Regulations for crypto currencies

[towi078]

Regulatory issues for cryptocurrency have actually been around for a long time.  In fact, it was several years ago.  But it seems, in the past year or so, it has become a serious topic of discussion in several countries.  And it seems, some countries will soon implement it.  What I personally think is, if true, many countries start implementing regulations for crypto currency, will this change the nature of crypto, namely decentralization to not being fully decentralized?  What do your friends think here?  Please share, hopefully this can add insight for all of us 😊🙏

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[indah rezqi]

There are already several countries that allow crypto to transact and the last country is El Salvador which legalized Bitcoin as a legal tender and in my opinion El Salvador was one of the first countries to legalize Bitcoin. The implementation carried out by the country to the people there who are not pushy makes me believe that the benefits that will be obtained are very large because as I know that cryptocurrency has a transparent and very easy transaction system.

[blockman]

Regulatory issues for cryptocurrency have actually been around for a long time.  In fact, it was several years ago.  But it seems, in the past year or so, it has become a serious topic of discussion in several countries.  And it seems, some countries will soon implement it.  What I personally think is, if true, many countries start implementing regulations for crypto currency, will this change the nature of crypto, namely decentralization to not being fully decentralized?  What do your friends think here?  Please share, hopefully this can add insight for all of us 😊🙏

It will change the actual scene and we have to embrace the government's ruling towards crypto. We can't do something with that, they're also adopting.
But the thing is that they're the ones that dictate what should we do and what's a must and what we shouldn't do. At some point, it's also going to help the market itself because there's the support of the government and this give peace and worry-free to the new investors that are still in doubt.

[aprilnot]

Regulatory issues for cryptocurrency have actually been around for a long time.  In fact, it was several years ago.  But it seems, in the past year or so, it has become a serious topic of discussion in several countries.  And it seems, some countries will soon implement it.  What I personally think is, if true, many countries start implementing regulations for crypto currency, will this change the nature of crypto, namely decentralization to not being fully decentralized?  What do your friends think here?  Please share, hopefully this can add insight for all of us 😊🙏

if it's good and speed up adoption i have no problem with this. regulation is like a double edged knife. On the one hand, this is good because crypto is recognized and considered legal. on the other hand, regulation makes the decentralized nature of crypto fade away. Strict scrutiny from regulators makes crypto seem to lose something that is most important. but if we want to make crypto a global currency, we need regulation for all of it. so it's like a dilemma for us right now.

[Beparanf]

Regulatory issues for cryptocurrency have actually been around for a long time.  In fact, it was several years ago.  But it seems, in the past year or so, it has become a serious topic of discussion in several countries.  And it seems, some countries will soon implement it.  What I personally think is, if true, many countries start implementing regulations for crypto currency, will this change the nature of crypto, namely decentralization to not being fully decentralized?  What do your friends think here?  Please share, hopefully this can add insight for all of us 😊🙏

Most of the countries that publicly involved in crypto has already implemented regulations since they started accepting crypto currencies. I believe most the Country that will have an interest on crypto will surely follow since they will lose a lot of money if they allow crypto freely trade without any regulation.

Regulations will make crypto more stronger because user will have a protection for a possible abused by scammer.

[Ararbermas]

Regulatory issues for cryptocurrency have actually been around for a long time.  In fact, it was several years ago.  But it seems, in the past year or so, it has become a serious topic of discussion in several countries.  And it seems, some countries will soon implement it.  What I personally think is, if true, many countries start implementing regulations for crypto currency, will this change the nature of crypto, namely decentralization to not being fully decentralized?  What do your friends think here?  Please share, hopefully this can add insight for all of us 😊🙏

well there will be a good improvement of crypto if in the future the adoption of crypto will increase more, indeed that's how it always work wherein because of adoption.. And it will become so expensive for sure like what governments trying to do with crypto so that they can stop people from buying crypto. Lol i don't think its possible since crypto space is like a roller-coaster. But yeah mate keep holding if you have cryptos in your wallet because you can get a good return from it in the end of the day because crypto market is really improving every year because of such reasons..

[cabron]

Regulatory issues for cryptocurrency have actually been around for a long time.  In fact, it was several years ago.  But it seems, in the past year or so, it has become a serious topic of discussion in several countries.  And it seems, some countries will soon implement it.  What I personally think is, if true, many countries start implementing regulations for crypto currency, will this change the nature of crypto, namely decentralization to not being fully decentralized?  What do your friends think here?  Please share, hopefully this can add insight for all of us 😊🙏

Most of the countries that publicly involved in crypto has already implemented regulations since they started accepting crypto currencies. I believe most the Country that will have an interest on crypto will surely follow since they will lose a lot of money if they allow crypto freely trade without any regulation.

