Bitcoin Forum

Will there ever come a time that the government reaction to crypto will be encouraging for the people? Lately the head if international monetary fund Christine lagarde stated that regulatory action from the international community on crypto is inevitable ..what do you think

The cryptocurrency industry has already been regulated in almost all countries around the world.
Despite all those regulations,many central bankers and government officials are talking about MORE regulations.What's the point?The cryptocurrency industry needs better regulations,not MORE regulations.
I couldn't care less about the opinions of Christine Lagarde in regards to the crypto regulations,because she(or the International Monetary Fund) doesn't have the power and authority to regulate the crypto industry.Only the national governments and parliaments can regulate the crypto industry.

This is a general trend around the world: there are more and more taxes and more and more regulations. Every now and then a government will lower taxes a little and remove some regulations, but the long-term trend is inexorable. The crypto world is no different. At this rate states are going to tax you for looking at the price of Bitcoin on the screen.

Why not? Bitcoin doesn't need to be legal tender if the government want to regulate it, they will only accept Bitcoin as property and taxed it. To be honest it doesn't make harm to the country since Bitcoin isn't a legal tender similar like how precious metal it is, so accepting Bitcoin is win win situation for government. Banning Bitcoin in order to make their citizens safe from high volatility isn't enough, no one can stop decentralization.

Bitcoin is a cryptocurrency, the key word in there is "currency". It was always going to be regulated and nobody responsible should fear this - it will make cryptocurrencies stronger in the future. For all the talk of having anonymous payments, with the advent and widespread usage of exchanges by the average person, there was never going to be any other way around it - all that information on the owners is getting stored in one location already and accessible to regulators. The biggest benefit from Bitcoin and similar crypto is that everyone has the option to be their personal bank, like carrying around a wallet with cash in real life, yet it allows global access in a similar way.

The hand is already written in the wall that the world is going towards regulation of cryptocurrency or bitcoin use in individual country but not bitcoin itself because it is decentralised. Individual country will have to play the part they want on the people. Looking at the war in Ukraine and Russia being taken out from Swift, they won't have choice to begin the use of bitcoin like Ukraine has asked for help through BTC Eth and USDT. This is a development that will grant more access to the regulation process for more countries.

Yes, El Salvador and Ukraine now accepting donations.

And that's what's happening with Ukraine now. Whether there will be a regulatory action from them or anybody from the international community or authority, everybody wouldn't care.

They can regulate it from those known people or offices that have announced that they're receiving money in crypto.

Actually in some countries it seems the government has regulated it without having to make Bitcoin a legal tender,
Bitcoin is one of the promising assets and currently its development is extraordinary,
no one expected the price of Bitcoin to be like it is today and of course the government is here to regulate it

So what else do you expect from someone who is the complete opposite of what Bitcoin was invented for? Greedy bankers and their political servants at the moment estimate that it is better to regulate Bitcoin as much as possible, and profit from it through taxes and the fact that the entire crypto industry generates added value to each country's economy.

If the US or the EU opted for the approach taken by China, they would lose part of their income, show that they are no better than the declared communists, and they would also lose all control over the cryptocurrencies they now have. What is important to emphasize when it comes to the IMF is that they constantly emphasize that they see a far greater threat in stablecoins than, say, in Bitcoin and altcoins.

Because the unpredictable price of bitcoin is what makes it difficult for them to regulate it. Besides that, the decentralized nature of crypto makes the government think twice about how to determine these parameters, because each crypto must have their own nature because of their technology

Bitcoin already accumulated huge marketcap and for sure this already make those regulators to think good on this since for sure they are thinking ways to find ways to get more income to their country and to help their economy and since bitcoin is already available which can possibly give them if not billions or millions of dollars yearly income they provably sign a regulation so that they can control how their users use this on their transaction inside their country.

I will not be surprise that in future more country will follow El Salvador since this is a wise choice for adopting the new changes in economical aspects.

Some say its difficult to tax large corporations and the rich. Many years ago, when the US government proposed breaking microsoft up on grounds of anti trust laws, Bill Gates was acting CEO of MSFT. Bill Gates threatened to move the majority of microsoft operations to canada or another nation if the US tried to break them up. The US government backed off and in the years since, the topic has never been mentioned again.

If american taxes are raised on large corporations like google, amazon, apple or tesla. They simply move operations to another country with lower taxes. The united states loses a large share of tax revenues and jobs and the american economy suffers, which will make the politicians responsible for tax hikes look bad.

These same precedents apply to crypto regulation as history has shown. Crypto banned bitcoin mining, the miners simply move to another country. Americans are moving to states which offer better bitcoin and crypto regulation. In extreme cases, many americans renounce their citizenship to move to puerto rico with its 4% income tax.

Regulation doesn't end the discussion, as we have witnessed with nigerian central banks closing bank accounts associated with bitcoin. Canada also tried a heavy handed authoritarian approach to things with mixed results.

Not all wants btc to become regulated so if they did this, btc users could dropped and the chance for them to earn big is going to be lessened but why can they just use btc without needing to regulate it? That is still possible but I think they cant tax btc users this way however the money that they can get from their investment is still huge and better than the tax equivalent because more people are now going to invest in crypto when they knew that their government is already allowing it.

Without regulation, crimes can still be controlled because bitcoin is not new anymore and there are now lots of tips online that we can read if how can we secure ourselves.

I think so too but I am not in favor of any regulation that's going to be infringing the people and will only benefit the state, I think that it's in our best interest right now that crypto isn't going to be regulated because we know how the government will exploit the system that's currently inplace. I think that regulation is needed but it's not good for now.

Regulation of crypto in centralized exchanges are really inevitable. It's the government's decison on how and to what extent they will impose on centralized platforms that cater cryptocurrency. Typically, these exchangers under the central bank are required and mandated to ask their clients for KYC for the accounts to be verified and usable to its maximum. Taxation is also a thing and I guess this is what keeps the government allowing the exchangers to operate, in accordance of course, to their conditions and policies. But if I were to ask if bitcoin will be regulated in general, my answer would be no. Since bitcoin specifically is a decentralized asset and it couldn't be manipulated by the government no matter how hard they will try. They can dictate its legality in their country as well as the platforms that offer it, but they cannot control its movement in the market.

When the crypto was not supported by the government, the same was supported by the people. It was common in all the developing country.It was common in the developing country for the repeated manner.When their is a dress, we find different colours.Like that we had a lot of cryptocurrency to inverse our money.The government legalization always plays a vital role in the price movement of bitcoin and other currency.

After much pressure and threat from the government on crypto investments I think regulation will be the last option deployed to create a level of understanding between investors and the government. Although the regulation will be limited to exchanges. We can't do without international community interfering and that's the sad reality

If we want more adoption of crypto market, I think, that regulation is really inevitable. Because with the regulation of the government comes with more trust of people towards crypto. Up until now, a large part of the population are still hesitant to touch crypto because of these negative issues like hacking, scamming and other fraudulent activities tied-up with crypto market. Those who have never transacted with crypto or just reading the news, will have a different perspective towards crypto. But if the government is already in the middle of it, I guess, they will change their mindset and will have more confidence on taking a look at crypto.

This is really inevitable, We can see this on the current situation between Ukraine and Russia it looks like the international board can really do everything and this regulations might happen to prevent any illegal funds coming into a specific place so we can expect a regulatory body in the future. Though cryptocurrency should remain decentralized, but that regulation is something we should be more ready when it happens.

