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RE: Bitcoin: Just a retest or start of a larger correction?
Too bad they will probably use BitPay so users will have to pay approx 1.5x the tx fees - since BitPay now passes the network fee that they pay for consolidating payments into a single input on to users. How many people would actually make use of this if they have to pay something like $5 in fees to make a payment - although I would hardly be surprised if the markets disregarded that detail.
The fact that the Moscow Stock Exchange is rolling out infrastructure to allow trading of cryptocurrencies (although it looks like they will be limiting participation to accredited investors) is this weeks HUGE news IMO.
I'm not sure Moscows love affair with crypto is a good thing for people in the west ... if Russia is seen to be attempting to bypass western sanctions through cryptocurrency, western governments could well try to outlaw it ... What I'd really like to see is a small Western nation less heavily regulated than the US ie NZ or Aus, dive in and launch an ETF