More and more countries will start to regulate the cryptocurrency market during 2018 in order to enforce the law and create straight guidelines for businesses and individuals who are involved into it. South Korea is just the most recent example and it seems like the U.S. might be one of the next to swing the hammer.
Sigal Mandelker, Under Secretary for Terrorism and Financial Intelligence, just recently stated the below in regards to regulations on the crytocurrency market in front of the Senate Banking, Housing and Urban Affairs Committee:
“To ensure that virtual currency providers and exchangers know the rules and follow them, FinCEN has prioritized engagement with – and examination of – these entities, focusing both on the approximately 100 that have registered with FinCEN as money transmitters as required, as well as those that have not.”
(Source -Coindesk.com)
Regulations & Mass Adoption Before Full Decentralization!
I´m a fan of full decentralization and would love to see it happen right now but seeing it from a realistic perspective there are a lot of other things to happen first before we can overcome centralization after all. That being said I think that Regulations are actually a good thing for cryptocurrencies in the long run as they create a solid foundation for businesses and individuals acting within the market while limiting criminal activities just like ponzi schemes and scams.
In my opinion without regulations there will be no huge mass adoption and therefore no big headlines just like the one from Japan below on a bank opening a cryptocurrency exchange.
Of course that´s not what we want to achieve but it´ll be the only way to get the masses into the sphere before having everyone realize that banks are actually totally unnecessary and can be replaced by decentralized more secure setups. Whenever that happens we´ll reach a point of no return and will see more banks dying day by day.
Bitshares, The Sleeping Giant!
Based on my opinions above I´m a strong believer into Bitshares as the one blockchain to decentralize us all one day. It´s awesome capacity, fast transfers and high security will be capable of onboarding billions of users around the world without the need of any banks anymore.
So some might be surprised why the BTS token is still so cheap. Well that´s because we are not at the stage of a big decentralization movement yet so that BTS can still be considered a sleeping giant and a massively undervalued one on top of that!
That all being said, yes I´m stacking up my BTS holdings and I as well bought more during the times it almost reached 1$ as I see it reach ways higher values within 2018 already whenever people realize how awesome the Bitshares DEX and the token itself is. You may do your own research on it but I guess you won´t find anything negative about it.
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