Crypto Ban Dem Seize Money: China Torment Bitcoin and Di World Most Wicked Market For Traders.
One big report don show say China and plenty other countries don become places wey nor dey too good for people wey dey trade and invest for cryptocurrency. China especially, don put heavy ban on top crypto trading and mining, and this one show well well wen dem recent seize 15,000 Bitcoin – wey cost around $1.4 billion – by the goment people there. Even with the ban, Chinese authorities still dey sell off the digital money dem seize to add to their goment money, wey show say their rule nor dey consistent and expose some small small corner wey fit cause korruption. This one different from wetin the law talk strictly, as the courts dey see thousands of money laundering cases wey link to crypto. At the same time, other countries like Turkmenistan, Nepal, Afghanistan, Iraq, Burundi, Algeria, Tunisia, Qatar, Egypt, Morocco, and the Republic of the Congo don all put full ban or strong rules, dem dey always talk say na for security, financial crime, or because of Islamic law. Traders for these markets dey risk big fine, go prison, or make dem seize their property, and dem face plenty watch and small law protection. Na important thing to note say Morocco dey think about new rules, but crypto still dey banned for now. This wahala wey dey increase for goment rules around the world and no clear way forward dey make things risky and unsure for people wey dey do crypto, wey dey reduce how market people trust am and how e fit grow. Dem advise crypto traders make dem check well well wetin dey happen with rules for these places wey things dey change fast.
Bearish
Di combined tori about plenty plenty ban, seizing of plenty property—including China wey sell off $1.4B worth of Bitcoin—and as plenty government dey make rules tight tight, all dis show say the place where pesin go trade crypto currency no good at all. Dis things dey make everything shakey, reduce the money wey dey available for trade for the markets wey dem affect, and e fit make pipu comot dia money or make dem no too wan digital assets again because of the way government fit catch dem or make new laws. As dem dey give fine, send pipu go prison, and seize dia property, e dey make traders mind comot for the market and make dem no get joy say the market go stable, especially for short and medium time. The way crypto-related crime dey plenty and as clear clear rules no dey, e dey make pipu fear say government fit sudden attack or market fit spoil anyhow. Even though pipu for other places dey accept crypto well well, the big ban wey dey happen for big big markets like China dey put bad bad pressure on Bitcoin and the whole crypto world.