Why do we need to regulate digital money

[jayarbillones]

for me we get used to do our transactions in our current traditional monetary and banking system. Of banks and governments cannot control cryptocurrencies they don't want them to be used legally by people.once Bitcoin becomes global currency which will be easier, rather than regulate from part to part.

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[zulkarnen198]

We all have to set the digital currency because it's fairly new and still needs some rules to keep it in place. For the better of society and society. It also means that government agencies must be ready to accept digital currencies. Making the rules there is only a digital currency to fit within society and within its norm.

[deppil]

yes sir, digital currencies like bitcoin and altcoin require regulations, other than because of anonymous, fluctuations in the price make crypto currency does not work by name. currency needs a fixed and stable value. so it can be used to assess an object. the current case of crypto currency is a commodity, and not as a currency.

nope I think even though the fluctuating bitcoin is a currency. you can shop using bitcoin at the store? a steady price is not an
obligation for every currency must have? and I agree that crypto needs a regulation for better development

[kingleo121987]

digital currency is very necessary to be regulated. because each currency has the same pattern and rules of each. So digital currency also needs it. if not, the digital currency is still facing the same destruction and the value there will drop. and customers also have a bad feeling about it.

[HanaTenun]

until now still few who use bitcoin and other cryptocurrency as a means of payment. because of the highly volatile nature of cryptocurrency. no currency in any country like bitcoin changes its value, therefore it is necessary to rule this digital money.

[gonlavy]

Digital currencies like bitcoin and altcoin need to be regulated, to regulate bitcoin means to give a legal status to bitcoin in your country. you can then use bitcoin  in your country with lawfully,for this digital currency need to be regulated.

[CryptoGamblingSites]

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.

Absolutely! But keep this in mind; regulation goes against the basic tenets of the crypto system as the cypherpunks originally envisioned it and as Nakamoto created it.

With regulation crypto as we know might dye.

It seems more likely there will be "regulated" and "unregulated" crypto currency markets in the future.

There will always be people with reasons that they don't want transactions traced. Probably more illegitimate than legitimate reasons but that is just how the world has always worked.

[cold cool]

Digital currencies are like digital gold, and while this is not universally acknowledged at the moment, more people should choose to buy cryptocurrency in the future.

[Shopping Coin Official]

Bitcoin is a decentralized cryptocurrency  that means no other third party takes part in the transaction of cryptocurrency .It is a peer to peer transaction done by the users only. Transactions of cryptocurrency need no identification or verification . It is also a virtual currency that can be exchanged for fiat currency. It is an acceptable form of payment to purchase goods and services.

[Leyss]

Certain regulation can be made by states. In order for the crypto currency to legally begin to go to the territory of each state, the state must issue a specific normative act, in which to determine its status for all subjects that will apply it, as well as determine the conditions for its circulation. Without such regulation, the crypto currency will simply be illegal. It's not just a ksa-something commodity, it's money, and they need to have a clear status for walking.

[bitcoinrunners001]

Cryptocurrency is being decentralized so if we want it to be regulated by the government well it would be lose it's uniqueness.We do not 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.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.

[kingleo121987]

many countries use digital currency settings because they may want to make digital currencies such as bitcoin currencies can be one of the most popular currencies and must have the permission and legality for the circulation or use of bitcoin currencies.

[abiola4real]

This is really needed at this moment to separate the bad coins from the good cryptocurrency, we all know they are so many ico currently running and most of them are created for the purpose to collect money and dump on the investors.... with regulations this will be stopped...

[zulkarnen198]

Why do we all need to manage digital money, just because the price is always tossed around, still with the same challenges many people are still making money from bitcoin and doing the job successfully.

[SamsonFlores]

all transanction must be regulated registered as legality of the transanction they made to avoid committed as crime.  for instance on the off chance that it is direction of trades and on the off chance that it prompts a more secure place where individuals can exchange with less hazard that would be something to be thankful for.

[bitcoinking11]

I believe that if bitcoin has to survive in future, it has to be regulated. Otherwise, many governments and other financial institutions will always campaign against bitcoin which will hinder its progress in future.

[Narutofuc]

because it's hard for us to control

[Gaurav11kb]

If digital currency is not regulated then more scams will happen. People will try to rip off those who are with no knowledge but want to be a part of it.

Ig they are regulated then at least govt will make some rules which will avoid scams and people will feel safe while being a part of it. It'll increase the interest in the population of the country

[lolehiM92]

Day by day is an event for us and day by day the change we make is changing so that each time we fit into bitcoin life too they need to be changed to grow we need to regulate digital money

[nydiacaskey01]

People think regulating Bitcoin is the answer to prevent scams. Fiat is regulated right? How come its still being used by scammers all over the world? Regulating Bitcoin is not the answer, educating people about how to avoid being scammed on and offline it is much better and cheaper. Let Bitcoin be an option to those who wants to use it and take the risk. It beats the purpose on the creation of Bitcoin once its being regulated.