Topic: Balancing Cryptocurrency with Government Regulations (Read 57 times)

Man, there really is too little to nothing that we can do about this. Because even when the word corrupt/corruption is really overused, it still proves to be real and be it a flourishing country or not, corrupt individuals who feed on corruption will always be present. The best thing a normal individual can do right now is to invest smartly and if regulations require it, endure and be a but regulated. As long as you do not steal or steo on anyone and are paying taxes (which is your responsibility to your country) , then you can feel at ease and safe from inflation and the law.

Regulating money really means stealing some of it. A dollar can't buy as much after ten years. Most of this is caused by inflation. Inflation is done by the government and the Federal Reserve Bank acting concert.

Where does the value go that is lost from a dollar? Into the pockets of the Fed and/or the government and/or anybody they designate to have it.

They sole from the poor (you) and gave to the rich (themselves).

We like or we do not like, governments will always try their efforts to regulate cryptocurrencies, cryptocurrencies regulations as been continuously more progressive which is demanding for people's personal information. But the downside is the use of the personal information by hackers after data leak on centralized platforms, the hackers also still prefer to try and victimize people that their data were leaked. Crypto are meant to be decentralized, even after the so called regulations there are decentralized means to make use of cryptocurrencies like noncustodial wallets and decentralized exchanges which people that want privacy also prefer than making use of centralized platforms that can put them into trouble at one point in time for victimization.

As the rate of Cryptocurrency adoption increases daily the more effective awareness and campaign were raised to educate people on digital currency (crypto), this has bring about the expression of interest and caution projected by the prime minister of Thailand, he said and i quote:"Many crypto investment platforms in Thailand operate illegally, and the Prime Minister has warned the public to be watchful when using these platforms, as legal recourse is not possible, should something go wrong. These platforms often use advertising hype to attract traders.

While the Prime Minister is glad that people are investing, he would like citizens to consider that they could lose all their investments and must consider investments carefully, especially when opening trading accounts for children". The fact that he show interest in people Investing clear the air of unnecessary doubt regarding it operations and just as the fiat banks can open an account for underage same they fully understand that crypto investment shouldn't be left alone with the tender age (children) alone and any investment must be thoroughly investigated before engagement.

Base on my observations regarding challenges some countries had with crypto firms due to it lack of being regulated, though its true anyone from nowhere can come up with crypto trading investment and later turn a scam but how can we balance the challenges encountered by genuine investments, exchanges, custodians and mining firms to fully operate without the encounter of regulation requirement by their respective governments?