Possibilities of regulating cryptos...

[czhen]

I sometimes think the government should not ban Crypto but it needs to be set up so that the government also benefit from it.
but the rules are made not to complicate the user crypto.

[djsugar]

The fact that digital assets like cryptocurrency uses blockchain technology gives it the advantage of not being controlled by anyone even the government. That is why some governments prefer to ban cryptos just not to give oppurtunity for bad people to use it for their bad motives/actions. Regulating cryptos are not as simple as peeling of a banana, it'll take long talking and discussion.

As to the left and right scams involving the name of bitcoin, fraud and other illegal doings that bitcoin's name is being dragged, what are the possibilities that cryptos will be regulated? Thank you..

By not controlling it, government risks its money being laundered. We all know how easy it is to convert FIAT into BTC and then sending it abroad. If we had to do it using the conventional method, then we would be asked tons of questions.

Although the government cannot regulate it, but it certainly can keep a check on the people by using a very rigorous KYC process. That way, exchanges can help the government in knowing which user is sending money where.
This obviously won't disrupt the regular users but would definitely worry the big fishes.

[JL421]

There are high possibilities that crypto will get regulated but it still isn't so famous as compared to stocks once when crypto becomes a worldwide sensation among many people regulation will take place for good reason so that the amount of scams reduce and people feel more safer while trading

[menggay16]

It does not mean that no one can control it or anyone else can manage that's why there are few ways to break the cryptocurrency credibility that maybe government can relate to? And there are a few in the media doing the wrong news here to talk about and if you ask about in crypto you can find that lacking knowledge to it. How about you guys" what the other opinions you can contribute to?

[gahsh]

The fact that digital assets like cryptocurrency uses blockchain technology gives it the advantage of not being controlled by anyone even the government. That is why some governments prefer to ban cryptos just not to give oppurtunity for bad people to use it for their bad motives/actions. Regulating cryptos are not as simple as peeling of a banana, it'll take long talking and discussion.

As to the left and right scams involving the name of bitcoin, fraud and other illegal doings that bitcoin's name is being dragged, what are the possibilities that cryptos will be regulated? Thank you..

that is probably the reason the government can not currently legalize bitcoin, many people are less responsible for criminal acts in crypto on behalf of bitcoin, so many are preaching that bitcoin is a negative thing, indeed the government takes a long time to can do a really thing mature action, and take a wise decision of course.

[Baraban66]

I think it makes sense to think about what we will do after the law on crypto-currencies is adopted. All should be identified, any transactions with exchange, purchase, withdrawal, can be carried out only by regulators. All other crypto-currency sites in this country will be blocked, otherwise the sense of the law simply disappears.

[rhayot]

The fact that digital assets like cryptocurrency uses blockchain technology gives it the advantage of not being controlled by anyone even the government. That is why some governments prefer to ban cryptos just not to give oppurtunity for bad people to use it for their bad motives/actions. Regulating cryptos are not as simple as peeling of a banana, it'll take long talking and discussion.

As to the left and right scams involving the name of bitcoin, fraud and other illegal doings that bitcoin's name is being dragged, what are the possibilities that cryptos will be regulated? Thank you..

There still a chance that cryptocurrencies will be regulated in whole world, though there are some illegal doings and they are using bitcoin to trick the people to invest on it because of its growing value. But if the government and people will help each other to utilize the bitcoin by regulating a right way there will be a higher possibilities that bitcoin will be part of the currency that we are using and be specified only in online, as bitcoin is part of an online and digital currency.

[levvv]

The fact that digital assets like cryptocurrency uses blockchain technology gives it the advantage of not being controlled by anyone even the government. That is why some governments prefer to ban cryptos just not to give oppurtunity for bad people to use it for their bad motives/actions. Regulating cryptos are not as simple as peeling of a banana, it'll take long talking and discussion.

As to the left and right scams involving the name of bitcoin, fraud and other illegal doings that bitcoin's name is being dragged, what are the possibilities that cryptos will be regulated? Thank you..

cryptocurrency won't be able to fully regulated by the government because it is decentralized.
a decentralized platform should not be able to controlled by one centralized system like government.

[wladsem555]

I think that many here express the correct opinion that sooner or later the crypto-currency market will be regulated by the governments of different countries. First of all, it will be necessary for them to do so to prevent the commission of illegal transactions and various frauds. Also, governments will want to regulate for taxation and income from this activity.

[gabmen]

I think that many here express the correct opinion that sooner or later the crypto-currency market will be regulated by the governments of different countries. First of all, it will be necessary for them to do so to prevent the commission of illegal transactions and various frauds. Also, governments will want to regulate for taxation and income from this activity.

