How to regulate crypto?

[Flomo]

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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[Kakmakr]

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> 

[neonshium]

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.

[btcyoda]

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.

[speem28]

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.

[slapper]

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

[Rath_]

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.

[Rajamuda]

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.

[zakariajaki]

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

[Siren]

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

[Betwrong]

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.

[wewe123]

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.

[el kaka22]

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.

[Maveth13]

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.

[King Koy]

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.

[Kraken Dead]

I think soon every country will accept all cryptocurrency. We just need to wait.

[Liz D]

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.

[burakdat]

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. 

[Dancobit]

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.

[ityandsyn]

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.