Regulations for crypto currencies

[Quantum907]

Currently crypto is too free to make it easy for anyone to make coins or tokens, unfortunately because it is too easy to make tokens or coins it is widely used for scam projects, strict regulation is needed to ensure that projects are not used for criminal acts.

[Japinat]

Currently crypto is too free to make it easy for anyone to make coins or tokens, unfortunately because it is too easy to make tokens or coins it is widely used for scam projects, strict regulation is needed to ensure that projects are not used for criminal acts.

If there's an agency that would require approval before anyone who owns could go for public sale I think it's still not good for the entirety of the crypto market, why? because crypto is supposed to be decentralized, no one should stand as 3rd party before transactions could happen, and with an agency, it will only make things harder for a small capitalist who would like to try their business model by seeking help from the public.

I think like an investor, it's our responsibility to carefully evaluate the project before we invest, authorities should only come later if the team who runs the public sale messed up or scam the investors.

[Ngewex Yuk]

Because until now there is no strict regulation so there are already more than 13k coins and tokens in the market, I'm sure if the market continues to shine then the number of coins and tokens can reach 50k for another 2 years, and this is ridiculous so strict regulation must be made immediately.

[TheGreatPython]

Because until now there is no strict regulation so there are already more than 13k coins and tokens in the market, I'm sure if the market continues to shine then the number of coins and tokens can reach 50k for another 2 years, and this is ridiculous so strict regulation must be made immediately.

This is big issue for this community anyone can copy past and have his own coin which hyped by few paid influencers and this all hurting us very badly. There was one Bitcoin Foundation, but It's also never been as it's need to act because we all want to live in free and independent world, so it is creating too many scams and big financial problems.

In near future, we have nothing about this from any side, even many countries bringing laws and regulations just for having taxes from this crypto community member's income. Right now, they are targeting about in and out of funds but nothing happening for projects who is doing how is doing it's also big use case.

[TheUltraElite]

Currently crypto is too free to make it easy for anyone to make coins or tokens, unfortunately because it is too easy to make tokens or coins it is widely used for scam projects, strict regulation is needed to ensure that projects are not used for criminal acts.

Correct, this is the effect of lack of regulatory bodies. Many new investors get washed away by such projects and this hurts the overall economy of cryptocurrency because that person is not coming back anytime soon. Consider that new money coming in to bitcoin and we would get the gradual organic growth.

Of course altcoin hodlers will speak the opposite, they want their bags to get heavier so they can dump on a unsuspecting newbie on an exchange.

I think like an investor, it's our responsibility to carefully evaluate the project before we invest, authorities should only come later if the team who runs the public sale messed up or scam the investors.

I agree that as investors we should do due diligence but does that second part of your statement really come into action? The number of scam or bankrupt projects that have come up after the post 2016 ICO craze, very few have been brought to legal light even if each and every one of those investor groups proceeded with legal action.

Currently the legal status is a difficult topic but I would agree that this too needs addressing.

[kojektea]

I think the decentralized cryptocurrency is from the system they are fighting, because even though there is no regulation of cryptocurrencies there is also a completely decentralized one. And regulation is also important in my opinion, in order to add pluses in the eyes of the public and business people without eliminating the decentralized nature itself.

[towi078]

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

If the goal is just for tax revenue, maybe it's not too worrying.  But if I pay attention, it seems that there are some countries that are too excessive in implementing regulations for crypto.  Will it not affect crypto in general?  What do you think about that?

[towi078]

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.

I think so too, but for the future.  Will DEX not be affected by the enactment of regulations?  What are your views?

[harizen]

We should expect already that 100% decentralized crypto won't be achieved. Remember that more people are relying on centralized exchanges just to feel the benefits of buying and selling cryptos. Without these exchanges, liquidity won't grow. Relying only on the decentralized exchange won't bring an uptrend.

And since most people are seeking help from the government in case of fraud, that's the big reason why they should regulate all crypto exchanges.

[watergold]

the adoption of crypto is getting stronger from year to year and indeed things like this will definitely not be unstoppable considering that crypto has now become one of the main accesses for some people to invest or just trade.
on the other hand things like this I don't think will make changes to crypto, they will still have a decentralized nature because it will be very difficult for the government to take control of crypto

[Naficopa]

We should expect already that 100% decentralized crypto won't be achieved. Remember that more people are relying on centralized exchanges just to feel the benefits of buying and selling cryptos. Without these exchanges, liquidity won't grow. Relying only on the decentralized exchange won't bring an uptrend.

