Many people belief that the only solution crypto space needed is regulations, what will this solve? The biggest crypto problem is scammers, how can regulations cure this disease? Because regulations can only work on centralized exchanges and projects, what do you think? Drop your thoughts and let's hear you out?
I think only regulations can stop cryptocurrency dump because scammers can announce only fake projects. Regulations are needed everywhere in our universe. Some regulations should be fixed from blockchain. If new projects choose this blockchain, they have to follow these rules like they can't increase or release any amount of tokens they want and coin should have maximum supply.
If you think that the government and their rules will save you from being scammed you must be living in a different world.
Regulations aren't needed and won't change much. They will reduce the number of scams but only those who are not cunning and daring enough.
I'm sorry but I will disagree with that, for me, regulation will protect investors from investing in crypto, though it's pretty basic that everyone who are investing must have the knowledge but sometimes there are project that looks deceiving because they look legit, without regulation, they will be very confident with their scam activities.
The regulation will punish those who violate the law, especially the scammers of those, therefore it will reduce the scams as no one would commit a crime and end up to be in jail.
It's not the scammers that are the biggest problem in crypto but the people who grew up thinking due diligence is not important because there's a government official's shoulder to cry on.
With regulation, there will be more businesses going to adopt with crypo and they will be the one to make an initiative to help spread the awareness on the risk of crypto investing, and that would help people to understand the real status on crypto in terms of its risk. Regulation will help minimize the scams, that's for sure, but it will not eliminate the scams, and we always choose regulation as it would help majority of us.