Regulation seem like the only option left

[JangoUnchained]

Will there ever come a time that the government reaction to crypto will be encouraging for the people? Lately the head if international monetary fund Christine lagarde stated that regulatory action from the international community on crypto is inevitable ..what do you think

[davis196]

Will there ever come a time that the government reaction to crypto will be encouraging for the people? Lately the head if international monetary fund Christine lagarde stated that regulatory action from the international community on crypto is inevitable ..what do you think

The cryptocurrency industry has already been regulated in almost all countries around the world.
Despite all those regulations,many central bankers and government officials are talking about MORE regulations.What's the point?The cryptocurrency industry needs better regulations,not MORE regulations.
I couldn't care less about the opinions of Christine Lagarde in regards to the crypto regulations,because she(or the International Monetary Fund) doesn't have the power and authority to regulate the crypto industry.Only the national governments and parliaments can regulate the crypto industry.

[Poker Player]

The cryptocurrency industry has already been regulated in almost all countries around the world.
Despite all those regulations,many central bankers and government officials are talking about MORE regulations.What's the point?The cryptocurrency industry needs better regulations,not MORE regulations.

This is a general trend around the world: there are more and more taxes and more and more regulations. Every now and then a government will lower taxes a little and remove some regulations, but the long-term trend is inexorable. The crypto world is no different. At this rate states are going to tax you for looking at the price of Bitcoin on the screen.

[Jawhead999]

Why not? Bitcoin doesn't need to be legal tender if the government want to regulate it, they will only accept Bitcoin as property and taxed it. To be honest it doesn't make harm to the country since Bitcoin isn't a legal tender similar like how precious metal it is, so accepting Bitcoin is win win situation for government. Banning Bitcoin in order to make their citizens safe from high volatility isn't enough, no one can stop decentralization.

[Fortify]

Will there ever come a time that the government reaction to crypto will be encouraging for the people? Lately the head if international monetary fund Christine lagarde stated that regulatory action from the international community on crypto is inevitable ..what do you think

Bitcoin is a cryptocurrency, the key word in there is "currency". It was always going to be regulated and nobody responsible should fear this - it will make cryptocurrencies stronger in the future. For all the talk of having anonymous payments, with the advent and widespread usage of exchanges by the average person, there was never going to be any other way around it - all that information on the owners is getting stored in one location already and accessible to regulators. The biggest benefit from Bitcoin and similar crypto is that everyone has the option to be their personal bank, like carrying around a wallet with cash in real life, yet it allows global access in a similar way.

[Gozie51]

Will there ever come a time that the government reaction to crypto will be encouraging for the people? Lately the head if international monetary fund Christine lagarde stated that regulatory action from the international community on crypto is inevitable ..what do you think

The hand is already written in the wall that the world is going towards regulation of cryptocurrency or bitcoin use in individual country but not bitcoin itself because it is decentralised. Individual country will have to play the part they want on the people. Looking at the war in Ukraine and Russia being taken out from Swift, they won't have choice to begin the use of bitcoin like Ukraine has asked for help through BTC Eth and USDT. This is a development that will grant more access to the regulation process for more countries.

[livingfree]

Will there ever come a time that the government reaction to crypto will be encouraging for the people?

Yes, El Salvador and Ukraine now accepting donations.

Lately the head if international monetary fund Christine lagarde stated that regulatory action from the international community on crypto is inevitable ..what do you think

And that's what's happening with Ukraine now. Whether there will be a regulatory action from them or anybody from the international community or authority, everybody wouldn't care.

They can regulate it from those known people or offices that have announced that they're receiving money in crypto.

[Desscount]

Why not? Bitcoin doesn't need to be legal tender if the government want to regulate it, they will only accept Bitcoin as property and taxed it. To be honest it doesn't make harm to the country since Bitcoin isn't a legal tender similar like how precious metal it is, so accepting Bitcoin is win win situation for government. Banning Bitcoin in order to make their citizens safe from high volatility isn't enough, no one can stop decentralization.

