Why do we need to regulate digital money

[Rozita]

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

Yes, regulations will bring many new investors. But if they are very strict, it will cause many people leave the market too. Till no, every news about regulations has caused prices to fall. But generally, I agree that we need regulations. 

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[cetald]

Any regulation presupposes certain rules, and this means - order. Otherwise there will be complete chaos. In addition, governments can not allow anything to not be regulated.

[swaggerkeme]

There are likely to be some regulations in the near future, but implementing tracking system can adversely affect the decentralization basis of blockchain technology.

[swaggerkeme]

There are likely to be some regulations in the near future, but implementing tracking system can adversely affect the decentralization basis of blockchain technology.

[yorannic]

you need the right regulation, but it should not be in the usual way to be implemented by banks, it should be a new mechanism, transparent and decentralized as a crypto currency, then it will help people, but if banks take possession of the power over crypto-currencies it will be utopian.

[Rozita]

you need the right regulation, but it should not be in the usual way to be implemented by banks, it should be a new mechanism, transparent and decentralized as a crypto currency, then it will help people, but if banks take possession of the power over crypto-currencies it will be utopian.

Bitcoin will be always independent from banks. Banks cannot control it. They might create a new cryptocurrency which is controlled by them. But that's not cryptocurrency.

[Perkovic]

I believe that we should not track every transaction, it is absurd and contradicts the original concept of bitcoin

[vevgenij0500]

I think that regulation is needed for the hold and generally for the storage of its assets, regardless of whether it occurs in the bank or not.

[kamoto]

It is not necessary to do this. Moreover, this is an almost impossible process. Progress can not be stopped, only slow down a little. The government will say that regulation is needed so that digital money is not used for non-legal businesses. However, let's be honest, as if now this is not happening? The benefits of decentralization will be much greater than from harm.

[Elerntta]

Yes, the cryptocurrency may well be regulated, but only in some matters and not for the benefit of officials, as they want to do...

[_crypto_moon_]

Crypto currency can not be regulated, so I think that this will never happen. I believe that in the future people will become more intelligent and stop falling for tricks to scammers. Therefore, regulation is not required.

[TahuDiniHari]

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.

I agree, it's like an alarm for ourselves. because the development of crypto continues to advance. caution must be the main thing.

[bitvelk]

This may make sense, but it contradicts the very idea of cryptocurrency. It is conceived as a decentralized currency.

[kenmobility]

talking about regulation of crypto, this is very great and a welcome development as it is going to curb many laundering going on using crypto, but my question is who is supposed to do this regulation?

[atorle]

Ideally , regulating cryptocurrency was not a desirable thing, now it seem for the industry to grow and achieve mass adoption by all, some sort of quasi regulation need to be in place, it is a trad-off for some benefits.

[atorle]

We need to regulate digital currency cause it's fairly new and it still needs some rules to hold it in place. Its for the better of the public and the society. This also means that the government is ready to accept digital currency. Making regulations is just there for digital currency to fit in the society and in the norm.Regulating the digital currency to its core would not be the best option.
What i meant here is that regulating how its formed, how much needs to be made, in what order, and location specific and the pricing. Not everything needs to be controlled and checked. What certainly can be tweeked in the existantial system is the way to track a transaction, may be only if needed though.

Yes, unless there are some form of regulation, it may never become a true market place as we do stocks, bonds or precious metal. Only regulation may make this an emerging market

[renz0]

For me, we need to regulate digital currencies, especially bitcoin to fully make use of it as payment in online transactions. And so that, bitcoin and other cryptos will exist forever. Although it opposes its idea being a decentralized cryptocurrency, I believe we need to do this in order that bitcoin and other cryptos survive for long in the crypto or real world.

[globalpain]

with the regulation from the government to make digital currency acceptable in a country, indeed many countries are worried that digital
currencies are used for crimes such as money laundering or illegal transactions, indeed to be accepted in a country there is a need for regulation

[raging-creeper]

No we do not need to regulate digital money.  I will take my chances with the hackers and criminals.  They at least have some standards.  Letting the government regulate us is a sure way that we all get screwed over. 

[hardtargetbtc002018]

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?

For me i believe the government will take part in regulating cryptocurrency investment and this is a great help many people if the government can help review and control market fluctuation that are possibly influence by some rich investors.