Why do we need to regulate digital money

[rubynails]

Digital currencies including cryptocurrencies such as Bitcoin, Ethereum, and Ripple, these can pose numerous security challenges for governments.

[masterflexy01]

they could poss threat to securities and also cause money laundering.  Scammers can also be traced with policies, and procedures which could bring a wider acceptance of the cryptocurrencies.

[IKR]

for sure

[masterflexy01]

they could poss threat to securities and also cause money laundering.  Scammers can also be traced with policies, and procedures which could bring a wider acceptance of the cryptocurrencies.

[demonz666]

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?

I think that a good idea of digital currency regulation also needs to be regulated so that it is not used for illegal activities. most countries and governments reject cryptocurreny because they think the anonymous nature of cryptocurrency is very easy to use as an illegal transaction tool. the development of cryptocurrency values and prices cannot be controlled by anyone, but if the movement and sales I think can be regulated.

[dimbaba]

Digital currency is necessary to regulate in all over the world because it prevent the misuse of the currency. If you insist that digital currencies shouldn't be regulated, then we have a problem at hand. Many governments will find it harder to permit its free flow.

[Leyss]

Regulation of the crypto currency is necessary for both states and users of crypto-currencies. On the one hand, the state can not long ignore the circulation in the country of foreign money of very high cost, high degree of anonymity and volatility. On the other hand, crypto currency users need certainty in the status of the crypto currency, clear conditions for its circulation inside the country and legal protection of the state with respect to the right to crypto currency. All these circumstances, and above all of a legal nature, require a certain regulation of the country's crypto currency.

[AliceSusana88]

There should be a common rule for the cryptocurrency, to ensure equality for all people, businesses, and governments of all nations. Governments can control the cryptocurrency, but control must follow global rules.

[BrianDCampbell343]

I think digital money should play a role as a reserve currency, it is considered as a property, the traditional currency system is still stable, digital money only contributes to the economy. The global economy is becoming more diversified

[pinoyden]

some says that if cryptos are regulated , it will now become stable and many people like crypto to become stable because they can now earn a good stable income . aside from stability ,  cryptos can now be charged a tax if it is under the influence of government which is also a good idea , because the tax that collected from cryptos can usually go to the development of a certain country as long as the country accepts crypto and as long as the government is not corupt .

that is only few of the advantages from being regulated .

[Raidal]

I am also more happy if bitcoin is regulated by official parties internationally. This is to anticipate very uncertain price fluctuations. This uncertain and unstable price tends to make crypto currency players very frustrated. Therefore crypto currencies should be regulated internationally. Indeed we will lose anonymous facilities if bitcoin is regulated but this will minimize the crimes committed through bitcoin. When bitcoin is set up so we will be more responsible for transacting using bitcoin.

[acord00]

I disagree if bitcoin is regulated by a party. It will eliminate the characteristics of bitcoin as a crypto currency with a decentralized system. When bitcoin is set, bitcoin makes no difference with fiat currency. Of course bitcoin cannot be used anonymously anymore, bitcoin cannot be controlled by ourselves. Of course this makes me less enthusiastic in transacting using bitcoin because my security is less guaranteed.

[GrayFullbuster]

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?

The reason why the government is creating regulations is because for them to protect their citizens. Cryptocurrencies is too risky investment,  government are aware that many people are losing their money because of cryptocurrency investment.

[DavidDWatkins44]

I think the current time is not the time to adjust digital money, cryptocurrency is still not completely popular and is still in the development stage. Need more time and challenge for cryptocurrency

[DavidGBoydq232]

The cryptocurrency is growing very fast, and with it, a lot of problems arise. Money laundering, tax evasion, illegal arms investment, terrorism, and drugs ... We should have strict and clear regulations from governments, ensuring equality for all.

[MrPresidentIM]

I don't really get it why we are afraid of digital currency regulation? I mean, if you are not engaged in any criminal activities, why would you want to prevent digital currency regulation, anyway? I'll give you more security and better trust by people, which will eventually promote it's growth and power, IMHO.

[Zabzab9]

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?

Yes indeed, it is very important to regulate crypto currency inside the internet where lots of people lives. Since majority of all the people in the world are capable of accessing the internet. It is very risky for everyone to commit the money.

However, I don't think that Bitcoin and digital currency will be regulated as a whole  because internet is a wide field of possibilities. Thus, it is only possible for a certain country to be regulated if the government does.

[Nilda]

Because something that isn’t regulated by government will never become mainstream. A lot of prospective investors are turned off by the fact that they have no protection. Government regulations will be the single biggest recruiting tool for cryptocurrency.

[Raffamichaels]

digital currency need to regulate in a country to make legalize by a government because cryto is a decentralize.

[Shimmiry]

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.

At the same time, if regulating bitcoin will make thw government feel okay then so be it. But the government can not control bitcoin that is for sure. Bitcoin will run with its unique system. If it will be the currency of the world it probably needs regulations such as tax because tax is where the government get funds. Regulations have negative and positive but lets focus on the positive effect.