Russian ban on cryptocurrencysteemCreated with Sketch.

in #cryptocurrency • 9 years ago (edited)

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On tuesday another goverment proved that the cryptocurrency market is getting powerfull enough to go out of their control.

The first country was China who banned the cryptocurrency exchanges which had a major impact on the market. However, it seems that these investors from China have managed to get back in the crytpo business with moving thier business abroad as the price of these coins got back their strength.

South Korea was the next with their new policy which had no real impact on the market.

So far the crypto market had little or no response to China's ban. Investors across the globe start realising that cryptocurrency cannot be stopped by simply banning them in countries. There will be always market available somewhere. When they start restricting access to something that has value for people it will create even higher demand. So do not panic and act unintentionally for these news by start selling your coins. They will rise even more. Time is our ally and if you have patience it will definitely pay off.

Have a great day to all Steemians.

Thanks for reading.

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#crypto #news #money #russia
9 years ago in #cryptocurrency by
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     9 years ago 

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