We need regulation pretty bad

[poketis22]

I think that you need to wait for regulation if you already have a very large number of bitcoins which is enough for a happy life, because if the regulators come, you will not be able to earn such easy money as now.

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[Bossfidelity]

It's understandable to think that regulations can serve as a panacea to the issue of scams on the cryptosphere, but I personally don't see regulation as a solution to the prevalence of scam. Even with the high level regulations placed by government authorities we still have to deal with scam cases, this leaves me with the realization that the only way by which scam can be curtailed is by individuals getting themselves more informed.

[RealMalatesta]

Scammers will only stop if we start learning how to manage our finances properly and not giving free money to those who are just waiting for scam opportunities. The government is full of regulations but still lot of different scams are still happening with its presence so for crypto, we don't need regulations anymore as it might only worsen the present scenario.

Nobody would want to deliberately give their money to scammers freely, it is in the process of trying to look for an investment to drop their money pending when they need it and believing that it would have multiplied by then that they act so, but the mistake that they do make is not to scrutinize any project that they want to invest in first before doing so, knowing fully well that we have the market snakes.

I would not completely put blames on investors anyway because it is not really easy to spot out those bad project because every day they stay in crypto industry, they keep advancing just like those regulators too keeps advancing, which makes it difficult to tackle them, but it will still to an extent reduce the number of scam projects in the market if we get regulation.

[flemmings02]

Regulations can't solve the scams, even in regulated financial institutions, people are still scammed hugely. I think investors should learn to do research, avoid falling for conmen. Do not give out your money on hearsay.

Regulation might not be able to stop every scam out there in the crypto industry, but regulation will help to minimize to risks of scams and protect investors.

[kram31]

not pretty bad! though i do believe that regulation will be a big help.
YES, this regulation will make many countries accept the cryptocufrency not just on hteir country but most importnant is the acceptance of the local merchants.

[Mysteryla]

We have seen a glimpse of hoe regulation would be, through some STOs, peradventure it is eventually sorted after as the way to of scam projects. Yes, there have been STOs, but so many of them have failed. Scammers have also used the opportunity to scam a lot of people. Which, means it is not the solution we are looking for. IEO which is nt under any form of government regulation is better of.

[mickey_miner]

Apart from scam artists in crypto space we have too many unprofessional developers that falsely act like they are really good in a particular field and try to build blockchain based projects but failed in the end,if there is really any way to make blockchain available to only professionals that are qualified it would have been a different story for crypto,even scammers wont have a chance,this is why i think we need REGULATIONS pretty bad.

I think it's impossible. Have you ever seen a profession where beginners are forbidden to try to create something?

[hahay]

Indeed, regulations must be applied to minimize the scam project that all of us complain about, at least with the regulations made it will prove that if the developer is an expert in his field then he will get an official certificate which indeed will become a proof if the developer has a real product and will be consistent to build a project to achieve success.

[freedomgo]

Indeed, regulations must be applied to minimize the scam project that all of us complain about, at least with the regulations made it will prove that if the developer is an expert in his field then he will get an official certificate which indeed will become a proof if the developer has a real product and will be consistent to build a project to achieve success.

It's expected that regulation will become more strict in the long run to prevent scams, we know even with regulation it cannot totally eliminate the scams but at least it will be minimize, it will make the market attractive.

With KYC now as the basic requirement, we've already seen people complaining about this, how much more if there are more requirements in the future.
We actually have no choice but to fully adopt in this government regulation because this is only created for the good of the majority if not for everyone.

[torpedo]

I think, regulations will not just solve our issues. You see, in a very well regulated systems like our Fiat systems where even though being tight, scams are pretty much happening over there also. People will find a way to be scammed and will always find a way to invest in some shit coins, through other means if not by the regular ones.

[Nasonn]

Well regulation could heo but it has its own challenges which will play on the market. For instance government could outline the amount of trades or transactions that should be made daily by an individual this could stall the whole cryptocurrency space. If community members can come together to point these devs out it will be effective.

[Judge-Dredd]

Regulations will only make progress and adoption more difficult. What we NEED is the free market to shake out all the fakes. This is going to happen asbtime progresses. Yes people will get burned in the process. Crypto is not something to walk in to and throw your life savings at withiut first doing all the research necessary to feel secure in what you're investing it. Don't by brands and charisma. Buy real potential.

[smyslov]

Apart from scam artists in crypto space we have too many unprofessional developers that falsely act like they are really good in a particular field and try to build blockchain based projects but failed in the end,if there is really any way to make blockchain available to only professionals that are qualified it would have been a different story for crypto,even scammers wont have a chance,this is why i think we need REGULATIONS pretty bad.

Ok give us suggestions on who will run the regulation, will it be company based or a group of so-called experts, ICO here is free for all, you just set up criteria and interact with trusted members here who knows what scam projects look like and you are good to go, I hater entrusting my decision to companies and so-called experts.

[matchi2011]

Regulations will only make progress and adoption more difficult. What we NEED is the free market to shake out all the fakes. This is going to happen asbtime progresses. Yes people will get burned in the process. Crypto is not something to walk in to and throw your life savings at withiut first doing all the research necessary to feel secure in what you're investing it. Don't by brands and charisma. Buy real potential.

In the other side, regulation if being implemented properly is will bring hype to entire industry, bringing  more involvement from people who
also looking around and wanted to invest to this market. With proper use of any regulating bodies it will soon be adopted and attract more
new people to place more invested money. Engagement with this industry needs  to be open with any possible changes.

[J1mb0]

Since cryptocurrencies have not been widely recognized in the world, there are still no specific regulations to manage it. The best way is that every investor should research a project carefully before investing in it.

[Ken_terrance]

Ive decide not to expect any more surprises from any upcoming news or hyped products in crypto, bakkt failed my expectation and now regulation is the only thing left, what if nothing happens after regulation? i'd rather lean on my research and keep learning more about ways to make profits in crypto

[pungopete468]

Some countries have given a position regarding cryptocurrency, some support and also prohibit. this is proof that at this time cryptocurrency is now widely seen by many people and in my opinion will be a big development later

[ariyzt]

i think that bad idea , whenever blockchain and cryptocurrency being control by govermen. Even on system payment that already regulated fraud and scam still exist there. What we need is just peoples need more education about cryptocurrency

[Kemangi]

There is no way to eliminate fraud and regulations are not golden bullets to fight scammers. as we know that the origin of fraud is based on one's level of expertise, I mean they misuse expertise for personal gain. the problem is there

[noormcs5]

i think that bad idea , whenever blockchain and cryptocurrency being control by govermen. Even on system payment that already regulated fraud and scam still exist there. What we need is just peoples need more education about cryptocurrency

Why would we want bitcoins and crypto to be regulated or controlled by the central authority ? If i am not wrong, digital currencies are being used to eliminate the middle man or the government to interfere the money matters and to avoid the necessary burden of taxes. If we allow governments to take control of digital currencies too, then it is better to stick with Fiat.