TAX is all they do really concern off which same as you said that this is a trillion dollar marketcap which they couldnt just let it slip and something that should really be having that involvement.

We dont need regulation actually but those platforms are the way for them to get involved with for that kind of motive.Its not an option but rather this is an inevitable thing to happen.
They couldnt do it technically but they could really involved with those services and platforms which is connected to it.

If the regulation can benefit the community of course this is a good thing, I'm sure if the regulation is implemented there will be strict control so that crypto is not decentralized, in fact almost all countries have regulated crypto, namely by implementing KYC on top exchanges and if they don't comply then they are banned banned like top exchanges in my country which can no longer be accessed.

Some government action is really inevitable when it comes crypto currency to be honest, but in my view it still a majority because look what others doing, i mean the numbers of countries that already legalize bitcoin and implemented it as a legal tender.

Luckily bitcoin is unstoppable as well because many people still believing that there's a brighter future in bitcoin than holding real fiats reason up to now some government hated bitcoin cannot halt the adoption.

The international community are finding ways to scare people away from crypto by implementing stiff regulation on crypto. They have foreseen the future of crypto, knowing fully well that if they continue to keep quiet, bitcoin will take over fiat as the number one choice of currency.
The government doesn't like the anonymous nature of crypto, and the financial freedom bitcoin gives. They want everyone's finances to be on their watchlist, to monitor what goes in their account and comes out from their account.

I think that there are some economic/money “leaders” that are very pro-cryptocurrency. Now of course there are plenty that aren’t, so that’s why regulations are essential. As much as I don’t necessarily like it, there’s no option around it. Think back to the way things were in the early days, how poorly exchanges acted and treated its customers and that shows you all you need to know as to why regulations are important.

Change will start from the government leaders. If they are more optimistic on crypto in the first place, then it will build a sense of acceptance on part of the citizens. But if they keep on pointing out that crypto brings threat to the people due to its risk, then most likely people will be more hesitant on crypto. However, regulating crypto will be much better instead of banning it since the freedom to use for crypto is still there but its somehow controlled or limited.

Well, i think regulating crypto does not gives the whole advantage on the international community alone. Though they are benefiting it through taxes that they can obtain from those exchanges, but crypto or bitcoin regulation has the potential to make the market much safer. It will still likely be a risky investment, but with protections for investors, it's less likely that the market will be able to face as much outside manipulation. Overall, this is a good thing for people who want to invest in cryptocurrency. So its also an advantage on the crypto market and crypto regulation is one way of raising crypto awareness for all potential and non potential investors. https://www.thebalance.com/can-bitcoin-regulation-make-cryptocurrency-safer-4173836

For sure there would be some benefits but as possible as it should be then crypto market shouldnt really be touched up by centralized things but its inevitable just like on what others been saying.
Its beneficial on the sense of exposure and act of adoption but it would really be having some sacrifices as well as we do all know.It is really just a matter of choice whether you do opt to deal
on it continuously or would find for another things which would really cater out your in concern about anonymity and decentralization.

Instead of campaigning against bitcoin or crypto by banning it, it would make more sense for the government to think about how to profit from it by regulating it even if the regulation is limited to tradable assets (not as a means of payment). Taxes are one of the many ways for governments to profit from bitcoin or other cryptocurrencies, so perhaps regulation is a better way for the current government than banning it as China does today.

There is no more plausible reason to ban bitcoin in a country than a government that wants to keep its centralized financial system longer or that they want to own and develop their own cryptocurrency. There is no reason bitcoin can disrupt the economic stability of a country because basically bitcoin has helped the country's economy from a different side, especially for its users or people who believe in the potential profit from it.

Cryptocurrencies can be a potential source of income for the country, starting from taxes or a different side. Cryptocurrency trading that continues to grow can provide a potential contribution to the country. Market capitalization that reaches trillion dollar can be used as additional income for the country. The conditions are that it must be managed properly.

The state must play a good role as a regulator and a facilitator. The right policy will be an advantage for the country and supports the welfare of all elements of society, especially crypto users. Crypto users and businesses will be very happy if state institutions have an exchange, because they will get a legal certainty and all parties involved in crypto trading feel protected.

Crypto is big now and it's something that even the government don't want to miss, remember that CBDC became possible because of crypto and blockchain technology, no matter what regulation will happen sooner or later.

CBDC has already failed. Who exactly have you seen that is interested in making use of CBDC? They are digital currencies that were created for the purpose of transaction, and how many people have you seen that are making use of it to make transaction? Moreover, they are currencies that only function in their locality, they are not like Bitcoin which you can use to make global transaction; sending money to anyone that is anywhere around the world. They are simply the same fiat, why would I stress about using them? I already online banking, so it is of no use to me.

And as for regulation of decentralized currencies, we don’t know how that is going to be yet. We are still at the early stages, the government are trying all they can to regulate it, but we don’t know if it will work yet.

Well it’s possible, there are centralized exchanges, so the government would always use them as tools to regulate the cryptocurrency market. They will be able to get out as much information from custodial wallet users, as much as possible.

People have never stopped making use of custodial wallets where another party is in control of their private keys, an organization that is being controlled by the government. But, one thing for sure is that the government will not be able to control the decentralized world. Exchanges that are decentralized would still remain safe, I believe that.

But the question is, how long? Regulations are being implemented faster than we thought as long as they saw a large cash flow of a certain decentralized exchange. I think there are numerous limited decentralized exchange out there that isn't been implemented with regulations yet. And the government will continue to push this regulations to almost every exchange they found making lots of transaction almost everyday.

If this information is coming from IMF (although no link for that) then the point is already made that soon full regulation will come in place. With the importance that has been elevated of bitcoin in the world as Russia and Ukraine are fighting this war and Ukraine accepting financial assistance on bitcoin, then it is a little more time more. I don't expect a full regulation though but something that will also make it legal to use.

Regulation is inevitable! It will come our way sooner or later, but we won't be able to avoid it in any way! Now there is a difference between regulatory action and regulation. Right now, the crypto has reached to a position where regulatory action seems quite unlikely. Rather we will have some sort of framework and regulations available for all of us to adhere to. Definitely it can't have a holistic effect but IMF and international bodies will try to bring as much population as possible within the regulatory framework.

I believe that will be good to some extent for the growth and adaptability of cryptocurrencies in long run. But yes, people may not like regulations around KYC or taxation. But not all regulations are user friendly in it true essence. So we will have to see when it will come. But it is inevitable!

It is inevitable, after all we do not control the reactions those governments are going to have towards bitcoin, so something like this was to be expected and there is nothing to worry about.

After all as long as the essence of bitcoin remains unchanged then you will still be able to use your bitcoin as you want, just as governments do not have complete control over cash transactions they will not have complete control over bitcoin transactions so you will still be able to skip around those regulations if you are willing to make the effort to do so.

Even if we do react, as if we could have something that we could do? None still because regulation would really become more strict and even if they couldnt regulate or control crypto directly or technically
but still they could really put up their focus on to those platforms which do runs of a business that connects out with crypto on which those platforms wouldnt really be having any choice
but to abide with the laws or else they would really be facing up on a tough situation and this is where things do become more hard if we do really talk about totally decentralized stuff.

