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Many people belief that the only solution crypto space needed is regulations, what will this solve? The biggest crypto problem is scammers, how can regulations cure this disease? Because regulations can only work on centralized exchanges and projects, what do you think? Drop your thoughts and let's hear you out?

Are you sure that the biggest crypto problem is a scammers? For total newbies - maybe. But actually if we are talking about big players regulators are much more important. Some merchants not ready to accept crypto in some countires because its illigal or, at least, not allowed

If you think regulation can help you from scammers then why all these bank frauds are happening, fiat money is completely under the control of every government right?

So regulation is to make you to pay more taxes and that is the only thing every government want from their citizens.

Maybe you need to read more about crypto regulations and cryptocurrencies generally. It is not only scammers that have a negative impact on crypto and furthermore you made mention of centralized system as the output of regulated system which is true but you still do not know that in a centralized system, scammer identity can be traced which is the reason why centralized system require KYC documents especially when you want to move a large amount of crypto asset.

Even the exchange is regulated there are still many scammers and hackers that will find a way to grab peoples money.

The regulation of exchange will not give any help to user's unless the exchange can freeze balance the day it is sended to other address its hard to know if who's account will get hacked the day before the funds transfer to other wallet address so  the same results  expected to happen even its regulated or its not.

think the biggest barrier of cryptocurrencies is the government's opposition to the cryptocurrency market. Governments around the world don't like a currency they can't handle so they don't like bitcoin and cryptocurrencies.
Imagine that one day the president of the United States or the president of China said that their country would support bitcoin, certain that the price of bitcoin would rise ever higher.

as we know that crypto regulations will not solve problems in the crypto industry, on the one hand scamers will never stop deceiving their victims, on the other hand some countries do not approve the presence of the crypto industry for several reasons, especially for negative actions such as money laundering, transactions illicit goods etc.

I personally believe that favorable crypto regulation will do good to the market most certainly. Scammers are present even in highly regulated markets so it is impossible to get rid of them. However, with proper regulation and legal framework around it, we will be able to reduce the number of scams for sure. But the use of regulation is not only to stop scammers. There are huge benefits for crypto market if we regulate it,

1. Legal merchants will be interested in accepting bitcoin as a payment method
2. People will be able to promote bitcoin openly to the mass
3. It will pave ways towards innovation
4. Service class people will be interested in investing if a tax framework is provided
5. Banks will stop spreading fake news about cryptocurrency
6. It's legal

Now along with regulation, if LN is adopted by mass it would definitely give Visa and Mastercard a tough competition.

Many countries today are accepting Bitcoin already, just recently Canada approved BTC also. The more countries and banks accepting Bitcoin will open up for more altcoins like ETH to be accepted as well. There are projects that are already accepted by companies like Samsung phones developing wallets for them. It won't be long we may never see the price dropping anymore especially if all these are already on mainstream media.

I still strongly believe regulations in this industry are the way forward, seeing how the crypto industry has been abused, there is every need to implement regulations to forestall some of the great atrocities that have been committed in this space. Unfortunately, everyone is too busy trying to take advantage of the lack of regulations and this means, it might take a miracle to truly get the regulations needed to this industry.

The only solution is a global crypto authority something like United Nations or some of its sub agencies and the scope of this agency should be to make rules and policies about crypto at a global scale and any new project looking to raise funds should also apply to them where they after analysing each and every thing and interviewing the team register the project and then allow them to raise funds and keep monitoring the proje t at every step similarly there should also be a section related to bounty campaigns and disputes management.

It will not solve all of the problems but it will be giving a limitation for the crypto users.

As long as everyone DYOR before try to join or use any service and the scammers can be avoided easily. Regulation just try to limit the room for scammers but it will not actually prevent them.

The most likely scenario is that Bitcoin won’t be the sole global currency in the new world order. Instead, other currencies will continue to exist, including inflationary fiat currencies that encourage consumers to spend and lenders to lend. Bitcoin has proven itself as an effective store of value and could operate alongside markets like gold or as a go-between for global transactions or currency exchanges. so lets see...

