The rapid expansion of the price Bitcoin and l & # 39; 39, consumer adoption at the end of last year seemed to accompany increased surveillance and reflection by government regulators in early 2018.

It became a battle for some, a learning lesson for others and a chance to embrace for the rest as different nations tackle crypto-currencies. like ICOs and Blockchain technology, differently.

Many countries are still sitting on the fence, waiting to see how crypto-currencies, and in particular Blockchain, can be used and implemented in their laws and regulations. , continued with a hard and hard approach. China has decided to cancel the cryptocurrency in three stages, first banning the ICOs and then trading, and finally blocking the foreign crypto-currency sites of its citizens with a massive firewall for try to nail the coffin.

Ronnie Moas, a famous stock manager who has become a champion of cryptocurrencies, says the regulation of fear and damage makes Bitcoin's strength and price "just noise".

One-eyed approach

Moas, wearing a blindfold because of a diagnosis of Bell's palsy, a treatable condition that causes weakness temporary or paralysis of facial muscles, spoke to Cointelegraph the effect that hardline regulation will have on cryptocurrency.

"I do not pay too much attention to these [regulations]it's just noise in my case, unless China, Russia, the United States and South Korea does not issue an explosive joint statement the same day, I would not pay too much attention to that. "Bitcoin is not going anywhere," said Moas: "There is an impressive imbalance between demand and supply and I think that will raise the price to $ 50,000 or $ 100,000 over the next few years, regulation or not. "Value Surplus of the Chinese Market:

" If China forbids the Bitcoin, 190 countries around the world are more than happy to buy everything they sell.If China empties Bitcoin on the market, it will go on sale, and people will pick it up in a fire sale, I'm not worried about it Look what happened two weeks ago, something dropped Bitcoin to $ 6,000 and look where he is now, over $ 11,000; 80 percent in two weeks. You just have to ignore all the noise.

Indeed, Bitcoin has repeatedly shown that it can bounce back from damaging news, including false news and FUD.In February, there was confusion around of a possible trade ban in South Korea, which saw the fall of Bitcoin prices, but it overcame this obstacle.In addition, there was even a misinterpretation of an Indian budget speech on a Bitcoin ban in this country that affected the price, and yet, Bitcoin showed enough resilience to bounce back.

However, in China, there has been news emanating from as high as the Communist Party Congress that Bitcoin will not be tolerated in the People's Republic.However, on the ground, have their prohibitions and regulations been effective? The most recent decision to ban access foreign Bitcoin sites and exchanges gave a glimpse behind the Iron Curtain on the war that was going on. China was already struggling to inflict a deadly blow by cracking down on Chinese trade, but it was revealed that it was totally losing the war. In the opinion of Moas, it will be the calmest heads that will prevail:

"There will be regulation, but it will be for the marginal elements in the arena. I do not think it will have any impact on the main exchanges, I do not think it will have an impact on Bitcoin or Ripple, or Cardano, I think people are doing too much. names are scams, names of pumps, pumps and discharges of low quality, high risk, because 95% of the market capitalization is concentrated in the top 20 and that

of The other side of the Iron Curtain

Looking from the outside on a place like China, one has to wonder if the government has succeeded in eliminating Bitcoin with its strict rules. is on the rise, the general feeling is that the cryptocurrency space is good, and technology conti So, what is happening in China, or to be more exact, what are the Chinese companies Bitcoiners and Bitcoin among the regulations?

Huobi, one of the largest cryptocurrency exchanges founded in China, is a Bitcoin company that has been permanently affected by regulation in China but is currently taking over. other provisions. Herbert Sim, a member of Huobi's digital marketing team, spoke to Cointelegraph about how the company had to deal with the crackdown. "Huobi Global's main operations are currently out of Singapore, with its other offices around the world in major cities like Hong Kong, Korea, Japan and more recently in San Francisco," he said. operate directly from Mainland China:

"Cryptocurrency is an entirely new industry, which governments around the world are experimenting with and trying to govern with policies in place. as they are in the process of this experimentation, it also belongs to the cryptocurrency exchanges themselves to self-regulate it first. "

Essentially, Huobi was able to to roll with the punches in terms of the Chinese government's rules, and instead of fighting for not being controlled, they seek to impose their own security checks and regulations to make them more appetizing to rigid regulators. "Robin Zhu, chief operating officer of Huobi, added:

" We took the initiative to launch safety initiatives and user protection, such as the & # 39; User Protection Fund & # 39; and the & # 39; Security Reserve & # 39 ;; and a first exchange of autonomous tokens lists in the world, HADAX; and the increase of our customer service staff to more than 250 people, across multiple time zones and multilingual support. "

So, it seems that in the case of Huobi at least, Chinese repression They did not delay their work because they pushed beyond the walls of the People's Republic , and Sim adds, "Our customer base has continued to grow at an exponential rate.Our database of users in China still accesses it normally because we are an international and international brand. "

Regulation is needed

It can not be denied that regulation must come in the cryptocurrency space. It has come to a point where it is too big to ignore and needs to integrate into the global society, and the rules that are already in place as parameters. Many countries are excited and eager to see what cryptocurrencies can bring, with only a few who are really trying to eradicate it. But for those who believe they can eradicate it, it seems that this path is difficult and imprudent. Bitcoin is pretty global and has required enough that people do either a way to get there or they are stuck, or those who are not stuck will happily take over.