Quote from: Abiky on November 23, 2022, 09:43:25 PM

The collapse of a major crypto exchange, has once again taken the world by storm. There is a lot of FUD being spread by mainstream media, making people believe this is the final chapter for crypto/Blockchain tech. Now, US lawmakers are pushing towards stricter regulations with the excuse of helping protect investors' interests. Other countries could follow the US, greatly stifling the growth of the industry. I'm beginning to wonder whenever the collapse of FTX would be good or bad for crypto in the long run? This looks like another Mt. Gox situation, so it's likely things will be better in the long run after the dust settles. But I'm not so sure, especially when governments are now seeing crypto as a threat to the existence of Fiat (something they didn't think about when crypto was in its early years).

What are your thoughts? Your input will be greatly appreciated. Thank you very much.

For the industry as a whole, this can be useful, because the more regulation, the less fraud, but for the ordinary speculator or crypto-user, this is bad. Regulators will collect more personal data, introduce various limits, and the market will be trying to recover from such events for a long time and will not grow. As a consequence, many projects, due to lack of liquidity, will just die. Care about investors? But at what cost? At the cost of more regulation and centralization of the crypto industry.