'Cryptocurrency BANS are inevitable' Macron and Merkel to trigger global bitcoin crackdown
Hi Steemitians,
France and Germany's finance ministers have agreed to launch a joint crackdown on the cryptocurrency markets as countries begin to push back against the bitcoin boom.
Mark Wilson, the CEO of insurance company Aviva, said that cryptocurrencies face a "blizzard of regulations" in the coming weeks.
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By Oli Smith
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In a sense it was inevitable but it's a bit of a bummer...be interesting to see how things develop. Thanks for the article though...
yes jonny.I believe regulation without compromising the fortune of investors is the need of an hour but authorities are lopsided in this scenario
Be nice if governments a) rolled with the changes positively and b)clamped down on super-rich tax evasion as well...Switzerland is embracing crypto...they'll win in all this!
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"One of the keys to sovereignty is control of currency and tax."
Such BS! Pathetic that governments are so intimidated by things they can't control. They're only doing this to show off their "badge of power".
I bet their "regulation" attempts will fail. They don't have enough jail cells :)
The fact that governments are scrambling to control it proves that crypto is the real deal. Governments are running scared and losing control.
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I think regulations are good to an extent because it will level the playing field among cryptocurrencies.