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October 09, 2018, 07:06:17 PM |
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Hello crypto enthusiast One biggest joy of the cryptocurrency world is it been decentralized and not under any regulations from external bodies like SEC or any governmental bodies. The cryptocurrency decentralisation is good and also bad. We have seen so many scam ico taking advantage of investors and also bounty hunters the easy at which some dick And Harry can just wake up and create a token claiming that it is the answer to the problem of a particular sector be it health, law or even movie is not so good.
More and more ico are organised with over 80% percent being a scam and a good part of the other 20% just end up shitty
Not alone is this issue peculiar to ico also exchanges other than their being scam exchanges that defraud people of there properties also the real or would I say available exchanges can just be free to get away when ever they have been attacked by theft and hackers with out giving any compassion to its affected customers
My question is if there are regulations that will be in place to bring law and order in this section of cryptocurrency will that make crypto centralized?
Well from my own perspective I would say no. I don't think you can make crypto centralized by make this necessary regulations. A lot of people are losing money and much more as a result of the activities of some fraudulent people.
It's time the cryptocurrency world set up an internal regulations that will protect enthusiast to an extent because no one can complete eradicate crime but if there are measure put in place and also punishment for those found guilty it will restrict other from going the same lane.
PS. The safety of cryptocurrency will encourage the growth and wide spread of cryptocurrency
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