Regulations for crypto currencies

[Hypnosis00]

...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).

That for sure it could affect but I'd never think that it can affect the volatile nature of the market. As if it happens that there is a strict crypto regulation, the number one that could change is to have KYC. It is pretty obvious that the government will ask for that for taxation reasons and this leaves us no way to escape but have to face it.

Many people had come due to the anonymity that crypto has but as this changes, I don't know if this could still give an interest to the community or that they will keep on fiat.

[FanEagle]

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?

The regulation of cryptocurrencies will be possible without affecting the basic natures of cryptocurrencies. Yeah, I am sure there will be possible regulations in a way without affecting the decentralized nature of cryptocurrencies. We cannot expect the same way how government is regulating corporate and other organisation but they must need to take different stand against the cryptocurrencies so that it will serve its real purposes to the people.

There will be no point of regulating cryptocurrencies by removing its all basic characteristics instead of doing like that then government can go for their own digital currency because after removing out all the basic characteristics of cryptocurrencies it will remain like fiats but in digital form.

[Argoo]

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?

The regulation of cryptocurrencies by states is inevitable. Cryptocurrency and participants in this market either need to agree to regulation, or not rely on the legal circulation of cryptocurrency in society. It is unlikely that states are able to change the principle of decentralization in cryptocurrency. So far, legalization consists in determining the legal status of cryptocurrency and establishing the order and conditions for its circulation in society. But when determining the order and conditions of its circulation, the states will try to reduce the decentralized foundations of the cryptocurrency and especially to reduce its anonymity. However, another way for crypto distribution

[SirLancelot]

There will be no point of regulating cryptocurrencies by removing its all basic characteristics instead of doing like that then government can go for their own digital currency because after removing out all the basic characteristics of cryptocurrencies it will remain like fiats but in digital form.

A regulation from government should be only for preventing cryptocurrencies to be used for money laundering or any other highly potential risk involved activities but definitely they should not work on regulating by removing the basic characteristics of cryptocurrency.

In my opinion, government regulation will not mind about the decentralized nature of cryptocurrency because if it is not there then I am not ready to accept a currency as a cryptocurrency at first hand. Most people are here because the privacy and the financial freedom we could enjoy from cryptocurrencies but when there will be a possibility of such thing not to be existing then there will be no meaning of adapting them.

[darahjuang]

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 😊🙏

Regulations for the application of cryptocurrencies if carried out by a country will have its own impact on its people. I want to convey the negative impact even though personally I totally agree if it is implemented. I see if crypto implementation is done, it will have an effect on the loss of the value of the original currency.

[Valak]

Although the digital asset investment space is loved by investors who want to make a profit and there are many opportunities to make money. Regulation that overshadows crypto assets and other digital money, it is still not clear which regulatory entity is meant to oversee the crypto market.

[towi078]

if the regulations made by one country are crypto friendly and do not change the working system, I don't think there is a problem with regulations in each country,
but the name of the government will definitely impose the rules they make so that it can harm crypto users/owners
example: tax

I think the ultimate goal of government regulations is taxes.  But what I'm thinking is, is it possible for the government to get too involved in crypto decentralization, so that it will change the decentralized nature of crypto to not fully decentralized?

[shawon01]

Cryptocurrency has a lot of coins that are in a good position now. The results will be available in front of me. I think cryptocurrency is Will do something good up front

[abralzain17]

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 true what you said that long ago there have been government regulations governing cryptocurrencies. In Indonesia, for example, many regulations have been issued by the government regarding this matter, you can read about it here: https://www.cnnindonesia.com/ekonomi/20210609135429-97-652158/4-peraturan-bappebti-asset-kripto-di- Indonesia

https://bappebti.go.id/resources/docs/peraturan/sk_kep_kepala_bappebti/sk_kep_kepala_bappebti_2019_02_01_w9i365pf_id.pdf
https://aptika.kominfo.go.id/2021/08/regulasi-akan-lindungi-konsumen-dalam-pemanfaatan-blockchain/
https://www.cnbcindonesia.com/tech/20210122132253-37-218020/resmi-ini-cryptocurrency-yang-diakui-di-ri-termasuk-bitcoin
In my opinion, it has become a serious conversation in several countries in the last year because of the controversy in several major countries in implementing or legalizing Crypto in these countries.

