Latest government regulations and crackdown on cryptoexchanges all over the world don't have to undermine (real) cryptocurrencies. In the end real cryptocurrencies were built decentralization in mind to be resistant to any kind of government control and censorship. And from the beginning it was expected governments will try to regulate or ban anything related to cryptocurrencies in every way possible. Personally I expect heavier regulations and even criminalization of cryptocurrencies to come in the coming months. This way governments want to make current status-quo as long as possible to damage the market.
So recent events in cryptocurrency world shouldn't come as a surprise for those who invested time to understand how blockchain works and what decentralization means for governments.
Government regulations will show whether decentralized platforms work in practice or not.
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