Crypto regulations still have a chance?

[Festac]

If regulations finally finds its way into crypto space it will give many people the nerve to invest in crypto, that's all I believe that regulation can do for crypto, as for scammers it's a different problem that regulations can't solve, those who engages in crypto should be responsible for their safety.

[GelsoAM]

Is scammers the main problem in crypto? Well, No. But it's definitely a huge problem for crypto. but that can be prevented easily. Most people get scammed because they lack information on what crypto is. All they care about is earning money and earning it easily. But with just a few minutes of their time to just learn about the basics a huge amount of scams out there will go away or will be avoided. But the problem in crypto that the government still doesn't regulate it or make it "legal" This is the stepping stone the crypto needs to overcome. Which will be accomplished when crypto will make a reputation to itself as "Safe" and "Reliable".

[Questat]

If regulations finally finds its way into crypto space it will give many people the nerve to invest in crypto, that's all I believe that regulation can do for crypto, as for scammers it's a different problem that regulations can't solve, those who engages in crypto should be responsible for their safety.

Scammers will doubt of scamming people when there is a full regulation.
Most of the scams in the past are coming from ponzi scheme and ICO, so if the market is regulated, ICO has to be registered and with that, it's easy for the authority to track those who commit illegal activities with their ICO, that's what regulation can do, it will not totally eliminate scams but it will help to reduce it.

[SyndicateLabs]

If regulations finally finds its way into crypto space it will give many people the nerve to invest in crypto, that's all I believe that regulation can do for crypto, as for scammers it's a different problem that regulations can't solve, those who engages in crypto should be responsible for their safety.

Scammers will doubt of scamming people when there is a full regulation.
Most of the scams in the past are coming from ponzi scheme and ICO, so if the market is regulated, ICO has to be registered and with that, it's easy for the authority to track those who commit illegal activities with their ICO, that's what regulation can do, it will not totally eliminate scams but it will help to reduce it.

I agree with you, just control the ICO, I believe this market will be controlled and there will be no more scammer in this market. The current market crash is because ICOs have destroyed and caused a lot of people to lose faith in this market.

[IamAltcoinfan]

There is no way of avoiding scammers . But we can safe our self educating about crypto currency has to have moderate understandign of blockchain and its purpose . There is no free money . If anything announce airdrop or bounty find the purpose read the article . Airdrops and other way of distributing currency  is only the marketing strategy . So if we are following any random mails or messages regarding free money then we will be trapped . Second point is dont be too greedy . Scammers always trigger our greedy mindset .

[davidroux]

If regulations finally finds its way into crypto space it will give many people the nerve to invest in crypto, that's all I believe that regulation can do for crypto, as for scammers it's a different problem that regulations can't solve, those who engages in crypto should be responsible for their safety.

Scammers will doubt of scamming people when there is a full regulation.
Most of the scams in the past are coming from ponzi scheme and ICO, so if the market is regulated, ICO has to be registered and with that, it's easy for the authority to track those who commit illegal activities with their ICO, that's what regulation can do, it will not totally eliminate scams but it will help to reduce it.

I agree with you, just control the ICO, I believe this market will be controlled and there will be no more scammer in this market. The current market crash is because ICOs have destroyed and caused a lot of people to lose faith in this market.

ICO is revolutionary in this market, and about three years ago, ICO were considered as the most profitable investment in this market, but after that boom period, the ICO projects got worse. I also lost faith in ICO projects and no longer invested as much as before because I lost a huge amount of money, and until now I still cannot earn. However, if you want to invest, you should choose IEO projects because these are very popular options for investors this year.

[Sebas.tian]

The central finance systems are not spare from scammers even the government who operate the Centralized systems have been dupped several times without anyone identities be find. Banks have been robbed without any trace of the robbers, with this, even when the government bring into cryptocurrency regulations, believe me those scammers will still find their ways into fraud in the systems. Regulations won't be an Almighty formula for the rescue of cryptocurrency from fraudulent activities.

[ecnalubma]

I doubt that regulations could deter scams in the crypto space because even in the regulated markets scams still happening. Well atleast if the market is regulated we will know who runs the business also law could easily be enforced if the team committed violations or stole the funds of their investors.

[filterMX]

Are you sure that the biggest crypto problem is a scammers? For total newbies - maybe. But actually if we are talking about big players regulators are much more important. Some merchants not ready to accept crypto in some countires because its illigal or, at least, not allowed

That's right because before cryptocurrency was passed, investors were hesitant to invest in it, I believe if the whole world had legalized cryptocurrency, the price of bitcoin and altcoin would soar higher than the current price.

