The Crypto Weekly – August 2nd, 2019

<US is spearheading regulations on digital assets>

Two important events were held this week in the US. The Bitfinex-Tether related hearing and the US Committee on Banking, Housing and Urban Affairs hearing on digital currency and blockchain regulations. The US is spearheading regulations on digital assets to drive international standards for the blockchain industry. The expected effects of this are 1) Imposition of Taxes; 2) Reinforced regulations on exchanges and on Bitcoin ETFs, And 3) Growing demand for mining among anti-US countries.

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