Why do we need to regulate digital money

[pendekar cinta]

Because digital money can be used as a means to make various negative transactions so that with these factors the government must really make policies on digital currencies in order to anticipate bad problems later.

[shouldbelieve]

that's all i need in order to prevent from crime in our world. Digital money need to regulate and not allow to used for crime

[conanshinichi]

Who will regulate if not Human beings in a position of centralized power? Digital currencies are meant to bypass the state meddling in the economy.

[BTCFLOW07]

we don't have to manage cryptographic forms of money yet directions can be additionally useful with the reception and development of them or they can be prohibitive and even keep the appropriation by and large. at last it will come down to what they are controlling and how. for instance on the off chance that it is control of trades and on the off chance that it prompts a more secure place where individuals can exchange with less hazard that would be something worth being thankful for. furthermore, First of all, we are not the person who can influence direction to digital currency aside to from government.

Computerized cash resembles with paper cash however they are distinctive in highlights and process in utilizing, them two have a similar use. Crypto and fiat have esteem and they are cash. When we discuss the money, we likewise discuss how the economy streams. Government forced a law in computerized money since it very well may be a wellspring of wrongdoings. In the event that the administration won't manage digital money, it tends to be an apparatus some time or another to make a war and will result to a contention in our general public.

[carrieM]

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

I think so too. I think governments are as much evil as all other criminals are. Not less.

[bbcolex]

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?

 
we need to regulate to eliminate illegal transaction using blockchain specially cryptocurrency , it's anonymousity and  able to transact anywhere , anytime can be taken advantage by people who deal illegal stuff online.

[dimiinx]

not only my paper money that we set but digital money is also important, so it's very true that managing digital money is very useful for today's technology because it can be useful for online transactions

[Moblie_Legend]

Most digital money transactions up to now have been carried out without regulation, especially since bitcoin first launched in 2009, is now starting to pay attention and warn investors of the potential for fraud.

[denzkilim]

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.

Even if Bitcoin or other forms of crypto currencies are regulated it still doesn't give the assurance that your precious coins or tokens are safe but it is not a bad idea to regulate these crypto currencies and it will help authorities to track down some illegal activities happening in the digital world.

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.

I don't think that governments can stop the manipulations of crypto currencies even if they regulate it because Bitcoin is decentralized and it is created without anyone controlling it and it gives freedom for everyone that uses it. But the manipulation of this crypto currency is expected especially to those people or whales that have a huge amount of this currencies.  

[kehed90]

digital / crypto currency arrangements are considered very important to prevent misuse of transactions for certain purposes such as money laundering, illegal activities, even for crimes

[horaceN]

I think the government should regulate cryptocurrency to suit the needs of everyone. Blocking and control do not work too well. Co-operation between the government and the people will help the crypto market grow and stabilize.

[coynedterm]

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?

No doubt that bitcoin is much better option to have as a payment and earnings asset in our life than what the benefit we have with the fiat currency , but still here we need to have better rules and regulations that can regalate digital money fully and can intergate it with the tax system , Because here most of the people are making transaction from country to country without paying tax , but here it is a mendetory rule by the government of the reserve bank of any country that we need to pay tax if we want transfer money form.our country to another country , so to make a rule regarding this will result into cryptocurrency as a legal way of payment  .
And also in cryptocurrency we need to have rules where people can believe in cryptocurrency easily that can make people trust in cryptocurrency like assets and can trade easily Because it is like stock market where lots of fluctuations are going on  and we trade them like cryptocurrency .
And also few people are using Bitcoin like cryptocurrency for the money laundering ( which is fully illegal ) , so if better rules and regulations will be made by the government then it will be more better to stop illegal activities to use cryptocurrency .

[korg1960]

I believe that the regulation of cryptocurrency is necessary. First, to avoid illegal money laundering, as well as the exclusion of criminal activity. Secondly, cryptocurrency is a financial instrument, which, like any currency existing in the world, should be regulated in terms of cryptocurrency issue, cryptocurrency rate, control of trading exchanges, etc.

[Sultanar484]

You cann't regulate digital currencies because most of it are decentralized coins. Digital currencies don't need regulations.

[sotoshihero]

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.

I agree, I am in favor of regualtion because we are spending real fiat money here  converted to digital format. Scams are everywhere , and we should be protected from this con man hiding  in ICO's. Several people are lsong money already. Not just hundreds of thousands of dolalrs but in millions. Fraud shouls be punish, we hope for it.

[anil_saini01]

Since the advent of crypto currencies many things has changed. in its early days it was all speculation and no real use. But now its being used in many ways and accepted as legal means of payment. Also its being used for money laundering and as a means of payment for illegal activities. To curb these the digital money needs to be regulated.

[ExpediteStyle201]

Digital money is some thing which we can see but it is totally a virtual thing and if we are unable to control it then the criminal take the opportunity of this.

[dekcutbusu33]

I think because digital currencies have changed many things for a better future. Regulations are needed to have orders in all these things. Because without regulation any digital currency can make the world chaotic.

[amaterasysky]

Digital money is some thing which we can see but it is totally a virtual thing and if we are unable to control it then the criminal take the opportunity of this.

And in the current version of the banking system, a criminal can't take possession of your property? What's the difference?

[Rustandy]

Digital money (cryptocurrency) is under government regulation. This is inevitable. This is very clear where we need international regulation and proper supervision, also adding that there is a possibility that digital money is used for illicit activities. For this reason, the current government 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.