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?
Regulating cryptocurrencies can exist if those have been scammed will file a official report about the incident. Locally speaking, there have been reports like this in my country where at least seven people have been imprisoned because of online investment scam. This could work on crypto if the projects is registered to a governing body but of course they won't be meddling with the decentralized system of the crypto. In this way, the number of scam projects could lessen without losing the features if cryptocurrency. The problem is finding which one will regulate them and secure the interest of the industry.
I do agree that we should have some regulation in crypto industry especially on the new created projects who conduct their token sale to safeguard the investors from those scammer, with this we could change the negtative views in crypto investment and attract more people to get involve.
Some countries government are taking an action and doing their own research on how to regulate crypto though it could take a lot of years but it is worth it for the sake of cleaning the system in crypto-sphere, we have a long way to go but I'm happy with current positive news about crypto regulation.