Fiats got all the regulations which made scammers to be eradicated?
Paypal got dispute facilities under heavy regulation which made scammers not to be using paypal?

I mean regulation will not guarantee to have a scam free environment. But only when common people are careful enough, scammers may not find enough opportunity which will enforce them to switch their business from scamming. Other than this, I am not seeing any kind of regulation will stop scammers completely. Because, scammers will find a new method to bypass the regulation to scam us.

Having a review/reputation tracking system like this forum may help us to avoid scammers even in decentralized system. There are lots of usual practices and step by step procedures are available for staying safer in decentralized environment. So, regulation alone is not a solution for having a scam free crypto life.

Another thing to point out, the regulation only acts as a sign for people to know what they are dealing with and act like a big filter. The scammer will always be there no matter what will you do because it comes from human greed. Regulation might be needed but not for the crypto but for the platform that uses or planning to use crypto itself. It is needed to prevent a shady action like stealing customers ' data and many more.
So what we are really needed right now is not a complete regulation on cryptocurrency but a simple way and an easy way to operate cryptocurrency. Nobody is going to use cryptocurrency daily if it is too complex and hard to do.

There are plenty of chances for cryptos to be regulated because we are not having sufficient infrastructure to be operating as a purely decentralized system. When we are depending on centralized things, governments will definitely interfere in the name of regulation. At the same time, those regulation will not be happening for the reason of eliminating scams from this space but government will do for their own reasons like regulating money laundering and other related things.

When crypto space is having on its own infrastructure for serving people end to end then we can ignore any government regulation. It means we can simply lead a life based on crypto without need to get verified for the reason of availing any regulated services. But it will take time but that is most expected stage this crypto space to move into.

If regulation is what we need, that breaks the purpose of crypto as being used to be free from the government and centralization. Although, there is truth in it so that we can get more support from the government and make the crypto space stronger, there should be a regulation which provides and guarantees the support of the entire government.

This problem also exists in real life not just to crypto. If the victims can find some real and genuine evidence of the scammers, they can report it to the authorities and file a case against them.

I belief regulations can control scams in crypto space to an extent, might be impossible to eradicate it completely but it will be an effective move, hoping for regulations is a good thing, scams is making crypto looks bad generally, not helping one bit

And I also agree with the second post, regulations may not completely wipe of scammers in the space but will go along way to reduce it, it is very hard to trust any project now because of fear of being scammed, the market is too open and free hence the reason for so many fake project around looking for their prey, I think regulation is very necessary in other to sanitize the market.

Cryptocurrency fraud is really one of the biggest problems that prevents its effective development. However, not only exchanges suffer from scammers. First of all, these are new ICO projects. This type of activity is in decline precisely because of fraud among ICO teams. If the organizational regulation of this type of activity by the states is established, then this will largely solve the problems of ICO and will contribute to their revival. And this is one of the main ways to improve cryptocurrency.

If crypto currencies are going to be completely regulated, then they no longer will remain decentralized. They government will get power over the currency. You won't be enjoying your financial freedom anymore. Bitcoin can never be a centralized coin. It was made to be completely decentralized.
The government can come up with their own centralized regulated currency.

I do not see any regulations in my country, even nobody knows how to regularly pay taxes from crypto profits. So yes, we can expect that regulations come, but we do not know if this help cryptocurrencies with adoption or not. Nobody knows it. We can only pray, that it opens the door for many clients that are waiting for positive regulations.

Regulations and decentralization are different things that people mistake with each other. Regulations means "you can't buy 100 bitcoins anonymously, if you do that will be illegal" which is fine, decentralized means "government can't bring 1 million bitcoin and give it to companies" those are totally different things. Regulations are a way to control what you do with money, decentralization is about controlling the money itself and not what you do with it.

So, regulations could be helpful, I personally do not care if government checks what I do with my coins, they can trace me and see that I usually buy regular stuff like food and clothes and so forth and pay my bills and credit cards with it. If you are doing anything you want to hide from the government, there are coins like monero for it.

