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?
Regulation makes the community more secured than before I think. Because for me it doesn't mean that we are publicizing our own way of earning but it is just taking care our rights to fraud and scam project since there are lots of people like that in here, taking advantage to others. It is somehow set of rules we need to follow so there are formality here. It is good thing for me, but still it depends on the riles and other thing we should follow it should be perfect and be beneficially good for everyone. Cryptocurrency is now popular all around the globe so if this is being done maybe it can regulate some scam projects.
Here, everyone wants to regulate the cryptocurrency market. I think that this situation will only intensify. But it is very important for me that a cryptocurrency insurance system is developed.