Federal Reserve "Money And Markets" Report
Fueled Significant Crypto Price Drops
The report revealed
potential regulatory risk for
the crypto marketplace
Investors reacted with a
big selloff.
A government-backed
digital currency is portrayed
as a safe alternative to
current cryptocoins.
However, a government-
backed crypto coin would
eliminate many of the
perceived benefits of
blockchain currency.
Critics point to the potential
for regulatory pressure
against non-government
crypto projects reducing their
appeal.
...leading to a non-
competitive marketplace
where only the government-
backed digital coin is
useable.
Potential government
pressure has the potential to
minimize usage on non-
government backed
altcoins...
...and the marketplace
reacted with large price
drops which have persisted
since the report was
published.
Almost all cryptocurrency
was affected after the
report was published.
Read the review and
commentary on the report
online now.
Find Out More At
vechainzone.com