If you talk about the scammers, I think we already have our personal regulations which are we must be careful when we want to invest in the project. We already search for more about the project before we invest, and I think that is enough for us to prevent the scammers. Even the government will not easy to find the scammers, but they will use many things to catch the scammers.

You cannot remove scammer from this market. And scammer exist everywhere, so you need to protect yourself from them. If you do not have the knowledge, you will surely be fooled and lose money

To control money laundering crypto exchanges have already implement KYC, on binance buying Bitcoin over 5000$ requires KYC, and that's a good move from exchanges but regulations have no power over scammers, we are into paper money which is from the government and yet hacks still happens on bank accounts, this says everything.

For bank account you still have to safeguard your online details like password and your ATM card security is all your responsibility, why is that? So government getting involved in crypto won't bring anything new, government hates crypto because they can't control it and that's why crypto is wonderful, the true act of freedom against the government

So many times SEC have been catching the scammers from the various project and it looks like the effort that has been doing by SEC didn't even work to give punishment to the scammers and more and more scammer are still around us. That has proven the regulation is not so effective.

With or without regulation scammers won't leave this space alone, it's left for crypto fans to keep themselves out if trouble and losses, regulations from government won't make a difference and mind you this won't stop crypto adoption in future, in the end countries won't have choice than to accept Cryptocurrencies

Good point, things should be better now since SEC keeps hammering hard on scam ICO projects but instead more scam projects keeps coming, for online business users are at their own risk, government won't safe you but do more damages.

If that is what they believe then I could say they're just a minority compared to many others against regulations. There are many ways to combat scams, not just force regulations on everyone and things that will compromise the whole decentralized that make crypto become popular today.

There are some who agrees on this idea, also you are right. Scammers are the greatest threat on this business. Many people have been affected and fooles by these guys. If you think about it, regulations can somehow limit or decrease cases of scam if there is a providence applied mostly on ICO generated sites then these events will be lessen. Im not totally agree with some additional regulations cause Im sure this will be abused by authorities, but if they could draft a more comprehensive one that will end this then maybe I'll change my mind.

That will solve below

It will not totally eliminate the scammers in the space but it will significantly minimize the scams.
Big portion of the scams are from crowdsale, if they are all regulated, they will have to comply all the necessary requirement first before running an ICO or IEO, and if they scam, the government can go after them easily as they know all the information from the team who run the crowdsale.

Regulation focuses on how to tax and watch the move of every crypto, Both startup project and exchange which is somehow needed based on the past issues that we experienced before like Mt.Gox exit scam and tons of ICO scam. Technically, Pure decentralized will not really work on our current condition. Let's admit it, even the famous BTC are now being regulated thru the used of exchange which is the only place to buy bitcoin unless you buy OTC which is quite risky IMHO.

I also believe that the solution for massive adoption is the crypto regulation, when the market is regulated, people will feel the security, that is why the decentralized system cannot beat the centralized system since we have the government that will implement and monitor the law.
Decentralized system gives full freedom but it's very risky, and not a lot of people are high risk takers.

Maybe there will be manipulation but more from the government, so we need to vote wisely on who will govern us.

Crypto was build as a decentralized system but it can't prosper without the help and support of the government, this is a revolutionary technology that requires the support of the government to succeed.

^ Regulation only means that the government allows the usage of crypto and removes some risks associated with scams, but that's about it. Cryptocurrency as a product still need to compete with other products, that's my concern.

* If it's about the store of value (sovereignty), it needs to compete with the gold.
* If it's about the payment system, fintech businesses are the leading competitor.

Atm, the strongest crypto use case still only for gambling and trading/speculation.

Although regulation is opposite the aim of crypto for decentralization, I think the government puts out this policy to control abuse of projects. It put some sense of order to the industry. But if it controls too much the way the industry flows, it is also bad. Crypto is becoming mainstream that is why scammers are growing also.

The government is not wrong at all consider the government is also wanna try to protecting their investors from the scammers and it's not against the decentralization of crypto. The only way to avoid the scammer was through doing our own research to the project and never try to fall into the a big promises.

