You cannot remove scammer from this market. And scammer exist everywhere, so you need to protect yourself from them. If you do not have the knowledge, you will surely be fooled and lose money
So many times SEC have been catching the scammers from the various project and it looks like the effort that has been doing by SEC didn't even work to give punishment to the scammers and more and more scammer are still around us. That has proven the regulation is not so effective. 
Topic: Crypto regulations still have a chance? - page 5. (Read 955 times)
For bank account you still have to safeguard your online details like password and your ATM card security is all your responsibility, why is that? So government getting involved in crypto won't bring anything new, government hates crypto because they can't control it and that's why crypto is wonderful, the true act of freedom against the government
To control money laundering crypto exchanges have already implement KYC, on binance buying Bitcoin over 5000$ requires KYC, and that's a good move from exchanges but regulations have no power over scammers, we are into paper money which is from the government and yet hacks still happens on bank accounts, this says everything.
You cannot remove scammer from this market. And scammer exist everywhere, so you need to protect yourself from them. If you do not have the knowledge, you will surely be fooled and lose money
If you talk about the scammers, I think we already have our personal regulations which are we must be careful when we want to invest in the project. We already search for more about the project before we invest, and I think that is enough for us to prevent the scammers. Even the government will not easy to find the scammers, but they will use many things to catch the scammers.
Many people belief that the only solution crypto space needed is regulations, what will this solve? The biggest crypto problem is scammers, how can regulations cure this disease? Because regulations can only work on centralized exchanges and projects, what do you think? Drop your thoughts and let's hear you out?
Regulations and decentralization are different things that people mistake with each other. Regulations means "you can't buy 100 bitcoins anonymously, if you do that will be illegal" which is fine, decentralized means "government can't bring 1 million bitcoin and give it to companies" those are totally different things. Regulations are a way to control what you do with money, decentralization is about controlling the money itself and not what you do with it.So, regulations could be helpful, I personally do not care if government checks what I do with my coins, they can trace me and see that I usually buy regular stuff like food and clothes and so forth and pay my bills and credit cards with it. If you are doing anything you want to hide from the government, there are coins like monero for it.
I do not see any regulations in my country, even nobody knows how to regularly pay taxes from crypto profits. So yes, we can expect that regulations come, but we do not know if this help cryptocurrencies with adoption or not. Nobody knows it. We can only pray, that it opens the door for many clients that are waiting for positive regulations.
Many people belief that the only solution crypto space needed is regulations, what will this solve? The biggest crypto problem is scammers, how can regulations cure this disease? Because regulations can only work on centralized exchanges and projects, what do you think? Drop your thoughts and let's hear you out?
If crypto currencies are going to be completely regulated, then they no longer will remain decentralized. They government will get power over the currency. You won't be enjoying your financial freedom anymore. Bitcoin can never be a centralized coin. It was made to be completely decentralized.The government can come up with their own centralized regulated currency.
Many people belief that the only solution crypto space needed is regulations, what will this solve? The biggest crypto problem is scammers, how can regulations cure this disease? Because regulations can only work on centralized exchanges and projects, what do you think? Drop your thoughts and let's hear you out?
Cryptocurrency fraud is really one of the biggest problems that prevents its effective development. However, not only exchanges suffer from scammers. First of all, these are new ICO projects. This type of activity is in decline precisely because of fraud among ICO teams. If the organizational regulation of this type of activity by the states is established, then this will largely solve the problems of ICO and will contribute to their revival. And this is one of the main ways to improve cryptocurrency. Many people belief that the only solution crypto space needed is regulations, what will this solve? The biggest crypto problem is scammers, how can regulations cure this disease? Because regulations can only work on centralized exchanges and projects, what do you think? Drop your thoughts and let's hear you out?
like you opined, regulation is a necessity that must happen. It will not totally eradicated frauds but it can control the excesses. Exchanges are slogging towards it because you can't withdraw a higher amount of btw without a kyc. The fact that the industry is not fully regulated is as a result of the innate decentralized nature of bitcoin. But if that can't be regulated, perhaps projects and exchanges can. Do you know why TON has stopped development?
And I also agree with the second post, regulations may not completely wipe of scammers in the space but will go along way to reduce it, it is very hard to trust any project now because of fear of being scammed, the market is too open and free hence the reason for so many fake project around looking for their prey, I think regulation is very necessary in other to sanitize the market.
I belief regulations can control scams in crypto space to an extent, might be impossible to eradicate it completely but it will be an effective move, hoping for regulations is a good thing, scams is making crypto looks bad generally, not helping one bit
Many people belief that the only solution crypto space needed is regulations, what will this solve?
