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Author Topic: Do we need regulations?  (Read 2409 times)
Direwolve735
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April 15, 2018, 05:54:44 PM
 #781

Of course we need rules, and this is to overcome the things that are not in want, especially now there is a lot of fraud and most fraud occurs because there is no regulation on both sides. Then life without rules will be very silly and futile.

I'm not a fan of the regulation of the crypto-currency market, but if we look at the situation globally, I agree that some rules and restrictions are needed. I agree that regulation is needed in part because there are too many scammers on the market and we need to get rid of them. However, the main reason for the need for regulation is that it will allow large investors to participate in the game. Now they are afraid to enter the market, because they consider it too unstable and full of various dangers. Regulation will convince them to invest in crypto-currencies, it will show them that the crypto-currency market can be a reliable field for large and long-term investments.

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drlederman
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April 15, 2018, 06:15:37 PM
 #782

Most governments already require KYC/AML registration when you open an account on an exchange. If you do a large transfer of fiat from your exchange, banks in many countries will be required to flag that with some government authority. Capital gains on Bitcoin are taxable in many countries.

What additional regulation do you envisage?
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April 15, 2018, 07:16:09 PM
 #783

i think yes we need regulations in cryptocurrency world because if there will be regulations then there the chances of frauds in icos will decrease because after regulations there will be strict rules like giving security money before starting ico, or other penalty. even after regulation there will be a good impact on the stability of the prices.

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April 15, 2018, 07:40:18 PM
 #784

How do you guys think? Do we need regulations in the crypto world? Should only ICO be regulated or legit coins (not "security tokens") too? Can we implement regulations mechanisms in code so that corrupted governmental institutions couldn't manipulate the industry? Can we still have free market with governments' regulations across the world?

Please, share your thoughts. I'm a bit confused about what's happening right now.
With regulations come, a lot of restrictions. There are many frauds happening around the crypto market. These days all the new ICOs that are launched are scam. They are designed to get money from the innocent people. this necessitates the implementation of regulations for the crypto market. Regulations will make the scammers under control and they will not mint out money of the innocent people.But the main problem of regulations is the restrictions that it will impose on the community. then the market will not be as free as now.
 

  

 
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Mamahmuda22
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April 15, 2018, 07:48:57 PM
 #785

I think all there must be clear rules. because something that has no rules will be destroyed. but this is the problem until now there has been no rules that are beneficial to all parties without anyone being harmed. most of the existing rules will harm one party. so it is not easy to create rules. but I'm sure that time will come true.
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April 15, 2018, 08:07:20 PM
 #786

Think that rules can influence a positive and negative side. But for me I governed well to do here in cryptocurrency. It can help us to prevent emergence bad and swindlers. Rules can also make this community clean and ordered. We will be more ordered if rules are introduced. But too much regulation can also make this community crowded and chaos
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