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Author Topic: How to regulate crypto?  (Read 672 times)
cryptoreal6 (OP)
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June 18, 2018, 10:47:06 PM
 #1

Do we need to regulate crypto so that more countries will  allow it?
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June 18, 2018, 11:18:44 PM
 #2

I am absolutely sure that the crypto industry need to be regulated. It need to organize  special organization(s) which has to control market and all participants and, of course, we must have logical and convenient rules to evolve the crypto industry. I mean something like CFTC.
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June 18, 2018, 11:38:27 PM
 #3

Some level of regulation is needed, especially if we with to see crypto more as a currency. First, cryptos must be very stable(for example tether, which usually stays in the $1 equivalence zone). Regulation will mean that volatility should reduce remarkably. And here is the case market is driven by demand and supply. It becomes extremely monumental to control forces of demand and supply of fixed coin/tokens in a decentralized environment.
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June 18, 2018, 11:58:21 PM
 #4

Do we need to regulate crypto so that more countries will  allow it?
The problem of regulating cryptocurrency is by doing so,it also means that you introduce centralization to it (the level of centralization will depend on coin ofcourse).And in my opinion,there shouldn't be any centralization in cryptocurrency world.Crypto doesn't need to become an alternative system to traditional centralized banking just for the sake of adoption.






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June 19, 2018, 12:41:22 AM
 #5

Do we need to regulate crypto so that more countries will  allow it?
The problem of regulating cryptocurrency is by doing so,it also means that you introduce centralization to it (the level of centralization will depend on coin ofcourse).And in my opinion,there shouldn't be any centralization in cryptocurrency world.Crypto doesn't need to become an alternative system to traditional centralized banking just for the sake of adoption.

I have to agree here. If you want something that is decentralized, you can't really regulate it. At some point a currency will need to exist that is "buyer beware". We have all sorts of regulated safe currencies and safe markets. At some point there has to be a market/currency that simply is not regulated. If after all these other safety stickers and markets that make sure people don't get screwed, you still decide to get into crypto, then it should be your own damn problem. Deregulation is not a bad thing, its only a bad thing when absolutely critical systems are not regulated, crypto is not a critical system, its just another currency that nobody is being forced to use. You could go your entire life without knowing what it is or even seeing it. The regulation should come if bitcoin ever gets big enough for major companies to start putting peoples 401k into it. THEN, the regulation should be on the company side who decides to put your money there, not on bitcoin as a whole, bitcoin doesnt know, it doesnt care.
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June 19, 2018, 02:20:44 AM
 #6

Do we need to regulate crypto so that more countries will  allow it?

It must be regulated with caution, not to stiffle its growth, too much regulation would be bad as we saw the china example. It is just bad to forbid everybody to use it and innovate upon it.
It leads to being last in the line of improvements, on which you will have to be in some point of time
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June 19, 2018, 02:25:31 AM
 #7

crypto must be arranged if it has entered in a country and has become a means of payment of saha because if not set there will be some problems that will have a major impact on the country is not just a criminal act but the economy will be destroyed.
pinkflower
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June 19, 2018, 02:45:24 AM
 #8

Do we need to regulate crypto so that more countries will  allow it?

If a cryptocurrency is decentralized enough then the regulations will not matter. How can the government enforce it if the users can still make their transactions without trusting a centralizing institution?
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June 19, 2018, 03:07:33 AM
 #9

Do we need to regulate crypto so that more countries will  allow it?
Crypto's are decentralized and it is meant to be stand alone market and no need for a government's back up. But due to the situation changes, it has been said that we need regulation in a way for the government to organize it's market to it's certain area/country. Regulations doesn't mean that there will be a massive adoption coming but some countries just want to monitor and take a look closely to the transactions that are happening through crypto/digital currencies.



 

 

 

 

 

 


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CHENIEN
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June 19, 2018, 03:13:09 AM
 #10

Cryptocurrency is already regulated all over the world, however the legality is not totally implemented. Maybe soon it will happen but there is no such accurate of time or year that cryptocurrency will legally implemented. And cryptocurrency now allows mostly every country has access on cryptocurrency business. Although there are some few threats that happens in some other places but totally more countries are adapting and accessing cryptocurrency especially bitcoin as the top coin of cryptocurrency business.

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June 19, 2018, 03:57:03 AM
 #11

How to regulate crypto?
If the currency is self-contained "Do not need to cash out for local currency," governments have no authority over it, since they will be trading away from the control of states.
Governments can impose restrictions on trading platforms, laws on buying currencies, tracking their markets and this is known as regulation.

Do we need to regulate crypto so that more countries will  allow it?

Yes, the organization facilitates the process of purchasing the currency and spending in the purchase of necessities, but it has disadvantages in the long-term because of centralization. "Which is the distinguishing feature of these currencies."
I am with ICOs regulation and against crypto.

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June 19, 2018, 04:11:43 AM
 #12

Who the hell is we? It is the countries that regulate crypto and decide if YOU get it. I just found out today that Germany legalized Bitcoin as legal tender, if that isn't a good start I don't know what is.https://trademarketsnews.com/germany-recognized-bitcoin-legal-tender/

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June 19, 2018, 04:22:13 AM
 #13

Do we need to regulate crypto so that more countries will  allow it?
We can't regulate as of now crypto itself because it is decentralized and no need for the government to back up this cryptocurrency, but we as users of crypto our government have an authorized to regulate us because from crypto we can make money that needs to regulate from , the government and to prove this is not coming from illegal activities. I believed that hugebalck say "Do not need to cash out for local currency" but we need to cash out so regulations is a must on crypto via users.

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June 19, 2018, 04:25:40 AM
 #14

Who the hell is we? It is the countries that regulate crypto and decide if YOU get it. I just found out today that Germany legalized Bitcoin as legal tender, if that isn't a good start I don't know what is.https://trademarketsnews.com/germany-recognized-bitcoin-legal-tender/
We are just an ordinary person and even whales can't regulate this thing, we really have no power to do it. Government is the only one who can make a legit regulation. I heard about that news too and I really see great future for those hodlers in Germany, time will come and many countries will follow this decision and make their own law about cryptocurrency.
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June 19, 2018, 04:50:13 AM
 #15

I do not think we have any control about it, but to be honest there is nothing we can do if the country have plans on regulating crypto currency. Also the sad truth is more countries are concerned about tax evasion and money laundering the only way we can move forward is regulating the crypto market.
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June 19, 2018, 04:52:57 AM
 #16

Do we need to regulate crypto so that more countries will  allow it?
I think we can regulate crypto except when the country legalize crypto and those people who are in that country will be affected by such regulations. But as a whole, I cannot think of its possibility.

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June 19, 2018, 05:28:21 AM
 #17

Just accept that fact that cryptos needs to be regulated for other people to hug this currency.

Even we like the decentralized thing, no way we can fully enjoyed it if there are more risks waiting for us when using it. Look, if crypto is not regulated, who the hell will give punishment for those exchanges that will deceived people? Who the hell will give justice for those who are victim for let's say fraud? Too much transparency and freedom will kill crypto.

Regulations is fine but not too much that it can destroyed the purpose of why cryptos are being used.

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June 19, 2018, 05:38:37 AM
 #18

That contradicts the principle of the formation, existence and development of the blockchain industry. but I think there are certain rules that are promulgated by the separate rules and regulations of the blockchain industry in the near future. It is necessary to ensure the integrity and balance of the economy around the world. Much of the anticipation of centralized supply will result in the development and implementation of that regulation. We will wait for more satisfactory answers.
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June 19, 2018, 05:39:22 AM
 #19

I don't know where people get an idea regulation exists to improve circumstances for them. There isn't much evidence to support this view.

