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 there is more to this regulations of a thing than we know. What we should understand is that, almost in every industry, there are scammers who will keep ripping off the industry to enrich themselves of which aside the crypto space, the financial industry is also one of such. In my own opinion, regulations won't likely work because that would be giving out power to the government to start manipulating things the way they want. Scammers are everywhere both in the crypto space and otherwise, and once they have the opportunity they will strike; in the case of the crypto space, the reason why it is good to be careful of projects we invest in, if we can't deal with new projects, there are already developed and trusted projects to look into.