Greece Welcomes Crypto

The crypto market might be in its coldest winter yet but it won't be buried in ice forever, despite a 6 month hardship and billions of dollars wiped from the economy more and more companies are still progressing through the storm in hopes of reaching far beyond the winters cold, frozen grasp.

Although my heading speaks to the beautiful Greek Islands and a European wonderland it's actually Cyprus that has given the Green light for the approval to have Crypto currency traded.

Cyprus' close proximity to Greece and it's cultural links including membership to the European Union speaks volumes to the potential for the move to further include Greece in the not too distant future.

The Cyprus SEC recently provided approval for Crypto.com to offer Crypto services to the small island nation.

Crypto.com has been moving aggressively across Europe with even getting approval to offer products and services in Italy, Singapore and Dubai and...... Greece. Yes my heading was correct and this blog has taken a different style of writing because while we all had been complaining about the current Crypto Winter, no one saw Crypto.com dominating in Europe and receiving approval to trade, sell and provide services to many nations.

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More institutionals fall

It has been a rocking firs half a year with the market completely operating in a free market style with many crypto businesses being reduced to rubble in a capitalistic dog eat dog world.

Even Coinbase dropped more than 11% however, the exchange has been around for some time so it is probably safe enough to withstand a number of volatile years. As it solely focuses on gaining a commission per each sale and not providing lending as many of the other platforms did it will most likely recover and continue in the next run.

Future outlook

Over the past few years we watched as China and the US battled for dominance over Bitcoin until China completely exited the decentralised world opting for their own digital currency. Now their push for economic control has allegedly led to the military taking control of peoples personal funds.

The US has continued to drive the Crypto economy and rapidly advancing technology along side and now Europe is joining the table. As one of the most populated places on the planet the more European nations that enlist further increases the economic footprint of the decentralised world.

These are the days that are making tomorrow.

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