manfredmann (OP)
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October 10, 2018, 03:45:33 AM Last edit: October 10, 2018, 06:27:47 AM by manfredmann |
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Government Regulations may be good or bad, either way I am not sure what could really be the effect of regulations on cryptocurrency. On the contrary, the government regulations on stock market exchange was able to increase the number of investors by encouragement and building up trust and confidence of the investors for stock market exchange. Thus, making it clear that many individuals are getting involve in stock market doing day trade for them to profit. It was never known that regulations in cryptocurrency may be at help. I came across with an article about cryptocurrency regulations states that some of the investors were now worried and afraid that without clear regulations it will deprive them to enjoy the stay on cryptocurrency. Thus, will not help also the newcomers to feel secured in joining cryptocurrency. Given the regulatory uncertainty, the United States also risks allowing fraudulent purveyors of cryptocurrencies to drive out the good. To be sure, federal and state enforcement officials have aggressively sought to stamp out fraudulent initial coin offerings (ICOs) and cryptocurrency trading platforms. But without clear and coherent guidelines to attract good actors to the U.S. market, fraudsters might push out the good actors. At least one estimate pegs the frequency of ICO scams to be as high as 80%.have aggressively sought to stamp out fraudulent initial coin offerings (ICOs) and cryptocurrency trading platforms.
But what could really be the benefit of regulations? Cryptocurrency regulations could help promote order, consistency, and accountability within the cryptocurrency market without imposing undue burdens. And they will help the United States emerge as a wise leader in the regulation of cryptocurrency, which will spur entrepreneurship and innovation in this country. After all, wisdom — more than ignorance — is a truer form of bliss.
So, if one will make the best move to let cryptocurrency be regulated all over the countries around the world then definitely cryptocurrency will be next to stock market exchange. Maybe it could be better than stock market exchange because we are not talking about real money it is a digital currency which aims decentralized currency and to provide good service to its investors or consumers attracting low transaction fee than the current banking system. Hopefully this innovation will push through regulations. Reference: https://hbr.org/2018/07/how-regulation-could-help-cryptocurrencies-grow
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haroldtee
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October 10, 2018, 04:35:31 AM |
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Of course, regulation is something we even cannot shy away from as far as I am concerned and it would be of huge benefit to this space in terms of growth. This is an evolution that will disrupt a lot of things, but its function can be misused if care is not taken and that would limit the growth of the space in the long run.
Virtually, over 90% of ICOs are scams, and a lot of tokens or coins have no real life product and it is more like they are just running on some pyramid schemes, and as long as this keeps happening, it will keep giving the space a bad name just because of some bad eggs.
Regulation will curtail most of these things, while separating the bad eggs and eliminating them and with that kind of a situation, we get to have a matured space that can easily grow fast while leaving investors mind at rest. We need SMART regulation, and I hope this is something we will get to see.
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audaciousbeing
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October 10, 2018, 05:43:38 AM |
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It actually depends on the angle one is looking at it. The regulation in the stock market advantages cannot be understated. For me, it only provides an overseeing function that gives players in the market the consciousness that someone is watching over them and they have to play according to the rules but this does not mean several immoral activities are being carried out by that same players but when they are caught, they sure would be made to pay.
For crypto, regulation would actually add some premium to the market in several areas. One area is providing the consciousness that someone is watching your activities, two is the verification of several companies, another is the ensuring of accountability for companies by complying with basic requirement such as filing report on a regular basis, conducting annual meeting, having audit committee, a whistle blowing mechanism etc.
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davis196
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October 10, 2018, 05:55:51 AM |
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Every market regulation increases the entry barrier of that market,thus it gets more difficult for the small businesses to enter the market and compete.The big players usually benefit from market regulations(if the regulations aren't too strict).I don't think that KYC and ID verifications can stop the scammers from cheating. They could easily bypass those rules.
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manfredmann (OP)
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October 10, 2018, 06:36:36 AM |
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Every market regulation increases the entry barrier of that market,thus it gets more difficult for the small businesses to enter the market and compete.The big players usually benefit from market regulations(if the regulations aren't too strict).I don't think that KYC and ID verifications can stop the scammers from cheating. They could easily bypass those rules.
This is a good point and for sure it will be hard for the small businesses to enter in the market. However, in regulations it could be bent for a little bit for the small businesses. And besides, regulations is not all about small businesses instead it is all about how legit is the project especially in the ICO where it was stated that 80% of ICO are fraudulent and this is alarming. Maybe, aside from regulations therr should a law or agreement on the security of an investment for the individuals who will going to join. In this way it will promote cryptocurrency and will definitely move crypto market actively.
