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RE: A Warning to All Crypto Currency Enthusiasts about Coinbase 6/13/17

in #bitcoin7 years ago

This is a good example of why there might be government regulation. The danger is that the cure will bring with it other problems.

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Government regulation will occur to the extent of looking into these exchanges, blockchain does not need regulation.

It was precisely government regulation, specifically the Wyoming Money Transmitter Act, that made them decide to halt service to Wyoming residents. I would hope at the very least that there would be some sort of remedy worked out that those customers would be able to withdraw their funds to another wallet.

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