[omnik]

If regulations finally finds its way into crypto space it will give many people the nerve to invest in crypto, that's all I believe that regulation can do for crypto, as for scammers it's a different problem that regulations can't solve, those who engages in crypto should be responsible for their safety.

Scammers will doubt of scamming people when there is a full regulation.
Most of the scams in the past are coming from ponzi scheme and ICO, so if the market is regulated, ICO has to be registered and with that, it's easy for the authority to track those who commit illegal activities with their ICO, that's what regulation can do, it will not totally eliminate scams but it will help to reduce it.

I agree with you, just control the ICO, I believe this market will be controlled and there will be no more scammer in this market. The current market crash is because ICOs have destroyed and caused a lot of people to lose faith in this market.

The main problem is how you can do that on the open market like crypto when everyone able even creates their own contract and listed it into the exchange site (scam exchange site).
That needs a huge pressure to make it happen.

[Script3d]

If regulations finally finds its way into crypto space it will give many people the nerve to invest in crypto, that's all I believe that regulation can do for crypto, as for scammers it's a different problem that regulations can't solve, those who engages in crypto should be responsible for their safety.

Scammers will doubt of scamming people when there is a full regulation.
Most of the scams in the past are coming from ponzi scheme and ICO, so if the market is regulated, ICO has to be registered and with that, it's easy for the authority to track those who commit illegal activities with their ICO, that's what regulation can do, it will not totally eliminate scams but it will help to reduce it.

I agree with you, just control the ICO, I believe this market will be controlled and there will be no more scammer in this market. The current market crash is because ICOs have destroyed and caused a lot of people to lose faith in this market.

The main problem is how you can do that on the open market like crypto when everyone able even creates their own contract and listed it into the exchange site (scam exchange site).
That needs a huge pressure to make it happen.

I don't really see a problem if an ico is listed in a shady exchange,  people would be cautious if the exchange has a terrible reputation, i think gullible people would only fall for it.

[Chrystora123]

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?

actually simple..  if there is a regulation means there is a legal umbrella if there is a legal umbrella means all types of activities related to cryptocurrency (trading, wallet, investment, transactions) are supervised, protected, and guaranteed by the state.  You cannot catch a scammer if fraud related to crypto is not a cybercrime.  I have no problem with the state taking a small portion of the crypto tax from each transaction that takes place during you, me, and all the existing crypto players who have crypto assets in the protected of the country's law..

[danielchris]

If there is a chance to centralized crypto currency l think  it would be a good earnings source. So l can say crypto regulation still have a  chance to get good earnings in future. I think so.

[XCANA]

the opportunity is always there, let alone the crypto currency can change the world better,
but a big country like the United States will certainly not remain silent to fight bitcoin

You are correct, not only the united state but other  countries will definitely do because of their investment into the fiats system. They have fought Bitcoin during it early days and lost their battle against bitcoin because of it technological advancement. In my opinion there is nothing they can do to stop the adoption of Bitcoin than to adapt the technology. We are ready for regulations to carry-on the adoption, but one thing is certain that they can't ban Bitcoin.

[shaheer001]

The regulation will boost up the crypto market as there are many countries which do not allow crypto trading as they say it is illegal. After regulation, the crypto market will accept for all countries and this will increase the ranking and popularity of the altcoin market.

[coronga]

unfortunately, we will need to go thought it, some governments don't understand how crypto works and how they want to screw everything some will try to do the same with cryptos, not good at all but we need to pass thought it.

[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.

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.

Investments are risky though, I didn't talk about new projects in the crypto space anyway. Yes many new projects are scamming people so people see every new project as scam but its their own choice whether to invest on a project or not but if you ask me I won't with the current trend.Why you want to invest on a new project when you have thousands of them are existing here already.

[Google+]

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.

as far as I know from the writing in whitepaper satoshi nakamoto said that he wanted to create something that could only be controlled by himself as the owner of the coin meaning that no one could control the coin cryptocurrency other than the owner itself meaning regulation for bitcoin would not be needed but for other cryptocurrency like altcoin may still be needed.

[Vitalicus]

Did the scammers outside crypto go away? I don't think so.
Remember outside our crypto space is regulated and there are still plenty of scams and hackers that aren't able to be tracked.
In Facebook, there's quite plenty of those "properly-groomed" looking businessman with just a dirty intentions to grab your money and heck they can still get away.
Regulations aren't solution for scams.

However, regulations can somewhat reduce the scams! You just said like ''there's crime all over the world despite that we have the laws". It sounds ridiculous. Agree that there are many scammers and the regulations can't stop all of them, but can stop some! Better have something than nothing right?

[joseyphil82]

Regulation will help a bit, scams can reduced but not entirely wiped out, regulations is like the law and a world without the law is going to be a living hell, regulation will work but not 100 percent