Great perspective. Without a doubt, regulatory overkill would be a major problem. However, there needs to be some sort of oversight (hopefully from a single body). You used one word that shows why it’s important—“legitimate.” There are more than a few illegitimate actors out there. They’re ruining it for everyone else.
RE: Time for Crypto Industry to Push Back against Regulatory Overreach
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Time for Crypto Industry to Push Back against Regulatory Overreach
Yes, I totally agree. Some consistent light tough regulation is appropriate, as Australia is doing.
I think self regulation is the best way to expose the frauds.
What shouldn't be happening is regulators treating everyone as guilty until proven innocent. Frauds will be caught and punished at the end of the day, but legitimate businesses shouldn't be obstructed, because of some bad actors.
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