Government Regulations may be good or bad, either way I am not sure what could really be the effect of regulations on cryptocurrency. On the contrary, the government regulations on stock market exchange was able to increase the number of investors by encouragement and building up trust and confidence of the investors for stock market exchange. Thus, making it clear that many individuals are getting involve in stock market doing day trade for them to profit.
It was never known that regulations in cryptocurrency may be at help. I came across with an article about cryptocurrency regulations states that some of the investors were now worried and afraid that without clear regulations it will deprive them to enjoy the stay on cryptocurrency. Thus, will not help also the newcomers to feel secured in joining cryptocurrency.
Given the regulatory uncertainty, the United States also risks allowing fraudulent purveyors of cryptocurrencies to drive out the good. To be sure, federal and state enforcement officials have aggressively sought to stamp out fraudulent initial coin offerings (ICOs) and cryptocurrency trading platforms. But without clear and coherent guidelines to attract good actors to the U.S. market, fraudsters might push out the good actors. At least one estimate pegs the frequency of ICO scams to be as high as 80%.have aggressively sought to stamp out fraudulent initial coin offerings (ICOs) and cryptocurrency trading platforms.
But what could really be the benefit of regulations?
Cryptocurrency regulations could help promote order, consistency, and accountability within the cryptocurrency market without imposing undue burdens. And they will help the United States emerge as a wise leader in the regulation of cryptocurrency, which will spur entrepreneurship and innovation in this country. After all, wisdom — more than ignorance — is a truer form of bliss.
So, if one will make the best move to let cryptocurrency be regulated all over the countries around the world then definitely cryptocurrency will be next to stock market exchange. Maybe it could be better than stock market exchange because we are not talking about real money it is a digital currency which aims decentralized currency and to provide good service to its investors or consumers attracting low transaction fee than the current banking system. Hopefully this innovation will push through regulations.
Reference:
https://hbr.org/2018/07/how-regulation-could-help-cryptocurrencies-grow Regulation is good and will bring about the space getting matured the more pretty fast. A lot of people may not like the sound of it, but from the look of things, it actually looks like humans cannot really do things nicely without having some people who will want to jeopardize it, and for that effect, for this space to grow fast, and to see a lot of scamming activities being reduced, the best way is to simply regulate it.
We all know in a lawless country, there is no sin. There is lawlessness at the moment in the crypto space, and apparently, we all know that has given room to every evil doer to keep doing whatever they want to do easily.