anna wilson
Contributor
Will bitcoin Die because of global Regulations?
Will bitcoin Die because of global Regulations?
No. Bitcoin will grow as long as regulations are put in place to keep some sanity and as protection from scams.
Unregulated crypto in 2017 almost killed bitcoin. Scams, nonsense ICO’s, stupid money, people moving life savings in, loans, credit card buys...
Regulation was sorely needed because people only think they want complete freedom. In reality, they want freedom but not responsibility for their own limitations and mistakes. Sad but true.
Yes, I Think you are right but as the restriction are increasing day by day, I don't think so it'll last for a long!
It seems most governments are taking pretty reasonable approaches to regulations to protect investors, discourage or prevent fraud and scams, prevent tax evasion while trying to avoid stifling development.
I’m optimistic the world will get it right. It will take time though. The SEC has cautioned US regulations will take 2-3 years at least. That is encouraging. Sends the message they want to get the balance right.
But due to high rule and regulation enforcing on bitcoin the investors are taking back there investments...
But due to high rule and regulation enforcing on bitcoin the investors are taking back there investments...
Proof or links?