With nothing officially announced about Facebook, despite not being sure on whether Facebook Coin will be a reality, it is already known that if there would be a Facebook coin, there will be instances where investors will be banned violations.

When it is about Bitcoin, it isnot possible for anyone to freeze your account or block your transactions;however, Facebook has the control to freeze and block financial accounts underits control.

An announcement from GSR, analgorithmic trading firm announces the launch of a new Bitcoin halo optionderivative which read, “This is analogous to an insurance policy on the tradingaccount where the holder enjoys all the profits of the strategy at maturity,but should there be losses then no further cash flow takes place.”

The attitude of the Germanregulators has been changing greatly concerning cryptocurrency, which theexchanged director stated as, “These ETNs will allow investors in Germany totrack future price developments of the two cryptocurrencies Litecoin und Ripplethrough exchange-traded securities for the first time.”

Greedy investors find greatappeal when they come across promising big returns from cryptocurrencyfraudsters. These scammers manage tohave the unsuspecting investors wait for a period of time ranging from 99through 120 days in order to get a notable return on investment withoutproviding information on investment strategies. Unsuspecting investors are trapped by encouraging and exciting messages.

Cryptocurrencies being anelectronic and money transfer system have been a competitive introductionagainst traditional venture capitalists and angel investors. Accounting judgments are important forms ofprotection to investors who in reality do not have designated legal protection. The organization behind the cryptocurrencygets funded and the investors land up in pump and dump schemes if theorganization is not good. Forensicaccount is the key to rescuing users from cryptocurrency fraud.

Investors need some educationabout bad acts and fraud in the cryptocurrency world. With the evolution ofmoney, the need for accounting never dwindled. With the cryptocurrency trending towards future money there is a needfor accounting whether to calculate interest rates, assess the rising interest,change in price trends, taxes, or anything to name.

When cryptocurrency will becomethe everyday form of payment, the need for accounting cryptocurrency willimprove exponentially. The need toorganize, track, and manage the cryptocurrency transactions comes with new setsof challenges and opportunities. Cryptocurrency account is the key to sustaining legitimacy oftransactions when cryptocurrency goes mainstream.