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RE: Cautious Crypto Market Re-Entry : Top 5 Risks Reviewed
I don’t think regulation means banning. It means “lawing” it to death which we are beginning to see with the know your customer bs and all the taxing. I would also include derivative markets such as futures market as regulation. This gets all the cnbc tards onboard and talking about btc going to 1000 while believing that fiat is the safestajd that 20% in 5years is great.
Ok, Banning is a strong word. There will be some jurisdictions that will make themselves unappealing to new Crypto ventures if they excessively regulate. That will be to their own detriment.
My 2 cents.
I see "lawing' as an opportunity and not a threat to the cryptosphere, because now that means cryptos are legalized. Governments have at last realized that cryptos are not easy to kill and they too are joining the band wagon. Of course, there is a "payment" by way of tax. But then again, in this world, death and taxes are unavoidable.
So, "lawing" IS good for cryptos.