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Idrisu
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October 10, 2018, 06:48:33 AM |
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Government Regulations may be good or bad, either way I am not sure what could really be the effect of regulations on cryptocurrency. On the contrary, the government regulations on stock market exchange was able to increase the number of investors by encouragement and building up trust and confidence of the investors for stock market exchange. Thus, making it clear that many individuals are getting involve in stock market doing day trade for them to profit. It was never known that regulations in cryptocurrency may be at help. I came across with an article about cryptocurrency regulations states that some of the investors were now worried and afraid that without clear regulations it will deprive them to enjoy the stay on cryptocurrency. Thus, will not help also the newcomers to feel secured in joining cryptocurrency. Given the regulatory uncertainty, the United States also risks allowing fraudulent purveyors of cryptocurrencies to drive out the good. To be sure, federal and state enforcement officials have aggressively sought to stamp out fraudulent initial coin offerings (ICOs) and cryptocurrency trading platforms. But without clear and coherent guidelines to attract good actors to the U.S. market, fraudsters might push out the good actors. At least one estimate pegs the frequency of ICO scams to be as high as 80%.have aggressively sought to stamp out fraudulent initial coin offerings (ICOs) and cryptocurrency trading platforms.
But what could really be the benefit of regulations? Cryptocurrency regulations could help promote order, consistency, and accountability within the cryptocurrency market without imposing undue burdens. And they will help the United States emerge as a wise leader in the regulation of cryptocurrency, which will spur entrepreneurship and innovation in this country. After all, wisdom — more than ignorance — is a truer form of bliss.
So, if one will make the best move to let cryptocurrency be regulated all over the countries around the world then definitely cryptocurrency will be next to stock market exchange. Maybe it could be better than stock market exchange because we are not talking about real money it is a digital currency which aims decentralized currency and to provide good service to its investors or consumers attracting low transaction fee than the current banking system. Hopefully this innovation will push through regulations. Reference: https://hbr.org/2018/07/how-regulation-could-help-cryptocurrencies-grow That is it an I don't know why some cryptocurrency enthusiast are against it. For sanity to come into this market it must be regulated. The disadvantages of not regulations is high than advantage. Stock market get to were it is today because it was regulated and if we want cryptocurrency to move to another level then we should allow governments regulate bitcoin and cryptocurrency.
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DAVETUN
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October 10, 2018, 07:32:51 AM |
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Government regulation is sure going to be an advantage to the cryptocurrency space, as investors will tend to have trust in the space nd ths will increase the awarness and number of the community,Thou government will benefit from tax to be collected, it will be a symbiotic relationship, cryptocurrency is the future stock market exchange, but this won't come to reality until there is government stamp on cryptocurrency.
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millensharon8
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October 10, 2018, 11:34:23 AM |
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Well, there is actually no doubt that we will get to see regulation bring this market to a matured state, but it should also be understood that it is something that would actually bring some changes. Obviously, not changes in protocol as most of the crypto market will remain decentralized until they have their protocols changed anyway and that is what makes it good since no one can be in control. The only control that will come with regulation is how exchanges act, the actions of people on the exchanges and how things like scam can be curtailed and really that is a good thing as far as I am concerned.
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manfredmann (OP)
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October 10, 2018, 05:47:17 PM |
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Government regulation is sure going , cryptocurrency is the future stock market exchange, but this won't come to reality until there is government stamp on cryptocurrency.
I had foreseen this also that cryptocurrency is the future of stock exchange but a better way than stock exchange market. The stock market exchange has gone good for government had stomp on it and taking it to the next level We'd hope that it will do the same with cryptocurrency.
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kryptqnick
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October 10, 2018, 07:10:52 PM |
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the government regulations on stock market exchange was able to increase the number of investors by encouragement and building up trust and confidence of the investors for stock market exchange. I came across with an article about cryptocurrency regulations states that some of the investors were now worried and afraid that without clear regulations it will deprive them to enjoy the stay on cryptocurrency. Thus, will not help also the newcomers to feel secured in joining cryptocurrency. But what could really be the benefit of regulations? Cryptocurrency regulations could help promote order, consistency, and accountability within the cryptocurrency market without imposing undue burdens. And they will help the United States emerge as a wise leader in the regulation of cryptocurrency, which will spur entrepreneurship and innovation in this country. After all, wisdom — more than ignorance — is a truer form of bliss.