Regulation can be bad. It can function in a way which limits opportunities and options to some demographics while showing favortism to others. Regulation can exist in a way which guarantees the rich get richer, while everyone else gets poorer. Regulation can be structured in a way which redistrubutes wealth from the poor to the wealthy.

Many of our current negative economic and financial issues can be traced back to regulation not being implemented properly.
 
Here's my latest reason for not being the biggest fan of regulation(US citizens can't use bitmex smh):

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June 19, 2018, 08:53:09 AM
 #20

Do we need to regulate crypto so that more countries will  allow it?
Regulating cryptocurrencies is a good thing and it might even help advance the digital currency market as what cnbc.com said before. It will help us on marketing digital currency when we are regulating digital currency in our society or in our country.
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June 19, 2018, 07:12:42 PM
 #21

Some level of regulation is needed, especially if we with to see crypto more as a currency. First, cryptos must be very stable(for example tether, which usually stays in the $1 equivalence zone). Regulation will mean that volatility should reduce remarkably. And here is the case market is driven by demand and supply. It becomes extremely monumental to control forces of demand and supply of fixed coin/tokens in a decentralized environment.
Regulation itself will not reduce volatility as it will still remain a decentralized market, but it would usher in some policies that would help to curb some activities that can at least limit some of the things we get to see today. Some of those things such as scam, manipulations, and all sort of things, will start diminishing.

Plus, for most part of it, it will then become pretty easy for a lot of investors to see it as a space they can at least invest in without any fear or doubt of the future.
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June 19, 2018, 08:09:43 PM
 #22

The nature of crypto is decentralized. It was designed with uncontrollably in mind. It is very difficult for that to be changed. The pressure of control is coming in the heals of scams. I will rather want to ask, how to eliminate scam from crypto.

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June 19, 2018, 08:12:28 PM
 #23

You can't regulate something decentralized, it's impossibile to do it.
The real problem is how governments will try to shutdown cryptos.. because they will try it...
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June 19, 2018, 08:21:53 PM
 #24

You can't regulate something decentralized, it's impossibile to do it.

Actually, you can. Since Bitcoin transactions are pseudo-anonymous, it is possible to evade paying tax and the government isn't able to check how much money you currently have. Governments can try to make selling and buying cryptocurrencies difficult but they won't be able to ban, for example, F2F transactions which will be a bit dangerous. They won't be able to "shutdown" Bitcoin, though.
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June 19, 2018, 08:34:39 PM
 #25

I am absolutely sure that the crypto industry need to be regulated. It need to organize  special organization(s) which has to control market and all participants and, of course, we must have logical and convenient rules to evolve the crypto industry. I mean something like CFTC.

That could be true, their are other investors that they regulate their crypto in some activity or ICO becauae they have seen that it has a productive way of investing but they need to find ICO who generate success of the group. Others they just hold it until the value will high in that case the crypto will grow and regulate in form.
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June 19, 2018, 08:39:14 PM
 #26

Regulating crypto is not a simple thing that can be done, more the regulations more will be the growth. People get to know about it, along with the same the trust upon cryptocurrency will keep increasing. Different countries come up with different plans to regulate the cryptocurrency usage. One among that is Israel which regulated it by adding bitcoin to the tradeable assets similar to gold. Here based on the transactions related to bitcoin one gets taxed.

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June 19, 2018, 11:41:40 PM
 #27

Digital money has to be the limits for regulating, and these limits should be stronger than present time, after that it will be a bit harder to going down 2k-3k like last days. Other than that, the coins belonging to the same sector should work together, they should not be hungry to money.
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June 20, 2018, 11:09:23 AM
 #28

The nature of this ecosystem is anonymous. This is the one of the main reason for what Satoshi has created Bitcoin.
Regulation is unfavorable for 99% of this ecosystems even there is some exception like Ripple.
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June 20, 2018, 11:25:04 AM
 #29

One more newcomer with same question. Crypto is already regulated, crypto coins are regulated differently, with different supply and distribution, on different networks, platforms, there are so many of them and so many differences. How will government regulate crypto depends from people in that government and their needs, but who ever they are and what ever their needs are they can regulate it until some point and only inside of their limits, to say it simply why would I worry what will some country do that is thousand kilometers from me? I don't have nothing with their laws.
People should learn how to use crypto, to try to understand how it works, after understanding all that this kind of questions sounds silly.

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June 20, 2018, 11:43:29 AM
 #30

I think that the only way for crypto currencies to able to be used as they were intended - to be currencies - would be to undergo a regulation process.

This way scam ICOs and other scam coin projects would not have a chance to succeed and the people would be protected thus, people would trust these alternative forms of payment like we ended up trusting plastic cards instead of banknotes.

The thing is crypto currencies are still at the beginning and we need to give them time to mature.
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June 20, 2018, 02:04:00 PM
 #31

The regulation of crypto is currently happening in different countries in our world, like United States, China, South Korea, Japan and Europe. They are gradually taking actions in regulating crypto as a mode of payment other than fiat currency. They are scrutinizing the large mumbers of ICO to protect the people from being scammed. Crypto is still in its adopting stage and our governement makes certan action to legalize the regualation of cryptocurrency in the rest of the world.
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June 20, 2018, 02:37:39 PM
 #32

Do we need to regulate crypto so that more countries will  allow it?
Regulation is good for all the countries because every country have individual economic development so government should allocate the taxes or some regulation then only all the countries are allow to legalisation of Cryptocurrency. We are all waiting for that moment in future.

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June 20, 2018, 03:14:28 PM
 #33

Basically, we act as supporters of crypto world popularity for friends in various countries, in this way crypto name will be more heard by some people. If we support it it will be very helpful for the entry of crypto in some countries but we must make crypto to be positive in order to get permission from the state. Someday I believe crypto will be more popular, and if this happens will greatly help the economy for transactions and investment world. Currently, government policy still considers the negative effects of misuse of crypto money, because with the existence of crypto many people to take advantage of the transaction with no taxable and this will be our important role to support the positive value of crypto technology.

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June 20, 2018, 03:46:00 PM
 #34

Cryptocurrency is set up around the world, but its legality is not fully implemented. Maybe it will happen soon but there is no such time or the right year that cryptocurrency will be implemented legally. And cryptocurrency now allows most of every country to have access to the cryptocurrency business.
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June 20, 2018, 03:48:04 PM
 #35

Do we need to regulate crypto so that more countries will  allow it?
The community regulating crypto wouldn't make any sense since we:

#1. Thrive on the lack of regulation stifling the market, which also encourages users to become venturous with business ideas, leading to some good (and some bad) businesses and projects becoming available.

#2. Exchanges allow for relatively unregulated flow of BTC, cryptos, and tokens are often the ones that end up benefiting the community the most, aside from when there's a hack and the entire exchange goes down (which can happen to anyone).

