Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?
Absolutely I agree with you! Bitcoin should have a regulation in order to have a good system. Cryptocurrencies and blockchains are here to stay, so now more than ever its important governments get ahead and regulate it correctly.
From the banks point of view, this is understandable. Without tight regulation, they fear the funds could be used by criminals on the dark web or for money laundering. If they are part of that process, they could get fined or shut down. It simply isnt worth it.Thats why the solution is to regulate the exchanges. If that happens, then the big banks will open their doors, making life easier for exchanges and investors alike. The banks will win from this too, because they can stop customers drifting away to more daring competitors.