Is it possible that all cryptocurrency will become regulated?

[gunhell16]

Top Democrat Seeks Probe on Use of Crypto in Retirement Accounts
- House Democrat asks watchdog for data on crypto in 401(k)s
- Lawmakers divided on how to regulate cryptocurrencies

House Ways and Means Chairman Richard Neal is asking a federal watchdog to scrutinize the emerging practice of retirement-savings programs offering cryptocurrency investments.

Neal, a Massachusetts Democrat, said in a letter to the Government Accountability Office that he’s worried about the lack of regulation for crypto investments, which could in turn harm retirees’ savings pools if they put money in such assets.

Referrence: https://www.bloomberg.com/news/articles/2022-06-15/top-democrat-seeks-probe-on-adding-crypto-to-retirement-accounts?srnd=cryptocurrencies-v2

According to my analysis,  Means chairman Richard Neal was a Democrat politician in a Federal showed concern for retiring employees though I'm not sure if I understand this correctly however, you are free to correct me just in case I am wrong. Retirees need to be careful to put their savings on cryptocurrency investors due to the lack of government regulation. And I think his request to the GAO to provide data to cryptocurrency employers so that it can be regulated where they are obliged to pay taxes to the government.

I also like to ask everyone of you here, where if you are in favor that all cryptocurrency
must be regulated under byt the government?

my opinion - If ever all cryptocurrency will become regulated, that means all crypto employers can able to contibute in the economy.
if that happens the economy of the country could also increase, although it will in control by the government.

Do you also think that all retirees savings are prohibited to invest in the cryptocurrency?

my opinion - Not all retirees are open minded into cryptocurrency, there are some of them have an idea about this industry of business.
so if I am one of the retiree and have an idea about in cryptocurrency, I maybe put some of the percentage of my retiree savings
where even I know there is risk, but it still fine due to I am willing to loss it if ever I encounter bad things happens in the market.

Which is more safe Regulated Cryptocurrency or not Regulated?

my opinion - whether cryptocurrency is regulated or not they have both advantages and disadvantages.
Though its another topic, and I don't want to elaborate that.

[bittraffic]

Crypto market is regulated now. The government however is not in control of it so there is the bipartisan collaboration in the name of Senators Lummis and Gillibrand both from different party passing this new bill. I think it will be regulated still despite the government not able to control Bitcoin and few others but most altcoins can be easy for them to regulate.

Defi is probably going to be regulated too. As for retirees not able to invest in crypto, that would be sad and scary because its what Davos meeting was about also. "You will own nothing and be happy."

[Apocollapse]

All cryptocurrrency can be regulated because most of people trading their coins on centralized exchanges rather than decentralized exchanges, this make regulating all cryptocurrency is possible. But some decentralized coins e.g. Bitcoin and privacy coins e.g. Monero and Zcash can't really be said government have a full control over those coins since some users can use decentralized exchanges. I'd say it's regulated for people who're using centralized exchanges and not decentralized exchanges.

The advantages of government will regulate cryptocurrency is they're give legal permission to buy and trade Bitcoin, this will increase the adoption and in the same time government can earn money through taxing the crypto as trading asset or income. It's both win-win situation for crypto enthusiast and government.

But the disadvantages is some users who have high privacy concern will lose their privacy since regulating Bitcoin and Monero will make them reveal their identity.

Retirees saving shouldn't be forced to paid with Bitcoin, instead offer them to choose either Bitcoin or fiat money.

Safer or not it depends on the crypto itself, if they regulating shitcoins, it's useless since shitcoins is pump and dump coins which easily to be manipulated.

[Don Pedro Dinero]

Crypto market is regulated now.

Yes, I don't know about the whole world, but in the vast majority of the world's countries for sure. What I also believe is that regulations are going to become stricter and stricter, imposing more and more KYC. It is as if the authorities, when they realised that they could not put an end to bitcoin, decided to tolerate it in order to control it in a subtle way.

[Haunebu]

It's pretty much impossible to regulate all cryptocurrencies. It's true that more and more cryptocurrencies, exchanges etc keep getting regulated in different ways as time passes, but there will always be a decent portion of the crypto market which will stay unregulated.

Personally, I don't like regulations since the whole point of BTC and other popular cryptocurrencies is to conduct financial transactions anonymously away from the prying eyes of the government.

Anyone who says that the crypto market is completely regulated now needs to improve his/her brainpower.

[m2017]

All cryptocurrrency can be regulated because most of people trading their coins on centralized exchanges rather than decentralized exchanges, this make regulating all cryptocurrency is possible. But some decentralized coins e.g. Bitcoin and privacy coins e.g. Monero and Zcash can't really be said government have a full control over those coins since some users can use decentralized exchanges. I'd say it's regulated for people who're using centralized exchanges and not decentralized exchanges.

