Most believe that regulation goes against the spirit of cryptocurrencies. And they are right about that. However, as you can see from some examples, a legal framework can indirectly help Bitcoin, Ethereum and other cryptocurrencies to get more popular and gain more acceptance.
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Cryptocurrencies – the new, unknown asset. At least in the eyes of regulators in the USA and Europe. Many refer to the market around Bitcoin, Ethereum & Co as Wild West territory, where platforms and brokers like Binance, Kraken and many others serve as pivots.
Investors, on the other side, are often happy about the new opportunities that cryptocurrencies can offer. This is also true for the corresponding crypto exchanges themselves, which until now often not had to follow the same standards as exchanges for other assets. This was mainly because simply no one knew how cryptocurrencies and the new DeFi products such as lending, staking or liquidity mining should be legally classified.
Now, however, the wild times seem to be over. Authorities and the Biden Administration are pushing more and more for regulation.
But is this actually good or bad for the development of cryptocurrencies and DeFi?
In the crypto-scene, many are worried about the development. One notices that the free time is slowly coming to an end.
However, you’ll find out below why the whole thing could actually turn out to be helpful in the end.
And yes, this view is controversial, of course. However, there are a few good arguments in favor of it.
Should Coinbase, Binance & Co be more closely supervised?
In the crypto scene, and more specifically in the Bitcoin scene, many investors see regulation as a threat to the entire space.
This is understandable from several angles.
On the one hand, crypto and in particular Bitcoin stands for freedom for many investors. Therefore, hardly anyone would like to see the so-called on and off-ramps such as Binance and other platforms…
