If regulation never come anytime sooner can we protect ourselves? how can we protect ourselves from crypto monsters hiding in disguise, especially bounty projects coming into crypto space with full force, any ideas ? I know many are going to say we should do better research before promoting projects, is there any strict blows we can give these monsters by ourselves ?
Regulations will be on the long time processing and this can be sort out in the near future. Projects are keep spawning the market and we can see the effect of it as volatile keeps spreading. Ive been here for a long time, its not bad so far actually cause before there are more than a lot of projects doesn't even got listed and no liquidity but now it improving. I just hate that too many projects are keep starting though they dont have any use case or real application.
We should not expect a lot from the regulation to be created for crypto especially, We have seen how difficult for some big service related to the bitcoin trade contract like ETF to apply the license to the regulators.
Remember crypto is a decentralized and that means if we can build self-regulation and why do we need to see the regulation for crypto must be issued by the lawmaker as soon as possible?
Some people may argue if this will be related to the adoption from the institutional and public but remember to create a regulation for a new thing needs a lot of time.
We have seen some countries have been working with the regulation that will be applied for crypto but remember each country has a different level and perspective of regulation.
You can still protect yourself from the scammers or any criminals as long as you are only following the trusted services like IEO that has already made by big exchange site to avoid the ICO scammer. The problem is how we can create more awareness and education for newcomers because of the newcomers just like gold that will help the adoption of crypto.