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Recently we have all witnessed constant uncertainties in cryptocurrencies with serious deep and sometimes rise in the market. More recently, after some sign of relief in the market, there is yet another bloody trend. This is usually caused by negative news coming either from haters of the decentralized blockchain option bitcoin, Steem, Ether, EOS, Elyte and other altcoins offers. Haters like top banks, government and regulatory agencies and the old generation business gurus are desperate to keep the status quo of milking the citizenry so they keep getting bigger and stronger.

In a recent development in France, as reported by C. Edward Kelso in Bitcoin news, titled "France Cracks Down on Bitcoin Derivatives". According to the news;

> AMF, France’s markets regulator, insists bitcoin derivatives are subject to the European Union’s Markets in Financial Instruments Directive (MiFID II) which trigger all manner of new rules and authorizations. In its 22 February published missive, “The AMF considers that the offer of cryptocurrency derivatives requires authorisation and that it is prohibited to advertise such offer via electronic means,” the agency argues. “The AMF has reached the conclusion that platforms which offer these products must abide by the authorisation and business conduct rules, and that these products must not be advertised via electronic means.”

> During its analysis the AMF determined “the legal qualification of the notion of “derivative” in the context of cryptocurrency derivatives and […] to consider whether a cryptocurrency could be legally regarded as an eligible underlying. The notion of “derivative” is not defined in EU legislation per se.”
Read up all from [source here](https://news.bitcoin.com/france-cracks-down-on-bitcoin-derivatives/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications)

Recall few weeks ago when Facebook introduced a ban on cryptocurrency adverts. They seem to take this ban seriously as many posts I made about cryptocurrency and the steem superior blockchain with its proposed SMT's was rudely removed with no explanation. I wonder why, since it is not a paid advert but rather few lines I shared in my facebook group. This goes to show the deep hatred and fear of decentralized blockchain from haters like Facebook, Instagram and government regulatory agencies who does not want folks to be free from servitude.

The good news is cryptocurrency success is not determined by the likes of  government regulatory agencies, Facebook and big banking corporations but people. Yes, You and I that makes up the larger community. This is why plans by fuders in South Korea and China failed because of the strong community backing. This is why the market is always rebounding after a deep.

Furthermore, it should be noted that cryptocurrency is not for kids with free money with no experience of market dynamics but for experienced folks who understand the volatility of such a market space.  More so, be advised that what you invest should be what you may be ready to forget for some time so you do not keep panic selling if it is borrowed funds. Best option is for Hodlers.

Interestingly, Steem ecosystem with its superior blockchain technology offers the best option to start since you can join for free and grow using your good content by bloging in steemit and earning steem and sbd which are becoming one of the best cryptocurrencies out there. 

So keep steeming hot and never fall for Fuders. Remember to always power up steem as it comes with the best security. See my former post on security issues and why steem is best.

Do you agree that cryptocurrency is here to stay against all odds and not for babies with no understanding of the disruptive technology?

Send in your comments, resteem and follow for more and please kindly give me an upvote to show support.

See also

[Cryptocurrency under threat with activities of Thieves & why Steem is the safest option to Invest in.](https://steemit.com/security/@kenhudoy/cryptocurrency-under-threat-with-activities-of-thieves-and-why-steem-is-the-safest-option-to-invest-in)


Vital info

> Elyte Weekly announcement (4)
Marketing: Good news: We signed a partnership agreement with a cryptocurrency marketing agency: Crypto Galeon (Galeon Group) LLC. They will manage our strategic and digital marketing needs which involve website optimization, social media optimization, professional website video, press release articles, online advertisement, exchanges and CMC listing-therefore expect positive results in the near future.
Team members: Our former marketing team members (Roy and Stefan) have left the management team in order to spend more time with their family and current job requirments. We thank them for their good job and wish them more success in the future.
Bounty: We paid bounty winners last weekend (please comment on our telegram page if you followed rules especially rule number 7 and got some elyte tokens)
Competition: Our competition is open- feel free to share this form and Join our Elyte 1st Social Media Video Competition via this link : https://docs.google.com/forms/d/e/1FAIpQLSdOtRSqVYV48sIghmNUGG_pUNtoc-AneaDUzN8YBZhDPGPIzw/viewform
White List / Crowdsale: Our crowdsale is still open for those who want large quantities at good price. Take up the opportunity of cheap Eth now to change some fiat and buy cheap elyte tokens now before it is too late (see link https://main.elyte.biz/?page_id=433 ). Moreover, if you own 1K+ Elyte, then contact Ken Hudoy via our telegram see link https://t.me/joinchat/E6tXj0dThqzzjVlWJRuxLw in order for you to join Elyte special holders group where they have special surprise for all top holders.
We are Hiring: We are hiring apps and blockchain developers–pls see career section of our website for job openings https://main.elyte.biz/?page_id=169 and feel free to contact us via telegram.
On behalf of Elyte team, I wish you all a blessed week.