We don't ask for regulation, it will just come, the government are just watching us and sooner when the market gets bigger, they will dive in to regular crypto, that way they will get some taxes from us investors.

It's not new, as anything in this world can be touch by the government, so if we are hoping for full decentralization and full privacy, that would not happen as long as we have a government. Maybe for some countries crypto are not yet so popular so the government has not seen them yet or they haven't thought of regulating the market yet, but crypto will mature due to the increasing adoption and eventually the time will come that a certain country will be regulated.

The future of crypto is full regulation, and massive adoption will come next.

if what your saying was true that crypto regulations only work on centralized exchanges , they cant monitor the scams that are going outside the platform like example a scamer go lurk on social media and ask someone with a good deal . the user that trades on that centralized exchange can get scammed without the exchange knowing it and will be too late to blocked his account . ive seen lots of this happening lately  . we need wider support for regulation

Crypto is still illegal in some countries and through regulations the problem can be solved but regulations can't erase scammers in crypto space, it's not possible, in everything that deals with money there will always be stealing and cheating, whether offline or online it's doesn't matter

There are already centralized exchanges that are being regulated by the government in their countries. As for scammers, that's a problem, but even if regulation comes in fully into cryptocurrency and it's being declared as a legal asset in every country, there wouldn't be any much changes and scammers will still be here. So in this case of scammers, it's still up to us, to be careful.

If you don't want to get scammed, then you should stick to trading on centralized exchanges and also avoid new projects that you know nothing about. There are decentralized exchanges and these ones are not going to be regulated, they will still remain like they are, because there is no way that the government can regulate them.

Regulation is needed for mass adoption.  Once the government acknowledges and regulate the cryptocurrency industry, the feeling of protection, and security blossom.  Why?  Because guidelines that were non-existent will be available.  In case a new project or ICO appears, investors have an institution to verify if the said ICO is legit and have the proper documentation to operate.  The regulation will somehow filter projects and at least minimize scam ICO that plague the crypto industry today.

Regulations definitely come, but I believe it would be the best what we can expect because we finally need some clear rules, what cryptocurrencies are, how can they be used, how to pay taxes, and much more. Without this we live in the fear, what will happen in the future. But I believe that governments will regulate cryptocurrencies in a way that will help cryptocurrencies to adopt - because they get money from them, right?  ;)

In my opinion, coins circulating on the market today sell tokens by ICO or IEO methods and certainly have offices because they have employees. In contrast to coins such as Bitcoin which is based on open source and communities that are truly decentralized, many altcoins have offices and this can be a reference to regulate regulations.

To be honest, I'm against the entire concept of crypto regulations because regulations and long chain of centralization are among the key challenges bitcoin was created to solve so if the crypto space is to be regulated, it implies that we are handling the concept of cryptocurrency to government and other legal parastatas which i believe everyone will agree is not what we really need in this sector. I believe the challenges of scammer attacks can be solved if cryptocurrency platforms works on their security algorithms to make it stronger

I think cryptocurrency regulation is not very important because the fact that I read in whitepapper bitcoin shows that Satoshi Nakamoto wants to create a currency that cannot be controlled by anyone. Only coin holders can control their coins, so cryptocurrency does not need regulations to develop, it's just that maybe for ICO and IEO it is very different from bitcoin and may require clear regulations.

Regulations doesn't doesn't solve anything, it just give you extra burden which is called taxes. :D

Regulating something doesn't keep you secure from scammers because they know how to scam you without giving you their identity in an online deals so you can make a compliant when it is regulated and got laws against these scammers but there you have less chance to find the person who scammed you.

I think only regulations can stop cryptocurrency dump because scammers can announce only fake projects. Regulations are needed everywhere in our universe. Some regulations should be fixed from blockchain. If new projects choose this blockchain, they have to follow these rules like they can't increase or release any amount of tokens they want and coin should have maximum supply.

