I do not know if you think the same as I do but all these news that we have had lately regarding the ban of some institutions on crypto and BTC in some countries are not bad news after all.
In fact, I believe that basically governments, except for China that I am not going to adjective, are beginning to take the adoption of cryptocurrency seriously.
BINANCE Ban in the UK is super limited to certain derivative products but not to crypto trading.
It is obvious that somehow the regulation of this technology has to come, and I suppose that all of us accept it as the near future. The scope of this regulation is not clear yet and I think that at least another halving has to pass to see something clearer about it.
Meanwhile, it is the banking sector and the traditional economic and financial system that intends to put up the barriers and, let's face it, the power of all these entities is still immense today. The adoption of crypto increasingly weakens financial institutions, little by little, drop by drop, the financial leak from FIAT to crypto persists.
If just a year ago the Total Market Cap was valued at 300 Billion, today this figure has increased fivefold ... and that means that it is FIAT money out of the hands of the banks.
All this negative news is nothing more than the **exiles of the traditional economy**** in front of its end and believe me when I say that I am sure that the banks themselves take advantage of it to accumulate Crypto, mainly BTC, at a still "reasonable" price.
(Source)
We all know that countries like "El Salvador", "Panama" or, perhaps also "Paraguay" are not economic powers but perhaps they will become the vanguard and the example of other more prosperous ones in the near future.
Countries like Switzerland, Portugal or South Korea, whose economies are not negligible, have already declared themselves "Crypto-Friendly"... it would not be strange for some of these to do the same as "El Salvador" in short.
*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
Posted Using LeoFinance Beta
