Crypto regulations still have a chance?

[adzino]

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?

If crypto currencies are going to be completely regulated, then they no longer will remain decentralized. They government will get power over the currency. You won't be enjoying your financial freedom anymore. Bitcoin can never be a centralized coin. It was made to be completely decentralized.
The government can come up with their own centralized regulated currency.

[timmmers]

I do not see any regulations in my country, even nobody knows how to regularly pay taxes from crypto profits. So yes, we can expect that regulations come, but we do not know if this help cryptocurrencies with adoption or not. Nobody knows it. We can only pray, that it opens the door for many clients that are waiting for positive regulations.

[tbterryboy]

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 and decentralization are different things that people mistake with each other. Regulations means "you can't buy 100 bitcoins anonymously, if you do that will be illegal" which is fine, decentralized means "government can't bring 1 million bitcoin and give it to companies" those are totally different things. Regulations are a way to control what you do with money, decentralization is about controlling the money itself and not what you do with it.

So, regulations could be helpful, I personally do not care if government checks what I do with my coins, they can trace me and see that I usually buy regular stuff like food and clothes and so forth and pay my bills and credit cards with it. If you are doing anything you want to hide from the government, there are coins like monero for it.

[michellee]

If you talk about the scammers, I think we already have our personal regulations which are we must be careful when we want to invest in the project. We already search for more about the project before we invest, and I think that is enough for us to prevent the scammers. Even the government will not easy to find the scammers, but they will use many things to catch the scammers.

[someone703]

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

[VDraci]

To control money laundering crypto exchanges have already implement KYC, on binance buying Bitcoin over 5000$ requires KYC, and that's a good move from exchanges but regulations have no power over scammers, we are into paper money which is from the government and yet hacks still happens on bank accounts, this says everything.

[VDraci]

For bank account you still have to safeguard your online details like password and your ATM card security is all your responsibility, why is that? So government getting involved in crypto won't bring anything new, government hates crypto because they can't control it and that's why crypto is wonderful, the true act of freedom against the government

[Teraboy]

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

So many times SEC have been catching the scammers from the various project and it looks like the effort that has been doing by SEC didn't even work to give punishment to the scammers and more and more scammer are still around us. That has proven the regulation is not so effective.

[Byakuga]

With or without regulation scammers won't leave this space alone, it's left for crypto fans to keep themselves out if trouble and losses, regulations from government won't make a difference and mind you this won't stop crypto adoption in future, in the end countries won't have choice than to accept Cryptocurrencies

[Byakuga]

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

So many times SEC have been catching the scammers from the various project and it looks like the effort that has been doing by SEC didn't even work to give punishment to the scammers and more and more scammer are still around us. That has proven the regulation is not so effective.

Good point, things should be better now since SEC keeps hammering hard on scam ICO projects but instead more scam projects keeps coming, for online business users are at their own risk, government won't safe you but do more damages.

[Tomohisa]

Many people belief that the only solution crypto space needed is regulations,

If that is what they believe then I could say they're just a minority compared to many others against regulations. There are many ways to combat scams, not just force regulations on everyone and things that will compromise the whole decentralized that make crypto become popular today.

[minairia3]

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?

There are some who agrees on this idea, also you are right. Scammers are the greatest threat on this business. Many people have been affected and fooles by these guys. If you think about it, regulations can somehow limit or decrease cases of scam if there is a providence applied mostly on ICO generated sites then these events will be lessen. Im not totally agree with some additional regulations cause Im sure this will be abused by authorities, but if they could draft a more comprehensive one that will end this then maybe I'll change my mind.

[Vaculin]

Many people belief that the only solution crypto space needed is regulations, what will this solve?

That will solve below

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?

It will not totally eliminate the scammers in the space but it will significantly minimize the scams.
Big portion of the scams are from crowdsale, if they are all regulated, they will have to comply all the necessary requirement first before running an ICO or IEO, and if they scam, the government can go after them easily as they know all the information from the team who run the crowdsale.

[Coin_trader]

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?

There are some who agrees on this idea, also you are right. Scammers are the greatest threat on this business. Many people have been affected and fooles by these guys. If you think about it, regulations can somehow limit or decrease cases of scam if there is a providence applied mostly on ICO generated sites then these events will be lessen. Im not totally agree with some additional regulations cause Im sure this will be abused by authorities, but if they could draft a more comprehensive one that will end this then maybe I'll change my mind.

Regulation focuses on how to tax and watch the move of every crypto, Both startup project and exchange which is somehow needed based on the past issues that we experienced before like Mt.Gox exit scam and tons of ICO scam. Technically, Pure decentralized will not really work on our current condition. Let's admit it, even the famous BTC are now being regulated thru the used of exchange which is the only place to buy bitcoin unless you buy OTC which is quite risky IMHO.

[Botnake]

I also believe that the solution for massive adoption is the crypto regulation, when the market is regulated, people will feel the security, that is why the decentralized system cannot beat the centralized system since we have the government that will implement and monitor the law.
Decentralized system gives full freedom but it's very risky, and not a lot of people are high risk takers.

Maybe there will be manipulation but more from the government, so we need to vote wisely on who will govern us.

Crypto was build as a decentralized system but it can't prosper without the help and support of the government, this is a revolutionary technology that requires the support of the government to succeed.

[mu_enrico]

^ Regulation only means that the government allows the usage of crypto and removes some risks associated with scams, but that's about it. Cryptocurrency as a product still need to compete with other products, that's my concern.

* If it's about the store of value (sovereignty), it needs to compete with the gold.
* If it's about the payment system, fintech businesses are the leading competitor.

Atm, the strongest crypto use case still only for gambling and trading/speculation.

[gwaposakon]

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?

Although regulation is opposite the aim of crypto for decentralization, I think the government puts out this policy to control abuse of projects. It put some sense of order to the industry. But if it controls too much the way the industry flows, it is also bad. Crypto is becoming mainstream that is why scammers are growing also.

[X-ray]

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?

Although regulation is opposite the aim of crypto for decentralization, I think the government puts out this policy to control abuse of projects. It put some sense of order to the industry. But if it controls too much the way the industry flows, it is also bad. Crypto is becoming mainstream that is why scammers are growing also.

The government is not wrong at all consider the government is also wanna try to protecting their investors from the scammers and it's not against the decentralization of crypto. The only way to avoid the scammer was through doing our own research to the project and never try to fall into the a big promises.

[Japinat]

We don't ask for regulation, it will just come, the government are just watching us and sooner when the market gets bigger, they will dive in to regular crypto, that way they will get some taxes from us investors.

It's not new, as anything in this world can be touch by the government, so if we are hoping for full decentralization and full privacy, that would not happen as long as we have a government. Maybe for some countries crypto are not yet so popular so the government has not seen them yet or they haven't thought of regulating the market yet, but crypto will mature due to the increasing adoption and eventually the time will come that a certain country will be regulated.

The future of crypto is full regulation, and massive adoption will come next.

[shoreno]

if what your saying was true that crypto regulations only work on centralized exchanges , they cant monitor the scams that are going outside the platform like example a scamer go lurk on social media and ask someone with a good deal . the user that trades on that centralized exchange can get scammed without the exchange knowing it and will be too late to blocked his account . ive seen lots of this happening lately  . we need wider support for regulation