Government regulation on cryptocurrency, GOOD or BAD?

[Rooster101]

That will depend on what kind of regulation the government is imposing. Every country have their own kind of laws or regulations for the use of crypto currencies, some regulations are created to protect its citizen from crypto scams and other illegal use of cryptocurrencies. Some countries imposed strict regulations against the cryptocurrencies by limiting the use of them by their own people. Stricter regulation for the coins can be bad because you can only buy some limited and allowed coins.

[Yantoaja]

with regulation there is certainly good and bad value, the good side is the possibility that the crypto population will increase sharply because it has been legalized by the government, but the downside is that the decentralization system which has been the main attraction of cryptocurrency will be lost due to intervention from third parties, this means all transactions will be similar to transactions with the Bank. although so many of the bitcoin officials in each country support this, legal status is important.

[Bonsaiav]

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?

Actually the government's intention's very good. They will not allow anything that can damage the country's economy. Unfortunately, their thinking about cryptocurrency, in the slightest never develops, it seems they are too worried troubled by the presence of cryptocurrency. So that makes them do not care about the greatness and benefits brought by cryptocurrency.

[winterland]

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?

Like most things it is a mixed bag, there are some benefits that come from regulations in the market, like institutional investors getting more confidence in the market of cryptocurrencies, but at the same time KYC policies are terrible for us since it takes a lot of anonymity from this market, something that we should strive to get and that it is going to be more difficult as time passes.

[victoryana]

If the government decides to accept a cryptocurrency transaction, I think it's good for all of our members to have regulations that the mayor will stabilize. The government will make the market more stable.

[MMS2017]

Governments of the different countries are making a very tough regulation on bitcoin and crypto but sometime it become very bad for the crypto price in the market but soon the government will allow all the crypto.

[Angi]

As for me it is good for those who invest in crypto it will help much more to be legitize and acceptable to people in the country but for bounty hunters do kyc? (know your customer) it would interrupted for us because we wasting our time if we accepted to receive our payments or not so that's the problem that I concern for.

[jambul_kribo]

with the regulation from the government, this will provide certainty and comfort to invest in cryptocurrency. investors become more secure and are not worried about the funds invested.

[Sandijoee]

What regulation from the government?
if the rules are legal for all countries in the world, I think that is good, even very good. But if banning bitcoin is a bad rule.

[Indai24]

What regulation from the government?
if the rules are legal for all countries in the world, I think that is good, even very good. But if banning bitcoin is a bad rule.

In our country bitcoin is not recognized but some vendor accepta it as a mode of payment. When it comes to government regulation I guess they will need to legalized bitcoin so we will be able to determine whether it's a good or bad.

[leonarda]

It will have both positive and negative effects but overall it will be bad. these things are against the fundamental aspects of crypto.

[tbterryboy]

I think it's all right.It should be.Cryptocurrency should be used for good deeds and not for money laundering and terrorist financing.

Terrorists can use the same fiat currency issued by every government and they are using that so why we are discussing it only for Bitcoin or other cryptocurrencies. Fiat currency or any other currency can be used by terrorists or bad criminals. Governments can make a system to resolve this issue by reducing these criminal activities and their roots because we can not blame the valuable coin for it which is doing great for us.

[Benjamin353White]

For countries that prohibit cryptocurrency, the cryptocurrency rules are very limited. Market constraints make the economy less developed. For those countries that support the development of BTC. Rules are positive.

[theyRmose]

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. for some country

[Rocketiy]

All supervision is impossible, because the cryptocurrency has certain anonymity, and it is also great because of anonymity. But ICO is the best way for all humans to achieve regulation.

[Nnedaddy1]

Government regulation on cryptocurrency will be a good development.
With regulation, the prevalence of scam ico project would be mitigated....which will build trust and confudence while pushing for mass adoption of cryptocurrency.

[Wonder_woman]

Government regulation is good and at the same time could be bad, meaning it would be already legal and also rules is really needed in cryptocurrency which could help remove scams, however, it could be bad because crypto now is controlled by the government and may decrease potential profits.

[Ranly123]

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 think it is better to be regulated by the government rather than banning cryptocurrency. A move to regulate cryptocurrency by the government is what I think a solution from scams and other illegal related activities.

[kolsernik]

I think that this is bad. Many because of these rules do not want to deal with crypto currency. In the future, when all people use crypto currency, this will be a necessary step. All this is understood.I'm not afraid to go through these procedures, I'm just afraid that my data can be someone to steal and use for bad purposes.

[KeepupSlim]

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

Regulations ca mean different things. Those can be easy and low taxes from asset income or something very opposite wich will make people try to hide their money as much as possible and will make things harder for everyone.