Leader of the United Workers Party, Economist Dr Thomson Fontaine notes the importance of defining the terms relating to crypto currency and emphasizing that it may be difficult even for persons who have been in the sector for years. Fontaine underlines that cryptocurrency is an artificial asset that can be used as a medium of trade and other functions, but there is great concern over the possibilities for fraud and money laundering. Money is controlled and regulated, whereas crypto currencies are decentralized and unregulated, and this is the main distinction between it and conventional money. In order to ensure that only the sender and the intended receiver can see the data being transmitted, Fontaine contends that cryptography is crucial. He observes that the decentralized and hidden nature of cryptocurrencies makes them dangerous to us. Leader of the United Workers Party, Economist Dr Thomson Fontaine
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