How do you guys think? Do we need regulations in the crypto world? Should only ICO be regulated or legit coins (not "security tokens") too? Can we implement regulations mechanisms in code so that corrupted governmental institutions couldn't manipulate the industry? Can we still have free market with governments' regulations across the world?
Please, share your thoughts. I'm a bit confused about what's happening right now.
I think we should make regulations especially when it comes to transactions. In crypto world many people communicate using the internet so by that we don't really know if the person we are talking to are real person or just an AI as technology are still developing so it is not impossible to be like that. In crypto world, I think the term "KYC" are used as regulations to know whether the investors are real person or not just a robot and it really makes sense.