Regulations will make crypto more stronger because user will have a protection for a possible abused by scammer.

There will be coins that will remain decentralized but will only be subjected to regulations when they circulate in the market. Regulations are good, it makes this market trustworthy. If it's a trustworthy market, countries will have an interest in it.  

It's best for countries to actually make their regulations now so that their people will have the chance to hedge their local currency against inflation because the crisis seem to be getting worse.

[WalkerIVIV]

will this change the nature of crypto, namely decentralization to not being fully decentralized?  What do your friends think here?  Please share, hopefully this can add insight for all of us 😊🙏

Regulation will be implemented when it comes to the centralized exchange site. All of blockchain projects didn't have problem with the regulation. The regulation was only targetting the gateway for the funds to go in and out. The fact that blockchain was still decentralized. if you didn't wanna deal witht he regulation that will be implemented in exchange site and how can you trade crypto safely? regulation and decentralization can co-exist. Just because cex was getting regulated and it doesn't mean the decentralization of blockchain will be robbed by the regulation. that's a non sense thing to happen.
If you wanna go to the private or side chain and it will be centralized. Did you know what mean of decentralized in the crypto? It was running by thousands of nodes in the world to create a network.

[Al Qiyamah]

As we know that the advantage of cryptocurrencies is that it is decentralized, meaning that it is not centralized or there is no third party intervention. but if cryptocurrencies have been legalized by a government, it is clear that regulations will be enforced, although they cannot change the nature of decentralization itself but other regulations such as being taxed may be applied.

[_IRMAN]

Regulatory issues for cryptocurrency have actually been around for a long time.  In fact, it was several years ago.  But it seems, in the past year or so, it has become a serious topic of discussion in several countries.  And it seems, some countries will soon implement it.  What I personally think is, if true, many countries start implementing regulations for crypto currency, will this change the nature of crypto, namely decentralization to not being fully decentralized?  What do your friends think here?  Please share, hopefully this can add insight for all of us 😊🙏

True, not very decentralized, and also crypto prices would not be as volatile as they are today if many countries in the world had implemented their own rules.

[Jating]

Regulatory issues for cryptocurrency have actually been around for a long time.  In fact, it was several years ago.  But it seems, in the past year or so, it has become a serious topic of discussion in several countries.  And it seems, some countries will soon implement it.  What I personally think is, if true, many countries start implementing regulations for crypto currency, will this change the nature of crypto, namely decentralization to not being fully decentralized?  What do your friends think here?  Please share, hopefully this can add insight for all of us 😊🙏

It's because we are about to cross another all time high, and that's why we will hear against regulatory bodies globally trying to put a clamp on bitcoin. This is so reminiscent of the 2017 bull run, and after, the same that we are witnessing right now, so it is also a cycle.

And with El Salvador making it a legal tender, no doubt that we will have the eyes of those regulatory bodies again. However, they can't do anything as bitcoin is too big to fall now. We have seen the worst regulations already so I'm not sure what more then need.

[fauzan Ichsan]

As we know that the advantage of cryptocurrencies is that it is decentralized, meaning that it is not centralized or there is no third party intervention. but if cryptocurrencies have been legalized by a government, it is clear that regulations will be enforced, although they cannot change the nature of decentralization itself but other regulations such as being taxed may be applied.

The main factor that will be explored by the government is the tax problem. because this is state revenue to support the development of a nation. somehow the form later, of course this regulation must benefit the state, and of course a clear regulation is needed. it seems that this will be easier, because the government can see every transaction even if it is a small amount

[Findingnemo]

Regulatory issues for cryptocurrency have actually been around for a long time.  In fact, it was several years ago.  But it seems, in the past year or so, it has become a serious topic of discussion in several countries.  And it seems, some countries will soon implement it.  What I personally think is, if true, many countries start implementing regulations for crypto currency, will this change the nature of crypto, namely decentralization to not being fully decentralized?  What do your friends think here?  Please share, hopefully this can add insight for all of us 😊🙏

Decentralization will not change but it will affect the privacy or anonymity so it depends on the individuals who are accepting cryptocurrency for whatever reasons but in general regulating the cryptocurrency is lot better than banning it so more people will start adopting and the cryptocurrency becomes more and more popular.

