Government regulation on cryptocurrency, GOOD or BAD?

[smartemo]

Its good decision to regulate on cryptocurrency.in case government will developed simultaneously.

[Naida_BR]

I believe that regulation is good although i am not in fond of government regulation. We need some restrictions in order to reduce scam projects but in a decentralized world we do not need centralized regulatory.
I also think that government regulation is needed in platforms that connect crypto with fiat world like Coinbase, Kraken etc. We cannot overcome regulations there due to the assosiation of in and out worlds.

[netil]

While government regulations do not have time to catch up with the market. As a result, they are more of a hindrance than stimulate its growth. In the future, when officials stop fearing creep the situation will change.

[Alert31]

    I think if Government regulate cryptocurrency there is good and bad effects. Good because we can use cryptocurrency legally and freely without fear and doubt. Bad because we are obliged to pay taxes and follow all the rules and regulation implemented by the government.Decentralization and anonymity will disappear. Maybe there are a lot of limitation in using cryptocurrency but it depends on the governments regulation.

[jaysabi]

    I think if Government regulate cryptocurrency there is good and bad effects. Good because we can use cryptocurrency legally and freely without fear and doubt. Bad because we are obliged to pay taxes and follow all the rules and regulation implemented by the government.Decentralization and anonymity will disappear. Maybe there are a lot of limitation in using cryptocurrency but it depends on the governments regulation.

Even if it's not regulated, you're required to pay taxes on it. Regulation doesn't mean taxes. Regulation means control over how it's used for trade or investment. In the United States, it is both currently unregulated on the federal level and you are still required to pay federal taxes on your crypto gains. Regulations are aimed at the businesses that deal in crypto, not the individual user. If there's currently something that's illegal to do with cash, it's currently illegal to do it with Bitcoin. There will be no additional restrictions on you that don't already exist.

[furry04]

In my opinion they can be considered as good because it will serve too much for the adoption of btc itself where so many businesses and people would know that they are not using an illegal currency as many of them think so.

[Coinworld98]

With the rising rate of fraud and scams in the crypto space particularly the ICOs, I don't think regulation by the government is a bad idea. It is a right move.

[Eigig]

The government regulation on cryptocurrency, will be implemented if cryptocurrency will really be accepted and legit in a certain country, it be truly decentralized because government  will governs and monitor the activities of this cryptocurrency.

[jeronimosuykens]

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.

A cryptographic government must have reason to believe that cryptography will be very useful for economic development in a country because cryptography can facilitate speed, security and convenience. While for some countries the encryption declines, they argue that cryptography is risky because rapid and sometimes uncontrollable changes are very likely to cause economic turmoil in a land. when the government is not ready to deal with it.
In fact, they have implemented a number of regulations that have put forward some negative and positive responses to the implementation of electronic money regulations such as the implementation of KYC (Knoy Your Client) on the local exchange Signing up ICO projects with government concerns,...

[BaraxLo]

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?

Some people here are thinking that when cryptocurrency ‘ starts to be regulated by the government that it will take away scammers and end volatility and all those other stuff. But that’s totally wrong, government regulation might even make everything to be worst.

It can’t stop, and its also not going to end hackers, it will all still continue and they will also add tax to it and we will all begin to pay tax despite the fact that nothing changes.

[pedangrusak]

the country will surely want to provide security protection and stability to the community for this is what makes the basis of regulatory arrangements. Incidentally in our country cryptocurrency is still prohibited because the instrument has not yet had clear regulation and the exchange rate fluctuation is very high until there is appeal to the public to be cautious in investing cryptocurrency especially bitcoin. the reason for the extremely unpredictable fluctuations makes the investment risk to be very high and the state does not guarantee it in the event of a loss. so until now cryptocurrency is still considered taboo and scary in our country

[Lexurdania]

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?

I am believe regulation from government is needed and its good for crypto communities. With government regulation, scam ICOs able to eliminate and investor in market more confident with their portfolio.
We are living on the world that depending on banking system and we can remove it without regulation because banks infrastructure is very solid

[Epimetheus]

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.

In my opinion regulation of bitcoin by government can be good and bad. Depend upon different circumstances. Bitcoin is a independent currency because of this their is irregularities present in its production and distribution, if government regulate it then its price will be in control and its volatility is also in control. If government regulate bitcoin then bitcoin users pay tax and their is no untraceable transaction are done with the help of bitcoin. This thing also help to reduce the criminal activities. Many people may be trust upon it after regulation of bitcoin by government. But people related to bitcoin may be losses their freedom.

[Nisharawal]

This question is little bit tough to answer for now because it has both good and bad views from my side. If Government regulates the crypto market then it will be good for traders regarding their fund's security and trade execution and even exchanges will be performing their work with honesty. But at the same time, it also includes bad points because the government might collect huge taxes and charges from us regarding the crypto trading and investments which will leave us with a small portion of profit with us.

[BitcoinTurk]

I think that the realization of this situation will produce a bad result. The most important detail that makes Bitcoin special and makes it different from other currencies is that it can not be controlled in any way and it is not connected to a country bank. This, of course, also applies to all cryptocurrecy options, and nowadays this element can not be avoided in any way. If the state can control the cryptocurrency in a certain way, then there will be no vision. What's the difference between cash and cash after the check?

[bubble pop]

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 is ideal for a long haul development, government control for digital forms of money can lessen trick which happens and mostly turn into the greatest factor why individuals abstain from putting resources into it. Additionally these sort of law can control ICOs which continue producing ordinary wanting to beat bitcoin or if nothing else make some financial specialist turn into an extremely rich person medium-term

[Popov_popov]

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?

In this picture, nothing will ever change, people will always not like what the government is doing, and they will only do what they want.

[derocas]

With respect to the instance of cryptographic forms of money, it has done great more than damage to generally nations. Directions encourage individuals and financial specialists recognize a specific venture and pull in the regular people into giving it a shot. Likewise, it steers fraudsters and miscreants from utilizing cryptographic forms of money as a vehicle for their plans since they know beyond a shadow of a doubt that cryptos aren't an unknown domain any longer. Be that as it may, an excessive amount of control prompts peril for the advance and development of cryptocommunities and cryptos themselves, take India as a fine illustration. For whatever length of time that the legislatures don't interfere excessively with cryptos and simply authorize controls for misrepresentation and on the stages encouraging exchanges, it's all great.

[rainezerr]

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.

In my own opinion, it was normal for the government to create different cryptocurrency regulations because they did not want their own country to be negatively affected by bitcoins and other cryptocurrency.

[BagzMM]

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?

In my opinion, theirs advantages and disadvantages with regards for regulating bitcoin. If the government would regulate bitcoin then its for the benefits our country for the taxes would proceed to the improvement of one's nation. Bitcoin will no longer used for money laundering and illegal transactions for its govern and control by the government. The disadvantage is that transactions may not be easier for it needs some consent or authority.