Cryptocurrencies are a great invention and the blockchain technology behind them is one of the most exciting developments in recent memory. But while they offer a lot of value, they also have drawbacks that we need to overcome.
There are three main areas where regulation can be beneficial:
Anti-Money Laundering
Prevention of Fraud and Illegal Activities
Ensure user privacy
In addition to these benefits, regulation can also bring clarity to the marketplace and protect consumers from malicious actors while ensuring that innovative new applications have access to funding through traditional channels.