source: https://pixabay.com/en/entrepreneur-idea-competence-vision-1340649/
It seems that any announcement or threat of regulation typically causes the market to take a downturn, but now as governments announce initiatives to bring forth these regulations, the markets react positively to that news. It leads me to believe that the world is rather divided on the direction of digital assets. While the most die-hard enthusiasts are without a doubt crypto-anarchists, who prize the anonymity these assets offer, the rest of the world seems to want transparency and regulation. That tells me that some privacy coins will probably maintain value, and potentially grow over time, but will have liquidity issues for exchanging into other assets. Unfortunately, it seems that the exchanges will have to cooperate with the different jurisdictions in order to survive, and that leads me to suspect that established financial institutions will have a lot to say about which particular assets maintain market-share over the longer-term perspective of years to come.
PS. Discussion Suggestion: the US Tax Implications of Atomic Swaps
