Bitcoin Forum

At the moment there is kind of flood of scam projects and exchanges and wallets hacking news. All these situations are creating nothing but loss of investor's money. For not having regulations, there is no authority to check the upcoming projects legit. With regulations not only investors’ confidence will increase in crypto market but will definitely attract new investors which will help increasing the entire market capitalization.
What are your thoughts on regulation topic and when to do think its possible to apply? will there be any negative effects to the market as well?

Well there can be some modification on crypto market but this will depend on what kind of regulation will be, i agree that there is a lot of scams which affect now the market but people shoud have more attention to.

Regulations well since KYC was implemented IMO it was included in the regulations, the negative effects for the market don't seem to be there cause the rules are made to maintain balance. I still don't understand what rules to apply for crypto here? While cryptocurrencies are made for freedom.

Firstly you can't fully regulate the crypto market. You can't just track every transactions.
And no one would regulate crypto for free. It's a huge responsibility and task and if government is to regulate them, they would want a higher cut from the profit of the investors and traders.
And lastly crypto was imagined as a free coin not controlled by any central entity. Regulation would be against the crypto dream.

Scams are proliferating and spreading like a wildfire in cryptocurrency industry all because anybody can put up a project even a fake one, gather a team using fake profiles and then put-up a website where the crowdfunding is announced. Some scammers are excellent at what they do so they sometimes evade detection from the community. I am for the regulation of these projects to protect the interest of the investors. There should be an office that will look into the authenticity of the people behind the project and can issue an approval before any crowdfunding can be done. Hopefully, with the coming of the IEO under reputable exchanges, the chances of scams can be lessen. Just avoid participating with IEOs of doubtful and scam-filled cryptocurrency exchanges (and there are many of them). 

The introduction of rules for ICO activities is several years late. If the regulation of ICO by states would have been earlier, now we would not have such a disastrous result now. Regulating the activities of ICO would solve the problem of fraud among such projects.
Of course, the regulation may also be different. It is possible to prescribe such conditions for an ICO that they will significantly slow down the normal conduct of an ICO. Therefore, it remains to hope for the prudence of those government agencies that will create these rules.

Having suffered losses from scammers, many will want regulation. Even to the detriment of the idea of ​​cryptocurrency. Someone must take responsibility for the safety of market participants. If we ourselves cannot take care of ourselves, then there will be organizations (most likely, state ones) that will take care of this. Not for free. We will choose the way cryptocurrency.

I do not think that regulation will help us somehow in the world of cryptocurrencies.  Cryptocurrency has always been centralized and not controlled by anyone, it suits me.

My opinion regarding regulatory regulations to get rid of fraud projects is very good to do immediately, because in order to increase the trust of old investors and to raise up new investors, and for the negative effects I think there won't be.

In the last G-20 meeting, all countries had agreed on this issue. But we have not seen any serious progress so far.

Try to use only verified projects and web sites. 3 times I have traded in scams exchange, but I was saved by the fact that I don't keep all my funds in one place.

My view is that regulations will put a stop to scam coins that has already flooded the blockchain space. As regards the negative effect of regulations, I think the space will be more strict and prices may be controlled.

Start new changes with safer regulations so that everything goes smoothly..
Because now crypto has been in great demand by many people seen from the many markets for exchange to their respective currencies..

I honestly think that the regulation is necessary especially AML and KYC compliance. There are companies like Ciphertrace that are procrypto and are trying to protect the technology. So in essence I think it will help the industry and not hinder it

I do agree that thereis definitely a need for regulations for especially icos and they should be licensed or banned to raise funds after a thorough due diligence from a team of experts and a authority but who will come up with such authority is a million dollar question. Secondly a large percentage of crypto community is itself against any type of regulations because they think that it is against the decenfralized concept of crypto.

Every sign indicates the reinforcement of the crypto market regulation by financial authorities in different countries. Regulators, however, see the potential in cryptocurrency as well

Regulation is one good thing that will happen to this market but how it can happen, I don't seem to know.
But exchanges have started playing the role they were to ask to abide by , by introducing kyc for customers...

The thought on regulations is very awesome but few seem to understand this concept. Crypto has still not gotten to where it is supposed to have been because of lack of regulations. For Crypto to reach the mass adoption that we all are interested in, then there should be regulations which will gurantee any investor the hope and courage to invest in various projects since they will definitely know their assets are safe.

