Cryptocurrency regulation?

[Mhd-Bobbi]

The concept of cryptocurrencies is based on trust. If it is fully implemented in all aspects, there is trust within the community and technical solutions applied to provide the security of network, then there will be no need for centralised control.

Got your point. But what about security? I constantly hear about hackers who steel tons of investor's money...

And goverment won't give up its influence easily. USA, Canada and some european countries tend to establish their rules on cryptocurrencies.

Hackers are always everywhere, now depending on the platform they provide, if their platform has strong security, of course it won't be easy to hack into their accounts, but if their security is less secure, it will cause hackers to easily steal all your assets.

[munify]

I think the fiat currency is more trusted as a legitimate payment instrument because fiat currency have the support of the government. And without regulation, the crypto currency will be difficult to become a legal currency.

[karankamaze]

the principle of regulation is comprehensive to make things more certain. But it will collide with fiat sovereignty where there are no two currencies in the same position in a country. unless crypto is set as a common currency. There will be many provisions that cannot be regulated, but at least make crypto currency status more acceptable in public business, I still hope there are binding regulations because the crypto business system is still prone to something that endangers its users.

[Flor1982]

No doubt about the future of fiat money: it's gonna be replaced by cryptocurrencies.
But does virtual money need a REGULATOR?

Sorry to disagree but fiat currency will not be replace by crypto currencies because there are lot of factors that need to be considered like not all people have the knowledge on how to use the computers specially the poor therefore not all people will know how to use Bitcoin and beside we need the internet to be accessible in any place. Crypto for investment or for direct spending it should be regulated so that it cannot be used in illegal activities.

[Rooster101]

Some countries are planning to impose regulations on cryptocurrencies in the future before legalizing it. But since the cryptocurrencies are decentralized, they would the regulation on crypto exchanges instead. Usually it's the government who impose regulations but in case of Japan, the government approves the self regulation for cryptocurrency exchanges that are operating in their area.

[sinkfish]

as long the regulation is to protect and self govern, country government can impose tax as long it is not too absurd.

[Leyss]

This is a very controversial topic. Some people are of the opinion that regulation of the cryptocurrency is the main enemy of digital money. Mainly decentralization distinguishes coins based on the blockchain from any other asset, which allows them to stay independent of any particular people or organizations. Perhaps especially this feature attracts most people who do not recognize the current financial system.

If states do not regulate cryptocurrency on their territory, then it will not be able to walk normally in the world through the lack of adequate infrastructure for its circulation. Cryptocurrency will remain semi-legal.
The usual regulation of cryptocurrency by the state consists in determining its official status, conditions of its circulation and use, as well as in establishing taxation. Such regulation cannot affect, much less change the decentralized nature of cryptocurrency. Therefore, the state regulation of cryptocurrency should not be afraid. Moreover, without such regulation cryptocurrency will not be able to further develop.

[Bizard]

I think that, of course, it is better to regulate otherwise we will not go to a new level, so it will be good for us if all countries take up regulation.

[DavidNiva]

No doubt about the future of fiat money: it's gonna be replaced by cryptocurrencies.
But does virtual money need a REGULATOR?

Of course, a regulation system that is intended to regulate the circulation of crypto currency is very much needed, indeed the regulatory system that is implemented may be different from what applies to paper currencies, this may be more global and more transparent because it adopts a blockcain system that is all decentralized so it is not there is a crime that can be done in this system, I think this will happen ..

[troy.gold]

I am a firm believer in regulation. Industries which go unregulated be abused and the small investor always loses out.

Act's like the Virtual Financial Assets Act in Malta will help bring cryptocurrency to every day life.

[deppil]

I think in the future all countries will agree to implement regulations and implement crypto as digital payments, although not all crypto will be approved. Actually, regulation is important because it can help us to identify that the wallet is ours and can minimize irresponsible exchange fraud. although government regulations aim to limit withdrawals and audit each transaction.

Of course there will be limits when regulations are made. you will get government monitoring of the transactions that you d,. there are taxes, and other restrictions. for some people it's not a problem as long as regulation exists and provides a positive development for cryptocurrency. you're right not all cryptocurrency will be given legality and regulation. maybe only a few coins are trusted like bitcoin

[hahay]

I'm sure fiat money will not be replaced by cryptocurrency, in the future I am only sure if cryptocurrency or digital money will become a more popular payment tool because in the future the digital era will increase and continue to grow, if that happens then of course there will be regulation and payment of taxes for the use and ownership of crypto. The regulation will not limit us from being able to use crypto, I am sure that with the existing regulations implemented by the government, it will make the future of crypto better.

[Yaplatu]

 

[cabron]

There are just few of the countries that bann crypto, I think they will soon change their minds when they see the results of what economic impact it can do. Government can collect taxes to such process. The countries that banned BTC and crypto are going to be force to regulate and approve because they may not be able to trade to another country when other countries force them to pay in crypto with their transactions.

[maarx]

Bitcoin has bright future and of course bitcoin will be the future of money. At the same time fiat will not replaced by bitcoin. Because both are essential for countries economic growth. That's why many countries accepted bitcoin and few countries banned. I hope in future all the countries will accept bitcoin. People are ready to invest on crypto and there is no tax for crypto in many countries.

[Zalura]

many countries have implemented crypto currency regulations, we may still wait a long time for regulations in all countries because in each country they have a different view of crypto currencies, but how much longer do we still not know .??

[primejia]

very necessary regulation for bitcoin, all countries should open up equal opportunities for digital currency systems, because the existence of regulations in all countries can make trading in all countries very easy, because bitcoin does not require third party intermediaries that are needed by large traders is a fast, practical payment and is not hampered by all the rules in each country, hopefully in the future regulation of crypto can be realized ..

[1BTC EQUALS 1CAR]

No doubt about the future of fiat money: it's gonna be replaced by cryptocurrencies.
But does virtual money need a REGULATOR?

Yes, we can't stop it from existing. Governments will always interfere on anything that is under their system and considering that it's going to disrupt that monetary system that we are used to. Criminals are definitely going to abuse the cryptocurrencies so I think it's just fair to say that we need regulation.

[Ridwan Fauzi]

I'm sure fiat money will not be replaced by cryptocurrency, in the future I am only sure if cryptocurrency or digital money will become a more popular payment tool because in the future the digital era will increase and continue to grow, if that happens then of course there will be regulation and payment of taxes for the use and ownership of crypto. The regulation will not limit us from being able to use crypto, I am sure that with the existing regulations implemented by the government, it will make the future of crypto better.

Indeed, in the future cryptocurrency will be used by everyone, especially if each country accepts and regulates cryptocurrency properly. However, a contradiction will come when everyone chooses to use cryptocurrency in each of their payments, making everyone forget about fiat currency. Surely, each government will make a decision again on the use of cryptocurrency by its people to balance their money fiat. Each government will think if every society uses cryptocurrency as a legitimate payment instrument, the money fiat will be eliminated and will not even be used by its people and this will create a major threat to a country.

[KorakPawon]

Whether or not bitcoin needs regulator, the important think is the equality of crypto and fiat. When bitcoin has been legal, it should have the same opportunity to be used as the currency. But, the system is should be remain as decentralized, not to change to centralized because centralized system will be costly.