Bitcoin and Cryptocurrency Rules

A stratospheric mistake for which everyone is paying today. The overreaction of the U.S. and EU to the cryptocurrency world stems from the fact that it has long been ignored.
Allegedly, there are some interesting reasons why U.S. and EU authorities have long avoided regulating the world of cryptocurrencies and bitcoin. According to the head of digital policy at Barclays Bank Group, no one in the upper echelons of policy and regulation in the U.S. (and elsewhere) expected the industry to survive.
In other words, the industry was expected to be self-sufficient, without the need to impose restrictions or rates that would allow certain activities to flourish.
A shocking revelation? Not too shocking: the feeling that regulators come in rather late and try to react after the proverbial cows are out of the bag is pretty common.

Barclays says: regulators don't believe

Barclays, one of the most significant banking groups in the world, spoke through Nicole Sandler, who is in charge of policy and regulation of the group's digital assets. Thus, this includes cryptocurrencies.
The statement, however terse, opens up some very interesting thoughts and discussions, especially given what has happened in recent weeks.
The EU has also recently attacked self-propagating wallets, again demonstrating punitive intentions that are excessive for even the most rabidly authoritarian countries. On the other hand, the U.S. has embarked on a well-defined plan of attack, which includes several federal agencies, high-level politicians and banks.
All this because, if Sandler at Barclays is right, they would rather wait for everything to die for their business, only to see that death is not imminent and that, despite - now lopsided and untimely - regulatory attacks, the cryptocurrency and bitcoin industries continue to grow.

Helplessness extends to the public and investors

This misguided foresight on the part of the world's biggest regulators - with the exception of Japan - has cost high-profile investors the same price as small retail investors, who now have to deal with draconian rules that are often unreasonable and devoid of any organic or rational nature.
But now we know the ulterior motives behind the incoherent, intersectional and violent attacks on the bitcoin and cryptocurrency world. It's a bit like being caught making a mistake and then trying to do double or even triple to cover it up.