Why do we need to regulate digital money

[debopam.chanda]

Going forward, Regulating the digital currency to its core would not be the best option. What i meant here is that regulating how its formed, in what order, and location specific and the pricing. Not everything needs to be controlled and checked. What certainly can be tweeked in tge existantial system is thw way to track a transaction, may be only if needes though.

How transactions are irrevocable sometimes turn out to be an issue. And it identity which is kept secret is a good thing in security terms but when need arises, as it may in case of crime, extortiom and laundering cases, it is what stops the investigation to proceed. So some tweeking here and there needs to be done. Only if developers could do it remotely in the existing and should not create some new crypto every day.

[KrakenZ]

It can not be denied if bitcoin is better regulated by the official party globally. If bitcoins are set globally then bitcoin prices will be more stable, bitcoin market prices are no longer affected by demand and supply of bitcoin so bitcoin has a lower risk of being manipulated. I strongly agree if bitcoins are set globally so bitcoin has a lower risk to be used for crime transactions. If the bitcoin is set then the person using bitcoin for the crime transaction will be more easily known.

[bengetsia]

i think Digital currency or more commonly known as cryptocurrency needs to be regulated as it needs to have features in olace that will protect us the consumer and those that would operate this from misuse and other kinds of fraud and Regulating cryptocurrency is not possible because it is decentralized but regulating the transactions in the cryptocurrency exchanges is possible and some governments have already imposed this kind of rules. The aim of regulation is to protect the bitcoin users from any scams that involved bitcoin and other cryptocurrencies and prevent some people in using it from any illegal acts

[Burogh]

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?

Regulation still needed in cryptocurrency. Cryptomarket growing bigger than last years and market cap already reach above $200billions dollars and thats why regulation needed because if there is no regulation, scam project will always in market. If cryptomarket want growing more, regulation will make big investor confident with cryptomarket

[iMark]

It can not be denied if bitcoin is better regulated by the official party globally. If bitcoins are set globally then bitcoin prices will be more stable, bitcoin market prices are no longer affected by demand and supply of bitcoin so bitcoin has a lower risk of being manipulated. I strongly agree if bitcoins are set globally so bitcoin has a lower risk to be used for crime transactions. If the bitcoin is set then the person using bitcoin for the crime transaction will be more easily known.

Yeah we are not hypocritical that regulation will bring many positive things like mass adoption, skyrocketing prices, many stores accept bitcoin and so on, but are decentralization and anonymous still in bitcoin? of course,
then we don't know yet what the government requires for bitcoin users, so just wait

[Minihut]

Regulating cryptocurrency is not possible because it is decentralized but regulating the transactions in the cryptocurrency exchanges is possible and some governments have already imposed this kind of rules. The aim of regulation is to protect the bitcoin users from any scams that involved bitcoin and other cryptocurrencies and prevent some people in using it from any illegal acts.

[MMS2017]

If digital money regulated then many countries will ready to accept this money in their world and people also prefer this currency because of the person to person contact and now a days bitcoin is using for many international transactions as well.

[arctic circle]

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

[ann_82]

We get used to do our transactions in our current traditional monetary and banking system. If banks and governments cannot control crypto currencies
 they don't want them to be used legally by people. So, if everybody use them legally, it's!!

[blue_id69]

We need to regulate digital currency 'cause its fairly new and it still needs some rules to hold it in place. Its for the better of the public and the society. This also means that the government is ready to accept digital currency. Making regulations is just there for digital currency to fit in the society and in the norm.Regulating the digital currency to its core would not be the best option. What i meant here is that regulating how its formed, how much needs to be made, in what order, and location specific and the pricing. Not everything needs to be controlled and checked. What certainly can be tweeked in tge existantial system is thw way to track a transaction, may be only if needes though.

[zoeylee]

In my opinion it needs to be regulated for this would not be use for illegal transactions. Investors would be guided with rules and regulations for proper control. Maybe there would be changes but it will give better future for the digital money.

[Duogembrot]

because 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.

[robaya]

because 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.

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.

[tesmark07]

We really need to regulate it world-wide. Because digital money is uses by many people all over the world.
By regulating digital money. This is the very best way to do to avoid some problems and questionable income from government.

[lihacheva]

Other forms of digital money are already regulated and I think it will be same with crypto in future. It will also help to control price manipulation.

[lorapalmer]

I believe that there should be some international rules to regulate cryptocurrencies but without tracking and taxing of the bitcoins.

[rameshrajan1000]

Digital money control is very much needed. They have done this in Korea now. It helps to increase public confidence despite some disadvantages of digital money taxes.

[samoilo]

Bitcoin transactions are not completely anonymous, they can be traced bank to bank deposits in exchanges. Most exchanges also take KYC from customers.

[senin]

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.

[Jennycrypto]

there is need to regulate bitcoin, because of abuse, govt should initiate bitcoin regulation, as it will attract more users, many people still has not tap into the bitcoin tech, because Govt has not officially regulate it,even some Govt warn their citizens to stay away from bitcoin. but  ones there is regulation we will witness a mass adoption of bitcoin.