Jan 2018: A Defining Moment for Cryptocurrency Regulation Globally

[skurtsil]

"The ban on cryptocurrencies is in fluctuation, and this may vary in the future. This article explains on the position of several governments on the prohibition of virtual currencies with statements from the following countries; United States (SEC, CFTC, IRS,) South Korea, China, and Japan. Each represents a piece of universal contribution in digital currencies, and it is a fact that the change in regulations in most of these countries could alter the market for crypto..."

Read the full article here:

https://www.tokens24.com/news/jan-2018-defining-moment-cryptocurrency-regulation-globally/

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[Xavieroz]

Analysts blame these crashes on concerns over possible new regulations on bitcoin or even banning its trade in South Korea, where some of the world's largest cryptocurrency markets are located.

These measures would come after Beijing ordered last year to close the digital currency exchange houses based in the country, while in the case of South Korea, the Government is acting to try to control a market that is unregulated and it is characterized by its extreme volatility.

The current price of bitcoin is around 40% below the record reached in mid-December, when it broke the barrier of $ 19,000 (15,500 euros).

[strongpic]

Any information in these countries affects the bitcoin currency and may cause the bitcoin price to drop sharply.