Dr. Paolo Tasca writes; Crypto scammers (or the platforms they use) are increasingly getting caught and held accountable for their actions. Unfortunately, as cryptocurrency regains popularity, more scams will appear. One popular regulatory approach - criticizing Bitcoin - is only serving to push more people into criminals’ clutches.
There are plenty of problems in cryptocurrency that are well worth attacking. But from Europe to the United States, regulators fight the same straw “bogeyman” of Bitcoin.
Ironically, the two final and most misleading claims are about regulators' role in markets. They claimed that Bitcoin’s price is subject to manipulation, and its market cap and price indicate a speculative bubble.
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