Cryptocurrency regulation is inevitable, the FCA officials told the UK parliamentary committee last Wednesday, according to a cryptocurrency news outlet, CoinTelegraph. A market-wide price decline or the difficulty of selling coins are two courses that regulations on cryptocurrencies could harm the sector.
Contrarily, Paris-based analysts, Mortier and Perrier said that regulations may have a more positive impact on the sector. Two of the factors they mentioned in their thematic paper are how many businesses in the FinTech and other industries still see crypto as a key asset and medium. And, that authorities often decide not to charge a general ban on assets that have significant positive market effects.
If you're still skeptical about the benefits of regulations in the crypto market and how this affects your favorite meme coins, Dogetti , Dogecoin, and Shiba Inu, then keep on reading.
Understanding the Benefits of Cryptocurrency Regulations
As the cryptocurrency market continues to grow and evolve, it will be increasingly important for governments to develop and enforce regulations to ensure that your favorite cryptos, including Dogetti, Dogecoin, and Shiba Inu are safe and accessible for everyone.
Below are key factors why regulations may be a great thing:
Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF)
As cryptocurrencies continue to diversify, it also makes it easy to be used to finance illegal activities due to their pseudonymous nature. Regulations can help prevent money laundering and terrorism financing by requiring exchanges and other cryptocurrency service providers to identify their users and report suspicious transactions to law enforcement.
Cryptocurrency regulations protect consumers from fraud and scams. Some cryptocurrency investors are arguably unfamiliar with the technology and may be vulnerable to scams or unscrupulous practices by those in the industry. As such, regulations can help prevent any type of fraud.
The cryptocurrency market can be volatile at times, and last week’s data proves this to be true. While there are some benefits of not having regulations for crypto assets like Dogecoin, Shiba Inu, and Dogetti, there are also far more perks to it.
Implementing regulations on crypto can promote stability in the market. This helps prevent price manipulation and ensures that investors have access to accurate and transparent information.
Integration with Traditional Financial Systems
Cryptocurrency regulations can help facilitate crypto integration with traditional financial systems, such as banks and stock exchanges. This can make it easier for people to buy, sell, and use cryptocurrency, which can help promote its adoption and legitimacy.
On a far more positive note…
The cryptocurrency market ascended over the weekend despite a resolute regulatory stance from the UK (and US) authorities. According to CoinGecko, the global cryptocurrency market cap today is $1.06 Trillion, an 8.26% change in the last 24 hours, with Bitcoin in the lead with $430 billion.
Accordingly, Dogetti, now on its $540,000 mark, has seen a 5.48% increase in raised funds in the last 48 hours. Now on its second presale stage, it has also sold 7,300,250,000 tokens. It has also received commendable audits from well-reputed organizations, such as Solid Proof, Soken, Coinsult, and Solidity Finance!
Learn more about Dogetti by following their website and social media pages!