Quote from: Hydrogen on November 14, 2022, 10:58:34 PM

Definitely do not want greater regulation. Especially not on a global scale, which would apply to all countries. Transparency has nothing to do with the FTX case. Which was entirely based on fraud on a massive scale, as well as insider crime.

What comes after global crypto regulation? Global bans on proof of work mining to "save the environment"? Global minimum income tax rates of 15%, which is something they tried to pass not long ago.

I would have to guess motives behind pushes for regulation are the only thing transparent here. The motives are not good and the results and implications would not be good, either.

That's true, and I'll stand by your argument. I don't want Bitcoin to be regulated. As the world's largest centralized exchange, Binance is essentially restricted by the policies of various countries. Binance accepts supervision and specifies industry standards, and increasing transparency is the only option. But the essence of the encrypted world is decentralization. Without this line of defense, the encrypted world will collapse. Maybe the blockchain will continue to go on, but this application in the financial field will lose its meaning.