There have been many changes in the financial services sector, thanks to advancements in technology. Today, you can transact online to pay, to buy, and even to invest.
Naturally, this has led to new-age digital trends too like easy-to-trade virtual assets that do not exist in physical format. They are not created or issued by the government or the central bank. Thus, they cannot be used as money or legal tender. However, some risks remain like:
- The value of such digital assets is not tethered to a real asset. As a result, their values—and your investment, as a result—can be subject to great volatility.
- Virtual assets are not regulated. Without government regulations, investors can be exposed to fraud and lose their money.
- Currently, these virtual assets attract one of the highest
