During this month, widely traded cryptocoankles faced major reforms because Asian officials increased their operations on cryptocutaneous exchanges and platforms.
Prices of Cryptocurrency have declined since last Thursday, reports that South Korea may be ready to ban all virtual currency trading in that country. Many people were surprised by the news because Asia Crypto is the label of fever. It is impossible for others to understand:
Before introducing these reports, Bitcoin was trading at $ 14,896.00, at present it is $ 11,010, Ethriam, the world's second largest cryptrusion, $ 994.30 from the market cap, which has fallen from $ 1,248.00 and the Ripp $ 1, Trading below $ 9000 is trading at $ 1.15 9 00
At the end of last week, Indonesian Central Bank issued a warning about digital currencies and requested investors to avoid the token owners, sell or trade. Yesterday, additional reports emerged, this time outside China. The country is expanding its clampdown on cryptorchanger trading and targets online platforms and mobile apps that offer exchange-like services, Bloomberg reports
Regardless of the increase in government investigations, there is a selective response to the markets. Susan Zhou, who is located in Hong Kong and is COOK's COO, a decentralized mobile network, indicates that there is no experience of major reforms in all cryptokycuvers.
"The selected tokens increase 10 times during the fifteen days of the first month of 2018. The price of tokens or cryptocurrency has been made on the project, of course, keeping the Hing for implementation, partnership, commercial use and the team's market capability. Looking at all the product launches, development and employment deadlines, we will be another fastest year in 2018. "
Zhou believes that Asian governments are keeping it safe, after China's actions, it expects the additional countries to issue stringent cryptocourrency trading standards.
"I think this is an opportunity for some countries to make a strong regulation as a model. Cryptocurrency Market and Blockchain Technologies are the new soft power for every economy where they should be helpful and fight rather than cut. Appropriate regulation will be more appropriate. We look forward to seeing further improvements. "
China is also controlling?
One critique believes that Asia's interference has had a negative impact on the market. CGRO and CEO are the founders of the risk-sharing platform, REGA says it is unfortunate for the cryptocurrency community that "China is planning to control cryptokuranx in the same way as they do with the internet." Savigrini explains that China was a major market crypto and ICO, and for the last several months due to the efforts of government authorities, the decline has come down.
Alex Mashinsky, the founder and CEO of Celsius Network, practices a little deeper and for some reasons it shows that this is happening now. He said that for many years, miners have misused China's subsidized electricity prices so that they can get virtual monopoly on the proof of mining of work.
"Recently the Chinese government has decided to act on this miscarriage because the crypto mining industry does not add to the GDP, which is why the government is giving subsidy in the first place. This development is good for the crypto community. Because it forces the miners to move to other places where clean water is available abundantly. "
Mashinsky noted that such rumors have spread first and it is natural that governments want to use their control on this new and large scale irregular market. He said that counter-productive and vain, legitimate players both welcomed the regulation and guidelines of the government, while trying to completely ban the Cryptokurusans, because it will lead to clarity and stability in the markets.
What are the intentions of China?
Sweetbidge CEO Scott Nelson is a platform that allows users to lend themselves through smart contracts through existing assets, indicating that China wants to find ways to control its currency flows, while alternative markets Can prevent a non-taxable business from developing.
According to Nelson, recent action is a central plan for the economy, which is a fear of losing control. He believes that this will not prove to be effective for a long time. In the short term, Nelson says that a lot of money is invested in cryptococcursis in China, which has to go to some place. There is no possibility of a temporary effect on Kristochransky valuation.
Masinski says:
"We have to wait and see what the ultimate purpose of China is in the coming weeks and months, as it seems that they are not focused on personal P2P transactions, rather, they prevent tax evasion, speculation and money laundering. are considering. "
Where are the investors considering the cryptography investment, where do they leave? Should HODL or back hold and clear regulatory policies be adopted? Nelson says:
"These are complex markets, and no prediction is likely to affect the short-term sentiment because it is a market that most investors do not understand. On the one hand and the other with crypto-fundamentalists, some people are scared because they do not know Who believes, and makes the market more volatile. "
It is mandatory that governments will eventually join in regulating how digitally currencies will be traded, they conclude, if tax revenues and buyer protection are not for other reasons.
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