Why do we need to regulate digital money

[pekcoin01]

What do you mean by editing? Why should we organize what?
Use the exchange market to make money. It does not mean anything to me.
The market has already hit the bottom.

[mario00]

We need regulations to end insider trading and also to keep one person or a group of people from manipulating the entire market just because they have a large number of coins in their possession.

[always1337]

What do you mean by editing? Why should we organize what?
Use the exchange market to make money. It does not mean anything to me.
The market has already hit the bottom.

Why you're so desperate my friend ? Life isn't always pink and sometimes it's all bleed blue and you have to face with it, live with it and deal with it .
The present market is down yes, but there is a future infront, just wait for it and everything will be better .
This market can't be rush at all, slowly is the best way for stable growing.

[Seeker#9]

Crypto regulations are aimed to prevent or stop any virtual currency particularly bitcoin being used into illegal activities by some lawless elements. The use of worlwide regulation is inevitable because more countries are planning to impose it in the near future to safeguard them financially. Financial regulations are imposed by the governments on businesses and financial institutions in order to manage a nation's financial system.

[BitcoinCommodor]

its because they want to stop manipulating the price of digital currency and avoid terrorist to use it.

No even they don’t want to manipulate the prices of bitcoins, they can never do it. Bitcoins are totally decentralized and if some country would legalized bitcoins, even though they will be unable to control such coins. These coins can’t be controlled. And the main reason behind not regulating bitcoins is just this one. Governments want control, but bitcoins disallow that so deadlock continues.

[EricJones]

We need regulations in the market so that there will be order in the market and every little bit of FUD won't affect the market all the time and cause prices to drop for no reason and making people panice.

[raul lemos]

regulation mean something control them, in most case it's government. government=country=fiat money. that mean if regulation came out, fiat money will get the effect, means, unstable exchange currency. if government build unique blockchain, then wallet can be tracked, centralized, and more safe, in other hand, people will join blockchain and accepting it more easy. we need to regulate but with government corrupt, we can't trust that system. and thus, i don't know anymore lol  someone help me to better understand all of this lol  i'm sorry everyone

[ahmad21]

Digital money is a boon for the financial market. But many people are taking undue advantage of it by scamming many investors, or for money laundering and terrorists activities. And since it is anonymous and unregulated, the transactions cannot be tracked. Therefore, it is important to regulate the digital money. Moreover tax evasion is a pretty big threat for every government especially when it comes to developing economy as they are the ones who lose the most when it comes to taxes.

[Aandosq1]

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?

Digital currencies are to change the world, many are positive, to some extent, they lead to government detention, giving alternative people, but that does not mean they need not be governed.


One of the main reasons is: anonymous, non-tracking, unregulated digital currency will create a form of closed-loop technology crime, money laundering and terrorist, and disappear from bits, unsolved bytes, while the damage impacts with everyone in the world.

No wonder if this time many speculators and investors berbondong invest in Bitcoin. Many factors cause the value of Bitcoin to continue to soar. The most important cause is the continuing increase of Bitcoin enthusiasts. To get Bitcoin, users have to digitally mine, and after 10 minutes or so Bitcoin is distributed to them.

[Sir mikolo]

The government faces the familiar problem of needing to provide a suitable environment for innovation to flourish, while also ensuring that firms working in the same industry performing similar functions are regulated in the same way. All of this needs to be done in such a way as to protect the consumer and, in this case, perhaps the wider financial system itself. Heavy-handed regulation risks stifling innovation and driving away potential digital currency-based businesses. After all, as a truly global currency that exists in the cloud, the physical location of a digital currency-based business is irrelevant.

[Mike1992]

Too little regulation may leave digital currencies vulnerable to criminality – and the effect of this criminality on consumers and the economy. The digital currency industry already faces problems that include theft from digital currency exchanges, malware and attacks on third-party websites, as well as the potential to aid money laundering. For example, within a week of Osborne’s announcement, another bitcoin exchange, Paybase, ceased allowing withdrawals and its administrator disappeared.

[Mikolo11132]

The regulation of digital currency is important in order to mitigate these sorts of risks and prevent abuse that destroys trust in the system. It is essential if digital currencies are to develop a major role in the UK economy. However their nature presents serious regulatory challenges: there is no central issuer, no control over supply and demand and no central organisation to impose regulatory requirements upon

[VeronAncient]

the rules of digital currency are necessary because it prevents abuse of the currency itself and gives assurance to all digital currency users if the currency can be used to transact and be acknowledged by the government so there will be trust and safety to use the money without fear if the money is not accepted as a transaction tool.

[SindiRokRok]

Many people say that bitcoin is just a hoax and can swallow money, but the one that makes the trick is a malicious person, they use bitcoin media as a fraud, consequently people blame bitcoin, whereas bitcoin is not wrong.

[neerajmittaljii]

There is a common misconception that cryptocurrency exists solely to facilitate criminal or nefarious transactions.The unregulated frontier of these new digital currencies brings a whole new area of consequences.

[Notcalculator]

We need regulation to have some sort of acknowledgement of what crypto is on the law. Besides, the current success of bitcoin as digital gold, makes money launderer hard to stop. There must be a regulation atleast on the exchange level for now.

[Coleth]

We need to regulate digital money for exonomy to work in one country. Because, faster transactions and for better living. You not beed to go out doing errands outside because you can all do them at hone or where ever we are. Less traffic outside.

[lasry]

The answer is simple. We need to regulate digital money to make it last. Without regulations, this might cause great imbalance in the market, the reason why banks keep on banning cryptocurrency, so to preserve it, it needs regulations.

[crocozino]

I guess you are right, the lack of the regulations, can cause the governments just ban cryptos..
so it is better legalize it and regulate..  legit status of crypto will allow people to invest in it in legal way ..
which bring a lot of legal money )

[Sliro]

We need to manage digital money because we have to monitor and see what price or percentage every day, so we can know the price rises and the decline of the market of the coin and we can arrange and determine where the moment when we to sell or buy the coin