The problem is that it would be very difficult to regulate this companies, since it's now possible that anybody in the world with just an access to a computer and little knowledge of programming can create a startup with lots of investors waiting to make purchase of the coin as long as he/she can create an hype for the project, the only way it could be regulated effectively is if all the government of the world come today to agree on choosing one policy that would govern the crypto sphere, apart from this, then there is no other way.

It is very easy to use the world regulation, but every time I hear regulation, it comes to my mind that what exactly do we want from the regulation. We want government to just set up an authority that will guide against scamming when government themselves are not in the loop.

For us to be able to get involvement of authority in this, government must legalized cryptocurrency and the only thing that will make them legalize cryptocurrency is when they are able to control it which you and I know that it will not be possible so long we too sticks to using decentralized coins, except we want them to create a centralized payment system, which is far from the vision of cryptocurrency.

I remember there was information that this summer the governments will start testing their technologies and their capabilities for regulating the cryptocurrency sphere, and maybe, if it will, then already next year the cryptocurrency will be regulated.

This will really take decades for this to be achieved, and by then, maybe they will also agree on a global currency which will be bitcoin. If cryptocurrency was left to bitcoin alone, we would not have been seeing all these scam we have everywhere, what we would have been dealing with alone would be hacking which is quite easy to deal with.

The problem of scam started since we started having all these ICO projects that all want to create their coin for same purpose at which bitcoin does, and the investors that are gullible that they will always invest in any project they see believing it will create fortune for them.

I think what you say is about security, but the essence of blockchain will be compromised if you allow third party to check on the legitimacy of each project. Well of course, the risk in investing to ICO is what we have to conquer and in the end the amount we can gain from taking the risk would be high.

Cryptocurrency is a two-edge sword, it can be a good thing in the sense that it helps curb the prevalence of scam projects and offer some form of protection to investors. The downside is that it increases government influence on the cryptommarket and can turn it into some kind of wall street monster,something we do not want in crypto. Also, it will kill innivation as small projecs will be lost in the many bureacratic hurdles they will have to meet before launch.;Let us enjoy the liberty and the risks crypto brings and learn to DYOR before investing.

If regulation is implemented that could help the crypto being popular in the world, in many investors who are planning to inter the crypto world and most of the project are being monitored if they are scam that could harm the investment of the investors.

There are two schools of thoughts. One wants crypto to be regulated and this has of course visible benefits for all but another group, which rather focuses on self-building and are skeptics of regulations in crypto do not want it the least. But I think if we get the system regulated, there could be insane expansion in the usability of cryptocurrency.

regulation will make investors confidence and feel safe with their money.government will not issue banning policy to crypto market that could make market crashing and investors panic.by regulation crypto investors get certainity.

It's possible to apply for upcoming STOs and IEOs. I don't think that regulation should be still applied with ICOs because it's starting to loose in the market and people's attention are being drag to the two new investment styles that I've mentioned.

In the future there will be new ways of collecting funds and regulation should be extended to all such instruments. without regulation chaos will continue

It will have a positive effect if we are going to have a regulator in this industry, but unfortunately, where the country will it comes from and who will create and nominated these regulators and how independent will they become, if these can be answered then we can start with setting up one for us.

I have no seen anything so go that does not have its side effect. Yes regulation seems to be the utmost saviour in the space, most especially when it comes to protection from scam projects. The side effect might be the here might not be privacy again. Despite that regulation has not fully come into place, we are gradually loosing our privacy by giving out personal info in the name of kyc.

It seems to me that a cryptocurrency has so many rules that even if they are held up they begin to contradict each other. So guys, live as you see fit.

In my opinion, regulations in crypto market and especially in Bitcoin are not bad. We have been seeing ETH blockchain used by Canadian Government for financial transparency and this was considered very important and was applauded. If we happen to have the same sought of regulations in crypto, we would see its circle spending wide. In the US, Bitcoin is highly regulated and highly used.

Bitcointalk members have been doing a great selfless job by fishing out some scamming projects that are announced here, ICOethics have been good on this, you can follow them or ask them to review new projects https://bitcointalk.org/index.php?action=profile;u=2204241. Another way to fight scam is through IEO, conducting IEO in good and reputable exchanges and not just any exchange.

