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The fact that there is little evidence of any increase in the use of virtual money as a currency may be the reason why there are minimal efforts to regulate it. The reason for this could be simply that the market is too small for cryptocurrencies to justify any regulatory attempt. It truly is also possible that the regulators just don’t understand the technology and its implications, expecting any developments to act.
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While none of these organizations “owns” the Internet together these companies determine how it operates, and established rules and standards that everyone remains. Contracts and legal framework that underlies all that is taking place to ascertain how things work and what happens if something goes wrong. To get a domain name, for instance, one needs permission from a Registrar, which has a contract with ICANN. To connect to the Internet, your ISP must be physical contracts with providers of Internet backbone services, and suppliers have contracts with IXPs from the Internet backbone to connect to and with her. Concern over security issues? A working group is formed to work on the issue and the alternative developed and deployed is in the interest of most parties. If the Internet is down, you might have someone to call to get it repaired. If the difficulty is from your ISP, they in turn have contracts set up and service level agreements, which regulate the way in which these issues are worked out.
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