It needs soft regulation to prevent laundering and scam ICOs.
ID checks, tax on profits etc.
You can complain about taxes on profits but tax is always going to be a given and a must before crypto can be accepted by governments as currency.
Such a thing would encourage more growth long term.
Topic: Bitcoin: To regulate, or not to regulate that is the question - page 2. (Read 211 times)
The only saving grace bitcoin needs to be generally accepted all over the world is to allow Government to regulate the flow in the financial market. Some criminal are now hiding unde it to promote terrorism and crime in sme nations but ifGovt can et hold of the regulatory it will definitely reduce the rate of crime or abuse of it
This is very true, but criminals don't just use cryptocurrency - fiat - being the biggest "tool" for criminals and also gold. But yes, regulating it would likely help reduce the rate of crime/abuse of it. How governments could control and regulate crypto exchange between people? To jail people who change crypto to fiat and vice versa? To enter mandatory KYC on main exchanges?
Yes, I guess it would mean that the main exchanges would need to carry out KYC/due diligence on buyers. Also, I think, that if there is 'reasonable' concern that untoward activities are being performed, some might be forced to reveal their identities. I'm thinking along the same lines where a VPN company which protects someones online privacy - however, if VPN company receives a warrant from law enforcement or some such similar body, then that VPN company will furnish them with IP address, pages visited, etc.
The only saving grace bitcoin needs to be generally accepted all over the world is to allow Government to regulate the flow in the financial market. Some criminal are now hiding unde it to promote terrorism and crime in sme nations but ifGovt can et hold of the regulatory it will definitely reduce the rate of crime or abuse of it
I think government regulation encryption money market should merely requires each exchange verification KYC information, because as the BTC and some token use is POS mechanism, so government can't regulation the btc produce.
How governments could control and regulate crypto exchange between people? To jail people who change crypto to fiat and vice versa? To enter mandatory KYC on main exchanges?
first of all, how can they regulate a P2P anonymous crypto like Bitcoin?
There is a lot of talk about regulating or not regulating BTC and cryptocurrency in general.
The European Union is talking about working on a regulatory structure to control money laundering and terrorism, etc. France and Germany are, allegedly working on their own regulatory structure.
The United States is sat on the fence as they are, apparently, still working out the pros and cons of BTC/cryptocurrencies before implementing any regulations.
What do you think?
Should cryptocurrency be regulated and if, so why? If not, why do you think it shouldn't be regulated?
The European Union is talking about working on a regulatory structure to control money laundering and terrorism, etc. France and Germany are, allegedly working on their own regulatory structure.
The United States is sat on the fence as they are, apparently, still working out the pros and cons of BTC/cryptocurrencies before implementing any regulations.
What do you think?
Should cryptocurrency be regulated and if, so why? If not, why do you think it shouldn't be regulated?
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