🤔 Why does crypto needs regulation? 🧐 Obviously, #crypto community is split when it comes to regulations. The reason for this split opinion - regulations essentially takes away the anonymous quotient in crypto. Why I believe governments are pushing for regulations?
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1️⃣ Tax Evasion / Money Laundering Wallets are not associated with a person's identity. This makes it hard to prevent money laundering through crypto as the wallets cannot be tagged back to individuals. This is somewhat solved in case of centralised exchanges like #coinswitch