Even though the regulations pose an important role in preventing users, they also may be a threat to innovation.
According to CipherTrace’s Chief Executive Officer [CEO], David Jevans it will always be a struggle finding the balance between regulations and innovation.
However, there have been countries that have outrightly banned the use of crypto, focusing mainly on Bitcoin, like, Bolivia, Columbia, and Ecuador.
Despite being around for over a decade, Bitcoin has been unable to secure trust from the government regarding its use-cases.
Jevans opined that we may see the adoption of privacy-enhancing features by pseudonymous tokens and blockchains as seen with Bitcoin, Ethereum, and Decred.

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