Lens1000
VIP Contributor
The regulations that is ongoing on cryptocurrency presently is on the increase. Many countries have started resorting to regulations rather than banning. The ban option is not a good one and one should be able to make conviction on the potentials of cryptocurrency rather than the ban option. The countries that have regulated cryptocurrency are on the increase with Brazil been the latest. This has generated lots of talks amongst the cryptocurrency experts and people are undoubtedly saying that the regulations would forfeit the decentralized nature of the cryptocurrency. Some crypto lovers said that it's a very good decision that would bring more people to using cryptocurrencies.
The USA 2024 presidential elections potential candidate of the Republican party, DeSantis made it crystal clear that the regulations of cryptocurrency would jeopardise the major function of cryptocurrency. He expressed concerns that the decentralized nature of the cryptocurrency could be subjected to government-controlled platform therefore making look like a centralized system. Recently, Joe Biden issued an executive order on the research of the digital assets. Such orders could make cryptocurrency a government-controlled digital assets. This is the fear of most of the cryptocurrency enthusiast on the regulatory scrutiny imposed on cryptocurrency.
What's your opinion?
The USA 2024 presidential elections potential candidate of the Republican party, DeSantis made it crystal clear that the regulations of cryptocurrency would jeopardise the major function of cryptocurrency. He expressed concerns that the decentralized nature of the cryptocurrency could be subjected to government-controlled platform therefore making look like a centralized system. Recently, Joe Biden issued an executive order on the research of the digital assets. Such orders could make cryptocurrency a government-controlled digital assets. This is the fear of most of the cryptocurrency enthusiast on the regulatory scrutiny imposed on cryptocurrency.
What's your opinion?