Why do we need to regulate digital money

[Juan Perez2]

We need to regulate it so the coins can be accepted everywhere and they don't take part in any illicit transactions.

[Ayiranorea]

We are live in modern life. For this reason, we generally use different digital money. But we should be careful about that by digital money, a lot of crime is happening. For our better life, we need to regulate it.

It is a responsibility of each and every government to keep its citizens on the safer side and give them the maximum security on their earnings. But, none of the government try to regulate considering it to be the major concern. All that they need is the control over it, because this will support country's earning as more and more people had begun to invest as well get into cryptocurrency related activities.

[kwusu]

If digital currency like bitcoin is not regulated it could be used wrongfully. People have the tendency to use it to acquire ammunitions and other illicit drugs which is prohibited in the various countries.

[Mariela]

We need to regulate because it is for the sake of everyone's who uses and holders of digital currency.
If this could be regulated I think it is going to be easy to use.

[Catch-22]

Because it is the right thing to do. It’s that simple. Lack of regulations discourages a lot of people from investing in bitcoin. People need assurance and protection. Bitcoin will not become mainstream without government regulations.

[stellaekun]

Honestly we do not, I only advocate that some quasi measure be put in place to ensure that people are not abusing the liberty it offers.

[HonourB]

We need to regulate digital currency so it will continue to grow and to help holders make more profit in years to come

[Ankhang2016]

Bitcoin will replace other currencies because it has many advantages

[iotarocket]

We need regulations to protect ordinary investors from fraud and to ensure governments can get their cut to cover social expenses. While it sounds nice to have no regulations in theory, we have seen way too many fraudulent ICOs for the government to just let these people continue unabated.

[doroshok1]

We don't need total control. We need certain rules. Rules that will help make cryptocurrency better, safer. Rules to help people accept and trust cryptocurrency. But not control.

[Michael_Cox]

It is very important that cryptocurrency is regulated. In my perception,  we need to regulate digital money to minimize some Illegal actions, since Its a decentralized and anonymous. And this Is a major factor which make digital money to Increase and create a mass adoption. If bitcoin was monitored and regulated better, then the currency and value would go up and we would have more people investing because they would feel protected and theremore willing to invest their money in this commodity.

[Sagima]

It depends upon your defination of regulation. If you want the banks and corporations to control it, then i am sorry it shouldn't be regulated. These banks and corporations have ruined the lives of countless people. They want to exploit this field as well and trick the people.

[Zhess Miller]

 Governments should not control the money supply.
 Legal monopolies are bad for society because they result in a lack of market competition. The legal monopoly on the money supply is especially troublesome because money is one of the most important pieces of technology on earth.
 Digital currencies like bitcoin are a very necessary step forward in order to create a system of competitive money. One of the most beautiful things about bitcoin is that you are not required to use it. If you use bitcoin it is because you find a unique value or utility with bitcoin. There will be many more like it to come that people and communities will adopt because they provide a unique utility.
 In short, the people should control the money supply.

[Filthy1]

Regulation is required so that ICO's cant raise funds then exit with your money so coins and there devs cant dump and exit scam but also too stop war criminals and crime syndicates from cleaning and laundering money. In saying this Privacy orientated coins with stealth addresses and such also help criminals i do believe it is a huge task to monitor and control and form stability.

[Boknoyz]

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.

[Fourgh]

We need to regulate the number of ICO's being proposed by companies and provide much more stricter rules to avoid users from losing most of their money on scams and frauds. With whats happening in the market now, it is good if this elements be regulated and controllesld accordingly.

[Adamblock]

It's indeed good to regulate the cyrptomarket, especially if we look at institutional companies and investors! But on the other hand, many people invested in this cryptospace, because they believe in anonymity and this will make it more centralized in another way, so the paradigm is interesting.

If we look at the many SCAMS and vague projects, I think that this would be great in order to avoid scam projects!

[Jennifer Daviess]

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 day bitcoin is being used for many international transactions as well.

[Michael Thomass]

Of course, 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.

[Saveplus]

Regulating digital currency was a good idea,to avoid scams and hackers who want to steal our money.If digital currency was regulated many people and country will adopt it and accept it especially in payings our bills,and other utility bills that we need to settle usinh this currency.We can used it easier and comfortable in our daily living.