I am sure that governments around the world will try to impose some control over cryptocurrencies, the question is how much they will really be able to achieve something! With the advent of the Internet, the world is changing, the Internet is changing the world, and so far we have been able to understand that it is almost impossible for any country to completely eliminate the influence of the Internet!
With cryptocurrencies, something similar is happening, it is spreading everywhere with incredible speed and entering all spheres of society, as far as control is concerned, with over 15,000 cryptocurrencies it is difficult for anyone or anything to control all this! So when it comes to regulating the crypto market, I think it is somewhat possible, but there will always be a free part that will be completely decentralized, and who knows, maybe one day in the distant future that decentralized part will beat the centralized part!

I think so after what happened in my country. When the country legalized crypto as a commodity asset, many people ended up working in the crypto industry. And the bad outlook on crypto is starting to fade. However, when there are other regulations regarding haraam in crypto, then there is a lot of negative news again and people choose to stay away.
This may have an effect on society.
However, this won't be of much consequence to anyone who is probably already familiar with the crypto industry and already knows how good and bad it is.

If you are expecting governments to say this in public, you will be disappointed but in future it might happen that governments are more lenient towards crypto and its transactions as soon as they devise a method to successfully tax every capital gain on this asset.

Regulation should be taken up with a positive note, in my opinion. It is inevitable because the number of scam projects making a bad name for crypto are way more than any legit project. Bitcoin is no longer the focus on newbie entrants but altcoins and shitcoins that have no value. They do learn their lesson but by then it is too late.

It is the reason why proper development in tech on this sector has also slowed down.

Governments cannot control cryptocurrencies but they can issue regulations so that everyone is not allowed to use cryptocurrencies. Apart from that, the government can also impose cryptocurrency profit tax rules on users even if they do not legalize it as a legal currency or tender. Check out what the Indian government did for crypto users, taxed crypto profit of 30% and they did.

In addition, bitcoin can also be subject to government regulations, especially its users. This means you can't force yourself to use bitcoin in China as a means of payment or trade it if you don't want to be penalized. You also cannot avoid taxes if your country requires crypto taxes for its users especially if you own assets on a centralized exchange.

Governments around the globe are planning to come up with rules and regulations for the cryptocurrency market for a long time but they are yet to finalize the rules and regulations because they very well knows that they are not able to control the entire market like they wanted. Regulation was inevitable from the start because no government wants to leave a financial market just like that and give the full freedom to the end user, they will look for opportunities to tax them or control them as much as they can :D.

International monetary fund is a puppet of big banks and nothing more but a fiat pusher. If you've ever heard that big banks oppose bitcoin because it cuts their profits and shows people that there can be an alternative where you are your own bank, the monetary fund is like a whale among them. They'd like to regulate bitcoin into non-existence, but since they can't they'll try to make our lives harder.
The wanted to make the president of El Salvador drop Bitcoin support, but that didn't work, so they'll now try to scare other countries away.

Their banning of cryptocurrency is nothing, so many countries has banned Bitcoin but people have still continued to make use of Bitcoin quietly and there is no way that the government is able to figure out that they are doing so.

What the government literally does when they ban cryptocurrency is just to ban centralized platforms, and the good thing about Bitcoin is that it is truly decentralized and you can still continue to trade it even after it has been banned in the country through peer-to-peer means. That’s the original form of Bitcoin – decentralization; it doesn’t need any supervising by anyone, people control their wealth and make decisions for themselves here.

We all knew that that’s what they are going to do anytime; try what they can to regulate the market. There are centralized exchanges and lots of people make use of these exchanges, so it’s already easy for them to achieve that to an extent, they will take over centralized exchanges and they will be the tools.

Users who make use of centralized exchanges don’t have any control over their assets since they are not the ones in possession of their private keys, the government can decide to do whatever they want to do to these people, they can even go as far as freezing their account if they want to.

Governments can regulate bitcoin whether they treat it as currency or not - with or without our approval. If you are worried about developments like this, then keep the use of exchanges to a minimum keep most of your crypto out of those, where they can't freeze it. We've already seen in Canada what they are willing to do to your money, crypto or non-crypto.

the government can of course control the circulation of cryptocurrencies in their country through regulation. for example in my country the circulation of cryptocurrencies will be regulated and crypto users will be taxed a few percent for cryptocurrency ownership.

... indeed this seems unfair to crypto users, but we still live under the government and like it or not we must obey the applicable law

Correct it is a mistake to think that governments are going to encourage people directly to adopt bitcoin when bitcoin is a direct adversary against their own fiat currencies, at best we could expect some countries which do not print their own currencies do something like this.

However we do not really need direct encouragement by the governments of the world as they are already doing so indirectly, after all with all the money that has been printed since the pandemic began and the huge levels of inflation that we are seeing around the world that should be more than enough for smart people to be encouraged to get out of fiat and invest in something else.

The government will not fully regulate bitcoin, the government will only provide basic regulations that will regulate every use of crypto. Using as few exchanges as possible can be an option, because your assets on the exchange are not your assets, because you do not have the keys. If you store it in a personal wallet then it is your full asset.
Stay alert and follow the development of cryptocurrencies as well as some government regulations, Government regulations will certainly change.

When you are using a particular exchange locally then it would really be just sensible that you would really be looking for various information or updates in regarding with possible changes specially attaching out with

regulation on crypto then you could really make out some immediate step which you might able to save up your ass on locking your funds on a particular centralized exchange.

We do hate regulation but its true that it is one of the things which would fasten up recognition and adoption but of course this would only touch up centralized platforms and services.

The government will always be the same. They wouldn't be encouraging people to use Bitcoin because they are always thinking it is a risk and when I had a chance to talk to a politician, he said they don't even know who back it up.

Although most of what he said is true though. They can talk about it, but not encourage people to use it. Main reason is that they can't take care of the people that's using it. The fact that there are still people thinking that it is a scam shows that there are still people against it, and them talking about it would create an impact to these people which I think they don't want to happen.

To be precise, most of us are just worried about the privacy we are going to be losing when the government starts to regulate cryptocurrency. Most of us would like to have privacy when we’re making transactions online, we would like to be able to send money to anyone to anywhere around the world without having the government question how and where the money is going to.

So, I believe that’s why a lot of us here don’t really want the government regulation. Apart from that,it is not really much of a problem to us. But any one of us can still avoid this regulation from the government, originally Bitcoin is peer to peer, so you can just make use of it by using decentralized wallets or non custodial wallets, so that every transactions you make with the blockchain wouldn’t be traced by anyone.

It's true I don't think the government has the authority to intervene or fully regulate crypto,
talking about wallets is indeed very vulnerable to hacking so we have to be careful,
it's true what you say we have to follow and update on developments or news about crypto

Pandemic is not being released by the government, pandemic is a disease, I believe you mean coronavirus. So that means what you’re trying to say is about the government ordering a lockdown, that was the case in 2021.The lockdown led to a decrease in the price of so many assets, which are now back to being bullish, such as Bitcoin that was able to hit an all time high price, and right now it has gotten to $40,000 after the correction.

But, we should still be looking forward to further increase, I believe from 2025 when there is a halving. So, this isn’t much of a problem, it’s expected to happen, it has been happening for years now since Bitcoin was created.

Regulation is indeed the beginning of several dopsies carried out. Without clear regulations, the use of crypto will not be allowed. In my own country, in Indonesia the regulation of cryptocurrency is only limited to trading commodities and cannot be more than that, it cannot be a payment platform in place of fiat. So that the adoption of crypto for other economic sectors will not be possible.
On the other hand, if full regulation is carried out, there will be a large-scale adoption like that of El Salvador, which makes bitcoin a legal tender. Each country has its own regulations, we can only follow them.

