What lies ahead for crypto trading
What started off being categorised as a “bubble” by many traditional finance experts has now grown into a full-fledged economy with millions of investors placing their trust in the Bitcoin market and businesses exploring new ways to integrate digital currencies with their platforms. The fact that many experts from well established financial firms like Goldman Sachs, JP Morgan etc. are shifting to crypto start-ups, speaks volumes about the future of cryptocurrencies. Business owners are getting benefits from ease of payments, fewer transaction charges and transparency of the digital coins. Exchanges, Trading platform, ICOs etc. are flooding the global market with the new set of possibilities. However, there still remain a few roadblocks in terms of regulatory actions and crackdown by the governments.
Countries across the globe have different takes on the Bitcoin market. Some of the countries like Dubai, South Africa, Russia etc. have a progressive approach while others like China, India, US are issuing warnings to the crypto investors of a possible crackdown in the future. The crypto users are anxiously waiting for clear regulatory guidelines from the central authorities on Taxes, Mining and ICOs.
There is no denying to the fact that the crypto solutions are transparent and fast. But, the incidents of hacking and Bitcoin theft do not project these as a secure way of accumulating wealth. The new coins with exceptional concepts will continue to add to the existing technology and boost the business processes but the clarity on regulatory guidelines by the government can radically change what future holds for cryptocurrencies.
