In it, the majority of retail investors support the regulation of the crypto sector, believing that this will benefit the industry. 65% of retail investors and 56% of professional investors support regulation.
Regulation will not look good for the growth of crypto and regulation can also bury people's interest in decentralized digital assets, regulation will set certain limits and regulate the crypto journey according to their wishes.
For me, regulations are not important, because there will be many problems that will arise when they are implemented, many regulations are not able to run as planned.
In general, the trend towards a fully controlled crypto market in general, and bitcoin in particular, has been going on for quite some time. Every year the word KYC ceases to cause some kind of rejection and resentment. More and more crypto users are beginning to see this as normal... and even necessary, despite the fact that regulation, KYC, and centralization are against the foundations of cryptocurrencies.
The bigger the growth of the crypto and bitcoin market, the more attractive it is to third parties who want to control it, that's why for me regulation is only a matter of interest not for security as they say.
Because basically almost no one is able to maintain security, especially in relation to investments that do not involve third parties. In another sense, security is the basis for every individual in maintaining the value of the investment, while other rules have no relationship and connection at all.
I have repeatedly, participating in such discussions, written that the regulation of bitcoin and KYC is the reverse side of the success of both bitcoin and the entire industry. After we have seen the explosion of adoption and the emergence of cryptocurrencies in the everyday life of many people, this is starting to attract more and more attention from governments, bankers and regulators. If earlier they said that bitcoin is a bubble, bitcoin is used for drug trafficking and fraud, they tried to prohibit and limit it, now the course is set for regulation and centralized control.
If we deduce from all the accusations involving cryptocurrencies or bitcoin in particular, then we will find the answer why governments, bankers and regulators continue to impose regulations that must be issued in the crypto field, even before crypto developed rapidly and bitcoin adoption occurred everywhere, no never before have we heard of such a thing, they just want to find legal loopholes to restrict crypto and bitcoin, while drugs and fraud are an excuse for hooking up for them to enforce regulations, even though there is no other much better solution they offer, while Crypto and Bitcoin is much more successful in getting people to find investment formats and get out of the economic problems they are facing.
Weird things are starting to appear in cryptocurrencies, such as reversible transactions, specifying the KYC of the sender and recipient when making a transaction, attempts to transfer bitcoin to PoS for spurious reasons, etc. A little more time will pass (3,5,7 years, who knows) and KYC (centralization) will already be perceived as the basis for working with bitcoin and cryptocurrencies. The concept of cryptocurrencies is no centralization, no KYC, everything is anonymous and without third parties. But at the same time, without regulation, a huge number of scams and scammers appear, many exchanges manipulate prices with impunity. How to find a balance between regulation and the fundamentals of cryptocurrencies (Bitcoin) and is it possible? What will the industry look like in 10 years in terms of regulation and KYC?
In general I prefer the concept of bitcoin as it is now, no KYC and centralization required, Bitcoin is independent in determining its performance, without involving other influences as additional concepts are deemed necessary, even without regulation Bitcoin has limited itself to fraudulent transactions or called PoS, because Satoshi Nakamoto has formulated a concept so perfect for running Bitcoin that it doesn't require any additional concepts or other performance as a basis for consideration.
We think that the basic concept is final without any changes or additions needed, either regulations or other technical issues.