Government regulation on cryptocurrency, GOOD or BAD?

[Eleven86]

Government regulation on cryptocurrency is good only, if the government accepted crypto as legal means then it will be very good for the economic growth of the country. Legalization is depends upon the rules and laws of the country. If it is ok means then tax will be implement then the growth of the country and income of the country would be great. That's why many countries now accepted crypto as legal in their country.

[1715282968]

1715282968

[infested]

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 are good as long as they aren't too strict. They will help with mass adoption as more people will trust crypto.

[vessing]

Regulation of the crypto currency is a very important issue that can not be denied. And to regulate this segment does not mean to strangle it with different sanctions, but to make it free, transparent and reliable. As practice shows, in the absence of a clear regulation, the rights of users can not be protected

[Yaminat]

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 country, the government is very corrupt! Therefore, no matter what law they have adopted, I do not believe that it is aimed at the welfare of people ((

[jlong187]

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 depends on the particular country and particular people in the government system that we will see, some governments like Thailand are doing the good regulations on bitcoin and cryptocurrency that leads them to acceptance.

[Spaffin]

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?

Regulation of the crypto currency by the states is inevitable. There are both positive and negative points. And there are many more positive ones. Regulation, first of all, means that the state classifies the crypto currency, makes it legitimate and takes under its protection, including judicial protection. In addition, the conditions for its circulation are established and, as a rule, its taxation is introduced. All this is generally positive. However, the crypto currency under regulation partially loses its anonymity, because the rules of the holders of crypto-currencies imposed by exchange rules oblige you to register and identify your identity.

[k1ng0fBTC]

I think the government's ban on bitcoins in their countries is something BAD, bitcoin can bring to countries that have not developed some of the projected wages they can make, but that's the economy. Developed as strong as Japan and America.

It would be good for government to accept bitcoin other wise they're wasting there time to stop bitcoins.They can include some taxes on bitcoin but they can't stop it nor they can trace our transaction and control its price.

[Rhegar011]

govt regulations are immutable unless crypto totally want to move away from fiat.

[yohananaomi]

The government clearly wants to provide the best for regulation on cryptocurrency, because the government does not want many to be harmed if it gives wrong regulation.for me the government is right.

[giarised]

I think the government's ban on bitcoins in their countries is something BAD, bitcoin can bring to countries that have not developed some of the projected wages they can make, but that's the economy. Developed as strong as Japan and America.

Bitcoin is really a boost to economy and we must appreciate this fact. There are bad wishers for bitcoin who are continuously making wrong statements and creating FUDs. We need to overcome this and to promote good image of bitcoin, we need to make sure queries must be answered in best possible way. Governments are legalizing bitcoin slowly.

[Janation]

The government clearly wants to provide the best for regulation on cryptocurrency, because the government does not want many to be harmed if it gives wrong regulation for me the government is right.

That is right. The government want to regulate Bitcoin and other crypto currencies in order to protect their citizens from it's dangers like scams and frauds.

They also wants to avoid their citizens to use Bitcoin in the wrong way like money laundering and transacting to terrorists and criminals. There are some government that do not want it but it just depends on their perception of what is crypto currency.

[carlisle1]

I think the government's ban on bitcoins in their countries is something BAD, bitcoin can bring to countries that have not developed some of the projected wages they can make, but that's the economy. Developed as strong as Japan and America.

OP is talking about regulation not banning ,this is two different thing lol

Regulating bitcoin is something government that can have benefits in this community from regulation they can put taxes in every means of profiteering people might get.and i believe that this will be implemented so can work freely and regularly

[virasog]

Regulation of the crypto currency is a very important issue that can not be denied. And to regulate this segment does not mean to strangle it with different sanctions, but to make it free, transparent and reliable. As practice shows, in the absence of a clear regulation, the rights of users can not be protected

To make the transparent currency of crypto, then musty need regulation in it. So if government involved in it that mean crypto currency will be good for us. It doesn't mean that crypto currency will face problems. So in my thinking, it is good for crypto and also for us.

[noormcs5]

I think the government's ban on bitcoins in their countries is something BAD, bitcoin can bring to countries that have not developed some of the projected wages they can make, but that's the economy. Developed as strong as Japan and America.

It would be good for government to accept bitcoin other wise they're wasting there time to stop bitcoins.They can include some taxes on bitcoin but they can't stop it nor they can trace our transaction and control its price.

Yeah, it is bad if government ban the bitcoin in its country, it is bad for government and also for its people, because bitcoin or other crypto currency  people have a chance to earn money and if government not allow to its people then government do bad with its citizens. Everyone has the right to use all the technologies and government should realize that the next era will be of digital currency. So its better to regulate bitcoin in the countries rather than thinking of banning it.

[manfredmann]

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?

As of now cryptocurrency regulation is good but i am thinking that the government will take advantage on the regularization and will put more tax on cryptocurrency. This could be a different story if government will put excessive tax on every purchase of cryptocurrency.

[nsmdgw]

For those who have researched and invested in cryptocurrency, perhaps the government's strict regulations do not seem good, but generally, governments have to put their economies first. The strict rules set out are unavoidable.

[Bondho Kompeni]

Certainly good, if the government makes a regulation about crypto then this is a sign that the government recognizes the existence of crypto, this certainly makes crypto have a better future than not making regulations.

[Caitsith]

I think that the regulations that the government sets for cryptocurrency are not good, which would limit the development of cryptocurrency as well as limit future economic growth.

[vokokawev658]

Government regulations on cryptocurrency can contribute to this market more vibrant because people will find ways to get rid of those regulations, then the price of coins will increase faster.

[renggileh]

that's good, if the aim is for the legality of bitcoin.
Every user, or trader is required to KYC, I think it is to record how many investors from each country.