In my own humble opinion regulation is badly needed in the crypto space to help curve the fraudulent activities. since it can hurt the cryptocurrency market and also bring negative publicity to the cryptocurrency space and may result in low investors confidence, thats why it needs to be implemented as soon as possible.

At the moment there is no international regulator body that can take cryptocurrency jurisdiction, regulations are each country obligation, like in the case for anti-money laundering and counter terrorist finance, some countries follow the recommendations emitted by FATF/GAFI (https://www.fatf-gafi.org/) adn its only a supervision job; and those who do not follow this recommendations or are consider dangerous, get into either a black list or a gray list, financial institutions may not do commerce with citizens from such countries.

Now, this regulations don work as an overseen job, it obeys to the supervision of transactions and transaction history, with limits applied to amounts for deposits and transfers. For instance, the total amount a person sends or receive in different money transfers or bank deposits. Also the names of the transaction holders are checked upon several lists provided by the FATF, if positive, transaction shall be denied.

This is the way exchanges are regulated, that's why, the greater the amount you want to transact, the more KYC information you have to provide. At the moment this is as far as regulation can go I believe.

I agree with you that at the moment there is no authority that should check projects for fraud and there is no legislative body that controls the activities of projects, I believe that this has long been necessary to do for the safety of each investor and of course for the security of the cryptocurrency market.

One of my major concerns earlier was the scam perpetrated through ICO's where a lot of funds is raised via those sales which they eventually do not list and where they manage to list on unpopular exchanges, they equally dump on unsuspecting victims. All thanks to the emergence of IEO's, at least it is no longer free to apply for IEO's and the fund is escrowed through the exchanges

The effect of no regulation is very bad, lots of scam projects that resulted to lack of people getting scammed.
We need regulation to eliminate this problem to investors, and we will have an attractive market, we loss investors if the scams will increase in the market.

The government protects people, therefore they should make a universal law to monitor and regulate the crypto market.
Lots of opportunity for investors if they are protected, the current new set up of crowdfunding which is the IEO is not strong enough to minimize the risk, as it only minimize the risk in the crowdsale, but after the sale, the team can still scam the investors and leave the project, especially now that market can easily be manipulated and that is evident by the pump and dump situation.

Last year's bearish market was somehow due to the scams, frauds, hackings, and theft lingering in the market. Investors lose their trust and confidence in a lot projects and investments. Now, the regulation topic is brought back this year due to the untoward incidences that are happening. But, I don't think regulation is welcome here. The basic principle of blockchain is decentralization, not regulation.

I agree to this. If we are planning to be part of Crypto world as long term investment and career as well then this is one of the way to spread the good news. Regulation is a good thing. It may not be perfect for the first run but eventually, all things will be on the right track afterwards.

My government decide to not make regulation because they are not agree with cryptocurrency.

Yes, for what I can see, it's true because the value still volatile from time to time so my government will not risking any harm for their civilian !

Yes, it's possible all of the time when these kind of investments on the crypto world will start to dry out there will be a new idea that will emerge that will the drive the investors crazy. And by that time, everyone will be interested again and this is just a kind of cycle that goes on.

Of course if the government chose not to adopt cryptocurrency, then we cannot expect rules and regulations for crypto. But somehow i do think that regulations might bring good results on crypto especially now that scammers are everywhere waiting to steal the wallets of investors. Hopefully, this problem of crypto would be taking into consideration to.

As you know crypto is new emerging industry and more countries and institutions are adopting crypto, this is time taking and when most of counties and institution will adopt it than i hope regulations will be made for all things.

I do believe with regulation, investor confident will increase. Trust in investment market is important thing and with government regulation, investor will more relax when make investment. Government should regulating crypto market because its about their citizen investment

i don't think there are many governments in every country that have regulations for the crypto market for various reasons, with the government not being concerned about this, we should be more careful and aware of the investments we make. but as long as the responsibility can be done by the developer then i think it will be fine, therefore we don't need to gamble on every investment we make and make your investment only for the most popular coins and always use reputable wallets and exchanges, with so you are not easy to lose money in this case

Cryptocurrency market cap value growing very fast and growing more bigger. Now, the market cap value already sitting around $250 billion and its huge money. It should be regulated by government because its government responsible to protect their citizen investment