For bitcoin it is. However how about those ICO projects that have committed so many crimes in the past? What can you say about their protocol? Authorities are just scared that if this continue too many investors will suffer from scam and fraud. New projects are taking advantage of this boundless regulations. There are some who got punished but the culprits of other scams? They just freely roaming again and doing new scam project all over again.

This is more reason we need regulation, which some are against and others are supporting. If regulation eventually has its full course, then the interest of investors, most especially the novice can them would be protected.
Although, I am not in full support of regulation, because it has its own flaws, but if some conditions can be fulfilled to remove the flaws, then the better.

Agree with you, we can not set rules with cryptocurrency. This is a decentralized cryptocurrency and everyone has control over it. We only need ICO regulations to restrict scam projects in this market

If you think that the government and their rules will save you from being scammed you must be living in a different world.

Regulations aren't needed and won't change much. They will reduce the number of scams but only those who are not cunning and daring enough.

It's not the scammers that are the biggest problem in crypto but the people who grew up thinking due diligence is not important because there's a government official's shoulder to cry on.

I'm sorry but I will disagree with that, for me, regulation will protect investors from investing in crypto, though it's pretty basic that everyone who are investing must have the knowledge but sometimes there are project that looks deceiving because they look legit, without regulation, they will be very confident with their scam activities.

The regulation will punish those who violate the law, especially the scammers of those, therefore it will reduce the scams as no one would commit a crime and end up to be in jail.


With regulation, there will be more businesses going to adopt with crypo and they will be the one to make an initiative to help spread the awareness on  the risk of crypto investing, and that would help people to understand the real status on crypto in terms of its risk. Regulation will help minimize the scams, that's for sure, but it will not eliminate the scams, and we always choose regulation as it would help majority of us.

Regulation is good but who will do such job?
Difficult to create a Central Authority for all those blockchain projects as who will be the leading personalities to manage this organization?
If every country will have their Regulating Body, there will be different rules and regulations, depending on what they perceive about blockchain technology.
We will not see regulation on this field in the next coming years. If the government will find how to tax these crypto users, maybe it will be the start of thinking the regulation of projects as well.

It should be a self regulation that implemented in the blockchain. The dev has control over the blockchain and that means all of rules that being set on the blockchain created by the dev too or it can be determined by the community too. decentralized doesn't meant none can control it.

You cannot regulate crypto, it wasn't meant to be regulated from the get-go, and due to it's decentralized nature, you wont see any real regulations either. Regulations will be from exchanges, but we've got great DEX's such as Stakenets Lightning DEX, which is by far the most promising one I've seen so far!

What's exactly what Bitcoin whitepaper said, Bitcoin can't be controlled by anyone but are all coins like Bitcoin? No, we have over 7000 different altcoins in crypto space today, many of these coins can be controlled, ask me how? Through centralized exchanges, do you know how many exchanges delist Monero? Regulations is already in work

People needs something to lean on and only regulations can get them that, regulations can only solve trust issues that crypto is currently facing, nothing more, most people wants government approval before investing on crypto

Government regulation on cryptocurrencies may give benefits in short-term but in long-term we can expect lots of other big problems just because of government's interference. A decentralized system should remain the decentralized on all the times so that we can avoid all possible problems. Getting rid of scammers does not need to be regulated because there are other possible solutions are available for filtering scammers and to stay safer with crypto related activities.

When people are taking action against scammers like avoiding them by doing enough due diligence before investing then scammers make quit from crypto space. Yes, this kind of things will be possible over the time until then we must need to get practice to stay safer around scammers.

Agree, investor's confidence in crypto will certainly increase, with that, more money will flow in the market and that would help us to increase the adoption that would eventually decrease the manipulation in the market. We all like that so we need to agree with the regulation and let us not think it has no chance since crypto is growing with lots of businesses already adapting to it and that would already call the government attention to legalize crypto.

Only those who like been controlled by government will pray for regulations, they want to do things only when the government says they should, the world is full of such people this days and that's the only good thing that regulations can guarantee us, regulations can't deal with scammers 100%

Yes, I do agree with you, it is not even possible to make this place completely scammer free because they exist everywhere and each and every time they come with a different strategy. That's why it's is a bit difficult task and due to such conditions, we have to keep information about the scams and research about it to understand it in a better manner. This kind of knowledge will help you to not get involved in scams. 

