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RE: The United States Government Loves CryptoCurrency? - Crypto Market - CryptoCurrency News
I agree that regulation will ultimately be good for the market. Aside from scam protection and taxation, government regulation is good from an investors perspective. The BIG money that has been hesitant to enter the market will be more likely to indulge after they understand how they will be taxed. It will also lessen the skepticism of those believing crypto is just a trend and allow it to become more widely adopted.
Some regulation will promote healthy growth and keep investors more safe as they tried to crack down on scam cryptos. Certain bans do suck, but some economies are just scare of the effect of crypto. We went from silver and gold to paper money only back by faith. The next step is digital money which is something the banks are not ready just yet. I understand the credit card ban because some people are maximizing their credit card limit in hope of getting rich and just pay them back. Yes the banks goal is to make you pay interest, but not encourage just additive behavior knowing if investors don't do their due diligence they will never see that money back. As everyone says. Never invest money your not willing to risk and always hold. You never want to sell at a lost.
Regulation will be welcomed as it will lessen the extent of bad press the crypto space has been getting. It Will also restrict huge pump and dumps and dramatic price swings which make many people not want to hold money in crypto as its too unstable. Some stability is needed.