Regulating stock makes sense to me, because there is supposed to be something standing behind the papers and numbers and it is nice when there's authority that can make some sort of insurance that completely illegit and useless things are not available. But cryptocurrencies are different. I think that they are, first of all, future means of payment. Money should not have a product behind it and should not be considered as investment. Surely, people often save some fiat for future or try to make profit from price differences when one kind of fiat is exchanged for another sometimes, but that's not the main usage of money. I think the same has to become true about cryptos and then only a part of ICOs (and their future coins/tokens) could qualify as assets to be regulated and taxed. I think it's unfair that the whole variety of what is called 'cryptocurrency' should be treated the same way and suffer because of how some people treat cryptos as something they invest in.
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b3llsf1l3s
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October 10, 2018, 11:48:57 PM |
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this can vary 180 degrees as happened in the stock exchange in my opinion. Why ? because fluctuations and volatility are the main problems, if we compare the stock exchange and cryptocurrency in this case it also differs greatly. so there will be two possibilities. win or fail
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hildacitra
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October 11, 2018, 01:04:54 AM |
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One should be known and understand that is all investment has risk moreover investing in Crypto decentralized system which has no an entity control it. It definitely has higher risk the traditional or real investment. However, all the risk can be minimize and anticipate as long as the investor deal and want to learn before dealing to invest in Crypto. So, it can not be said that crypto investment is risk, indeed real investment is risk if we do not comprehend it well.
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h0lybyte
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October 11, 2018, 01:31:01 AM |
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Regulations are helping not only stock markets but also any other assets whether it is digital or physical from being misused but of course the implementations on crypto are not regulations but obvious bans from government. Crypto is something that doesn't need to be governed/controlled , we should keep it as it is made for the ease of businesses and individuals
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Bitcotalk
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October 11, 2018, 07:49:56 AM |
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Government Regulations may be good or bad, either way I am not sure what could really be the effect of regulations on cryptocurrency. On the contrary, the government regulations on stock market exchange was able to increase the number of investors by encouragement and building up trust and confidence of the investors for stock market exchange. Thus, making it clear that many individuals are getting involve in stock market doing day trade for them to profit. It was never known that regulations in cryptocurrency may be at help. I came across with an article about cryptocurrency regulations states that some of the investors were now worried and afraid that without clear regulations it will deprive them to enjoy the stay on cryptocurrency. Thus, will not help also the newcomers to feel secured in joining cryptocurrency. Given the regulatory uncertainty, the United States also risks allowing fraudulent purveyors of cryptocurrencies to drive out the good. To be sure, federal and state enforcement officials have aggressively sought to stamp out fraudulent initial coin offerings (ICOs) and cryptocurrency trading platforms. But without clear and coherent guidelines to attract good actors to the U.S. market, fraudsters might push out the good actors. At least one estimate pegs the frequency of ICO scams to be as high as 80%.have aggressively sought to stamp out fraudulent initial coin offerings (ICOs) and cryptocurrency trading platforms.
But what could really be the benefit of regulations? Cryptocurrency regulations could help promote order, consistency, and accountability within the cryptocurrency market without imposing undue burdens. And they will help the United States emerge as a wise leader in the regulation of cryptocurrency, which will spur entrepreneurship and innovation in this country. After all, wisdom — more than ignorance — is a truer form of bliss.
So, if one will make the best move to let cryptocurrency be regulated all over the countries around the world then definitely cryptocurrency will be next to stock market exchange. Maybe it could be better than stock market exchange because we are not talking about real money it is a digital currency which aims decentralized currency and to provide good service to its investors or consumers attracting low transaction fee than the current banking system. Hopefully this innovation will push through regulations. Reference: https://hbr.org/2018/07/how-regulation-could-help-cryptocurrencies-grow Regulation is good and will bring about the space getting matured the more pretty fast. A lot of people may not like the sound of it, but from the look of things, it actually looks like humans cannot really do things nicely without having some people who will want to jeopardize it, and for that effect, for this space to grow fast, and to see a lot of scamming activities being reduced, the best way is to simply regulate it. We all know in a lawless country, there is no sin. There is lawlessness at the moment in the crypto space, and apparently, we all know that has given room to every evil doer to keep doing whatever they want to do easily.
