Crypto regulations still have a chance?

[Botnake]

People needs something to lean on and only regulations can get them that, regulations can only solve trust issues that crypto is currently facing, nothing more, most people wants government approval before investing on crypto

Agree, investor's confidence in crypto will certainly increase, with that, more money will flow in the market and that would help us to increase the adoption that would eventually decrease the manipulation in the market. We all like that so we need to agree with the regulation and let us not think it has no chance since crypto is growing with lots of businesses already adapting to it and that would already call the government attention to legalize crypto.

[DDante]

Only those who like been controlled by government will pray for regulations, they want to do things only when the government says they should, the world is full of such people this days and that's the only good thing that regulations can guarantee us, regulations can't deal with scammers 100%

[beveryu778]

You cannot remove a scammer from this market. And scammer exists everywhere, so you need to protect yourself from them. If you do not have the knowledge, you will surely be fooled and lose money

Yes, I do agree with you, it is not even possible to make this place completely scammer free because they exist everywhere and each and every time they come with a different strategy. That's why it's is a bit difficult task and due to such conditions, we have to keep information about the scams and research about it to understand it in a better manner. This kind of knowledge will help you to not get involved in scams. 

[bitgolden]

investor's confidence in crypto will certainly increase, with that, more money will flow in the market and that would help us to increase the adoption that would eventually decrease the manipulation in the market. We all like that so we need to agree with the regulation and let us not think it has no chance since crypto is growing with lots of businesses already adapting to it and that would already call the government attention to legalize crypto.

With regulation, for example, you may not be able to create as many as bitcoin addresses you want. Government will allocate one or two bitcoin addresses for you and only with that you may transact bitcoins. This will help governments to track you easily. You cannot be anonymous even with bitcoin payments. This is how exactly regulation will work if regulation will be implemented.

I agree that regulation will increase confidence among investors but that benefit will exist only in short-term because in long run governments start interfering in all your crypto activities. We like or not that one day or other governments may start implementing regulations but we must innovate to stay safer in terms of protecting our privacy and our savings.

[ameliana]

maybe, with the presence of crypto regulations can at least eliminate the ICO project fraud in this forum, but the problem is who can manage this? government? President? because I think there are some countries that don't like the crypto industry.

[LbtalkL]

The regulations will not really solve this issue, But I guess it will minimize those bad activities which are good. Scammers will always find a way there so annoying. In our status now looks like we really need the regulation to enable us to attain crypto adoption so that more people will trust and feel safe with cryptocurrency but regulation now is strict on big projects like Facebook Libra considering it has so many users, I guess it takes time but for sure we are going there.

[CryptopreneurBrainboss]

Many people belief that the only solution crypto space needed is regulations, what will this solve? The biggest crypto problem is scammers, how can regulations cure this disease? Because regulations can only work on centralized exchanges and projects, what do you think? Drop your thoughts and let's hear you out?

Well I'm just going to ignore all the numerous replies this thread has already gotten so I can air my view too. Jugding from what we see in our everyday life, irrespective of all the government body has done to regulated the system the system still experience same difficulties as the cryptocurrency space like identity theft, scamming etc.

That's just to say the problem isn't about regulations but the society in general. Regulation might reduce the rate at which this crimes/scams are been performed but it doesn't eliminate them totally instead with the help of the blockchain through its dApp we can work something out. Instead of fighting for regulations lets workout a solution that'll eliminate the problem totally.

[Teraboy]

People needs something to lean on and only regulations can get them that, regulations can only solve trust issues that crypto is currently facing, nothing more, most people wants government approval before investing on crypto

The regulation is not the only way but people must educated themselves to be familiar how to avoid the scam project. Due diligence is much more important than the regulation while we know that crypto is decentralized ecosystem. I think that regulation is not everything.

[pixie85]

Many people belief that the only solution crypto space needed is regulations, what will this solve? The biggest crypto problem is scammers, how can regulations cure this disease? Because regulations can only work on centralized exchanges and projects, what do you think? Drop your thoughts and let's hear you out?

I think only regulations can stop cryptocurrency dump because scammers can announce only fake projects. Regulations are needed everywhere in our universe. Some regulations should be fixed from blockchain. If new projects choose this blockchain, they have to follow these rules like they can't increase or release any amount of tokens they want and coin should have maximum supply.

If you think that the government and their rules will save you from being scammed you must be living in a different world.
Regulations aren't needed and won't change much. They will reduce the number of scams but only those who are not cunning and daring enough.

I'm sorry but I will disagree with that, for me, regulation will protect investors from investing in crypto, though it's pretty basic that everyone who are investing must have the knowledge but sometimes there are project that looks deceiving because they look legit, without regulation, they will be very confident with their scam activities.

The regulation will punish those who violate the law, especially the scammers of those, therefore it will reduce the scams as no one would commit a crime and end up to be in jail.

It's not the scammers that are the biggest problem in crypto but the people who grew up thinking due diligence is not important because there's a government official's shoulder to cry on.

With regulation, there will be more businesses going to adopt with crypo and they will be the one to make an initiative to help spread the awareness on  the risk of crypto investing, and that would help people to understand the real status on crypto in terms of its risk. Regulation will help minimize the scams, that's for sure, but it will not eliminate the scams, and we always choose regulation as it would help majority of us.

Are you sure regulations are meant to work like that? What are they suppoosed to protect? Make you not invest? Make you not lose money by choosing the wrong coin?
By all means, disagree with me, but you have not given any serious points to back your opinion.

There are deceiving projects but there's so many legit ones running alongside it. Why do you feel compelled to choose that new one nobody knows nothing about?

