With each passing day we come to know how more and more sovereigns across the globe are coming up with new regulations. At this juncture - I feel hopeful with all these regulation coming into effect. To me, it showcases that the sovereigns across the globe have come to terms with the eventuality that is the blockchain system and thus they are declaring all these regulations to better handle the current scenario.
Regulations need not always be a bad thing and for all who thought that crypto could be their way of creating their own tax havens, well you better start thinking twice. Mark my word, the IRS and other tax collection agencies across the world will never go after companies like Amazon. Read my article on Amazon's abuse of tax loopholes to pay ZERO taxes on it's $5 billion profit in 2017.
Image from https://news.blackmooncrypto.com/cryptocurrency-regulation-cross-country-analysis-67452f1df80e
The Tax collection departments can let billionaires hide their money and not be bothered by their audits, but the small man who has a few dollars in profit from crypto's meteoric rise hasto be found out and made an example of.
Sorry for deviating from the point . The crux is we who are already having stakes in the crypto revolution should not be panicked by any regulatory declarations.
Let me know your thoughts on regulations and the crypto industry.