Is it possible that all cryptocurrency will become regulated?

[vv181]

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.

Realistically, in everyday living, regulation will come sooner or later. But in another hand, if as an example that the Bitcoin protocol or network must adhere to government regulation, it's not a matter of favour or not, since it will obliterate the foundation that built Bitcoin anyway. Bitcoin itself is apolitical, it only follows the majority of what the nodes agreed, not governments.

But in meatspace, of course, governments want their own percentage. So if the adoption in some countries is growing up, the regulation will come whether we like it or not.

[Captain Corporate]

Weirdly enough, even that could possibly happen if people wanted it to happen. Doesn't mean that it will happen, just means that the technicality of it is there. Anything on bitcoin could be changed, as long as everyone agrees to it, which is a weird thing but it shows how decentralized and democratic it is. For example, we all know that it is 21 million bitcoins max right? What stops people to build a new version, where it is 210 million instead, and everyone approves it and moves to that? Or maybe government wants something, and want to control it or see it better and remove privacy, well if everyone accepts it, then we will move to that chain. So all in all, its not "impossible", highly unlikely and won't happen but I just wanted to remind everyone that its not technically impossible.

[Doan9269]

If we are to say we will all go by all cryptocurrencies being regulated then i think we are missing the vital part here which is bitcoin, decentralized and altcoins, these three mentioned are different things that neede to be considered first, we cannot assume all cryptocurrencies to be digital coins of value since many of them fail the test of time, bitcoin can be regulated but cannot be centralized, while it will be difficult to make altcoins go regulated since many of them were seek and hide coins and stand to loose nothing at worst case.

[dark1234]

I think when cryptocurrency is legal in your country the government must regulate it and provide special laws such as tax rules, transactions and permits, not regulating how cryptocurrency itself works because cryptocurrency is decentralized which the government cannot take part in

[TimeTeller]

Everything goes to the fact that the regulation in cryptocurrency will be ubiquitous and perceived as a common occurrence. While this does not quite fit into the original ideas of cryptocurrency as a decentralized, unregulated anonymous asset, it is still the price of mass adoption. If you want everything to develop and grow in value, be friends with governments, get licenses, pay taxes, go through KYC, etc.

After all, it was integration with traditional finance, where regulations are everywhere, that gave the cryptocurrency industry a big impetus for development, institutional recognition, access to cryptocurrencies for clients of commercial banks, various payment services, etc. As far as I remember, more than 120 countries in the world already regulate cryptocurrencies and have already created tax and regulatory frameworks for cryptocurrencies.

If we do really want massive adoption, let us admit this consequence already.
Because in every aspect of the government's responsibilities, they need to make sure that everyone is abiding their laws and regulations.
So if they won't address this new market, everything will be chaotic if there will be no protocols to follow.
They may not implement high taxation laws, but they need to contain this industry for the protection of their people from these fraudsters.

[romero121]

Cryptocurrencies have got integrated with the traditional market. This has happened through the increasing usage of the technology as well as the regulatory framework developed around. In few countries the government have provided a list of Exchanges through which trading can be done. This means each and everything happening through that particular exchange is taken for the taxation purpose. In such situation coins that are listed to those exchanges fall under the regulated category. However when cryptocurrencies as a whole is regulated there won't be exception. Maybe through decentralised exchange usage one can enjoy the benefits without taxation.

[famososMuertos]

...//...:::

There are several issues that are generated based on what you present in the OP, e.g. You mentioning pensioners; many years ago, at least in my country, used the fixed term or simple savings accounts with interest at 10-15% They vary according to the time and that is where the phrase comes from in my country; "living on interest," according to my grandparents sometimes paid up to 20%, good times!. But it does actually not exist, today!

In fact they do not even reach 1% and that is not the worst, they have account maintenance although sometimes they are not important but it is annoying to know that you have to pay for ATM withdrawals, account maintenance, balance inquiries, etc. . Old people in my country have their money devalued.

So a controlled crypto environment and well-defined "regulated" parameters could make a certain sector, for example, pensioners, be able to opt for crypto-based investment funds or trusts.

Now you ask yourself the following question:
Which is more safe Regulated Cryptocurrency or not Regulated?

Define what parameters for you means "regulated" in a crypto system, if it the same Fiat so does not work, then it is relative to define if it is beneficial or not, it depends on those regulations.

[Darker45]

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?

