The Bear Market Always Comes With Crypto Regulation
Since 2009, after Bitcoin's introduction, a lot of changes have happened. Mass adoption in different countries, rising in prices and falling in prices of crypto and many more. In all this, one thing that has always been a coin toss is government crypto regulations.
When you hear the word regulations, you start to think the government intend to do something good about the use of crypto and on the other hand, you start to worry that the government wants to place stiffer regulations on cryptocurrency.
A lot of countries have been creating crypto regulations and most times, the regulations are not in the favor of the crypto world. Some countries accepted cryptocurrency, others banned it, while some who accepted it started creating stiffer regulations for traders. Countries like El Salvador which declared bitcoin as a legal tender in 2021, Ukraine has been regulating cryptocurrency while a few African, Middle East, and Asian countries have placed ban on cryptocurrency.
History has shown that regulations come during the bear market, and now we are in a bear market, so I will expect that there will be a lot of regulations like the one South Africa is about to place. How do you intend to cope, if your country places unfavorable crypto regulations during this bear market?
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