Is it possible that all cryptocurrency will become regulated?

[bustabitsboy]

I think it's possible. But is there a need for this? We all understand that the money from taxes can be directed to the development of the country. But won't it cause the opposite reaction? Cryptocurrency legalization may provoke an increase in cryptocurrency crimes and hacker attacks on wallets. Of course it can happen now, but with an increase in interest in cryptocurrency, new processes in the criminal environment will begin to work. But that's just my guess.

[1714821767]

1714821767

[Leviathan.007]

That's what the governments want to be able to regulate all the cryptocurrency while if you are familiar with the base of the cryptocurrency you can understand that there is no way for them to take control over it completely and regulate everything, however, I believe they do not have and will neven have enough power to do such thing anytime soon. Currently, all they can do is mostly control the exchanges between fiat and cryptocurrencies because they can track the bank accounts and understand if the account is related to cryptocurrencies or not. On the other hand, some cryptocurrencies are made to be anonymous, and being regulated is against their rule.

[Markinzo]

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.

I personally think the chairman, Mr Richard Neal is actually trying to in real sense protect a larger number of retirees who are conspicuously ignorant about the working of cryptocurrency, and mind you this is about people that have spent most quality part of their years in rendering services to their state or country and now totally depending on their retirement benefits for survival, and we all know about the volatility of cryptocurrency "how many retirees can cope with that"?,
 So for me I don't support the savings of retirees to be invested on cryptocurrency. Especially as it is non regulated and decentralized.

[dunfida]

That's what the governments want to be able to regulate all the cryptocurrency while if you are familiar with the base of the cryptocurrency you can understand that there is no way for them to take control over it completely and regulate everything, however, I believe they do not have and will neven have enough power to do such thing anytime soon. Currently, all they can do is mostly control the exchanges between fiat and cryptocurrencies because they can track the bank accounts and understand if the account is related to cryptocurrencies or not. On the other hand, some cryptocurrencies are made to be anonymous, and being regulated is against their rule.

They have been doing their best on stopping crypto since from the start because anything that can't be controlled or be taxed is really against their interest which it isn't surprising that they would really be having that kind of impression and steps against overall crypto market.Regulation can't be possible of we do talk technically but they could possibly make out involvement via regulating platforms that involves crypto.
There's no way that they could extent out even if they wanted too thats why one of their ways is to make out some false news or information via those bias media which could really affect the way
others think or impression towards crypto and this is one of their main plans because they cant just easily control so they would really be doing this way instead.

[gunhell16]

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.

I agreed that Crypto is differ to regulations. Moreover, not all cryptocurrency also are under by decentralized, assuming that the crypto is
decentralized and of course, this coins in the future possible to be list in the centralized exchange, is it? And once the coin which is decentralized will be list at centralized exchange, will that coins remain decentralized?

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.

So for you Sir, it is too impossible in the near future that cryptocurrency will become regulated or will in control by the government?
Although, I believed that don't put our eggs in one basket.

[justdimin]

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.

Governments will do whatever they think will benefit them the most. Tomorrow if banks all get together and decide that they would love to pressure the government to ban bitcoin and all crypto, then they will bribe all the corrupt politicians and we are going to see no crypto support from that government at all and even make it banned thing.

This is why never put all of your trust towards any government or bank, they are only caring about what they make as a profit and nothing more. Things may look like it is regulated and doing great for the time being, but we have seen so many laws in all over the world that got overturned after a while.

[Fortify]

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.

It's very possible that it will become regulated in the end and this could be the greatest thing ever to happen to cryptocurrency. There are some people who cannot separate the supposed anonymity that crypto gives you and the benefits of a decentralized currency. It is the latter which will really shine through, because it offers less weak points than traditional payment networks if it is properly monitored. If crypto is to compete with regular transactions then it requires the cooperation of central banks, they currently have visibility of people conducting transactions within their jurisdiction and will only accept crypto fully once they can properly gain access to the same information for all sorts of purposes - including taxes and monitoring potential criminal activities.

[CaVO32]

It is impossible to make the regulations of all cryptocurrencies today, which number more than 20k, a month New Listed Coins can reach 1000, maybe an easy regulation is like what Dex does, namely with liquidity, with large liquidity it will make the scam project will decrease.

