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Author Topic: Is regulation good or bad?  (Read 30862 times)
Nekoma2018
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January 28, 2019, 11:16:46 PM
 #581

In my view, regulation will be good for Crypto industry. As we can now see  that many Govt are looking for ways to regulate the industry.

Regulation will be a good thing in the long run. It will build trust for the industry among the masses thereby resulting in mass adoption. With regulation, people will feel more comfortable and have a sense of security to invest in crypto.

I don't believe that regulation means we have to declare our portfolio. Just as nobody cares to know exactly how much you own in the bank.

Regulation will also help in curbing the possibility of using crypto to launder money and place a check and balance in ICO which will make it very difficult for scam ICOs to operate.

I say regulation will in the end be a good thing for crypto..

What's your view about it?
Yes regulation is always a welcome idea.. unfortunately sec isn't doing well enough to protect investors from fraudulent icos... we need more regulation in the crypto space
prayogi
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January 28, 2019, 11:58:41 PM
 #582

for me regulation of course brings us better for the future.
all regulations in my opinion will be good if we obey and respect them. there are no regulations that make us worse off.
indeed regulation is very necessary, with the regulation that will make crypto better in the future, regulation is not
always bad because the existence of regulations can guarantee and protect us from hackers and scammers
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January 29, 2019, 12:01:46 AM
 #583

It has its benefits and cons but I believe the benefits will outweight the other. We have experienced countless number of ICO scam and theft, these are examples of what could be prevented if there was regulation in place.
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January 29, 2019, 12:40:43 AM
 #584

We definitely need some kind of regulation in cryptos, because so many people are launching ICOs just to make money. Once registration reflect similar consumer protections, there will be more incentive to develop better project. Regulation is needed and welcomed; to a reasonable degree.
actually regulation is a necessity if we want a recognition and protection, so a regulation is recognition by a country of a particular commodity or asset.
 crypto currency if it is to be recognized in all countries must have regulations from each user country, so that regulation very good effect on crypto currencies.

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January 29, 2019, 01:02:03 AM
 #585

As for the view of mojority, bitcoin has to be regulated. And i think that if bitcoin is to be regulated, it should be by the ones who has the right of regulation for bitcoin. Persons with such credibility so that crypto industry would be productive.
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January 29, 2019, 01:23:38 AM
 #586

there's a good side, there's a bad side too. the good thing is, crypto will become legal as a legitimate investment asset for trading and will make its value much better. the downside, the impact of all that is definitely a fee that will increase for each transaction, or what we can call tax.

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Atheneum Blockchain
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January 29, 2019, 01:39:33 AM
 #587

In my view, regulation will be good for Crypto industry. As we can now see  that many Govt are looking for ways to regulate the industry.

Regulation will be a good thing in the long run. It will build trust for the industry among the masses thereby resulting in mass adoption. With regulation, people will feel more comfortable and have a sense of security to invest in crypto.

I don't believe that regulation means we have to declare our portfolio. Just as nobody cares to know exactly how much you own in the bank.

Regulation will also help in curbing the possibility of using crypto to launder money and place a check and balance in ICO which will make it very difficult for scam ICOs to operate.

I say regulation will in the end be a good thing for crypto..

What's your view about it?

My view is similar but I would say regulation is good for crypto as an investment but bad for crypto in its mission. 
Atheneum Blockchain
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January 29, 2019, 01:47:03 AM
 #588

For me, regulation is good for the government accept the cryptocurrency especially cryptocurrency.
Every country need to monitor the currency and its movement for them to get the taxes they need to develop thegovernment and its community.

You sound like you're pretty pro-government.  Interesting perspective for someone in this space.  Or are you just offering a perspective?
bartolomeo
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January 29, 2019, 02:57:51 AM
 #589

In my view, regulation will be good for Crypto industry. As we can now see  that many Govt are looking for ways to regulate the industry.

Regulation will be a good thing in the long run. It will build trust for the industry among the masses thereby resulting in mass adoption. With regulation, people will feel more comfortable and have a sense of security to invest in crypto.

