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Author Topic: How to regulate crypto?  (Read 497 times)
gorodi
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August 10, 2018, 10:13:43 AM
 #121

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
 #122

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
 #123

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
 #124

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
 #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.
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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jonatuzc
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August 14, 2018, 05:09:56 AM
 #126

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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Fishthatgirl3
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August 14, 2018, 05:24:09 AM
 #127

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
 #128

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
 #129

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
 #130

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
 #131

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
 #132

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
 #133

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
 #134

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
 #135

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
 #136

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
 #137

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
 #138

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
 #139

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
 #140

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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