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Title: Market Regulation - Advantages and Disadvantages Post by: Kweek on May 02, 2022, 04:57:08 PM In your opinion, what are the advantages and disadvantages that regulation of the cryptocurrency market can bring?
Title: Re: Market Regulation - Advantages and Disadvantages Post by: avikz on May 02, 2022, 06:07:05 PM The scope for this question is much much bigger but I will try to summarize.
Advantages of market regulation: 1. Legal framework will be available which will help all businesses and consumers to use cryptocurrency at will. 2. Crypto to fiat conversion will be more streamlined 3. Banks can't make arbitrary decisions against crypto related businesses 4. Will definitely encourage mass adoption 5. Might discourage illegal usage of cryptos Disadvantages of market regulation: 1. Anonymity will be at risk 2. KYCs will be everywhere 3. More centralized operations 4. Taxes will be imposed i will add more points later! Title: Re: Market Regulation - Advantages and Disadvantages Post by: Freeesta on May 02, 2022, 06:42:32 PM In your opinion, what are the advantages and disadvantages that regulation of the cryptocurrency market can bring? What are the systems of regulation of the cryptocurrency market? It can be tax regulation, licensing, official registration of exchanges and much more. But these options can be ignored. We will not be able to work anonymously if there is a need to pay taxes. This means our operations will be known to everyone. We need to complete a lot of paperwork and register in state inspections. I find it inappropriate at the moment. |