[bigjuk]

Regulatory issues for cryptocurrency have actually been around for a long time.  In fact, it was several years ago.  But it seems, in the past year or so, it has become a serious topic of discussion in several countries.  And it seems, some countries will soon implement it.  What I personally think is, if true, many countries start implementing regulations for crypto currency, will this change the nature of crypto, namely decentralization to not being fully decentralized?  What do your friends think here?  Please share, hopefully this can add insight for all of us 😊🙏

It will not bring any changes in cryptocurrencies, let alone change the nature of the cryptocurrency itself, obviously it will not affect this, because to establish regulations each country must analyze this thoroughly and openly to all their officials, because of this different from the real projects that exist in each country.

[vv181]

It is known that regulations tend to lag behind innovation and I believe as of now the urgency to regulate how cryptocurrencies markets should comply are being conditioned by the governments. But it doesn't mean it will directly lose its decentralization. Technically some cryptocurrencies especially BItcoin will maintain it. The problem is there will be a lot of services like an exchange that will force users to comply with the regulations. So if you truly care about the decentralization we really want to, in this specific aspect of exchange, dex is being developed maturely.

[masterrex]

Regulatory issues for cryptocurrency have actually been around for a long time.  In fact, it was several years ago.  But it seems, in the past year or so, it has become a serious topic of discussion in several countries.  And it seems, some countries will soon implement it.  What I personally think is, if true, many countries start implementing regulations for crypto currency, will this change the nature of crypto, namely decentralization to not being fully decentralized?  What do your friends think here?  Please share, hopefully this can add insight for all of us 😊🙏

Yes, it is, actually in my country, the government is starting a framework for regulation and enforcement to all crypto-related businesses, But even before the regulation is implemented my country is already crypto-friendly, in fact, the government has designated an ecozone just for them and currently hosted some 26 crypto-related companies. IMO, the decentralized function was not fit in the government because the Government functions as a centralized authority so if the regulation will be implemented I am sure some of the decentralized functions will be compromised.

[o48o]

Regulatory issues for cryptocurrency have actually been around for a long time.  In fact, it was several years ago.  But it seems, in the past year or so, it has become a serious topic of discussion in several countries.  And it seems, some countries will soon implement it.  What I personally think is, if true, many countries start implementing regulations for crypto currency, will this change the nature of crypto, namely decentralization to not being fully decentralized?  What do your friends think here?  Please share, hopefully this can add insight for all of us 😊🙏

It almost seems like people don't know what decentralization in cryptocurrencies mean... We still have permissionless transactions with many coins, that hasn't gone away. Real world  has just catched up. Decentralization is ONLY for permissionless transactions, you can't just apply it irl and say that real world rules won't apply because you are hodling crypto, because dealing with stablecoins or fiat money have nothing to do with true decentralization... When you are giving your bitcoins to third party, like any exchange or you want to cash out, or buy anything via btc visa debit you are far from any decentralization.

[Kavelj22]

For me personally i don't need this regulation at all and i don't expect it. I understand that if i pay taxes in my country i can sleep well and not expect problems from the state. And if there will be regulation of crypto then for me in terms of security is certainly not better.

I can well understand your point. But you don't have to forget that in a country where crypto isn't yet regulated, if the authorities can prove that someone is using cryptocurrencies, he can face many troubles according to several law articles (using non-regulated form of money, money-laundering...). This becomes easy to happen as almost all the major exchanges enforce KYC for its users, by which they can restrict users from the countries where crypto isn't yet regulated.

Note also that if crypto becomes regulated in any country, this doesn't mean that the country adopt cryptocurrencies. It's just a matter of applying more taxes and not to use it as an efficient technology.

[camat gampong]

True, not very decentralized, and also crypto prices would not be as volatile as they are today if many countries in the world had implemented their own rules.

If regulations on cryptocurrencies have been implemented by all countries, then in general it will be controlled by the respective countries, but it always raises the question why in the past and also now it has not been realized in every country?

[clarkt]

I do not support regulations of Cryptocurrency industry,  I think regulations will kill innovations and ideas,  not that regulations will stop decentralized nature of bitcoin and other Cryptocurrency,  but it will stall it's developments and growth.  Instead of regulations,  why don't regulatory bodies create an environment where Cryptocurrency idea will succeed and they can start looking at taxing profit!