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The war on crypto is good for crypto?

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by COINS NEWS 28 Views

The "war on crypto" seems more like a war on those who want to profit unethically with crypto rather than against crypto itself. While the discussion continues of whether it's a security/derivative/currency/younameit, the actions that reasonable governments (not talking about China) have taken haven't really been against crypto itself but against those manipulating the system in order to obtain gains from crypto related activities. It has been known for a while that Binance [and others] trades against it's own customers and nothing could be done about it, well, now something is being done. Yes, the price of Bitcoin was negatively affected immediately after this occurred, but as we all hope and [kind of] know the price will bounce back, and then it will be "safer" to trade in those platforms. The war on crypto helps it evolve, it makes it better, safer and easier for others to get on board eventually... as long as it's an "ethical war" from the part of the governing bodies, which also tax it btw. It also must be said that if Bitcoin could be easily destroyed it wouldn't exist already, that's why smart governments will make the transition sooner or later, it's inevitable. The current war on crypto seems to be creating the rules of the game as we go, which is a necessary part of the crypto evolution process, I welcome it... so far.

submitted by /u/maurinet79
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