Maybe not for the members of this forum but for new entrants who want to get into bitcoin but are being discouraged by the "Grey area" part of governments, a regulatory body may bring in more transparency regarding how the government accepts or rejects cryptocurrenices.

I feel this is a good thing, because with increased regulatory actions, more people will enter the market. This will grow the adoption and acceptance of crypto and therefore lead to a positive outlook for the rest of the world towards crypto.

Not sure why some users are using the pandemic as a source of narrative here. A pandemic is a type of a natural disaster, however you might to shift the blame, it is indeed a natural one and the inflation that followed was only expected to happen. But that does not mean that you should be stubborn and focus on only one type of asset, you need all types and in crypto only bitcoin.

Exactly. It's impossible to regulate Bitcoin in its entirety because of its decentralized and censorship-resistant design. What governments will only be able to achieve successfully is implement regulations on centralized exchanges and wallet providers. Anything outside of that will be out of the hands of governments themselves. Look at how China's "Bitcoin and crypto ban" had little to no effect over Blockchain tech's prominence in the mainstream world. If the whole space wasn't decentralized, Bitcoin and other cryptocurrencies would've been dead by now.

Depending on how fierce regulations are, people can either embrace Bitcoin or abandon it completely. If a government imposes crypto-friendly regulations, then you can expect adoption to grow within that country at a fast pace. Otherwise, not. I wouldn't worry much about this as long as decentralization wins in the long run. Just my thoughts ;D

in some developing countries crypto regulations are not too strict, even the regulations provided are only limited to commodity assets, which means that they do not completely prohibit or completely allow them. There will still be opportunities for greater adoption.
In some developed countries such as China, which has banned bitcoin, of course it is not allowed to make any transactions using bitcoin. Even bitcoin miners are expelled and are not allowed to set up bitcoin mining companies.
It is hoped that in the future more countries will start adopting bitcoin or cryptocurrency and of course it will coexist with fiat.

It is not a lie that all the governments of the world want to enter the world of crypto and BTC, but that they do not make it known in such an obvious way is something else, governments enter BTC and the crypto market with the best excuses, that they cannot be blind before certain economic technologies and that the BTC can be one of those ways that money can be managed, then through the regulations they can enter, that is where the core of everything is, and after they make their regulations they can enter without problem, but that they have some control, which is already something that I do not agree with because this economy was created so that they could bypass prohibitions and the hands of third parties.

Initially it was the banking system, by the time people feared of saving the money in banks and accumulated it in treasuries and vaults. Slowly people got adopted to the banking system, by then internet made an evolution. People started using banks, but feared of using internet services for banking needs. Slowly it got transformation towards different types of cards. People are getting used to it. Further the app payments have made everything simple. Now everyone who have a smartphone find it the best. It takes time to reach the end user, so right now it is crypto and it takes little time for every country to regulate it's usage.

Regulation will definitely make it even bigger. Even I remember (and I am not even that old) the period when people used machines that swiped the whole card and send information to the bank, wait for a response, signature and many other horrible methods that took so long. Mortgage wasn't even a big deal at the time when I was born, it was possible but not this easy. Nowadays we are sending money to other side of the world in 10 minutes and we are calling it slow.

So, obviously crypto will take over the payment processing and using it globally. I still believe that when you go out to eat something, paying with card is still easier than crypto. But, international money transfer will definitely turn to crypto a lot more.

It depends on the regulation and how strict it is, I think we can all acknowledge that if you want to convert your bitcoin or any other cryptocurrency to fiat currencies then some sort of regulation is going to take place because the government is not going to allow you to use freely their system without any control.

However some governments want complete control and oversight over all transactions, even those that only happen on the blockchain and that have nothing to do with fiat currencies, and that is something that we do not like, and even more importantly it is something that they will never be able to regulate fully, because this market was designed precisely to resist that kind of control.

I don't know how you could see anything but regulation as the future of cryptocurrency. The money supply is ultimately controlled by governments and central banks, even if crypto has disrupted that slightly - the enforcers like the tax offices and police for different juridictions are going to support those financial institutions. Unless crypto is ultimately regulated with proper paper trails and transparency to governments then it will always be a potential target for take down. Cryptos biggest problem right now is wasteful energy usage, so unless it learns to conform to the standardized set of rules that other financial companies face it will be fighting multiple battles which will make it harder to win.

 Regulation doesn't mean they can control crypto, that just means they can decide on what you can do with it legally. If there is a good amount of regulations, and it works out, it will allow crypto companies to grow hugely. If crypto companies grow huge in a legal manner (like coinbase but dozens of it) then they could lobby the politicians to get more. Look at financial institutes, wall street keeps losing money and keeps getting billions every single day, and they "pay it back" only after they made money with it from us. So all in all it would be a lot better for all of us involved to just let regulations happen, and then hope we grow big enough to influence even better regulations.

it is a fact that if we need more adoption from people, regulation is one way to do it. because these noncrypto users will have more confidence on dealing with crypto if there is government's intervention. it will also discard the thought that crypto is all about scam, though we don't think that way for all crypto users already. but we can't dictate the opinion of others, it is what they think because of what they read or see from the media. so if we need more people in the crypto market, regulation is the key and we are heading in that direction already.

Yes, I understand very well what you mean, when in 20011 when I graduated, there was something that was calling my attention and it was infrared technology, and I wanted to make a system that through a bar code would pass things and at once they would take out accounts and summations, like in supermarket checkouts, is what we call RFID technology, then some time later I did not get enough information to optimize those processes, then with the appearance of blockchain that process is possible only by replacing the bar code with the QR code that can even be associated with any wallet, since everything is different, faster and with more technology.

True, but a balance must be reached and that is not something governments want, lets be honest the people at the core of most governments around the world are control freaks, and anything that does not comply with what they want becomes an immediate target for a takedown.

So while we need more adoption this adoption cannot come about by sacrificing the principles that govern this market, because if that happens then we may get a lot of adoption but I know that I would probably leave this market as it would no longer be a true alternative to fiat as it is right now.

You need to start thinking more positive. I understand that the government is imposing and scary and will do their outright best to scare people into a neat line. But the truth is, Bitcoin is not something they will ever be able to regulate. Not entirely. They can regulate centralised businesses and exchanges that work with Bitcoin. They can easily do that. But centralised platforms are the wrong way to go. Always remember: Not your keys, not your coins. Keep your coins away from your identity and third party wallets. And be sure to keep good OPSEC.

That way, nobody can find out about or control the Bitcoins in your wallet.

They couldnt do it literally thats why they would really be going after on platforms or businesses who do attached out with crypto thats on the time they would really be having involvement.

We've seen that government does really love to tax everything and wont really be tending to let it pass into those people who do earn here on crypto space and as for speaking with
popularity and recognition then crypto is really heading there even though government wouldnt be regulating or take involvement.

Governments are known to spread fear in order to get what they want. The more people use Bitcoin, the less power/control the government will have over people's money. That's why regulations in some countries are strict in order to scare away as many people as possible. As you've said before, governments will only be able to regulate centralized exchanges and other service providers. But they won't be able to do the same with decentralized alternatives.

If you're smart, you'd avoid anything that requires KYC/AML. Not only you'll be able to preserve your privacy/anonymity, but you'll also be helping crypto reach its fullest potential. Most people don't know that it's possible to get access to Bitcoin in a completely decentralized manner (decentralized exchanges, atomic swaps, etc), so tightening regulations will only decrease mainstream adoption in the long run. I wouldn't worry about regulations as long as decentralization/censorship-resistance is preserved. Just my thoughts ;D

Of course, a huge amount of digital currency can give a huge amount of tax payments for a country. It is normal that the government wants to legislate and try to control the cryptocurrency market. The turnover of the cryptocurrency will be subject to the general rules of taxation, and it is difficult to say what will come of it. I want to help my country with even a small share of my wages. But whether the government will organize it correctly, no one knows.