If regulation is what we need, that breaks the purpose of crypto as being used to be free from the government and centralization. Although, there is truth in it so that we can get more support from the government and make the crypto space stronger, there should be a regulation which provides and guarantees the support of the entire government.The biggest crypto problem is scammers, how can regulations cure this disease? Because regulations can only work on centralized exchanges and projects, what do you think? Drop your thoughts and let's hear you out?
This problem also exists in real life not just to crypto. If the victims can find some real and genuine evidence of the scammers, they can report it to the authorities and file a case against them. 
There are plenty of chances for cryptos to be regulated because we are not having sufficient infrastructure to be operating as a purely decentralized system. When we are depending on centralized things, governments will definitely interfere in the name of regulation. At the same time, those regulation will not be happening for the reason of eliminating scams from this space but government will do for their own reasons like regulating money laundering and other related things.
When crypto space is having on its own infrastructure for serving people end to end then we can ignore any government regulation. It means we can simply lead a life based on crypto without need to get verified for the reason of availing any regulated services. But it will take time but that is most expected stage this crypto space to move into.
When crypto space is having on its own infrastructure for serving people end to end then we can ignore any government regulation. It means we can simply lead a life based on crypto without need to get verified for the reason of availing any regulated services. But it will take time but that is most expected stage this crypto space to move into.
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Another thing to point out, the regulation only acts as a sign for people to know what they are dealing with and act like a big filter. The scammer will always be there no matter what will you do because it comes from human greed. Regulation might be needed but not for the crypto but for the platform that uses or planning to use crypto itself. It is needed to prevent a shady action like stealing customers ' data and many more.So what we are really needed right now is not a complete regulation on cryptocurrency but a simple way and an easy way to operate cryptocurrency. Nobody is going to use cryptocurrency daily if it is too complex and hard to do.
The biggest crypto problem is scammers, how can regulations cure this disease? Because regulations can only work on centralized exchanges and projects, what do you think? Drop your thoughts and let's hear you out?
Fiats got all the regulations which made scammers to be eradicated?Paypal got dispute facilities under heavy regulation which made scammers not to be using paypal?
I mean regulation will not guarantee to have a scam free environment. But only when common people are careful enough, scammers may not find enough opportunity which will enforce them to switch their business from scamming. Other than this, I am not seeing any kind of regulation will stop scammers completely. Because, scammers will find a new method to bypass the regulation to scam us.
Having a review/reputation tracking system like this forum may help us to avoid scammers even in decentralized system. There are lots of usual practices and step by step procedures are available for staying safer in decentralized environment. So, regulation alone is not a solution for having a scam free crypto life.
The most likely scenario is that Bitcoin won’t be the sole global currency in the new world order. Instead, other currencies will continue to exist, including inflationary fiat currencies that encourage consumers to spend and lenders to lend. Bitcoin has proven itself as an effective store of value and could operate alongside markets like gold or as a go-between for global transactions or currency exchanges. so lets see...
Many people belief that the only solution crypto space needed is regulations, what will this solve? The biggest crypto problem is scammers, how can regulations cure this disease? Because regulations can only work on centralized exchanges and projects, what do you think? Drop your thoughts and let's hear you out?
It will not solve all of the problems but it will be giving a limitation for the crypto users. As long as everyone DYOR before try to join or use any service and the scammers can be avoided easily. Regulation just try to limit the room for scammers but it will not actually prevent them.
The only solution is a global crypto authority something like United Nations or some of its sub agencies and the scope of this agency should be to make rules and policies about crypto at a global scale and any new project looking to raise funds should also apply to them where they after analysing each and every thing and interviewing the team register the project and then allow them to raise funds and keep monitoring the proje t at every step similarly there should also be a section related to bounty campaigns and disputes management.
I still strongly believe regulations in this industry are the way forward, seeing how the crypto industry has been abused, there is every need to implement regulations to forestall some of the great atrocities that have been committed in this space. Unfortunately, everyone is too busy trying to take advantage of the lack of regulations and this means, it might take a miracle to truly get the regulations needed to this industry.
Many countries today are accepting Bitcoin already, just recently Canada approved BTC also. The more countries and banks accepting Bitcoin will open up for more altcoins like ETH to be accepted as well. There are projects that are already accepted by companies like Samsung phones developing wallets for them. It won't be long we may never see the price dropping anymore especially if all these are already on mainstream media.
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