Like everything else in the world, cryptocurrrencys is also evolving and changing, so I think that in order for government to not be able to regulate, there will be more services that allow to buy and sell crypto without centralized exchanges.

The advantages of government will regulate cryptocurrency is they're give legal permission to buy and trade Bitcoin, this will increase the adoption and in the same time government can earn money through taxing the crypto as trading asset or income. It's both win-win situation for crypto enthusiast and government.

Oh yeah. Any government wants to get taxes on it, but what they hate the most is that it allows people to get out of their financial control.

A win-win situation is not possible here due to the fact that cryptocurrencys were created in order to be independent of the financial system of governments. By linking crypto with the government, we get the same traditional banking system, but already more rigid for users due to blockchain.

But the disadvantages is some users who have high privacy concern will lose their privacy since regulating Bitcoin and Monero will make them reveal their identity.

Retirees saving shouldn't be forced to paid with Bitcoin, instead offer them to choose either Bitcoin or fiat money.

Safer or not it depends on the crypto itself, if they regulating shitcoins, it's useless since shitcoins is pump and dump coins which easily to be manipulated.

The downside is that everyone will lose privacy, whether anyone cares about it or not.

[galambo]

Crypto and regulations are two different things. Bitcoin was designed to be anonymous and sensorship free. While regulations bring bitcoin under sensorship. I don't think we can call a regulated cryptocurrency as cryptocurrency its just a digital currency. Cryptocurrency at its core is decentralized not centralised.

[so98nn]

I also like to ask everyone of you here, where if you are in favor that all cryptocurrency
must be regulated under byt the government?

No, never. I am against this act and government should not interfere with the crypto currencies at all. Crypto currency's first ever agenda by Mr. Satoshi was to create self working systen and ownership of transaction. How can anyone deny the fact that we are able to control our own assets and that to be given into the hands of Government, the same Government whose not supporting you when you need financial assets with their hard rules and regulations.

Do you also think that all retirees savings are prohibited to invest in the cryptocurrency?

Why they should care about our retirement money? If I am saving up anything into my retirement plans then thats because I want enjoy my after retirement life, and want to do whatever the hell I want with that money. So if invest it into crypto then I invest into it!

Which is more safe Regulated Cryptocurrency or not Regulated?

Bite me, Definitely unregulated.

[maydna]

Crypto and regulations are two different things. Bitcoin was designed to be anonymous and sensorship free. While regulations bring bitcoin under sensorship. I don't think we can call a regulated cryptocurrency as cryptocurrency its just a digital currency. Cryptocurrency at its core is decentralized not centralised.

But bitcoin is used by people in different countries led by respective governments. That government has not fully recognized bitcoin and wants to regulate bitcoin or crypto. So even though bitcoin is anonymous, it remains under the control of the government as it runs the government. Indeed, crypto is decentralized but when it enters a country, it must comply with the rules that exist in that country.

[Husires]

How can an argument be built on something meaningless if the United States regulates Bitcoin, will this ensure that its value is stable or less volatile, or what are the risks it is talking about?
What is the role of regulatory frameworks that he talks about? To own fake bitcoins or invest in mutual funds/ETFs?

my opinion - If ever all cryptocurrency will become regulated, that means all crypto employers can able to contibute in the economy.
if that happens the economy of the country could also increase, although it will in control by the government.

Governments can impose exorbitant taxes and thus force users not to use cryptocurrencies.
The role of the government, especially at this stage, as the price in the weakest cases may lead to a return the price to 2016 levels.

[bitzizzix]

Many aspects of cryptocurrencies are difficult to regulate and governments cannot easily regulate the content of blockchain, which is essentially a decentralized ledger.
and besides, the crypto market is global and does not depend on financial support or infrastructure from any particular country and which is actually one of the reasons for the existence of cryptocurrencies.
However, moderate pro-regulation administrations can do more to regulate crypto. For example, it is possible to implement regulations to integrate cryptocurrency exchanges into the financial system and although they can regulate them, appropriate taxes and regulations may be imposed.

[Ucy]

Which would we rather ask for:  An external/foreign Regulator regulating a living human body which is already self-regulating (or can be self-regulated), Or Regulating the external activities of the Body by external/internal Regulators?
Well, I believe most activities should be done internally and regulated by Internal Regulators.