Regulations is one key factor that gives a meaning and order to any system. so regulating the Bitcoin world, it's a necessity for any meaningful government that holds it's citizens welfare at heart, but the decentralized system shouldn't be tampered with in the course of such regulation.  Very important.

Yes, it is nonsense when they twist the facts by saying that the centralized fiat financial system is better than the decentralized financial system we have with bitcoin.

The government's fear of a decentralized financial system is based on the possible weak use of their centralized financial system by the public. Many people will switch to better, more efficient, faster and more secure systems like bitcoin. That will be the reason why they are afraid and as a preventive measure, regulation is the way out. Restricting its use as legal tender is more likely to be enforced than completely banning it. The government also knows there are big advantages of cryptocurrencies to increase state revenues.

Yes, government is to create enabling environment for public and private business activities.

This enabling environment refers to the policies of the government which will allow individuals to do business and pay taxes to the government.

So adopting crypto Currency and regulating it to favour the citizens will also assist and help the government to develop the State and the international system.

USA and British adopt Crypto currency and regulate it for the citizens to use and set up a tax force committee to collect tax from those that are using the currency for transactions.

Conclusively, since crypto currency is a digital currency and anonymous, the central bank of a Nation can't stop the uses but can regulate it for the benefit of it.

Strict regulations will certainly come in the future and I believe this was the only way to stop the spread of crypto scams and fraud. But this has never been an easy job for the authorities who are in charge of this as for sure they will also face an act of opposition and questions. As for me, it wasn't a problem if the market had been regulated at least, our money and our investment are safe and we can assure that the future of investment been secured.

https://www.nasdaq.com/articles/the-need-for-crypto-clarity-and-the-regulatory-path-forward
It is probably we are going there, Regulation.

This already happen in my country where the central bank regulated the crypto exchange/wallet. It seems they even add more cryptocurrencies that you can buy and sell. At first, it was just btc, eth, bch and xrp that time but now there are more crypto in their list even NFT ones. Though there's binance but theirs are much easy to navigate and use though their platform is not non-custodial so I don't own the private keys or seed phrase though I could still use their exchange/wallet platform like I own the wallet PK or seed phrase and can convert crypto to fiat.

Decentralised system will not be tampered but people will need to use the centralised fiat system at one time. Then it will be regulated is what I am guessing. Still we can only guess and not make any statement.

Currently crypto is being taken mainstream and therefore the regulation will come soon. Then we can decide how we tackle it.

Government wants to tax it's users whenever possible. So they would not ban bitcoin unlike some countries have done. With a huge number of users using bitcoin the number of taxable users is also huge.

so far adoption progress running well now in several countries, they regulate and discuss about legal standing to bitcoin. with more legalize bitcoin and cryptocurrrency maybe number of bitcoin usage in our life will increase massively.

honestly it will be danger if cryptocurrency market known as a place to create new millionare. people will thinking its easy to make money from market , meanwhile its not suitable with the fact.

Regulation tends to kill innovation, therefore it's not good at all. Increasing regulation kills also decentralization and privacy. Cryto community somewhat self regulated early years, of course there's no way back to it... but towards tightening laws, which leads ultimately as tight regulations as with banks. That is absolutely bad thing. It puts power on the few hands of the few bureaucrats, and leaves no room for small actors or individuals to enter the ecosystem with innovative solutions nor copy & paste tokens.

We actually look it good being unregulated and controlled by the government but it was so sad that some opportunist people like scammers take advantage of this as they can just play the market freely without worrying they got caught. Though I wasn't in favor of the government making a step with this and promoting regulation, however, I think this will give help stop the scam activities and lower the chances to get scammed.
This is just not meant for innovation control, this will help to improve the image of crypto instead which is somehow ruined by these scammers.

Unlike in my country, the central bank does not regulate cryptocurrencies, but there are local exchanges that have been authorized by the state for cryptocurrency trading and can be converted to fiat currency in bank accounts. So the government does not seem to socialize cryptocurrency. Hopefully in the future the government can legalize it so that socialization will certainly be held so that cryptocurrency users will grow.

By nature governments and those at the top are reluctant to change and are always trying to preserve the status quo, so by nature they reject innovation, for regular people this is terrible as not only this means they have fewer chances to change their life but they will also face tremendous opposition to make their dreams come true.

One example of this was electricity, you may think that as soon electricity was mastered and light bulbs could be produced those at the top would be eager to adopt them, but since this affected the kerosene and the candles industry there was a very strong opposition to it, but at the end the superior technology imposed itself and I see a similar scenario happening here in the future.

I have to acknowledge that scamming is "easier" in the crypto world. Doesn't mean that it is impossible in regular fiat world, we have seen it happen plenty of times in there as well but that doesn't change the fact that it is a lot easier here. So all in all I have to say that we should be focusing a bit more on regulation of easing our pains, that should be a lot better. Imagine a situation where we are just legal, and like a foreign currency.

So, if you are in the USA, you are considered like buying and selling euro, when you do that for bitcoin, or if you are in Europe, that is same as buying/selling dollars. If it goes that route, we would be doing so great.

Anything that goes against what was established by the government in the first place, will see constant opposition in the long run. Crypto threatens the very existence of Fiat (national currencies), so the only way to control it is by regulating it. Of course, this cannot be achieved with complete success due to the way crypto was designed (decentralization + censorship-resistance). But growth will certainly diminish in order to help push the adoption of centralized Fiat as a whole.

I think there's no need to worry about regulations since crypto's been battle-tested to stand the test of time. As long as decentralization prevails, nothing else matters. Who knows if crypto lives alongside Fiat for generations? Just my thoughts ;D

Yes, regulation will be good in that it will make the crypto market cleaner and safer for market participants. We will avoid scam and rugbull projects, we will be resolved in case of a transaction dispute.

But on the other hand, the regulations will tighten the decentralization of investors we will be more tightly controlled, which would make us uncomfortable and like we are not completely free when it comes to using crypto.
This would go against the decentralization of crypto.

Regulation is inevitable, you're right. But it's perhaps not the regulation that you might think. Free markets need regulation, but the idea behind regulation is to encourage free enterprise. With crypto currency, by design, regulations are not needed because it's a decentralized entity. Regulations really just means taxing crypto at high rates so that central banks don't have to worry about it being a threat to their currency reserves. If they were smart, they would implement crypto into their financial systems, but that would require taking in a currency that they are not able to manipulate.

Regulations when done correctly is a beautiful thing. I know that people hate their governments, doesn't matter where you are living, doesn't matter if you are in a "top" country like USA, UK, France, Germany or whatever, or if you are living in a poor nation. The one thing in common with all citizens of the world that people hate politicians.

There are more in common with regular citizens of two different nations then the citizens and politicians of those nations, and there are more in common with politicians of two different nations then their citizens. I do not remember who said this, but it is a great saying and I believe the only reason we do not want regulations is because it would be the politicians we hate that will draw those legislation.

This is a confirmation with an assurance that so far as cryptocurrency will remain decentralized so is the government committed to regulating the sector through tax payment. That's what it means to my understanding, some other countries tries to place a ban while others introduce their digital fiat to counter crypto yet its ineffective.

