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RE: BITCOIN (BTC) Evening Update: Will Governments Soon Attempt to Regulate Cryptocurrencies? If so, BitShares is the only TRUE HAVEN from Government Molestation!
Then with so much regulation already in place, why is the USD the primary currency of criminals? How do banks keep committing 10,000 instances of money laundering but get fined a pittance of the profit made from the criminal acts?
I agree. But my point is regulation is needed. It brings crypto to mainstream. Money laundering crap will happen. For example I don’t want crypto to be in bad light. Seen as money used by terrorist, ransomware And drug money and stuff. I would rather have it regulated and streamlined for adoption. Shady people will find their way but that doesn’t mean we should let crypto run wild and be crapped on. Let it regulate. ICOs are big pump and dumps. I see it happen all the time. We can’t ignore that. That part certainly needs regulation.
The regulation comes from the smart contract technology. The last thing we need is more idiot government. When the government gets involved, all credibility goes out the window. One would have to be ignorant to believe otherwise.