Published
5 years ago on
August 13, 2018
"You only have to look at bitcoin's volatility in the past 12 months to see why it [regulation] is much needed. A layer of protection and trust would not only benefit investors, but also the ever-increasing number of projects underpinned by blockchain technology. As an industry we need to re-evaluate our attitudes towards regulatory oversight and focus our collective efforts on working with legislators to implement meaningful regulation that benefits us all."See more for yourself, here. How fine is the line? On one side exists censorship and on the other, exists total freedom. Within freedom, we see elements of cyber crime and a risk of fraud. Within censorship, we see total government control and capitalist agenda. The line is hair-thin. Regulation though is important for cryptocurrency adoption. In terms of empowerment, this is more important than investment and making huge returns. I see it this way, would you give up some of your investment potential, if it meant that you could use cryptocurrency in the real world, giving you access to faster and more secure transactions, in a cheaper format? Probably so. It’s a controversial area, many are very adverse to the idea of regulation simply because many want cryptocurrency to remain underground, only for the people who got their first. Overall though, adoption is inevitable, one way or another, it will reach the mainstream. Without regulation, this could be dangerous, so to could it be with the wrong regulation. The right regulation however, will see crypto into a very positive future indeed.
