New Crypto Laws. Government Regulation. Crypto Crash.
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Well.. new crypto laws are coming. I’m currently looking at a 69 page document that outlines regulations for just about everything having to do with crypto from stablecoins, to illegal securities, taxes, and even crypto retirement accounts.
You’ll probably like some parts of this... others not so much I went ahead and read this document so you do have to so we can discuss the highlights as well as my thoughts.
Sure I would love if crypto could be the wild west forever but I am sick of scams and people getting hurt in the space.. For crypto to truly become mainstream it needs regulations.. This is the case for every single financial industry.
If you look back into history you can find dozens of examples of some new finance product coming out... it’s the wild west for a while... people have too much fun and get too greedy... something blows up, people get hurt... and finally regulations come in. We just can’t have anything nice... we’re our own worst enemies! Now the question is... will this get passed?
Crypto Laws
Government
Crypto Regulation
Stablecoins
Schedule one-on-one business consulting with me here: https://max-maher.teachable.com/p/1hr...
*I am not a financial advisor. This is not financial advice. Some of the above links may be affiliate links*
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https://finova.finance/sweepstakes-ru...
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📚 My YouTube School: https://max-maher.teachable.com/p/com...
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🥩Stake your Cardano in my stakepool! Ticker Symbol: MAX1 https://www.stakewithmax.com
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Well.. new crypto laws are coming. I’m currently looking at a 69 page document that outlines regulations for just about everything having to do with crypto from stablecoins, to illegal securities, taxes, and even crypto retirement accounts.
You’ll probably like some parts of this... others not so much I went ahead and read this document so you do have to so we can discuss the highlights as well as my thoughts.
Sure I would love if crypto could be the wild west forever but I am sick of scams and people getting hurt in the space.. For crypto to truly become mainstream it needs regulations.. This is the case for every single financial industry.
If you look back into history you can find dozens of examples of some new finance product coming out... it’s the wild west for a while... people have too much fun and get too greedy... something blows up, people get hurt... and finally regulations come in. We just can’t have anything nice... we’re our own worst enemies! Now the question is... will this get passed?
Crypto Laws
Government
Crypto Regulation
Stablecoins
Schedule one-on-one business consulting with me here: https://max-maher.teachable.com/p/1hr...
*I am not a financial advisor. This is not financial advice. Some of the above links may be affiliate links*
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Francisco Gimeno - BC Analyst First opinions on the proposed bill of regulations for crypto in US. Yes, regulations can be counterproductive, if they are too much detailed and don't allow evolution. But let's be serious, people. Too many scams, too many issues, too many empty tokens and altcoins, stablecoins which are anything but stable.... regulations per se won't cure all which is diseased in crypto, but it will help a lot to protect anyone working or interacting with it.