BTC lacks regulation and legal protection.

Ritu13

The decentralized nature of Bitcoin, which exempts it from the control of any central authority or government, has, to some extent, impacted its regulatory oversight and legal protection. Due to the lack of regulation, Bitcoin transactions may be associated with illicit activities such as money laundering and smuggling. Furthermore, for some investors and users, the absence of legal protection and support from regulatory bodies poses higher risks in Bitcoin investments.

In summary, the decentralized nature of Bitcoin plays a positive role in preventing single-point failures, reducing monopoly risks, and protecting user privacy. However, decentralization also brings about challenges such as scalability issues, security risks, and a lack of regulation. Therefore, for future development, it is crucial to explore solutions to these challenges while maintaining the decentralized characteristics, in order to better balance the relationship between decentralization and centralization trends.

Yamini003

Virtual currencies lack legal protection.

Kahn332

Taking control of it yourself is also a good approach.

Jafar224

It's worth taking a look and learning from.