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Author Topic: Why do we need to regulate digital money  (Read 3339 times)
royalcrypt
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September 19, 2018, 09:57:18 AM
 #781

I would like to add one more thing which is market manipulation. That's also one of the big reasons we need regulations. Regulations on cryptocurrency could be a game changer because that way we might see mass adoption very soon.
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Cruzz1999
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September 21, 2018, 05:37:30 PM
 #782

'm just a small investor. what does a small investor mean to regulate the bitcoin world? if I do not want to take a headache. the important thing is I keep investing and learn smart in investing of course with experience with incident that I have experienced
SIDDHI777
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September 22, 2018, 02:44:10 PM
 #783

Digital currency is to change the world, many of which were positive, to a certain extent, they pose a containment of the government, gave the people an alternative, but that doesn't mean they don't need to be regulated.


One of the core reason is: anonymous, do not track, not regulated digital currency will make form a closed loop technology crime, money laundering and terrorist, and disappear from unsolved bits, bytes, while the impact damage with each person in this world.


If every penny of extortion is tracked, is there enough motivation and courage to launch a WannaCry to attack the world?

I agree with you and what you have mentioned is correct but the main question should be not "why do we need to regulate digital money" but "How we should regulate digital money" because majority of token holders wants to see digital currencies getting regulate but the difficult part is to make it happen   
jakezyrus
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September 22, 2018, 02:49:41 PM
 #784

for me , i dont agree with it because i heard that when digital money is regulated their value can become stable and being stable means they cannot pumped hard and that simply means we cannot expect to earn huge income in the future but theres still a benefit left because we can now hodl our coins confidently without having to worry about consistent fluctuations .  though i think , cryptos will loose some volume because investors wont find it a good investment anymore .

cryptos will only become a mainstream currency rather than being an asset .

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Ethan Argu
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Today at 04:49:17 AM
 #785

For me, its helpful in some point by using in transaction, pay your bills etc. It makes life easier and convenient for anybody, not only in the business industry. You can use it also in earning money invest in a goodway. Theres a lot of things that you can use. But not at all we can regulate bitcoin by in only good purpose.
rj.raj
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Today at 05:32:10 AM
 #786

Usage of cryptocurrencies, despite recent growth in interest, is still quite narrow, so now it can cope without regulations to more or less extent. But the speed with which cryptoworld is developing is incredible, and soon it will become huge financial sphere, that must be regulated for the security and convenience of usage. Regulation doesn’t mean ban or total control of cryptocurrency — it is just set of rules that helps to manage complex system. The aim of regulation is to set working relationship with cryptocurrencies, and nothing more.
syntac
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Today at 06:03:10 AM
 #787

maybe to do that requires special courage, because the impact is very risky, it can be a war between countries to fight for power to own the full bitcoin share. Hopefully this will not happen in the near future or long, hopefully it is safe.

ay0d1
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Today at 06:45:54 AM
 #788

It is better because it will bring more sanity into crypto market and many more investors will have a bit of confidence to put their money into it
twa
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Today at 06:56:45 AM
 #789

Digital currencies have changed a lot, digital currencies do need to be organized so as not to happen for abuse by criminals, and with those rules will make the user feel comfortable.
I strongly agree with what you convey the good and bad of cryptocurrencies all that depends on the intentions and goals of the investors themselves in fact and requires supervision and monitoring with everything

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