Regulations for crypto were planned long before FTX collapse. Timing for it makes a lot of people blame fall of FTX for sure. But if more people would read about it, they could have prepared for it.
Prepared because there's really nothing we can do to avoid regulations. Nor that i would even want to do that. I am way more for regulations then going back to that unregulated era of scams.
Prepared because there's really nothing we can do to avoid regulations. Nor that i would even want to do that. I am way more for regulations then going back to that unregulated era of scams.
We can't avoid regulations, especially when we want crypto/Blockchain tech to thrive. I know it's painful for some people who want true freedom using crypto, but it's the only way governments will approve crypto as a legal means of payment. We should expect further tightening down the road after the collapse of a major crypto exchange.
I think the future is still bright for crypto/blockchain tech, since more regulations would mean more credibility among investors and traders alike. This is just the beginning, especially when there are a lot of people who aren't into crypto yet. Some countries have gone as far as adopting Bitcoin as legal tender, so it's possible more people will join the crypto train in the future. All I care about is decentralization. As long as that is preserved, we should have nothing to worry about. Just my opinion
