Cryptocurrency Regulation and Blockchain Technology to Transform Several Industrial SectorsFebruary 5, 2020
Senator Catherine Cortez Masto, a notable figure in crypto legislation, recently stated, “It’s a platform that has the ability to transform so many sectors of this country from, what we are talking about right now — the financial sector, to the energy sector, to healthcare records, to everything. I think there’s potential here, and it’s not going to go away. It is something we will have to address because if we, as a country, do not lead in this technology, China or some other country is going to do so.”
Spotting Support and Resistance Levels for Cryptocurrency Triggering Cryptocurrency Regulation
Sydney Ifergan, the Crypto Expert Tweeted: “#Blockchain technology is continuing to change the fundamental structure of the #financialmarkets. And legislators are very keen about the happenings in the #cryptocurrency industry. They are becoming increasingly vigilant. however, some governments are embracing the technology.”
The next possible price of a digital token is usually the point of interest for every cryptocurrency investor or HODLer. When there is a downtrend, the overall interest of the investors is about when the next potential upsurge might happen. Understanding the potential of the upsurge or downward trend is what contributes to making the major trading decision.
The activity level in the cryptocurrency investor space consists of spotting support and resistance levels for a cryptocurrency. The popular market sentiments are considered. Technical indicators are verified for clarity. What the price action would mean for each investor will depend on why they invested into cryptocurrency for. Whatever be the reason, every investor targets a price range, whether for price appreciation or depreciation, or to make the buy or sell decision. And, the not to miss ideal is to consider the latest buzz about the happenings in the cryptocurrency world.
Thus money keeps flowing into the cryptocurrency space beyond the boundaries. Cross-border payments are happening in a decentralized manner. And, governments are keen to regulate the cryptocurrency.
About cryptocurrency regulation and Regulator Concerns
Regulators from across the world now know that they cannot spare cryptocurrency nor ban it. They do not want to lose on receiving the benefits of the technology. At the same time, they do not want to feel overthrown by the powerful blockchain technology as they are well aware of its destructive dimensions.
Governments are well aware of the power of blockchain technology; they are looking at ways to retain their power while permitting the technology. The industry has somehow crept into the lives of everyday people without government intervention. People can buy cryptocurrencies from vending machines!
Several governments are genuinely concerned about losing their power to this amazing technology.