[joinfree]

Regulating activities in crypto will only solve just a fraction of the problem and the real question is which of the decentralized blockchain networks might prefer them being regulated? I don't think any of them would. The best thing thing that the government can do is to create their own digital currencies and regulate them.

[Findingnemo]

Many people belief that the only solution crypto space needed is regulations, what will this solve? The biggest crypto problem is scammers, how can regulations cure this disease? Because regulations can only work on centralized exchanges and projects, what do you think? Drop your thoughts and let's hear you out?

Regulations are for what should we do and don't with this money which also will cover up with the laws if someone get scammed but in reality fiat also regulated and issued by government then why still people lose their money to scammers in different ways.

So the real way to end the scammers is to learn how to identify legitimate and scam offers.

[nikki4]

Regulating activities in crypto will only solve just a fraction of the problem and the real question is which of the decentralized blockchain networks might prefer them being regulated? I don't think any of them would. The best thing thing that the government can do is to create their own digital currencies and regulate them.

Own currency of government and fiat currency, what is the difference? The government hasn't any interest in its own currency, only wants control whatever it is. We have a huge currency more than we wanted. Regulations of cryptocurrency doesn't work in scam projects. In Binance several IEO were successful but the price dropped. Coin release regulations could work in cryptocurrency.

[torrantz]

Only those who like been controlled by government will pray for regulations, they want to do things only when the government says they should, the world is full of such people this days and that's the only good thing that regulations can guarantee us, regulations can't deal with scammers 100%

in fact that at least the regulation gives a chance for investors to get their money back. As long as you can create a good report to the regulators about the scam project and the authorities will be tracking it and started to catch the scammers. We have learned a lot from bitclave.

[7788bitcoin]

People needs something to lean on and only regulations can get them that, regulations can only solve trust issues that crypto is currently facing, nothing more, most people wants government approval before investing on crypto

There are many negative and positive aspect of regulation, once every country enforces regulation you need to forget about privacy as you cannot have your privacy while moving your coins if it is regulated and then the positive aspect is getting rid of the scams, including exchanges and the token industry which is infected with scams and we need regulation on that.

[Denreal]

Many people belief that the only solution crypto space needed is regulations, what will this solve? The biggest crypto problem is scammers, how can regulations cure this disease? Because regulations can only work on centralized exchanges and projects, what do you think? Drop your thoughts and let's hear you out?

Regulations are for what should we do and don't with this money which also will cover up with the laws if someone get scammed but in reality fiat also regulated and issued by government then why still people lose their money to scammers in different ways.

So the real way to end the scammers is to learn how to identify legitimate and scam offers.

It could have been good if they can be easily identified. The major problem some investors are facing in the crypto space is how to identify good projects. There are r=times that the project you feel is bad or a scam project, ending up well and growing so much after listing on exchnage, then even a project that is believed to be legitimate.
These days, it is more of what you are able to risk, but better not to risk your life savings with it.

[Yamifoud]

Many people belief that the only solution crypto space needed is regulations, what will this solve? The biggest crypto problem is scammers, how can regulations cure this disease? Because regulations can only work on centralized exchanges and projects, what do you think? Drop your thoughts and let's hear you out?

I agreed to have that regulation if we all benefiting this equally. But somehow it could put into saying that we might be controlled by the government if this will happens and that makes the community have to oppose this thing. Besides, we have already been in the market for more than a decade and there is no such thing (regulation), we build its foundation stronger without the support form the government and that makes no sense to look for regulations rather than to live of what we have now and of what we started.

However, if the government will pursue such a thing and could agree both parties, that seems to be possible. But anyway, people will take the risk if they want to even without seeing any regulations or whatever it is.

[slashz9]

the only problem is how to identify scamer, maybe for now regulation is indeed the best way to overcome scamer.
but we hope that in the future we will find new solutions, because crypto is not decentralized and not centralized.

[coiner-88]

Bitcoin network, it will keep on working. When people will fully abandon Bitcoin, the network won't go anywhere. As long as people use Bitcoin for payments, donations, or trading, it has its value and this won't change. cryptocurrencies, though few formal rules have actually been introduced. New York became the first state in the U.S. to regulate virtual currency companies through state agency rule making.

[aioc]

Many people belief that the only solution crypto space needed is regulations, what will this solve? The biggest crypto problem is scammers, how can regulations cure this disease? Because regulations can only work on centralized exchanges and projects, what do you think? Drop your thoughts and let's hear you out?

I am not defending the scammers, scammers will always try to scam, that's their nature and the way they think they always find a way, education is the key, and awareness on how the scammers works, and why the need to regulate, this is not how things should go Satoshi envisioned a decentralized monetary system, not going back to what he and we don't want.

[irixo10]

Many people belief that the only solution crypto space needed is regulations, what will this solve? The biggest crypto problem is scammers, how can regulations cure this disease? Because regulations can only work on centralized exchanges and projects, what do you think? Drop your thoughts and let's hear you out?

I think there is more to this regulations of a thing than we know. What we should understand is that, almost in every industry, there are scammers who will keep ripping off the industry to enrich themselves of which aside the crypto space, the financial industry is also one of such. In my own opinion, regulations won't likely work because that would be giving out power to the government to start manipulating things the way they want. Scammers are everywhere both in the crypto space and otherwise, and once they have the opportunity they will strike; in the case of the crypto space, the reason why it is good to be careful of projects we invest in, if we can't deal with new projects nor have the strength to research about them prior to investing and/or holding, there are already developed and trusted projects to look into.