Last year when bitcoin was on a bull run, there were multiple countries going for ban or regulating it however as we have hit a bear market which may last a few months or another year, isn't it suspicious that all those regulating agencies which were so called protector of the financial interests of their people have stopped bashing crypto for now.
Why it always gains steam in a bull market but come bear market and they creep back in their holes? Are they the ones which are busy accumulating now ?
Because for me those noisy regulators are quiet now because most of the countries are done regulating Bitcoin that most of them already declared it a legal or they have already decided to support this investment so it is natural that the noise will be reduced too. Then only few countries are remaining actively regulating because some are still in doubt and some are still in regulating process.