Why do we need to regulate digital money

[Joseph Cabrall]

Cryptocurrency has a lot of communities, regulation is needed to control the market price of cryptocurrency. regulation is what remains to be considered because it affects the value of cryptocurrency in the market. Maybe with regulation that can give regulation of digital currency circulation bitcoin can be good and all cryptocurrency can become very famous and will be able to trigger price increase of cryptocurrency including bitcoin.

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[Rupcrypto]

We need to regulate digital currency because it is cashless and safe way to use it. It the one of the best way to deal with the transactions very safely from abuse or illegal form  in the crypto currency world.

[Red Fire]

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?

We need to regulate it because it is very important to us. Just like what they say this is the best way for the transaction because it is easy and safe for us. If we do not regulate it there is a chance that it will gone.

[jakezyrus00]

Because I am seeing that digital money or digital currency is one of our strong points to improve our future. It will improve a lot specially the payment system, business and personal transaction, safeness, more efficient and many more things.

[strideynet]

I think on the basis of blockchain will be organized those cryptocurrencies, the movement of which will be tied to any personal data

[Ausgewielt]

Digital money provide freedom for the user and regulations will make that freedom dissapear. Government will only make regulations that give them benefits, especially in taxation.

[forestharvest]

If there is no regulations in digital currency we will see many foul plays involve like money laundering and many more. Digital money might or might not be backed by a government so if there is no regulations who can really give a value to it.

[Banulit]

We need to regulate the digital money for legalizing in one country for alternative currency and to accept it the government will benefit for taxation

[CryptoInvestICO]

Now, there are hacking exchanges, many fraudulent ISO, which collect money and disappear, in the regulated market there will be rules in violation of which there will be some responsible and many will start working more legally

[Rustandy]

This is very clear where we need international arrangements and proper oversight, there is the possibility of digital money being used for illicit activity. To that end, it is now actively preventing the use of digital money for money laundering and terrorism financing purposes. Arrangements are still needed for the entity and more for the activity, such as who does what, where they get licensed and supervised.

[kakaty]

With regulations only a group of people are fearing investing in a decentralized platform will get a confidence to invest. Others who were into bitcoin will not give it a consideration.

[CryptoWorld87]

Because digital money is very fast, more secure and very safe unlike fiat money that very risky if you bring a huge amount of money you looks too afraid that maybe some bad peoples around you will take your money.

[Testme]

Because we are living in digital age, wherein we are living in an instant. We can access our family members anytime, anywhere using our digital devices. We can order online, and it will be more easier if we can pay it through digital money. Hassle free and it will be easier. Digital money more convinient than physical money.

[bat11]

I think some goverment wants to regulate it because more and more people are using cryptocurrency for illegal activities. Regulating it might minimize those problems.

[thenameisjay]

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?

If cryptocurrency has been tracked, regulated or in other words, centralized, then what is the purpose of it all? Why did the community invented cryptocurrency in the first place? To make sure that money is sent to the people 1:1 without the need of a middleman.

[prikitiw]

Rules are very important in everything including in cryptocurancy. Because it can prevent the misuse of the currency itself and provide assurance to all users of digital currency if currency can be used to transact and recognized by the government so there will be trust and security to use money without fear if the money is not accepted as a transaction tool. With the existence of cryptocurancy rule hopefully can reduce crime rate involving crypto money.

[hulkangrysmash]

I think its important to regulate it to minimize illegal activities involving cryptocurrency. It will also help to make the system more secure.

[DJ_Rick]

I don't think we need to regulate digital money but the government has another point of view as they want to regulate everything, i think it is not good for people as we enjoy confidentiality

[Dessy Nurvianti]

Well. Yes i agree with you. Cryptocurrency is big revolusion. That is true many positive but many negative too. Government had not yet intervened what will be happen if government intervened? And cryptocurrency is alternatife asset besides gold. And regulations about cryptocurrency is not legal. therefore theft can be happen to destroy cryptocurrency.

[Rana590]

We are live in modern life. For this reason, we generally use different digital money. But we should be careful about that by digital money, a lot of crime is happening. For our better life, we need to regulate it.