Cryptocurrency "Rocky Road": ICO China ban

In the wake of the ban ICO in China, which comprehends the world cryptocurrency?

The biggest event in the world cryptocurrency recently was a statement by the Chinese authorities to close the exchanges on which traded cryptocurrency. As a result, BTCChina, one of the largest stock exchange markets in China, announced that trading activity will be terminated until the end of September. This news catalyzed sharp sale that left bitcoin (and other currencies such as Eteryum) that fell approximately 30% lower than the record high achievements reached at the beginning of the month.

Thus, the roller coaster continues. As in December 2016 for September 2017 increased bitcoins that exceed four times as much, some analysts predict that cryptocurrency can recover from the recent fall. Josh Mahoney, the IG market analyst, commented that cryptocurrency & # 39; "Past experience tells us that (they are) likely to avoid these problems in the past aside."

However, these sentiments do not supratspastupayuts. Mr. Dimon, CEO of JPMorgan Chase, said that bitcoin "not working" and that this "fraud … worse than the tulip bulbs (with reference to the Dutch & # 39; tulip mania & # 39; 17th century , recognized as the world's first speculative bubble that will explode … … ". It goes to the point that says to lay off employees who have been foolish enough to trade bitcoin.

Speculation aside, what actually happens? Since the ICO ban on China and other leading world economy in a new way is considered as kryptovalyuty world should / can be adjusted in their regions. Rather than prohibit ICO, other countries continue to recognize the technological advantages of the crypto-technology and seek to control the market, do not zadushvayuchy with growth rates. The big problem for these economies to the & # 39 is to figure out how to do it, because the alternative character cryptocurrency does not allow them to be classified under a traditional policy of investment assets.

Some of these countries include Japan, Singapore and the United States. These economies are seeking to establish accounting standards for cryptocurrency, mainly for anti-money laundering and fraud, which were made more elusive due kryptatehnalogii. However, most regulators do recognize that there is no real benefit from a complete ban cryptocurrency due to economic flows, which they carry out. Also, probably because it is virtually impossible to close the crypto world as long as there is Internet. Regulators can focus only on the areas where they may be able to control a control that seems to be located where cryptocurrency occur with minor currencies (ie exchange cryptocurrency).

While kryptovalyuty seems to be subject to more scrutiny over time, countries such as Hong Kong, benefit. Since the ban Chinese ICO many founders kryptovalyuty projects have been transported from the mainland to the city. Aurelian Menanteau, CEO Gatecoin, said the company has received "a large number of requests from the founders blockchain projects based on the mainland," and that there is a surge in the number of Chinese customers who are registered on the platform.

Looking a little further, companies such as Nvidia's, expressed positivity of this event. They argue that the ban ICO will feed only their GPU sales, because the ban is likely to increase the demand on the GPU, connected with cryptocurrency. From the prohibition is the only way to get cryptocurrency obtained by the GPU, it is to extract them from the computing power. Thus, people who want to get cryptocurrency in China, and now need to get more processing power, as opposed to direct purchases via stock exchanges. In fact, Nvidia's mood lies in the fact that it does not spiral slide for kryptovalyut; in fact, get the momentum and other industries.

In the light of all the unrest and controversy surrounding cryptocurrency integration of this technology into the global economy seems to be quickly implemented. Do you believe in the future of technology, do not think that this "fraud … which explode," kryptovalyuta in the roller coaster is worthy of your attention.

Source by Darlie Amatmontree