I fully agree. We need specific regulations to stop such bad actors, but not harm the entire crypto development as a whole.
That's why community like us has to self regulate and make sure bad actions like those of ChainX and ICO Pantera is well known. We keep vigilant.
Everything that is not regulated by regulation will always be open for Fraud, so inevitably Crypto must be regulated to minimize even though the crypto spirit will fade
Yes, but to openly be so open about scamming your own investors is ccrazy. Chainx exchange and ICO Pantera have to go to jail!
That will happen if there will be someone who can create a report to he sent to the regulators and we have seen so many scammers are getting jailed caused by some US investors have created scam report and SEC was processing it. That's why regulation is really needed in the crypto currency.
Fraudsters are always looking for ways to take advantage of all the gaps, inevitably regulation is really needed so that all parties are guaranteed especially investors. If the regulation is clear, the Pantera Chain X and ICO may be jailed
Yes, in fact crypto will also be very good if it is regulated in regulations, because it can eradicate scammers who are already very rampant at this time, only when there are rules, how the procedure works will also be different and it will also affect the progress of crypto itself.
Crypto started out because it wanted to avoid the centralization of regulations, yet now it is being forced into what it did not want to be part of in the first place, under the guise of financial crimes...
The current financial system which is old and full of regulations can be used by fraudsters, especially Crypto, which has almost no regulation in many countries. That's why I feel like inevitably the regulation is necessary even though the crypto spirit will fade a little, but for the sake of security of all parties
It's a problem when you trade freedom for security.
The solution is to stay vigilant of all the scams out there. That's the only way to stay away from scammers.
Do you think the gov gives a damn about their citizens eat crap? Nope! They won't care about their citizens wealth.
So, no, we don't need regulations, we need to stay alert.
