Regulation of cryptocurrencies likely to tighten
US wants to ensure that they are not used for illicit activities
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London
CRYPTOCURRENCIES are likely to remain in the world's financial landscape, albeit under a regulated regime.
Since March last year, the market capitalisation of Bitcoin and altcoins (alternative cryptocurrencies) has surged to US$557 billion, according to calculations by data provider Coincap. At its peak in early January, the market capitalisation was US$820 billion. Several long-time Bitcoin and altcoin players believe that the market is bearish. But they are monitoring prices and intend buying again when they guestimate the bottom.
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