So if a cryptocurrency is regulated in a country, does that protect the citizens that are using it? or they just allow the usage of it in the country? I will lock this after I got a satisfying answer. Thank you.
Can you imagine if you live in a country who ban cryptocurrency, will you still comfortable when using them? I guess you will not comfortable when you using them. Also when there is a country who ban bitcoin, do you expect there new user poping up? And an exchange who will allowed you to exchange crypto to money fiat and money fiat to crypto? Without those things you will leave cryptocurrency slowly because I will bet you use cryptocurrency is not for payment transaction right? More then that you have seen that cryptocurrency are investment place, and you will need an exchange that you can exchange to money fiat and otherwise. That is the function of regulation, you just need your government have accepted cryptocurrency being a traded only not just for payment system and you will be comfortable when yoh use them.