With regulation, for example, you may not be able to create as many as bitcoin addresses you want. Government will allocate one or two bitcoin addresses for you and only with that you may transact bitcoins. This will help governments to track you easily. You cannot be anonymous even with bitcoin payments. This is how exactly regulation will work if regulation will be implemented.

I agree that regulation will increase confidence among investors but that benefit will exist only in short-term because in long run governments start interfering in all your crypto activities. We like or not that one day or other governments may start implementing regulations but we must innovate to stay safer in terms of protecting our privacy and our savings.

maybe, with the presence of crypto regulations can at least eliminate the ICO project fraud in this forum, but the problem is who can manage this? government? President? because I think there are some countries that don't like the crypto industry.

The regulations will not really solve this issue, But I guess it will minimize those bad activities which are good. Scammers will always find a way there so annoying. In our status now looks like we really need the regulation to enable us to attain crypto adoption so that more people will trust and feel safe with cryptocurrency but regulation now is strict on big projects like Facebook Libra considering it has so many users, I guess it takes time but for sure we are going there.

Well I'm just going to ignore all the numerous replies this thread has already gotten so I can air my view too. Jugding from what we see in our everyday life, irrespective of all the government body has done to regulated the system the system still experience same difficulties as the cryptocurrency space like identity theft, scamming etc.

That's just to say the problem isn't about regulations but the society in general. Regulation might reduce the rate at which this crimes/scams are been performed but it doesn't eliminate them totally instead with the help of the blockchain through its dApp we can work something out. Instead of fighting for regulations lets workout a solution that'll eliminate the problem totally.

The regulation is not the only way but people must educated themselves to be familiar how to avoid the scam project. Due diligence is much more important than the regulation while we know that crypto is decentralized ecosystem. I think that regulation is not everything.

Are you sure regulations are meant to work like that? What are they suppoosed to protect? Make you not invest? Make you not lose money by choosing the wrong coin?
By all means, disagree with me, but you have not given any serious points to back your opinion.

There are deceiving projects but there's so many legit ones running alongside it. Why do you feel compelled to choose that new one nobody knows nothing about?

Regulating activities in crypto will only solve just a fraction of the problem and the real question is which of the decentralized blockchain networks might prefer them being regulated? I don't think any of them would. The best thing thing that the government can do is to create their own digital currencies and regulate them.

Regulations are for what should we do and don't with this money which also will cover up with the laws if someone get scammed but in reality fiat also regulated and issued by government then why still people lose their money to scammers in different ways.

So the real way to end the scammers is to learn how to identify legitimate and scam offers.

Own currency of government and fiat currency, what is the difference? The government hasn't any interest in its own currency, only wants control whatever it is. We have a huge currency more than we wanted. Regulations of cryptocurrency doesn't work in scam projects. In Binance several IEO were successful but the price dropped. Coin release regulations could work in cryptocurrency.

in fact that at least the regulation gives a chance for investors to get their money back. As long as you can create a good report to the regulators about the scam project and the authorities will be tracking it and started to catch the scammers. We have learned a lot from bitclave.

There are many negative and positive aspect of regulation, once every country enforces regulation you need to forget about privacy as you cannot have your privacy while moving your coins if it is regulated and then the positive aspect is getting rid of the scams, including exchanges and the token industry which is infected with scams and we need regulation on that.

It could have been good if they can be easily identified. The major problem some investors are facing in the crypto space is how to identify good projects. There are r=times that the project you feel is bad or a scam project, ending up well and growing so much after listing on exchnage, then even a project that is believed to be legitimate.
These days, it is more of what you are able to risk, but better not to risk your life savings with it.

I agreed to have that regulation if we all benefiting this equally. But somehow it could put into saying that we might be controlled by the government if this will happens and that makes the community have to oppose this thing. Besides, we have already been in the market for more than a decade and there is no such thing (regulation), we build its foundation stronger without the support form the government and that makes no sense to look for regulations rather than to live of what we have now and of what we started.

