Bear sentiments continue but…
Despite bearish sentiments, there are a number of positive regulatory moves happening in the cryptocurrency market right now, especially stateside. Diar Newsletter recently reported that the amount that government agencies paid to blockchain analysis companies has more than tripled in 2018, while VC investment in the digital asset space is up around 280 percent this year.
Meanwhile, Google has reversed its ban on crypto ads, indicating a further change in sentiment. While there may be a weakness in the markets, the tech is growing full force, and with governments backing innovation and media giants getting back in the game, the industry is only getting stronger, not weaker. Here’s a look at global regulation as of October 2018:
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