[kotajikikox]

Cryptocurrency has a lot of coins that are in a good position now. The results will be available in front of me. I think cryptocurrency is Will do something good up front

but the question is about regulating it and do you possibly thinking it would happen? while i try to believe yet regulating crypto will only weaken the capacity of each country to deal in what is best for their people.
nowadays the world is looking positive towards crypto specially bitcoin and regulating  this is not necessary instead the people who use it must be in their radar and not the coin itself.

[errorcode99]

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 😊🙏

In my opinion this is a possible certainty, because I believe it is a necessary step! However, Once the economy started accepting cryptocurrencies, as they are, many countries that are publicly involved in crypto have adopted laws and restrictions at times. But believe that most countries with an interest in crypto will surely comply, as they will lose a large amount of money if it allows crypto to continue trading under surveillance.

[the ghabbar]

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 😊🙏

There are good and bad values if cryptocurrencies start to be regulated, this will affect different regulations in each country, currently cryptocurrencies are in their own regulation without being restrained and limited by any country, for decentralization problems it really depends on the type of regulation and usually this will be different for each country that makes regulations, the problem is how cryptocurrencies will survive if many regulations start to be applied by different countries?

[isaac_clarke22]

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I am having a bit of a hard time trying to grasp what you are saying, but if you are referring to the problems that might happen if cryptos are to be regulated then you shouldn't....unless you purely depend on custodial wallets where your cryptos are being stored.
Surely if cryptos get regulated which is likely to get taxed, then slowly people would go to the point where personal or p2p transaction would be the best thing to do when trading or selling their coins to avoid these.

[dbc23]

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 😊🙏

The nature of crypto cannot be altered the only the only effect this regulatory agencies would have will only reflect on exchanges. It's obvious why most countries are fighting against cryptocurrency adoption is because the can't gain a complete control of its flow and so the try to discourage it's useage. But in as much as there are custodial and non custodial wallets it's upto the user to remain decentralized , partially decentralized or centralized

[mbakruroh]

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 😊🙏

Currently, there are countries that are trying to enforce regulations on cryptocurrencies. Based on my experience with certain exchanges that cannot be used by foreign nationals. Maybe you know the exchange I mean. Regulations are certain rules of an exchange that are not owned by foreign nationals. For example, the choice of using a telephone number is limited at the time of registration or KYC. However, it will not run normally for all countries, because the pros and cons of these regulations will always occur. But if the regulation runs normally, will crypto die? I don't think so, in fact there will be more and more fans. Nowadays people who are allergic to crypto will start to have the courage to invest.

[dimox]

depend how government think, like if they wont take any complicated stuff, just make regulation that dont make it hard for user and system. still work under crypto hand, though they have regulation, just to ensure the game.
there are country implement regulation and thats good for them, and its not steep as it thought.
but sometime regulation make it limit for move, and people still have the other way to maximize their move

[letyouearn]

All these sacred features of crypto are worth nothing nowadays. No real decentralisation, no anonymity, no cheap transcactions (look at ethereum fees), and the speed is really slow sometimes.

[Oilacris]

depend how government think, like if they wont take any complicated stuff, just make regulation that dont make it hard for user and system. still work under crypto hand, though they have regulation, just to ensure the game.
there are country implement regulation and thats good for them, and its not steep as it thought.
but sometime regulation make it limit for move, and people still have the other way to maximize their move

Wont believe that they would really be having that complicated kind of reasoning and would rather believe that they do go something on minding about decentralization.

This had been always the main issue on why government doesnt really like crypto in the first place.This isnt something that you could easily
control and you know that government doesnt really like that.

Regulations is inevitable into those platforms who do deal up with crypto but talking it directly then it cant really be possible.

[towi078]

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.

In this context I agree with the purpose of making regulations for crypto, sometimes what worries me is, if the government gets too far involved.  So it can undermine the decentralization that is the nature of blockchain technology.  What do you think?

[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.

In this context I agree with the purpose of making regulations for crypto, sometimes what worries me is, if the government gets too far involved.  So it can undermine the decentralization that is the nature of blockchain technology.  What do you think?

If they get involved they follow a standard that is based on a centralized manner, therefore the decentralization factor that makes crypto popular will be gone because of the regulation. Ask yourself, what do you think is the reason why the crypto market is growing? The simple answer is people see it as an investment rather than a payment system, therefore it really boils down to the fact that a decentralized payment system does not really beat the centralized system because that's not how people see it.