Why has Matcha been taken off the shelf? (Why can’t Matcha be sold?)

Why has Matcha been taken off the shelf? Why has Matcha been taken off the shelf?

On July 8th, well-known cryptocurrency blogger “Bitcoin Guru” Mark Karpeles stated on Weibo, “We have started to liquidate all cryptocurrencies.” There are two reasons behind this statement: firstly, the recent market downturn and the lack of interest from domestic users in digital currency investment. secondly, the stringent regulatory environment has led to low market liquidity, coupled with insufficient funds and poor performance of trading platforms, resulting in a very serious bubble phase in the entire industry, making it difficult for everyone to have confidence in the project. Ultimately, many project teams are preparing to launch their own products in order to raise funds, but they have not truly innovated or implemented their business, hence they have been forced to make an “exit plan for the bear market”. Of course, there must be some reasoning behind this approach.

Why can’t Matcha be sold?

Editor’s Note: This article is from BlockBeats (ID:0x26c4f), authorized to be reprinted by Odaily Star Daily.

Why can’t Matcha be sold? During the “bear market” last year, there were frequent incidents of exchange theft, “hacker intrusion,” “runaways and Ponzi schemes,” and various illegal fundraising activities… But the reality is like this. This time, the “grey industry” has become active again – they are raising funds through ICOs, but this time they cannot raise money like before, nor can the project teams raise money.

So, here’s the question: Besides Bitcoin, is there any other virtual currency that can be traded for Matcha?

Firstly, we all know that Matcha does not allow the buying and selling of any digital assets; secondly, it cannot price Bitcoin or engage in any other derivatives trading; thirdly, it can only be used as an investment target; and finally, and most importantly, it is completely controlled by the users themselves because no one can control your risk. (Image source: Internet)