In my country crypto has been taxed, this is an indication that the government actually knows that crypto will be a valuable asset, massive campaigns and FUDs have been carried out in various media but actually make users continue to increase, this is valid evidence that crypto is a transaction system and future finances.

Each country and its government does really have their own view and perception towards crypto but most likely it would really be ending up on negative way on which they would be having that
kind of negative impression which is something not surprising to see on and speaking with Regulation which might totally opposes overall idea of crypto but its totally we needing this
to speed up the adoption and recognition rate but of course it would really be through some payment processors and taxing out those platforms whom do deal with crypto.

Another challenge is not in paying the tax but the rate on the tax is too much for the crypto industry to bear, why will a country be a burden on the people who are managing to make out life out of the terrible ugly situations of economic challenges, what do the government use the tax for? isn't it meant to be given back to the society in raising community projects, road construction and establishment of industries, then why will the same masses bear the cost to all this all in the name of i am a miner or cryptopreneur.

Although I disagree with all your points.  But obviously, getting rid of fiat inside centralized exchanges will be a must if the government wants to change the regulations, the controls will be there. government regulations will quickly come under pressure to change.  And the market reaction will determine the behavior to win -> The decentralized world will be there

Yes the government will certainly not stay silent on crypto,
especially since the pandemic seems a lot of people are interested in crypto,
and cryptocurrency will not stop here and will continue to grow, we'll see

Regulation is coming, this is something that we knew, however how extensive, punitive and effective will be are the the questions we are asking ourselves about them.

As long as the nature of bitcoin is not changed and you can still use it to buy whatever you want without going through KYC then bitcoin will still fulfill its original purpose, however governments are hell bent on avoiding this outcome and now Europe is trying to forbid anonymous transactions, will they be successful? I hope not, but without a doubt they are going to try to impose their will, however as they lose control of the economy people will begin to wake up to the fact that it was the politicians that got them in that mess to begin with, so I hope that people will begin to openly oppose those policies.

along with the times, of course something that can be seen as more profitable will be used, as is the case with cryptocurrencies which initially had a lot of opposition, but this faded with the times. like venezuela, this time ukraine and russia, and in the future i don't know what else will happen that can bring cryptocurrency to be regulated by the government.

The currency of any country lose its value if it was not properly manage by government and it is all possible if they take proper actions to stabilize the money inflation and this is vert must for economical growth
Well the regulations are needed if your are going to stable a country's whole economy and the basic concept of crypto itself is not stable at all.
Let's take an example of money laundering issue. If crypto is legalized, there are more easier ways for so many illegal's business owner to transfer there money through crypto and mix it with white money. like this so many issues are still there for crypto base system to still solve and government impose regulation to control.

It is normal when cryptocurrencies are widely opposed and then with time cryptocurrencies will also be accepted,
cryptocurrency brings a lot of benefits and with that I think in the future many countries will consider adopting it

Regulations are necessary to bring some level of legitimacy to the entire crypto/Blockchain industry. But too much regulations would simply stifle the growth of crypto within a designated area. While there's no point in trying to regulate something that's decentralized as crypto, governments still do it because they don't want Fiat to lose traction in the mainstream world. Otherwise, people will ditch Fiat in favor of crypto, greatly undermining the government's capacity to control the economy.

We should expect more regulation from various countries worldwide in order to prevent crypto from replacing Fiat. I'm fine with that as long as decentralization wins in the long run. Who knows what the future holds for the entire crypto/Blockchain industry? Just my thoughts ;D

well, it is true that any cryptocurrency enthusiasts fervently oppose new regulations. They say it would hinder innovation and goes against the spirit of cryptocurrency, which emphasizes decentralization at its core.

and for these anti-regulation crypto enthusiasts, the decentralized nature of digital currencies is a big draw. So in this view, any new regulation would pose a threat to the decentralization that is a feature, rather than a bug.

Regulation to regulation it would change though. Regulation just means putting laws on it, basically if you ban crypto that means regulations as well, the meaning of the word is that, if you make it legal and not even taxed just free use, that is regulations as well. You do not have any type of situation where it is illegal or legal and not regulated. As soon as any nation has ANY laws regarding crypto, that means it's regulated.

China regulates it in a way that it is not allowed to use, the USA is state oriented so there are some regulated it in a good way, some that regulated in a horrible way, or ones that do not even regulate. So regulation doesn't automatically brings legitimacy to it directly.

The current marketcap of cryptocurrencies is more than $2 trillion and is unique because there is no regulation that regulates it, of course this is a serious problem for us, so there are always scam projects that are very detrimental to investors, without regulation then we walk without direction.

I think the reaction is definitely more optimistic and more positive than it ever was, so it makes sense that the trend will continue, but it depends on the will for crypto's adjustments on how strong that trend would be. So government's reaction will depend on how much adjustments crypto is willing to make, and those issues will need to be addressed, and that's an issue of privacy and decentralization.

Scams can be avoided with proper awareness and knowledge, but they cannot be stopped completely. Here the importance of knowing what to invest in comes in play. It is a though thing for a newbie but this is necessary to survive in the market.

Nope. There are many enthusiasts who are into crypto and earning it well, but unable to spend it on daily necessities because their country is not allowing it. Instead if it was regulated they probably would have a chance to sell their coins and earn some fiat money which they could spend or spend the crypto directly, either of which would be a use case. Therefore there is a big market boom that will happen post-regulation if it really happens.

Those who are against regulation include the criminals who are trying to use pseudo-anonymity of crypto to mask their wrong doings, mainly money laundering and tax evasion.

Because the banks and government can’t do anything about cryptocurrency since it’s unstoppable and contagious, regulation is the only option for them. If you look at China right now, they are criminalizing those people who are engaging in cryptocurrencies whether for trading, mining, etc.

They may have outlawed cryptocurrencies by imposing an outright ban within China, but the cryptocurrency activity can’t be stopped because there are still some Chinese who are engaging with it and has so much belief about it.

Regulations are as far as the government can get in order to try to "control" crypto at its fullest. But they won't be successful at the end, because of the way crypto is designed (decentralized and censorship-resistant). China may have made crypto "illegal" to own, use, and/or trade. But people can still get access to crypto "behind the scenes". If crypto was centralized, this wouldn't been possible.

We should expect more regulations from other countries as crypto becomes more popular in the mainstream world. This is no reason to be alarmed, since governments will do anything in their power to keep Fiat afloat as much as possible. As long as crypto remains decentralized, we should have nothing to fear. Just my opinion :)

Bitcoin marketcap is currently more than $800 billion and the total marketcap for cryptocurrencies is more than $4 trillion, which is unique because there are no rules regarding cryptocurrencies so the community must immediately make strict regulations so that they are not used for scams.

It's not easy to make rules and it takes a lot of time for sure,
after all the community must be really compact in making these rules in order to run well,
obviously no one wants it to be used for scams and we'll see what the community will do to solve this

Of course there will be differences of opinion about regulation, I think cryptocurrencies are unlimited freedom, nowadays it's easy to choose a good project or not because there are many ways to find out, and most importantly if there is regulation there will be many things that other users don't like, what is happening now is good and competition in the market is commonplace.

How does a community stop scams from happening? They can attempt to prevent a scam but they do not have the legal power to punish or judge a scammer. This must be done in the traditional manner through law and court.

As far as this community goes, members are active in posting about any scams they come across and they get analyzed by others too. Beyond that you have to be your own boss here and learn to avoid scams. Regulation and its effect on scams is not available to us yet, so we cannot comment on that.

