Wednesday, June 30, 2021

Which coins will survive the crypto crash?

It is more than likely now that a new crypto crash is going to happen, probably worse than the previous ones, because it has been decided by regulators:

  • US congressman called today for shutting down cryptos
  • Bank of France gonvernor has urged Europe to regulate cryptos

In summary, the US and Europe are doing their best to fight against cryptos in order to continue the crypto crackdown initiated by China.

How far can they go?

  • They may reinforce the taxation policy or at least harmonize the rates - e.g. by following the 30% tax example of France in the whole Europe
  • They might shut down some centralized crypto exchanges or at least make the life more complicated for them - e.g. Binance, Coinbase, FTX
  • They could also ask the centralized exchanges to impose KYC whatever the amount, and to send to each state the list of the crypto holders

What can you do against that?

 more here.