Countries also won't allow for our "regulation" to be viewed as legitimate since it's essentially just rules that we would try and follow. They would make their own regulations in as harsh or as basic of a way that they want.
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June 20, 2018, 04:07:49 PM
 #36

The State of Russia on State Construction is to support the first reading of a proposed regulation that incorporates fundamental rules for the digital economy in the country's Civil Code. At the same time, a leading Russian bank issued its first commercial bonds through Blockchain-based technology.
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June 20, 2018, 04:13:15 PM
 #37

The regulation of the crypto currency is a good thing because that will give the common people the trust which is also can be invested.But many governments were trying this to make more revenue for them by implementation of high taxes.So the regulation is good but the regulators need to be fair with the regulations.
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June 20, 2018, 04:15:57 PM
 #38

Do we need to regulate crypto so that more countries will  allow it?
I totally agreed on this,ever since my stand is to favor the regulations policy that countries might implement because rhis is the only reason that i see for us to be free to do everything we need here,

I believe that if this implemented then taxation will be the next and if thats indeed economy will grow and countries will be happy for the presence of cryptocurrency
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June 20, 2018, 04:19:33 PM
 #39

Somehow i would say yes. But our goverment are still unclear and they seems consider crypto as an asset. Crypto definetly not an asset and it could not be regulated as same as asset did. With goverment regulation crypto will be accepted as investment and many people will invest on crypto. I believe it would make the market size bigger and it would boost all the project in crypto world.

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June 20, 2018, 04:30:55 PM
 #40

As much as it contradicts decentralization, regulation is definitely needed for worldwide adoption. Besides, when worldwide adoption does occur, we can't possibly expect that everyone would be educated enough to use cryptocurrencies safely. Just in our current state, there are countless people getting scammed both by other people or organizations, and no one could help them with that. Regulation would help protect the users in these cases.
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June 20, 2018, 04:57:37 PM
 #41

Do we need to regulate crypto so that more countries will  allow it?

If the economy of the country is going bad due to cryptocurrency then most of the governments will just create their own rules and regulations in order to stop the negative effects of cryptocurrency in their own economy, every country has the same idea.
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June 20, 2018, 05:04:02 PM
 #42

I am absolutely sure that the crypto industry need to be regulated. It need to organize  special organization(s) which has to control market and all participants and, of course, we must have logical and convenient rules to evolve the crypto industry. I mean something like CFTC.
This is something we should not even be debating anymore as it is so glaring that humans cannot do things all by themselves without some devilish punks coming to parade themselves just to want to evade the space and do things in their own way which may likely tarnish the image of a lot of things which apparently is what we have been experiencing.

Scams, manipulations, name them! However, we sure do know that the only way we can at least start getting to have a growing and matured space is when regulation comes to play.
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June 20, 2018, 06:09:24 PM
 #43

Do we need to regulate crypto so that more countries will  allow it?

Some level of regulation give some trust to the people to inverse in crypto.On the other hand,the main reason for regulation of crypto currency is to get some tax for the income from trading,mining of Crypto.Regulation give strength to the investments and same will reduce the involvement for the tax.
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June 20, 2018, 06:26:22 PM
 #44

Do we need to regulate crypto so that more countries will  allow it?

In my own opinion placing regulation towards cryptocurrency is just fine but as long as government started to manipulate the price of crytpocurrency like placing taxes on it then there is a huge chance that the investors will reject bitcoins and the market price will just go down.

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June 20, 2018, 07:05:35 PM
 #45

Are you really sure it is regulation that have kept many countries from recognizing cryptocurrency?

Most of the issues is rather misunderstanding. Mostly when you hear conversations about cryptocurrency, it is about the negative conclusion that it is decentralized. It is disruptive, it is anonymous. It is a bubble, it is an avenue for funding terrorists. Little is said about the speed of transaction across the world, the little or no barriers of documentation, the significant reduced fees, and other good that aspects of the cryptocurrency.

The more positives we talk about cryptocurrency, the more relaxed government control will be.


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June 20, 2018, 07:13:40 PM
 #46

Do we need to regulate crypto so that more countries will  allow it?
Regulation is good for all the countries because every country have individual economic development so government should allocate the taxes or some regulation then only all the countries are allow to legalisation of Cryptocurrency. We are all waiting for that moment in future.
Right it is good to regulate bitcoin because it has most of benefits that are occurring only because of bitcoin in any country who are using bitcoin, people are getting jobs, people are saving money, and a lot of benefit are now being a part of our life only because of bitcoin, so I think governments should be strict about bitcoin to make it regular so no one will compel to use it hidden, paying tax for bitcoin will support our government to become stronger.
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June 20, 2018, 07:51:56 PM
 #47

Do we need to regulate crypto so that more countries will  allow it?

Bitcoin itself can not be regulated. First you have to realize that. This is because of the fact that bitcoin is decentralized, and no central entity will ever be able to assert regulatory measures on top of the bitcoin blockchain.

However, regulations on exchanges, hosted wallets, etc. are what's possible and what's happening right now.

I think that these regulations are needed to an extent to protect users from fraudulent bitcoin-businesses. However, it shouldn't become restrictive to the point that it affects how people access and use bitcoin itself.

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June 20, 2018, 08:38:26 PM
 #48

It needs to be regulated and it is already being regulated right now, it has pros and cons for sure but I don't think it is bad for the crypto. Thanks to the regulation the crypto will be more valuable.

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June 20, 2018, 08:48:08 PM
 #49

Do we need to regulate crypto so that more countries will  allow it?

The only reason for cryptocurrency to be banned by government is that, if the countries economy is being affected on a negative way or the governments are just corrupted and they did not want their people in the community to earn wealth. Aside from that i believe that cryptocurrency is good for a country and to the people in the community as well.
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June 20, 2018, 08:50:00 PM
 #50

The whole idea of crypto lies in the implementation of external regulations. It is possible that they will be useful for market development, but so far governments are not ready for adequate behavior in the crypto market.
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June 20, 2018, 10:57:42 PM
 #51

I don't think it's a case of needing regulation, I think it's simply a fact that governments will regulate. They don't like the loss of control over citizen's finances. I figure there's no point getting frustrated about it, as it will happen anyway, so best to look at the positives. One of which, as has been mentioned, is that it should open the door for new investors to get involved.

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June 20, 2018, 11:20:04 PM
 #52

Do we need to regulate crypto so that more countries will  allow it?
Regulating cryptocurrency might also give other countries to think of possible change of their minds as it is much safer to get into this industry while there is something like the regulation but I think they will only do that on our local exchanges for a much better result. A lot more countries will think twice and will surely adopt crypto because they might see that the countrymen would start to surge and make ways just to interact the cryptocurrency community.



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June 20, 2018, 11:38:14 PM
 #53

Do we need to regulate crypto so that more countries will  allow it?

In my own opinion placing regulation towards cryptocurrency is just fine but as long as government started to manipulate the price of crytpocurrency like placing taxes on it then there is a huge chance that the investors will reject bitcoins and the market price will just go down.
Regulations will happen in time, we cannot stop it so let's hope that our government have the real concern about this technology. Well, its ok to pay taxes than to ban this technology. Investors will still come because this kind of technology deserve more investors so we can see a great future.
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June 20, 2018, 11:55:21 PM
Last edit: June 25, 2018, 04:42:07 AM by vintages
 #54

Yes, bitcoin regulation will truly open doors for many countries to accept cryptocurrencies and it activities. Most people see regulation as a way to centralize bitcoin and makes cryptocurrencies to be ruled by the government but its not that way. I believe regulations will cause some important organization and other prominent bodies to take cryptocurrency serious.
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June 21, 2018, 12:17:10 AM
 #55

Yes, bitcoin regulation will truly open doors for many countries.
And It will attract more investors because finally the government is supporting this kind of technology. This may take few more years but regulations will happen because this is a growing community and I know government are aware of this thing. We cannot regulate cryptocurrency, but if one big country make this thing legal, for sure many countries will make their own decision even a small one.
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June 21, 2018, 02:56:13 AM
 #56

As we all know that Crypto is based on blockchain technology and it is almost impossible to regulate it as there is no central server for it to control. On the other hand, the government can legalize crypto and try to control the domestic exchanges resulting in the price fluctuation (at least on domestic level). There is no other wat for anyone to regulate cryptocurrencies.
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June 21, 2018, 04:08:01 AM
 #57

I think the regulation with crypto currencies should only focus on fraud and money laundering. All of these things give crypto currencies a bad name and we want that to be taken care off so that investors will be comforted to the fact that their hard earned money won't be taken. Taxes and such are already a given so that more countries would jump in.

