My final point is that in a way, Crypto is already regulated as I still need to do crypto to fiat and at that point I need a traditional and regulated financial institution which of course, is regulated.
Coins (except monero) are traceable from source on their respectove blockchain so until a lot more suppliers, whether it be goods or services, start accepting it as payment, govts will not worry, and even then, traditional business will still have a paper trail.
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Dear @nathen007
I appreciate your AMAZING comment. Thx for accepting my invitation to this post and sharing your thoughts with us.
Do you really consider crypto already being regulated? I still think that in most countries it's far from being regulated. And even countries like Switzerland still are in the process.
Yours,
Piotr
No. I meant IF it is mate as the poster suggests it needs to be.
I accept some regulation but no where near like we have with current banking regulation.
As it stands now, converting crypto to fiat brings you into government hands as they regulate all the crypto to fiat conversion instruments
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I always appreciate your awesome comments @nathen007
Enjoy your weekend buddy
Piotr