Regulatory issues for cryptocurrency have actually been around for a long time. In fact, it was several years ago. But it seems, in the past year or so, it has become a serious topic of discussion in several countries. And it seems, some countries will soon implement it. What I personally think is, if true, many countries start implementing regulations for crypto currency, will this change the nature of crypto, namely decentralization to not being fully decentralized? What do your friends think here? Please share, hopefully this can add insight for all of us 😊🙏
I believe it will come off as a good thing considering what we have seen from counties where the government has chosen to accept and regulate the trading of cryptocurrencies and from the experience from my own country where the Government have chosen not to and have gone ahead to even Freeze bank accounts "suspected" of dealing in crypto trade even without proof until the account holder is able to prove that the monies are not from crypto trading. So, Government acceptance/regulations can actually bring some sanity to the system.