Bitcoin price has smashed down by 65% from its all time high price last December 2017.
- 2017 is the year wherein Bitcoin has reached its all- time high price
- 2018 will be the year of government regulation in Bitcoin
- This government regulation in Bitcoin is expected to continue until 2019
With the government regulating the cryptocurrency industry, this will lead to negative impact in the industry. The Chinese government has regulated cryptocurrency tradings in 2017 and early 2018.
This regulation of Chinese government had led to prohibition in cryptotrading and banning access of the market participants in various social media sites.
European Union has not expressed its clear intentions regarding regulation in cryptocurrency. U.S. Securities and Exchange Commission (SEC) favors regulating cryptocurrencies to protect its investors
UK government enforces laws in terms of cryptocurrencies to protect the public and its investors. 90% of cryptocurrency companies may be gone in the next few years.
Different countries plan to develop their own digital currency. Government regulation on cryptocurrency trading aims to protect the investors and avoid the crimes involving cryptocurrency trading
Read the full article written by Romal Almazo- Capco at- https://www.finextra.com/