Regulations of what
There are certainly regulations coming to crypto, but what regulations and how far do regulations apply?
There are many possibilities that regulations of crypto can go very wrong, and let me explain here:
Crypto is a peer-to-peer communication device that facilitates the transaction from one user to another without the third party’s involvement.
In the traditional sense of transaction, we have a client or seller deal with a user or buyer with a middleman to facilitate communication or transaction, likely an institutional financial service provider like Visa through credit card service, PayPal through fintech service, debit card as banking service or cash through “trust” of banknote.
Regulations are heavily applied to intermediaries since they facilitate transactions involving financial information and private information protected through other regulations.
Now, we are back to crypto.
If you are using centralized crypto services such as Coinbase, there is nothing different than the middleman regulations case.
This is important that if we assume, crypto payment is nothing deviate from cash payment, credit card payment, fintech payment, or debit card payment.
