Post
Topic
Board Altcoin Discussion
Re: Is regulation good or bad?
by
yurekaa
on 10/10/2019, 02:19:26 UTC
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?

yes i agree with you i think crypto does need regulation. with the regulation, the use of crypto for crime such as illegal transactions and laundering will be reduced. because there are authorities who will give the punishment. and with the regulation can also select a scam ICO. so that crypto users will feel more secure and comfortable. maybe if there are regulations crypto users will increase. because they feel protected by regulations.