Global cryptocurrency crackdown looms as governments enter digital currency race

//Global cryptocurrency crackdown looms as governments enter digital currency race

Global cryptocurrency crackdown looms as governments enter digital currency race

Financial analysts, writers and retail investors alike have flocked to bitcoin and other cryptocurrencies, like many did with US housing in 2008 and Dutch tulips in the 1600s.But few pundits have noticed the similarities between cryptocurrencies and gold, and even those who do, treat the parallel as merely a compass for setting a price target. But this parallel is ominously important. It shows that cryptocurrencies threaten state control over currency circulation, and are headed for a heavy…

Article by [author-name] (c) Business - South China Morning Post - Read full story here.

By | 2021-06-20T16:30:00+00:00 June 20th, 2021|Business|Comments Off on Global cryptocurrency crackdown looms as governments enter digital currency race