Game of Exchanges: Self-regulation as Self-defense

in #crypto6 years ago

18af54be6d.jpg
The South Korean government’s decision earlier this year to put the brakes on a proposed crypto-crackdown has completely shaken up the industry. After a spate of crypto mania that gripped the entire country late last year came a crash – with many blaming the government’s anti-crypto stance. Public outcry followed, and the government eventually backed down.

However, since then, the ruling administration has found bigger fish to fry: such as brokering peace talks between North Korea and the United States, a major online opinion-rigging scandal, rising air pollution and a rapidly falling birthrate. The cryptocurrency industry has been left, for want of a better term, to fend for itself.

Despite some good early-year momentum, the country’s exchange platforms have endured a torrid past few months. Market leader Bithumb’s disastrous attempt to list Popchain – a token detractors claim is a “monopoly” – led to national outcry.

Sort:  

Hi, thank you for contributing to Steemit!

I upvoted and followed you; follow back and we can help each other succeed :)

P.S.: My Recent Post

Coin Marketplace

STEEM 0.22
TRX 0.20
JST 0.034
BTC 98765.99
ETH 3313.55
USDT 1.00
SBD 3.07