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June 21, 2018, 04:14:30 AM
 #58

Do we need to regulate crypto so that more countries will  allow it?

Basically, yes. Because there are several countries who thinks bitcoin could be a subject for criminal activities involving money laundering, illegal transactions, terrorism, and other activities that can be developed, and some these are already happening. So, what would you expect from the government? You do the math.

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June 21, 2018, 05:24:59 AM
 #59

To me, I think we cannot run away from that reality. The popularity of cryptocurrency has got the attention of lawmakers and once that happens, they'll do anything to gain control. If only the regulations aren't tough, crypto will still continue a good venture. Also I think some bad behaviors of some members of the ecosystem surely makes it necessary for regulations to be initiated.
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June 21, 2018, 05:41:27 AM
 #60

Do we need to regulate crypto so that more countries will  allow it?
The main obstacle to the adoption of it by the majority of states is precisely in the decentralized nature of bitcoin and other crypto currency. Because of this, it also has high volatility. However, it is precisely the decentralization of the crypto currency that can not be allowed before the regulation by the states, otherwise it will be a completely different crypto currency. The circulation of crypto-currencies in individual countries can be regulated arbitrarily, and its decentralized nature can not be regulated. This is the whole complexity of this moment.
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June 21, 2018, 05:59:40 AM
 #61

I think there needs to be a crypto bond and state, where the state gets the result of crypto. it aims to maintain the crypto and convince investors.
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June 21, 2018, 06:13:17 AM
 #62

Regulations should only be used to prevent or stabilize a "Wild West" scenario. Let's take the ICO scene as an example. A scammer with full anonymity can quickly create a White paper for his project, from some fake concept and then start a token sale and run with the money, as soon as he reached his goals.

There is no regulating body to determine who are behind these projects and how legitimate these projects are, before they go public.

This is the typical, "Wild West" scenario and the government are the new Sherriff in town, to protect the citizens and to prosecute the criminal elements in the community. <enter the SEC in the USA>  Roll Eyes

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June 21, 2018, 06:15:09 AM
 #63

Do we need to regulate crypto so that more countries will  allow it?
No, it needs no regulation. Even if you want to, how are you going to do that? 🤔 I don’t see it possible in anyway at all. Any country that doesn’t want to allow the use of Bitcoin is their own choice, you can’t force them to do so. Bitcoin is meant to be used by people and it gives them complete control over their money. So you shouldn’t be expecting regulation, it’s not going to happen at all.
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June 21, 2018, 06:27:21 AM
 #64

Do we need to regulate crypto so that more countries will  allow it?
No, it needs no regulation. Even if you want to, how are you going to do that? 🤔 I don’t see it possible in anyway at all. Any country that doesn’t want to allow the use of Bitcoin is their own choice, you can’t force them to do so. Bitcoin is meant to be used by people and it gives them complete control over their money. So you shouldn’t be expecting regulation, it’s not going to happen at all.

Regulation will help the investors to protect from the scam ICO's because the government should come up with a solution in order to protect investors. Of course, it is not easy because people are losing their hard earned money by adding some rules and regulation to the ICO's.
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June 21, 2018, 06:34:15 AM
 #65

Do we need to regulate crypto so that more countries will  allow it?
Well, the fact that the governments in other countries bans the use of cryptocurrencies shows that we really need to let them regulate cryptos in a way that they will see fit and like a win-win situation for users and for them. But as I see the way they regulate cryptos, some regulations are unfair for users in that specific country so they are finding ways to use cryptos in their own comfort.
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June 21, 2018, 10:11:03 AM
 #66

Do we need to regulate crypto so that more countries will  allow it?
That is not our job. That is government's job. If they want to accept the cryptocurency, they will find a way to regulate it. However, I doubt that they can do that since bitcoin and other cryptocurrencies are decentralized. They can not be controlled by any company or individual. Therefore, I believe that they will have to accept it without regulating it

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June 21, 2018, 10:24:09 AM
 #67

A scammer with full anonymity can quickly create a White paper for his project, from some fake concept and then start a token sale and run with the money, as soon as he reached his goals.

A lack of regulation is not the only problem here. People believe that they can still become rich if they buy a new coin. They don't even understand the difference between a token and a cryptocurrency. I don't understand why people invest in ICOs these days. Holding seems to be much more profitable and safer investment. Also, some people don't even read project's whitepaper and judge whether or not it is a good project by a website and its graphics.
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June 21, 2018, 10:30:48 AM
 #68

It still.. everything goes back to the government, how to regulate it if the country/government is still against it, let the government continue to try to understand crypto as time passes. We just need to avoid abuse from crypto until the government can judge it to a more positive side and can be accepting it and regulating it.
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June 21, 2018, 10:31:34 AM
 #69

I do not think we need to do that, the question of whether the state allows the legality of the crypto or not depends on the country itself viewing the technology and the world economy for the future, my opinion on the crypto and the legality of the government is only to the investor and the amount of money to be in invest not on users or workers like us, because crypto is personal and privacy, so it does not have an absolute effect. hopefully useful and succ
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June 21, 2018, 10:35:34 AM
 #70

Do we need to regulate crypto so that more countries will  allow it?
I believe we need to be regulated for the benefits of all.either the cryptonians or the governments all will prosper this regulation issue,what we really concerns is the privacy that we loved thats why were here,our anonymity.things that might be taken from us if the taxation is implemented since we will be require to use KYC or some identification that proves were the one whos oaying the taxes
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June 21, 2018, 11:01:42 AM
 #71

Do we need to regulate crypto so that more countries will  allow it?
That is not our job. That is government's job. If they want to accept the cryptocurency, they will find a way to regulate it. However, I doubt that they can do that since bitcoin and other cryptocurrencies are decentralized. They can not be controlled by any company or individual. Therefore, I believe that they will have to accept it without regulating it

They can't regulate the price of Bitcoin or other cryptos. They can't affect miner fees, block rewards and the speed of transactions. But what they can do is preventing scam ICOs from appearing by obliging every new project to get some kind of a state registration. They can also tax exchanges and Crypto ATMs instead of banning them. IMO reasonable regulations are needed and, in fact, are inevitable, and we shouldn't be afraid of them because they can speed up the adoption process of crypto overall.

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June 21, 2018, 11:32:51 AM
 #72

The cryptos are decentralized and the government have no yet agreement with bitcoin ,what agency who will regulate that cryptos and  that bitcoin is in the cryptoworld, controlled by individuals, there is nothing to be regulated because cryptos is running for years ,not regulated ,there have no problems about it.

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June 21, 2018, 11:34:37 AM
 #73

Do we need to regulate crypto so that more countries will  allow it?

