And BOOM, just like I said a few days ago, Litecoin added another decimal place. Down nearly 40% from a week ago against Bitcoin when everyone was foaming at the mouth and screaming: REBOUND!
Cannot keep up or even stay at the Same level as Bitcoin.
Negative Correlation.
Can you people understand that term yet?
Most litecoin holders are primarily invested in Bitcoin with a small portion in litecoin, are you looking at it simply as an either or situation?
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● What is Coin Validation?
Coin Validation is an online platform that integrates directly with Bitcoin money service providers and helps them with AML and KYC policy and tools. Coin Validation “validates” Bitcoin businesses and helps them achieve US regulatory compliance on both State and Federal levels.
● How does it impact me?
Coin Validation provides a means for Bitcoin businesses to operate legally within US regulated markets. If you are a Bitcoin user and would like to interface with companies operating in this space, Coin Validation helps enable the process.
● Will I need to register for Coin Validation separately?
No. Coin Validation works directly with Bitcoin businesses and does not add any additional hoops for Bitcoin users to jump through.
I'm really no expert on coin validation, black,red listed coins etc.etc. etc but the question here is how it effects litecoin? Well it doesn't at all does it? It's a company that wants to work with US regulators to track clean coins to help businesses in the US comply with US regulation. So I'm a litecoin user in the Uk how am I affected ? Geographically litecoin could find its foothold in Russia,china, India, africa etc. etc leaving Bitcoin and the bitcoin foundation plus coin validation to the US where it's tailored to suit tight US regulation on KYC/AML.
I hope Litecoin just stays out of US and operates elswhere. Thats pretty bad news for BTC