Should Cryptocurrenies be regulated??! Thoughts about that?

[harrypotpot]

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

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

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

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

[dreico]

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

[kamar25]

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

[acheampong64]

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

[jrrsparkles]

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

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

[BitcoinHodler]

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

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

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

[kenelmark]

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

[senin]

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

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

[Alohadanc3]

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

[Psec]

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

[kumiskura]

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

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

[Omela44]

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