Cryptocurrency regulation? - page 2.

jhongzjhong

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Quote from: Seeker#9 on January 10, 2019, 10:24:44 PM

I doubt if cryptocurrency will replace fiat but these two will instead coexist in the years to come. Most of the fiat used today by every country are their national currency and it is considered one of the important symbol of evey nation. Regulation might only imposed on cryptocurrency exchanges that are centralized and I think it is not possible to regulate cryptocurrency because they are decentralized and can't be controlled.

Probably you might reverse that words above, but I got your thought.
Cryptocurrency won't ever be regulated at all, you are right, the government can regulate exchange to control those people who do in trading and probably that is common in Local exchange that found in our country. Because when we convert our Bitcoin to fiat and withdraw we need verification on that exchange.

Seeker#9

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I doubt if cryptocurrency will replace fiat but these two will instead coexist in the years to come. Most of the fiat used today by every country are their national currency and it is considered one of the important symbol of evey nation. Regulation might only imposed on cryptocurrency exchanges that are centralized and I think it is not possible to regulate cryptocurrency because they are decentralized and can't be controlled.

goaldigger

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I noticed that this post is old enough but until now, there are no regulations on the cryptocurrency except when the third party comes along. What i am referring to is the government, who illegalize bitcoin or any other third parties like mobile application, banks, etc. If crypto would be widely used as an exchange, we should get some or even a little regulation to protect its holders/users.

aris av

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Bitcoin is decentralized with which we will more easily carry out transactions as desired, but as a currency, bitcoin must have a stable value, and to maintain a more stable value, the regulation is needed.

KrishaBitcoin

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The main purpose of regulation is to protect crypto currency itself and the users from the bad people so that it cannot be use in illegal activities but sometimes i think that the governments is overdoing it as any people can hide their huge money in crypto making the price to become more expensive before then thank you for this regulation as the dirty money can't longer hide in crypto currency making the demand to decreased too and the market keeps on declining.

veleten

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there is some sort of regulation going on already in the majority of the countries
only it is not cryptocurrencies that are regulated, in most cases, but the entities that are dealing with them aka exchanges and exchangers, banks etc.
all of them are functioning in the law fields of the respective countries
the only reason for the regulation the offer is the scaremongering calls for removing black market and terrorism sponsoring and blackmail etc.
the goal is to remove any privacy people have and go full steam to the electronic concentration camp society

KorakPawon

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Quote from: teddyelwyn on September 09, 2017, 08:30:06 PM

Yea, I agree. Any time you see innovation like crypto and ICO's, for the government to embrace it and make it legal, it has to be regulated. They want their cut always.

the problem is, government is on doubt to embrace and adopt bitcoin or other crypto because basically crypto cannot be controlled, unlike fiat where the regulation or even transaction done by people are recorded and under control of them. when crypto accepted, become legal, and be regulated, it means bitcoin is out of its nature that is decentralized. furthermore, tax follows the legalization of bitcoin. So, I think crypto doesn't need to be regulated by government.

primejia

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Quote from: teddyelwyn on September 09, 2017, 08:30:06 PM

Yea, I agree. Any time you see innovation like crypto and ICO's, for the government to embrace it and make it legal, it has to be regulated. They want their cut always.

Crypto currency regulation in each country is actually very reasonable, because every country wants to regulate the circulation of money in their respective countries, especially new currencies, namely digital currencies, namely bitcoin, they really want to regulate by way of regulation, indeed each country is very different in addressing bitcoin but about regulation in bitcoin that shows that bitcoin is recognized in every country.

rindo

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In the United States were the elections for the Chamber of Deputies, from the Senate and the governors of 36 of the 50 states. These elections, which traditionally occur in the middle of the presidential term, are known as midterms, and they have brought excellent news to the crypto and blockchain community.

Two governor-electors in the midterms are openly supportive of the crypto-currency market - the first in the country to be elected to posts of relevance. The first was Jared Polis of the state of Colorado and the second Gavin Newsom of California, the richest state in the country. As future leaders of their states, Polis and Newsom will have the chance to create national examples for dealing with crypto and blockchain. Regulation = Possibility

LeetPoolsOP

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Quote from: KorakPawon on November 07, 2018, 11:41:11 AM

Whether or not bitcoin needs regulator, the important think is the equality of crypto and fiat. When bitcoin has been legal, it should have the same opportunity to be used as the currency. But, the system is should be remain as decentralized, not to change to centralized because centralized system will be costly.