It must be regulated with caution, not to stiffle its growth, too much regulation would be bad as we saw the china example. It is just bad to forbid everybody to use it and innovate upon it.
It leads to being last in the line of improvements, on which you will have to be in some point of time
Yes. Cautious regulation will help a lot of things and at the same time will not limit the growth of the space just like the way it was discussed by the SEC boss during the last conference. Regulation should come in a lenient way and even as lenient as it may be, it should be focused more on trying to reduce some level of illegal activities that can as well affect the market's growth.

I believe with such scenario, things will get better over time and the growth will be a lovely thing to experience due to mainstream adoption.

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June 21, 2018, 02:19:10 PM
 #74

Do we need to regulate crypto so that more countries will  allow it?
No, it needs no regulation. Even if you want to, how are you going to do that? 🤔 I don’t see it possible in anyway at all. Any country that doesn’t want to allow the use of Bitcoin is their own choice, you can’t force them to do so. Bitcoin is meant to be used by people and it gives them complete control over their money. So you shouldn’t be expecting regulation, it’s not going to happen at all.

You might be thinking of regulation in a way of controlling the currency, like what banks do with cash. A simple legal registration for companies conducting an ICO is an example of regulation. If people are confident that they can participate in the world of cryptocurrency with a very minimal risk, then adoption rate would increase further.
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June 21, 2018, 02:20:56 PM
 #75

We can not do this without the help of the government and I think government will obey someday because of the greatest demand of crypto currency in every society.
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June 21, 2018, 02:21:48 PM
 #76

I think soon every country will accept all cryptocurrency. We just need to wait.
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June 21, 2018, 03:33:44 PM
 #77

I once listened to a economics expert speaks on CNN, she said it is hard to regulate cryptocurrency even though she was not in support of cryptocurrency because of it liquidity (she believes there will be huge dump in the price). Crypto is hard to regulate because of its decentralization and what make it worst is that the governments are not the one controlling higher percentage of most crypto.
But there are ways in which it can be regulated such as exchanges regulation etc. To me, I think crypto market doesn't need regulation.
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June 21, 2018, 03:40:33 PM
 #78

Here in the Philippines cryptocurrency is being regulated through local exchange identifying the clients through an intensive KYC program. Aside from that ICO's coming from the Philippines will be regulated in a way that they should be register in order to have a support on the project or else if the ICO project is not registered then it is more like a scam. But if we join in another ICO project that the GOvernment has not jurisdiction over it. 

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June 21, 2018, 03:58:47 PM
 #79

most of the many take from existing source code. In this discussion, we will use the existing source code. However, such ways remain a good starting point for trying to recognize more deeply about cryptocurrency, bitcoin in particular, because it has become the bodyguard of the cryptocurrency world.
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June 21, 2018, 04:35:00 PM
 #80

I am absolutely sure that the crypto industry need to be regulated. It need to organize  special organization(s) which has to control market and all participants and, of course, we must have logical and convenient rules to evolve the crypto industry. I mean something like CFTC.

     Regulations cannot stand if we use decentralized cryptocurrency so it needs to have centralize coin first before making a rules and regulation about cryptocurrency,perhaps it is very difficult to monitor decentralized coin, and if we notice of some centralize coin are almost have no value, so it means these will not hit the market, then why we need to go to centralize crypto if this is not demand by the market.
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June 21, 2018, 05:06:30 PM
 #81

Not so long ago, the demand for non-governmental cryptography had some limitations. Now electronic communication technology gives us the opportunity to transfer large amounts of information. Including commercial financial personal.Cryptography aims to preserve the confidentiality of this need to cryptographic methods are not limited to government regulation.Government regulation can do a lot of harm to privacy.

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June 21, 2018, 05:32:53 PM
 #82

We can not do this without the help of the government and I think government will obey someday because of the greatest demand of crypto currency in every society.




I think Regulation means that volatility should be greatly reduced. And here is the case market driven by demand and supply. It becomes very monumental to control the power of demand and supply of fixed / token coins in a decentralized environment.
Some level of regulation is needed, especially if we see crypto more as currency. First, cryptos must be very stable (eg mooring, which usually resides in the $ 1 equivalent zone).
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June 21, 2018, 06:00:11 PM
 #83

We can not do this without the help of the government and I think government will obey someday because of the greatest demand of crypto currency in every society.




I think Regulation means that volatility should be greatly reduced. And here is the case market driven by demand and supply. It becomes very monumental to control the power of demand and supply of fixed / token coins in a decentralized environment.
Some level of regulation is needed, especially if we see crypto more as currency. First, cryptos must be very stable (eg mooring, which usually resides in the $ 1 equivalent zone).

The motion of cryptocurrency server build a pivot to sum of the regulations so we cannot make any changes with that it is will help from other currencies to run India floor we cannot do nothing for that the only thing we can do is make transaction between this currency this will help you yeah a lot to improve crypto currencies.

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June 21, 2018, 06:07:42 PM
 #84

Attempts to legalize crypto currency have been made since the beginning of 2016. European countries are relatively supportive of innovations: they conduct research, test various ways and methods of their implementation in the real economy. For example, the Central Bank of England, although did not allowe to use blockchain, but informally asked the banks for assistance in blockchainprojects. And in the state of New York since 2015, there is a local law on licensing of activities related to crypto-currencies - BitLicense.
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June 21, 2018, 06:09:25 PM
 #85

Do we need to regulate crypto so that more countries will  allow it?
if crypto will be regulated then it will not be anymore decentralized, but we all here for that. I think it will be a death of crypto if such thing will happen
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June 21, 2018, 06:16:15 PM
 #86

Do we need to regulate crypto so that more countries will  allow it?

In my own opinion, cryptocurrency is just going fine today because the market is currently running good, the price might be decreasing but still its just because of the volatility and it will still grow up again after a few months.
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June 21, 2018, 06:41:20 PM
 #87

Cryptocurrency needs to be regulated because there is nothing like absolute freedom and it gives rise and opportunity for scam and shit coins to take advantage of an ecosystem that isn't regulated so some form of regulation is very welcome.
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June 21, 2018, 06:48:03 PM
Last edit: June 22, 2018, 06:19:42 AM by rockie87
 #88

Do we need to regulate crypto so that more countries will  allow it?
Yes we have to regulate crypto in order to have more investment and people backing this financial revolution.

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June 21, 2018, 08:46:29 PM
 #89

It is very difficult to regulate cryptocurrencies. Many people think that because cryptocurrencies are decentralised they cannot be regulated. That's obviously false. Although governments can't block certain transactions, they can still control exchanges which allow to sell Bitcoin for fiat. Regulations are needed if we want to attract more investors. Cryptocurrencies are really powerful and have a lot of potential but there is a lot of uncertainity about their future. Governments should regulate them as soon as possible.

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June 21, 2018, 09:21:38 PM
 #90

There should be no regulation of cryptocurrency or it should be very superficial. In another case, it will completely change all the principles of the cryptocurrency economy.

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June 22, 2018, 04:22:53 AM
 #91

If as a user it may be very difficult to make a belief in the government to immediately formalize it because the impact will be generated from the currency crypto is also very large, especially against the condition of a future country.When the government can not make a wise rule against the crypto.