I don't believe that regulation means we have to declare our portfolio. Just as nobody cares to know exactly how much you own in the bank.

Regulation will also help in curbing the possibility of using crypto to launder money and place a check and balance in ICO which will make it very difficult for scam ICOs to operate.

I say regulation will in the end be a good thing for crypto..

What's your view about it?

that right in this kind of business it should be regulate since we need protection in some cases that might happen in the future. maybe it looks like we are giving up our freedom but its not really the true meaning of regulating things but maybe it depends to the governments who regulate crypto,

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January 29, 2019, 03:17:45 AM
 #590

Well to me I think rules and regulations might be a good perspective fpr crypto investors and might not be good fpr crypto currency as said earlier.

But if you observe carefully then the number of crypto currency are increasing day by day and many of them are below one cent. So I think at least the number must be controlled.

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January 29, 2019, 03:40:24 AM
 #591

By its very nature, cryptocurrency and the various kinds of distributed ledger technology that power it was intended to place more economic power in the hands of the individual. This has resulted in an environment where cryptocurrencies and blockchain-based startups can establish themselves with some assurance that business will not be interrupted by the swift, heavy-handed actions of a government acting rashly.
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January 29, 2019, 03:41:52 AM
 #592

I am also of the opinion that for cryptocurrency to get mass adopted worldwide, then there has to be some regulations in place to protect investors and bring trust to the industry. But the issues I have with regulations is that the blockchain technology will no longer be fully decentralized since it is now regulated. Taxes and other forums of tarriffs will set in which is not the decentralized way. So regulations may increase adoption but it's at a cost.

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January 29, 2019, 07:27:06 AM
 #593

I am also of the opinion that for cryptocurrency to get mass adopted worldwide, then there has to be some regulations in place to protect investors and bring trust to the industry. But the issues I have with regulations is that the blockchain technology will no longer be fully decentralized since it is now regulated. Taxes and other forums of tarriffs will set in which is not the decentralized way. So regulations may increase adoption but it's at a cost.
It turns out a contradiction, the cryptocurrency with regulation - there is a future, but it will not be so cryptocurrency that everyone loved, so most likely no regulation will never be

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Sir Legend
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January 29, 2019, 07:56:39 AM
 #594

Of course this is the thing we are waiting for, I hope that regulations will be made soon so that investors can trust crypto, if there is no regulation it will be difficult for investors to invest in crypto and choose other types.
Alucard2425
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January 29, 2019, 08:25:28 AM
 #595

For me i believe regulation needs to be mass so that everything will be legal, this is a great protections for all of us and so that investors will be willing to trust and invest on projects
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January 29, 2019, 01:01:30 PM
 #596

It is a very difficult question, because on the one hand, crypto currency was created to avoid any regulations, but on the other hand, there are too much scammers and fraud ICOs on the market and we need to find a way of how to eliminate them.
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January 29, 2019, 04:09:59 PM
 #597

regulation for using cryptocurrency is of course not good because it is the right of all people who can have as much cryptocurrency as they want without any restrictions on usage or transaction restrictions, and bitcoin does not need such regulation because bitcoin should be free for anyone to use and free they have as much bitcoin as possible.

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January 29, 2019, 04:40:12 PM
 #598

regulation as you discussed? if the regulation does not harm investors or bounty hunters in a country, or maybe the regulation is even beneficial for both of them I think that is a good thing for the future of crypto currencies.
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January 29, 2019, 04:48:08 PM
 #599

regulation is good, and but difficult to implement because the government or financial institutions still think that crypto is a traditional financial ecosystem killer. and many still think that regulation is the same as eliminating anonymity. so as long as people still think like that there will be no regulation for crypto.

and during that time there will also be no mass adoption.
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January 29, 2019, 04:55:48 PM
 #600

We are dealing with money here so I agree on regulating any crypto assets. After all, we can also benefit from it. It will protect us from scams or frauds.

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