現代加密貨幣法規是否抑制了創新？

在 KuCoin 的法律麻煩和 Munchables 駭客事件發生後，VanEck 顧問 Gabor Gurbacs 對當前加密貨幣法規對創新的負面影響表示擔憂。古爾巴克斯認為，法規未能保護投資者，同時抑制創新，將政治議程置於經濟成長之上。他呼籲建立無縫的監管框架，以促進而不是阻礙創新，並強調需要解決加密領域內不斷增加的詐騙、駭客攻擊和法律糾紛。

Have Modern Crypto Regulations Strangled Innovation?

現代加密貨幣法規是否扼殺了創新？

Amidst the backdrop of a rapidly evolving cryptocurrency landscape, VanEck advisor Gabor Gurbacs has joined the chorus of voices expressing concerns about the state of crypto regulation today and its potential to stifle innovation.

在加密貨幣格局快速發展的背景下，VanEck 顧問 Gabor Gurbacs 也加入了對當今加密貨幣監管狀況及其可能扼殺創新的擔憂的行列。

Regulatory Woes in Developed Markets

已開發市場的監管困境

In a recent post on social media, Gurbacs criticized regulators in developed markets for their handling of digital asset regulation over the past decade. He argued that these regulations have simultaneously enabled scammers, hindered genuine innovation, and protected incumbents at the expense of those working to build better systems.

古爾巴克斯最近在社群媒體上發表文章，批評已開發市場監管機構過去十年對數位資產監管的處理方式。他認為，這些法規同時為詐騙者提供了便利，阻礙了真正的創新，並以犧牲那些致力於建立更好系統的人的利益為代價來保護現有企業。

The KuCoin and Munchables Fiascos: A Cautionary Tale

KuCoin 和 Munchables 的慘敗：一個警世故事

Gurbacs's post comes amidst a surge in regulatory scrutiny and negative events within the crypto space. The recent charges against the KuCoin exchange by the Department of Justice (DoJ) and the $63 million hack of the Munchables gaming platform underscore the need for effective regulatory frameworks.

古爾巴克斯的貼文是在加密貨幣領域監管審查和負面事件激增之際發布的。美國司法部 (DoJ) 最近對 KuCoin 交易所提出的指控以及 Munchables 遊戲平台遭受 6,300 萬美元的駭客攻擊，都凸顯了有效監管框架的必要性。

Gurbacs's Indictment of Current Regulations

古爾巴克斯對現行法規的控訴

"I am personally unhappy with how regulators in developed markets managed the first decade of digital asset regulation," Gurbacs stated in his post. He pointed out the paradox that current regulations have both empowered fraudsters and obstructed legitimate innovation, all while shielding established players from competition.

古爾巴克斯在貼文中表示：“我個人對已開發市場監管機構在數位資產監管第一個十年的管理方式感到不滿。”他指出了一個悖論，即現行法規既助長了欺詐者的權力，又阻礙了合法的創新，同時又使老牌企業免受競爭。

Political Interests Overriding Economic Growth

政治利益壓倒經濟成長

Gurbacs further emphasized the danger of prioritizing political or personal agendas over national interests and economic growth, particularly in the context of today's global financial landscape. He believes that such shortsightedness has hindered the responsible regulation of the crypto sector.

古爾巴克斯進一步強調了將政治或個人議程置於國家利益和經濟成長之上的危險，特別是在當今全球金融格局的背景下。他認為，這種短視行為阻礙了加密產業的負責任監管。

The Crypto Community's Growing Concerns

加密貨幣社群日益增長的擔憂

Gurbacs's statements have resonated with the crypto community, which has grown increasingly concerned about the rise in regulatory actions, scams, and hacks. These events have raised questions about the effectiveness of current regulations in protecting investors and fostering innovation.

Gurbacs 的聲明引起了加密社群的共鳴，加密社群越來越擔心監管行動、詐騙和駭客行為的增加。這些事件引發了人們對現行法規在保護投資者和促進創新方面的有效性的質疑。

KuCoin's Woes: A Symptom of Regulatory Failures

庫幣的困境：監管失敗的徵兆

KuCoin's legal troubles with the DoJ highlight the potential consequences of inadequate regulation. The exchange, accused of violating the Bank Secrecy Act and operating an unlicensed money-transmitting business, has faced significant outflows in the wake of the charges. Industry experts, however, believe that KuCoin's substantial on-chain reserves in Bitcoin and Ethereum may help it avoid the fate of collapsed exchanges like FTX.

庫幣與美國司法部的法律糾紛凸顯了監管不力的潛在後果。該交易所被指控違反《銀行保密法》並經營未經許可的匯款業務，在指控後面臨大量資金外流。不過，業內專家認為，KuCoin在比特幣和以太坊上的大量鏈上儲備可能有助於其避免FTX等交易所倒閉的命運。

Munchables Hack Exposes Gaming Vulnerabilities

Munchables 駭客攻擊暴露了遊戲漏洞

The Munchables hack, meanwhile, serves as a reminder of the vulnerabilities that exist within blockchain-based gaming platforms. The loss of $63 million worth of funds from the platform underscores Gurbacs's concerns about the lack of effective regulation in areas where it is most needed.

同時，Munchables 駭客事件提醒人們，基於區塊鏈的遊戲平台中存在漏洞。該平台價值 6,300 萬美元的資金損失凸顯了 Gurbacs 對最需要監管領域缺乏有效監管的擔憂。

The Need for Balanced Regulation

平衡監管的必要性

As the crypto industry continues to evolve, there is a pressing need for policymakers to strike the right balance between protecting investors and fostering innovation. Regulations that are too lax can encourage fraud and manipulation, while regulations that are too restrictive can stifle growth and progress. The challenge for regulators lies in finding a way to create a framework that safeguards against the former while enabling the latter.

隨著加密貨幣產業的不斷發展，政策制定者迫切需要在保護投資者和促進創新之間取得適當的平衡。過於寬鬆的監管可能會鼓勵詐欺和操縱，而過於嚴格的監管可能會抑製成長和進步。監管機構面臨的挑戰在於找到一種方法來創建一個框架，既防範前者，也支持後者。