Ukraine will create a special group to regulate cryptocurrencies.
According to a statement made recently by The National Security and Defense Council of Ukraine urged the government to implement regulation.
Russia and Venezuela have both started playing around with cryptocurrencies of their own, and Russia is set to start regulating cryptos as well.
I am not sure if government oversight is a good thing for a broader adoption of crypto worldwide, or if government will ultimately hinder the growth and development of crypto. We have already seen South Korea cause a couple of different significant crashes in the cryptocurrency market, and we all know that the U.S. Federal Reserve is definitely very concerned about Bitcoin and other cryptos.
How do you think this will play out, and do you think it will be good or bad for crypto? Tell me in the comments!
To the moon,
@bwells