Exactly. Regulations will be healthy for btc in the long run. We'll all benefit it and i think it can even ensure that we can move forward into the future. Without regulations, crypto can easily fall to illegal activities which in the long run may cause its demise.

[Kray]

What I think is bitcoin needs to be regulated for its own good. It needs to undergo this process so that countries and governments and the corporations can surely know that this is not abused or cannot be made to do illegal transactions

Forgive me, but I don't see what good regulating Bitcoin would bring. The way Bitcoin is conceived from the very beginning is to be censorship and regulation resistant. That's one of its greatest feature. There's nothing a centralized government can do to regulate a decentralized system such as Bitcoin. Probably they can try to regulate the users of Bitcoin (by taxing, for example), which is exactly what's happening right now. But not much more than that.

Now, as far as the ICOs and other crypto-assets are concerned, I believe there should be some regulation. I mean, some of them are nothing but pure scam.

I don’t think it’s wrong to regulate Crypto, in fact it's a good thing to prevent Crypto misuse like regulating how an ICO should work and there's a legal body that can protect the consumer rights.

[EddyGameta]

The fact that digital assets like cryptocurrency uses blockchain technology gives it the advantage of not being controlled by anyone even the government. That is why some governments prefer to ban cryptos just not to give oppurtunity for bad people to use it for their bad motives/actions. Regulating cryptos are not as simple as peeling of a banana, it'll take long talking and discussion.

As to the left and right scams involving the name of bitcoin, fraud and other illegal doings that bitcoin's name is being dragged, what are the possibilities that cryptos will be regulated? Thank you..

Perhaps things should be regulated by the government are ICOs and Crypto Exchanges, how should they work and benefit each other also the rights of consumer protection in case something happens and not one-sided law access. As we know many ICOs are scam and the investors are having difficult time to sue them, this is the role of government regulation should be.

[Phildo]

Regulation would be great to prevent consumer losses or even money embezzlement, this will narrow the scammers and criminals. Regulations can also provide security when joining the ICO, if anything happens then we can file a complaint to the regulatory authorities to follow up on that matter, the legal process also will be easier if the regulation has been made.

[feny.blackpink]

The fact that digital assets like cryptocurrency uses blockchain technology gives it the advantage of not being controlled by anyone even the government. That is why some governments prefer to ban cryptos just not to give oppurtunity for bad people to use it for their bad motives/actions. Regulating cryptos are not as simple as peeling of a banana, it'll take long talking and discussion.

As to the left and right scams involving the name of bitcoin, fraud and other illegal doings that bitcoin's name is being dragged, what are the possibilities that cryptos will be regulated? Thank you..

maybe to avoid scam and fraudulent, cryptocurrency need the community regulations for crypto.
so that still have a regulations, but not from government. if government regulates the crypto, im afraid it wont be decentralized anymore.

[faithofb]

Am a fan of those that has been clamouring for regulations of cryptocurrency so that it can be more protective, we have so much i c o coming out without no reason or proper coin with good use case... All this should just stop so that people will be investing their hard earned on real project....

[Cpousersonu]

Regulating a bitcoin is a depend on each and every individual country and they are government policies sum of government is very Eega about regulating the Bitcoin and some of approaching this regulation.

[Blessed J]

With the regulations of crypto, for now now the governments are reluctant to accept cryptos. What i see in the future is a time where crypto will be of high demand and countries will have no other option than to accept cryptos for transactions. What governments will probably do is to regulate the price changes in crypto.

[Washball]

Tax authorities do not have the right procedures and do not really know how to deal with cryptocurrencies. Laws and regulations concerning taxes are very outdated and cannot be implemented properly on cryptocurrencies. It will take a lot of discussion to come up with the right  regulations, but cryptocurrencies will be regulated.

[Selbit]

) - The European Union stands ready to regulate crypto-currencies if risks from the sector are not tackled at the global level, the bloc's financial services chief said on Monday.
The 2018 tax season is already going to be a headache for all investors, especially day-traders, due to the IRS closing the possibility of crypto-to-crypto exchanges falling under the “like-kind” provision of the tax code in IRC Code Section 1031.
To read more:
https://www.google.com/amp/s/www.forbes.com/sites/forbestechcouncil/2018/03/06/how-to-save-crypto-through-thoughtful-regulation/amp/

[Ann Impas]

Of course the possibility of regulating cryptos is very high especially on the time of mass adoption. Government will not allowed anything beyond his control. Yes they may not able to control blockchain technology but the process of getting into cryptocurrency and the requirements and even the internet mapping.  They can control so many factors covering crypto processes. But I guess it's ok, no need to panic if your a legit person trying to make out something better in crypto.