one of the main reasons is the way blockchain technology works every crypto transaction is recorded on a public Ledger the blockchain this Ledger is accessible to anyone which is great for transparency but not so great when your personal information is at risk if someone's wallet address is connected to their real identity every transaction they've made can be traced and once it's on the blockchain it's there forever No undo button and that's not all because cryptocurrencies are decentralized there's no Central authority to hold doxas accountable unlike additional Banks there's no one to call for help if your data gets leaked this lack of oversight can make people feel vulnerable and less likely to dive deeper into the world of crypto.
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