Post
Topic
Board Altcoin Discussion
Re: The race to crypto regulation? Public and permissionless is still possible?
by
Coyster
on 05/08/2020, 07:41:28 UTC
What are your thoughts on the need for regulation in the cryptocurrency industry? As the industry matures, I think it would make sense to go the regulatory route rather than to fight the "existing system"?
I don't think the same, regulations will give governments some control in cryptocurrencies, they will try to impose laws that will enable them track cryptocurrency users, govt always wants control, that's why they are shifting away from cryptocurrencies to create their own cbds's; we've head about the launching of the digital dollar and digital yuan sometime in the future, crypto is btw legal in my country, but I'll not want my government to know how much bitcoins I have, and impose regulations that will defeat users anonymity, bitcoin is meant to function without a third party, if government can regulate it and impose sanctions, then they are more like a third party.