We talk about the current state of cryptocurrency regulation

In the words of "Ethereum co-founder Vitalik Buterin recently expressed his frustration with the current state of cryptocurrency regulation and offered a foolproof solution to the problem"

According to Vitalik Buterin, "The main challenge with cryptocurrency regulation (especially in the U.S.) has always been this phenomenon where if you do something useless, or something where you're asking people to give you money in exchange for vague references to possible returns at best"

To understand also points out that, "you're free and clear, but if you try to give your customers a clear story of where the returns are coming from, and promises about what rights they have, then you're screwed because you're a security."

In this regard, "While it is unclear how cryptocurrency knowledge testing could be applied at the regulatory level or administered at the individual or corporate level, it would probably be a matter of policy to place limits on the leverage of cryptocurrency projects and institute audit reporting and transparency requirements"

Buterin says that rather than offering the most protection to companies and projects without a long-term vision or plan, he would "rather see us move to the opposite situation, where issuing a token without giving a clear long-term story of why it will hold or grow in economic value is the riskiest thing to do"

Cointelegraph. Vitalik Buterin says crypto regulations have created ‘anarcho-tyranny’. Link

The cover image does not belong to the author: @lupafilotaxia, the image was taken from: Cointelegraph