A centralized system is not needed to Bitcoin, otherwise, the Bitcoin will lost itself. And regulators can only help those that make the price less volatile, but not in the coming year.

logisticalmother

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Quote from: KorakPawon on November 07, 2018, 11:41:11 AM

Whether or not bitcoin needs regulator, the important think is the equality of crypto and fiat. When bitcoin has been legal, it should have the same opportunity to be used as the currency. But, the system is should be remain as decentralized, not to change to centralized because centralized system will be costly.

if there is regulation, then the rules will continue to support centralization, that is, two fully integrated parts, there is no history of currencies that can move without strong regulation because it will cause price instability, but if so, then bitcoin may only be authorized as stock and not currency.

KorakPawon

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Whether or not bitcoin needs regulator, the important think is the equality of crypto and fiat. When bitcoin has been legal, it should have the same opportunity to be used as the currency. But, the system is should be remain as decentralized, not to change to centralized because centralized system will be costly.

Ridwan Fauzi

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Quote from: hahay on November 03, 2018, 10:52:20 PM

I'm sure fiat money will not be replaced by cryptocurrency, in the future I am only sure if cryptocurrency or digital money will become a more popular payment tool because in the future the digital era will increase and continue to grow, if that happens then of course there will be regulation and payment of taxes for the use and ownership of crypto. The regulation will not limit us from being able to use crypto, I am sure that with the existing regulations implemented by the government, it will make the future of crypto better.

Indeed, in the future cryptocurrency will be used by everyone, especially if each country accepts and regulates cryptocurrency properly. However, a contradiction will come when everyone chooses to use cryptocurrency in each of their payments, making everyone forget about fiat currency. Surely, each government will make a decision again on the use of cryptocurrency by its people to balance their money fiat. Each government will think if every society uses cryptocurrency as a legitimate payment instrument, the money fiat will be eliminated and will not even be used by its people and this will create a major threat to a country.

1BTC EQUALS 1CAR

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Quote from: OlegGichan_05 on July 20, 2017, 05:57:04 AM

No doubt about the future of fiat money: it's gonna be replaced by cryptocurrencies.
But does virtual money need a REGULATOR?

Yes, we can't stop it from existing. Governments will always interfere on anything that is under their system and considering that it's going to disrupt that monetary system that we are used to. Criminals are definitely going to abuse the cryptocurrencies so I think it's just fair to say that we need regulation.

primejia

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very necessary regulation for bitcoin, all countries should open up equal opportunities for digital currency systems, because the existence of regulations in all countries can make trading in all countries very easy, because bitcoin does not require third party intermediaries that are needed by large traders is a fast, practical payment and is not hampered by all the rules in each country, hopefully in the future regulation of crypto can be realized ..

Zalura

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many countries have implemented crypto currency regulations, we may still wait a long time for regulations in all countries because in each country they have a different view of crypto currencies, but how much longer do we still not know .??

maarx

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Bitcoin has bright future and of course bitcoin will be the future of money. At the same time fiat will not replaced by bitcoin. Because both are essential for countries economic growth. That's why many countries accepted bitcoin and few countries banned. I hope in future all the countries will accept bitcoin. People are ready to invest on crypto and there is no tax for crypto in many countries.

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Quote from: Yaplatu on November 04, 2018, 04:03:05 AM

There are just few of the countries that bann crypto, I think they will soon change their minds when they see the results of what economic impact it can do. Government can collect taxes to such process. The countries that banned BTC and crypto are going to be force to regulate and approve because they may not be able to trade to another country when other countries force them to pay in crypto with their transactions.

Yaplatu

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hahay

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I'm sure fiat money will not be replaced by cryptocurrency, in the future I am only sure if cryptocurrency or digital money will become a more popular payment tool because in the future the digital era will increase and continue to grow, if that happens then of course there will be regulation and payment of taxes for the use and ownership of crypto. The regulation will not limit us from being able to use crypto, I am sure that with the existing regulations implemented by the government, it will make the future of crypto better.

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