Mutual trust in cryptocurrency refers to the confidence that users place in the integrity and security of transactions and the underlying technology. Unlike traditional financial systems, where trust is often established through intermediaries like banks, cryptocurrency relies on decentralized networks and consensus mechanisms.Users depend on transparency, which is provided by blockchain technology. Every transaction is recorded on a public ledger that anyone can view, creating a level of accountability. This openness fosters trust, as participants can independently verify transactions without needing to rely on a central authority.Moreover, smart contracts enhance mutual trust by automating agreements and ensuring that conditions are met before executing transactions. This reduces the risk of fraud and promotes reliability among users.Ultimately, mutual trust is built through consistent application of these principles, encouraging wider adoption and use of cryptocurrencies. As users experience secure, transparent transactions, their confidence in the system grows, reinforcing the community’s trust in the long term.

Bybit Removed from France’s AMF Blacklist After Two Years of Compliance Efforts
Cryptocurrency exchange Bybit has been officially removed from the blacklist of France’s financial markets regulator, the Autorité des Marchés Financiers