I have always stated clearly that regulation is needed in the cryptocurrency community to tackle many mischievous acts. We can't keep dealing with exchanges being hacked and investors money gone into the thin air and nothing is done about that. Many of this exchanges use this as a me medium to steal from the users and claim it's hacked and go Scot free

well, some changes are definitely needed. This chaos is not good for the development of crypto and is mostly working in favour of the scammers...
Regulations, especially around exchanges, are highly needed...
But people also need to stop going blind with the "quick profit" and do some research before investing...
we can't just expect that a "daddy SEC" keeps everyone safe

We def need some regulations esp if we know there will always be bad actors. I really respect cyber security firms like Ciphertrace and identitymind which are working with exchanges on their compliance and any suspicious movements of money. at least it's a start

I think cryptocurrency rules don't need to be implemented even though lately there have been many fraudulent projects that are scattered everywhere so they can harm many people. if the cryptocurrency regulation can be applied then there will be no more freedom in it and of course there will be authority that can regulate it so that the effects that will occur later there will be certain limits that they will make

My opini, faster the better, so that negative market sentiment can be reduced and than investors' interests grow also can make increase the value of market capitalization.

Am in total support of the OP title. it's getting to a point where cryptocurrency needs a bit of regulations to try to solve some of its Scams and fraudulent activities. The freedom at these bad eggs disposal is affecting the crypto world negatively

Have never been out-rightly against crpto regulations especially with ICO, seeing the gravity of scam in the space and no means of punishing the perpetrators. Some project last year used the excuse of the prevailing market to mismanage fund and postpone  most processes on their roadmap

I believe regulation will be orderliness to crypto space. There are lot of hungry devs in the space that do raise funds and disappear some days after ICO. A lot of investors keep loosing lots of money to scammers. Regulation will bring trust of ICO and IEO project and more investors will be willing to invest.

All have their effects. On the one hand, this market situation has a positive effect on the attractiveness of investors in making investments. On the other hand, when market conditions like this that can be said to be still up and down will eliminate their passion (investors).

This will be the main benefit of users when the implementation of the regulation of Cryptocurrency occured. Well, I think it is really important to regulate it so we may know the results. I hope they will consult someone who are really knowledgable in Cryptocurrency before they implement it.

what is certain is that if the crypto regulation is implemented, of course there will be pros and cons. not even in the implementation of the system at this time there are also many influences that occur in society, but the positive impact I am sure will greatly affect the value on the market again and will also reduce fraud ico.

in my opinion, if there are regulations, there must be changes to get better. It should be better faster, surely it will also have an impact on market conditions that get better and return to green in time.

Regulation is inevitable as the money in crypto grows. We've seen the start already, and it will continue to build. Whilst it is bad for anonymity, it is necessary to an extent to protect consumers from scams. But to an extent crypto can be self-regulating, for example the move away from ICOs towards IEOs, which helps to weed out many of the scam projects.

regulation in Crytocurrency Market obviously blacklisting the fake projects coming in the Crytocurrency Market now a days. which cause decrease the trust of investors in cryptomarket. but there are negative impact of it.
like as we know Crytocurrency is decentralised platform.but when Goverment regulate it. the control of government over Crytocurrency is increase. then Crytocurrency is no more decentralised after regulation new rule and regulations implant.

Right now there is no regulation in the cryptocurrency as its market is decentralized in nature, which means that no gevernment can hold regulations as all of its transactions is all over the net. The only way that it can be regulated is be the platforms that makes such transactions and with the local government where the platforms are used. And it will take a lot of time and planning for it to be done.

So there will be clear situations for the cryptocurrency to be accepted among the people. With regulations, people will not be afraid to use cryptocurrency, and they can free to use cryptocurrency for their own purposes, but that is only good purposes and we still fight with the illegal things that might happen in out there. The regulation will help cryptocurrency to grow more because people can get a new source of income and they can try to get money from crypto, and I am sure that it will help them to get benefits.

Having a regulations in the crytpomarket was really a good idea. So there will be a clear situations for the cryptocurrency to be accepted by the people. With regulations, people will not be afraid to use cryptocurrency, as the scammers are also arising and they can free to use cryptocurrency for their own purposes. The regulation will help cryptocurrency to grow more because people can get a new source of income and they can try to get money from crypto, and I am sure that it will help them to get benefited. As alot of project in the market offers good investment to people like the dencoin, regulation was really needed so that it has a good connection thru investors and the traders.

