Why do we need to regulate digital money

[hotBriX001]

the reason why bitcoin and 0ther digital currency is need to be regulated is to prevent the inflation and deflation in a country because the anonymousity government and other people can't see the economy transaction and anything else, so maybe bitcoin and other cryptocurrencies need to be regulated soon

Agree. Because decentralized currency is anonymous and nobody can controlled it if it is not be regulated. By means of regulating digital currency every transaction will be made transparent and can be easily controlled by the government if taxes will be establish to further helps improve such countries economics.

[rindayle]

I think that everyone need to adjust in order to further prevent runaway processes. This is clearly seen against the background of the cryptocurrency when it took off and had a very good value, and now gave a very strong drawdown. It follows that everywhere you need control and competent management.

[amaterasysky]

I think that everyone need to adjust in order to further prevent runaway processes. This is clearly seen against the background of the cryptocurrency when it took off and had a very good value, and now gave a very strong drawdown. It follows that everywhere you need control and competent management.

What kind of control can be done if the underlying assets of the cryptocurrency are in the hands of developers or whales. This greatly undermines the initial trust in the cryptocurrency as a whole. I like the idea of cryptocurrency, but its regulation will be very questionable, because initially the crypt was conceived as an unregulated asset, and now for its further development, it is necessary to make regulation that undermines the foundations of crypto-currencies and blockchain.

[topsyze]

Government regulations will change the course through which blockchain was established.it alters the paradigm shift.

[teamspike911]

Yes, we should not do this. This is the essence of decentralization. What profit will there be then if it is not a crypto currency but the usual digital centralized money like the dollar?

[yatsey87]

For the same reason we need regulations for everything else. People often see 'regulation' as a dirty word but is it bad that we have things like building regulations and money laundering regulations? No. They're put in place to stop people cutting corners and abusing the system and to profit from crime etc as well as keep people safe. Regulations are going to come into the cryptoworld whether we like it or not and if we want bitcoin to go mainstream then it's something that is going to happen sooner or later anyway so we might as well embrace it than try oppose it because that's not going to be something we have any power over anyway.

[alonelyorange]

Its hard to control and giving regulation for cryptocurrency, how to manage of bitcoin price, some time bitcoin at higher price and some time bitcoin have drop to lower price. just people have great soul can invest and joined cryptocurrency as investment.

[PhuongVo2702]

Because if the government can't control it will make your country face with terrorism, money laundering,... and all of us don't want it caused

[zheniasom]

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. 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. When we talk about the currency, we also talk about how the economy flows. Government imposed a law in digital currency because it can be a source of crimes. If the government will not regulate cryptocurrency, it can be a tool someday to make a war and will result to a conflict in our society!!!

[ribowo76]

I believe, with the right rules. Bitcoin will actually eliminate, or at least reduce crime. Examples of money laundering, extortion and so on

Do you think btc will? Smart contracts look better for that case, do they?

Whatever the conditions, I personally have faith. That bitcoin still needs regulations to avoid abuse 

[remuy24]

digital money doesn't need to be regulated, because crypto stands alone and Cryptocurrency uses decentralized control, decentralized control of each cryptocurrency works via blockchain, which is a public transaction database, work as a ledger is distributed.

[gaurav82]

I read in my school that need is the mother of innovation. Today the whole world and market is changing. Online is everywhere. So there is need of digital money which we can use for online transfer in worldwide.

[Rj Manik]

An offense is obviously exactly why we need to inflict that. Tiny purchases wouldn't normally be used significantly simply by our own authorities in any way thus we all need not forget regarding rules because they're right after greater purchases. Yet I am hoping in which tiny purchases can easily be allowed to become private.

[ravshang71]

On the one hand, if the digital currency begins to be controlled, then there will be a contradiction of the whole system, since the concept of anonymity is questioned. On the other hand, the lack of regulation of the crypto currency is becoming a good means of manipulation. So this question is controversial.

[martinholly167]

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?

even though now we live in the digital era, that anything can be easier and more efficient, also being able to use some features like anonymous, still we need to have a supervisor to avoid undesirable things

[Antonina]

probably then that there was no crime in the country because of this money, and did not go beyond the scope of the law

[guybrushthreepwood]

Governments are going to regulate cryptocurrency because regulate is what they do. What else do we actually use them for if not for trying to keep some basic order and for criminals over-running the place? We certainly don't 'need' to regulate bitcoin, but that's what's going to happen. Bitcoin functions just fine 'unregulated' and without state intervention, but bitcoin is also a tool that criminals and others can use to conduct their illegitimate business, so that is going to be of interest to governmental bodies. They're not going to let both users and criminals use bitcoin as a tool to evade taxes and other such business and that's why they'll introduce regulations; both to protect people but also to get their taxes which they need to function (but the legitimacy and fairness of taxes is another debate all together).

On the one hand, if the digital currency begins to be controlled, then there will be a contradiction of the whole system, since the concept of anonymity is questioned. On the other hand, the lack of regulation of the crypto currency is becoming a good means of manipulation. So this question is controversial.

Bitcoin (or crypto) is only as anonymous as you want it to be. If you want to be anonymous and exist as a financial ghost outside of the mainstream then you can do so if you choose to be. Obviously you can't use regulated exchanges but you can still deal with bitcoin face to face and with cash if you want and that's something people can still do with or without regulations, it just requires a bit more planning and care.

[classictee]

If digital money is regulated it will be very good and even government will be rest assured that the criminal way of using it will be reduced. But digital money is a decentralized blockchain which mean no one can control it. The rules can only be made on the exchange to monitor huge incoming and huge outgoing fund

[Rosa Paula]

the main advantage of an electronic digital crypto rules will be which our funds will be secure and safe, thus if you have virtually any damage or perhaps robbery we could record that for the law enforcement officials, and also this is exactly what I do believe is vital legitimate assures for the electronic digital funds we all utilize.

[thuthanh]

I think there are so many different types of money and every single currency has a different rule and way of operating. Therefore the movement of the digital currency.