I read people's post on this forum saying even if regulations find its way to crypto space scams will never seize to exist and they keep comparing it to real life criminals even when we have COPS ,POLICE FBI, COURTS crime rate is still increasing, well this is my answer to all of you, in crypto space we don't have COPs or Police to hunt down scammers, accepted, but what do you think will happen if there is no cops, police, courts in real life? criminal activities will grow alot with no boundaries, it will be the same thing with crypto space, if there are laws that can jail scammers at least they will start hiding and there will be FEAR, unlike when there is nothing to fear off scammers now, scammers have too much freedom compare to real life criminals where there is something to tackle them.
of course, all countries in the world also have their own laws and rules. there is customary law, there is also state law. everything is arranged so that its citizens can live with discipline and obey the rules. Likewise with crypto, without any restrictions or legal restrictions, there are no rules and verdicts for violators, then life in the crypto world will still be like this forever. new projects, scams, and theft. if there is a cyber team that oversees this industry, I think every crime or unnatural activity that occurs in the crypto world, can definitely be traced.