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June 22, 2018, 09:41:44 PM
 #92

I think there needs to be a crypto bond and state, where the state gets the result of crypto. it aims to maintain the crypto and convince investors.
Exactly we should increase the mountain of investors too high by supporting bitcoin and asking more people to buy and hold bitcoin for long term, bitcoin regulation needs government involvements so if our government will start supporting bitcoin it will  be no longer illegal or irregular as almost every country is now supporting bitcoin for being best investment ever.
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June 22, 2018, 10:51:10 PM
 #93

Now that ethereum and bitcoin are not securities, how do you regulate this market?
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June 23, 2018, 04:08:11 AM
 #94

I am absolutely sure that the crypto industry need to be regulated. It need to organize  special organization(s) which has to control market and all participants and, of course, we must have logical and convenient rules to evolve the crypto industry. I mean something like CFTC.

     Regulations cannot stand if we use decentralized cryptocurrency so it needs to have centralize coin first before making a rules and regulation about cryptocurrency,perhaps it is very difficult to monitor decentralized coin, and if we notice of some centralize coin are almost have no value, so it means these will not hit the market, then why we need to go to centralize crypto if this is not demand by the market.
That is being formulated by the government how to make crypto users can be controlled while decentralization on crypto can not be removed from the inside, maybe we will find a verification system of data in the wallet or exchange so that the government knows our identity
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June 23, 2018, 10:05:19 AM
 #95

Do we need to regulate crypto so that more countries will  allow it?
Who is doing the regulation? Is it not each country that will deem it fit to come with some regulatory policies? The way you are asking it like there is going to be one single body regulation for cryptocurrency. Regulation by most countries will actually bring some good growth for the space and there is no doubt about that. The most important thing is to understand that a lot of things will change which to me will still be for the positive.
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June 23, 2018, 11:00:09 AM
 #96

Crypto does need regulation. Price manipulation, ICO scams, etc. give crypto a bad name and I believe many people are afraid to enter. With regulation, I think mass adoption is only a matter of time.

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June 23, 2018, 11:09:28 AM
 #97

I am absolutely sure that the crypto industry need to be regulated. It need to organize  special organization(s) which has to control market and all participants and, of course, we must have logical and convenient rules to evolve the crypto industry. I mean something like CFTC.
very difficult if we have to set crypto without having anything and we also have to clear what kind of order for many countries that legalize bitcoin because we know the author alone is pretty much deficient in this case...

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June 23, 2018, 11:37:01 AM
 #98

It is very difficult to regulate cryptocurrencies. Many people think that because cryptocurrencies are decentralised they cannot be regulated. That's obviously false. Although governments can't block certain transactions, they can still control exchanges which allow to sell Bitcoin for fiat. Regulations are needed if we want to attract more investors. Cryptocurrencies are really powerful and have a lot of potential but there is a lot of uncertainity about their future. Governments should regulate them as soon as possible.

I agree with you. Many businessmen avoid dealing with crypto currencies exactly because the legal status of those currencies is ambiguous. They don't even consider dealing with something which can be called illegal, and if you have a flourishing business that's understandable. Therefore, it is impossible to over-estimate the importance of such regulations for wider crypto adoption. There are millions of law-abiding businessmen who are ready to jump in at any moment.

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June 23, 2018, 11:51:06 AM
 #99

We really need to regulate crypto because it will not be far that crypto will invade countries, and so that other countries will not be left behind digital currencies through advance technology.
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June 23, 2018, 02:05:14 PM
 #100

I don't think crypto should be regulated at all. Finally, we have a tool that can make these regulations, tariffs and taxes obsolete and expose how useless and harmful they are.
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June 23, 2018, 04:02:45 PM
 #101

Do we need to regulate crypto so that more countries will  allow it?
Regulation means losing control as government will put centralization measures over it's use and cryptos will losse their unique feature of decentralization and volatility will reduce so as the growth of coins and price hypes.Countries need to promote blockchain technology with them and can have a taxation scheme on its income.

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June 23, 2018, 05:49:40 PM
 #102

I'm sure the crypto's people are trying to control it. They are trying to bring it into law and the crypto rules are more controletive.
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July 09, 2018, 03:11:00 PM
 #103

Yes because it would increase the flow of institutional capital into cryptocurrency markets. And that would further strengthen corporate governance in cryptocurrency companies.The trick for regulators is to balance investor protection and systemic stability with the need to protect innovation and encourage capital formation in different legal systems.
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July 09, 2018, 03:26:46 PM
 #104

This decentralized crypto is meant to have a market of its own. If the critic becomes centered then it will affect the market and the price of Bitcoin itself. I think with the existence of the regulation of the government it will not affect the interest of adoption of the people on a large scale, the government only want to closely monitor the usage of this crypto, as well as the transactions that are going on in this crypto world.
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July 09, 2018, 03:42:06 PM
 #105

Crypto is a commodity, it needs more settings, users will be better protected and feel safe with the investment made. In addition, this could be an opportunity for the cryptocurrency market to develop in a better direction
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July 09, 2018, 03:47:02 PM
 #106

Regulation can add stability to price, also will bring new money into the market.
So to me is good to regulate exchanges.
What i do not want, to pay taxes/fees for bitcoin.
For me is absurd to pay taxes just because i bought bitcoins. I see bitcoin as a currency more then i see it as a store of value.
Is like i exchange dollars into my fiat national currency and i have to pay taxes. Since bitcoin is not a commodity nor a business organisation, i do not want to pay taxes just because i own it.
A really good regulation i would like to impose limits in trading, so whales and market manipulators cannot manipulate prices. If individuals have a daily limit for how much they can buy or sell, is good from my view.
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August 02, 2018, 12:27:14 PM
 #107

I don't think that it is proper to regulate bitcoin/crypto. I would like to refer to my opinion including but not limited to things you want to voice out. Well, I think if cryptocurrency will be regulated and its implementation would suffice this very day, then all of us in all of a sudden will be outmembered since the government would use this in their own proliferation of money. And I think it will be the best way to get doomed by this poverty. I would like to give everybody a chance by just joining campaign they're helping poor people like us, by just staking/mining/investing. One more thing, regulation means implementation of strict rules that any one cannot be given a guaranteed to join.
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August 04, 2018, 05:34:01 AM
 #108

I don't think that it is proper to regulate bitcoin/crypto. I would like to refer to my opinion including but not limited to things you want to voice out. Well, I think if cryptocurrency will be regulated and its implementation would suffice this very day, then all of us in all of a sudden will be outmembered since the government would use this in their own proliferation of money. And I think it will be the best way to get doomed by this poverty. I would like to give everybody a chance by just joining campaign they're helping poor people like us, by just staking/mining/investing. One more thing, regulation means implementation of strict rules that any one cannot be given a guaranteed to join.
Look we need to understand something very important here. I know you and many others do have reservations for legalization of bitcoin. But don’t you think when bitcoin would be accepted and get into legislation for legalization, there would be a proper interference of citizens too. Our politicians can never only think about themselves. They must consider our point of view as well, so things would become fine then.
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August 05, 2018, 03:43:01 PM
 #109

I don't think that it is proper to regulate bitcoin/crypto. I would like to refer to my opinion including but not limited to things you want to voice out. Well, I think if cryptocurrency will be regulated and its implementation would suffice this very day, then all of us in all of a sudden will be outmembered since the government would use this in their own proliferation of money. And I think it will be the best way to get doomed by this poverty. I would like to give everybody a chance by just joining campaign they're helping poor people like us, by just staking/mining/investing. One more thing, regulation means implementation of strict rules that any one cannot be given a guaranteed to join.
Look we need to understand something very important here. I know you and many others do have reservations for legalization of bitcoin. But don’t you think when bitcoin would be accepted and get into legislation for legalization, there would be a proper interference of citizens too. Our politicians can never only think about themselves. They must consider our point of view as well, so things would become fine then.
Put up taxes and regulations on government laws. If you do that people will put up their profits and capital gains on paper and they will pay for it, hell I would love it if I could pay taxes because at least I wouldn't have to hide my profits and be scared and hope government doesn't find out. This lawless way is the worst because we do not know what will happen. If there was a law at least I would know what to do.

