'Cryptocurrency BANS are inevitable' Macron and Merkel to trigger global bitcoin crackdown

in crypto •  7 years ago 

Hi Steemitians,

France and Germany's finance ministers have agreed to launch a joint crackdown on the cryptocurrency markets as countries begin to push back against the bitcoin boom.

Mark Wilson, the CEO of insurance company Aviva, said that cryptocurrencies face a "blizzard of regulations" in the coming weeks.

Click the below link

https://www.express.co.uk/finance/city/907121/bitcoin-Cryptocurrency-price-risk-bans-Emmanuel-Macron-Angela-Merkel-France-Germany

By Oli Smith

Image Courtesy:GETTY IMAGES

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7 years ago by

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    • [-]
      ·  7 years ago 

    In a sense it was inevitable but it's a bit of a bummer...be interesting to see how things develop. Thanks for the article though...

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      [-]
        ·  7 years ago 

      yes jonny.I believe regulation without compromising the fortune of investors is the need of an hour but authorities are lopsided in this scenario

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      1 vote
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        ·  7 years ago 

      Be nice if governments a) rolled with the changes positively and b)clamped down on super-rich tax evasion as well...Switzerland is embracing crypto...they'll win in all this!

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      1 vote
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        ·  7 years ago 

      This post has received a 1.56 % upvote from @drotto thanks to: @kishore1988.

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        [-]
          ·  7 years ago 

        "One of the keys to sovereignty is control of currency and tax."

        Such BS! Pathetic that governments are so intimidated by things they can't control. They're only doing this to show off their "badge of power".

        I bet their "regulation" attempts will fail. They don't have enough jail cells :)

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          [-]
            ·  7 years ago 

          The fact that governments are scrambling to control it proves that crypto is the real deal. Governments are running scared and losing control.

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            [-]
              ·  7 years ago 

            This post received a 17.25% upvote from @morwhale team thanks to @kishore1988! For more information, click here! , TeamMorocco! .
            STEEM Price : 4.157 $ ID : 1516390854000

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              [-]
                ·  7 years ago (edited)

              I think regulations are good to an extent because it will level the playing field among cryptocurrencies.

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