A rather complex subject
Lately, it has been quite turbulent in the world of cryptocurrencies. A lot of big things happened, bad or good, I'm not sure. I have been thinking for a long time whether everything would be different if we had a clear regulation in crypto because at the moment many things that are happening seem quite spontaneous and without any order.
What do I mean? For example, the shutting down of many exchanges due to the SEC and the implementation of some rules. Even though these services have been working for years, somehow all of a sudden there was a strict application of the rules and it still cannot be done.
Even the biggest Binance got a huge fine (which they accepted to pay). Isn't it logical that they would follow the rules and not risk fines and potential sanctions and why did they wait so long?
What does this performance mean for us, ordinary people? So, could a regulation appear where it is illegal to trade on any no-KYC exchanges, that will practically bring some sort of problems to each of us?
Of course, more regulation means bigger pressure on privacy that Bitcoin & cryptocurrencies offer, which certainly opposes us to all ideas from there.
I suppose that some regulation could bring good, if, for example, services with non-custodial wallets would have to make certain deposits as protection for their clients. How long will clients be victims of hacking exchanges or theft by the owners/employees of such services?