Cryptocurrency and regulation, do we need it?

[deppil]

The government has the point on pushing regulations with cryptocurrency for protecting its users from the possibility of financial collapse in the system. The regulations will ensure that users will be protected.

I definitely support the governments movement for it is for the good of the system and the its users. I do not know why some users in the forum do not agree with it.

its bullshit. the government provides regulation and legalization provided the users want to verify like id card verifitcation. so that the government can control it and give taxes when everything is ready. regulation is only for the benefit of the government. I don't really expect regulation to happen

[stechpro.vn]

For me there are no regulations, no binding rules, it is impossible to manage the country. It seems that those who do not want to be controlled will support the unmanaged. Or the criminals will be excited about this.
If you are the manager of a country, what do you think?
Maybe they will not let that happen

[Alex_Zi]

I think we need no regulation - there are a lot of illegal deals without cryptocurrency. Government must find another way to control criminal elements.

[carlfebz2]

I think we need no regulation - there are a lot of illegal deals without cryptocurrency. Government must find another way to control criminal elements.

You are right and before they would engage theirselves to crypto they should first resolved into the issues on where fiat currencies have done.They cant even stop those illegal stuff or transaction
and now they are trying to regulated crypto as well,saying that it is prone to illegal matters like shady transactions and money laundering which they didn't even consider that fiat shady transactions is more rampant.
Crypto is for decentralization but hard to accept that if we would like to widespread its adoption we would really need to align with regulation.

[gayletot]

it's better to have cryptocurrency with that rule, as well as to the discipline of crypto users and to prevent people from using crypto scams and to avoid hacking. there is a better regulation to learn from the crypto users not to disobey.

[TheLoser]

I think we need no regulation - there are a lot of illegal deals without cryptocurrency. Government must find another way to control criminal elements.

You are right and before they would engage theirselves to crypto they should first resolved into the issues on where fiat currencies have done.They cant even stop those illegal stuff or transaction
and now they are trying to regulated crypto as well,saying that it is prone to illegal matters like shady transactions and money laundering which they didn't even consider that fiat shady transactions is more rampant.
Crypto is for decentralization but hard to accept that if we would like to widespread its adoption we would really need to align with regulation.

I agree with you, the government still can not control illegal transactions in Fiat, and cryptocurrency is even more difficult. I think regulation of cryptocurrency at the government level is not necessary.

[Ridwan Fauzi]

The government has the point on pushing regulations with cryptocurrency for protecting its users from the possibility of financial collapse in the system. The regulations will ensure that users will be protected.

I definitely support the governments movement for it is for the good of the system and the its users. I do not know why some users in the forum do not agree with it.

its bullshit. the government provides regulation and legalization provided the users want to verify like id card verifitcation. so that the government can control it and give taxes when everything is ready. regulation is only for the benefit of the government. I don't really expect regulation to happen

If government provides convenience against cryptocurrency users, I guess they are reasonable to make a rule and regulating taxes on cryptocurrency users. Take a look at the impact of cryptocurrency if it is legalized by several governments, every cryptocurrency price will increase and even will attract many new users, the cryptocurrency goal is made to be used by everyone, and to make that happen is the government.

[Seeker#9]

it's better to have cryptocurrency with that rule, as well as to the discipline of crypto users and to prevent people from using crypto scams and to avoid hacking. there is a better regulation to learn from the crypto users not to disobey.

Most governments favors regulation and this seems to be inevitable to happen in a country that want to put all finance and currency under their control. Control is necessary for the government so they can be able to run the economy and the whole nation into the right path. Scams, hackings,money laundering and other illegal activities that uses cryptocurrencies are some of the reasons why the authorities wants to impose some regulation on crypto exchanges.

[TKarollah]

it's better to have cryptocurrency with that rule, as well as to the discipline of crypto users and to prevent people from using crypto scams and to avoid hacking. there is a better regulation to learn from the crypto users not to disobey.

Most governments favors regulation and this seems to be inevitable to happen in a country that want to put all finance and currency under their control. Control is necessary for the government so they can be able to run the economy and the whole nation into the right path. Scams, hackings,money laundering and other illegal activities that uses cryptocurrencies are some of the reasons why the authorities wants to impose some regulation on crypto exchanges.

from many reasons, I think of the most important rules in the regulation of each user transaction account and the investment pattern in the ICO, both of which are very important to regulate because conversion stimulants do not run transparently and without strong controls from investors and developers, even I want insurance to prevent things from happening worse, we really need that for consumer protection.

[Alex_Zi]

I think, we need not any regulation, including banks, 'whales" etc. Now we can make small decentralized system. Governments must solve centralized problems for the first.

[DavidNiva]

If you want to be legalize , you need government's regulation.
For me it's important because you have the advantage by let them legalize for example : you can see the demand for bitcoin will increase because you can use bitcoin as payment like fiat.