However, if the government will pursue such a thing and could agree both parties, that seems to be possible. But anyway, people will take the risk if they want to even without seeing any regulations or whatever it is.

the only problem is how to identify scamer, maybe for now regulation is indeed the best way to overcome scamer.
but we hope that in the future we will find new solutions, because crypto is not decentralized and not centralized.

Bitcoin network, it will keep on working. When people will fully abandon Bitcoin, the network won't go anywhere. As long as people use Bitcoin for payments, donations, or trading, it has its value and this won't change. cryptocurrencies, though few formal rules have actually been introduced. New York became the first state in the U.S. to regulate virtual currency companies through state agency rule making.

I am not defending the scammers, scammers will always try to scam, that's their nature and the way they think they always find a way, education is the key, and awareness on how the scammers works, and why the need to regulate, this is not how things should go Satoshi envisioned a decentralized monetary system, not going back to what he and we don't want.

I think there is more to this regulations of a thing than we know. What we should understand is that, almost in every industry, there are scammers who will keep ripping off the industry to enrich themselves of which aside the crypto space, the financial industry is also one of such. In my own opinion, regulations won't likely work because that would be giving out power to the government to start manipulating things the way they want. Scammers are everywhere both in the crypto space and otherwise, and once they have the opportunity they will strike; in the case of the crypto space, the reason why it is good to be careful of projects we invest in, if we can't deal with new projects nor have the strength to research about them prior to investing and/or holding, there are already developed and trusted projects to look into.

If regulations finally finds its way into crypto space it will give many people the nerve to invest in crypto, that's all I believe that regulation can do for crypto, as for scammers it's a different problem that regulations can't solve, those who engages in crypto should be responsible for their safety.

Is scammers the main problem in crypto? Well, No. But it's definitely a huge problem for crypto. but that can be prevented easily. Most people get scammed because they lack information on what crypto is. All they care about is earning money and earning it easily. But with just a few minutes of their time to just learn about the basics a huge amount of scams out there will go away or will be avoided. But the problem in crypto that the government still doesn't regulate it or make it "legal" This is the stepping stone the crypto needs to overcome. Which will be accomplished when crypto will make a reputation to itself as "Safe" and "Reliable".

Scammers will doubt of scamming people when there is a full regulation.
Most of the scams in the past are coming from ponzi scheme and ICO, so if the market is regulated, ICO has to be registered and with that, it's easy for the authority to track those who commit illegal activities with their ICO, that's what regulation can do, it will not totally eliminate scams but it will help to reduce it.

I agree with you, just control the ICO, I believe this market will be controlled and there will be no more scammer in this market. The current market crash is because ICOs have destroyed and caused a lot of people to lose faith in this market.

There is no way of avoiding scammers . But we can safe our self educating about crypto currency has to have moderate understandign of blockchain and its purpose . There is no free money . If anything announce airdrop or bounty find the purpose read the article . Airdrops and other way of distributing currency  is only the marketing strategy . So if we are following any random mails or messages regarding free money then we will be trapped . Second point is dont be too greedy . Scammers always trigger our greedy mindset .

ICO is revolutionary in this market, and about three years ago, ICO were considered as the most profitable investment in this market, but after that boom period, the ICO projects got worse. I also lost faith in ICO projects and no longer invested as much as before because I lost a huge amount of money, and until now I still cannot earn. However, if you want to invest, you should choose IEO projects because these are very popular options for investors this year.

The central finance systems are not spare from scammers even the government who operate the Centralized systems have been dupped several times without anyone identities be find. Banks have been robbed without any trace of the robbers, with this, even when the government bring into cryptocurrency regulations, believe me those scammers will still find their ways into fraud in the systems. Regulations won't be an Almighty formula for the rescue of cryptocurrency from fraudulent activities.

I doubt that regulations could deter scams in the crypto space because even in the regulated markets scams still happening. Well atleast if the market is regulated we will know who runs the business also law could easily be enforced if the team committed violations or stole the funds of their investors.

