In my view, regulation will be good for Crypto industry. As we can now see that many Govt are looking for ways to regulate the industry.
Regulation will be a good thing in the long run. It will build trust for the industry among the masses thereby resulting in mass adoption. With regulation, people will feel more comfortable and have a sense of security to invest in crypto.
I don't believe that regulation means we have to declare our portfolio. Just as nobody cares to know exactly how much you own in the bank.
Regulation will also help in curbing the possibility of using crypto to launder money and place a check and balance in ICO which will make it very difficult for scam ICOs to operate.
I say regulation will in the end be a good thing for crypto..
What's your view about it?
I think there is always a bad side and a negative side, especially for regulations which are the legal umbrella for the crypto industry. I can't describe it harshly, because the current gerulasi isn't there and in fact we will really need it to protect investors, especially ico who is a scam.
regulation can prevent ico who only makes quick money and who does not have the potential especially those that do not have the crypto characteristics themselves.