Meanwhile, my government still against crypto so it's impossible for my government to make regulation about it.

indeed bitcoin requires legality from the country we live in, but if this cannot be done then things like this should not be considered a barrier , because as long as bitcoin does not violate the law the word is still free to buy and sell bitcoin , indeed bitcoin cannot be used as a payment tool directly, but this is not a problem. don't be pessimistic , always forward thinking don't give up easily.

[sambel90129]

I agree with the author that there are two sides of regulation and there will always be those who embrace it and want to run a legal business and pay taxes. I'm more on the purists' side and believe that we don't need it and shouldn't fit BTC into the current system, just like Andreas said. We should leave it as an alternative to those who don't want to be watched and controlled by the big brother.

actually the regulation in bitcoin has a good effect, one of which we can feel safer because we feel we have entered the system of our government, we can pay taxes and of course we can avoid the perpetrators of crime, because we are very easy to report everything can happen to us, but for the perpetrators of crime must be very dislike of the regulatory system because they are afraid that the money from their crimes can be detected by the security apparatus, so all of it depends on our position, whether we are perpetrators of crime or not ..

[KorakPawon]

If you want to be legalize , you need government's regulation.
For me it's important because you have the advantage by let them legalize for example : you can see the demand for bitcoin will increase because you can use bitcoin as payment like fiat.

Meanwhile, my government still against crypto so it's impossible for my government to make regulation about it.

But, when bitcoin is legal, doesn't it mean that the decentralized system of bitcoin change? When it becomes legal, there will be regulation for bitcoin, when it does, government will be part of your 'private area', they will take control of your account; of your money; of you. So, I think there's no need regulation, unless there's a change in bitcoin itself.

[IcoTrust.li]

I think regulation can make an important contribution to building trust. However, a distinction must be made between regulation by bitcoin and regulation for ICO. ICOs are almost dead at the moment and regulation would be an advantage for future projects.
This could take the form of certificates and it would not always be necessary to hand over full control to the state. However, I think a healthy form of regulation is good for the community.

[vhns222]

There are 2 sides good and bad ,first is about scamers if we have regulations then most of scamers would fail so its good ,but second then main meaning BTC  would lose.

[jrrsparkles]

There are 2 sides good and bad ,first is about scamers if we have regulations then most of scamers would fail so its good ,but second then main meaning BTC  would lose.

Crypto currencies can't be regulated at all only we can make restrictions to the trading platforms and ICO investments but no one can interrupt when the crypto currency transaction when a user want to send the cryptos to another address even the receiver can't do anything.

[IcoTrust.li]

Yes, true words, but it doesn't always have to be limitations. As I said, it's better to create a secure framework for future projects. I think Liechtenstein is on the right track and if they implement the Blockchain Act in 2019, the small country in Europe could become the Cryptovalley. https://www.ico.li/liechtenstein-blockchain-nest

[senin]

Regulation of cryptocurrency is necessary for its legalization in each state. Legalization of cryptocurrency includes the establishment of its legal status, the determination of the order and conditions of its circulation within the state and, as a rule, the establishment of taxation. All this is necessary for the legal circulation of cryptocurrency in any state, protection of the rights of its holders by state authorities and courts, as well as for the active creation of infrastructure in order to create comfortable conditions for its direct use as a means of payment.

[marcbitcoins]

Actually for me there is positive and negative aspects of regulation. That i think Crypto currencies are booming last year 2017 because regulation is not fully implemented yet that most of the illegal money can be hidden inside crypto thru money laundering. The illegal people will simply buy much cryptos then their huge money is fully hidden resulting the crypto currency to become more expensive on that period but now that regulation is fully developed and implemented it makes these illegal people to stay away from crypto which makes the real demand of the market to reduce too. With this scenarios, i stand neutral regarding regulation.

[knightmairesaint]

Actually for me there is positive and negative aspects of regulation. That i think Crypto currencies are booming last year 2017 because regulation is not fully implemented yet that most of the illegal money can be hidden inside crypto thru money laundering. The illegal people will simply buy much cryptos then their huge money is fully hidden resulting the crypto currency to become more expensive on that period but now that regulation is fully developed and implemented it makes these illegal people to stay away from crypto which makes the real demand of the market to reduce too. With this scenarios, i stand neutral regarding regulation.

True, because of not having regulation, cryptos especially bitcoin can be easily used to commit such crimes and hideous thing. I remember watching movies and reading articles about a guy(not going to mention the name) who had managed to create such cyber crime and illegal selling of goods through bitcoin. It had been hard for police to detect him because of using bitcoin.

On the other side, though regulation had helped in keeping bad people away, having full regulation in cryptos may also mean that the government having control. We know that the government had their hot eyes on crypto and crypto earning. Regulation may also mean that now having government rules which will affect how we do things in here.