A whole set of regulatory measures in action

[uzair]

Regulating measures spreading from all over the internet. It looks like it's becoming a trend for governments and especially banks to push over cryptosphere. While last week Germany had some mild attempts of regulations in a liberating manner, now I see a whole bunch of aggressive moves against crypto.

Take a look at the headlines:

* Brazil regulators move to block bitcoin mining investments
* TD bank, one of the largest bank in North america to block credit card cryptocurrency purchases
* A city in US proposed law to put 18 month moratorium on new mining operations
* Coinbase is legally required to turnover information to IRS on approximately 13000 of its customers
* 24-Year-Old Sent to Prison for Selling Bitcoin Without Asking for ID

These are one of those days when the benefits of a decentralized network are exposed.

Is it a start of crypto going back to backgrounds of localbitcoins?

[Speaker]

Now everyone wants to keep the cryptocurrency.This is disadvantageous to States and banks.Many people do not pay taxes on income from cryptocurrencies, many countries bypass sanctions with the help of cryptocurrencies.The more often cryptocurrency will be used-the more it will be banned.