How to regulate crypto?

[cryptoreal6]

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

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1715386054

[Lagrood]

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.

[charlzyeby]

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.

[Aveatrex]

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.

[SIIP]

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.

[bobo012]

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

[Gadhoh]

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]

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?

[batang_bitcoin]

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.

[CHENIEN]

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.

[hugeblack]

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.

[seizetehday5]

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/

[sheenshane]

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.

[richminded]

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.

[Nerman]

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.

[Falmera]

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.

[chaser15]

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.

[santosummer]

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.

[Hydrogen]

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):

[Daboy_Lyle]

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.