Why do we need to regulate digital money

[TIDOVEE]

Well, if digital money be regulated, it won't be a bad idea as it may help control inflation and for the sake of taxes.
I guess that's what is around bitcoin for now. Presently some government have issues with the high price of bitcoin because they feel its fraudulent and their control measure is to stop it.

[Natalie656Rogers]

Who will regulate digital money? There are too many illegal things that Bitcoin users use for malicious purposes.

[biksa]

When cryptocurrency is started to regulate, it will become even more popular, because investors will be confident that they will not lose their money, because the rate will hold and capitalization will increase many times, there will be more movements on the market.

[Tapyaks72]

we don't need to regulate cryptocurrencies 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 they are regulating and how. 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.

Perhaps the exchangers will become the place to do the money laundering? I mean still depends on the what kind of regulation they will impose on the exchangers. If it just tracks the transactions happening at the exchanger then it wont be much useful as our addresses still remain the anonymous. There are services like bitcoin mixers where we can get the anonymous characters unfolded and no will know we were the one who did that transaction. Correct me if I a wrong with this ? There Will always be different ways of making the whole transaction anonymous and thus keep it untraceable. This is as long as we do not transact in the bank accounts. However the later is still the same case as if today.

As we engage in crypto currency we also realize that this is a anonymous in nature the transaction is in your own  risk, the only  law that  regulate crypto currency is trust  make crypto currency proliferate because of trustworthiness people will invest.

[alexlee4694]

we don't need to regulate cryptocurrencies but regulations can be also helpful with the adoption and growth of them.Bitcoin is totally decentralized. It's move according to demand and supply. But I think it should regulate. It can use for illegal activities.

[pedagang2]

maybe parties from crypto for the future also think about it.
if this is not followed up, then forever crypto can be used for crime.

[yousuf5]

Digital currency is like with paper money though they are different in features and process in using, both of them have the same usage. Crypto and fiat have value and they are currency.Regulations in Bitcoin can create demand in Bitcoin as a digital currency Bitcoin has gained fame in international transaction.It is also a virtual currency that can be exchanged for fiat currency. It is an acceptable form of payment to purchase goods and services.

[pakhitheboss]

I personally do not thin regulation will be a help. If I talk about regulation then evey national currency is regulated still people have find ways to use it fot illegal purpose.
Stock markets are regulated but still there is manipulation, fraud and other illegal activities are happening.

What regulation for me means Big people in power find a way to control it.

Regulation will not help. But with regulation new investores will not have fear in investing in cryptos.

[Kimskie12]

For me i agree that we should regulate but we cannot do that only the government can.

[ZazaG7]

we don't have to direct digital forms of money however controls can be likewise useful with the selection and development of them or they can be prohibitive and even keep the appropriation inside and out. at last it will come down to what they are directing and how. for instance in the event that it is direction of trades and in the event that it prompts a more secure place where individuals can exchange with less hazard that would be something worth being thankful for.

[megatrix]

I totally agree that digital money or crypto currency should be regulated because it it the way for people  to be guided on how to use it properly. This is a great technology that has brough a lot ot positive changes to our lives but then again it can also do so much damage or bad things if used incorrectly or if it's abused.

[Rustandy]

The possibility of digital money is used for illegal activities. For this reason, his party has actively prevented the use of digital money for the purpose of money laundering and terrorism financing. However, arrangements are still needed for the entity and more for activities, such as who does what, where they get a license and are supervised.

[zarintasnim]

Bitcoin is very popular currency all over the world. Regulate of cryptocurrency is good.Its prevent lot of damage of cryptocurrency. Regulation has prevent wrong use it. Regulation also give guideline how to use cryptocurrency.

[letzdodiz]

Well the legislature as the managing body have the duty of controlling all the money related exercises that stream inside they domain and bitcoin is a piece of that budgetary foundation, directing bitcoin will limit the level of misfortune in the framework and furthermore help to diminish the hazard financial specialists confront while putting resources into bitcoin.

[lolehiM92]

In order to have a modern digital currency that is suitable for human needs, we need to produce more profitable digital coins as well as satisfy a number of needs. Basic of the investor

[Kennedy]

People love bitcoin because it’s anonymous and not regulated. It’s true that they are some people who use it for money laundering, or financing the crime. I really like btc but i don’t support when people use it to finance the crime. But i’m not sure if the regulations can help to prevent these.

[ETHtotheMOON1]

Bitcoin is very popular currency all over the world. Regulate of cryptocurrency is good.Its prevent lot of damage of cryptocurrency. Regulation has prevent wrong use it. Regulation also give guideline how to use cryptocurrency.

regulation might do some good to crypto, but the best option would be decentralized self regulatory bodies created directly by crypto community, thus the people who understand it

[aLLvaro20]

We all might want our assets to be safe and have a system that is truly protected, regulations must be exist in cryptocurrency because the assets of tokens, wallets and trading that we have need protection because of the many risks from cyber attacks, it is necessary to make high standardization so that the level of security in the crypto world must also be increased.
Applications such as KYC (Know Your Customer) and AML (Anti Money Laundring) will help overcome criminal acts using crypto. but there needs to be a lot of review even though in the crypto world nothing can be hidden, all transactions are recorded in the ledger, and will make it easier to track the source of the transaction. rules or regulations for crypto that bring legitimacy or legal quality based on the acceptance of decisions in court need interference from the government which makes it safer than cyber criminals..

[Addywealth]

One of the cogent reasons digital must should be regulated is for security and transparency. This will reduce the level of how deviant people use it for terrorism and crime and it will boost the adoption and confidence of this currency in the world

[rfj]

How do we reguate bitcoin and other digital money? Bitcoin  is independent of governments and banks and uses blockchain technology, where encrypted digital coins are created by supercomputers. The virtual currency is not regulated by any central bank but is instead overseen by a community of users who try to guard against counterfeiting.