Why do we need to regulate digital money

[Indai24]

if I think digital currency is not the same as the real currency, because the digital currency level of instability is very high than the real currency.....

Everything needs to be regulated specially when it comes to monetary transaction whether it's digital or not, due to the fact that this might misused by others, might be a source of fraud, or can be a source of illigal transaction.

[wengden]

Digital money is one of way to change the world. Activities ans works that deals with money will b3come easy using digital currency. It is also easy to earn a digital money even the uneducated person can earn. Since it is digital currency,it has a great value than fiat currency.

[vvaswert]

some countries require regulation of digital currency because maybe the country wants to make digital currency like bitcoin this can be one of the best currency and have permission and legality for circulation and bitcoin usage.

[bitcoinVPSD]

I agree with you . We need common rules to develop electronic money as well as to ensure its existence in the farther future. These regulations prevent criminals from using it to commit crimes. That will bring more positive views from the government on electronic money.

[zynan]

It's is good to regulate digital money now for the convenience of sending and receiving money to your love ones in just a single click on your device. It is also good to regulate tracking system on digital money to avoid money laundering and so government can easily detect those criminals. I believe this will be implemented in the near future because of the intensive hype of people about cryptocurrency.

[kenzruiz]

Digital currencies have changed a lot, digital currencies do need to be organized so as not to happen for abuse by criminals, and with those rules will make the user feel comfortable.

Digital currency is a type of currency as a digital form, It allows us for numerous transactions. Digital money is key to the future because it is central point of control in terms of money supply. With the help of these, payments transaction can be done.

[Underlord]

some may disagree with the regulations, but it might be a good idea if in the future there is a clear regulation of digital money in order to suppress crime rates. So the public interest and trust about digital money will increase and this will provide an opportunity for digital money to be made as an official global currency.

[angchosenone]

Most importantly, we are not the person who can influence direction to digital money aside to from government.

Advanced cash resembles with paper cash however they are distinctive in highlights and process in utilizing, them two have a similar utilization. Crypto and fiat have esteem and they are cash. When we discuss the money, we additionally discuss how the economy streams. Government forced a law in computerized cash since it can be a wellspring of violations. In the event that the administration won't manage digital money, it can be an apparatus some time or another to make a war and will result to a contention in our general public.

[Ava Duvall]

it needs to be regulated so everything has order nad has its place. illegal payments have been occuring in the Dark Web.  so to prevent this problem The government has started to take control of  Bitcoin and they hope that regulation is the best way to solve its issue.

[Uno17]

It is also beneficial to all if digital money be regulated specially in this millenial age, that people are dependent on computer system, overall it provides convenience to us, because it’s just a matter of computer touch and transactions done, no need to travel or drive to do such transactions, but hopefully the system won’t be abused by criminal minds also.

[manfredmann]

It is very important to regulate cryptocurrency because this is one way to prevent illegal or abusive forms in the use of cryptocurrency. This is one way to promote healthy environment for cyrptocurrency and this should something to be done by the government.

[nicko122]

I do not think that cryptocurrencies should be managed or tracked by someone. The idea is the decentralization and independence of each coin. If this is changed, the whole meaning will be lost.

[warkop121]

First of all, we are not people who can make rules for cryptocurrency apart from government.
Digital currencies like with banknotes though they differ in features and processes in use, both have the same usage. Crypto and fiat have value and they are currency. When we talk about currencies, we also talk about how the economy flows. as it is indispensable to enhance security and a definite guarantee against digital money. although we are spoiled with security and guarantees from the government or from the banks concerned, it's good to always be aware of potential abuse of digital currency, it is considered important for the good of individuals and groups.

[Valzzz005]

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?

It is additionally valuable to all if computerized cash be directed uniquely in this millenial age, that individuals are subject to PC framework, general it gives comfort to us, since it's simply an issue of PC contact and exchanges done, no compelling reason to movement or drive to do such exchanges, however ideally the framework won't be mishandled by criminal personalities too.

[Fear]

Probably one of the main reasons of centralisation of economic system and regulation of the money is an attempt to take everything under control and to know all the things about transferring money.

[milandres0207]

Well, we need to regulate the digital money because this is important to make it smooth in their flow. What makes this things important is that it will prevent the unnecessary things to happen in using the crypto currency.

[kemonojim]

First of all, we are not people who can make rules for cryptocurrency apart from government.
Digital currencies like with banknotes though they differ in features and processes in use, both have the same usage. Crypto and fiat have value and they are currency. When we talk about currencies, we also talk about how the economy flows. The government enacted the law in digital currency because it could be a source of crime.

[dilemamis]

First of all, we can be the person who makes the rules for cryptocurrency apart from the government.
Digital currencies like banknotes other than those in features and processes in use, both have the same usage. Crypto and fiat have Value and they are currency.

[cece009]

Rule is absolutely necessary to build trust for people so that Crypto currency is trustworthy and Rules are made to maintain public order and with the inclusion of digital currency it is necessary to have regulations so that it can not be used illegally.

[John Williamss]

Cryptomarket growing bigger than last years and market cap already reach above $200 billions dollars and that's 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. Regulation still needed in cryptocurrency.