Regulating measures spreading from all over the internet. It looks like it's becoming a trend for governments and especially banks to push over cryptosphere. While last week Germany had some mild attempts of regulations in a liberating manner, now I see a whole bunch of aggressive moves against crypto.
Take a look at the headlines:
* Brazil regulators move to block bitcoin mining investments
* TD Bank, one of the largest bank in North America to block credit card cryptocurrency purchases
* A city in US proposed law to put 18 month moratorium on new mining operations
* Coinbase is legally required to turnover information to IRS on approximately 13000 of its customers
* 24-Year-Old Sent to Prison for Selling Bitcoin Without Asking for ID
These are one of those days when the benefits of a decentralized network are exposed.
Is it a start of crypto going back to backgrounds of localbitcoins?
Something that cannot be stopped is trying to be controlled. Governments are using their power and finding loopholes for restricting some parts of the investments because that restrictions are benefiting them.
The government cannot control the Bitcoin flow and investment but they can do a big harm in some countries to the Bitcoin investors.
Bitcoin will prevail over this attempt for control and with each obvious move from the government the Bitcoin holders are educating themselves and I don't think that the reputation of the certain authorities bringing themselves any good.