I think in the future all countries will agree to implement regulations and implement crypto as digital payments, although not all crypto will be approved. Actually, regulation is important because it can help us to identify that the wallet is ours and can minimize irresponsible exchange fraud. although government regulations aim to limit withdrawals and audit each transaction.
Of course there will be limits when regulations are made. you will get government monitoring of the transactions that you d,. there are taxes, and other restrictions. for some people it's not a problem as long as regulation exists and provides a positive development for cryptocurrency. you're right not all cryptocurrency will be given legality and regulation. maybe only a few coins are trusted like bitcoin 
Topic: Cryptocurrency regulation? - page 3. (Read 21704 times)
I am a firm believer in regulation. Industries which go unregulated be abused and the small investor always loses out.
Act's like the Virtual Financial Assets Act in Malta will help bring cryptocurrency to every day life.
Act's like the Virtual Financial Assets Act in Malta will help bring cryptocurrency to every day life.
No doubt about the future of fiat money: it's gonna be replaced by cryptocurrencies.
But does virtual money need a REGULATOR?
Of course, a regulation system that is intended to regulate the circulation of crypto currency is very much needed, indeed the regulatory system that is implemented may be different from what applies to paper currencies, this may be more global and more transparent because it adopts a blockcain system that is all decentralized so it is not there is a crime that can be done in this system, I think this will happen .. But does virtual money need a REGULATOR?
I think that, of course, it is better to regulate otherwise we will not go to a new level, so it will be good for us if all countries take up regulation.
This is a very controversial topic. Some people are of the opinion that regulation of the cryptocurrency is the main enemy of digital money. Mainly decentralization distinguishes coins based on the blockchain from any other asset, which allows them to stay independent of any particular people or organizations. Perhaps especially this feature attracts most people who do not recognize the current financial system.
If states do not regulate cryptocurrency on their territory, then it will not be able to walk normally in the world through the lack of adequate infrastructure for its circulation. Cryptocurrency will remain semi-legal.The usual regulation of cryptocurrency by the state consists in determining its official status, conditions of its circulation and use, as well as in establishing taxation. Such regulation cannot affect, much less change the decentralized nature of cryptocurrency. Therefore, the state regulation of cryptocurrency should not be afraid. Moreover, without such regulation cryptocurrency will not be able to further develop.
as long the regulation is to protect and self govern, country government can impose tax as long it is not too absurd.
Some countries are planning to impose regulations on cryptocurrencies in the future before legalizing it. But since the cryptocurrencies are decentralized, they would the regulation on crypto exchanges instead. Usually it's the government who impose regulations but in case of Japan, the government approves the self regulation for cryptocurrency exchanges that are operating in their area.
No doubt about the future of fiat money: it's gonna be replaced by cryptocurrencies.
But does virtual money need a REGULATOR?
But does virtual money need a REGULATOR?
Sorry to disagree but fiat currency will not be replace by crypto currencies because there are lot of factors that need to be considered like not all people have the knowledge on how to use the computers specially the poor therefore not all people will know how to use Bitcoin and beside we need the internet to be accessible in any place. Crypto for investment or for direct spending it should be regulated so that it cannot be used in illegal activities.
No doubt about the future of fiat money: it's gonna be replaced by cryptocurrencies.
But does virtual money need a REGULATOR?
But does virtual money need a REGULATOR?
I agree with the author's statement
the principle of regulation is comprehensive to make things more certain. But it will collide with fiat sovereignty where there are no two currencies in the same position in a country. unless crypto is set as a common currency. There will be many provisions that cannot be regulated, but at least make crypto currency status more acceptable in public business, I still hope there are binding regulations because the crypto business system is still prone to something that endangers its users.
I think the fiat currency is more trusted as a legitimate payment instrument because fiat currency have the support of the government. And without regulation, the crypto currency will be difficult to become a legal currency.
The concept of cryptocurrencies is based on trust. If it is fully implemented in all aspects, there is trust within the community and technical solutions applied to provide the security of network, then there will be no need for centralised control.
Got your point. But what about security? I constantly hear about hackers who steel tons of investor's money...
