Weng simok
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August 24, 2019, 03:51:34 PM |
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Many countries nowadays have not yet fully regulated the use of Cryptocurrency and this is caused by many factors such as being able to be a money laundering tool and substitute tool for the country's official currency, used for illegal transactions, and so on, but there are some countries that are already official regulating Crypto as a legitimate investment asset in the country and of course this is quite encouraging for the developers / investors of world cryptocurrency.
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jumiapaul
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August 24, 2019, 04:17:46 PM |
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In my opinion, it would be a great boost to the reputation of the cryptocurrency industry if some extent of regulation is introduced. One of the set backs which has always been experienced by the members of the industry is the issue of misinformation and misinterpretation of the cryptocurrency industry. Several people see the industry to be a habitation of illicit and unscrupulous individuals and that explains why several countries are restricting their citizens from participating in the industry. I believe with some extent of regulation, issues of bad reputation would be reduced and those persons destroying the reputation of the industry would be brought to book.
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EmmaBen
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August 25, 2019, 08:07:18 PM |
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With the several challenges facing the crypto industry, I think it is about time regulations were installed to help propel this technology to where it ought to be. The absence of regulations has meant that, the ills have continued unabated. Regulations will help checkmate this atrocious processes committed mostly by the so called crypto elites. Until these issues are completely filtered out, we may never see the true strength of blockchain.
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FelippeHeinz
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August 25, 2019, 09:42:27 PM |
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Bitcoin emerged precisely as an alternative to centralized economics. They are 2 opposites, it's like white and black, dark and light, positive and negative.
Regulation is only positive in the view of large institutional investors, but if you are a decentralized economy enthusiast you should oppose any kind of STATE regulation.
Regulation must come from within the crypto community, and new financing methods such as IEO is a good example of self-regulation.
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firmino10
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elysian.finance
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August 27, 2019, 11:09:11 PM |
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I think regulations in the crypto market is like a coin with two sides, it has its advantages and disadvantages.
The advantages are it would help curb and reduce the several scams and illegal activities going on in the cryptocurrency market
And the disadvantage would be that it would take away the decentralized nature of the blockchain and make you subject to the government, which defeats the purpose of its creation.
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Hans Groober
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September 01, 2019, 10:50:56 PM |
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While we are discussing here whether the cryptocurrency market regulation is good or not, many countries have already been regulated. First of all, I’m talking about how many exchanges, in favor of the SEC, prohibit participation in IEO for citizens of those countries that are on the US sanctions list. I think this is not what Satoshi Nakamoto wanted when he created the first crypto coin.
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Argoo
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September 03, 2019, 04:57:06 AM |
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The regulation of cryptocurrency is inevitable in any case and it will be positive, since through regulation the states will be able to legalize it on their territory. In addition, it creates orderliness and certain rules in the use of cryptocurrency, that is, eliminates the anarchy and permissiveness of certain players in the market. In this case, I mean the ICO team in relation to bounty hunters.
For example, on June 21 of this year, the Intergovernmental Organization for Financial Action (FATF) adopted recommendations that only persons sending transactions worth more than one thousand dollars should come to the KYC inspection. Here I see more positive things than negative ones. First of all, this means that bounty hunters should not pass the KYC test if they receive tokens worth less than one thousand dollars.
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prof7bit
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September 03, 2019, 06:36:37 PM |
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The regulation of cryptocurrency is inevitable in any case and it will be positive, since through regulation the states will be able to legalize it on their territory. In addition, it creates orderliness and certain rules in the use of cryptocurrency, that is, eliminates the anarchy and permissiveness of certain players in the market. In this case, I mean the ICO team in relation to bounty hunters.
For example, on June 21 of this year, the Intergovernmental Organization for Financial Action (FATF) adopted recommendations that only persons sending transactions worth more than one thousand dollars should come to the KYC inspection. Here I see more positive things than negative ones. First of all, this means that bounty hunters should not pass the KYC test if they receive tokens worth less than one thousand dollars.
Of course, regulation is inevitable and we ourselves must be positively tuned, because the level of deception will decrease in the cryptocurrency market. I believe that the regulation of the sphere of cryptocurrencies will be in 2-3 years. |
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MMA Rats
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September 03, 2019, 07:12:11 PM |
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On the one hand, the regulators will help the cryptocurrency to be used by people in everyday life, but on the other hand, there will be a lot of rules and prohibitions in the market
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jthor
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September 07, 2019, 06:35:11 AM |
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On the one hand, the regulators will help the cryptocurrency to be used by people in everyday life, but on the other hand, there will be a lot of rules and prohibitions in the market
I think that there should not be many prohibitions on the cryptocurrency market. Perhaps there will only be rules that prohibit money laundering. |
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andika2018
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September 07, 2019, 06:51:04 AM |
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The regulation of cryptocurrency is inevitable in any case and it will be positive, since through regulation the states will be able to legalize it on their territory. In addition, it creates orderliness and certain rules in the use of cryptocurrency, that is, eliminates the anarchy and permissiveness of certain players in the market. In this case, I mean the ICO team in relation to bounty hunters.
