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RE: Does it really need a blockchain?
Unfortunately, this practice and trend from last year has also led to a strict oversight from regulators which tend to overregulate as their understand how to adequate protect investors from scams and frauds. This takes them as a whole which leads to uncertainty and an increased decline in demand. Most have and will fail but the fact that the market is no longer as open as it once was can hurt legit and great projects which ultimately slow progress in adoption and technology.