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RE: BREAKING: (IJCH) Philippine SEC not messing with Crypto ETFs; instead, pushes forward towards regulating (legitimizing) Cryptocurrency Exchanges as Bona Fide Trading Platforms!

in #cryptocurrency • 6 years ago

What's in it for them? I am of the opinion that Government / Corporations or whoever is on power do not turn blind eye for nothing, but I may be wrong.

6 years ago in #cryptocurrency by
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     6 years ago 

    Cryptocurrency is here to stay and governments know it.

    And whatever stance individual governments take is not based on lofty ideologies or technological phobias.

    The position a nation takes on the Bitcoin issue is based solely on the presence (or absence) of sufficient economic resources to technologically compete.

    Follow the money and you'll see how any nation will squeeze as much social currency from the Bitcoin controversy; hence, revealing the political posture they've decided to be in their best interests.

    See:

    https://steemit.com/cryptocurrency/@jaichai/ijch-revisiting-government-policy-and-bitcoin-the-motives-behind-the-rhetoric

    Thanks for visiting and commenting.

    Namaste, JaiChai

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