Regulations Are Going To Benefit Only A Few In The End
So I came across this post, It's a couple of months old which talked about an investment firm that is set-up to start offering crypto currency trading publicly soon. They may be by now? They have been trading privately for a while now and have around 500 investors for crypto.
While I think that their success is great and will be a positive sign leading to even more acceptance of crypto currencies, I think that currently regulations are being made to suit the corporations rather than to protect the little investors whom have just as much right to invest.
It is mentioned in the post that many regulators want most crypto currencies to be treated like securities and to regulate them by only allowing certain groups of companies to make such investments.
This to me means that there may be some forms of crypto that I will only be able to invest by paying a bunch of fees cutting into my potential profits. If I am purchasing it to use in another purchase then I lose more money just because I want to buy a product or service.
In most cases there are fees already being charged when you move your crypto from wallet A to wallet B, not always but usually. It bothers me in the 1st place that crypto is not fee less any more... it once was but then......GREED!
I do agree that some over site may be needed for sure. With that being said though, not allowing just any one to invest or own any crypto goes against everything that the Bitcoin blockchain for!!!!
The blockchain was built so that anyone could own crypto, it was not built to be regulated to the point that governments can and will and currently are controlling how crypto currency is exchanging hands!!!
This type of regulation is bad for crypto in my opinion. Of course I am a nobody in this wild Crypto World, but knowing the history of Bitcoin and knowing what the blockchain was created for these type of regulations that only benefit the big firms is bad.
It's no wonder why it is taking crypto so long to be wildly adopted as the form of currency used in your everyday life.
Any ways ...Have a read just in case you missed it, and hey let me know what you think!
One Firm Is Way Ahead of Wall Street on Bitcoin
Susquehanna International Group, one of the biggest trading companies, is opening cryptocurrency trading to clients.
Posted from my blog with SteemPress : http://bipolarmarketing.co.business/index.php/2018/08/03/regulations-regulations-and-the-few-whom-benefit/