Kaspersky delves into trends and risks surrounding cryptocurrencies

Kaspersky delves into trends and risks surrounding cryptocurrencies

Technology has significantly impacted lives and economies over the last few years and is now giving rise to new modes of transactions and even currencies. New modes of electronic payment are becoming increasingly popular, and cryptocurrencies have captured the imagination and attention of individuals, investors, the banking industry, and Governments the world over. According to a new update to the International Data Corporation ( ) , blockchain spending will continue to grow at a robust pace throughout the forecast period with a five-year compound annual growth rate (CAGR) of 46.4%, reaching a total of nearly $17.9 billion in 2024. In this environment, not all attention to this new technology is good. Arshad Khan, Co-founder and CEO at Arabian Bourse, shares his insights and expert recommendations on the need to stay vigilant whilst engaging with any sort of virtual asset activities. As a Multilateral Trading Facility (MTF) and Custodian based in Abu Dhabi Global Market (ADGM), Arabian Bourse Limited has received initial approval from Financial Services Regulatory Authority of ADGM in its process to becoming the fully regulated, virtual asset MTF and custodian. According to Kaspersky's recent report on which highlights how this year, many financial cybercriminals are likely to target