World bitcoin status
The further development of cryptocurrencies will mostly depend on how the legal status of cryptocurrencies will be shaped throughout the world.
The issue of cryptocurrency legalization (which means that cryptocurrencies get the legal status both in the particular countries and international financial institutions) appeals not only to the crypto-community. The solution of the stated issue will also predetermine the perspectives of the digital economy development, which is getting more and more powerful in the global economy as well as in life of every individual person.
The regular users are quite uncertain whether they may rely on the law in case of any problem concerning crypto-exchanges, ICO, or cryptocurrency management in general. The miners and traders are also rest in the risk-area, due to the fact that they are concerned with the issue of the crypto-profit “nature”. The continual difficulties with supplies of the new equipment for the mining farms is another problem.
Legal systems of many countries cannot clearly determine whether cryptocurrency is legal or not. One the one hand, it is not forbidden, on the other - it is not allowed due to the accurate identification of “What is cryptocurrency?” does not yet exist. Thus, the legal environment governing cryptocurrency has not been worked up.
A lot of market participants including active market traders, regulatory institutions, international financial institutions, banks, which are participating indirectly in the market activities would approve the measures taken for cryptocurrencies exit from the “legal shade”.
Disclaimer: THIS #ARTICLE IS NARRATED FROM EXMO.COM and is not intended to provide, #investment #advice. Please conduct your own thorough research before #investing in any #cryptocurrency.
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