Regulations for crypto currencies

[tvplus006]

...Please share, hopefully this can add insight for all of us

Ideally, it is not the cryptocurrency that should be regulated, but the structures that provide participants with access to the cryptocurrency market. In this case, the cryptocurrency will be safer for investments, since investments will be protected by law and, accordingly, there will be fewer scammers on the market.

[bitcoin-shark]

in fact, there are some countries that are pressing for crypto regulation i don't know if out of a desire for control or to be able to tax and earn on them, however it is not an easy task i believe that cryptocurrencies were natively designed to be decentralized and that they can escape to all sorts of control, as long as there is even a single free computer online that will act as a bridge they cannot be controlled, the various governments would do better to seek integration, collaboration with cryptocurrencies instead of seeking any control

[CryptoCraze11]

The way bitcoin price is going up, governments all around the world are introducing strict regulations to tighten there grip on crypto before it gets too late. But governments cant ban or fully regulate crypto since they don't have the full capability to do so. BTC and other cryptos are designed to remain completely decentralized, that is free from one entity control.

[bitcon]

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 😊🙏

Actually, the more popular cryptocurrencies are, the more attention they attract from authorities, so when crypto was just for investment and trading, the government didn’t regulate it at all, but now it is being accepted by many companies and countries with unsustainable economy start adopting them, so authorities are likely to start regulating it and make it less decentralised. 

[towi078]

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.

That's true, and I personally prefer the method used by the president of El Salvador in implementing regulations.  But there are also countries that tend to be stricter in implementing rules, so it seems like it limits the decentralized nature of crypto

[Apyminer]

Régulation can't and won't compromise the decentralization.

Regulation can apply onto the transactions fully and publicly accessible on the blockchains. Now AI is the key to work with such amount of data.

One reason why gvt would like to work on this is to prevent money laundering and frauds. It's a good thing because it will induce more trust in crypto, thus more users.
OTOH I don't know if more "security" would also imply less profits in the end.

When one want to use dex, we need to pass by a KYC and for those that are still fully anonymous it's a matter of time before they'll have to comply and put a KYC into place.

The real thing here is that banking and regulation system are so slow compared to innovation that I don't see anything like this able to be happenning before at least 5 years from now.

[ivankoh]

Regulations for crypto have been around for a long time although the decrees are by no means final.  If you are referring to the bitcoin legalization process?  yes, this is the year that has turned a new history for the market.  Bitcoin first accepted legalization in El Salvador, Many countries are coming to legalize bitcoin.  Once again from numerous petition submissions, we have finally seen a bitcoin ETF.

[Apyminer]

Regulations for crypto have been around for a long time although the decrees are by no means final.  If you are referring to the bitcoin legalization process?  yes, this is the year that has turned a new history for the market.  Bitcoin first accepted legalization in El Salvador, Many countries are coming to legalize bitcoin.  Once again from numerous petition submissions, we have finally seen a bitcoin ETF.

There is no way that it'll be bitcoin.

China has done its digitilized money.
EU has done some test through XTZ network and will bring a digitalized money too.
I imagine the US will do the same.
But clearly this won't be bitcoin.
It'll be a token on a closed network with a specific new token. Denmark is doing it too if I understood correctly.

[Fivestar4everMVP]

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 😊🙏

One thing i know is that, crypto currency regulation can't fully work without centralization, they have to be in charge of things to control it or how it should be used, so what I think is that, if crypto currencies must be fully regulated, for this to be fully effective, it means decentralization would have to not be fully decentralized, and this also can only work if they(the regulators) ban developers from building (fully) decentralized apps, which in my personal opinion I don't think is possible.

[Blowon]

Cryptocurrency regulation also always has an impact on prices, when the regulation is prohibited then the price will drop drastically, and vice versa. For that reason, this is too important to note if there is news related to regulations. We need to take immediate action.

[bonyaserg]

Personally, I think that rules should be mandatory. Since everything must be in order. If there is order in the cryptoindustry, then everyone will earn according to the rules of cryptocurrencies. And the rules should be the same for everyone, since the cryptoindustry around the world is recognized as a very promising development of new technologies.

[kang_kung]

I think we might have a temporary setback as more countries start implementing regulations for cryptocurrency since there will be rules to follow, investors have to pay tax, privacy coins are banned,... But after that, cryptocurrency will come more stronger than it was.

[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 😊🙏

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.

So basically whatever the conditions are, on the other hand it will give us an advantage over the involvement of the government.  Because new investors will have more confidence in the regulation, maybe it's like that, right?

[RussianEnglishTranslation]

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 you trade on decentralized exchanges run on smart contracts like Spookyswap, Pancakeswap and Ref Finance there is no way for them to stop you.

[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 😊🙏

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.

You are absolutely right, this will be a dilemma.  But it seems that we will get many positive sides, namely more investors who enter, because of the regulation

[Bikan]

Definitely yes, I believe it is a neccessry step! However, Once economies began receiving crypto currencies, just like the existing ones ,the lot of nations that have publicly engaged in crypto have already adopted legislation and restrictions sometimes. But believe that the majority of countries with an interest in crypto will undoubtedly comply, as they will forfeit a significant amount of money if she permit crypto to continue trading under supervision.  Restrictions, just like any other business where there is no law, there would be no sin.
Yes, restrictions would definitely keep cryptocurrencies safer and secure since users would be protected from potential fraudsters.

[kryptqnick]

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 😊🙏

I don't see the connection between regulations and losing decentralization. Regulations don't mean that a country is suddenly in control of the price, circulating supply, total supply or even mining. So decentralization remains as it used to be. However, depending on the regulations, some anonymity can be lost in the process. For instance, if mandatory KYC and/or custodial wallets are introduced, it's a major inconvenience, and while it doesn't change the nature of cryptos because it's still hypothetically possible to use an Electrum wallet and provide no ID, it can lead to many people having their IDs linked to their wallets, and the state having way more oversight and information about crypto users because of this.

[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 😊🙏

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..

In this context, I totally agree with you.  And yes, I will always hold on tight to my coins, because I believe, they will be of great value in the future.  Sometimes what worries me is that some countries are overreacting to crypto regulations, or I am overreacting.  who knows... 🙁

[towi078]

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.

That means, there is no need to worry excessively about existing and future regulations.  Because no matter how strict the regulations are, they will not be able to change the nature of crypto?  Looks like I'm overreacting to crypto regulations, huh... 🤔🤭

[crzy]

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 😊🙏

Every country have their own regulations with regards to dealing with cryptocurrency and yes, this has been a topic since then but until now very few understand cryptocurrency and they show a full support with regards to this though most of the country are still neutral and didn't have any regulations at all. For me, we are still far from the mass adoption, we are getting there but still far from reality. If more country regulate cryptocurrency and make this legal, then it will bring a huge impact in the whole market and good prices will start to happen.