Post by: newshunter on June 30, 2021, 07:00:33 PM
Bitcoin is staging a comeback, but the lingering threat of regulation continues to weigh on DeFi tokens and select altcoins.
Source: Bulls are back, but regulatory fears hamper the DeFi and altcoin recovery (https://cointelegraph.com/news/bulls-are-back-but-regulatory-fears-hamper-the-defi-and-altcoin-recovery)
Would appreciate your opinion about this
Post by: TomPluz on July 01, 2021, 04:53:10 PM
Right now, the cryptocurrency and DeFi industry has to face the big reality: either go under the regulations umbrella or getting banned from doing business like what China is doing. As for me, all the fears on regulations are all baseless, in fact we need regulations so that this industry can continue on growing while investors are being protected of their money. We are all tired of a cryptocurrency platform which decided to just go away, taking the money of their users with them. Of course, the industry has to make a good representation with the regulators so that there can be a win-win compromise.