Hi Everybody,
The ones investing in or following the news about cryptocurrencies have noted the bearish market. Although I can understand the market reaction every time governments announce more regulations, I think more regulation is not a bad thing at all. Cryptos will need a more robust and better developed market and that will only be possible when we standardize the rules and the controls in the crypto market.
Some other reasons why more regulation will only benefit the cryptomarket:
-No identification to open a crypto account, and hence letting kids and criminals trade cryptos might not be a sustainable way for the crypto market. I can understand that e.g. the Korean government want to have some control on this.
-We have seen too many crypto trading platforms and wallets being hacked and loosing coins. Going back to Mt. Gox, Dao, to recently Bittfinex and the recent hack on Stellar wallets. Some form of regulation and monitoring might help to set the appropriate standard for the crypto exchanges and the wallets.
-Probably most of us will not object that the crypto markets should implement a cool-down period if a coin drops more than 20%. Better regulation might prevent these bizar downward swings.
These are just some thoughts from my side why the market should not react negatively on more regulation, but see it as part of the process towards a more efficient and better crypto market.
Best regards,
Brian