Elina Sidorenko revealed the reasons for the summer growth of cryptocurrencies
HOW TO DYOR: My Crypto Research Methods Revealed!! 🤓
In an interview with the NTV channel, Elina Sidorenko talked about why crypto users can observe the rise of the market today. Unlike classic financial instruments, the summer for digital coins is not «dead» period, but rather the opposite, the expert believes.
Growth opportunities were supplemented by some stabilization of the position of cryptocurrencies in the market. In addition, the path for growth was opened with the postponement of the FATF report, which was aimed at making decisions on tightening the requirements for working with digital money. The report has been postponed until November. The G20 report was also postponed to autumn.
Elina Sidorenko also noted that the outflow of low-skilled investors, who had previously invested in cryptocurrency and were not ready for its high volatility, continues. A similar position was named to her «thinning rows». Speaking about future prospects on the part of regulators, it was noted that most countries have chosen an exclusively observant position, which they adhere to, in an attempt to bypass hasty rash decisions..
The topic of money laundering through cryptocurrencies was touched upon. According to Sidorenko, such risks remain. An example of this is the situation in Japan — in connection with the fairly quickly adopted decisions on the withdrawal of digital coins to the first echelon of means of payment, the government lost control over them. This situation is actively used by malefactors, including the world-famous Yakuza mafia..
Earlier, we wrote about why the President of Russia believes that cryptocurrency cannot be national.
text: Evgeniya Likhodey, photo: NTV screen