Regulation for crypto is coming!

in #bitcoin7 years ago


"The central bank presidents, the Financial Action Task Force (FAFT) and the Organization for Economic Cooperation and Development (OECD) will be in charge of the G20 regulatory proposals. The first practical proposals for regulations will be presented in July this year during the 3rd meeting of finance ministers and central bank presidents."

Personally, I think once cryptos are regulated it won't be as volatile and the money to be made will not be anywhere near to what it is right now. Right now you can invest and 2x and even 10x your money within a month. July is when we will have really good news or bad news. In my opinion I think crypto will sink after regulation. The gorverment will limit and control us yet again.

What do you think about this?

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well personally I think that this will be pretty bad in the long run. As most people are attracted to the high volitility of cryptocurrency as volitility is needed in order to profit at least in my opinion. The positive is that we will begin to see a hault to the scam icos as well as the scam cloud mining sites if it is regulated.

I feel you profit will be a lot slower sadly! But profit is profit!

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