Why do we need a regulation in the cryptocurrencies industry?
Let’s have a look at positive view about a right regulation
I admit it, I’ve entered this industry almost involuntarily, everything started from different aspects, experiences and facts that consequently let me getted inside it. I can hoestly say that the entrepreneurial vision that I have always had towards the labor market, made me understand that there are no systems that create money from nothing, there can not exist systems that generate profits on debt basing on a simple trust given to third parties, without that there are a number of rules that are applied, checked and enforced.
Do you know why? History teaches us very well, we have already experienced past experiences in which humans have already proved unable to manage with a good sense economic, financial, technological or industrial revolutions. Everyone today looks at the blockchain revolution for the simple profit that it allows to make. How many really focus on the technology on which it is based? How many really focus on the potentiality that it can offer in creating and implementing business projects, startups or new business models that can offer concrete solutions to simple or complex common problems?
The truth is that most of the people, professionals and amateurs, who approach this world, do it with the first purpose of being able to earn money, lots of money, quickly, without even worrying about having studied a safe way out . It is easy to buy cryptos, but is it easy to sell them and collect the corresponding value in FIAT currencies? The answer is obviously not. We all know why, but we also pretend not to know, not to worry about it, as if not talking about could help us to solve the problem. Problems can not be solved by letting time go by, seriously letting time go by is a great way to magnify problems and increase their risk.
What risk am I talking about? I’m talking about the lack of regulation to which the exchanges must undergo, clear rules, written that must be respected. Today, the vast majority of exchanges, operates in freedom and absolute anarchy. Consumers and private investors consider and talk about exchanges as if they were lacking that they have obligations and duties. But the truth is that instead they are just simple private companies that must respect the rules that they themselves decide to apply on themselves. There are no guarantees, there are no superpartes criteria, there are no guarantors. There is nothing like this. Many people spend their time talking and writing about the cause of a collapse that causes capitalization to decrease, or a pump that causes market prices to fall. Everyone worries about a possible regulation because it could cause the very nature of decentralization to lose, or because it could lead to a tax on income and profits derived from the speculation generated by investments in cryptocurrencies. But nobody cares to go deeper into the foundations looking for greater stability that can bring huge benefits for everyone. That’s why we would need regulation.
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