Crypto Space Needs Thoughtful Regulation

[Paglamon]

Recently, the Federal Reserve Bank of Dallas recently published a report on regulation suggesting that regulatory measures are not always bad for crypto markets, but many others did not agree with that report.

According to them, recently, most of the new adopters of crypto have left the platform and it happened because of the crypto regulation. Other banks also believed that crypto regulation is also the reason for killing cryptocurrency’s ecosystem.

Recently, Tyler and Cameron Winklevoss who are the co-founder of Gemini shared their views on the crypto regulation in the latest podcast episode. They mentioned that crypto-space lacks ‘thoughtful regulation’.

Winklevoss further stated, “If crypto is going to go mainstream, we have to have some kind of regulation. Thoughtful regulation is a must. A market cannot thrive without some sort of rules-based system that tries to foster positive outcomes. At the same time, over-regulating the space is also harmful. It does have to be an either all or nothing kinda situation”.

But after their suggestion, the question arises is, whether crypto exchanges also promote the adoption of digital assets and if a new user wants to adopt any cryptocurrency from a particular exchange, whether that exchange is user-friendly or not.