Why do we need to regulate digital money

[Sonamziv_99]

We do not have to manage digital forms of money however controls can be additionally useful with the appropriation and development of them or they can be prohibitive and even keep the reception out and out. At last it will come down to what they are directing and how for instance on the off chance that it is direction of trades and in the event that it prompts a more secure place where individuals can exchange with less hazard that would be something to be thankful for.

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[cryptoblazter]

Regulate digital money is a big issue to tackle. What do digital coins need now is recognition from different countries. There are countries that don't have any form of statement about digital money. After they have recognized these coins, next is to start the adoptation in various market. From there, we may know if regulation is needed.

[Mazda17]

we don't need to regulate cryptocurrencies but regulations can be also helpful with the adoption and growth of them or they can be restrictive and even prevent the adoption altogether. in the end it will come down to what they are regulating and how. for example if it is regulation of exchanges and if it leads to a more secure place where people can trade with less risk that would be a very good thing.

Very good thinking and I like the way you think.
It is true! Regulations can lead to global consensus on cryptocurrency as well as those who want to use it and those who want to express the cryptocurrency arrangement. This can be evidence that is not illegal and many people will be interested in using it. Because its popularity is very good and cryptocurrency will become more popular now, we cannot prevent it from using crime. However, if there are laws imposed by the government, crypto activities can be tracked and illegal activities can intercept.

[Lexurdania]

Regulation for cryptocurrency is needed. If we saw growht on crypto transaction in market, in 2017 its growing more than 10x and market cap reach highest value at 800 billion dollar. If regulated by government, it will reducing fraud and scam in market because its big money in market and its need protection from government

[airdnasxela]

I think regulation is somehow a good thing. Yes it will lessen the number of investments or the like but it will somehow lessen the number of bad activities that uses bitcoin or other cryptocurrencies in their bad plans. Yes somebody might say that doesn't affect me at all but if bitcoin will be regulated by the government, its legitimacy will be acknowledged, there increasing the investment rates because people will now think that bitcoin is really legit and is not a scam or fraud. Well, I hope that the regulation means really regulation, not banning or over controlling.

[dodongrrr]

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?

i think it is important to regulate digital money in order to limit its market price fluctuation and to encourage more people to investment  as this may provide protection to many investors.

[NavigateSamurai055]

The main reason according to me is we need to regulate digital money in order to stop criminal activities because it is harmful for us and also a great threat for the nation.

[daoquanghuan]

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?

Your personal views may, however, be in fact bitcoin and other crypto not so much related to money laundering and tax evasion. In the future, it is unlikely that this will happen. There will be widespread acceptance of the cryptocurrency and this market will thrive to create more value for the community.

[zeingrind777]

I think digital money or cryptocurrencies need regulation, especially on taxes. Because I think tax is the state's income to organize and manage a country and pay the salaries of civil servants. By paying taxes, we can see a beautiful park in a city, see a clean and neat city.

[POM]

Well, i think most people liked bitcoin and crypto because it was kinda hard to track it, in past. People just like the idea of being anonymous. Anyway, when it comes to crime and illegal terrorist organizations..  some regulations might be helpful. I’m not sure what to think.

[annaso]

fundamentally bitcoin is built partly to avoid the threat of regulation. They’re decentralized, so that there’s no central power for governments to clamp down on; trades are largely anonymous, meaning that it’s difficult to find out who’s actually doing them, so it’s difficult to introduce individual restrictions too.
But there are lots of reasons to think people would abide by restrictions if they were put in place. Not everyone would, of course; but not everyone abides by any law.

[Birin016]

Crimes in these past years have evolved and they now operate online so we can see them using virtual currencies to their advantage. And that is where the government is there to prevent it from happening. We don't want people think that making money illegally online is easy and a thing that anyone can slip away.

[dilemamis]

we do not need to regulate cryptocurrency, but regulation can also help with their adoption and growth or they can limit and even prevent adoption altogether.

[Bitlife81]

Because digital money is more prone to disappear or hack than paper money. What if it is not set we will easily lose digital money. The government enforce the law in digital currency because it can be a source of crime for hackers.

[rancakadu]

Digital currency rules are needed because they prevent misuse of the currency itself and provide guarantees to all users of digital currencies if the currency can be used to transact and be recognized by the government so that there will be trust and security.

[yorannic]

you need the right regulation, but it should not be in the usual way to be implemented by banks, it should be a new mechanism, transparent and decentralized as a crypto currency, then it will help people, but if banks take possession of the power over crypto-currencies it will be utopian.

Bitcoin will be always independent from banks. Banks cannot control it. They might create a new cryptocurrency which is controlled by them. But that's not cryptocurrency.

so in fact it is a question not about bitcoin and about digital money (cryptocurrencies) as a whole. That is, as you said, they will be able to create their own, but who will need it? But just as they can make a layer for legal investment or purchase of a currency, and thus will regulate.

[reality18]

Regulations have its own pros and cons. Regulations can be good to the crypto industry in the sense that it will win the acceptance of the governments and lead to the announcement of the legitimacy of cryptocurrency and as such increase the adoption of cryptocurrency.
On the other hand, regulations can lead to the destruction of the decentralized nature of cryptocurrency. With this, governments will have absolute control over the transactions involved in cryptocurrency.

[Saveplus]

Yes we will need regulations due to some hackers and somebody who did criminal activities regarding who use bitcoin.We need regulations to be safe and secured to those hackers who did it.Atleast if we have a law by it they can punished onced they dis something bad in crypto.

[cahbagus555]

we do not need to regulate cryptocurrency, but regulation can also help with their adoption and growth or they can limit and even prevent adoption altogether.

Many merchant wont accept bitcoin for payment because government dont have regulation on it. Indeed we need government because most merchant wont break the rule from government

[fishball]

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 it is for the betterment of all cryptocurrencies, then why not regulate them with proper directions. But just like the opinion of other people, we do not actually need to have a regualtion. It is independent that it can work on its own.