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justspare
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June 19, 2018, 07:12:42 PM |
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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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"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
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BitNaija
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Activity: 322
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June 19, 2018, 08:09:43 PM |
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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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linesretweetG
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June 19, 2018, 08:12:28 PM |
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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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Rath_
aka BitCryptex
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June 19, 2018, 08:21:53 PM |
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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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GotNow
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June 19, 2018, 08:34:39 PM |
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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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AjithBtc
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Vave.com - Crypto Casino
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June 19, 2018, 08:39:14 PM |
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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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Xardasim
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June 19, 2018, 11:41:40 PM |
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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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ophyrim
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June 20, 2018, 11:09:23 AM |
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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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iv4n
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June 20, 2018, 11:25:04 AM |
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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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vlad230
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June 20, 2018, 11:43:29 AM |
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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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Insanerman
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June 20, 2018, 02:04:00 PM |
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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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liuqi
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LuckyB.it is Back!
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June 20, 2018, 02:37:39 PM |
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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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Smitt
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June 20, 2018, 03:14:28 PM |
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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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DMCR lah
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June 20, 2018, 03:46:00 PM |
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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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Yakamoto
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June 20, 2018, 03:48:04 PM |
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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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pellor mas
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June 20, 2018, 04:07:49 PM |
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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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semobo
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June 20, 2018, 04:13:15 PM |
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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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carlisle1
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June 20, 2018, 04:15:57 PM |
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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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v3liana
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June 20, 2018, 04:19:33 PM |
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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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Maveth13
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June 20, 2018, 04:30:55 PM |
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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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