Bitcoin Forum

There is still a lot of uncertainty in the Cryptocurrency space, which is also caused because there are not clear rules for regulations yet.

As said in this article: https://flagshipcrypto.com/should-cryptocurrencies-be-regulated/  (https://flagshipcrypto.com/should-cryptocurrencies-be-regulated/)

Do you think Cryptocurrencies should get regulated, or what is your take on that?

Yes there must be some regulator just to safegaurd investors money, more rules, regulation and filtering process is required during the ico phase if we get only licensed and filtered icos then chances of scam and bad projects will reduce.

It shouldn't be regulated but it will be. There's a big difference between things that we would like to happen and the things that we can't avoid and have to endure. Taxes are one of such things and countries want to regulate cryptocurrencies to make taxation more understandable and easier for us. The ultimate goal is to make everyone aware of the rules and the rules themselves as clear as possible. Regulation will also allow us to pay taxes and all of our bills with cryptocurrencies.

The idea of Bitcoin (cryptocurrency) was precisely the anonymity and lack of control of the state and any third parties, that is, complete decentralization. But now we understand that no state will give financial freedom to its citizens, so no matter how we resist, but control will be total.

Nobody in here hoping to see them regulating the cryptocurrency, it is still ok for them regulating every exchange.
but, regulating the cryptocurrency itself is not an option for us, if they are regulating it. does not that mean, they have total control over our financial?
if they force us to do so, cryptocurrency will lose its essence absolutely.

I think it will not be regulated in the present but if it is regulated then it will be just a common and normal currency the trill of the decentralized currency will finish and it is true that with this not regularize situation the price will now much rise it if it is regularized it will be accepted in different parts of the world and then it will be more useful than now.

Cryptocurrency was originally created for decentralization. Therefore, the centralization of the cryptocurrency contradicts its initial purpose and will not lead to anything good.

I think so. Some countries in Asia are already regulating ICO, there is no escape from here.  Investors who had submitted for KYC must have the idea of what is about to happen as its the start of regulation. Years before KYC were introduced, we are all free from being monitored by the exchanges but now its not just them that knew us but also the company which we participated in investing to their ICO.

If that can make good impact for cryptocurrency, then why not? if me in my country it is better that crypto regulated, because at least people feel safe to make an investment, and crypto can adopted easily.

Yes regulation is needed to save investors money, only licensed icos should be allowed to raise funds and license should be issued after thorough details, investigation and analysis about the project and after ico their should not be unnecessary interference by authorities because we have to keep the unique and powerful decentralized concept of crypto alive also.

Regulation is a must for the government accept the development of cryptocurrency.
How can a country allow a 100 percent crypto community on their country if they can't have the tax from the people?
How can merchant accepts payment of BTC if they will not be legal in tax?

I believe everything must be regulated to some extent because a lot of people cannot protect themselves and there are enough people who are dishonest enough to try and take advantage of that.

Of course, the cryptocurrency should be regulated by the states. Regulation should be subject to the order of circulation and use of cryptocurrency within the state. Without this, the level of fraud in it will steadily grow and we can not do anything. Since the states as a whole decentralized cryptocurrency is not very profitable, the level of cryptocurrency regulation by the states will increase and become tougher over time.

i am not sure if cryptocurrencies should really be regulated. in my opinion, it could harm the development of crypto and limit the market too much. but what should certainly be regulated is the ico market.

Regulations can make crypto space is be safer for trading. I do see more problem when it is regulated and be like our 'fiat' and it might also make more people less interested to trade as trading crypto become a difficult thing to do.

regulation about rules is not yet clear, so to make it, of course there must be an agreement between the government and crypto only in this matter, about that, hopefully in the future the regulation can be made and benefit all parties.

Crypto needs an inspection or editing. But as a result, the crypto will lose its centrality?

it is nowhere as easy as you may think it is.
being regulated is never going to be the same everywhere. in some countries regulations can potentially mean a much higher adoption and many shops accepting bitcoin or any altcoin that is actually a currency but in some other countries it can mean high taxes and restrictions that can further limit the adoption.

maybe yes or maybe not, in my opinion if Cryptocurrency is regulated it will be able to improve security and reduce the level of scam and hacking but it might make using crypto more difficult.
and if crypto is still not regulated, the scam will continue to exist and the risks faced will remain high but the use and access of crypto is still easy. this is just my opinion

For crypto currency to prosper as a valued token, there should be regulations. An unregulated market would be a territory for scammers.
Lack of regulations and scams is one of the reasons why darkweb never got serious attention. And crypto too were heading on the similar path.

If cryptos will be regulated, the promotion of ICO's will be limited, not all ICO will going to be implemented on the market as regulation will filter out those who will not going to comply. The good thing is, Scam ICO's might be spotted and avoided.

such actions will bring serious consequences for most of the people and projects associated with the ico

crypto does not need to be regulated, if crypto is set what is the difference with a large government or company. crypto creates independent staff and everyone in Crypto has the right to be responsible.

Honestly speaking I think regulations are needed more than ever in the cryptospace. Why am I saying so? We have experienced countless crime stories and various ways ever since the inception of crypto and that deters people from joining us. With regulations, these scams will reduce and then subsequently boost the trust people have for crypto.

What kind of regulation we need for the crypto currency usage?

Only exchanges can be regulated not the user's wallet so if someone want to use crypto currency in their way then they can use it with no restrictions but for spending it maybe regulated and it is much appreciated since it builts trust among people.

all the altcoins are only used inside exchanges so there is only one usability for them and that is trading and what regulations mean for them is regulating the exchanges. and doing that means 100% regulation of altcoins because it will cover all their use cases.
in which case it can even be a good thing because exchanges are always the weakest link as they get hacked, scam users and run away,... and regulations can reduce the risks (not remove but lower them).

clearly must be regulated because with the existence of our rules can be guided properly, only the rules must also be clear and not burden any party so that the cryptocurrency can be more advanced and many want to use it.

If we want a cryptocurrency to develop, it must be regulated by the states. This means, first of all, that the state establishes official status for it, determines the order and conditions of its circulation in society. Regulation of cryptocurrency does not mean that the state will interfere with the basic principles of its existence, and in most cases it is not able to do so.

Crypto currencies should not be regulate. But the government from all over the world will regulate it anyway. Without regulation they will not accept the development of any blockchain based crypto currencies. Cause the bitcoin and other crypo currencies was stated for decentralization. But government want the power so its hard for them to accept decentralization. But they will not directly regulate currencies but they will come with some rules for exchanges at first. And if they use any crypto for development then they will regulate it too.

This issue of regulation has been out there so many times and I think it will be good for the industry if there is regulation which serves as check and balance to the activities of bad actors and also bring a high degree of confidence in Cryptocurrency industry for traditional investment. The good part of regulation is more than the bad part of it but I think a self-executing regulation will be better for the industry especially when it comes to aspects of ICO investment.

Regulation is a double edge sword, it is very good at ICO but it does not good for cryptocurrency itself.
many people came here because of their freedom in financial, what is the point moving to cryptocurrency if the government can track everything that we own?
it will bring a high of confidence to those traditional investors, they only care about profit while some of us care about revolutionary.

Regarding the issue of regulation, i doubt whether it is really good for the crypto market. Believing through regulation, there would not be such a highly volatile market. That is good, but maybe not so interesting for investors.