Thoughts about Regulation of our Cryptocurency

[zenrol28]

If we want to be acknowledge by the government, being regulated will help. Besides it is also for the good. Especially when some fraud use cryptocurrencies as their medium, they will fail because of these regulations. I think it may take some years for these to settle down and come up with both parties [government and cryptocurrencies] in favorable conclusion.

[1715270008]

1715270008

[1715270008]

1715270008

[Semaj123]

If we want to be acknowledge by the government, being regulated will help. Besides it is also for the good. Especially when some fraud use cryptocurrencies as their medium, they will fail because of these regulations. I think it may take some years for these to settle down and come up with both parties [government and cryptocurrencies] in favorable conclusion.

That's the advantage of regulating crypto by the government which is to prevent the increased  number of scam ICO. Also, if the government will seriously to help the community to improved their economy then this is a better idea. Especially now, more and more countries are now getting interested in the world of crypto.

[Dmitry.Vastov]

      In my Opinion regulating cryptocurency industry will be a good thing in the long run, with the most important aspect being mass adoption. Everybody on Steemit is really early adopters of the new technology and this will count in all our favours in the long run. For me regulation means mass adoption, as more and more people will feel more comfortable to invest their money in Crypto Currencies. And we all know that when more money comes into crypto, the prices of everything usually goes up and I do not believe that regulation will cover that we all have to declare exactly how much Bitcoins we each own.

Regulating cryptocurrency is very good in the long run and if bitcoin be regulated once then there will be more millions of people who wants to invest into BTC because once it has been regulated then they will feel secure and safer and if there will be any issue then there is a person who is answerable to them and even bitcoin market will also grow after it has some regulating body over it and it will definitely happen in the future.

[petrserebrennikov321]

First, consultants are already working here to help choose the right project for investment. Secondly, you can do this yourself, by analyzing a project for its viability.

[timoshani]

This time had to come sooner or later. Questions concerning regulation from the government institutions about the transactions with cryptocurrency break the basic principle of freedom. However, it will help to reduce crypt streams which go to a deed of evil. Therefore I for the passing of KYS, but against complete control as at bank transactions.

[vinzon04295]

      In my Opinion regulating cryptocurrency industry will be a good thing in the long run, ...

If you want a regulated currency, then why not just use dollars? The whole point of of public decentralized cryptocurrencies is that they do not need to be regulated. Why create a new currency when you already have what you want?

yes right the main reason of existence of bitcoin is that to provide a currency under the scope of banks and government  if there will be a regulation in  bitcoin market or any bitcoin transaction by the government then the aim of bitcoin and other crypto currency to provide a safe and anonymous financial transactions will be ignored and will be dismiss and will get far away from it's true meaning maybe the government can just accept the existence of crypto currency and not regulate it.

[Tylev]

Regulation by the state is necessary. Without the regulation of the crypto currency, it simply can not continue to develop further. However, one must take into account that the state is not interested in strengthening the decentralized crypto currency. Therefore, the regulatory process will continue for a very long time. States will eventually inevitably set new and new restrictions, while simultaneously releasing its centralized crypto currency as an alternative to decentralized. In this regard, the confrontation will indeed increase.