Why do we need to regulate digital money

[bitterdog]

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?

In security and safe aspect, im agree with your opinion that digital money need to be regulated. But, in the other aspect, i don't agree with your opinion. I think the initial goal to make digital currency is to give a people alternative in financial system where freedom can be hold absolutely. thats why they made up under the system of decentralized. But, if the digital currency is being regulated, i think it will lose the initial goal of creating it.

[Girlsbit]

At least in order to be insured in case of collapse.

[Luthfiyaaa]

I do not know the exact reason why we need regulation on digital money or cryptocurrency. but I think with regulation, the market price of crypto will be more stable because of the regulation. therefore, transactions that occur in cryptocurrency will be manageable and more organized and safe from crime. that's just my opinion.

[jhonvir666]

It's really right, but most of the things that hold a cryptocurrency really still depend on the transactions of a bank to convert its fiat to crypto and it becomes vice versa. However, its transactions can be tracked, I'm ordering to others, regulations are still needed but not by removing the lead signature method in a cryptocurrency.

[Leo Barnes]

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?

Even bitcoin is not yet made by Satoshi Nakamoto all of this illegal activity has already existed. wealthy individuals and powerful nation finance a war for their interest, greedy. Bitcoin is not like that, bitcoin made anonymously to make everyone equal so that those less fortunate people and unbanked society can have their savings of their own.  

[baconlike]

I think e-money is falling into crisis and breaking down. I think we need a corporation or a power to interfere and put them into a unified framework that will be better.

[pareshnakar]

its need because of regulate and very helpful in crypto currencies it much better and faster to transaction and all the transactions are safe secure so its need digital money.

[Sandijoee]

Every All Currency should require arrangements. The usual also requires setting but the regular currency has the same pattern and rules. So digital currency should also need settings.

[teamspike911]

It is pointless. If the money is decentralized, regulation sooner or later will become simply physically impossible ... so it's silly to argue or not ... these are just empty fantasies

[lamcouz]

Blockchain empowers the public ledger of cryptocurrency, it serves as the central managing system to ensure each coin is properly documented, connected together, cannot be duplicated, the encryption and others.

[akatos]

Totally Agree !

[yigga]

Personally, I also think if we have some regulation for digital money it is the best decision because if no one control digital money It will be a disaster, Most people use for money laundering and terrorism This is the main problem If have some regulation can control those things but practically we failed we need to find a way  

[arya123210]

Because we're going to use digital currency in the future so we have to turn it as best we can to use it in the future and maybe that's our most valuable digital asset in the future

[Mofazzal840]

In my opinion, we need to regulate digital currency because is the trend now.We are facing the digital world. So we need to educate people about it. We can face the future with full knowledge about it in the world. 

[hotforblockchain]

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?

You already mentioned all the reasons why we need to regulate it.
Because citizens need to pay taxes for countries to be able to exist.

[nagasaking]

We do not need to set cryptocurrency, but regulation can also help with their adoption and growth or they can limit and even prevent adoption at all. we also talk about how the economy flows. The government enacted the law in digital currency because it could be a source of crime.

[Saldom12]

Yes of course we have to manage digital money, all money must have rules. Ordinary money alone has rules but each money is the same system, if digital money is different from regular paper money I personally do not really know the rules of digital money.

[Stromspirit]

Because we will use them as national currency in the future so we need to arrange them so that they will continue to run stable and not make us all losses in the future and we must also require permission from the government to use bitcoin in real life

[Rustandy]

There is the possibility of digital money being used for illicit activities, the use of digital money for money laundering and terrorism financing. That is why arrangements are still needed for the entity and more for the activities, such as who does what, where they get licensed and supervised.

[Sanjeewa101]

Most of the government going regulated Crypto because of Its high volatality, Govt can't fall their economy into hell