Why do we need to regulate digital money

[Rajamuda]

The characteristics of crypto indeed are still vulnerable to crime/negativity, and certain risks are still feared by most governments. This can indeed advance the economic lives of many individuals and is worthy of getting protection from the government to avoid more than a lot of negative actions as well ass it will not get hit by a virus/hacker.

[Direwolve735]

As long as powerful governments exist (which they certainly will in the short to medium term, and most likely will in the long term), regulation is pretty much inevitable.  

It's important for them to regulate it so that they can monitor what taxes people are paying, since many Bitcoin users seem to avoid it.  It's also important for them to try and prevent illegal activity by monitoring exchanges.  

Sure, regulation isn't very effective in all cases, but when you have laws in place, you need to be careful not to let some people off the hook or you'll end up with protests.

In any case, the state is present. And the fact that it does not manifest itself in most of such transactions does not affect the fact that the existing legal system is, in principle, sufficient for interpreting the relations over crypto-currencies. To date, the lack of a legal definition of the crypto currency does not allow companies that are on the usual taxation system to take the crypto currency for a balance. That is why I believe that the regulation of the currency is inevitable, sooner or later it will happen.

[jademacoy]

The regulation is not an issue to bitcoin in fact it is a good  move for a government to embrace cryptocurrency by regulating the exchange for crypto. As we all know for those crypto lovers that cryptocurrency is an opportunity for us to earn more just like gambling in the casino which is being regulated also by the government. But cryptocurrency if compared to casino is better because earning profit is not that difficult in a simpler way of holding and selling crypto. It is just like investing time.

[Mofazzal840]

We must need to regulate digital currency .it has necessary for educated people. So that we can face with full knowledge about it later.Otherwise cryptocurreny user will fell uneasy  about the fact.   :

[fulled]

I agree, digital currency should regulated to make boost this new thing to massively adopted, digital currency need to regulated for making everyone feeling safe to using this currency

[anitaraymonds]

The only reason the government want to regulate the cryptocurrency is to enable them to collect tax and take control of all the crypto currencies so that the rich will continue to be rich.

[paruru123]

Regulation is created to ensure the security of transactions and transfer, so that bitcoin is not used for illegal purposes.

[dravidadi]

In order to stop digital money from wrong usage we need to regulate digital money.

[nanasei]

Digital money is to regulated to prevent its use as avenue for crime proceeds like money laundering and scams. It will prevent ICOs from taken advantage of innocents people and running away with their money if proper regulations are put in place

[hitchcoin]

We are in some real need of regulations for the crypto community because we have to prevent this uneven coins distribution that happens so often and leads to the situation when only a couple of individuals hold tha majority of coins that are available.

[EdenHazard]

It seems to me there is no sense to regulate cryptocurrencies. But this is now actively engaged in many States around the world. Against the background of the popularization of the cryptocurrency and the increase in capitalization, many countries have decided to impose a profit from the sale of cryptocurrencies by analogy with the sale of capital assets. The amount of tax varies when selling short-term (15%) or long-term assets (20%). In the second case, the cryptocurrency must be owned for more than 12 months.

they said it is a threat , crypto users should be protected etc , that is all the excuses . we want a freedom and government did not give it . even though it has proven profitable , those people who consider crypto currency are not secure will always try to make an attempt to stop bitcoin operation for no matter what happened.

it is a little bit makes sense when they think it is just security matters indeed but things behind it to dump crypto currency aren't makes sense at all. just some people who taking advantage to spread the FUD.

[tisoysoy]

In my perception,  we need to regulate digital money to minimize some Illegal actions, since Its a decentralized and anonymous. And this Is a major factor which make digital money to Increase and create a mass adoption.

[DannyMarco]

Regulation is very much essential for the safety and also for stop from being abuse.

[Mr.Dick]

The only reason the government want to regulate the cryptocurrency is to enable them to collect tax and take control of all the crypto currencies so that the rich will continue to be rich.

Jeah plus maybe telling the voters they did a good thing to offer their freedom for security..

[semediu]

Setting a digital currency into its core would not be the best option. What I mean here is how to set the shape, how much to make, in what order, and the specific location and price. Not everything needs to be controlled and checked. What can definitely be tweeked in an existential system is a way to track transactions

[Ahimoth]

They’re attractive to criminals due to the pseudo-anonymity created by cryptography and a peer-to-peer architecture provided by blockchain technology. Regulating the industry is necessary because it removes an intelligence black spot that’s exploited by criminals. Digital currencies including cryptocurrencies such as Bitcoin, Ethereum, and Ripple, these can pose numerous security challenges for governments.

Because it's a kind of thing that is not infinite and has a limited numbers only. Regulating it means taking care of it properly so that we can have it for so long. Abusing digital money will lead to it's scarcity which is bad for all of us. Everyone here is responsible of digital money 'cause we're all in this together so it must be regulated for the cause of all.

[conceivedspoon2]

In most ways, bitcoin is changing the face of businesses and individuals. It is no doubt that the impact of bitcoin on every innovative economy is massive and positive but there is really need for regulation because of scammers and illicit and illegal transactions.

[RuslanSamui]

All greetings, the state should control digital money in order to prevent criminals from having opportunities for their criminal schemes. Terrorists can use digital money

[bitcoinman93]

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 agree with the need for regulation, but it's very delicate and difficult topic. I'm not sure how that should be achieved to be frank, I guess only to issue new KYC focused crypto currencies

[cryptomichael87]

I think it's a matter of time bitcoin will be the future currency. Blockchain is the technology which relies all cryptocurrencies
transactions so secure and unhackable way.