5 Things You Will Learn from Basics in Cryptocurrency and Digital Currency
As the world moves to the online space, digital money is gaining momentum. There are three types of digital money. These are cryptocurrency, stable coins and CBDCs. According to international monetary Fund managing director of Atlantic Council, Washington, DC, Kristalina Georgieva, around 100 countries are exploring Central Bank Digital Currency at one level or another. Some are researching, some testing and a few already distributing the currency.
For example, in Bahamas, the sand dollar-the local CBDC- has been in circulation for more than a year; In China, the digital rebminbi (called e-CNY) continues to progress with more than a hundred million individual users.
Clearly digital currency is the future. Therefore a course on digital currency will enable you to;
- Understand the Historical Definition and Characteristics of Money.
You have heard people who have invested in cryptocurrency and have made money out of it. You may have also heard of some who have gotten caught up in scams of digital money. It is important for you to understand digital money, its history and characteristics so that you are not scammed. To avoid the risk of being scammed you can enroll for a course in basics in fraud and cybersecurity risk management.
Related blog; 5 simple ways to earn passive income online with as little as 5000 Kenyan shillings. – Finstock Evarsity resources.
- Examine the Present Landscape of How Value Is Exchanged in The Digital Age.
There are people who are making money by investing in digital money. This includes buying the cryptocurrency and selling it when its price has increased. This is a high risk investment but people still do it. Some other people buy items with the digital money for example Tesla accepted bitcoin as payment of their cars.
- Comprehend What Is Blockchain Technology
As you learn about digital money, you need to understand what blockchain technology is. This is because in the digital space, as money is exchanged a lot of transactions are taking place. This had led to many fraud cases. Learn how to reduce the risk of being scammed by enrolling for an insurance fraud risk management course. Blockchain facilitates the process of recording such transactions and tracking assets.
- Define What Cryptocurrency Is.
As many people are working and living in the digital age digital money is taking shape. Cryptocurrency is one of the types of digital money that has caught the eye of many people more so investors. There are different types of cryptocurrency for example, dogecoin and bitcoin.
- Learn Anti-Money Laundering Financing Framework
A lot of cryptocurrencies do not have a central issuing or regulating authority. Therefore, it is speculated that some people are laundering money through these digital spaces. Thus, some countries like China, Algeria, Morocco, Qatar have banned cryptocurrency. You can learn more about anti-money laundering financing framework in the anti-money laundering risk management course.
Related blog; 6 best places to save your money – Finstock Evarsity resources
In conclusion, it is important to learn about digital currency in the ever-changing world. Finstock Evarsity offers the course on digital currency. Click on the link basics in cryptocurrency and digital money (frbcdm) – free courses – Finstock Evarsity college to register for the course. Other related courses are basics in fraud and cybersecurity risk management (frfcrm) – free courses – Finstock Evarsity college, insurance fraud risk management (ifrm) – risk and fraud management – Finstock Evarsity college and antimoney laundering risk management (amlrm) – risk and fraud management – Finstock Evarsity college.
