This is a good example of why there might be government regulation. The danger is that the cure will bring with it other problems.
RE: A Warning to All Crypto Currency Enthusiasts about Coinbase 6/13/17
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A Warning to All Crypto Currency Enthusiasts about Coinbase 6/13/17
Government regulation will occur to the extent of looking into these exchanges, blockchain does not need regulation.
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It was precisely government regulation, specifically the Wyoming Money Transmitter Act, that made them decide to halt service to Wyoming residents. I would hope at the very least that there would be some sort of remedy worked out that those customers would be able to withdraw their funds to another wallet.
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