Actually gold price never increase, but fiat always inflation.

Exactly.
The value of an investment is not how many US dollars, Euros, Yen etc. that investment is worth.
The value of an investment is how much bread and milk you can buy with it.

Gold's value is the quantity of goods or services you can buy with a certain quantity of gold, for example an ounce.
That is gold's buying power.

Gold's value, it's buying power remains the same.
As fiat currencies depreciate, their buying power decreases, therefore the gold's price, which is the exchange rate between gold and fiat currencies, increases.

HelloGold (Malaysia)

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It is funny now that what crypto is fighting in the early days has now become the "savior" of crypto for mass adoption.

This is quite complicated but I agree to this statement

Quote

“I get why the FATF wants to do this. But applying bank regulations to this industry could drive more people to conduct person-to-person transactions, which would result in less transparency for law enforcement.”

The increasing regulations may actually help cryptocurrencies become what it was intended to be (peer-to-peer). No fiat or centralized exchanges involved. Just two people using crypto as their medium of exchange.

FATF = financial action task force on money laundering
Thanks Zion, a new thing learnt today 

Cryptocurrencies were intended to be just that, currencies.
Actually I think they were intended to be money altogether, which involves being not only medium of exchange but also store of value.
But this is another story, so let's leave it aside for the moment.

In order to be a currency, means of payment, a crypto must be adopted by both seller and buyer.
That's the problem.
Currently the case where both seller and buyer adopt cryptos as means of payment, is very rare.

Actually, in order to complete a transaction, seller and buyer need not only to both adopt cryptos, in general, but they need to adopt the same crypto.
If it has to be a peer-to-peer transaction (P2P), they cannot convert one crypto into another, as a P2P transaction is by definition a transaction without Exchanges involved.

The case of both a buyer and a seller accepting the same cryptocurrency as means of payment is extremely rare.
We can hope that it will change in future, but currently it is like that.
That's why currently fiat and Exchanges are needed.
That's why P2P transactions today involve only traders, not buyers and sellers of goods/services.

In other words, currently P2P means cryptocurrencies not being able to be currencies, except for very, very rare exceptions.
(I know about the internet lists of businesses accepting cryptos, but still, in my city, just to make an example, I guess 0,000...1% of buy/sell transactions could take place through P2P cryptocurrencies transactions, given the requirement mentioned above).

I like P2P.
I like anonymity.
But more than that, I dislike banks and fiat currencies, and I think blockchain currencies were born in the first place to do that: circumventing banks and offering an alternative to depreciating fiat currencies.
It's not a coincidence that cryptos are most popular in countries with high inflation.
It's not a coincidence that all major banks are creating their own Stablecoins.

So, I'm not sure about the idea that regulations run against the "cryptospirit", so to speak.
It is possible - I'm not sure - that the original cryptospirit was to eliminate banks and depreciating currencies, with P2P and Anonymity being means to that, and that later this idea got corrupted, elevating Anonymity to a goal per se even at cost of cryptos not being able to become a viable alternative to fiat.

I think that - as much as I don't like them - today regulations are necessary to allow cryptocurrencies to become what they were supposed to be, i.e. currencies.
I don't exclude the possibility that tomorrow a particular crypto becomes so widespread that it allows to avoid fiat altogether.
In that case, widespread P2P could become possible, and with that more anonymity than in case of traditional bank transactions.

The stability of bitcoin is important because that will create usability and we will see massive adaptation by the mainstream society. Many people are scared to venture into cryptocurrency because it is highly volatile

You are right, stability create usability and mass adoption, but essentially not because this way it will attract more investors.
For sure, stability attracts more investors, but this isn't the main point.
The main point is that stability allows cryptocurrencies to become money.

"A “stable coin” is a cryptocurrency that is pegged to another stable asset, like gold or the U.S. dollar. It’s a currency that is global, but is not tied to a central bank and has low volatility. This allows for practical usage of using cryptocurrency like paying for things every single day.
Coins like Bitcoin and Ethereum and highly volatile. On any given day, it is common to see an increase to 10-20% or even a decrease. That makes using most cryptocurrencies for daily transactions inconvenient. Imagine paying $5 for your flat white (my coffee of choice) today and finding out tomorrow that it should have been $4. Price changes like that are shocking for a consumer."
https://www.forbes.com/sites/shermanlee/2018/03/12/explaining-stable-coins-the-holy-grail-of-crytpocurrency/#222c9e704fc6

I don't see Bitcoin as able to become so stable that it can get used as everyday's money.

I like Revolut.
A friend of mine used it once for an international transaction: a better currency exchange rate, less fees, and a quicker process than his local bank used to apply.

@masterrex,
if I understand you right, you are saying:
Anonymity in exchanging cryptos for cryptos,
no-anonymity in exchanging cryptos and fiat.

I think that would run against AMLC too, as it allows criminals to use cryptos to move value anonymously: A (criminal) sends anonymously cryptos to B, B converts cryptos into fiat.
Authorities couldn't know where B's cryptos come from.
B could say, he doesn't know either.

Problems would also arise when cryptos get accepted from the vendor as means of payment, i.e. when fiat is left completely aside from the economic transaction: I go on holiday, I book a room in the hotel, I pay with Bitcoins.
No invoice from the hotel owner, no value added tax.

The hotel owner does the same: goes on holiday, pays with Bitcoins.
Let's suppose, at that time he got 10 Btc from me, and now he pays 10 Btc for holiday.
Ultimately his Btc account is zero, so he pays zero taxes, even if he had an income (from me).

Kinesis on BlockTV.com

https://blocktv.com/watch/2019-08-06/5d495206e7692-the-evolution-of-the-gold-standard

20 min.
Interview with Jai Bifulco, Kinesis' Chief Marketing Officer

Kinesis is going to be launched on the 30th August