Regulation seem like the only option left

[Ngewex Yuk]

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

If the regulation can benefit the community of course this is a good thing, I'm sure if the regulation is implemented there will be strict control so that crypto is not decentralized, in fact almost all countries have regulated crypto, namely by implementing KYC on top exchanges and if they don't comply then they are banned banned like top exchanges in my country which can no longer be accessed.

[Ararbermas]

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

Some government action is really inevitable when it comes crypto currency to be honest, but in my view it still a majority because look what others doing, i mean the numbers of countries that already legalize bitcoin and implemented it as a legal tender.

Luckily bitcoin is unstoppable as well because many people still believing that there's a brighter future in bitcoin than holding real fiats reason up to now some government hated bitcoin cannot halt the adoption.

[Marykeller]

The international community are finding ways to scare people away from crypto by implementing stiff regulation on crypto. They have foreseen the future of crypto, knowing fully well that if they continue to keep quiet, bitcoin will take over fiat as the number one choice of currency.
The government doesn't like the anonymous nature of crypto, and the financial freedom bitcoin gives. They want everyone's finances to be on their watchlist, to monitor what goes in their account and comes out from their account.

[ChiBitCTy]

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

I think that there are some economic/money “leaders” that are very pro-cryptocurrency. Now of course there are plenty that aren’t, so that’s why regulations are essential. As much as I don’t necessarily like it, there’s no option around it. Think back to the way things were in the early days, how poorly exchanges acted and treated its customers and that shows you all you need to know as to why regulations are important.

[Vaculin]

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

I think that there are some economic/money “leaders” that are very pro-cryptocurrency. Now of course there are plenty that aren’t, so that’s why regulations are essential. As much as I don’t necessarily like it, there’s no option around it. Think back to the way things were in the early days, how poorly exchanges acted and treated its customers and that shows you all you need to know as to why regulations are important.

Change will start from the government leaders. If they are more optimistic on crypto in the first place, then it will build a sense of acceptance on part of the citizens. But if they keep on pointing out that crypto brings threat to the people due to its risk, then most likely people will be more hesitant on crypto. However, regulating crypto will be much better instead of banning it since the freedom to use for crypto is still there but its somehow controlled or limited.

[Finestream]

The international community are finding ways to scare people away from crypto by implementing stiff regulation on crypto. They have foreseen the future of crypto, knowing fully well that if they continue to keep quiet, bitcoin will take over fiat as the number one choice of currency.
The government doesn't like the anonymous nature of crypto, and the financial freedom bitcoin gives. They want everyone's finances to be on their watchlist, to monitor what goes in their account and comes out from their account.

Well, i think regulating crypto does not gives the whole advantage on the international community alone. Though they are benefiting it through taxes that they can obtain from those exchanges, but crypto or bitcoin regulation has the potential to make the market much safer. It will still likely be a risky investment, but with protections for investors, it's less likely that the market will be able to face as much outside manipulation. Overall, this is a good thing for people who want to invest in cryptocurrency. So its also an advantage on the crypto market and crypto regulation is one way of raising crypto awareness for all potential and non potential investors. https://www.thebalance.com/can-bitcoin-regulation-make-cryptocurrency-safer-4173836

[milewilda]

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

If the regulation can benefit the community of course this is a good thing, I'm sure if the regulation is implemented there will be strict control so that crypto is not decentralized, in fact almost all countries have regulated crypto, namely by implementing KYC on top exchanges and if they don't comply then they are banned banned like top exchanges in my country which can no longer be accessed.

For sure there would be some benefits but as possible as it should be then crypto market shouldnt really be touched up by centralized things but its inevitable just like on what others been saying.
Its beneficial on the sense of exposure and act of adoption but it would really be having some sacrifices as well as we do all know.It is really just a matter of choice whether you do opt to deal
on it continuously or would find for another things which would really cater out your in concern about anonymity and decentralization.

[skarais]

Instead of campaigning against bitcoin or crypto by banning it, it would make more sense for the government to think about how to profit from it by regulating it even if the regulation is limited to tradable assets (not as a means of payment). Taxes are one of the many ways for governments to profit from bitcoin or other cryptocurrencies, so perhaps regulation is a better way for the current government than banning it as China does today.

There is no more plausible reason to ban bitcoin in a country than a government that wants to keep its centralized financial system longer or that they want to own and develop their own cryptocurrency. There is no reason bitcoin can disrupt the economic stability of a country because basically bitcoin has helped the country's economy from a different side, especially for its users or people who believe in the potential profit from it.

[zaim7413]

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.

Cryptocurrencies can be a potential source of income for the country, starting from taxes or a different side. Cryptocurrency trading that continues to grow can provide a potential contribution to the country. Market capitalization that reaches trillion dollar can be used as additional income for the country. The conditions are that it must be managed properly.

The state must play a good role as a regulator and a facilitator. The right policy will be an advantage for the country and supports the welfare of all elements of society, especially crypto users. Crypto users and businesses will be very happy if state institutions have an exchange, because they will get a legal certainty and all parties involved in crypto trading feel protected.

[GEMIN_M4]

Crypto is big now and it's something that even the government don't want to miss, remember that CBDC became possible because of crypto and blockchain technology, no matter what regulation will happen sooner or later.

