PROBLEM REACTION SOLUTION
Inversely proportional to consumer demand in cryptocurrencies is government fear. Except they don’t call it that. They call it regulation.
Remarkably absent in recent months, fear-based cryptocurrency news is making a comeback.
Russia’s largest bank, Sberbank, has halted cryptocurrency related plans because of the negative bias from Russia’s central bank, India is proposing harsh penalties including lengthy jail time for anyone caught dealing in cryptocurrencies, and Hong Kong’s securities regulator is expressing concerns over the lack of regulation for dealing with fraud involving cryptocurrencies.