Bitcoin is knocking on 9k. However, it’s regulations and proposed governments crackdowns that have dominated the cryptosphere this week. From a possible ban on ‘public’ blockchains in Russia, to a wholesale ban in India, to repressive FinCEN ( Financial Crimes Enforcement Network) KYC recommendations on crypto transactions over $1000, the news surrounding crypto regulations has been decidedly negative. None of this has come to pass but there’s little doubt regulatory headwinds are on the near horizon.
On a brighter note, Facebook looks set to announce details of it’s ‘Libra’ coin next week. While I’ve absolutely no interest in a centralized, corporate
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