Will regulation kill cryptos?

[Chirayu_20]

 - Clear up the tax situation

Blockchains don’t work without a token, and tokens need to be traded in and out of fiat (government backed currencies like the US dollar). This means there will always be a chance to profit (in fiat terms), so HMRC needs to clarify its stance.

In the US, the 2018 tax law clarified when you should pay capital gains on crypto. One big change: crypto-to-crypto transactions are now taxable events.

- Regulate exchanges

Almost all foreign exchange flows through banks or currency houses: what you do with it afterwards is your choice. It should be no different in the crypto-verse.

Unless you are a professional trader – the sort of person who’d self-declare as option four on a list like this – all your transactions should run through an exchange that is regulated.

- Create a framework for ICOs

You’ve done your homework and read our guide: “Should You Launch An ICO?” But chances are you still can’t discern if an ICO is legitimate or not. If you’ve even taken one look at a whitepaper, chances are you’ve given up on the first paragraph.

People are investing in ICOs just because of the hype and have no idea where their money is going – this won’t end well.

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[Krispin47]

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?

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.

[Sapphire9]

No, I don'tt think that regulation will kill crypto currencies. Of course it affect bitcoin and other currency, I mean prices, but crypto will survive any way, so I don't worry about it at all

[marmeladko]

On the one hand, regulation is bad and doesn’t match Bitcoin ideas and purposes. But our community can’t grow without this regulation. People and financial institutions don’t want to invest in BTC and alts until there will be any legal field.

[lodcoling]

Regulation is good for cryptos. Regulation is nothing but legalization. If regulation impose on cryptos by different countries then the general people will involve themselves more with it. And the BTC market will bigger and bigger. So, regulation will more alive the Cryptos.

[klavyemaus52]

Nothing can kill bitcoin i think bitcoin is usefull and will be usefull for ever we will got bitcoin banks everywhere soon

[12tribes]

Regulations will not exactly kill bitcoin, but may stifle it and cause a sluggish growth in that country. Regulations, when properly enacted, is meant to protect the citizens of the country, however, when it is enacted out of fear or to mitigate the involvement of people, it brings a dulling of the crypto world.

[mriansa]

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 think that the regulation in some countries may make the price of cryptocurrency somewhat shaky and decrease slightly but I think it will disappear by itself which means bitcoin and other cryptocurrency will adapt to be able to put themselves in the presence of the regulation and certainly the price will soon do the recovery again.

[pharaon]

Regulation can be different. Legal norms and rules can be directed in the right direction, and contribute to the development of the Crypto-currency. I do not think that regulation can kill crypto-currencies, since it does not come from a single country.

[AnaPreda]

No matter how you cut it, financial technology in the blockchain environment is drawing extraordinary attention – both on Wall Street as well as Main Street – where blockchain technology will be adopted.
It isn’t a matter of ‘if’ with regulators either, but more a question of ‘when’ as the global economy adapts blockchain technologies.
The Harvard Business Review calls blockchain technology “transformative”, not “disruptive”.  “It has the potential to create new foundations for our economic and social systems,” said the Review.
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[KuyaBreezy]

Regulations will not necessarily kill crypto unless its on that totally restricts its operation and freedom, like bans. other regulations such as tax compliance however may not kill crypto in the long run,. they ma even improve its usage as they will make crypto legal and attract more uses to it

[00DKM@]

Nothing can kill bitcoin i think bitcoin is usefull and will be usefull for ever we will got bitcoin banks everywhere soon

Yes, nothing can stop the development of bitcoin. But if the rules or regulations from the government to strictly control the crypto market, it will certainly increase the popularity of the market and ensure future safety. But will that balance and maintain price fluctuations? It is a dilemma and a challenge for bitcoin and crypto. We need to be patient to wait for the next adjustment.

[Lucas Riley]

Absolutely not! This is what we need, to an extent. I am not in the ripple boat actively calling out for regulation but I do this that some will be very beneficial. Its obvious that there are too many scams out there at the moment scaring off allot of potential investors

[coin_maker]

Rules & regulation leads people in right way. If regulation impose on Cryptos then involvement of people will rise. And if involvement of people increase then the demand of cryptos will rise. And certainly price also rise . So there is nothing bad of regulation.

[ponomare]

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?

In my opinion, regulation is good for crypto. It allows other investors to start investing without fearing about laws in that country.

[mkcjeewantha]

  I think it's better to have regulations because after that the majority of the society will start to trust cryptocurrency and it will be a solid base for a great future of this new currency system and then everyone will be able to use crypto without any hesitation. so at that point, people will build up the trust and this currency system will be a part of our life!  

[Msile]

The beauty of cryptos is that regulation cant kill them. Even if the governments bring in extreme regulations and make it too hard to own a crypto currency, the decentralized nature of it will come handy and there will be no way the governments will be able to control the flow of the coins.

[njneer]

The beauty of cryptos is that regulation cant kill them. Even if the governments bring in extreme regulations and make it too hard to own a crypto currency, the decentralized nature of it will come handy and there will be no way the governments will be able to control the flow of the coins.

I agree with this 100%. If regulation becomes too intensive, it can simply be ignored, at which point regulators will have to compromise. For example, if Litecoin developed widespread usage and developed overly strict regulations, users could simply migrate to an unregulated privacy coin which would be a nightmare for the regulation bodies. The democratic ownership of crypto really evens the playing field.

[0t3p0t]

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?

No. Regualtions won't kill crypto but will strengthen and will make them a legit one most especially those that are planning to run an ICO. China's move to totally ban crypto or overregulate crypto is not a a problem with crypto asChina don't want crypto to dominate their local currency which is Chinese Yuan. They want one currency to dominate all over the country that is why they don't allow crypto in their countr. They just make FUD to make their reasons valid to the people like protecting them from fraud and scams I think all of that is just a cover up on what really their purpose.

[Spaffin]

Regulation can also be different. If regulation concerns only the definition of the order of circulation of the crypto currency in the country, then this is quite normal and natural. The state is simply obliged to make such regulation. It will only help the crypto currency to spread more quickly in the society, since in this case the cryptovplat is secured with the support of the state and citizens will more actively switch to its use.
We need to be wary of regulating the technology of the crypto currency, a change in its nature, inherent in it as a decentralized anonymous crypto currency.