That's right because before cryptocurrency was passed, investors were hesitant to invest in it, I believe if the whole world had legalized cryptocurrency, the price of bitcoin and altcoin would soar higher than the current price.

The main problem is how you can do that on the open market like crypto when everyone able even creates their own contract and listed it into the exchange site (scam exchange site).
That needs a huge pressure to make it happen.

I don't really see a problem if an ico is listed in a shady exchange,  people would be cautious if the exchange has a terrible reputation, i think gullible people would only fall for it.

actually simple..  if there is a regulation means there is a legal umbrella if there is a legal umbrella means all types of activities related to cryptocurrency (trading, wallet, investment, transactions) are supervised, protected, and guaranteed by the state.  You cannot catch a scammer if fraud related to crypto is not a cybercrime.  I have no problem with the state taking a small portion of the crypto tax from each transaction that takes place during you, me, and all the existing crypto players who have crypto assets in the protected of the country's law..

If there is a chance to centralized crypto currency l think  it would be a good earnings source. So l can say crypto regulation still have a  chance to get good earnings in future. I think so.

You are correct, not only the united state but other  countries will definitely do because of their investment into the fiats system. They have fought Bitcoin during it early days and lost their battle against bitcoin because of it technological advancement. In my opinion there is nothing they can do to stop the adoption of Bitcoin than to adapt the technology. We are ready for regulations to carry-on the adoption, but one thing is certain that they can't ban Bitcoin.

The regulation will boost up the crypto market as there are many countries which do not allow crypto trading as they say it is illegal. After regulation, the crypto market will accept for all countries and this will increase the ranking and popularity of the altcoin market.

unfortunately, we will need to go thought it, some governments don't understand how crypto works and how they want to screw everything some will try to do the same with cryptos, not good at all but we need to pass thought it.

Investments are risky though, I didn't talk about new projects in the crypto space anyway. Yes many new projects are scamming people so people see every new project as scam but its their own choice whether to invest on a project or not but if you ask me I won't with the current trend.Why you want to invest on a new project when you have thousands of them are existing here already.

as far as I know from the writing in whitepaper satoshi nakamoto said that he wanted to create something that could only be controlled by himself as the owner of the coin meaning that no one could control the coin cryptocurrency other than the owner itself meaning regulation for bitcoin would not be needed but for other cryptocurrency like altcoin may still be needed.

However, regulations can somewhat reduce the scams! You just said like ''there's crime all over the world despite that we have the laws". It sounds ridiculous. Agree that there are many scammers and the regulations can't stop all of them, but can stop some! Better have something than nothing right?

Regulation will help a bit, scams can reduced but not entirely wiped out, regulations is like the law and a world without the law is going to be a living hell, regulation will work but not 100 percent

The regulation will make the scammers will be thinking for a twice before they wanna try to scam others. The problem is the implementation for the open market. At least the regulation gives more guarantee for people who have invested or played with crypto.

Right. However, it seems hard to create regulations in this market. The reason is that there's no particular organization has direct controls over the market. If we need regulations, who will create? who will ensure that people follow it? What's the punishment? It's just a hard thing to do!

Sorry I'm one of those who thinks that regulations can't stop hackers and scammers, regulations can only control money laundering in crypto space through centralized projects and exchanges, I don't expect much from regulations

Crypto is already regulated, regulated by the team and their idea, you know what you can and what you cant do with some coins. Further regulations will not help, centralization will not help, centralised projects run by groups of people for one purpose, that group to be richer, while others will stay on bottom will not help (that kind of system last for decades).
What we need is awareness, we need tolerance, compassion, understanding. Only we that we can rise as society where every person will have the same rights and life conditions.

It cannot stop any of these but it will be a great help to minimize this kind of crime.
Well, it's maybe hard to stop hackers but the scammers, I think there will be a significant decrease of scams in the market as scammers will certainly face jail time if they will do this illegal activities and I believe when the market is regulated, more preventive measures will be put in place that we will follow.