Government regulation on cryptocurrency, GOOD or BAD?

[trauchot]

The fact that the government wants to regulate and control the cryptocurrency is nothing wrong, because everything will be legal and we will not have such problems with the fall of the market, but there will not be such a growth of the market as was the case a year ago. So there are many pros and cons here.

[bongnor531]

I think a central regulation could be good on the one hand, because it enhances trust for cryptocurrencies, and it could be more secure. On the other hand though, the whole concept massively relies on decentralization, for a reason. So too extent regulation is rather bad in my view.

[Sama517]

Everything in this world has both advantages and disadvantages or the good and bad side. Regulation may help to combat frauds and scams experienced in ICOs.

[crazymelons12]

The government knows better than any individual. I know how people from the government sees each opportunity as good or bad. Not one mind works in the government to see everything is working in the real world of economics, so I believe it is always reasonable to do that. But closing the doors completely to possibilities on cryptocurrency development might be a bad thing because we know how useful it is.

[Dimon888]

Government regulation on the crypto-currency market has two sides: positive and negative. Positive is market regulation and risk management, protection from fraud. The interference of the state is negative. As a result, the Crypto currency was created as an unregulated currency for the future.

[Brian_Bishop]

Well, the answer is not so straightforward. It depends on how you choose to see it. From one perspective, too much regulation will mean that the sole purpose of Bitcoin might be lost. If government is in total control, then the dream of decentralization is as well as lost. It won't take time before it's just like Fiat. But there's also the positive perspective. Support from government could translate to reputation boost for mainstream observers. And with trust going up, more investors are bound to flock in.

[Impulseboy]

Although the idea of government having control over cryptocurrency can be a bad thing, I think regulating it to prevent illegal abuse such money laundering and funding terrorist groups is a great idea. This could also mean that cryptocurrency is finally legalized in that particular country, which is in a way the goal of the crypto world.

[Rony24h7]

There are lots of countries in this whole world who are very serious about this market place and they are very excited about the change system of their countries as well we also see lots of countries who are totally against this currency and they just band this currency form there country. The main reason I think behind this is they fear the change of this currency if this change will happen the goverment will lose the controling power of the currency . This fear will not give then the opurtunity to be digitalize them self and after some time they will really suffer for not accepting this system. I think who accept this crypto as a new from of currency they did a great thing and we all should admire those countries and those countries are not accept this they will surely know what they did wrong with them self.

[sieemma]

It will be a good idea for government to regulate crypto in a sense that it will help to reduce the panic that is caused in our every day markets due to the fact that crypto could get to a near zero deal because governments do not approve it. When government regulates crypto, it will help to stop all these fud people spread around.

[michellee]

maybe government regulation on cryptocurrency is good because it can help bitcoin user to prevent from illegal thing like money laundering, using cryptocurrency for illegal activity. but I wonder what kind of regulation that will be applied because the government needs something to detect the blockchain transaction and they need to know who is behind the address wallet. but I agree with the regulation from the government because this will help cryptocurrency to grows more in the future.

[kaisa]

It will be a good idea for government to regulate crypto in a sense that it will help to reduce the panic that is caused in our every day markets due to the fact that crypto could get to a near zero deal because governments do not approve it. When government regulates crypto, it will help to stop all these fud people spread around.

Government functions should be like that, the state should be a stronghold for its people. while the fast-moving technology of the country must adopt it rather than ban it. the best way is to manage cryptocurrency well without digital politicization or the issue of being used for crime.

[lionheart89]

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?

when the regulation of legalizing cryptocurrency in the country is good.
with rules, it will minimize crime and increase investor confidence. So the rules are made for the common good.

[aleksnutis]

The only goal of governments is to get the maximum amount of tax and minimize tax hiding. Therefore, they impose restrictions on crypto-currencies. I think those countries that will develop in this direction will benefit.

[DaughterOFbitcoin]

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.

Well this is a subjective topic and everyone will put in their own concepts. I would say that on the average, government regulation will be good. In one place, it might not be good for those investors who are afraid to be charged with taxes that the government might implement but it is also good to control the arrival of new coins in the market that are fraud and cost you money without any future benefits. Another thing is that Bitcoin is growing immensely with a big market cap and it is necessary to have regulations which might protect the users against theft.

[pandanaran]

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?

At least based on what you say that is good, apart from the difficulty or complicate of filling KYC but if we look at the long-term impact it is more profitable. Whereas as we know in crypto there is still a lot of debate about the misuse of cryptocurrency for criminal acts.

[kumala_abi]

The only goal of governments is to get the maximum amount of tax and minimize tax hiding. Therefore, they impose restrictions on crypto-currencies. I think those countries that will develop in this direction will benefit.

if they want to do this, they should legalize cryptocurrency in their country.i think there are much tax poteny from this market if crypto exchange legalize.

[South Park]

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

No, it will be good for us but not for the government also I think that even if most of the reasons for not accepting cryptocurrencies are selfish ones at the same time they are trying to protect the public, how many people have lost their money to ico scams? If your average person was allowed to invest in them I think we will see 100 times more people being scammed and losing their money since they do not know anything about this market.

[win365]

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 believe that cryptocurrency is a state of freedom and independence, so every kind of regulations that government is trying to put on them would be negative for their freedom, and independence as well.

[Thatsit]

Government rules and regulations are good on one side and bad on the other hand. Because the rules of government rules you must maintain everything according to your rules. The bad aspect is that you will not have the freedom. Regardless of will, you have to maintain the monotony rules.

[Portia12]

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 believe that cryptocurrency is a state of freedom and independence, so every kind of regulations that government is trying to put on them would be negative for their freedom, and independence as well.

Yes cryptocurrency is a freedom for those poor people and that is the reason why the price of cryptocurrency is pumping and government are creating regulations because somehow it was affecting the growth of the countries economy.