Just take a very good example, the Monero coin, can the government regulate a privacy coin? I don't think so. So only few of these coins can be regulated by the government, most are those that are heavily used in the market like BTC, LTC, BNB or XRP. But about 90% of alts, won't make it in the regulation board of the government. Besides, let us admit that only few alts are being used by crypto users on a daily basis. Most of them are just used for possible short-term profits and very few for long-term investments, because their lifespan is too short.

[mdgabrielzim]

It is impossible to make the regulations of all cryptocurrencies today, which number more than 20k, a month New Listed Coins can reach 1000, maybe an easy regulation is like what Dex does, namely with liquidity, with large liquidity it will make the scam project will decrease.

Exactly, the volume of new coins created only grows more every day and without any control. I think it would be valid if the regulations were made before the project was launched, because that would bring more security to those who were going to invest.

[adzino]

Not really. The true decentralized currency can never be regulated by the government. The only way they can regulate crypto currency is through an indirect way. The government can take control (regulate) those centralized exchange, wallets and crypto currencies. So anyone as long as they are not using those centralized institution or interacting with fiat currency will be able to evade those regulation.

[Kakmakr]

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.

1. I am not too worried about "regulation" ...because I know, governments will not allow a competitor "currency" to function without regulations. (Bitcoin must get the same treatment than any other financial instrument)

2. The contribution in the global economy from a Bitcoin perspective, will be less exclusion to the financial system from poor people that are currently excluded from the Banking system.

3. I think every pensioner should have a balanced portfolio. A small portion of their savings must also be in Crypto currencies, because they want to benefit from a large spike in the Bitcoin price.. when it happens. (They should be restricted into investing in Shitcoins / NFTs ...and Ponzi schemes that are linked to Bitcoin payment)

4. Regulation of Crypto currencies will satisfy the government and also give people a false sense of security. (The will feel safe)

[Pujangga]

It's time for cryptocurrencies to implement strict regulations, the presence of regulations can convince investors to invest and avoid scam projects, nowadays many people use cryptocurrencies as a means of scam, so based on reports that cryptocurrencies are the second position for scams.

[Hamphser]

It's time for cryptocurrencies to implement strict regulations, the presence of regulations can convince investors to invest and avoid scam projects, nowadays many people use cryptocurrencies as a means of scam, so based on reports that cryptocurrencies are the second position for scams.

They can regulate but only into those coins which are centralized and those platforms involved which government could able to take hold because we know that not all coins does have that feature which could be controlled or simply centralized and that what makes the market does have division in between centralized and decentralized.

Speaking of regulating all crypto? It can't really be possible yet main supporters of crypto does give out importance about anonymity and being decentralized which they can't just able to control even if they wanted to.

[gunhell16]

Not really. The true decentralized currency can never be regulated by the government. The only way they can regulate crypto currency is through an indirect way. The government can take control (regulate) those centralized exchange, wallets and crypto currencies. So anyone as long as they are not using those centralized institution or interacting with fiat currency will be able to evade those regulation.

Maybe for now the majority of the coins are under by decentralized based concept. While in the private coins example that are regulated by the government was XMR or known as Monero, and Ripple(XRP) if I am not mistaken. And there are only two thing may happens if ever one cryptocurrency enter into one country, they can ban it or regulate it or sometimes the government adopted it, same scenario with the banks as well not all of them are accepting the fact, but few of banks are accepted Bitcoin or crypto like Unionbank and more.

It's time for cryptocurrencies to implement strict regulations, the presence of regulations can convince investors to invest and avoid scam projects, nowadays many people use cryptocurrencies as a means of scam, so based on reports that cryptocurrencies are the second position for scams.

You are certainly correct Sir, the advantages of the coin once it become regulated is that, scamming the community here in the crypto space will be disappear little by little, security will be going to level up, though tax will come to us for every transactions for sure in the end. What do you think? am I right?

[BlockchainMentors]

Regulating or restricting the use of cryptocurrency would be a daunting task for any Govt. There are many ways to buy, sell, and trade Bitcoin/crypto, even without a centralised exchange
Most of the trading in the crypto world is not regulated by any federal authority, and there is a reason for that. The core idea behind this decentralised crypto ecosystem has this independent system.
 However, due to fake/scams, some regulation is needed to make the market safer.
Governments in many countries are considering regulating cryptocurrencies to ensure their control remains intact and tax revenues aren't affected.

