Why regulation is the best thing that can happen to cryptocurrency markets

moneycontrol.com:

There is a strong libertarian ethic that underpins the entire crypto asset industry, and crypto evangelists take pride in their anti-establishment approach to finance. So, on the surface, regulation appears antithetical to the concept of decentralised finance. After all, if the whole point of the cryptocurrency market is that no single entity controls it, then how can it ever make sense for a single entity to regulate it?

In reality, however, just the way that good brakes in your car allow you to go faster, good, and sensible regulation helps everyone feel safer, innovate rapidly, and grow the market swiftly. For this reason, regulation is in the best interests of cryptocurrencies, because it will act as an extraordinary driver of growth, and move it towards mainstream adoption.

Mainstream Adoption

Individual investors in today’s market are largely early adopters, who by definition are finite in number. For the market to grow, we need to attract mainstream users. For this to happen, we need prominent trading platforms such as Robinhood, Hargreaves, IG Markets, E Toro, PayTM Money, IIFL, and others to embrace cryptocurrencies as a legitimate asset class, and make it accessible to their customers. They will not do this in a big way without a clear regulatory framework that protects them from potential sanctions.

Sensible Regulation

While all regulators have toiled with the question of what would constitute sensible regulation, the cryptocurrency market remains largely unregulated. Some countries have announced piecemeal regulation, but if you sit back and take a look at the market today, it lacks coherence.

The cryptocurrency industry needs light touch regulation. The approach taken towards the auto industry is a good parallel