A World in Need of Crypto Regulation to Prevent Financial Meltdown
By: FIAT Exchange
Based on a recent and very informative post from the Oxford University of Law (https://www.law.ox.ac.uk/
The said study specifically examined all cryptocurrency trade volumes between the 1st of January up until the 11th of March this year. What they found out was that the top 100 cryptocurrencies actually increased significantly along with the number of reported COVID-19 cases. Crazy coincidence?!
This occurrence can simply be explained in that due to the decentralization of crypto transactions, not having to rely on any central authority is not always in the best interest of the economy as a whole since investors tend to move their capital into crypto when they lose their trust in governments and banks in order to secure their funds, thereby taking away the only lifeline the country has to get back on its feet.
Stay updated with our latest news: