Regulation will be a good thing in the long run. It will build trust for the industry among the masses thereby resulting in mass adoption. With regulation, people will feel more comfortable and have a sense of security to invest in crypto.
I don't believe that regulation means we have to declare our portfolio. Just as nobody cares to know exactly how much you own in the bank.
Regulation will also help in curbing the possibility of using crypto to launder money and place a check and balance in ICO which will make it very difficult for scam ICOs to operate.
I say regulation will in the end be a good thing for crypto..
What's your view about it?
Regulations are preventing the faster adoption of cryptocurrencies and the blockchain. It killed many projects that should've had a great purpose on implementing a more efficient process especially in businesses. But it is part of the process, there will be no improvements if there are no regulations. Scams appeared and the government felt the threat that cryptocurrency funding bring to the people. Then here comes IEOs, the solution to the problem.
There will be no IEOs today if it's not because of these regulations. And now with IEOs people can be sure that their investment is legitimate.