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    Cryptocurrency Presentation

    Uploaded by

    Khandkar Sahil Ridwan
    Cryptocurrencies are popular due to their financial, technological, and psychological appeal. However, they also pose risks to the economy such as enabling tax evasion and money laundering. While some countries have legalized cryptocurrencies, Bangladesh Bank has issued warnings against them, though its position has shifted at times. Overall, cryptocurrencies raise legal and economic concerns due to their unregulated nature and potential for illicit use.

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    © All Rights Reserved
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    Cryptocurrency Presentation

    Uploaded by

    Khandkar Sahil Ridwan
    318 views20 pages
    Cryptocurrencies are popular due to their financial, technological, and psychological appeal. However, they also pose risks to the economy such as enabling tax evasion and money laundering. While some countries have legalized cryptocurrencies, Bangladesh Bank has issued warnings against them, though its position has shifted at times. Overall, cryptocurrencies raise legal and economic concerns due to their unregulated nature and potential for illicit use.

    Original Description:

    This is a presentation on Cryptocurrency answering 4 vital questions.

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    Cryptocurrencies are popular due to their financial, technological, and psychological appeal. However, they also pose risks to the economy such as enabling tax evasion and money laundering. While some countries have legalized cryptocurrencies, Bangladesh Bank has issued warnings against them, though its position has shifted at times. Overall, cryptocurrencies raise legal and economic concerns due to their unregulated nature and potential for illicit use.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    318 views20 pages

    Cryptocurrency Presentation

    Uploaded by

    Khandkar Sahil Ridwan
    Cryptocurrencies are popular due to their financial, technological, and psychological appeal. However, they also pose risks to the economy such as enabling tax evasion and money laundering. While some countries have legalized cryptocurrencies, Bangladesh Bank has issued warnings against them, though its position has shifted at times. Overall, cryptocurrencies raise legal and economic concerns due to their unregulated nature and potential for illicit use.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 20
    At a glance
    Powered by AI
    The key takeaways are that over 1500 cryptocurrencies exist, with Bitcoin, Ethereum and Litecoin being some examples discussed. Factors like financial opportunities, technological advantages, and psychological factors contribute to cryptocurrencies' popularity. However, there are also legal and economic issues regarding their use like money laundering and tax evasion.

    Cryptocurrencies are digital currencies that use cryptography for security. Some examples discussed are Bitcoin, the first cryptocurrency created in 2009, Ethereum launched in 2015 which uses ether, and Litecoin created in 2011, often called the 'silver' to Bitcoin's 'gold'. They allow for peer-to-peer transactions without an intermediary.

    Cryptocurrencies are popular for factors like their financial potential for investment returns, technological advantages like transparency and security, and psychological factors like anonymity. Their value is determined by supply and demand and they can be traded on exchanges.

    • Rafat Islam – 1735363060

    • Zakia Ahmad – 1611988660


    • Md. Samiul Haque – 1715092660
    • Md. Tanjil Hossain – 1735205660
    • Kifayat Nahiyan Rafi – 1735282660
    • Md. Aminul Islam – 1715093660
    • Ridwan Haider – 1725204663
    How many cryptocurrencies are out there?

     Number of cryptocurrencies available over the internet as of 6 February,2018 is 1514

     A new cryptocurrency can be created at any time.

    Figure 2: Number of notable cryptocurrencies launched from 2009 to 2018


    What are they worth? Discuss with example
    Figure 2: Market Capitalization of cryptocurrencies from 2014-2018
    Why Cryptocurrencies are popular ?

    Financial Technological Psychological


    Perspective Perspective Perspective

    Ava presentation to Designtuts team 5


    Financial Perspective

    Mind -boggling Initial Coin


    investment Offering
    Value of returns
    Cryptocurrency
    is not fixed
    Traded across
    numerous
    The price is exchanges
    determined by
    supply and
    demand
    Ava presentation to Designtuts team 6
    Financial Perspective
    Treating asset
    instead of
    currency
    Fundraising
    opportunity
    for investors
    Limited supplies
    makes the price
    astronomical

    Ava presentation to Designtuts team 7


    Technological Perspective

    Blockchain based
    Data transparency, applications are
    integrity, and security open source

    No need to integrate Sending /receiving


    online payments as a common
    gateways payment means

    Ava presentation to Designtuts team 8


    Psychological Perspective

    Identities of parties protects the


    in this market are account user’s
    truly kept identity online
    anonymous

    Distributed ledger
    More return with no technology and the
    footprint left cryptocurrency
    markets act as a
    virus on one’s brain

    Ava presentation to Designtuts team 9


    Brief example of some Cryptocurrencies

    Ethereum
    04
    option

    Bitcoin Litecoin
    Bitcoin

    “peer to Satoshi Free of new coin is miners


    peer” Nakamoto any kind of created by create new
    electronic in 2009 central a system bitcoins by
    cash developed control known as solving
    system this bitcoin ‘mining’ various
    cryptographi
    c puzzles
    Ethereum

    First Run on its Ether is like purchased corporations


    launched in platform - a vehicle for by choose it for
    the year specific moving developers its smart
    2015 around on want to contract
    cryptograp
    the develop and capabilities
    hic token,
    Ethereum run and
    ether
    platform applications corporate
    backing
    Litecoin

    first Charlie open faster block Developers


    launched Lee, a MIT source generation as well as
    in 2011. graduate global rate and merchants
    Often created payment offers faster accept
    referred to this litecoin network transaction Litecoin.
    as ‘silver to confirmation
    Bitcoin’s
    gold’
    Are Cryptocurrencies legal? Discuss
    considering the global economics
    What About Bangladesh?

    Bangladesh Bank issued a statement in mid-


     September 2014 that cryptocurrencies are
    illegal

    In December 08, 2017 BB’s deputy governor


    SK Sur Chowdhury’s statement seemed as a


    shift from its previous position

    But later in the same month BB again issued


    a warning against cryptocurrencies


    Problems ??

    South Korea introduced


    de-anonymity rule to Cryptocurrency is not
    prevent money laundering regulated by any government

    It can be used as a
    Result in loss of medium for money
    trillions of dollars’ laundering and tax
    worth of tax evasion

    Could easily
    Impossible to hide income
    track any of it
    Is it safe?

    $473 M stolen from $31 M hacked from ‘Tether


    ‘Mt. Gox’ in 2014 Cryptocurrency’ in 2017

    $534 M stolen from


    ‘Coincheck’ on $64 M stolen from
    January 27, 2018 ‘NiceHash’ in 2017
    What About Economy ??
    Tax Evasion
    What About
    Economy ?? Money Laundering

    Black Marketing

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