Alas, the viability of bitcoin and
other crypto assets does not depend on whether they are in a bubble state or not.
Alas, the viability of bitcoin and
other crypto assets does not depend on whether they are in a bubble state or not.
Not exact matches
The Nigerian ban unfortunately merely leaves the use of
crypto currencies in even cross border transactions involving physical
assets based in Nigeria (for example real estate) outside the purview of Nigerian money laundering laws, the reporting and
other conditions that enable scrutiny of transactions
done with traditional currencies.
«While the softer prices of
crypto assets do create a more difficult environment for investors, I
do not think it will pause the influx of funds and
other financial institutions building products in the space... It would take the extreme case of the entire space contracting by 80 percent and high regulation before the flow of funds turns around.»
However, many
crypto purists
do not consider XRP to be in the same functional
asset class as bitcoin, Ethereum and
others.
Being the future of currency and being a very profitable
asset as it is the case with Bitcoin, Litecoin and many
others, with Bitcoin on track to hit a new all - time high of $ 19,000, there should be a way the investors and holders
do store their
crypto wealth.
The IRS doesn't currently impose the same third - party reporting requirements on
crypto exchanges like they
do on
other assets like stocks, bonds and mutual funds.
«According to the research, all officials have [a total of] 21,128 bitcoins,» RBC reported, emphasizing that this number is only an estimate and
does not include altcoins or
other crypto assets declared in hryvnia.