Quote from: Hamza2424 on March 20, 2023, 05:17:19 PM

I do support them because with this the illegal outflow of the money in risk investment market can be directly minimized and governments can even track the user in entries and out entries as I will not care about it because i am not doing anything wrong in the open space. Yes, I consider my privacy a violation but when it will be regulated and in the hands of everyone then there will be alternatives to that too.

This would require you to trust the government. Personally, I don't really trust them because the people on top probably don't care about us either. Just take a look at the recent bank run and how they handled it, retail is the one who got screwed in the end. While it is inevitable, having the option to not use a centralized exchange is still a welcomed one to me, so that's that. At the very least, they don't force us to use one or two exchanges to monitor everything. If that does happen though, P2P is probably the only choice for me.

Quote from: un_rank on March 20, 2023, 05:28:39 PM

Their entire financial system is broken so why would a superior system rely on their regulation.

True, some even went as far as changing the law to make sure a bank can buy their competitor's stocks. If they can do it without any repercussions, then other regulations don't really mean much since they can just change it anyway. Even if crypto is fully regulated later on, I won't be surprised if they can change the law as long as it suits their purpose.