What is the biggest challenge facing global cryptocurrency adoption?

[magnus2022]

Cryptocurrency is spreading like wildfire and a lot of cryptocurrency token evolving on daily basis. While cryptocurrency is expanding, its major problem is lack of global frame and regulatory guidelines. Many countries are still trying to define how they will clarify cryptocurrency whether they will called it new currency, commodities or securities! Many are skeptical and are trying every possible means to regulate cryptocurrency firmly.

 

[Kross]

One of the biggest skills problems facing global crypto adoption is the lack of universal framework on the operation of crypto exchanges.

 

[Suba]

There are many challenges facing global crypto adoption such as scalability so that the transaction process becomes slow, high fluctuations often become a barrier to crypto being used as a medium of exchange, centralized authorities and central banks often have not approved the adoption of crypto, while in my country crypto is regulated as a commodity.

 

[Augusta]

For me I think it is regulatory uncertainty and the lack of clear guidelines, which creates confusion and hinders adoption across various countries.

 

[riberet19]

I believe that the lack of financial knowledge is the biggest barrier right now to the global adoption of cryptocurrencies, which is why institutions and governments are adopting them more quickly than the average citizen.

 

[King Belieal]

I think that skepticism by government on how crypto would make them lose autonomy is one of the factors that is delaying adoption.

 

[Augusta]

There are challenges of regulatory uncertainty, security concerns, and the need for user-friendly interfaces