Prevention Of Numerous Crypto Scams And Illegal Trade.
Regulations can be good or bad depending on the specifics of the regulation and the overall number of regulations. The foremost advantage of having crypto regulations in place would be taking hold of the enormous cryptocurrency market and scanning through each transaction by the government authorities. The chairman of international banking law and finance at the university of edinburgh, professor emilios avgouleas, says that tighter crypto regulation will benefit the industry in the long run.
“Sensible Regulation Is A Win For Everyone,” Says Ben Weiss , Ceo And Cofounder Of Coinflip, A Cryptocurrency.
Cowen chairman and ceo jeffrey solomon is in the camp that says regulation of some kind for the surging cryptocurrency space would be a. Ultimately, many experts believe regulation is a good thing for the industry. The executive order calls on regulators including the treasury.
There Are Many Reasons Why The Increased Regulations May Be Good For The Crypto Market.
Most people have been hesitant to join this sector because of the fear of cryptocurrencies being used for criminal activities. Regulation is coming for the cryptocurrency market. Below are some of the good effects if the crypto market is regulated:
More Stability In The Market.
Regulation will be good for crypto competition lawyers and economists should be part of the federal government’s policy deliberations. “crypto enthusiasts assert that limited regulation encourages trading on domestic exchanges and thus attracts development activity around a. Regulating cryptocurrencies could be a key element and healthy development for the industry.
It Will Still Likely Be A Risky Investment, But With Protections For Investors, It’s Less Likely That The Market Will Be Able To Face As Much Outside Manipulation.
Not considered legal tender cryptocurrency exchanges: Strategy on cryptocurrencies and any future u.s. It could create a solid foundation for the burgeoning cryptocurrency industry but could also stop it in its tracks.