A reasonable amount of regulation will do. In general, I am in favor of crypto regulation. If it's only Bitcoin, I guess it could be left untouched by the government. But the larger crypto market is more complicated. It is full of risk. It is full of scam. Security is questionable. They have to be regulated. They simply can't be left unchecked.

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

Probably not all. If crypto is within their risk appetite, why stop them? But it will always have to be moderate, perhaps just for the sake of diversification. But age also matters. Bitcoin investment might take years before it assures investors of a return.

Which is more safe Regulated Cryptocurrency or not Regulated?

Regulated, of course. Look at all those failed ICOs after raising billions, hacked DeFi projects, exit scams, Luna 5.0, and so on. You can't just allow them freely roaming around looking for innocent victims.

[wiss19]

If cryptos are regulated the crimes can get lessened and hackers can now be tracked easily but there's still a risk since regulations cant stop volatility, manipulation and other factors which can affect the price of cryptos and can make someone lose his money.

I think I now know why they badly want to regulate cryptos and that is because of the tax that they can imposed after it. Retirees should not be prohibited on using their money to the things that they want because they work hard for it for many years. Though there are advantages if crypto is regulated but I think for me, I want cryptos to remain the way it was meant to be. Sorry.

[KingsDen]

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.

It all boils down on what you mean by regulation.
Personally, these while I have seen regulation as some kinds of rules or laws put in place and maintained by a particular group (mainly the government).

Lolx... I have lied to myself for long time. I have now realised that everything we witness including the crypto is regulated.

If the weather is not regulated, it should be raining forever. Why not night last for ever? Yes, even the nature is regulated.

If the bitcoin is not regulated, bitcoin should be about $1 million by now. Lolx..

The difference is who regulates? Our country's economy is regulated by the government while bitcoin is regulated by the people. Not only me and you, but there are stronger hands that are regulating it, but the good thing is that it's the people.

[kryptqnick]

I find the question the op aska too broad. In some countries, cryptos are already regulated, while in some they are not. I think more will move toward regulation but some will probably remain as those that don't regulate cryptos. Then there is a huge difference in the regulations. There can be restrictions (for example, yes to trading but no to mining or yes to hodling but no to using as payment), there can be tough regulations that don't encourage usage and getting out from the shadows (high taxes, bureaucracy, mandatory KYC for everyone). So regulation doesn't always promote usage and growth of the economy. As for retirement, I think a person should be able to invest in what they deem fit, but funds can't deem cryptos as a low-risk investment.

[ven7net]

As for your questions, it would be good for me personally if the cryptocurrency would be partly regulated, and partly unregulated. This would allow you to compare both of these directions and, if possible, choose the best option for yourself. But if we talk about full regulation, then there are both pluses and minuses. Of the pluses, there will be less fraud from the minuses, that a number of restrictions on the use of cryptocurrencies will be introduced. So it's hard to say which is better, since both of these directions have both pros and cons. As for the investment of the pension fund in cryptocurrencies. Well, why not? If it will bring income, then this is the right decision. But it is best to invest in different assets, then it is more likely to both receive income and not lose all investments.

[erick94]

I think when cryptocurrency is legal in your country the government must regulate it and provide special laws such as tax rules, transactions and permits, not regulating how cryptocurrency itself works because cryptocurrency is decentralized which the government cannot take part in

To control the development of bitcoin or crypto, of course, it will be very difficult for the government, but the government can only make regulations that do keep crypto under their control without them being able to fully control it, now many governments are starting to regulate crypto as a type of investment that is indeed allowed as long as it is not used as a means of payment.

[serjent05]

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?

I am in favor of regulating central exchanges, and crypto projects that ask to crowdfund.  For cryptocurrency to be adopted by the government it needs to be regulated.  Government adoption is very important because it boosts the trust score of the cryptocurrency industry.  Thus, mass adoption is very possible with the government as a supporter.

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

Only retirees have the right to their savings.  So it depends on the retired person whether he will invest his saving to Bitcoin or not.

Which is more safe Regulated Cryptocurrency or not Regulated?

I believe regulated cryptocurrencies have lesser risk than unregulated ones.  With regulated crypto, people have somewhere to go if the crypto project turns out to be a scam and the authority can easily trace the people involved in that fraudulent activity.

