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RE: State of the Coin Address from Tokyo (the effects of legislation on the crypto climate in Japan)
What do you think about this regulation's effect though? Will this cause a heavy uptrend among anonym currencies like Monero?
For me, all this fight seems to be quite futile from the governments. They can't really stop this. It's like a slow-down process, damage control that's needed to buy some time to figure out what to do when the inevitable transition happens. Just think about how parabolic this market would be without all the fuds from the government/media.
If this regulation mania continues though, crypto tax haven countries will be really popular in the future. And those will rise, big time!
Yes, I think Monero’s “day”
is still coming. It is one coin that tends to hold strong regardless of market climate, and I think that is because folks, even if only intuitively, can sense its importance.