Altcoins Talks - Cryptocurrency Forum

Learning & News => News related to Crypto => Topic started by: sirty143 on August 05, 2020, 03:14:49 PM

Title: Deregulating Crypto Could Spark More Speculation Says Japan's FSA
Post by: sirty143 on August 05, 2020, 03:14:49 PM

Deregulating Crypto Could Spark More Speculation Says Japan's FSA

(https://i.imgur.com/gpHBeWnl.jpg)

“Deregulating Bitcoins and other cryptocurrencies may not necessarily promote technical innovation,” says Japan’s new top financial regulator. See more for yourself here (https://cointelegraph.com/news/deregulating-crypto-could-spark-more-speculation-says-japans-fsa).

Your opinion is greatly appreciated.

Title: Re: Deregulating Crypto Could Spark More Speculation Says Japan's FSA
Post by: TomPluz on August 05, 2020, 03:36:25 PM

I am on the impression that there remains the need for regulations of the cryptocurrency industry all because we need to also protect the consuming and investing public from unscrupulous  and scammy people whose mission is to sow discord in the whole industry and make money for themselves. Of course, with the side of the government there can be that tendency to over regulate and choke the fledgling industry so there should always be that open communication between players and entities involved.