Not sure what you imply by "unlimited freedom" but in reality we are are bound by some rules of the land we live in. Being able to choose to invest in a project will be available post-regulation too, just that it might not be available in "white" markets and therefore you will be taking your own risk investing in it. Such things are already happening in many fiat markets, nothing new here.

With a proper regulatory environment, it may be possible to diminish (not eradicate) the number of scams in the crypto/Blockchain space. As you've said before, the community is always active seeking out scams in order to prevent newbies from falling right into the trap. Without regulations, crypto will be the wild west. There needs to be law and order for crypto to flourish in the mainstream world. But I have to say that too much regulations will stifle the growth of the entire industry. As long as individuals and governments cooperate, there should be nothing to worry about. Just my opinion :)

It is not as easy as we perceive. Why would the official regularize to give a control to  other.
Crypto is not that protected though many wallets which got hacked and people lost so much money. Also Luna was such a disappointment. So we can not predict what is coming up next.

It will curb the number of scams running in open air, while the bigger ones will go underground in the name of big risk big reward schemes. It will defenitely reduce the number of scams people have quick access to put a hand one while it gets slashed away.

Truely, I am thankful to this community for the efforts they put in, I try to contribute or support them whenever and in whatever method I can, from raising awareness to pointing out mistakes while supporting flags.

I dont think it will stifle development, it will rather channel the growth in the proper method. Without regulation it is like a child's playground which is bad for serious investors willing to make money and for the mainstream growth of this niche sector. If emerging scams end up shooing away potential investors, legit projects feel the heat too.

Well I agree that there are many active discussion forums which help raise awareness and points out what mistakes are already been made.
Absolutely - that is correct.
And the best part is we get awareness and $$ at the same time . .

The thing that makes us uncomfortable when we want to invite friends or family investments in cryptocurrencies are too many scam projects, strict regulations must be made to prevent anyone to make cryptocurrencies from becoming a scammer, for example providing large amounts of money so as to reduce the number of scam projects.

Only if regulations are flexible enough for crypto/Blockchain tech to flourish in the mainstream world. Too much regulations are bad for crypto in every sense. The same can be said if there were no regulations at all (which will enable anarchy in the crypto/Blockchain space). There needs to be a balance in order to prevent growth from stalling altogether. It seems like governments worldwide are embracing the revolution, so it's likely crypto will be here to stay for a very long time. As long as crypto's legitimate use cases are expanded, there should be nothing to worry about. Just my thoughts ;D

What makes me uncomfortable when I invite them is the loss, nothing else. I warn them about it, but it is still a bad feeling, like right now there is one person who bought at 40k, and asked me before hand and I said to be careful but could be profitable, and now I am feeling guilty about it even though they do not mind and even consider buying another batch.

Scammers however are a thing to be worried about because the people we help could end up doing their own thing for a bigger gain, and could end up at the wrong hands and lose a ton of money. I do not know why they do that, but there are plenty of people who do that and it is a very risky thing.

Maybe in coming 30 years things will get better - but at the moment there are hardly any chance for the BTC to be regularized.
But the trends show that many be in coming time - it wll happen. And the world will be a different place altogether ...

People from the crypto space or normal people? From us here we can encourage it as long the reaction is positive like they can allow crypto from their own country but they can give conditions like they will regulate it. I think that was still fine since regulations do still have some positive effects like making those anonymous hackers/scammers being exposed or they can now be tracked easily, something like that.

For the normal types of people or those who aren't into cryptos I think they wont care about it but some of them will like it even more if crypto was not allowed on their country because they think it is just a scam or its a money used by the criminals.

Changes and development will really be that inevitable and this is something that cant really be stopped since innovation and changes will really be  that next in line and same goes into this crypto market.

Speaking about regulation then we are really heading there but talking technically then this is something which cant be possible thats why the only thing that they could touched up is to those crypto centralized

platforms or companies which are regulated and this is the only way they could get involved with. For recognition and acceptance then it will really be normally coming as we do go ahead on future years to come.

it's right because government don't have any way of obstructing cryptocurrency or regulate it value, because from what I'm noticing and observing for cryptocurrency government can not give any account of how cryptocurrency started and how the initiation come to passed, so i believed that Bitcoin regulates it value without any support from government and besides government hate cryptocurrency from the beginning

Encouraging to get a positive reaction to government support to open decentralized transparency and give access to your wallet? then what is the difference with the CBDC which is now issued by the government if there is no purpose?
In fact, the government just wants to control your money and becomes an alibi for Bitcoin or crypto as a fraud nest label. For an irresponsible group of people, it is possible. But that's not entirely encouraging for adoption.

Exactly. The only form of "regulation" that governments have over Bitcoin or any crypto for that matter, is mere scare tactics. Don't do this and that or we will punish you. A lot of people do not understand that even if they knew who was behind the wallets, they would have an impossibly hard time punishing them by financial means. They would have to put everyone in prison. And even then they would not get their hands on their coins.

But lets say we made Bitcoin even more anonymous to the point where businesses could fully hide their transactions, funds, profits and so on. What exactly could the government hope to do? Force people to show them their wallets? They could easily make dummy wallets while hiding the real wallets.

Why having market cap in trillions of dollars is problem for crypto? In fact I am putting it in exactly opposite way: having high market cap such as this makes me think there are big investors, huge support from all over the world for this. The network of crypto is wide spread and there is no kill switch for the same. At this point it’s impossible to turn it off but to continue the way it is. If government starts regulating it then there are many loop holes in the system. Peeps can simply buy and sell stuff online by using third party services and yet paying in the bitcoin. I see no issues so far.

Honestly speaking, there are a lot of countries nowadays, where they've adopted the concept of the cryptocurrency business.
Where Bitcoin is the top brand of crypto's and you can see all over the world now via online system payment and even in the stock market as well. Moreover, there are some of thecryptocurrency in which are now regulated by some of the country I think few of them are in that situation so far. And for me regulation in some of the cryptocurrency is can be a good thing for us to make our assets will become more secure and to be lessen or remove the scammers who used cryptocurrency to get a victim to collect funds from the other people here in this industry.

It's time for cryptocurrencies to have strict and clear rules, it's been more than 10 years but cryptocurrencies don't have clear regulations yet, this certainly makes us worry about the future, as happened with LUNA which was previously ranked 10 with a price of more than $100 but only take a week to be under 1 cent.

Luna was a horrible mistake - Two of my friends made the same mistake and they have lost trust on crypto.
They are not ready to invest in crypto ever again - they say they had no idea that they will end up in such disaster. But that is how gambling works.

You want regulations, or do you want centralization? What happened to Luna was a bad thing, but if you put governments on top of these projects with a justice hammer, then they will still fail if they are going to fail but now they will also be controlled by the government as well. We have fiat for that and we do not need anything else.

Sure exchanges could be under control for example, because exchanges are corporations and they are not coins, and that is why they could be obliged to follow laws. But coins and tokens should be out of everyone's control, even the project creators should release it and then have as much power as we would, not anything more.

