At the moment there is kind of flood of scam projects and exchanges and wallets hacking news. All these situations are creating nothing but loss of investor's money. For not having regulations, there is no authority to check the upcoming projects legit. With regulations not only investors confidence will increase in crypto market but will definitely attract new investors which will help increasing the entire market capitalization.
What are your thoughts on regulation topic and when to do think its possible to apply? will there be any negative effects to the market as well?
It is very easy to use the world regulation, but every time I hear regulation, it comes to my mind that what exactly do we want from the regulation. We want government to just set up an authority that will guide against scamming when government themselves are not in the loop.
For us to be able to get involvement of authority in this, government must legalized cryptocurrency and the only thing that will make them legalize cryptocurrency is when they are able to control it which you and I know that it will not be possible so long we too sticks to using decentralized coins, except we want them to create a centralized payment system, which is far from the vision of cryptocurrency.