Self-Regulation in Crypto Rises as Governments Stumble Through Legislation

[kreslik.news]

While some voices in the crypto community argue that regulating cryptocurrency defeats the purpose of crypto in the first place, many others see regulation as a positive thing for the industry in the long run. They believe that regulating crypto will legitimize the industry, and while this likely means that cryptocurrency’s volatile, wild-west reputation will change, the industry as a whole will likely gain more stable value over a longer term.

This is evidenced by the passage of Japan’s Virtual Currency Act (VCA) in April 2017. The act legally legitimized both Bitcoin and Ethereum as forms of payment and ... (read more)