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magneto
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October 11, 2018, 08:21:15 AM |
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On the one side, you have people who are arguing that regulations are able to bring a more mature environment for institutions to step into in order to invest, and lead to more adoption as people's trust in crypto rises. On the flip side, you'd also have some restrictive or draconian regulations especially in regards to KYC/AML requirements where it may not be as positive.
These are all valid. There are drawbacks and benefits of regulations. Honestly, at the end of the day, it's not up to us to decide the regulations, nor is there any way for us to stop certain regulation from happening.
For sure though, I can see that the image of bitcoin being something used in the underworld would clear up if more regulations came into place that are positive, and that could lead to more demand. But it still all depends.
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el kaka22
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October 11, 2018, 08:42:28 AM |
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Of course, regulation is something we even cannot shy away from as far as I am concerned and it would be of huge benefit to this space in terms of growth. This is an evolution that will disrupt a lot of things, but its function can be misused if care is not taken and that would limit the growth of the space in the long run.
Virtually, over 90% of ICOs are scams, and a lot of tokens or coins have no real life product and it is more like they are just running on some pyramid schemes, and as long as this keeps happening, it will keep giving the space a bad name just because of some bad eggs.
Regulation will curtail most of these things, while separating the bad eggs and eliminating them and with that kind of a situation, we get to have a matured space that can easily grow fast while leaving investors mind at rest. We need SMART regulation, and I hope this is something we will get to see.
We indeed need smart regulation as there is absolutely no doubt about that. I am happy you already made some reference to the things that has been occurring in the crypto economy for a while and how some bad ones are trying to utilize it for their own way they know how to do best. The only way this can really be curbed is when we tend to have the space regulated. There will be laws in place, some regulation framework in place; people won't just do things the way they like and so on. Nonetheless, a lot of the part of regulation has to do with the government not trying to bring regulations that would limit the growth of the space but at least, bring about something that would help with its growth, while removing that bad aspect of it at least to a very good extent, which is why I agree to the word you used as SMART regulation.
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xuan87
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October 13, 2018, 06:05:20 AM |
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Yeah maybe it can help crypto it's really depend on the regulations, by regulated crypto it can can give investors more secure feeling and it can boost it's popularity, but some people invest crypto because of the uniqueness, the decentralized feature could make someone got huge profit, if the regulations make the crypto same with Fiat investment,then some of the investors will quit investing in crypto
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feelivent
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October 13, 2018, 01:41:54 PM |
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Regulations saved the companies in those stock markets, not the stock market itself. The companies that leveraged their positions insanely actually lost a ton of money when the stock market crashed and right after that got saved by the regulations and goverments and they reinvested when the market was crashed and of course the new money coming in fixed a bit of the stock market which took time but the people in those markets actually lost a ton of money. So if cryptocurrency ever gets regulated I am 100% sure that whales will be saved whenever something bad happens and we will be the one thrown under the bus.
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nur rochid
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October 13, 2018, 03:13:28 PM |
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Regulations saved the companies in those stock markets, not the stock market itself. The companies that leveraged their positions insanely actually lost a ton of money when the stock market crashed and right after that got saved by the regulations and goverments and they reinvested when the market was crashed and of course the new money coming in fixed a bit of the stock market which took time but the people in those markets actually lost a ton of money. So if cryptocurrency ever gets regulated I am 100% sure that whales will be saved whenever something bad happens and we will be the one thrown under the bus.
with regulation will certainly increase investor confidence. moreover there is legality from government, which will be safer. and it is true that whales will lose space to move. that means market will return to health
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unusualfacts30
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October 13, 2018, 03:23:19 PM |
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Regulations saved the companies in those stock markets, not the stock market itself. The companies that leveraged their positions insanely actually lost a ton of money when the stock market crashed and right after that got saved by the regulations and goverments and they reinvested when the market was crashed and of course the new money coming in fixed a bit of the stock market which took time but the people in those markets actually lost a ton of money. So if cryptocurrency ever gets regulated I am 100% sure that whales will be saved whenever something bad happens and we will be the one thrown under the bus.
with regulation will certainly increase investor confidence. moreover there is legality from government, which will be safer. and it is true that whales will lose space to move. that means market will return to health I'm not sure why people think regulation on crypto market will be same as regulation in stock exchange. It's completely different environment and what worked in stock exchange may or may not work in crypto market due to high volatility. I don't think whales will just go away. Regulation may give people an illusion of more security.
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