When those men says "regulating" the real meaning is: How can we take complete control and make the most of it.

One of my best friends wife works for Itau, the biggest bank here in Brazil. They have a whole sector dedicated to cryptocurrencies BUT funny thing, their "crypto staff" is 80% of lawyers and regulators with just a few programmers.

Cryptos were meant to "cut out the middleman" but the middleman is about to take over!