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Author Topic: Why do we need to regulate digital money  (Read 4864 times)
Siti Nurbaya
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September 28, 2018, 03:19:48 AM
 #821

I think digital money can also be arranged, now digital money transactions can be tracked and in the end many pay attention to trade in fraud.
Many feel deceived by throwing away dead coins. This is the risk of buying coins dead and not functioning. So if there are those who sell coins dead then their ownership can be tracked, so they can control it. Manage digital money to help reduce fraud.
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Joriecoinbit
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September 28, 2018, 03:41:06 AM
 #822

i think regulation is veryimportant in a country because we can see that many government that dont agree with bitcoin, and i think the solution is make a regulation for bitcoin and crytpcurrencies, so with this statement i think we can see that bitcoin is legal in that coutnry again
absolutely there must be regulation, there are so many countries that disagree with bitcoin for fear of being used for crime and money laundering ... there must be rules for crypto so that the country can legalize

Digital currency is decentralized, the Government can't control it. The reason why the Govenrment set a regulation to digital currency is to ensure that digital currency transactions will not be used for money laundering, terrorist financing, and other illegal purposes.
cahbagus555
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September 28, 2018, 04:28:07 AM
 #823

Regulating cryptocurrency is the main focus of the governments in order to stabilize the prices of coins on the market and also check the persons behind the transactions. Regulating cryptocurrency will allow the governments to accept cryptocurrency and announce it legal in most countries. This will cause more potential investors to join crypto yet crypto cannot be much lucrative as it uses to be due to the price stability that might follow the regulation.

Indeed, regulation from government will make bussiness more exciting and more profitable. If crypto adoption begin, every bussiness aspect must be want to use cryptocurrency because its saving a lot cost and people get security on their assets
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September 28, 2018, 05:35:20 AM
 #824

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?

To me it makes sense to control the exchange and trading. The existence of such a control will help us to protect ourselves from the speculation at the market. As for the privacy of the transactions, I would like to keep them private without being tracked.

Kasliono
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September 28, 2018, 05:39:10 AM
 #825

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?
It is a tricky issue, they wanna do a regulation thing to control the bitcoin, but we already know that bitcoin is a system which is decentralized, also when some people using bitcoin for a criminal things, it was not the bitcoin fault, it does not make any sense when people do criminal things and blame another things. So, it depends on the people who use the currency, No matter what kind of currency they use.
Bobtong
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September 28, 2018, 06:35:54 AM
 #826

I think regulating is a very good IDEA, just like democracy, but implementation will probably be not so nice
Imo governments will legalise and regulate crypto only if they benefit from regulations the most
Panasony
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September 28, 2018, 07:20:27 AM
 #827

Industrial Revolution 4.0 is known as the Internet of Things, which means that all human activities are linked to the internet. The trading, trading, and trading will occur primarily on the net; There should be a suitable payment method, and digital money will be created to meet the needs of e-commerce transactions. There is a high possibility that Bitcoin prices will increase or decrease in the future. Beneficial for investors but besides Anonymity provided by Blockchain and the transaction process help criminals hideaway without leaving a trace. There are also fraudulent uses of Bitcoins and other cryptos to raise funds for terrorism, buying banned and sensitive financial technologies and activities.
deus030518
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September 28, 2018, 07:43:51 AM
 #828

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?

For me we need to regulate the crypto because if we have done something to it we can have something to hold back and if we introduce it to other people they will believe on you and they will not think twice cause it is regulated already. But if it is not yet regulated we will have difficulty to introduce to other cause they will not believe on you.
laylava.sted
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September 28, 2018, 08:24:36 AM
 #829

I think, why we need regulate digital money because after nearly a decade since its invention, Blockchain has not yet reached to its full potential. Billions of dollars of investments are made every day, but none of the great potentials come to reality, despite only serving bitcoin for its payment system and allows illegal payments to occur in the Dark Web and also because of many anonymous we need regulate digital money. Other than that why we need regulate digital money because it can create demand in Bitcoin as a digital currency.
stigmacryptonight
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September 28, 2018, 09:04:16 AM
 #830

I will always be from the viewpoint which cryptocurrency legislation ought to be limited by the actual trades just, however, I question in the event that that may be permanent because of the truth that the actual monetary offences related to cryptocurrencies tend to be increasing through every day. Individuals are starting to shed believe in actually within ICOs.
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September 28, 2018, 09:16:42 AM
 #831

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.

We can say that the regulations are to be implemented to make everything more organized. Rules are for everyone to follow to have a better environment. But then even in the real world regulations amd rules are there but still in chaos. We cannot really say that with such rules and regulations everything will be in order. It is still on how the people think.

Stavr1992
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September 28, 2018, 09:58:26 AM
 #832

This is necessary in order to regulate prices on the crypto market. Because if there is a plus or a minus for example 300% per day, then people will have chaos and panic
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