A good discussion is on the way, and it is very encouraging for cryptocurrency. Since the last week, there has been discussion about cryptocurrency regulation, and laws and terms will be imposed this year. This is very optimistic, and the regulations will act as an umbrella over the cryptocurrency, protecting it from further decline.

WHAT WILL HAPPEN IF CRYPTOCURRENCY IS REGULATED?

There are many issues to debate regarding these regulations, and some crypto companies will undoubtedly benefit while others will fail. Some altcoins will soar into the sky, while others will vanish from the crypto world. However, overall regulations indicate that governments are accepting cryptocurrency as a reality.

According to the news and my source materials, all altcoins will be legalised except Bitcoin. The government will undoubtedly impose some rules and terms; there may be discussions about crypto company taxes, trading terms, users who hold altcoins, and many other laws that will be implemented. While some businesses will accept what is in their best interests, many will be disappointed.

But in any case, how regularisation affects cryptocurrencies will depend on time. Companies with a good reputation and solid financial standing won't have much trouble pushing their coin prices up, and Bitcoin in particular will soar to new heights. The predictions that the price of BTC may increase to over $200K are quite accurate, and I am also observing the same pattern.

CRYPTO REGULARIZATION'S PURPOSE

There are several reasons for the recent announcement of cryptocurrency regulations. As we all know, cryptocurrency has grown in popularity and is expanding on a daily basis. The reality of cryptocurrency is being recognised by governments and other organisations. Even large corporations are turning to cryptocurrency and blockchain technology for assistance.

The first and foremost reason for crypto regulation is the global expansion of crypto technology. They are compelled to regularise it because if they do not, it will continue to grow and cause problems for the government and central banks. They are attempting to capitalise on the most favourable regulatory environment, which is currently in place and very welcoming.

Another reason the US government and other leaders are discussing Crypto regulations is the global spread of crime. Many crimes are being committed around the world using cryptocurrency, which must be stopped. This is yet another good reason for the regulations. Other governments will legalise the use of cryptocurrency to buy and sell goods.

CRYPTO REGULATIONS AND THE BENEFITS FOR HIVE

Regulations will undoubtedly have an impact on cryptocurrencies, either positively or negatively. What about HIVE? It is a strong decentralised platform that is not governed by a single company or group of people, but it has been running over the witnesses, which is less risky. HIVE has nothing to do with crypto regularisation, and the platform has its own governance.

The only thing that confuses me is whether or not HBD is affected by US regulations. If it is not impacted, there is no doubt that in the WEB 3.0 era, HIVE and the ecosystem will rule the world. We will see hive prices skyrocket, possibly exceeding $10.

This is an attempt on my part to share my thoughts and gathered information about Cryptocurrency regulations. I may be mistaken on some points, for which I apologise and will be grateful if you correct me. I hope you enjoy the post and the read; if you do, please leave a review in the comment section so that the next post will be even better. Thank you for sticking with me until the end.

IMAGES AND GIF TAKEN FROM CANVA, EDITED IN CANVA

SOURCE
SOURCE

REMEMBER: We should prepare for the unexpected and hope for the best. Life may not be easy, but you must do your best and leave the rest to God.

Posted Using LeoFinance ^Beta