Renegade Whitepaper
  • A word from the founder
  • The Challenges Facing Traditional Financial Markets
    • Financial Markets
  • Renegade - bridging the gap
    • Cryptocurrencies vs. traditional financial markets
    • Limited global availability
  • Mission
    • Accelerate the World’s Transition to Cryptocurrency
  • Vision
    • Cryptocurrency for everyone.
  • Future of the Internet - Web3
  • The challenges currently facing cryptocurrency exchanges
    • Insufficient compliance
    • Isolation from traditional banking
    • Trading fees
  • Issues with cryptocurrency wallets at present
    • Asset safety
  • Banking challenges with cryptocurrencies
    • Limited accessibility
  • Challenge Identification and Our Approach
    • Principal Obstacles in Promoting Cryptocurrency Adoption
    • Our Approach
  • Renegade Payment Solutions
    • RenegadePay
    • Unique Selling Proposition
  • The Renegade App
    • User Experience
      • Buy & Sell Crypto
      • Send & Withdraw Crypto
      • Manage the Visa Card
      • Track Crypto
    • Traditional Banking
    • Currency Exchange
    • Security
      • Secure Wallets
      • Two-Factor Authentication (2FA)
      • Biometric Authentication
      • Encryption
      • Suspicious Activity Monitoring
      • Instant Notifications
    • Renegade Wallets
      • Our Offering
      • Custodial
      • Non-custodial
    • Renegade Lend
  • Renegade’s Business Model
    • Renegade Exchange
      • Our Offering
    • User Experience
      • Spot Trading
      • Margin Trading
      • Derivatives Trading
      • Staking Benefits
        • Fixed Stake-and-Earn
        • Flexible Staking
      • Other Features & Promotions
    • Revenue streams
      • Transaction fees
      • Exchange fees
      • Renegade Lend
      • Future revenue streams
  • Visa Card
    • The Renegade Reward System
    • The Renegade Squad
    • Renegade Squad Points (RSP)
      • How To Earn Squad Points
        • Staking RNG
      • How To Use Renegade Squad Points
        • Reward %
        • Reward Cap
        • The Renegade Benefits
    • The Founders Editon
      • Founders Cards
      • Founders NFTs
  • The Renegade Tokenomics
    • Tokenomics
      • Token Information
      • Token Distribution
    • Token Utility
  • Company Background
  • Status Quo Renegade
  • Links
    • Twitter/X
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  1. The challenges currently facing cryptocurrency exchanges

Insufficient compliance

Most nations' biggest problem with cryptocurrencies is their inability to control them.

Despite their great potential, legislators and regulators are wary about cryptocurrencies. One reason is that they are frequently used to produce and transmit significant quantities of money in the internet's "grey zone," so avoiding taxation. As a result, authorities are refusing to promote cryptocurrencies in order to avoid difficult legal complications.

As a result, investors are wary of entering this market due to worries about client due diligence, anti-money laundering regulations, and other difficulties related to the pseudonymous nature of cryptocurrencies.

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Last updated 1 year ago