Cryptocurrency is a high-risk speculative asset that has experienced huge increases and decreases in value. While it’s an exciting asset to invest in, there are many security risks involved and it’s essential to keep up-to-date on the latest threats so you can protect your digital assets and information.Go here :theinvestorscentre.com

The best way to secure your crypto is to keep it in a wallet that you own and control, and not one that is tied to an exchange or another third-party. This means ensuring that you use a software or hardware wallet and that it’s encrypted. You should also make regular backups and store them in multiple locations to mitigate data loss. Additionally, avoiding suspicious activities will help you stay ahead of cyber attacks. Keep your computer, phone, and wallets updated and never share your private keys. Consider enrolling in a cybersecurity degree program to gain additional education and qualifications that can strengthen your security.

Protect Your Cryptocurrencies in Ireland: Tips and Tools

When it comes to taxation, the rules on crypto are still being worked out. However, the Central Bank of Ireland (CBI) has said it is “highly sceptical” of CASP business models that involve unbacked crypto-assets being heavily marketed, offered, and distributed to retail investors for speculative purposes.

The CBI has stated that it will work with colleagues in the EU and at global fora to ensure a rigorous regime, including AML/CFT requirements, is put in place for the crypto market. Ireland has already passed an anti-money laundering law in 2021 and is preparing for new laws that will tighten reporting requirements for crypto-asset services, limit cash payments to EUR10,000, and introduce monitoring of large transactions.