Regulatory bodies all over the world are not trying to ban crypto,…

@EnergyB0x 24 July 2021 more from that month

Regulatory bodies all over the world are not trying to ban crypto, are trying to regulate. Why? Because when financial system like Jp Morgan proposes crypto assets to all clients they are obliged to classify and manage risks, so a many rules are necessary. And they’ll try to transform rules in a way to control crypto market. I hope they will not make such disasters they did in traditional finance: https://www.coindesk.com/podcasts/coindesk-podcast-network/jpmorgan-bitcoin-institutional-wealth

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5 comments

@DrNums 24 July 2021

Yes, they are going for regulation. However, they will never be able to stop the permissonlessness of decentralzed services and censorship freedom in p2p transactions.
- @EnergyB0x 24 July 2021
  
  Yeah p2p are strongest, but they want to address crypto/fiat exchanges. Are there crypto/fiat exchanges which work through p2p?
  - @DrNums 24 July 2021
    
    There are a few like local.bitcoin.com
@rah 24 July 2021

yes I feel they are going in the direction of regulation rather than banning. I know something of the inside track of how the banking system works.
- @EnergyB0x 24 July 2021
  
  Laws, rules, ropes and control 😂