Government regulation on cryptocurrency, GOOD or BAD?

[Morgann]

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?

Government will always create regulations depending on how the cryptocurrency is affecting their country so it might be good or bad sometimes.

[mybtcasset]

government regulation may stop some percentage of scam but in reality, we can't completely control the cryptocurrency market by government or any central bank it is beyond regulation

[Kelvynn]

the regulatiion on cryptocurrency by government is really good.this is because the regulation by government has really helped in protecting local banks and other financial institutions in other to create other employment avenues for it citizens.also the government regulation has limit the amount of investment

[Duzter]

At some point it is a bad move, because the regulatory compliance help governments have control on bitcoin usage. This will cause it go similar to centralized investments which is not good for bitcoin. Another side people who have been under panic on making an investment over bitcoin will start to invest without any kind of fear.

[hisuka]

Accepting and legalizing cryptocurrency would be a good thing for all. Cryptocurrency is like any other form of financial investment. It has a lot of risks, but the profit it brings is usually huge, the profit can be several times the initial investment so accepting cryptocurrency is a must.

Their is a consoquence to the users as this regulation may good and bad. It may good to the users that cryptocurrency are legally accepted and it will brings more new users to the community. It may bad if the government will implement huge taxes to the users so a lot of things can happen.

[easydrawrex]

It is good that the government will be open to new opportunities and new programs if they adapt cryptocurrency in their respective countries because it can give jobs to the jobless people and for those interested investors. What I don't like to happen is that if the government will try to manipulate or control cryptocurrency in the country. Cryptocurrency will not be controlled by anyone in the government thus it is just a big opportuniyu waiting to be valued and improved but not to be controlled.

[East2011]

I think there is a good effect if government will regulate cryptocurrency. They can make cryptocurrenncy more secure. Especially from scammers.

[Lomberjack]

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?

Government is now up into their governance into the acknowledgement of cryptocurrency usage because they are aware that there might also be a negative effect associated into using up cryptocurrency which is also associated from the positive effects it can give to its people. So to somehow lessen or avoid such thing to come into reality, they are doing certain regulations to control things up with their hands so they can still sustain that proper handling among their people to avoid realistic chaos to come because of greediness and any negative manner too much usage of cryptocurrency might bring.

[chaoscoinz]

For a scene that emerged from damn near scratch online, to be being a global platform that is starting to see major recognition around the world, Bitcoin has come a long way! With all of this news on regulatory bodies issuing statements and some countries outright unleashing the ban hammer on crypto, the price is somewhat stabilizing.
    I'd say these regulations are needed in order to establish compliance, in what seems like an almost lawless frontier that many say resemble the old wild west (metaphorically speaking).

[Rufsilf]

I think there is a good effect if government will regulate cryptocurrency. They can make cryptocurrenncy more secure. Especially from scammers.

Yes that is one of the most obvious effect of the regulation for the cryptocurrency because there will be a high security for the cryptocurrencies and so the scammers will not have any chance to take advantage of the people's ignorance because they can't execute their plans because of the regulation.

[gilangIDR]

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?

Until now the decision that applies to crypto can still be said to be balanced. This means that some governments support the development of crypto and others reject the development of crypto for various reasons. A government that supports crypto must have reason that crypto will be very helpful in economic development in a country because crypto can facilitate speed, security and convenience. While for some countries that reject crypto they argue that crypto is a very risky thing because of rapid and sometimes uncontrollable price changes, it is very possible to create economic turmoil in a country when the government is not ready to cope.

The most important thing now is the regulation, because when there is a definite regulation then the development of crypto can be more controlled and negative things can be avoided. All of us just need to wait for the government's decision now, when governments from different countries make a rule about crypto it will determine how the future will be achieved by crypto.

[mazesta]

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?

This rule is very good and can reduce the number of ICO scams and abuses. this regulation in which country? because my country has not made a good rule for the progress of cryptocurrency,

[nickwen]

I think regulation mean that cryptocurrency is legal in that country.  So it is GOOD.

I also think this is good. If the government does not regulations cryptocurrency, then surely the government will still think that cryptocurrency is bad for their country. The cryptocurrency has government regulations; I think the price of the crypto market will be stable and not manipulated

[The cure]

For me,it is really good if the governments in every countries will have a regulations on cryptocurrencies. It seems like a crypto legalization,and the governments will also be benefited through by collecting taxes,where people are primary beneficiaries for every projects that will be done with collected taxes. Also,people will have no doubts on every time doing any crypto activities.

[the13thsymphony]

It will always depend on who the regulation is implemented by the government. As long as the users of cryptocurrency will be the one who will benefit in the end then no matter what kind of regulation may it be KYC or DAICO for ICOs then it is all goon in the end as cryptocurrency will be legalized on that country.

[hsyncl]

I think it has a positive effect. Because most people are looking at whether the state is in business when they invest. If the state supports such a formation, the amount of investment now is very comfortable.

[Ava Duvall]

Definitely is a good thing for Bitcoin. With the right regulations will protect all the investors and big investment companies will get in only with the right regulation to protect themselves. Also, it should take care of some the scams out there.

Government regulations are definitely needed to an extent. not over doing it by banning but controlling enough to block illegal activities and black market scams

[metenjean]

Its a good thing for a long term growth, government regulation for cryptocurrencies can reduce scam which occurs and mainly become the biggest factor why people avoid investing in it. Also these kind of law can help to control ICOs which keep generating everyday hoping to beat bitcoin or at least make some investor become a billionaire overnight. On the other hand, these kind of regulation takes time and in the mean time i think bitcoin and other crypto still taking pressure waiting the law to be finalize.

[Adamant06]

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

For me I think it depends on the country and its people. Crypto that regulated by government is a real deal that needs to be fair for both parties. Any concerns in both party should be address to people and its government to have an equal realtionship and to its beneficiary.

[carlisle1]

Its a good thing for a long term growth, government regulation for cryptocurrencies can reduce scam which occurs and mainly become the biggest factor why people avoid investing in it. Also these kind of law can help to control ICOs which keep generating everyday hoping to beat bitcoin or at least make some investor become a billionaire overnight. On the other hand, these kind of regulation takes time and in the mean time i think bitcoin and other crypto still taking pressure waiting the law to be finalize.

Youve got it right there mate,thats why i am PRO government regulation because im not afraid of paying taxes and not afraid being known by the government as long as im not into illegal activities and anu other criminal related actions

This may bring healthy community and large amount from the investors as people might have an assurance from legalizing countries