The factors that contributed to this decline are many: the continuing uncertainty about the regulatory future of the digital currency in Korea, whose markets account for 12% of the world's trading volumes. The emphasis on China's regulation of digital currencies, digital currency and mining operations is also a potential risk to market viability.
Despite China's 10% decline in trading volume, it played a very important role in the development of digital currencies. In addition, there are growing fears of further regulation in the industry. French Finance Minister Bruno Le Mer proposed to discuss the issue of the currency of the Betcoin at the G20 meeting in April, and his German and Italian counterparts agreed. , the finance minister announced the formation of a task force to set regulations on digital currencies, topped by the highly skeptical Betquin currency.
The decline in currency values has been exacerbated by the significant rise in the market value of alternative digital currencies in recent months. These large gains have led to the prediction of an alarming future for many small digital currencies that may not offer any new value as the more stable currencies do.
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