And since most people are seeking help from the government in case of fraud, that's the big reason why they should regulate all crypto exchanges.

The larger the cryptocurrency market cap, the closer to the regulations. For many people, regulations will be a protection, for others it will be inconsistent with the principle of cryptocurrencies. I think that in the end everyone will be able to decide for themselves whether they want to make transactions through decentralized exchanges or through regulated, centralized exchanges.

[Kodok Bencot]

Regulations for crypto must be implemented immediately, currently there are more than 13k coins and tokens officially listed on the market and I'm sure it will continue to grow, regulation is needed to make projects or coins effective so they are not used for scams.

[cvasy]

Regulations for crypto must be implemented immediately, currently there are more than 13k coins and tokens officially listed on the market and I'm sure it will continue to grow, regulation is needed to make projects or coins effective so they are not used for scams.

Each team also needs to know the effect of this regulation if it is for good, because if the regulation on coins and tokens can get better, then I think this needs to be studied in depth first so that it is known how the effects will arise later.

[royalfestus]

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.

The idea of cryptocurrency regulations in countries deal with control of money laundering, tax payment and taxing of cryptocurrency profit. This can work if fiat at a point is allowed to engaged and other platform can allow payment without illegalities. sadly, most of the countries do not give cryptocurrency a fair platform to operate even with the regulation. so I just believe the taxing and prevention of crypto illegal dealing is the main regulation if they mean to

[carrigan]

If crypto is allowed to transact in that country, this is a good thing because transactions using crypto feel easier and faster. Many countries have implemented this, but until now Crypto is not affected by anything, what is there is even more known to many people. Its performance is getting better, it can be seen from its development so far. Maybe if crypto is allowed to transact the government will take part in it, they can find ways to keep crypto under surveillance.

[Bonenx14]

Starting from 2018 there have been countries that have legalized bitcoin as a legal transaction tool, those who know how to use bitcoin make rules according to those applied by the state, with bitcoin regulations in developed countries, other countries will also consider regulating bitcoin too, many people are already playing in cryptocurrencies have even gotten a bigger profit because in cryptocurrencies, transactions are transparent

Try to mention what country it is so that everyone can start looking for information related to it in that country, because the right thing to do always needs to be sought by everyone for profit and security in cryptocurrencies too.

[iv4n]

To me regulating Crypto is not a big deal. Morever, most exchanges demand for kyc before you can transfer funds from their exchange. That is a form of regulation. However, I don't think that Crypto can be fully regulated, because it is digital.

I also think that regulating crypto is not a big deal... I understand people who live in well-arranged countries, where everything is "normal", so there's a good reason to support regulations, but why would I seek from my fucked-up government to regulate crypto?! I am sure they will one day, but that will be only for one reason, to tax it just to make more money for dirty politicians! And don't get me wrong, I am not against taxes, I am against the government taking taxes and not giving almost anything in return!

[matchi2011]

To me regulating Crypto is not a big deal. Morever, most exchanges demand for kyc before you can transfer funds from their exchange. That is a form of regulation. However, I don't think that Crypto can be fully regulated, because it is digital.

I also think that regulating crypto is not a big deal... I understand people who live in well-arranged countries, where everything is "normal", so there's a good reason to support regulations, but why would I seek from my fucked-up government to regulate crypto?! I am sure they will one day, but that will be only for one reason, to tax it just to make more money for dirty politicians! And don't get me wrong, I am not against taxes, I am against the government taking taxes and not giving almost anything in return!

What more do you expect? Taxation is the first thing the government aimed that's why they are really pushing in
Regulating this market. If there's no money involve here, we won't see their involvement in this industry, but
the fact that there is a huge amount of flowing money they are hiding from the laws that they are using,
they are trying to say that they wanted to protect their people but behind that reason is the tax that they
are calculating to imposed.

[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 😊🙏

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.

This means that there will still be a positive side, with the enactment of regulations for crypto.  Although later we have to ignore the anonymity side, because doing so, will help accelerate crypto adoption?  Maybe like that huh?

[towi078]

...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.

Now, this may be a new understanding for me personally, because all this time, my thoughts are.  If regulations are made for crypto, then it will more or less affect the decentralized nature of crypto to not be fully decentralized, because there is interference from certain parties (in this case the government).