Fear of Regulation in the United States and Japan!
The FUD:
In the US, the Securities and Exchanges Commission (SEC) ruled that all crypto exchanges will be required to register; while Japan began a crackdown on the crypto exchanges, banning two of them and slapping notices and fines on several others.
The reality:
While, the SEC's statement may have triggered fears of further regulation among bitcoin traders, nothing the SEC has demanded is new policy, rather these are existing regulations that it is trying to fit to the as-yet-undefined crypto market.
In fact, regulation of exchanges is a good thing - it will help separate the wheat from the chaff when it comes to exchanges. It will protect the legitimate exchanges from being linked to the scams or Ponzi schemes running wild in the crypto world.
Similarly, in Japan - where bitcoin is identified as a legal tender, and crypto exchanges are regulated - the regulator - Financial Services Agency (FSA) - is simply ensuring the safety of the exchange's customers. The FSA suspended the businesses of two crypto exchanges for 1 month, and mandated them and four others to improve security measures.
Main Two Terms special to the cryptocurrency word:
FUD:- Fear Uncertainty Doubt creating news to scare investors or pull the price down
HODL:- Hold on for Dear Life...investors who buy and hold cryptocurrencies and have seen massive increase in prices over the last 1 year.
