The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines. On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article. Accordingly, the 7% downside move in Bitcoin (CCC: BTC-USD) may not be that unsurprising to investors.Investors should also note that Hong Kong shared its intention to prohibit retail investors from engaging in crypto trading.This is yet another move crypto investors view as a regulatory burden. Treasury has been clamping down on cryptocurrencies of late. This proposal requires business-related crypto transactions over $10,000 to be reported to the IRS. Treasury Department announced a proposal yesterday that has been unfavorable to crypto investors. With China recently backing its initial decision, it appears investors are pricing in more selling pressure right now. Yesterday’s incredible see-sawing of crypto prices reflects just how volatile these assets can be in such an environment.And given the size and importance of China on the global cryptocurrency system, this move has been amplified. However, as we’ve seen in previous situations, when the ability to trade specific assets is limited, investors have a tendency to want to get out of whatever trade they’re in. Given the breaking news element of this evolving story, I expect we’ll see more details arise in the coming days.Individuals can still invest in crypto, but trading these digital currencies may be a little more tricky following this legislation. As InvestorPlace Assistant News Writer Brenden Rearick explained, this ban only applies to financial institutions. China recently banned financial institutions from providing crypto-related services. WhatsApp is free and offers simple, secure, reliable messaging and calling, available on phones all over the world. Indeed, China has recently announced its intention to do just that. WhatsApp Messenger: More than 2 billion people in over 180 countries use WhatsApp to stay in touch with friends and family, anytime and anywhere. One of the biggest fears of crypto investors is that their decentralized assets could become regulated.
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