In last one month there is continuous negative news flow in regard to crypto assets from around the world.
First news flow was from S. Korea that gave impression as if all exchanges will be banned and shut down. Although the state efforts were only to clean up the system from illegal activity. Is that wrong step by state. Plain answer is NO.
Second was from India that all exchanges are raided by IT department of India. Was it wrong action by government of India. Clear answer is NO. Government has all the rights to know if these exchanges are following the law of the land.
Second news was Shutdown of Bitconnect by US government. Everybody in crypto world knows that Bitconnect was a scam. So the action by US government was RIGHT.
Third news was that arisebank will be shutdown by US government. Again arisebank was operating and got itself involved in activities that it was not supposed to be involved. So again banning was CORRECT.
Fourth news is US government Sends Subpoenas to Bitfinex and Tether. Again everybody knows that tether is a scam and not supported by transparent audit to verify their claim. It is again therefore right that US government pushes them either to come clean or be shutdown.
We all know that crypto startups are on the edge of defined legislation but we also can make a difference between a scam and a genuine innovation led startups that are beyond current boundaries of legislation.
So be vigilant to make that difference and dont be carried away by pure crowd madness. You are already aggressive if you have entered in crypto space therefore, be conservative in crypto space.