The inception of cryptocurrency has aroused so many scornful thoughts from diverse traditional financial sectors. Some are of the opinion that cryptocurrency is for fraudstars, some say it is for drug dealers and some sectors further claims that cryptocurrency is for money embezzlers and because of that, it should be completely scrapped out of limelight.
Even when the crypto Ecosystem has put forth so many secure and top-notch attributes that could better the traditional financial system, the recent scams in the crypto world has really consolidated the claims of crypto being a nefarious operation.
Meanwhile, 12 year old Crypto technology is not really black as how it is painted to be. Of course there have been very obvious scams, and infact, there are thousands of crypto projects thriving currently that won't survive till the end of the next 2 months. More reasons good research should be made on any crypto project before being invested in.
But giving a deep thought, where exactly is this regulations propounded to the crypto space coming from?
It is very clear that the regulations that being fired into the crypto Ecosystem have their root from what already exists in the traditional financial system. We all know that the traditional financial system has always been a system manipulated to favor banks and the politicians, and this same people against the progress of Cryptocurrency are the same people making these regulations. Therefore the big question here is, how is the future of Cryptocurrency gonna be when these people are the ones regulating it..?
But what if Cryptocurrency remains unregulated, won't it still be of great potential?
Nope!!! There's no possibility of Cryptocurrency going unregulated.
This has been thoughts of worry to me over the days and i am of the strong believe that the best of gold is always made out of fire, therefore the best of Cryptocurrency is yet to be unraveled.