It is very important to design and implement crypto regulations thoughtfully, ensuring that they do not unduly restrict the evolution of the technology and compromise the principle of openness and decentralization of crypto, crypto regulations cannot completely prevent criminals from using cryptocurrencies like Bitcoin. Criminals used other forms of cash finance and other traditional financial systems before the advent of crypto. Crypto can be used to create financial transactions of unknown origin and hide large amounts of money.
Crypto regulations can help prevent money laundering and illegal financial activity by requiring crypto exchanges to maintain KYC rules and coordinate with anti-money laundering agencies in detecting and preventing suspicious activity. Careful regulation and oversight can help prevent fraudulent activities, market manipulation, and crypto value inflation. This can ensure the stability and reliability of the cryptocurrency market, attracting sustained participation and investment.
However, in my opinion, criminals are more interested in using cash. Cryptocurrencies are characterized by the fact that they run on a blockchain. And, as you know, on a blockchain you can track all transactions, even if the transactions are mixed. Therefore, saying that cryptocurrencies are used by criminal structures and therefore they should be banned are words that should not be heeded
Come on, it's just an exaggerated story.
In this case, I do not deny that there is a crime that originates from fraud or allows robbery by coercion of wallet seizures and hacks, but this is only a small part of the majority of existing crimes.
This is just one way to weaken and of course what is being targeted in this case is bitcoin which is indeed the most difficult to stop its movements. but of course we also can't make conditions better because crime is always there wherever and whenever there is an opportunity. but what must be considered in this case is not about bitcoin or its blockchain because indeed this thing bitcoin and blockchain are only objects that they target does not mean that it is a bad thing that exists because it is irresponsible people who make this bad.
I tried and pondered and each person's opinion on how they feel about bitcoin, see what they actually know and hear about it (the story of outsiders who didn't enter and learn this market) Obviously we see a lot of misinformation about bitcoin, once we learn and re-evaluate everything, the real root of the problem is our own inference with what we are doing. know in life.
Those who know and understand it, can point out different sides of the benefits or other negative issues, but as I mentioned it is we who are assessing its nature in terms of its nature. Look, in terms of spreading knowledge about bitcoin I also need to popularize our usage behavior.