Actually in some countries it seems the government has regulated it without having to make Bitcoin a legal tender,
Bitcoin is one of the promising assets and currently its development is extraordinary,
no one expected the price of Bitcoin to be like it is today and of course the government is here to regulate it

[Lucius]

Will there ever come a time that the government reaction to crypto will be encouraging for the people? Lately the head if international monetary fund Christine lagarde stated that regulatory action from the international community on crypto is inevitable ..what do you think

So what else do you expect from someone who is the complete opposite of what Bitcoin was invented for? Greedy bankers and their political servants at the moment estimate that it is better to regulate Bitcoin as much as possible, and profit from it through taxes and the fact that the entire crypto industry generates added value to each country's economy.

If the US or the EU opted for the approach taken by China, they would lose part of their income, show that they are no better than the declared communists, and they would also lose all control over the cryptocurrencies they now have. What is important to emphasize when it comes to the IMF is that they constantly emphasize that they see a far greater threat in stablecoins than, say, in Bitcoin and altcoins.

[kpierce77]

no one expected the price of Bitcoin to be like it is today and of course the government is here to regulate it

Because the unpredictable price of bitcoin is what makes it difficult for them to regulate it. Besides that, the decentralized nature of crypto makes the government think twice about how to determine these parameters, because each crypto must have their own nature because of their technology

[ultrloa]

Will there ever come a time that the government reaction to crypto will be encouraging for the people? Lately the head if international monetary fund Christine lagarde stated that regulatory action from the international community on crypto is inevitable ..what do you think

Bitcoin already accumulated huge marketcap and for sure this already make those regulators to think good on this since for sure they are thinking ways to find ways to get more income to their country and to help their economy and since bitcoin is already available which can possibly give them if not billions or millions of dollars yearly income they provably sign a regulation so that they can control how their users use this on their transaction inside their country.

I will not be surprise that in future more country will follow El Salvador since this is a wise choice for adopting the new changes in economical aspects.

[Hydrogen]

Some say its difficult to tax large corporations and the rich. Many years ago, when the US government proposed breaking microsoft up on grounds of anti trust laws, Bill Gates was acting CEO of MSFT. Bill Gates threatened to move the majority of microsoft operations to canada or another nation if the US tried to break them up. The US government backed off and in the years since, the topic has never been mentioned again.

If american taxes are raised on large corporations like google, amazon, apple or tesla. They simply move operations to another country with lower taxes. The united states loses a large share of tax revenues and jobs and the american economy suffers, which will make the politicians responsible for tax hikes look bad.

These same precedents apply to crypto regulation as history has shown. Crypto banned bitcoin mining, the miners simply move to another country. Americans are moving to states which offer better bitcoin and crypto regulation. In extreme cases, many americans renounce their citizenship to move to puerto rico with its 4% income tax.

Regulation doesn't end the discussion, as we have witnessed with nigerian central banks closing bank accounts associated with bitcoin. Canada also tried a heavy handed authoritarian approach to things with mixed results.

[jostorres]

Bitcoin already accumulated huge marketcap and for sure this already make those regulators to think good on this since for sure they are thinking ways to find ways to get more income to their country and to help their economy and since bitcoin is already available which can possibly give them if not billions or millions of dollars yearly income they provably sign a regulation so that they can control how their users use this on their transaction inside their country.

I will not be surprise that in future more country will follow El Salvador since this is a wise choice for adopting the new changes in economical aspects.

Not all wants btc to become regulated so if they did this, btc users could dropped and the chance for them to earn big is going to be lessened but why can they just use btc without needing to regulate it? That is still possible but I think they cant tax btc users this way however the money that they can get from their investment is still huge and better than the tax equivalent because more people are now going to invest in crypto when they knew that their government is already allowing it.

Without regulation, crimes can still be controlled because bitcoin is not new anymore and there are now lots of tips online that we can read if how can we secure ourselves.

[pinggoki]

I think so too but I am not in favor of any regulation that's going to be infringing the people and will only benefit the state, I think that it's in our best interest right now that crypto isn't going to be regulated because we know how the government will exploit the system that's currently inplace. I think that regulation is needed but it's not good for now.

