Quote from: Zee27 on October 07, 2023, 02:54:10 PM

Quote from: KingsDen on October 07, 2023, 02:37:55 PM

Quote from: cheezcarls on October 07, 2023, 01:28:42 PM

But if we were to choose between regulation and outright ban, I would choose for regulation at least even if I don’t like it. I believe that centralized exchanges (CEXs) can co-exist with the government for mass adoption if they wanted to be licensed to operate their services to the citizens. But no way they would regulate DEXs.

It is like a dilemma and obviously every cryptocurrency enthusiast or a bitcoin will surely choose adoption over outright ban. Obviously there are some advantages of regulation but the disadvantages out weighs the advantages. If there is regulation, there rate of adoption will increase for institutions and companies but then decentralisation will be highly affected.
In the other hand, government purpose of adoption is not for the wellbeing of the citizens as they claim. They just want to control and sensor all factors and be able to tax everyone effectively in the cryptocurrency industry. We cannot reject regulation because if it doesn't happen today, it will happen to tomorrow and it must happen as long as grow of the cryptocurrency technology is experienced.

But it looks like some exchanges are finding it difficult to comply with regulations. You must've heard about Bybit's suspension of their operations in the UK due to regulatory issues. Meanwhile Bitget is in compliance and are still operating in that region. Binance also exited the US markets owing to regulatory issues. I'm genuinely interested in knowing why some exchanges are complying and others aren't.

The discomfort and frustration I'm feeling right now is immeasurable. Bybit's decision to halt services in the UK due to upcoming regulations is leaving us high and dry.