After the law states then we can just earn money whatever way we want just like dollar or fiat currency of your nation and then we can pay taxes on it and will not have to worry about it. Regulation may help bitcoin to spread out in short term basis. In long term perspective, we do not need any regulation nor governance for bitcoin to survive.

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RudeeTam
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August 05, 2018, 04:18:57 PM
 #110

It's a big step and a necessary one for bitcoin and crypto to be known to the citizens. With regulations, it means that the Government acknowledges it and makes it seem safer to trade in crypto.

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August 05, 2018, 08:49:17 PM
 #111

Do we need to regulate crypto so that more countries will  allow it?

Related to that, Bitcoin is no different from other devices or resources that must follow different rules in each country.

How to regulate crypto? then, the answer is, Manage the use of Bitcoin as well as regulate other financial instruments.
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August 05, 2018, 09:05:31 PM
 #112

Do we need to regulate crypto so that more countries will  allow it?
This here is where you will meet a heavy divide. On one hand, you have the founding members who have been here since day one. They believe in the original concept and plan for Bitcoin to remain independent and decentralized, straying away from the modern  model of the financial system. These day one guys/gals make up the original core of the community.
    On the other hand, you have your causal investors who see the use in innovation, as well as the potentially profit this platform can bring a few years down the line. These members want to comply with the already existing laws and regulations, hoping to gain acceptance from the governments in order to navigated the scene legally.
   It really is a power struggle. I'm not 100% sure, but this may have been the cause for the forks. Not everyone was looking to turn profit with the split. Some supported it with the beliefs that hold true to the original idealogy the project was founded upon.
If you look way back then and start to compare the scene to now. Who would have known it would have made it this far?

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August 05, 2018, 09:26:13 PM
 #113

Do we need to regulate crypto so that more countries will  allow it?

I dont think we should.
Crypto is borned to be decentralized. No individuals should regulate it by any ways.
In order for more countries to allow, we just need to give it more time. The market is too young know we cannot tell.
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August 05, 2018, 09:26:24 PM
 #114

Firstly, an international commission should be established where representatives from many countries take part. Afterwards problems in the market should be identified and regulated accordingly. But it seems to be early for this.

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August 07, 2018, 06:11:47 AM
 #115

Some level of regulation is needed, especially if we with to see crypto more as a currency. First, cryptos must be very stable(for example tether, which usually stays in the $1 equivalence zone). Regulation will mean that volatility should reduce remarkably. And here is the case market is driven by demand and supply. It becomes extremely monumental to control forces of demand and supply of fixed coin/tokens in a decentralized environment.
I think we can't make it become stable if you mean by price. Because it has depend on supply and demand on the market, so there is nothing to comparing Bitcoin with USD value or any local fiat just if want to be regulate it.
But i was interesting if regulation could be makes in some level, such an example accepting Bitcoin as digital currency with such tax term condition or what about only some fields business that can accept Bitcoin as digital payment likes Retailer shopping, Hotels, travel agent, exchanges currency, etc.
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August 07, 2018, 06:41:16 AM
 #116

yes all need a rule if you want to get legalized or recognized in the country, because if there are clear rules, then we as users or holders of the crypto currency will be more comfortable and get legal protection from the government
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August 07, 2018, 07:20:32 AM
 #117

The regulation of cryptos is not our main problems , in each country that we are residing , will accept cryptos then they are the one who regulate cryptos if the cryptos will be legal in that certain country, where the cryptocurrency is legit.
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August 07, 2018, 07:44:04 AM
 #118

There is no inevitable connection between the regulation for crypto and being recognized by more countries, besides, i even don't think that crypto needs to be regulated because decentralization have no need of regulation.
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August 07, 2018, 07:46:31 AM
 #119

Do we need to regulate crypto so that more countries will  allow it?

I dont think we should.
Crypto is borned to be decentralized. No individuals should regulate it by any ways.
In order for more countries to allow, we just need to give it more time. The market is too young know we cannot tell.
Regulation will not change its decentralized form, it will only put some laws into place in how people act within the space. Let's face one thing, a lawless space is a sinless space and this is why there would always be so much scam, and everyone doing whatever they please if an AML procedure is not put into place. I have never been a fan of centralization, but it is obvious that since this is a global thing, and human nature is prone to greed which is why negativity hovering round the space because of lawlessness, will affect its growth one way or the other.

As long as protocols of any token or coin is not changed, it remains decentralized and as long as regulation and some laws are in place, it makes it easy for growth as investors and institutions tend to feel more relaxed with the space to invest and the more the money flow, the more it is for the market to enlarge.
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August 10, 2018, 10:13:43 AM
 #120

I don't think crypto should be regulated at all. Finally, we have a tool that can make these regulations, tariffs and taxes obsolete and expose how useless and harmful they are.

Yes, if somebody starts regulating the cryptocurrency, it will turn to something that will not differ a lot from fiat. Everybody is happy with the crypto as it is decentralized.
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August 10, 2018, 10:35:53 AM
 #121

Do we need to regulate crypto so that more countries will  allow it?

Regulating crypto is an oxymoron since crypto is based on decentralization and regulations are centralized - unless you create a DAO for regulations.
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August 10, 2018, 10:58:47 AM
 #122

I think there needs to be a crypto bond and state, where the state gets the result of crypto, it aims to maintain the crypto and convince investors.
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August 10, 2018, 11:06:50 AM
 #123

Do we need to regulate crypto so that more countries will  allow it?

I agree on your idea, To other countries allowed the cryptocurrency we must regulate it and has a great result of it.Infact it has a possible to many countries allowed crypto/bitcoin to use by their people because there's a lot of great effect on it rather than bad effect.
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August 10, 2018, 11:08:58 AM
 #124

I don't think crypto should be regulated at all. Finally, we have a tool that can make these regulations, tariffs and taxes obsolete and expose how useless and harmful they are.

Yes, if somebody starts regulating the cryptocurrency, it will turn to something that will not differ a lot from fiat. Everybody is happy with the crypto as it is decentralized.
Crypto will not be the same anymore if there's regulation, there's a need for regulation just to expand the adoption of crypto.

But the way on how they will regulate it is a question.

We're here because we like on how crypto's are decentralized and there's no need for the intervention of the government but if we need to expand and add more investors, they can work for it.

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August 14, 2018, 05:09:56 AM
 #125

I don't think crypto should be regulated at all. Finally, we have a tool that can make these regulations, tariffs and taxes obsolete and expose how useless and harmful they are.

Yes, if somebody starts regulating the cryptocurrency, it will turn to something that will not differ a lot from fiat. Everybody is happy with the crypto as it is decentralized.
That is a very valid point you made. It will not behave like an independent unity but will rather be regulated by the authorities and will loose its importance and its charm.

