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 think Concordium clearly understands the need for Privacy. I like how this project clearly separates between privacy and anonymity. The founder of Concordium is the founder of Saxo Bank. It made sense when he mentions in his video that he's seen trends like the internet grow when no one believed him and the way it matured over time.He thinks something very similar is going to happen in blockchain as well.
According to him Banks and Financial institutions ( he has more than 20 years of experience being CEO of a bank he co founded ) need identity verification and anonymity will not be possible but privacy sure can be possible and Concordium addresses this very point.
It made sense to me. What are your thoughts?
I do agree with regulations for crypto market as this will stop scammers to take advantage of the market as unregulated simply means no one is responsible while under regulations the relevant authorities will be able to take action against scammers and fake coins.
And even if you analyse all countries where crypto regulations are issued the crypto scene has grown there and public trust and interest has increased so basically regulations are good and in the end they are pro crypto.