Decentralization Transparency Issue in the Cryptocurrency World and Regulation
Posted by ETIS on Friday, May 28, 2021
Sure, decentralization, secure transactions, and other finance comforts, may all be nice amenities to go with the increase in technology. That is just some of what cryptocurrency can bring us. But what everyone will agree with, is that what we don't need, is yet another fiesta of the cultists to emerge that try to manipulate, and use aspects of cryptocurrency, and vehicles that shape the crypto trading world, to try to form up jungles that are easy to camouflage in, and outright hiding out of oneself, that the money launderers, extremists, and the referent characters that finally found a niche after a career of criminal activity, or situate themselves to where a cryptocurrency group is now their legitimate job while they concurrently engage in complex financial schemes to oppress others, to take advantage of.
What is the solution? Well many folks might not want to see a sole government, or group of governments, entity like the UN, or Interpol, have to open up a department devoted to identify, record, and address, extremists and money launderers that decided to drop in and become conveniently employed at a tenuous level for a blase role like supporting consultant, in the latest cryptocurrency group and their coin, cryptocurrency related debuts seem to be emerging in about as many numbers as there are blades of grass after a strong rain right after the first third of a solar year. Some kind of wrap around regulation and regulators to watch the compliance, that can bind to cryptocurrency companies as tight at the top several blockchains do currently, and like proof of stake, proof that they underwent a background check before working in the cryptocurrency field, maybe even set right there on their profile page, to go with, might all come to mind in reflection of other finance worlds in the past that got robbed blind, such as investment schemes. These words before a brainstorm. It is very likely there are numerous ideas as to solutions, as well as recognized concerns about the wildcat now Mr or Mrs Financial Disciplined.
What is the solution? Well many folks might not want to see a sole government, or group of governments, entity like the UN, or Interpol, have to open up a department devoted to identify, record, and address, extremists and money launderers that decided to drop in and become conveniently employed at a tenuous level for a blase role like supporting consultant, in the latest cryptocurrency group and their coin, cryptocurrency related debuts seem to be emerging in about as many numbers as there are blades of grass after a strong rain right after the first third of a solar year. Some kind of wrap around regulation and regulators to watch the compliance, that can bind to cryptocurrency companies as tight at the top several blockchains do currently, and like proof of stake, proof that they underwent a background check before working in the cryptocurrency field, maybe even set right there on their profile page, to go with, might all come to mind in reflection of other finance worlds in the past that got robbed blind, such as investment schemes. These words before a brainstorm. It is very likely there are numerous ideas as to solutions, as well as recognized concerns about the wildcat now Mr or Mrs Financial Disciplined.