Besides, there will be this element of uncertainty among the investors about the implementation of taxes on the earning that comes form crypto and majority of them just would not invest their money anymore. Risk is inversely related to the demand for crypto and can push down the demand for a crypto after any such policy is implemented that disturb the value of crypto.
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August 14, 2018, 05:24:09 AM
 #126

I think we just need to wait.
Bitcoin price is so unstable right now. We just need the market to grow and become like "mature" so that everyone will trust it more.
In order to all other countries to accept it, we need a lot of actions from the goverment of those countries and other financial instutitions.
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August 14, 2018, 05:30:47 AM
 #127

Do we need to regulate crypto so that more countries will  allow it?
Adjusting Crypto is very difficult. I expect a revolution that governs everything that is transparent and is believed by more countries around the world. But that seems very difficult to happen.
Things are being run by whales and the market is still not protected by the SEC. Crypto's future is blind. Cry

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August 14, 2018, 06:55:03 AM
 #128

I actually expect a regulation soonest. Truth be told, absence of regulation is limiting mainstream adoption of cryptocurrency and is high time that relevant authorities such as SEC develop an appropriate framework for its adoption.
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August 14, 2018, 07:26:38 AM
 #129

Yes of course! A regulation over crypto currency will ease the minds of government officials. I mean the stock market itself is reculated enough and still financial crimes happen, what more on an unregulated system such as crypto currency. We can sleep at ease knowing that the price won't be manipulated or we be screwed over by a shifty ICO.

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August 14, 2018, 08:08:48 AM
 #130

In truth, I'm on the fence about reculations before. But as i see more and more fraud in the market concerning bogus ICOs and people claiming that people should invest on Bitcoin but in the end tuns off with their money i kind of think that regulations isn't a bad thing. Besides, you can always look for a loophole not to pay taxes.

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August 14, 2018, 08:37:30 AM
 #131

Do we need to regulate crypto so that more countries will  allow it?
I don't think anyone can manage the crypto at any time. because crypto has never been approved in various countries from the past. so it's very impossible to set it up. and I think only we alone can manage the crypto.
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August 14, 2018, 09:35:02 AM
 #132

One of them is by monitoring local exchange, because local exchange is a portal where abuse of cryptocurrencies starts and ends. Supervision can be done by KYC on new users who will register in the local exchange.
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August 14, 2018, 11:01:12 AM
 #133

The nature of crypto is decentralized. it can't regulate something decentralized, it's impossible to do it. The real problem is how governments will try to shutdown cryptos because they will try it...
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August 14, 2018, 11:13:34 AM
 #134

I have to agree here. If you want something that is decentralized, you can't really regulate it. At some point a currency will need to exist that is "buyer beware". We have all sorts of regulated safe currencies and safe markets. At some point there has to be a market/currency that simply is not regulated. If after all these other safety stickers and markets that make sure people don't get screwed, you still decide to get into crypto, then it should be your own damn problem. Deregulation is not a bad thing, its only a bad thing when absolutely critical systems are not regulated, crypto is not a critical system, its just another currency that nobody is being forced to use. You could go your entire life without knowing what it is or even seeing it. The regulation should come if bitcoin ever gets big enough for major companies to start putting peoples 401k into it. THEN, the regulation should be on the company side who decides to put your money there, not on bitcoin as a whole, bitcoin doesnt know, it doesnt care.
What about manipulation of cryptocurrency. People with mass amounts of money can buy and sell huge amounts of Bitcoins, for example, which affects the prices. These kind of things also cause volatility. I agree that people need to be responsible for their decisions. If they choose to invest in crypto, they need to be prepared for potential consequences. If we want crypto to be a viable currency, we need more stability don't we? How can you could on crypto for general use, if you can never be sure what it's value will be tomorrow?
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August 14, 2018, 11:17:47 AM
 #135

the first thing that must be done to legalize crypto is that there must be a law that regulates digital currency.without this law the government will find it difficult to do so

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August 14, 2018, 11:26:32 AM
 #136

Do we need to regulate crypto so that more countries will  allow it?
I don't think anyone can manage the crypto at any time. because crypto has never been approved in various countries from the past. so it's very impossible to set it up. and I think only we alone can manage the crypto.
You don`t need to think about it, miners have the biggest power when it comes to network decision making. We alone can`t do nothing, you need to contribute to network and only like that you have some vote. Cryptocurrencies are already regulated, that has been repeated here many times, you know total coins supply, you know the way of distribution, you know how you can use them, what governments can do is to regulate, or to try to regulate usage in their own countries, they can do that by controlling some services, but do you think they can control all of them? It`s decentralized network it will be hard for anyone to control it, but many will try, count on that.



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August 25, 2018, 10:18:44 AM
 #137

I would rather moderate amount of coins to be traded by individuals per day. So the volatility will decrease.
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August 25, 2018, 11:06:49 AM
 #138

Do we need to regulate crypto so that more countries will  allow it?
It is very difficult to regulate the cryptocurrency. Regulation and government interference is certainly the biggest challenge facing cryptocurrency today. However, regulation for Bitcoin will be good. It will increase legitimacy and will make it more acceptable to the mainstream.
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August 25, 2018, 11:33:30 AM
 #139

It might be regulated within a country only but to a totality it maybe just so hard to do because each country has its own economic status, rules and laws which might be different from the other. And even so, still the prices for the cryptocurrency will always be hard to regulate because it relies on the supply and demands for the certain coin.

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August 25, 2018, 03:54:07 PM
 #140

Do we need to regulate crypto so that more countries will  allow it?

Many questions concerning the future of any cryptocurrency are reduced to how it will affect public administration. Another question is whether it can become mainstream. The fact that the cryptocurrency does not depend on the banking system makes it even more attractive. But the risk is that many still do not trust the new technologies and to some extent they are even afraid of them. Therefore, it is difficult for them to abandon the traditional system and start using Bitcoin, Ethereum, and, indeed, any other cryptocurrency. Another danger is public administration.
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August 25, 2018, 05:17:49 PM
 #141

yes it should be with the regulation in crypto in various countries, the country can control the current dimarket in the country. and if that happens it will feel safe to transaction.

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August 25, 2018, 05:25:08 PM
 #142

I think the regulation of cryptocurrency will help countries in diverse angles. The government is various countries will get to know more about crypto and clear all misconceptions about crypto.

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August 25, 2018, 05:28:52 PM
 #143

I think the regulation of cryptocurrency will help countries in diverse angles. The government is various countries will get to know more about crypto and clear all misconceptions about crypto.
Uncertainty at this point, may be what is holding bitcoin back. But since bitcoin is global. Its going to be a a patchwork of regulations depending on where you live.
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August 25, 2018, 05:47:11 PM
 #144

Do we need to regulate crypto so that more countries will  allow it?

Yes. Anything that a government couldn't regulate will not be accepted by it. A lot of reasons are considered by government but one issue is the most, and that is security issues.

It can possess as a threat to a countries economical system.

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August 25, 2018, 06:15:13 PM
 #145

We need to make cryptocurrency known to all and all known to cryptocurency. There are numerous projects being brought up by people all over the world and thee projects will help to stabilize most economies. 

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August 25, 2018, 10:21:32 PM
 #146

Regulation and policy development is the core requirement that can make cryptocurrency to become globally accepted, as the absence of government influence is a major cause why lots of investors do not want to get involve in the community.
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September 11, 2018, 01:51:33 AM
 #147

when crypto is regulated, the first thing is to be able to make the value more stable. because if crypto is regulated and legal, crypto will be a very effective payment instrument. not as an investment that aims to get big profits.
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September 11, 2018, 06:40:21 AM
 #148

Do we need to regulate crypto so that more countries will  allow it?

I think if we want mass adoption on cryptocurrency, regulation needed. In many emerging country, government prohibit bitcoin for payment in merchant and if government issuing regulation on crypto, it will good for mass adoption

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