[Cryptock]

Regulating or restricting the use of cryptocurrency would be a daunting task for any Govt. There are many ways to buy, sell, and trade Bitcoin/crypto, even without a centralised exchange
Most of the trading in the crypto world is not regulated by any federal authority, and there is a reason for that. The core idea behind this decentralised crypto ecosystem has this independent system.
 However, due to fake/scams, some regulation is needed to make the market safer.
Governments in many countries are considering regulating cryptocurrencies to ensure their control remains intact and tax revenues aren't affected.

That is correct. Its like giving the authority and power to everyone. The supreme power would like to keep it in their hands.
Who would be slave if everyone will be having power in their hands. But yes if USA wants - i would happen.

[TheUltraElite]

It is impossible to make the regulations of all cryptocurrencies today, which number more than 20k, a month New Listed Coins can reach 1000, maybe an easy regulation is like what Dex does, namely with liquidity, with large liquidity it will make the scam project will decrease.

A government can regulate the amounts coming in and out of an exchange and thereby tracking the KYC of the accounts running those trades. From that a lot of information regarding owned assets, taxation and possible tax evasion could be checked. But for that centralized exchanges need to run under government reins which has not started yet. DEX and how they operate is also vulnerable to government crackdown. But these things should only instill fear in the minds of criminals, average Joes like the major number of users in this forum need not worry.

This is what I feel how regulation will start. In my opinion any change is good for the future. While some people might argue otherwise, the number of scam coins on the market is way more than the number of legitimate projects.

Therefore in future some middle-ground needs to be reached and a type of regulation may happen. How? we have to wait and see.

[Minecache]

I think it's possible. But is there a need for this? We all understand that the money from taxes can be directed to the development of the country. But won't it cause the opposite reaction? Cryptocurrency legalization may provoke an increase in cryptocurrency crimes and hacker attacks on wallets. Of course it can happen now, but with an increase in interest in cryptocurrency, new processes in the criminal environment will begin to work. But that's just my guess.

The legalization of crypto will certainly increase interest and crypto will quickly become more popular. But this does not mean that there will be an increase in crime in the crypto industry, once legalized and regulated by regulations, scammers and hackers will be more closely monitored by the government.

Currently, many countries do not consider bitcoin to be legal, so criminals who have taken advantage of that loophole can blatantly create scam projects to profit without harm.

[bustabitsboy]

I think it's possible. But is there a need for this? We all understand that the money from taxes can be directed to the development of the country. But won't it cause the opposite reaction? Cryptocurrency legalization may provoke an increase in cryptocurrency crimes and hacker attacks on wallets. Of course it can happen now, but with an increase in interest in cryptocurrency, new processes in the criminal environment will begin to work. But that's just my guess.

The legalization of crypto will certainly increase interest and crypto will quickly become more popular. But this does not mean that there will be an increase in crime in the crypto industry, once legalized and regulated by regulations, scammers and hackers will be more closely monitored by the government.

Currently, many countries do not consider bitcoin to be legal, so criminals who have taken advantage of that loophole can blatantly create scam projects to profit without harm.

I believe that the future belongs to the cryptocurrency. But for this we need to do a lot of work. A strong mechanism for control, supervision and regulation of the cryptocurrency market must be created. We must be protected not only from hackers, but also from additional government payments. The legalization of cryptocurrency is a matter of time.

[Smartvirus]

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?

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

Which is more safe Regulated Cryptocurrency or not Regulated?

When it comes to regulation as that is the aim of governments around the world and they would stop at nothing until it is archived or they totally fail at it and get to accept that, its not possible! Cryptocurrency shouldn't be regulated.
I mean, should Cryptocurrency be regulated, of what difference would it be to fiat or the CBDC as we have it these days?
It's as well as pushing it off the market or out of existence. I don't see that happening anyways!

So where does this prohibition of retirees savings come in. Do they get go monitor what you do with your earned money after you withdraw them? It's always going to be entirely up to you to decide where to risk it.

Perhaps we should live our regulated digital currency in the CBDC for those who care to use those and the unregulated in actual cryptos, especially Bitcoin.