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?
I don't think we can already anything about having crypto under a regulation. If ever we let the government regulate crypto, how certain are we that it will not abuse its power and take over our monetary system unfairly. It may actually help in handling those who commit scams and those who commit money laundry nowadays but if ever the officials are greedy, there will be no improvement at all for sure.