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Author Topic: Will regulation kill cryptos?  (Read 829 times)
Joushi (OP)
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April 09, 2018, 10:04:18 AM
 #1

 Regulators want to make sure they protect investors from scams, while at the same time allowing the industry to develop and deploy the new technology in interesting ways. Overregulation could move the action elsewhere, which is what happened in China.

It’s too early to tell who's doing the best job of setting the rules. Nations are taking various tasks.

What do you think?
13abyknight
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April 09, 2018, 10:16:27 AM
 #2

Regulators want to make sure they protect investors from scams, while at the same time allowing the industry to develop and deploy the new technology in interesting ways. Overregulation could move the action elsewhere, which is what happened in China.

It’s too early to tell who's doing the best job of setting the rules. Nations are taking various tasks.

What do you think?

To a substantial level, China and all the countries by imposing regulations on cryptocurrencies are hindering its growth in a huge way. All these attempts have left the crypto market crippled over the last year and it only gets worse as time passes with more counties inclined towards the same stance.
craZyLovE0916
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April 09, 2018, 10:26:03 AM
 #3

Not at all. contruary to popular opinion, regulation will actually do more good than harm to the market, with regulations, we wouldn't have to bother about just a couple of people swaying the entire market in their favor and screwing over everyone else because they happen to have a large amount of coins in their possession. It will help keep the market and traders in check.
Direwolve735
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April 09, 2018, 10:30:42 AM
 #4

I do not think that regulation will kill the crypto currencies. In operations with digital currencies there are many "dark" moments, it is necessary to prevent their use for money laundering and terrorist financing. Therefore, this is an area where international regulation and proper oversight are necessary. I believe that the global regulation of crypto-currency is inevitable. But the regulating authorities should first of all focus not on legal entities, but on individual operations with the crypto currency and the persons who conduct them.
cryptorTUX
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April 09, 2018, 10:33:34 AM
 #5

Regulators want to make sure they protect investors from scams, while at the same time allowing the industry to develop and deploy the new technology in interesting ways. Overregulation could move the action elsewhere, which is what happened in China.

It’s too early to tell who's doing the best job of setting the rules. Nations are taking various tasks.

What do you think?

To my mind regulation will help crypto to explode and go to the next level. Because with regulation in place people will trust it as goverments are giving the green light to this crypto money. So far China has the biggest regulation in place from my knowledge which shows us that they are trying to be ahead of time and ahead of other countries, their regulation is mainly around ICOs as you say regulation by it's own could potentially stop scams but scams will still exist in this field because you have many people that don't understand and know what they are doing and who don't know that refunds are impossible.
idgaf007
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April 09, 2018, 10:34:50 AM
 #6

It will depend but I think generally it will not kill crypto it can produce a bear move because of uncertainty in what is going to happen but in the long term regulations could cause a positive sentiment in the market because it can boost trust in using cryptocurrencies in the future.

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chillitabit
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April 09, 2018, 10:39:08 AM
 #7

Regulators want to make sure they protect investors from scams, while at the same time allowing the industry to develop and deploy the new technology in interesting ways. Overregulation could move the action elsewhere, which is what happened in China.

It’s too early to tell who's doing the best job of setting the rules. Nations are taking various tasks.

What do you think?

actually regulation will do exactly the opposite and will help crypto to reach masses. When people are not sure about the new technology and it's not being regulated, they're scared. Once it will get approved, it will grow so much!
Kotone
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April 09, 2018, 10:44:43 AM
 #8

Regulators want to make sure they protect investors from scams, while at the same time allowing the industry to develop and deploy the new technology in interesting ways. Overregulation could move the action elsewhere, which is what happened in China.

It’s too early to tell who's doing the best job of setting the rules. Nations are taking various tasks.

What do you think?

I actually think otherwise, to me if regulations will push theough then I think that cryptocurrency will be more alive than ever. If you think about it, a lot of the mahor cou tries reason on why they are banning or forbidding bitcoin and the whole of the cryptocurrency market is because they fear that it is uncontrolable and that it might incite ir ifnite some bad consequences. However if regulations can be made then i think they’ll be able to welcome and reconsider it with open arms

davhek
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April 09, 2018, 10:50:22 AM
 #9

Regulators want to make sure they protect investors from scams, while at the same time allowing the industry to develop and deploy the new technology in interesting ways. Overregulation could move the action elsewhere, which is what happened in China.

It’s too early to tell who's doing the best job of setting the rules. Nations are taking various tasks.

What do you think?
Well, we obviously need some regulations as the market is currently being highly manipulated. As for now I don't believe we will see any stronger regulations, but I will definitely welcome some slight ones.

ajqjjj
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April 09, 2018, 10:51:03 AM
 #10

Regulators want to make sure they protect investors from scams, while at the same time allowing the industry to develop and deploy the new technology in interesting ways. Overregulation could move the action elsewhere, which is what happened in China.

It’s too early to tell who's doing the best job of setting the rules. Nations are taking various tasks.

What do you think?
Regulation are create the sudden issues but it is not kill the Cryptocurrency. Actually some countries economic status is not supporting to legalisation of cryptocurrency so they fix the rules in Cryptocurrency. This is good for the peoples so we should appreciate the regulation because it is not a permanent regulation again some changes are possible.

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boboking
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April 09, 2018, 10:55:58 AM
 #11

Regulation will kill crypto? I do not think so. Yes there is a lot of doubt if regulation will eventually kill crypto but i think it will just end shit coins. I hope that they focus first in ico where there is a lot of scammers.
emuLOADs_temp
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April 09, 2018, 11:06:53 AM
 #12

Regulation will go a long way to flushing out those absurd anarco-libertarians who plague the bitcoin echosystem. Sure, regulation will hinder some things here and there--after all there is no such thing as perfect regulation--but if Bitcoin and crypto is to die, it won't be due to regulation but despite it.

