Although nothing much has actually taken effect
on the ground as of now, once the
regulations come into effect, investors in all probability will begin to shift their investments to the other popular
cryptocurrencies, such as ethereum, litecoin,
ripple, stellar and dash.
The price falls of bitcoin and other major
cryptocurrencies — like ethereum, litecoin and
ripple — have been attributed to a variety of factors, including news reports in South Korea and China about increased government
regulation on exchanges, as well as the closure of the popular crypto platform Bitconnect.