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Why Crypto Needs To Be Regulated
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Viktor Prokopenya is a London-based fintech investor and the Founder of VP Capital, an investment vehicle focused on the technology sector.______
Could we live in a world without rules? In theory, yes - we can live with an absence of government, and indeed our early ancestors did so. At its extreme, this is called anarchy - a state of disorder and lawlessness.
In reality, humans have found that regulations are the building blocks of a harmonious society and are critical to development. We need structures and rules to promote a positive culture.
The Noble Prize-winning economist Elinor Ostrom observed that when people have to manage shared resources such as land, fisheries, or water for irrigation, they spontaneously construct rules.
Indeed,
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