Does the future of crypto depend on regulation?

[Anonymous No.52675440]

With AAX being the most recent to go under, we have seen the demise of a few centralized exchanges lately.
Isn't it about time the industry gets regulated to help prevent similar black swan events in the future?

[Anonymous No.52675705]

>>52675440
Regulations is the beginning of the end for crypto.

[Anonymous No.52675722]

>>52675440
Regulation isn't coming anytime soon, and we don't even need the government to take over.
It will be the end of crypto

[Anonymous No.52675918]

>>52675722
From the way I see it, regulation is already happening in some way or form.
Take KYC for example

[Anonymous No.52676022]

>>52675722
>Regulation isn't coming anytime soon
Tell that to Biden who already made mention of this in the G-20 summit.

[Anonymous No.52676099]

>>52676022
This, exactly. And not to mention plug and play partnering with VISA for crypto programs. All of this leads to adoption and therefore, regulation

[Anonymous No.52676177]

>>52676099
>plug and play partnering with VISA for crypto programs.
These are the kind of partnerships that birth regulations, the more traditional players who come onboard the more they clamor for regulation which at this point is inevitable.

[Anonymous No.52676233]

>>52676177
Exactly this. It's literally common sense at this point that regulations will come with adoption.

[Anonymous No.52676356]

>>52675440
Do you think regulation is the solution to this menace?
I think crypto was all about decentralization, why can't we go decentralized instead of regulation?

[Anonymous No.52676417]

>>52675440
Aiming for regulations is entrapping the independency of DeFi. The growth is better witnessed with schizo SEC niggas not imposing greedy rules on crypto jeets.

[Anonymous No.52676504]

>>52676099
Yafa man! The partnership will definitely encourage regulation which is what we need in the space.

[Anonymous No.52676560]

>>52676356
Newfag if you understand the impact regulation would have on the cryptospace, you would encourage it adoption.

[Anonymous No.52676573]

>>52675918
>KYC
Stfu here desu. Has been in existence since the inception of blockchain. Winterfags creating a buzz around kyc which isn't in the plan C of the the SEC regulatory terms .

[Anonymous No.52676699]

>>52676573
Explain TIDV then, retarded fag

[Anonymous No.52676701]

>>52676099
Mainstream adoption depends on big TradFi's using crypto tools.

[Anonymous No.52676745]

>>52675918
KYC has been in existence even before crypto came.
What we need is innovation like encrypted KYC which will stop Devs from selling our private information

[Anonymous No.52676779]

>>52676356
>Do you think regulation is the solution to this menace?
No, we have seen regulated entities crumble so i don't think crypto will become safer due to regulations, the bad players will still find a way around regulations.

[Anonymous No.52676850]

>>52676560
Answer my question, pajeet, was crypto for centralization or decentralization?
I will rather patronize decentralized exchanges like loopdex., uniswap, and panscakeswap instead of your fucking cex, regulation will destroy crypto IMO

[Anonymous No.52676901]

>>52676779
Definitely, with or without regulation, they is always a way to boycott regulations.

[Anonymous No.52676946]

>>52676699
Trustless identity verification ensures compliance in the cryptospace and gives you full control of your data. Fucking oldfag that lacks basic knowledge.

[Anonymous No.52677045]

>>52676850
Old retard, go shill your useless project somewhere else. Go read about regulations and read about the TIDV and come tell me what you think. Knowledge is power!

[Anonymous No.52677058]

>>52676946
Precisely. Regulation is advancing and things are looking good for investors as well as projects now

[Anonymous No.52677245]

>>52676699
Don't know shit about that ... ID means identity. Self regulation is the only way out for us to progress.

[Anonymous No.52677271]

>>52675440
Regulations will destroy any appeal crypto had, from the anonymity to the pumps.

You're asking for another stock market thinking they'll let you get rich, kek.

[Anonymous No.52677298]

>>52676745
For the regulations to depend on KYC, users still need to decide on the data they with third party protocols.

[Anonymous No.52677324]

>>52677271
Not unless the platform you're using is trustable and wont give your information to third parties

[Anonymous No.52678089]

>>52677058
Totally correct man! The DUA project utilized the TIDV and it was a seamless and Interesting process.

[Anonymous No.52678114]

>>52677324
Nobody plays yourself better than you do. Self regulation is the only remedy if we are gonna be safe here. Crypto will never be safe under a central custody.

[Anonymous No.52678187]

>>52678089
Too early to conclude anon. I'm sure it hasn't yet pass through the the SEC laid down principles for kyc tools.

[Anonymous No.52678246]

>>52676099
To connect everything you have said in one word is basically "Allianceblock". Explicitly awesome!

