Why do we need to regulate digital money

[mware]

in our modern world everything that is not regulated seems malicious and untrustworthy to most people. non-regulated crypto is conducive for frauds and scams. legitimation and regulation of cryptocurrencies will open it for a wider circle of potential users and it will be a huge step to the global acceptance.

[denzkilim]

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.

You're right, Just like in my country the usage of Bitcoin is slightly regulated but there are no rules or laws being implemented and it is still not legalized but not illegal to possess or use it but I think in the future they'll pass a law and implement rules and regulations on using Bitcoin or other forms of crypto currencies. The regulation of Bitcoin or other forms of crypto currency will be a great move of any government in the world because this will give assurance to every investor on their respective country that the money that they have invested in crypto currencies are safe and protected by their government and also it gives a relief, peace of mind, and confidence. And if every government or majority of the government in this world will have rules and regulation on Bitcoin or other forms of crypto currencies there is a very high probability that the value of Bitcoin will climb and the crypto currency community will become even stronger.

[ryap12]

I dont think this even has to be ask. It is very obvious that we people involve in cryptocurrency need to regulate it in-order for it not to die. If nobody cares and regulate digital money, then people will discontinue to grow in the crpyto-field.

[Kertmu]

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.

The veritable currency is not so much anonymous, you forgot that everyone on the stock exchange owes to KYC, and this is no longer anonymity.

[jcarlo]

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 needed because cryptocurrency right now become investment for some peoples and some institution, thats why bitcoin price rising on 2017. If we want cryptomarket more attractive for institution investor, government regulation will give good investment climate and make investor more comfort and confident

[Suketlapangan]

in my opinion, bitcoin is very necessary for regulations, so that its users are comfortable, we also need to regulate it ourselves because of the fantastic ups and downs of prices, so that not much is affected by large losses ..

[Ains_sama]

I agree with you. other than anonymous (untracked), Bitcoin also has no fixed value. thus risking delayed deliveries. because values can change. unless the real currency has been replaced on Bitcoin. regulation of identity must exist, so that all transactions can be traced by the sender and the recipient.

[alexs_03]

I think that at such a time this is a good chance to earn good money on the Internet and not very bad amounts. I really like to make money on the Internet, although it is not very easy

[BTC_BTC]

Why do we need to regulate digital money

Because of criminals. This must be regulated!

Will it be easy to do it all?
I agree if it should be done, after all it will throw a negative opinion about bitcoin.

[Patricia Joness]

Crypto economy is inseparable from traditional economy. If it was completely independent, we wouldn’t count the value of crypto coins in dollar equivalent. Fiat money was here for too long and it wouldn’t disappear in one second, giving up position to digital currency. So, at least for some time, these two contradicting systems: old and new, must cooperate to provide people with convenient financial solution. And that is impossible without regulation.

[Jennifer Daviess]

 Decentralized and non-regulated cryptosystem doesn’t seem safe enough. Concentrations exist across currencies, exchanges and pools, which can result in the classic “too big to fail” scenario. Regulation will help to protect users from sudden changes and keep cryptosystem from bursting.

[Liza Soberano]

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 my own opinion, we really don't need to regulate crypto currencies 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 will they regulate and how will they regulate bitcoin or crypto currency. For example, 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 but if the regulation of bitcoin will affect the value of bitcoin and other crypto currency then maybe we should not let bitcoin to be regulated.

[jiryuksan]

Because without regulation of digital money it will always be interpreted as an illegal business, such as money laundering, drug transactions, human trafficking, etc. In this world all must have regulations, because that is a sign to protect against crime, especially business crime. Because there are still countries that prohibit bitcoin as a means of payment, regulation can be a safeguard to prevent illegal activities.

[Anewor]

The real money is regulated or controlled by the government for economic stability. Cryptocurrency however is not controlled by the government but can be regulated. Cryptocurrency is a different system compared to the real money but because we use money to buy cryptocurrency then the two becomes synonymous as cryptocurrency can be converted back and forth. And because of these every digital money should be regulated so as to keep everything in balance most especially if we are talking about a country's economy.

[Sirnero111]

The regulation of digital currency is important in order to mitigate these sorts of risks and prevent abuse that destroys trust in the system

[ClassyDancer]

We do need a few regulations as a means of securing safety and balance. Regulations should ensure that there is balance between interests and protection of bitcoin users, and preserving the benefits and features of the cryptocurrency. And besides, won’t we trust it more once we learn there are laws protecting us?

[Bugsy22]

Of course, we need to regulate digital money because we want the digital currency market to develop and grow, but we can't expect it to grow without trust. So, when digital money is regulated, people will trust it more, they will feel protected and safely join the digital community

[Gummybear67]

The real money is regulated or controlled by the government for economic stability. Cryptocurrency however is not controlled by the government but can be regulated. Cryptocurrency is a different system compared to the real money but because we use money to buy cryptocurrency then the two becomes synonymous as cryptocurrency can be converted back and forth. And because of these every digital money should be regulated so as to keep everything in balance most especially if we are talking about a country's economy.

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?

Since then, regulating Bitcoin is one of the biggest demand of investors. Maybe because we will benefit if that happens, we will have a balanced and legal system and a more open but protected policy. On the other, its fine if Bitcoin will not be regulated since it will still work, but it more better if it does.

[Yelosita]

Because without digital money management can be out of control, the impact is not good for business. For investors there is a feeling of anxiety because the risk of money shrinks because of an unfair exchange rate, because many trades wait and see, so the transaction turnover can be disrupted.

It is feared that big boss crypto money owners will play in determining the value of money. So that small investors become victims of unfair trade data. It's hard to prove, but feels

[Varuj]

Crypto-currencies need to be regulated so that clutter does not reign in the market.After that, the most worthy and high-quality crypto-currencies will remain and the price will not change so dramatically.And there is not any fraud.