Regulation, when done well, is what makes things sustainable.
5hoursaday
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April 09, 2018, 11:09:13 AM
 #13

Maybe not. I mean we are all tired of watching the market go down in prices and value just because one person decides to dump their coins so with regulation that would happen less.
Traidia
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April 09, 2018, 12:01:56 PM
 #14

Regulators want to make sure they protect investors from scams, while at the same time allowing the industry to develop and deploy the new technology in interesting ways. Overregulation could move the action elsewhere, which is what happened in China.

It’s too early to tell who's doing the best job of setting the rules. Nations are taking various tasks.

What do you think?

Regulations will limit the cryptocurrencies and make it harder for them to shine but over all it wont kill them. Certain regulations need to be introduced so we can use cryptocurrencies safely and effectively so in ways, regulations with help them boom. Obviously over-regulating, like in China, will have a negative impact but no enough to stop them from succeeding. It looks like as time goes on, regulations will adapt to allow cryptocurrencies to strive. Governments are making harsh regulations now which are likely to ease up once people learn more about crypto. 
portgas313
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April 09, 2018, 12:26:41 PM
 #15

I do not think that regulation will kill the crypto currencies. In operations with digital currencies there are many "dark" moments, it is necessary to prevent their use for money laundering and terrorist financing. Therefore, this is an area where international regulation and proper oversight are necessary. I believe that the global regulation of crypto-currency is inevitable. But the regulating authorities should first of all focus not on legal entities, but on individual operations with the crypto currency and the persons who conduct them.
I agree with you, there is a regulation to prevent crime, especially money laundering,
I think as long as the regulators are consistent and professional, impartial to anyone, the regulation will not kill crypto.
as we know the crypto currency itself is a frightening specter of the conventional currency, especially the conventional money providers, in this case do not let the regulatory government only partially to one side only, even if any money crypto very helpful transactions in various things especially the problem of speed of time, and not the existence of state or continental boundaries, in conclusion I think good regulation during the run with a professional.
hatshepsut93
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April 09, 2018, 12:31:31 PM
 #16

Regulators want to make sure they protect investors from scams, while at the same time allowing the industry to develop and deploy the new technology in interesting ways. Overregulation could move the action elsewhere, which is what happened in China.

It’s too early to tell who's doing the best job of setting the rules. Nations are taking various tasks.

What do you think?

You can't completely kill all cryptos, even if all governments in the world will ban cryptos, ICO's and tokens, some people will continue being involved, because it's part of the Internet now, and you can't stop the Internet. In my opinion, the interest in blockchain will be declining and people see that there's very few working applications out of thousands of "promising" projects, but this is good for real working coins like Bitcoin, because enthusiasts will return their attention back to them.
micheal wang
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April 09, 2018, 12:47:29 PM
 #17

I think is not, regulation cannot make cryptocurrency die. Cryptocurrency base on internet, with internet we can do anything though government ban cryptocurrency. Like a porn site, in a several country including my country ban all site about porn. But in the fact we can see porn with another way. So, the government ban cryptocurrency it's not mean the user cryptocurrency didn't have to acces site cryptocurrency, the user will find another way to acces cryptocurrency. But the regulation just make price cryptocurrency down, because the user will panic and take safe a money until the price lower they will buy again.
Dheo
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April 09, 2018, 01:00:50 PM
 #18

Regulators want to make sure they protect investors from scams, while at the same time allowing the industry to develop and deploy the new technology in interesting ways. Overregulation could move the action elsewhere, which is what happened in China.

It’s too early to tell who's doing the best job of setting the rules. Nations are taking various tasks.

What do you think?

You can't completely kill all cryptos, even if all governments in the world will ban cryptos, ICO's and tokens, some people will continue being involved, because it's part of the Internet now, and you can't stop the Internet. In my opinion, the interest in blockchain will be declining and people see that there's very few working applications out of thousands of "promising" projects, but this is good for real working coins like Bitcoin, because enthusiasts will return their attention back to them.

Yes I totally agree with you they not completely killed all crypto and i don't think it's possible that all government will ban cryptos because it's very useful to many countries.
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April 09, 2018, 01:20:00 PM
 #19

yeah well it is a new technology and a new field to regulate so it is somewhat understandable to sometimes see some unreasonable regulations in effect in some places but eventually and hopefully there will be corrections in the system which makes things more reasonable and friendly.
additionally there are a lot of different countries each of which have a very different opinion towards cryptocurrencies so it is hard to expect a similar attitude towards them at the same time. some are even scared of bitcoin because it has been messing with their corrupted economy by providing people with an option to exit that economy!

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amishmanish
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April 09, 2018, 01:49:40 PM
 #20

Regulations are the goverment's perogative and right now, these will have to be accepted as facts of life.

Those who have the purely libertarian viewpoint want to live in countries which leave crytpos fully unregulated. There have even been proposals to build seasteads where normal jurisdictions won't apply. This is quite fascinating but not practical for everybody, as of now.

So we have to sit back and look for the possible regulations:

1. First will be the requirement to have full KYC when dealing with crypto.
2. There maybe some sort of taxation built into the system, which normal users already pay as a service tax.
3. ICO regulation and audit can be a big area of improvement, if the ICO craze has to actually be of any value.

These regulations should serve to make market safer for the average investors. The biggest problem will be maintaining a balance between privacy and law-enforcement. This is the trickiest bit of the problem.

One thing is sure that it can't be regulated out of existence. If such a thing happens, it'll just move into the background again. People will move to friendlier countries and we can have a division of the camps that support it vs the non-supporters.
Fiat vs Bitcoin may well be the 21st century equivalent of the Socialist-Capitalist economy divide.
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