Meta Transactions – Regulatory Pushback on Cryptocurrency

By dan saada July 6, 2019 Off

Dr. Doom, known for his gloomy warnings about cryptocurrency, stated that the Bitcoin is over-excited.

Nouriel Roubini stated, “Another @CryptoHayes scam: he didn’t allow the blockchain conference to record our debate and beam it live. He controls the only recording of it and will only release heavily edited “highlights.” I destroyed @CryptoHayes in the debate, and he is hiding. RELEASE THE TAPE, YOU COWARD!”

In recent research, it was found that the United States leads the world in the numbers of tweets which talks about Bitcoin and the planned cryptocurrency, Libra from Facebook. It was a mixed reception Libra from the overall market.

It was found that nearly 38.9% of posts on Twitter went up in the US.  About 10.5% came from the UK.

In the descending order of volume, it was found that there were tweets from “Canada, Turkey, India, and Australia.”

TIE tweeted, “Libra tweets were most positive in the United Kingdom, but tended to be much less positive in the US and France – countries experiencing regulatory pushback.”

When the news about Libra broke out initially, the sentiment was positive; however, now it is harmful by 54.8% today.

The Shinhan Bank from South Korea is narrowing down to anonymous crypto users.  The pressure is becoming more as the Financial Action Task Force (FATF) will be requiring customer information from cryptocurrency exchanges.  South Korea will adhere in spirit to the requirements set by the FATF.  Several cryptocurrency institutions have become maniac about the cryptocurrency business.

ShinHan news reports:  “The Korean government allowed Bithumb to use NH Bank only. Therefore, we have nothing to do with Shinhan Bank, and it is not relevant to our operations.”

While it has been seen from 2019 that the cryptocurrency market has been booming, several Altcoins have gained more than 100%.  Under the attempts of dangerous development teams and the integration of improved scaling solutions, more of smart contracts will come in the Ethereum Network. The most expected are the integration of the meta-transactions.

Meta transactions are expected to function in a way plug and play operations function.  The market is changing continually, and several unforeseen inventions are happening.  As time progresses, it is for investors to keep track of the use cases.

In a recent interview Stefan Schmidt, CEO Unibright stated that some big news will be coming during the summer and that there were plans of integrating advanced smart contracts into the current infrastructure.