[AicecreaME]

Will there ever come a time that the government reaction to crypto will be encouraging for the people? Lately the head if international monetary fund Christine lagarde stated that regulatory action from the international community on crypto is inevitable ..what do you think

Regulation of crypto in centralized exchanges are really inevitable. It's the government's decison on how and to what extent they will impose on centralized platforms that cater cryptocurrency. Typically, these exchangers under the central bank are required and mandated to ask their clients for KYC for the accounts to be verified and usable to its maximum. Taxation is also a thing and I guess this is what keeps the government allowing the exchangers to operate, in accordance of course, to their conditions and policies. But if I were to ask if bitcoin will be regulated in general, my answer would be no. Since bitcoin specifically is a decentralized asset and it couldn't be manipulated by the government no matter how hard they will try. They can dictate its legality in their country as well as the platforms that offer it, but they cannot control its movement in the market.

[usekevin]

Will there ever come a time that the government reaction to crypto will be encouraging for the people? Lately the head if international monetary fund Christine lagarde stated that regulatory action from the international community on crypto is inevitable ..what do you think

When the crypto was not supported by the government, the same was supported by the people. It was common in all the developing country.It was common in the developing country for the repeated manner.When their is a dress, we find different colours.Like that we had a lot of cryptocurrency to inverse our money.The government legalization always plays a vital role in the price movement of bitcoin and other currency.

[Zilon]

Will there ever come a time that the government reaction to crypto will be encouraging for the people? Lately the head if international monetary fund Christine lagarde stated that regulatory action from the international community on crypto is inevitable ..what do you think

After much pressure and threat from the government on crypto investments I think regulation will be the last option deployed to create a level of understanding between investors and the government. Although the regulation will be limited to exchanges. We can't do without international community interfering and that's the sad reality

[CaVO32]

Will there ever come a time that the government reaction to crypto will be encouraging for the people? Lately the head if international monetary fund Christine lagarde stated that regulatory action from the international community on crypto is inevitable ..what do you think

After much pressure and threat from the government on crypto investments I think regulation will be the last option deployed to create a level of understanding between investors and the government. Although the regulation will be limited to exchanges. We can't do without international community interfering and that's the sad reality

If we want more adoption of crypto market, I think, that regulation is really inevitable. Because with the regulation of the government comes with more trust of people towards crypto. Up until now, a large part of the population are still hesitant to touch crypto because of these negative issues like hacking, scamming and other fraudulent activities tied-up with crypto market. Those who have never transacted with crypto or just reading the news, will have a different perspective towards crypto. But if the government is already in the middle of it, I guess, they will change their mindset and will have more confidence on taking a look at crypto.

[crzy]

Will there ever come a time that the government reaction to crypto will be encouraging for the people? Lately the head if international monetary fund Christine lagarde stated that regulatory action from the international community on crypto is inevitable ..what do you think

This is really inevitable, We can see this on the current situation between Ukraine and Russia it looks like the international board can really do everything and this regulations might happen to prevent any illegal funds coming into a specific place so we can expect a regulatory body in the future. Though cryptocurrency should remain decentralized, but that regulation is something we should be more ready when it happens.

[Hamphser]

Will there ever come a time that the government reaction to crypto will be encouraging for the people? Lately the head if international monetary fund Christine lagarde stated that regulatory action from the international community on crypto is inevitable ..what do you think

Crypto already reached a thrillion dollar marketcap so regulators will surely knocked on crypto doors since its a huge free flowing money that still untapped by the government for tax purposes. More people is startig to enter in crypto and more fiat money are flowing so I really believed on the regulators stance on that matter. We need to accept the fact that there will be no fully decentralized idea as long as fiat is still involved in all our transaction. Crypto need to not fully dependent in fiat to become free from regulators hand.

TAX is all they do really concern off which same as you said that this is a trillion dollar marketcap which they couldnt just let it slip and something that should really be having that involvement.

We dont need regulation actually but those platforms are the way for them to get involved with for that kind of motive.Its not an option but rather this is an inevitable thing to happen.
They couldnt do it technically but they could really involved with those services and platforms which is connected to it.