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 😊🙏
Yeah many countries are trying to regulate crypto. But don't be fooled, it's not "to protect the users from scams", it's mainly to see how they can extract as much tax as possible from crypto holders
No matter how unpleasant it is for all crypto-investors, control and management of all financial flows is one of the main functions of each state. The volume of cryptocurrency transactions is increasing every year, which forces governments to monitor them more closely. I still hope this is done for both fraud protection and tax control purposes)