Couldn't agree more with you, mate. With strict and clear rules, the whole crypto/Blockchain space will be legitimized for mainstream use. Investors will feel confident in the crypto market, just like they're confident with the stock market today. With regulations, scams and theft are reduced to a minimum. We cannot say the same when there's absolutely no regulation at all (as it would enable full anarchy on the crypto/Blockchain space). While regulations cannot be enforced at the protocol level (due to crypto/Blockchain tech's decentralization), it's still possible to regulate the industry by requiring centralized exchanges and wallet providers to comply with the law. It's only been 13 years since Bitcoin inception's, yet there's no clear regulatory framework for the whole industry. At least, there's interest among institutional investors and mainstream governments to bring the rule of law into crypto/Blockchain tech. As long as individuals and governments cooperate, crypto won't be going anywhere soon. Just my opinion :)

Bitconnect saw its stud days too and then crashed as well. It was promoted like anything specially among low income countries and became a very popular topic of discussion among the common users in the casino trollboxes too. Then there are these social media friend circles where such coins become circle jerk topics and then all buy it like anything.

Eventually they will all lose and the same cycle will repeat after a few years in another name and in another form. The winner is the person running these scams and not the investors. Chit funds and HYIPs/Ponzis exist in real life while LUNA exists in the internet. No difference between them at all.

Regulation will not stop such projects from being popular. If someone willingly wants to get scammed without doing research on the project they are investing in, why will the government force them to stop?

I think it's normal and when we see it from your friend's point of view maybe we will also do the same thing,
no one thought something like that would happen to Luna because previously Luna's reputation could be said to be good and became the top coin,
but maybe your friend needs time to believe in crypto again

A part from crypto - losses occur be it business or personal life. So one cannot  only trust what is going on gambling and in personal life.
Many people comes in trouble due to natural disaster , diseases so it doesn't happen with crypto - the losses are through out.

If we hear regulations, we will think of rules that will create many limits, there is no more freedom so many developers and even exchange owners don't want to make regulations, and I think this is good, let the laws of nature work and we will see if cryptocurrencies will continue to grow .

Yes that time is getting closer and approaching soon, there will be need arising whereby government itself will have no reason than to take cryptocurrency as an alternative and only available option to scale through economy challenges, many countries have in place suitable regulations on crypto to ride on a smooth surface, but they can't regulate bitcoin itself because of the decentralization but can regulate exchanges and miners by receiving tax from them.

The government can't regulate crypto but they will do everything to tax it. They could possibly control crypto in a certain country but they won't be able to take over and rule it. We have our freedom in the crypto world because of its decentralization. I hope the government won't take the hope of financial freedom in the future that we have.

We really need some kind of system of rules that would restrict inexperienced investors from rash investments. The Luna situation happened because of the inexperience of the system, it happened even with tight regulation.

That's certainly true, mate. Regulations won't stop scams from happening, but they will minimize their effect in the crypto/Blockchain industry. The more legislation we have towards crypto assets, the better it'll be for crypto/Blockchain tech's mainstream adoption. Remember that regulations bring investors' confidence into the crypto market. Without them, how do you think they'll pour money into unprotected crypto investments?

Unfortunately, Bitconnect, Terra/LUNA, and several other scams have scared away investors from the crypto/Blockchain space. But that doesn't mean it's the end of the world. Things will only get better over time as regulations are enforced. As long as individuals and governments work together, crypto won't be going anywhere soon. Just my thoughts ;D

Basically the government will not be able to go deeper into crypto and regulate it,
the government can only regulate it on the outside, so it's useless if you want to take over,
we'll see what will be done later and just follow the progress

when that happens there are advantages and disadvantages I'm sure in that matter, I also know that many crypto enthusiasts favor that matter as well.

Moreover, other countries have also made cryptocurrency regulated, which means that many countries are gradually becoming aware of this type of digital currency industry.

This is the real fear. There are so many people who are willing to invest into projects that are centralized these days that they are also willing to consider a government centralization to crypto as well. I feel that there is a good chance they could end up with something that would be scary, and hopefully that will not happen as a big deal right now, it should be something they do not talk about and stay in silence.

If we have government intervention then we are going to have to face the fact that some people will spend millions even maybe more than billions of dollars into those centralized and government controlled things and this would be end of decentralization in crypto as we know it.

Never thought I would prefer govt regulation to crypto but this is it. Yes, we're in need of regulation of crypto so we can attract more hedge funds and investors to our crypto market. So we can see a new craze of net inflow of money into crypto instead stuck in the bear market like this.

Like antidot are made before the viruses are made. Like the antiviruses are made before the cyber viruses are made.
Talking about LUNA- how horrible mistake it was. . Once can definitely lose trust on coins if one is destroyed by Luna.

I know that the regulations somehow represent being tied to a traditional and control system, it is something that cannot be denied, but in part it helps to enter countries that are very strict, that only like their economy through their local currency, but in the same way when entering, people will be that promoter that will have BTC and crypto, where it is difficult to enter the BTC will achieve it through regulations, it is like making a kind of temporary peace between the enemies of BTC for qeu can be developed in the most difficult systems at an economic level, it is not bad in the same way the BTC and crypto represent money, which for them is high risk, but it is still money.

Crypto was never about becoming part of Wall Street. It was more like a libertarian/cypherpunk movement to bring an alternative financial system free from governments and third-party interference. You'd just send/receive/trade crypto without any middleman whatsoever. Unfortunately, people took crypto as a means of investment instead of a currency. Loss of funds, hacks, and other undesired situations forced governments to intervene. Now they want a piece of the pie by regulating the crypto industry. Governments won't be able to enforce regulations on decentralized networks, but they will be able to do so at centralized exchanges and service providers. You can see KYC almost everywhere, greatly defeating crypto's original purpose. At least, Bitcoin is decentralized. As long as it stays that way, there should be nothing to worry about. Just my thoughts ;D

Agreed with abiky. I don’t think satoshi invented bitcoin to be a toy for WS. It is sad that it already become one anyway. It is nit bitcoin’s or satoshi’s fault though. If it is tradable, WS will trade it. We can’t stop it.

Bitcoin came this far without any regulations. Why do we really need it? Yes it will legitimize bitcoin but then the government will have  control over it somehow. I am not sure if that’s a good idea.

If we are to have mass adoption of cryptocurrency, we need to accept the fact that there will be regulations that go along with it. The government will discourage anyone from using cryptocurrencies without regulation. Regulation will help keep the market clean scam projects and scammers will go to jail and can no longer compromise our safety but the regulations will limit our anonymity somewhat, cryptocurrency gives us certain privacy, once the regulation is passed it will affect us.

That's certainly true, mate. Regulations will affect our privacy in every way. They're meant to minimize the number of scams, hacks and/or theft, but they can also affect the average person by exposing his/her identity in a centralized platform. KYC/AML are security holes that make Blockchain tech no different than traditional banking. Unfortunately, there's nothing we can do if we want crypto to be legalized worldwide. Either exchanges comply or face serious consequences in the long run.

It's a good thing crypto/Blockchain tech is decentralized or things would've been worse by now. The future is widely unpredictable so no one knows what governments will come up with to either stifle or amplify crypto/Blockchain tech's growth worldwide. Just my thoughts ;D

Although the anonymous and decentralized nature of crypto makes it hard to be regulated, crypto is a global force that every nation is directly or indirectly identifying with and the popularity, acceptability is on the rise irrespective of the season(bullish or dump). The IMF, UK and USA are fully aware of how their actions and inactions can easily influence the crypto market, so although they may not be able to regulate it from the inside they will create a policy that will appeal to human consciousness and thus change the course of things, if comments from individuals can cause massive impact on the crypto market how much more this world economic power houses?. Secondly, crypto is also a safety net for the every governments because there are certain underlying financial activities that they may carry out and would want to keep a low profile so they may never subscribe to a regulated crypto market. So i dont see any form of regulation in the forseable future