This is why I think we'll see some extensive crypto regulation soon enough, forcing companies that turn real money into crypto to filter out people who don't understand that crypto is a speculative market first and a payment platform second. You can't realistically prevent people from mining or trading shitcoins but you can put regulatory pressure on the ways people access them.

Thr only way to do this effectively is blanket regulation on all cryptocurrency, as otherwise you'd end up with an endless cat and mouse game chasing new coins people use to trick people into entering the market and exchanging entrycoins for the latest scamcoins.

This is all pretty terrible in my opinion, because cryptocurrency could've been so much better. Sadly, the idealists who wanted an independent currency were drowned out by the ruthless speculators who are only in it for their personal profits.