'Why NFT Gaming Shouldn't Shy Away from Digital Asset Regulation' futureofgaming megafansesports
in 2021 by finding ways to artificially pump up the value of their digital assets. Other types of scams are, for example, fake marketplaces, phishing scams, rug pull and pump and dump scams. And lest we think we’re too smart to fall backward from a rug pull, they’re just so easy to do. We could feel as safe and assured us we could ever be, confident a project is going somewhere, but all it takes is for a bad actor to change their mind overnight to pull the rug out from under you.
If that happens to you and there is no one that should hear your legal cry, respond appropriately and regulate the market, are we really living in a bubble or has it burst? And for those who argue that criminal codes didn’t stop crime, competition rules didn’t put an end to foul market plays, the point is never to make them impossible, but to keep them in check, and make it safer for users .OK, so if we agree regulations could help, let’s start with the EU. Back in 2020, the European Commission adopted a digital finance package along with a proposal for the regulation of digital assets known as the Markets in Crypto assets Regulation or simply, the MiCA Proposal.
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