U.S. Gov’t Shutdown is a Major Threat to the Cryptoasset Industry, 2019 & 2020 T

[Goodcat49]

The U.S government has been in a shutdown for more than a month now. So far, this is the longest shutdown in the U.S history and it’s still proceeding since the Parliament in not in position to fund Trump’s idea of constructing a wall on the Mexican border.

Several industries are paralyzed and immobile, and employees are not being paid, having to recourse to living on foodstamps.

According to a report by CCN:

“It’s almost incomprehensible to anyone living outside the land of the plenty that the majority of its population lives from paycheck to paycheck. This is still the world’s largest economy, after all.”   

   The condition also creates a very big risk for digital currencies and blockchain technology companies. The federal agencies which are responsible for virtual currency regulation such as the Commodity Futures Trading Commission (CFTC) and the U.S SEC, have set all significant developments on ice, because of the shutdown.   

While in an interview with CCN, the senior product manager at BitBounce, Nishant Jacob, that currently has more than 1.4 million users to discover how the shutdown is poignant and touching his business.   

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/us-govt-shutdown-is-major-threat-to-cryptoasset-industry/