Quote from: pawel7777 on May 26, 2023, 08:36:27 PM

Quote from: bbc.reporter on May 26, 2023, 01:32:41 AM

What this would certainly do is move much of the trading of altcoins and tokens to decentralized exchanges and DeFi where we do not need to give the custody of our digital assets to centralized exchanges. I reckon the regulators might be underestimating what anonymous developers and an anonymous community are prepared to do to help continue the existence of the cryptospace.

Trading, mining and staking cryptocoins and tokens are banned in China but has this stopped the Chinese people? They only made them more careful and more anonymous.

Sure, but at the end of the day, you'd need a place you can safely and legally convert your crypto to fiat. Without that, you'd be just using DEX to swap one worthless token for another.
If there's a ban in say China, people would still have direct or indirect access to foreign exchanges where they could cash out if they wanted to. But if all major countries introduce heavy crackdowns on crypto, then it will cripple the entire market, and that's not something that any Bitcoiner should be cheering for.

I very much agree. It is also very much underestimated what kind of regulations will be imposed on the cryptospace. If for example the US SEC imposes the rule that much of the cryptocoins and tokens in the cryptospace are illegal securities, I reckon this implies that those projects need to register to the SEC. Registration might also imply that the security should be stored in a government approved custodian and moved through government approved transfer agents. This will certainly kill the innovation of having real custody over your own digital assets.

I ask the question, will all the projects in the cryptospace comply with regulations or will they become more anonymous and use decentralization to evade regulations?