Post
Topic
Board Altcoin Discussion
Re: Is regulation good or bad?
by
omonuyak
on 27/07/2019, 21:16:02 UTC
We can hate regulations, but without regulations cryptocurrencies will stay at the point where are they now. If we want to pay with cryptocurrencies in our everyday lifes then we need regulations to "protect" customers.
The foundations and the major aim of crypto currency is privacy and taking this from it makes us go back to where we are coming from. Regulations which tools is KYC is against some paragraph I have read in bitcoin's white paper. It is internet transactions without third party involvement and brings regulations into cryptocurrency means the bankers and elites that create the current situation that the world financial system is facing now will still be in control.