And goverment won't give up its influence easily. USA, Canada and some european countries tend to establish their rules on cryptocurrencies.
I think in the future all countries will agree to implement regulations and implement crypto as digital payments, although not all crypto will be approved. Actually, regulation is important because it can help us to identify that the wallet is ours and can minimize irresponsible exchange fraud. although government regulations aim to limit withdrawals and audit each transaction.
Singapore Regulator MAS approaching the cryptocurrency world by offering companies help to secure banking services!
https://coincodex.com/article/2471/singapore-regulator-mas-is-willing-to-help-cryptocurrency-companies-secure-banking-services/
https://coincodex.com/article/2471/singapore-regulator-mas-is-willing-to-help-cryptocurrency-companies-secure-banking-services/
Regulators never do anything to prevent a crisis. After every crash regulators will do something after the fact to address the issue. Most of the time this leads to the next crisis like a never ending cycle.
Yes,virtual money such as Bitcoin needs a regulator because it is decentralized i.e. government has no control over it.As it is volatile in nature so lot of fluctuation is seen in it's price. A stability is required in it's price so that people can trust it more and invest in it more. This kind of stability can only be obtained if some kind of regulations are imposed on it. Moreover some people are using Bitcoin as mode of payment for illegal things such as drugs and ammunitions deals. So inorder to stop this illegal use of Bitcoin some regulations have to be imposed.
The value of bitcoin can be stable only after when it will be possible not to buy and make money. Trade suggests that the higher the supply the lower the price and Vice versa. But if it is possible to earn and spend bitcoins without exchanging for Fiat, the price will be more stable. Bitcoins need not to buy. They need to change the product and then they will develop the economy. 
Yes,virtual money such as Bitcoin needs a regulator because it is decentralized i.e. government has no control over it.As it is volatile in nature so lot of fluctuation is seen in it's price. A stability is required in it's price so that people can trust it more and invest in it more. This kind of stability can only be obtained if some kind of regulations are imposed on it. Moreover some people are using Bitcoin as mode of payment for illegal things such as drugs and ammunitions deals. So inorder to stop this illegal use of Bitcoin some regulations have to be imposed.
Once it is being regulated doesn't it mean that part of it will be centralized? Once a country established a regulating body for crypto currency then it will be
inevitable for them to monitor and control the use of the coin which means that it will somehow be centralized.
Drug deals and weaponry deals are being made physically you still need to transfer those goods what they are doing are just changing the mode of their payment, so if government wants to crack down this business they don't need to regulate bitcoin since this business are already there decades before the bitcoin was developed.
Yes,virtual money such as Bitcoin needs a regulator because it is decentralized i.e. government has no control over it.As it is volatile in nature so lot of fluctuation is seen in it's price. A stability is required in it's price so that people can trust it more and invest in it more. This kind of stability can only be obtained if some kind of regulations are imposed on it. Moreover some people are using Bitcoin as mode of payment for illegal things such as drugs and ammunitions deals. So inorder to stop this illegal use of Bitcoin some regulations have to be imposed.
🙄 It is noteworthy that this summer the Vietnamese authorities considered the issue of legalizing bitcoin in the country. As previously reported, the Central Bank of Vietnam, the Ministry of Finance and the Ministry of Public Security were instructed to develop a legal and regulatory framework for crypto-currencies before August 2018.
HORROR! In Vietnam, the circulation of crypto-currency
The State Bank of Viet Nam amended the country's monetary policy, according to which circulation of bitcoin and other crypto-currencies will become illegal from January 1 of the next year. Violators face a fine equivalent to $ 9 thousand. This is written by Blockexplorer.
🙄 It is noteworthy that this summer the Vietnamese authorities considered the issue of legalizing bitcoin in the country. As previously reported, the Central Bank of Vietnam, the Ministry of Finance and the Ministry of Public Security were instructed to develop a legal and regulatory framework for crypto-currencies before August 2018.
HORROR! In Vietnam, the circulation of crypto-currency
The State Bank of Viet Nam amended the country's monetary policy, according to which circulation of bitcoin and other crypto-currencies will become illegal from January 1 of the next year. Violators face a fine equivalent to $ 9 thousand. This is written by Blockexplorer.
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