Globally, as at November 7, 2020, there were over 6,700 types of cryptocurrencies including, Bitcoin, the most popular digital currency, which currently trades at USD$15,014.90. This amounts to approximately TTD$101,964.75. At the beginning of the fourth quarter of 2020, cryptocurrencies recorded a cumulative market capitalisation of USD$237.1 billion. Despite this, there are many concerns regarding the use of cryptocurrency including the substantial fluctuation in the market price, the regulatory and legal oversight, and of course, the looming question regarding whether it is a security.
Is Cryptocurrency a Security?