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Author Topic: Government regulation on cryptocurrency, GOOD or BAD?  (Read 1788 times)
Changadithethor
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September 06, 2018, 01:59:57 AM
 #401

Well i think that its the only way because it will be very very hard for cryptocurrency to be mass adopted if government dont want to support or even allow it. The entry of more players into the market and the increasing popularity of crypto-currencies, the rapid introduction into all areas of use.
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September 06, 2018, 02:36:15 AM
 #402

The regulation of cryptocurrencies is a double-edged sword!
On the one hand, it can reduce the criminal activity of cryptocurrency, on the other hand, the privacy of cryptocurrency is threatened and challenged!
In general, supervision is more good than harm!
but for the sake of developing a better BTC, i think that government regulation is needed. this is related to enthusiasm of investors who will participate in its development
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September 06, 2018, 02:45:18 AM
 #403

Under the government admits that cryptocurrency could develop better. However, in the midst of that the people will invest in cryptocurrency without any fear losing their money through market collapse. The governments have great influence on the crypto market as they contribute significantly to the FUD in people.
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September 06, 2018, 02:50:21 AM
 #404

I came to a realization that government had stepped in already in some countries who are accepted and acknowledge cryptocurrency existence. In fact they made a regulations that has made some negative and positve reactions over the implementation of cryptocurrency regulations like doing KYC (Knoy Your Client) on local exchanges, Registering ICO projects to the government agency concerns and etc which purpose is to prevent illegal or abuse in the use of cryptocurrency from money laundering, funding terrorist groups and etc. Well can you say about this regulations, GOOD or BAD?

somehow good because if a government accept the use of cryptos, with the intentions of controlling fraud and schemes, regulating the exchanges can boost trust issues for new investors, assuming crypto trading and crypto transactions are legal, more and more investment will think that crypto is now safer, but ony if the intentions are moral and sincere, but if the goals is to milk more money with it is another story. let just hope that it will be pro-poor and anti-monopoly and not political.

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September 06, 2018, 07:10:32 AM
 #405

it's good and thats one of the problem we are facing on crypto markets right now which is making new investors not coming into it because of the so many manipulation caused by people and many scam projects. with regulations all will stop.
It is good for those who have already invested and built a specific amount of wealth because it will provide additional security to their investment but those who have not invested and are looking forward to invest in the cryptocurrency do not like it and fear it because of the fact that they will loose the money.

It will be a bit hard for them to meet the obligations the government will implement which were not a problem from those who had invested earlier.

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September 06, 2018, 07:25:53 AM
 #406

It's really good if the government regulates cryptocurrency and if this happen then I guess many people will invest in cryptos with having no fear because there are still many people think that cryptocurrency is scam,so it's great for us if they regulate it.

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September 06, 2018, 07:45:00 AM
 #407

This is very dangerous and there is no state recognition and make they are reluctant to invest and find a more certain, for me the legality will add massive adoption and it will be very good.
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September 06, 2018, 08:07:52 AM
 #408

Well i think that its the only way because it will be very very hard for cryptocurrency to be mass adopted if government dont want to support or even allow it. The entry of more players into the market and the increasing popularity of crypto-currencies, the rapid introduction into all areas of use.

minimal regulation will do, as to protect developer and investor interest. and government support on developing blockchain but not owning or control how blockchain and crypto works.
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September 06, 2018, 08:19:55 AM
 #409

It depends on the context of how the regulation will be applied.
The decentralized  structure of noticing will make it difficult  or almost impossible for any government to exact full control over it.
I'm not saying that government involvement is not a good idea.
Amokomowo2005
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September 06, 2018, 08:31:41 AM
 #410

Regulations will make a good effect on the cryptocurrency sphere market as it will make people to have more trust on it with the support of the government.

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Ezenwanyi
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September 06, 2018, 09:00:27 AM
 #411

Regulation is good... but how possible  is it?
I don't think it is going to be an easy "stunt " to pull off, considering the fact that bitcoin is a decentralized  virtual currency.
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September 06, 2018, 09:51:59 AM
 #412

I think it's good. because there would not have been any kind of criminal showdowns and conflicts it is necessary to regulate it

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September 06, 2018, 02:19:42 PM
 #413

The government made regulations regarding cryptocurrencies in my opinion that is good. The government must be prepared for the development of digital assets today, which requires them to issue special rules regarding digital assets so that the government can monitor and obtain transaction data on digital assets. Volatility of cryptocurrencies values and fluctuations when transacting or used as payment instruments can affect financial system stability. Regulations made by the government can help to create a comfortable investment climate and protect consumers, and prevent money laundering or financial crime.
The government cannot remain silent with the rapid development of the cryptocurrency.

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September 06, 2018, 02:29:51 PM
 #414

If the regulation that we ate taling about is just in being legal of the cryptocurrency, then it is a good thing. Also it would be a good thing if the regulation would just focus on preventing on abusing this innovation. Of coyrse, there's always a bad thing in everything. But I think those bad thing would just came out if the regulation we are taling would not be done properly, or systematize. There are different context in different places, thus, considering it as good or bad would be just confined on the specific place where the regulation were set to takes place.

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September 06, 2018, 02:34:59 PM
 #415

Someone is using the right policy in relation to bitcoin, someone just wants to draw money.
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September 06, 2018, 03:05:46 PM
 #416

If the regulation that we ate taling about is just in being legal of the cryptocurrency, then it is a good thing. Also it would be a good thing if the regulation would just focus on preventing on abusing this innovation. Of coyrse, there's always a bad thing in everything. But I think those bad thing would just came out if the regulation we are taling would not be done properly, or systematize. There are different context in different places, thus, considering it as good or bad would be just confined on the specific place where the regulation were set to takes place.

Yes, this will all depends how governments will regulate it and use it, maybe we cannot avoid if ever it will be good or bad. But I am just hoping that all of this will be good to all of us.
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September 07, 2018, 02:44:00 AM
 #417

In the midst of that the people will invest in cryptocurrency without any fear losing their money through market collapse. The governments have great influence on the crypto market as they contribute significantly to the FUD in people.
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September 07, 2018, 03:18:01 AM
 #418

Government rules and regulations are good on one side and bad on the other hand. Because the rules of government rules you must maintain everything according to your rules. The bad aspect is that you will not have the freedom. Regardless of will, you have to maintain the monotony rules.



I think this is a very good realization for some members who actually speculated disloyalty to the government for their participation. Therefore the government's participation is not BAD at all but brings goodness to people who love cryptocurrency.
This is what I think too, that having a cryptocurrency regulated by the government is a good sign that the country has accepted and that it would be good for people out there who like to be involved in cryptocurrency investment.
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September 07, 2018, 06:17:58 AM
 #419

It depends on the context of how the regulation will be applied.
The decentralized  structure of noticing will make it difficult  or almost impossible for any government to exact full control over it.
I'm not saying that government involvement is not a good idea.

I think government regulation applied on profits we made from our trade. Regulation does not mean change cryptocurrency structure, if the coin from the first time using decentralized system, i am believe it will still decentralized.

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September 07, 2018, 06:47:21 AM
 #420

I think global regulation given by the government for cryptocurrency is not very good and bitcoin should not be controlled by the government because the circulation of bitcoin can only be controlled by buyers and sellers.

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