A Major Breakthrough For Cryptocurrency Mining!
One Company could be on the bleeding edge of a game changing business model that could revolutionize the entire industry.
India Fights Against Cryptocurrency
India has stated that they will not treat cryptocurrency as though it is a legal form of currency in the coming years. The country has also stated that they will attempt to stop the use of cryptocurrency for everything from money transferring to payments. This is not something that is unexpected, given that the country recently sent out a wide variety of tax notices to those who were involved in the crypto world. After realizing that the industry was evading around $315 million worth of trading and their subsequent taxes, the country realized that it had to do something.
Blackrock Continues to Think About Cryptocurrency
Blackrock has not yet stated that they have any express interest in making products for the cryptocurrency industry, but they have stated that the market has a lot of potential in the near future. The chief multi-asset strategist at Blackrock stated that they are keeping cryptocurrency close to them but there are a few issues regarding safety, liquidity and the looming threat of regulation. He stated that “this is a very new thing, and to us at this stage, this is not an investable asset class. We’re not advising anyone to put money in it.”