Government regulation on cryptocurrency, GOOD or BAD?

[mrcash02]

Bad. The official justifications seem Ok and good, but on the practice it's only useful to get more money from the common investor to the government's pockets through the taxes. With or without regulations it's possible to track and find terrorists and any other kind of criminals, it's just an excuse to turn regulations more confortable and acceptable for everyone.

Taxes is the main concern of our government and of course they will not let their people to earn more money without paying it so I think its really depend on one government. If they make a decision about thing technology, usually normal people can't do anything about it so if the government bans cryptocurrency in your place, for sure you will be broke. For me good regulations with cryptocurrency is ok for me, it may have a good or bad effect but hopefully its more on the good side.

Indeed there isn't much common citizens can do when a government makes a final decision. But the total passivity and acceptance towards situations like that only give rise to more abuses in the future. A people who accept everything and anything their government impose to them is a weak people.

[tot-o]

In the future some altcoin or ICO project that will be covered by laws and some ICO would be about security and protection assets
.... but we are expecting also ICO that will continue to grow independently and choose to stay decentralize...

[zakariajaki]

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?

of course I agree with that when there is money laundering certainly suffered huge losses not only the government but also the people, as long as the regulation that save the people sata agree but when the government limits its community to follow the crypto I think it's bad news, the government when the limit means the government is not open to economic and technological developments, may be useful

[Samaaliu]

As usual, there are always two sides to a coin. A situation will most always have both advantage and disadvantage too. To me, it is good if the intent is right. That is trying to prevent money laundering, ICO frauds, and other crimes.

[CarnagexD]

of course it's a good thing for bitcoin with the existence of the rule then all will be safe safe and when the government later apply cryptocurrency system then we must obey it

Government whom critical on Bitcoin Digital transaction or crypto currency, would want to Regulate the business transaction with the use of crypto, for reasons which is not clear to us except, the use of crypto transaction for money laundering, Illegal money transaction with the payment for drugs and other illegal items which under the Regulation of this government, some want to Regulate because of Taxes which they wanted to imposed on every transaction.

[Bitkoyns]

It can help for the ICO's to run legally so it will be a help for the people specially those participating in ICO, and of course it will not end to that regulation it should be broad that also investors will be protected.

[Shenzou]

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?

Honostly I don't mind any of these regulation, as long as I could use bitcoin freely and be able to pay for things directly with it in any supermarket or restaurant, than I would not mind governments accepting under the conditions of providing identity, because I am not afraid of them where my money is going because I have nothing to hide, and if people don't use it for illegal things than they would definetly accept it.

[jaysabi]

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?

Anyone arguing KYC is a bad thing is probably a scammer or someone who launders money from illegal activities. Our economy is thrives because people are accountable for bad actions, and KYC is a necessary component to holding bad actors accountable and minimizing fraud and illegal activities. Government's forcing KYC on crypto is undoubtedly a good thing. There's a lot of whining and complaining about what governments do or stepping on 'muh freedoms,' but the fact remains that governments main responsibility is to protect individuals from people who seek to do harm, and that includes fostering a stable and transparent economic and financial system, which is the sole goal of KYC.

[burnchan]

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?

Regulations have both good and bad impact.  The good thing with regulations will help the crypto community minimize the scam ICOs. Submission of documents are required as proof the the a certain company is legally operational.  The bad impact of regulation would be taxation.  Our potential earning will become lesser because of the tax deduction.  However,  I would still prefer regulations because of the scam ICOs.  If all IcOs are legit,  then the efforts and investments will not be put into waste.

[ucingucingan]

I think that's a good thing, it means the government has accepted and admitted crypto currency so that public trust will increase, and this will automatically attract new investors to buy bitcoin in large amounts of course this will make the bitcoin price of other crypto currency funds soar

[tiurminator]

With government regulation, the more people will accept cryptocurrency and hope it will reduce scam and fraud.  I think it's a GOOD thing.

[DgurJIupyf]

On the one hand, it is good that the government will introduce blockchain technology, but on the other hand, I believe that the blockchain represented by the bitcoin product should be outside the state. It is on the principle of Dark net.

[carlisle1]

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?

For us to have all peace of mind we must accept that the governments is on our top so the very reason for us to feel free working and earning here,is let our governments to put taxes.policies and all the things they need to givr us to allow the cryptocurrency in their respective countries.thats the simplest way for freedom

[posi]

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?

For us to have all peace of mind we must accept that the governments is on our top so the very reason for us to feel free working and earning here,is let our governments to put taxes.policies and all the things they need to givr us to allow the cryptocurrency in their respective countries.thats the simplest way for freedom

We both not that we can't trust much in the government because they have a way of making things they wanted it to be without caring about how it affected their people but we still the government though due to the legality of cryptocurrency and I don't see anything bad in the KYC issue if it was truly meanrt to spot illegal or abusive activities in the cryptocurrency world.

[maaydin]

in some way it is a good thing becuase people would be able to use it more regularly and without fear of it being illegal as the majority thinks btc is illegal or there is no any way to cash it out.

[poorwhale]

Theres a good side and bad.. good side a lot of people will not be afraid to crypto anymore but the bad side is it might be controlled by regulations

[aeternus]

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?

It will depend on the kind of regulations governments create, if we take Japan as an example Japan has created a good regulation that has as its objective to protect the investors but it was done with the interest of people at heart, so their regulation is good, but in other countries they are treating crypto holders as if they are criminals so those kind of regulations are not good for us or the market.

[Ararbermas]

Honestly  it's good.  And for sure if the government regulate crypto currency there will be a massive increase again in the market 'cause that is the advantages  when the government or countries regulate cyrpto like what happened before. Which is because of being regulated the demand and supply in the market  has a tends to increase gradually and can cause crypto market price as well to suddenly reach the ATH again but it depends on the hands of government.

[zeingrind777]

I think it's good. There is nothing wrong with KYC as long as we use cryptocurrency in a good way and not abused. Even I think it should add tax regulation to the crypto holders

[yndye]

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?

It's good for me because it would make more people trust cryptocurrency and not just easily scream it is scam. Registration of ICOs is also good because there are so many scam ICOs nowadays and it would be good if they get the approval of the government because in case they do something wrong then the government would be able to reprimand them and the investors would be able to find a case and they would be in jail. We would like to do that to the team behind those scam ICOs but its hard to trace them due to lack of regulations.