[SquallLeonhart]

Crypto is big now and it's something that even the government don't want to miss, remember that CBDC became possible because of crypto and blockchain technology, no matter what regulation will happen sooner or later.

CBDC has already failed. Who exactly have you seen that is interested in making use of CBDC? They are digital currencies that were created for the purpose of transaction, and how many people have you seen that are making use of it to make transaction? Moreover, they are currencies that only function in their locality, they are not like Bitcoin which you can use to make global transaction; sending money to anyone that is anywhere around the world. They are simply the same fiat, why would I stress about using them? I already online banking, so it is of no use to me.

And as for regulation of decentralized currencies, we don’t know how that is going to be yet. We are still at the early stages, the government are trying all they can to regulate it, but we don’t know if it will work yet.

[barbara44]

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

Well it’s possible, there are centralized exchanges, so the government would always use them as tools to regulate the cryptocurrency market. They will be able to get out as much information from custodial wallet users, as much as possible.

People have never stopped making use of custodial wallets where another party is in control of their private keys, an organization that is being controlled by the government. But, one thing for sure is that the government will not be able to control the decentralized world. Exchanges that are decentralized would still remain safe, I believe that.

[Oceat]

-snip-
Exchanges that are decentralized would still remain safe, I believe that.

But the question is, how long? Regulations are being implemented faster than we thought as long as they saw a large cash flow of a certain decentralized exchange. I think there are numerous limited decentralized exchange out there that isn't been implemented with regulations yet. And the government will continue to push this regulations to almost every exchange they found making lots of transaction almost everyday.

[gantez]

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

If this information is coming from IMF (although no link for that) then the point is already made that soon full regulation will come in place. With the importance that has been elevated of bitcoin in the world as Russia and Ukraine are fighting this war and Ukraine accepting financial assistance on bitcoin, then it is a little more time more. I don't expect a full regulation though but something that will also make it legal to use.

[avikz]

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 is inevitable! It will come our way sooner or later, but we won't be able to avoid it in any way! Now there is a difference between regulatory action and regulation. Right now, the crypto has reached to a position where regulatory action seems quite unlikely. Rather we will have some sort of framework and regulations available for all of us to adhere to. Definitely it can't have a holistic effect but IMF and international bodies will try to bring as much population as possible within the regulatory framework.

I believe that will be good to some extent for the growth and adaptability of cryptocurrencies in long run. But yes, people may not like regulations around KYC or taxation. But not all regulations are user friendly in it true essence. So we will have to see when it will come. But it is inevitable!

[wxa7115]

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

It is inevitable, after all we do not control the reactions those governments are going to have towards bitcoin, so something like this was to be expected and there is nothing to worry about.

After all as long as the essence of bitcoin remains unchanged then you will still be able to use your bitcoin as you want, just as governments do not have complete control over cash transactions they will not have complete control over bitcoin transactions so you will still be able to skip around those regulations if you are willing to make the effort to do so.

[Mahanton]

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

It is inevitable, after all we do not control the reactions those governments are going to have towards bitcoin, so something like this was to be expected and there is nothing to worry about.

After all as long as the essence of bitcoin remains unchanged then you will still be able to use your bitcoin as you want, just as governments do not have complete control over cash transactions they will not have complete control over bitcoin transactions so you will still be able to skip around those regulations if you are willing to make the effort to do so.

Even if we do react, as if we could have something that we could do? None still because regulation would really become more strict and even if they couldnt regulate or control crypto directly or technically
but still they could really put up their focus on to those platforms which do runs of a business that connects out with crypto on which those platforms wouldnt really be having any choice
but to abide with the laws or else they would really be facing up on a tough situation and this is where things do become more hard if we do really talk about totally decentralized stuff.

[iv4n]

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

I am sure that governments around the world will try to impose some control over cryptocurrencies, the question is how much they will really be able to achieve something! With the advent of the Internet, the world is changing, the Internet is changing the world, and so far we have been able to understand that it is almost impossible for any country to completely eliminate the influence of the Internet!
With cryptocurrencies, something similar is happening, it is spreading everywhere with incredible speed and entering all spheres of society, as far as control is concerned, with over 15,000 cryptocurrencies it is difficult for anyone or anything to control all this! So when it comes to regulating the crypto market, I think it is somewhat possible, but there will always be a free part that will be completely decentralized, and who knows, maybe one day in the distant future that decentralized part will beat the centralized part!

[TelolettOm]

I think so after what happened in my country. When the country legalized crypto as a commodity asset, many people ended up working in the crypto industry. And the bad outlook on crypto is starting to fade. However, when there are other regulations regarding haraam in crypto, then there is a lot of negative news again and people choose to stay away.
This may have an effect on society.
However, this won't be of much consequence to anyone who is probably already familiar with the crypto industry and already knows how good and bad it is.

[TheUltraElite]

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

If you are expecting governments to say this in public, you will be disappointed but in future it might happen that governments are more lenient towards crypto and its transactions as soon as they devise a method to successfully tax every capital gain on this asset.

Regulation should be taken up with a positive note, in my opinion. It is inevitable because the number of scam projects making a bad name for crypto are way more than any legit project. Bitcoin is no longer the focus on newbie entrants but altcoins and shitcoins that have no value. They do learn their lesson but by then it is too late.

It is the reason why proper development in tech on this sector has also slowed down.