Govt Intervention in Crypto.....what does it mean for the space?
New article from CoinDesk titled "Chinese Regulators Expect to Release Bitcoin Exchange Rules This Month" reports that crypto-currency has caught the attention on the worlds largest governments. To us, this represents the classic "double edge sword" argument in that main stream adoption/popularity of crypto-currency inevitably means more capital in the space, which is good for all crypto-investors.
...BUUUUUT
...as we know, greedy politicians love to pillage the little guy, mostly at the behest of the big banking donors who MOST CERTAINLY do not like money leaking out of their institutions.
The question remains, how in the world can we combat a government take over? (maybe I'm just paranoid)
article link here:
http://www.coindesk.com/chinese-regulators-expected-release-bitcoin-exchange-rules-month/
luckly in my country, only a handful of people are involved in crypto... so government involvement is a distant thing...
oh yeah? where do you live?
Namaste, I am from Nepal...
Namaste.....thank you for reading my friend :)
We followed you...please follow us
-Eric
sure
I think the more regulation governments place on cryptos the more it legitimizes them.