This is something I struggle with often. My first instinct is that government regulation is evil till proven otherwise. However, I'm not a hardcore libertarian either. Sometimes government intervention is important. Sometimes, the government already has regulations in place, but their mis-/non-/application creates distortions (for example, non/poor enforcement of section 230 of the Communications Decency Act prevents internet platforms from being civilly liable for their content while still giving them many of the benefits of being publishers, allowing them to police speech they don't like, even though I tend to agree that it's not the government's job to prevent them). Not sure what the correct answer here is.
have fun staying in the gov cage then
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I know what you're saying.
For what I know Japan has been very 'light touch' on defi - I think that's what attracted MntGox and others in the early days.
Personally, I think light touch is always the best way with everything - there's very little to fight against and you keep a good relationship throughout.
It works for me anyway being a loving parent.
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