Hey people of steem,
So you may have heard that India was going to ban all crypto. This is true but it looks like it might not stick. A panel has been set up and it looks like they might, at the end of the day, be treated like commodities. This is great news. According to this article it seems the goal is to stop money laundering and trading of the coins might be okay after all. Time will tell but this is good to hear from a country that was looking to straight up ban coins.
I agree that more regulation will need to be set up in order to stop illegal activity when it comes to crypto. Hopefully we will see more countries come together and make fair rules to stop the filtering of dirty funds while still encouraging the growth of the space. This is why regulation is not necessarily a bad thing with crypto. It can bring trust to the space and held it grow in the right direction.
Things are looking pretty positive too from different governments as the US declared that bitcoin and ether were not securities and countries like Japan and Switzerland and pushing forward with in crypto expansion.
Here is the link for more info: