I work in mortgages, a regulated industry in the UK. Sure, regulation is annoying but without it we used to have 100% mortgage loans, self-certification of income for loans and lending to people who clearly could not manage money.

Now, we have heavily regulated loans and you have to have a fairly decent credit history, be able to prove your income and can only borrow approx. 5 x income.

Regulation is good it got rid of the dodgy cash taking,play by the rules. I have to play by the rules, why shouldn’t you.

The crypto market reminds me of the crazy mortgage market from the 1990’s & early 2000’s . Crypto needs regulation. With regulation we can weed out the bad players, we can bring in bigger money and early investors can profit more than they could ever have dreamed of. Having your identity and transactions all on-chain is as transparent as it can get, if you don’t like that then perhaps blockchain isn’t for you .

Once we get regulation then institutional confidence will be sufficient for large corporations to invest. Crypto is still playing in the late 1990’s, make the most of that while you can.