Why do we need to regulate digital money

[Marcel555]

Cryptocurrency regulation would definitely put a stop or reduce to an extent the nefarious and illegal use of digital currencies. It is highly unlikely that cryptocurrency would be regulated anytime soon though.

[anilsaini.jaipur]

The first and primary reason for digital money to be regulated is to stop its illegal uses such as terror funding, money laundering, etc. Governments will not allow crypto to go mainstream till the time they are regulated.

[sicnarfwb]

Its better to regulate the digital currency for the protection of people who uses it. Its important to a country to have control of this cryptocurrency for the better economy who battling with their fiat money and decentralized digital currency. Maybe  for now uncontrollable but someday it can be legalized in the state of law and regulation of the country which maybe taxed by the government.

[Ethan Argu]

It has huge responsible to the community to help millions of people around the world. Since we are in digital era we need to go to the flow of business. Yes we all know that theres a bad side using digital money that they can use it in bad habits like terrorism, money laundering , pornography etc. But if we make a rules and secure the protection of the community and always monitor every transaction i think it will make grow for everyone and continue innovating the digital currency for the better life.

[Baksobakar]

Of course, digital currencies like bitcoin and altcoin require regulations, other than because of anonymous, fluctuations in the price make crypto currency does not work by name. Currency needs a fixed and stable value. So it can be used to assess an object. The current case of crypto currency is a commodity, and not as a currency.

I think when we talk about currencies, we also talk about how the economy flows. The government enforces laws in digital currency because it can be a source of crime. If the government will not regulate cryptocurrency, it can become a tool someday to fight and will produce conflict in our society.
First of all, we are not people who can make regulations for cryptocurrency other than the government.
Digital currencies are like banknotes even though they differ in features and processes in using, both have the same usage. Crypto and fiat have value and they are currencies.

[sambel90129]

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.

digital currency is indeed a very popular choice for criminals to store or transact in illegal trade, but to manage cryptocurrency currencies it is very difficult for all user countries and those who have not used it to cooperate in detecting the movement of money, especially the potential of interstate criminals to watch out for In the future, a combination of developed countries can manage the digital currency. Hopefully .

[Angna27]

Some say its good to regulate crypto currency but some say it nned not since bitcoin is decentralized and to avoid getting used by and produce harmful effect to anyone like money laudering and the like...we al hope and expect that it would be all for the good of everyone whether its regulated or not.. we hope for the best and in due time we will see it.

[Exclusives]

If Cryptocurrency has been tracked, then the main Cryptocurrency destination will change.
The community creates Cryptocurrency, to make the currency easy to use by anyone and at any time without any intermediaries between one person and another.
If Cryptocurrency, has an institution that oversees every trade, who will pay them? and that will change the main purpose of the Community to make Cryptocurrency.

[Joannafarrell]

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.

[jademaxsuy]

Well you have the idea there because cryptocurrency is realize in a way of anonymity and in the contrary they implemented blockchain technology. After all blockchain technology is not enough to make the system worth it to be accepted by the government that is why the ETF which being discussed in the USA congress was being denied. However we really need to have a regulation in terms of securing our investments to where our money will be put up especially on those ICO projects that collect contributions.

[Ursuladaughter]

The adjustment of digital money helps the market become more stable. Many investors will have the calculations for buying or selling Bitcoin or Altcoin.

[dtpman]

many advantage and change the world and give more benefit.

[yakust]

Paper money got involved in more crime. Regulation just doesn't works.

[megalith07]

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 digital cash framework does not require us to do that game plan is finished by the system framework which is monitored by all cryptocurrency any value development BTC likewise indicates value variances that all caused by the market transaction itself it can not change that can happen in light of the fact that merchants theory.

[melch100]

Well you have the idea there because cryptocurrency is realize in a way of anonymity and in the contrary they implemented blockchain technology. After all blockchain technology is not enough to make the system worth it to be accepted by the government that is why the ETF which being discussed in the USA congress was being denied. However we really need to have a regulation in terms of securing our investments to where our money will be put up especially on those ICO projects that collect contributions.

Yes, because all of us have different understanding about digital currencies and those who are have positions are not in favor as of now, but let's see in the future if they will finally reconsider it.

[walemil]

I have always been of the opinion that cryptocurrency regulation should be limited to the exchanges only but I doubt if that can be forever owing to the fact that the financial crimes associated with cryptocurrencies are on the rise by each day. People are beginning to lose trust even in ICOs.

[jademaxsuy]

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.

Yeah we need some assurance that our money will be safe everytime we invest or if it is being used to realize the project that we invested and will not go to the pocket of the CEO and team doing ICO projects. Aside from that government could watch over the market price movement so that it will not manipulated if there are manipulations and the government could identify people who are getting involve in cryptocurrency for national security.

[Oleg345678]

Yes you are right. Governments believe that they must control absolutely everything. They want to receive tax from the crypto currency and control that everyone pay this tax, and not just a part of the people. Therefore, they want to introduce regulation. I'm not sure that this will be 100%

[Cidpollendina]

There is a possibility that digital money is used for illegal activities. For this reason, the government has actively prevented the use of digital money for the purpose of money laundering. 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.

[hilariousetc]

Whether I hear the word 'regulate' I hear this:

Sixteen in the clip and one in the hole
Nate Dogg is about to make some bodies turn cold
Now they droppin and yellin
It's a tad bit late
Nate Dogg and Warren G. had to regulate

https://www.youtube.com/watch?v=1plPyJdXKIY

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.

How does regulation mean that bitcoin will last forever? Nothing lasts forever including bitcoin, but bitcoin seems to have been doing ok without any regulation for the first few years of its existence and would continue to function without any.