20% BENEFICIARY @LEOFINANCE || Dex, Cex, Popular Exchanges and Trading cryptos

Inorder to make this class interesting, I will be using a question and answer format and I hope we all learn beautifully

Can cryptocurrencies and exchanges be regulated? How do regulations affect the crypto world? Name some countries with regulations.

INTRODUCTION
Detailed understanding of Crypto currencies and exchanges are seen in the lesson as the latter shows an intermediary or middleman relationship influencing prices and charges using a peer to peer network on the former .
Proper knowledge too of centralized exchanges too is shown on the lesson as centralized exchanges are pictured and explained via their usage in the lesson platform.

I am @mrblow, please follow and reblog my content

source

Can cryptocurrencies and exchanges be regulated

The big time /Golden question here lies , Can Crypto currencies and exchanges be regulated with my answer being YES! which is misunderstood by many people who think they aren't regulated more especially because they are indirectly regulated.

How do regulations affect the crypto world

There are several channels that crypto currency exchanges get affected from and with relation to their effects too.
Every country with her consent given to the crypto technology has a regulation body managing its scope and others in other words checking very well ,it's validity and excesses which the other way round has an indirect power of affecting the crypto market cap and it's exchanges via it's demand and supply

• Firstly governmental regulation of crypto Currencies could be depicted in their allowances of the crypto Currencies in the use of transactionary purposes mostly trading ,in the country .The control too could be emphasized when the zest of traders and crypto users are brought down with the relative charges , incurred when there is a ban placed on the local usage of the currency .
  Example ,we see a country like Nigeria's case for instance as crypto related activities are been banned making the buying of crypto Currencies to be possible only through the buying of USDT .
  Some traders or users of the Currency who are not persistent enough to follow the steps involved or charges following could drop off the crypto market ,leaving the market cap once more in a slight or heavy loss which brings about reduction.

• The Cryptocurrencies exchange being a decentralised system is contradictory to the centralised governmental system as ,the citizens of a state trust governmental go ahead orders than just crypto news since they may not understand the market most times and might follow governmental leads .

Name some countries with regulations

Just like I have earlier explained ,there are several countries with regulations to crypto Currencies and exchanges including ;

• Nigeria ; In Nigeria ,which is one of the African giants there are numerous patrons of the Cryptocurrencies ; Bitcoin , Ethereum ,and other Altcoins making several users of the coins .
  Early 2021 ,the central bank of the country ,came up with a submission of the Cryptocurrencies as an unsure standard measure of value and it's several scam promotion and it's inability to trace their wallets , therefore rendering every naira transactions on the Crypto blockchain impossible ,therefore every activities were done only through conversion of naira to USDT thetefore making crypto Currencies exchanges drop on behalf of those who can't cope with the rigourous steps

• China ; China being one of the most populated seeing ideas of what crypto patronage would look like and more especially it's untrusted kind of nature in some tokens has heavily restricted crypto Currencies and exchanges though the holding of such is not as punishable unto law but leaving the state of currencies unclear hereby regulating majorly the Cryptocurrencies and their exchanges in the country

• India ; Finally this country too could be seen as another nation regulator of the Cryptocurrencies and their exchanges as market caps in the counties are utmostly lowered due to banning of commercial banks to holding or using Cryptocurrencies and making it unsure for citizens .
  Citizens of the state therefore are left in insecurity feeling of what happens to their money if they invest and the exchange rates are affected.

CONCLUSION

I have been able to answer the question on if crypto currencies exchange can be regulated, how it can be affected by government policies and also mention some countries with such regulations, it was a very interesting lecture and I really learnt a lot thanks for reading through the post

Best regards
@leofinance