I always thinking that regulation in cryptocurrency ICOs or exchangers always needed. Beside to avoid more scammers, its use to protect investor funds. I dont think regulation is bad for market but make it more better. Investor must be more confident to invest when government regulation implemented

A group of nations called G20 had already planned to impose regulations on cryptocurrency. Their aims isto prevent the use of cryptocurrencies anti money laundering and funding terrorism. Some countries have also plan to control the flow of any crypto transactions by imposing their own brand of regulation. The type of regulation will depend on how authority on each country view the crypticurrencies. Some regulation protects the users from any scams and other crimes, others are restrictive.

If in case a certain entity will take charge as the Regulatory Body for Cryptocurrency, I don't think they can get the overall scope of crypto.
This idea is still complex in nature and no one has the full grasp of how to implement such regulation.
With most of the transactions going on are anonymous, they would have hard time of containing those possible sources of money laundering and terrorism funding.
As of now, only those exchanges or local exchanges with KYC can track the movement of their respective clients, but still, they are limited to some degree.
After all, the invention of bitcoin is not to be regulated by any government or private entity.

I have always supported the different type of regulations for different type of usage method. For example, taxing the miners the same way you tax traders or taxing the exchanges the same way you tax casinos should not be the same at all. Countries should not have a broad "crypto tax" in general and let that be, they should be taxing the way you use crypto and take advantage of that. Also they could even use the taxes according to what you are taxing.

For example, tax the miners and then use that for environment since they do use too much electricity and so forth. I think that way governments can make their countries a lot better and can improve the level of living in that country, not by a lot but at least help a bit.

Providing a regulations in the crytpomarket was really a good idea. So there will be a clear resolution for the cryptocurrency to be accepted by the people. With regulations, people will not be afraid to use cryptocurrency, as the scammers are also arising and they can free to use cryptocurrency for their own purposes. The regulation will help cryptocurrency to grow more because people can get a new source of income and they can try to get money from crypto, and I am sure that it will help them to get benefited. As alot of project in the market offers good investment to people like the dencoin, regulation was really needed so that it has a good connection thru investors and the traders.

Regulations in crypto markets are now required to save investors from scam projects as many ICO’s comes to the market, collect money and ran away. If the regulations come into effect then doing scam is not easy as every company knows that they will be punished if they bypass laws.

Regulation is gradually being introduced globally as more exchanges become compliant and IEO offerings are being properly analyzed by major launch pads to ensure they aren't scams which is making the industry safer for retail investors who are also becoming better informed about what to invest in

We must have a regulation in crypto market so that we can avoid of those people who wanted to scam in many investors, if there is a regulation many investors are going to invest in such project because they know their investment are safe.

Many potential investors are keeping off because of the volatility of the market. Its very confusing to new investors. Regulations can solve this problems but personally i don't want it.

Regulations in Crypto are already implemented in most of the countries right now to protect the crypto users specially the investors. The only concern for the regulation is the KYC process in which it looks like need some modification because the illegal people can easily bypass the current process using fake identifications.

At first glance reading this thread, a sudden question pop up in my mind. Who's going to create this regulations? If it might happened. Will majority users of cryptocurrency conform it? I think one of the reasons why they choose crypto because nobody has a power to hold and govern this as digital currency.

The consequences, of course, will be. If regulation starts, then for many investors, investment in cryptocurrency will simply become impossible.First, few people will be able to prove the origin of funds for investment.Secondly, if such a situation occurs, the minimum Deposit for investment will be increased accordingly.It's also very bad for the market.

It is not easy to apply regulations in cryptographic space, most people lose their money when investing in one of these projects because they do not understand what really happened. But if in the future there is indeed a regulatory solution that makes crypto space better, everyone will welcome it proudly.

Regulations have been implemented in this forum. What needs to be applied to project owners is strong regulation so that benefits can be felt by all parties, especially the personal owners and teams involved. If the fraud project continues to increase, I agree with you that investor trust will be lost.

As Bitcoin prices increase, more and more scammers will appear. It's unavoidable. but regulation will save us from them. either we must learn to determinate them by ourselves