How to regulate crypto?

[developer101dev]

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.

[darewaller]

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.

[bitcad4u]

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.

[BitcoinMarketer39]

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.

[MainIbem]

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.

[yvesp110]

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.

[timerland]

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.

[pey]

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.

[Morgann]

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.

[BigDig]

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.

[cryptothief]

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.

[0t3p0t]

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.

[Johnyz]

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.

[vintages]

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.

[creeps]

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.

[Dudeperfect]

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.

[squog]

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.

[Quidat]

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.

[acheampong64]

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.

[senin]

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.