[nurilham]

I think when cryptocurrency is legal in your country the government must regulate it and provide special laws such as tax rules, transactions and permits, not regulating how cryptocurrency itself works because cryptocurrency is decentralized which the government cannot take part in

So, what the point is? 
Indeed, crypto nature is decentralized but the government can regulate CEX (centralized exchange), and can make certain regulations to use crypto as an investment or a currency. However, I don't think the government can regulate crypto world as a whole in that way. The government only regulates the use of crypto so that it does not have a bad impact on society. But for the development or adoption of crypto, the government has no control over it.

[Gyfts]

First of all, it isn't a surprise that it's a democratic politician in your original post that is looking for the regulation. Liberal politicians don't like cryptocurrency because it doesn't centralize fiscal powers within a main banking system. It makes it harder to pander to their constituency with free social service programs funded by money printed from thin air. Not that conservative politicians are much better, but at least they try to pretend to be fiscally responsible.

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.

Consider what happens when the government involves itself between the employer and the employee. It usually involves a lot of regulation and taxes. Doesn't create incentives for an employer to expand business, so why would crypto employers need to undergo regulation from policy makers that don't understand anything about the industry? The economy is currently in a ditch because there's been an abundance of regulation and top-down government control by the central banks. QE induced inflation, COVID lockdowns generated by future borrowing -- You want these folks involved in crypto regulation?

Which is more safe Regulated Cryptocurrency or not Regulated?

There are no advantages to a regulated crypto industry. Investors don't need to be saved by the government, they need to be saved from the government.

[Cryptock]

There are no advantages to a regulated crypto industry. Investors don't need to be saved by the government, they need to be saved from the government.

This is not possible - the crypto will not be regulated.
The power will remain in the hands of government and this dream of being cyto regulation will remain the same.

[gunhell16]

Well, based on what I had read to this discussion the majority of the statement or opinion by the others here in this thread section
is that Regulated Cryptocurrency is for real to all crypto enthusiast, the risk obviously will be lesser unlike for unregulated cryptocurrency,
am I right? Besides, most the exchange now where a lot of the community in the crypto space are more in favor to use centralized exchange site platform rather than decentralized exchange. Because it is more secure in terms of our assest be loss.

This is not possible - the crypto will not be regulated.
The power will remain in the hands of government and this dream of being cyto regulation will remain the same.

Nowadays, there are some of the countries are crypto enthusiast just like in Russia, Korea, and in Europe where the majority of the
merchants they have are adopting the high branded top coins as mode of payment to their business such Bitcoin, Ethereum, Bnb, Xrp
and Monero and more.

To control the development of bitcoin or crypto, of course, it will be very difficult for the government, but the government can only make regulations that do keep crypto under their control without them being able to fully control it, now many governments are starting to regulate crypto as a type of investment that is indeed allowed as long as it is not used as a means of payment.

Yeah, some of the government nowadays are really accepting little by little the adoption of the digital currency like Bitcoin or cryptocurrency,
They can't stop this is true and can't be defeat by it. Although, the government of each nations has the power to ban it or not, where it will always depend in the leader official of their estate of republic.

[Mauser]

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.

I think that unregulated crypto currencies are more safe for the investors than the regulated ones. Unregulated coins will probably have higher price movements and volatility compared to regulated coins. But atleast they are save from being intervened by some government agency. When it comes to regulations by the government it's always the question which government is doing it. China has a very different understanding of regulation than the USA. And the crypto coins lose some of its independence. I think retirement funds should allow investment in regulated and unregulated crypto coins. In the end it's our money we invest for our old days, as long as we understand the risks involved we should be able to choose where our money is invested.

[Jody.Drummer]

I think when cryptocurrency is legal in your country the government must regulate it and provide special laws such as tax rules, transactions and permits, not regulating how cryptocurrency itself works because cryptocurrency is decentralized which the government cannot take part in

To control the development of bitcoin or crypto, of course, it will be very difficult for the government, but the government can only make regulations that do keep crypto under their control without them being able to fully control it, now many governments are starting to regulate crypto as a type of investment that is indeed allowed as long as it is not used as a means of payment.

Even this is also a little difficult if it uses the concept of "organizing" as a whole. We know that Crypto is one of the investment instruments that is very difficult to regulate and this is clear because they are still in an anonymity system and carry volatility.
As @dark1234 said a rule like this can only be done from a few angles and the biggest one may be from a tax point of view but after that nothing.