[Anonymous No.52678312]

>>52678089
Makes sense, yeah. On Fundrs

>>52678246
They're part of the plug and play associates in this program

[Anonymous No.52678323]

>>52678187
Well you're correct here. But I believe the TIDV will pass as a KYC tool. It has got the best parameters if you check it.

[Anonymous No.52678708]

>>52677245
Trustless Identification Verification. Google is free, you fucktard

[Anonymous No.52678785]

>>52676417
Regulation can be followed even on DeFi like what the first globally compliant decentralized capital market is doing

[Anonymous No.52679039]

>>52676417
I dont think the rules are greedy, exactly. It could prevent many many exploits and hacks and money laundering incidents, you dumbfag

[Anonymous No.52679254]

>>52677298
At least only the users will have control over it, which is the most important thing.

[Anonymous No.52679342]

>>52676177
Plug and play alongside Fundrs will be great collaboration IMO

[Anonymous No.52679466]

>>52679254
This. And it's not like a big breech in privacy. Just more for safety

[Anonymous No.52679480]

>>52678187
Not when the ID product from everest has scaled through. Unless it's gonna work for TradFi's aiming to embrace crypto.

[Anonymous No.52679524]

>>52678785
What's the blarbing all about?

[Anonymous No.52679552]

>>52679039
Not when they are planning to trample on us very hard. Don't trust the Fed especially now that sleepy Joe decides.

[Anonymous No.52679734]

>>52679552
I dont trust them, but I think projects themselves need to work on a more secure solution. Which is why regulation in terms of KYC and AML is what we've been speaking of

[Anonymous No.52680457]

>>52679734
>Which is why regulation in terms of KYC and AML
KYC leaks all your info to the government didn't you guys learn from the ledger situation.

[Anonymous No.52680474]

>>52678323
It's new and might take a while before it gets widely accepted, but it's part the innovation that crypto industry needs

[Anonymous No.52680519]

>>52680474
New yes but inevitably with exposure it will be accepted. If the OpenWealth association exists with top Swiss Banks and crypto projects, who's to say adoption is far

>>52680457
Depends >>52680474

[Anonymous No.52681010]

>>52676946
Do you mean that Devs won't be able to sell my private data after this?

[Anonymous No.52681368]

>>52681010
I dont think any third party gets your information after that. It wouldn't be leaked

[Anonymous No.52681542]

>>52676701
The likes of VISA already partnered with some crypto companies to start up Plug and Play, which I believe will lead to more crypto adoption

[Anonymous No.52681673]

>>52681542
Mentioned that about already. Has to do with crypto programs and new entrepreneurs being able to interact with experienced crypto persons

[Anonymous No.52682247]

>>52681368
This is the only way big players in the industry can give regulations a thought because this assures their privacy is intact.

[Anonymous No.52682312]

>>52679342
If all the upcoming projects and fund seekers can integrate TIDV then it will be a win for the crypto space.

[Anonymous No.52682376]

>>52682247
That is if it is utilized by enough projects in the market to actually make an impact. But yes, in theory, desu, a win for the project and investors
.

[Anonymous No.52684052]

>>52682376
Actually, a lot of projects are seemingly paying close attention to privacy. Most recent which is Cardano

[Anonymous No.52684075]

>>52682247
Privacy and regulation will likely play out this way

[Anonymous No.52684111]

>>52684075
>old world rules will most likely apply in new world
Lol no. Just like the Internet forced governments to adapt to a new technologic reality, so will blockchain. They'll have no choice

[Anonymous No.52684308]

>>52684111
they control the ramps ( banks ) which will require kyc and comply with blacklists like OFAC.

whole industry will be plagued with compliance like this and it will partly defeat the purpose of blockchain and dapps

this is entirely different from tls since we already have a working solution (web2), web3 is a side grade (unlike upgrade) from the point of view of the government

[Anonymous No.52684361]

we're in a temporary phase in history where crypto is being bought with fiat. There will come a time when fiat collapses and nobody in their right mind would trade crypto for dollars.

[Anonymous No.52684702]

>>52684075
Playing it safe with my assets shielded on Railgun.If it comes to regulations, we'll see how it goes

[Anonymous No.52684733]

>>52684361
That's the peak of crypto adoption you just described. What's important is that crypto is easy to be used or bought by anyone

[Anonymous No.52684758]

>>52675705
Create non-custodial wallets with ORE ID and watch things from the side. What matters is that you're maintaining self-custody of your assets

[Anonymous No.52686780]

>>52684733
Aww

[Anonymous No.52686795]

>>52684702
Is there any better coins for this? Kek

[Anonymous No.52687073]

>>52675440
institutions want regulation because it fixes the game in their favour. that is all.