For example, on June 21 of this year, the Intergovernmental Organization for Financial Action (FATF) adopted recommendations that only persons sending transactions worth more than one thousand dollars should come to the KYC inspection. Here I see more positive things than negative ones. First of all, this means that bounty hunters should not pass the KYC test if they receive tokens worth less than one thousand dollars.
Of course, regulation is inevitable and we ourselves must be positively tuned, because the level of deception will decrease in the cryptocurrency market. I believe that the regulation of the sphere of cryptocurrencies will be in 2-3 years. Some countries have implemented regulations for exchangers but many countries have not yet regulated ICO or IEO. Some countries consider cryptocurrency like bitcoin to be a commodity like gold. Regulation will be important when able to touch the ICO, or IEO which involves raising funds for new projects, because sometimes new projects are not accompanied by good preparation from the developer team or the use of funds |
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freedomgo
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September 07, 2019, 06:53:10 AM |
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On the one hand, the regulators will help the cryptocurrency to be used by people in everyday life, but on the other hand, there will be a lot of rules and prohibitions in the market
I think that there should not be many prohibitions on the cryptocurrency market. Perhaps there will only be rules that prohibit money laundering. If the government will regulate crypto the same with the existing financial services in the world, they will be more focus on the AMLC and the TAX aspect. No government that are fair to their people would put a lot of restrictions that we will not be able to enjoy the real used case of crypto. The government is the people, and therefore, the voice of the majority will be the basis of the law or the regulation in the market. |
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Samboo
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September 07, 2019, 07:29:12 AM |
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I have divided view on this topic. Regulation is bad just because it will affect price of coins in the market. Price of most of coins in the market will go down once regulation is in place. But the good factor is that regulation will do good to the crypto market in the long term. It will help cryptocurrency become stable and more strong.
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Snowwy
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September 07, 2019, 08:09:13 AM |
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Regulation is good for the industry and it is also bad for it especially if it encompasses all the aspects of the industry. I think the sectors that need to be regulated most are crypto exchanges and ICOs. Exchanges operates without any restrictions and there are a lot of shady things going on in them. If ICO is regulated, the trust of investors will be back and many will be excited to invest in new projects again.
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jackblacksparrow
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September 07, 2019, 02:24:17 PM |
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I have divided view on this topic. Regulation is bad just because it will affect price of coins in the market. Price of most of coins in the market will go down once regulation is in place. But the good factor is that regulation will do good to the crypto market in the long term. It will help cryptocurrency become stable and more strong.
Although the prices of coins will become lower with the arrival of the regulators, the cryptocurrency will still have a promising future, but if the regulators do not introduce it into the cryptocurrency, it will remain within the limits of the market and in time will become unnecessary for anyone |
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Brunus
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September 08, 2019, 08:37:32 PM |
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Whenever you put a rule, what you really do is limit the degree of freedom of the individual.
Sometimes it can be good, but in most cases scammers find new ways to cheat the naive, and honest traders waste time and work trying to respect the rules.
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10c
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September 08, 2019, 08:44:35 PM |
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Whenever you put a rule, what you really do is limit the degree of freedom of the individual.
Sometimes it can be good, but in most cases scammers find new ways to cheat the naive, and honest traders waste time and work trying to respect the rules.
honest traders are making good money because they are careful and do not fall for the tricks of scammers. we all need to become better traders |
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Impaler
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September 08, 2019, 10:17:20 PM |
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Most of the cases regulations are good as my opinion. I think its better than banning crypto. Cause many country started to banning crypto which is not good better give some regulatory body is more useful. This market is full of scams so if regulation came to the market then the percentage of scam will be reduced. But regulations have its own problem. The main base of the crypto is decentralization and kepping things anonymously and regulations will broke this things.
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X-avier
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September 09, 2019, 05:19:25 PM |
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I personally don’t think so, but this is inevitable to my regret. Regulators together with banks will create their own coins and present them as cryptocurrencies, but they will have nothing in common. It will be the same bubble that we see with you now regarding the US dollar, only in the future there will be digital dollars. My advice to you all, buy Bitcoin is the only cryptocurrency independent of anyone and it will be very expensive in the future.
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DU18
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September 09, 2019, 06:12:51 PM |
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In some developing countries, crypto has become one of the new alternatives for people who want to invest, so to prevent the abuse of crypto, of course, the government of a country must really make regulations that regulate the use of cryptocurrency in the country so that with these regulations can prevent bad things like be a money laundering tool.
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