[Zilon]

According to my analysis,  Means chairman Richard Neal was a Democrat politician in a Federal showed concern for retiring employees though I'm not sure if I understand this correctly however, you are free to correct me just in case I am wrong. Retirees need to be careful to put their savings on cryptocurrency investors due to the lack of government regulation. And I think his request to the GAO to provide data to cryptocurrency employers so that it can be regulated where they are obliged to pay taxes to the government.

Neal concern for regulation of cryptocurrency investment is important for this retirees because the market is highly volatile and many might not understand the risk involved coupled with their advanced ages. Regulation of crypto in this context is important.

GAO requested data is to first get the type of employers who offers this crypto investment in tax-advanced accounts using 401(k) plan ( a company-sponsored retirement account that employees can contribute income, while employers may match contributions.) as instance and how the determine crypto valuations and fees, alongside safeguard easures related to those investments.

[Fivestar4everMVP]

I also like to ask everyone of you here, where if you are in favor that all cryptocurrency
must be regulated under byt the government?

Well, in as much as we all want total freedom from the government and banks, we must all face the fact, and that fact is that we need or will  definitely need that all cryptocurrencies be regulated if full adoption must happen, and also this will help bring down the number of scammers that go about creating different cryptocurrencies with a target of scamming unsuspecting victims.

Do you also think that all retirees savings are prohibited to invest in the cryptocurrency?

This should be an individual decision, no one should be prohibited or stopped from investing their pension savings in crypto if they so choose to, its their money, they have a right to invest it where ever they choose to.
Governments and banks having control over ones financial decisions is the highest form of slavery, and this is one of the advantages of governments regulating crypto.

Which is more safe Regulated Cryptocurrency or not Regulated?

Like i said earlier, crypto needs adoption, we all want crypto to gain full adoption all over the world, this adoption is likely not going to happen without regulation, and its eminent that without regulation, alot of newbies will continue loosing their hard earned money to scammers and fraudsters through scam and fake coins that are being developed everyday, and the more the news of people loosing money spread, the more many people will get scared and will do all they can to stay away from crypto, so i think regulation is needed so as to bring the full adoption we all want,  but it should be done in a way that makes sure that we still have power over our money and are free to decide what to do with it or where to invest it, this freedom should be maintained.

[Natalim]

In general, the crypto market is already regulated now.

yes, we can still transact crypto using our wallet and maybe sell through a p2p transaction, however, we cannot be confident that regulators are not looking into this, their job is to regulate everything, and that's why most of the crypto exchanges are operating under a license because it's the government that wants to ensure financial institutions like exchanges are regulated well.

[avikz]

Regulation is way to mass adoption. Unless and until a robust legal framework is available, merchants will not be accepting cryptos as a payment method. Once a legal framework is available, then it will pave the way for adoption. However, regulating a cryptocurrency is not possible. What possible is to regulate the crypto market within a certain country. Many countries have started doing that but we are still missing a legal framework except few countries like Japan, Germany etc.

[mindrust]

It is possible and probably will happen.

You just can't spend your coins legitimately if the government don't allow you to. That's just the way of life and we can't do anything about it. Companies pay taxes and that makes the government their biggest shareholder/partner. Not only that, the government has the power to enforce the law via police. If the gov wants something from you, they get it one way or the other.

[Wexnident]

It isn't impossible and most likely what will happen if we wish for adoption tbh. There's a reason why fiat still stands even though a lot of people have been saying that inflation has pretty much ruined it. It's not a negative thing, it just controls what crypto originally is, or limits its original capacity. And tbf, even if all users were to be against crypto regulation, they still hold the power to make stores, services, or businesses in general to regulate crypto that comes in or outright not allow it.

Not to mention how most of the people entering crypto themselves are using centralized exchanges.

[el kaka22]

Retirement money used for crypto is the most logical thing ever. Assuming you are 20 year old right now, keep investing each time you get a salary (considering you get paid monthly) means that you will be able to invest for 40 years, so for 480 times. Not only does this make it automatically DCA as well, it also means that in 40 years god knows what bitcoin will be.

This is why I believe that it is quite important for people to invest into bitcoin for their future. When you are 60, you will retire as a very very wealthy man, in fact, if you start doing it that early, you may retire even earlier if you want to, maybe at 40-50 years old because bitcoin may bring you that much money.

[Renampun]

...

Which is more safe Regulated Cryptocurrency or not Regulated?

my opinion - whether cryptocurrency is regulated or not they have both advantages and disadvantages.
Though its another topic, and I don't want to elaborate that.

surely the centralization coins will be subject to regulation from the government...

being pseudonymous like satoshi is a genius move because the government will find it difficult to intervene in bitcoin. but for bnb or eth, surely the government will easily intervene both because the creator is known. I agree with regulation it definitely has pros and cons but I personally don't see regulation as good for the crypto market.