Government regulation on cryptocurrency, GOOD or BAD?

[Itjoker]

Personally I think that regulation cryptocurrencies market by the governments will affect to the whole market only positively. Because due to regulation institutional investors will believe to this sphere, they will make new investments tools, enter to the market and this market will growth rapidly.

[MIZANUR5033]

It is very interesting question now. I think it has the perfect time to change the system of currency and be modern and use the best of digital world. Many modern and top world countries are being interested to use this currency as one of the systems of their currency system, on other hands some countries are seen those things as a threat they think this system will correct them and destroy their economy system which I think its not possible rather it will help them to solve their money problem and money issue will be removed very fast if they know how to use this currency. let see what they do

[ShineftChaos]

It is very interesting question now. I think it has the perfect time to change the system of currency and be modern and use the best of digital world. Many modern and top world countries are being interested to use this currency as one of the systems of their currency system, on other hands some countries are seen those things as a threat they think this system will correct them and destroy their economy system which I think its not possible rather it will help them to solve their money problem and money issue will be removed very fast if they know how to use this currency. let see what they do

Government will always change the regulation depending on the countries economy growth because government know's what is the healthy thing to do in their country.

[Acsirp]

Government regulation is bad for cryptocurrency, because the anonimity of one's account is lost because the government will have the information because they regulate it already and time wil come if crypto will be regulated ,there are many things to comply when you are part of the cryptocurency, it is really bad for the cryptos if it will be regulated.

[KridNewoj]

It is really bad for cryptocurrency, when government regulates the cryptocurrency, fir it will create another ,needed requirements what are the government wants for cryptos as part of the deal the crypto and government come up to terms and conditions to make cryptos a legit currency in the state.

[iqlimasyadiqa]

Government regulations will be needed in the development of digital currencies. This is because when the government supports digital currencies, the value of digital currency prices will increase. Trust growth will increasingly make digital currencies more attractive. yes, we just wait for the government to make a decision, the decision made by the government will determine the future direction of the digital currency. Our support and pressure on the government will help how digital currencies can be officially recognized.

[bajigur894784]

Some governments are concerned about the possibility of cryptocurrency can being used by criminals. I think, if the government issues regulations about cryptocurrency and makes cryptocurrency legal and publicly available, that is a positive thing, that is a good thing. In addition, That thing will prove that cryptocurrency can follow government regulations in the existing financial system.

[Yamifoud]

Some governments are concerned about the possibility of cryptocurrency can being used by criminals. I think, if the government issues regulations about cryptocurrency and makes cryptocurrency legal and publicly available, that is a positive thing, that is a good thing. In addition, That thing will prove that cryptocurrency can follow government regulations in the existing financial system.

It also matters how the authorities carry over those taxes  once finally imposed. I think there is no problem with that unless they don't try to abuse their collecting rates.
In the other way also, regulations is helping us to attract more investors as it is supported by the government which could gain trust and confidence for them to invest.

[panganib999]

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

Regulation means more a lot of acceptance and making it more suitable on transaction on a specific country. It does not directly means legal by the way people could used it in all form of transaction it may be more a good thing in terms of the system where people could choose to used bitcoin as an option for their transactions.

[KrisAlex18]

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?

Having regulations over cryptocurrency from a certain country signifies that they are supporting the use of it hence they want everyone to stay safe and secured with the use of it. The regulations should not be too much or too extra so that we can all be free from earning large profits here. No matter how many regulations the government turns down, crypto will stay decentralized.

[MFahad]

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?

Good or bad, Positive or negative. It will never effect on bitcoins. We're aware its volatile and there's no one behind bitcoin except us. We should not scared from government policies they're useless .

[Kb4real]

The regulations will be good because they will be room for investors to have believed on bitcoin and invest on it most especially some big company too will adapt the crypto into their system.

[Bezobraznike]

   It`s not easy to answer on this question. In one hand it`s good, when governments get into regulation of crypto-currencies, services will need to
be legit, they will need to answer to governments for anything wrong they do, that`s sounds very good for us customers. In other hand it`s not so
good, government will create taxes, harder control.
   I would like to stay anonymous for a while. I don`t need government to tell me what is good and bad service, here we discuss about it. I`m learning
to do complete research before investing or having fun with some service in crypto-market.
   

[embargo]

Government regulation is both good and bad. The bad news is that there are restrictions, and not everyone can enter the crypto-currency market. The good thing is that government regulation is the protection of citizens from the possible loss of all capital.

[South Park]

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.

A big problem for governments is that they can only pressure centralized institutions like exchanges but if you just exchange your bitcoin directly for products and services then they are not going to have a way to control your behavior since they do not have any control over the network, this is what it is driving them crazy since they are so used to everyone bending over so they can follow their rules and they are finding that is not working with bitcoin.

[ibrayzorhaf]

that's good, because with the existence of crypto regulation investors will flock to invest in many ico. and that's good for the crypto project in the future. even though the tax must be held on each crypto transaction

[yonjitsu]

Basically, cryptocurrency regulation is good for crypto investors in the sense that they may be safe with the ICOs they're into but for some, it can be bad because there will be limitation already of crypto use. Tax on your earnings from cryptos, for example, will be mandatory and thus taking a slice of your total earnings no matter how small it is.

[Visbay]

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.

Regulation is not good, but I think this way bitcoin will come in eyes of government and more people will trust it, as I first heard about it I was thinking of it a scamming but gradually my trust for bitcoin developed, now it is modern age and government of some countries accepted bitcoin as regular currency and they are using it on daily basis so to me it is good idea to make bitcoin regular currency.

[Btcnaivie]

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, this regulation that the government implemented have good and bad effects. Good effects because it can prevent crypto currency uses in illegal transaction. While it is bad because of some government personalities that will abuse cryptocurrency users and corruption will do.

[Zigzagkuy]

Sometimes government regulations have plus and minus values. The good and bad of government regulations must have consequences. Sometimes government regulations can be good because they prevent acts of crime by irresponsible people. But also sometimes it looks bad, because there are still many good people who use bitcoin. That's just my opinion.