Why do we need to regulate digital money

[AldenHoward]

We need to manage digital money because we have to monitor and see what price or percentage every day,Also while community is small, we won’t be able to spend digital money in real life.

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[Trimegistus]

Why do we need to regulate digital money

Because of criminals. This must be regulated!

Regulation of the crypto currency is not due to criminals. In order to protect their rights related to the crypto currency in court, we need to regulate it. First of all, this means determining its status, the order of its circulation and use. Everything needs clarity and certainty. Without this, the court will not decide in your favor. Regulation, and hence the definition of your rights when using crypto currency, is necessary wherever you apply it. Therefore, regulation is very necessary.

Absolutely! But keep this in mind; regulation goes against the basic tenets of the crypto system as the cypherpunks originally envisioned it and as Nakamoto created it.

With regulation crypto as we know might dye.

[monarchy]

yes because they are our assets in the future and they also really help us to make money premises more easily so we must keep it to be our assets in the future nati

[genlocy]

Yes there are many options that people can use digital currency as illegal way,and for this reason i think we need to regulate digital money.

[jhache]

Very small amount of regulations is fine but that's not what the governments want, they want to have complete control and they are going to put full on regulation measures once they get the chance. Some regulations are necessary as without them the scammers and hackers are going to be fearless.

[andrino]

We need to regulate the world because we need to make sure it won't be down and down situation when time comes of calamity. To regulate digital currency is to say to control and not always in issue of controversy with the government.

[gaurav82]

Bitcoin is totally decentralized. It's move according to demand and supply. But I think it should regulate. It can use for illegal activities. By having information we can control and prevent it for use for illegal activities.

[senne]

All the digital money system are not anonymous, some are private and other government owned which runs on proper regulations.

[Imey77]

in any transaction and using any means of payment, we still have to be wary and wise use it. using digital money or not, depending on what transaction and with whom.

[queenlaurel]

We need regulations, but not the harsh type that will scare investors away. We nees it to curb, fraudsters and hackers in cryptocurrency.  The more people get into digital currency the more we are going to have people who are just there to steal from other  people. Regulations will keep people's account from being hacked and it will make them feel comfortable investing and dealing in digital money.

[jurelmartin]

Basically for us regulation will give us the title of legitimacy which can be the product of popularity and the community with trust to crypto which is a very good result, while on the other hand for the side of government it can prevent using it in a bad ways

[iotarocket]

I think you want regulation to protect ordinary consumers, which brings confidence and from that emanates wealth. However, privacy coins will always have a niche within the cryptocurrency space, and will thus serve an important market. There is room for both regulation and a niche of privacy coins.

[Balayashi]

We need regulations, but not the harsh type that will scare investors away. We nees it to curb, fraudsters and hackers in cryptocurrency.  The more people get into digital currency the more we are going to have people who are just there to steal from other  people. Regulations will keep people's account from being hacked and it will make them feel comfortable investing and dealing in digital money.

well in my honest opinion i think that we need regulations yes but sorry do disagree with you, not to keep people's accont from being hacked. That comes with teaching others the dos and dont's and with information about how to do it.
Even today in traditional and regulated markets, if you go for a online plataform you can be hacked if you don't follow good manners.
Regulations are needed to between other practices, avoid for example market manipulations, something we see everyday in unregulated markets

[braZZers123]

Digital currency is to change the world, many of which were positive, to a certain extent, they pose a containment of the government, gave the people an alternative, but that doesn't mean they don't need to be regulated.


One of the core reason is: anonymous, do not track, not regulated digital currency will make form a closed loop technology crime, money laundering and terrorist, and disappear from unsolved bits, bytes, while the impact damage with each person in this world.


If every penny of extortion is tracked, is there enough motivation and courage to launch a WannaCry to attack the world?

Cryptocurrencies also have the property of decentralization, not only anonymity, this is also one of the advantages of bitcoin. And if you start to control it, then many users of crypto currency will stop using them.

[jpespa]

Well regulating digital money also provide benefits for people like security on your wallet since it will become protected but somehow there will be additional restrictions and conditions to its access.

[BUK2016]

Well despite the fact that Bitcoin come with a lot of benefits to the user's and the economy at large there are still negative effect that may result if not check mate by an authority.

[Balayashi]

In a future and if intended to be a current way of paying and buys stuff and acting his way like fiat money, even with the decentralization and the anonymity it needs to have regulations over it. Even private coins, if not over wallets and the use of it, since, well, it's private coins, the trading even if by an exchange needs to regulate that some how. Otherwise we'll end up in global anarchist economy and that is way worst than what we have now days

[roadwell890]

because users are large enough, then we also need certainty and legal umbrella that regulates about cryptocurrency
the government must begin to realize and begin to notice the movement of cryptocurrency
and we also need to be smarter again in using cryptocurrency as a means of payment

[amberthomas]

Digital currency is fairly new to the public and it definitely needs some rules to hold it in place and for it to be a norm.  In the event that the administration won't control digital money, it can be an apparatus some time or another to make a war and will result to a contention in our general public.

[Bitcoininvestment]

Anonymous transactions using cryptocurrency seems to be really abused these days because of the different high paying crimes right now. People are really choosing the profit over legality which makes the cryptocurrency have a bad reputation. Anonimity ob transactions is really helpful to us since it aldo allows us to be free from goverment taxes. Crytocurrency also changes its value depending on the demand which makes it a source of investment but could also be really risky. Still there are lots of flaws in cryptocurrency that is needed to be solved first before we will be able to use the different cryptocurrencies officialy.