Quote from: staywoke081 on March 03, 2018, 04:54:43 PM

Quote from: anapodrimaj on March 02, 2018, 01:42:48 PM

"A better path would be to regulate elements of the crypto-asset ecosystem to combat illicit activities, promote market integrity, and protect the safety and soundness of the financial system," he said.

Epic quote, it is like the US dollar and other fiat currencies are never used for illegal activites Shocked

. Oh and lets protect the "soundness" of the current financial system, wow what meth have you been smoking? There is nothing sound about excluding 5 billion people. There is nothing sound about running KYC and AML for no reason other than leaving oneself open to a potential hack later. Please give me a break, the current financial system has failed most if not all of us we needed a shakeup.

KYC and AML measures are fairly understandable and a step forward for cryptocurrencies, provided you are looking at it from an investors point of view instead of an idealistic point of view.

When there are better regulations in place more and more people will invest in cryptocurrencies as they can trust it much more.

Right now people are too put off by the stories of scams and such.