It is not something that goverments have done to regulate crypto currencies as different assest or curncy class which it is.
The KYC in exchnages is a regualtory requirment which goes under laws of financial bussines. There is nothing new or unique about this ,this is the past law , we are yet to see new regulations emerging in this area.
Topic: Government regulation on cryptocurrency, GOOD or BAD? (Read 3350 times)
I think, if the government applies regulations to the crypto currency it might be good because that means the government will support and accept crypto currencies so that we can more easily use them.
I am agree with you. If government regulate cryptocurrency, its mean we can use our crypto in any merchant. I think its good if government issuing regulation on cryptocurrency because investor will more confident and government can protect investor money from scam project
I think, if the government applies regulations to the crypto currency it might be good because that means the government will support and accept crypto currencies so that we can more easily use them.
I am agree with you. If government regulate cryptocurrency, its mean we can use our crypto in any merchant. I think its good if government issuing regulation on cryptocurrency because investor will more confident and government can protect investor money from scam project
I came to a realization that government had stepped in already in some countries who are accepted and acknowledge cryptocurrency existence. In fact they made a regulations that has made some negative and positve reactions over the implementation of cryptocurrency regulations like doing KYC (Knoy Your Client) on local exchanges, Registering ICO projects to the government agency concerns and etc which purpose is to prevent illegal or abuse in the use of cryptocurrency from money laundering, funding terrorist groups and etc. Well can you say about this regulations, GOOD or BAD?
Here the regulation that you say like KYC and others to prevent misuse from criminal or illegal actions are clearly good, because I think many people are afraid of plunging into the world of crypto ie one of them is that they think that cryptocurrency is used as a criminal act, so this is a solution for them, but on the other hand as users of freedom to transact rather disturbed because they have to bother preparing data themselves. I think regulations are made to bring public welfare or for the common good. The government regulation on cryptocurrencies has advantages and disadvantages. One of its advantages is that It is beneficial to the government for identification and it can locate loss transactions. The disadvantages of having a regulation are the taxes that are added are big and might be more prone to corruption.
My opinion is that government regulations are good, because everything that has no rules has bad consequences or is used by criminals. For example a city has no government regulations, it is certain that the crime rate is very high. Likewise cryptocurrency, as long as there are no government regulations and anonymous bitcoin owners, it is very easy to use by criminals. I think regulation mean that cryptocurrency is legal in that country. So it is GOOD.
With the regulations it might be good or bad to the market. It can be good in a way that it will be legalized in which more and more people would love to invest in. But it might be bad especially when the rules and regulations might destroy what the bitcoin's characteristics is.
India's Ministry of Finance calls it a scheme. This means that the fake investment mode that promises multiple profits.
Ponzi schemes are often present in cases of impersonal fraud. The profits obtained by investors are actually the money of other people who have just invested, not the benefits of business or business management as promised. it's also good that the government affirms that.
Ponzi schemes are often present in cases of impersonal fraud. The profits obtained by investors are actually the money of other people who have just invested, not the benefits of business or business management as promised. it's also good that the government affirms that.
I would be glad if in each country where a large number of ICO were held, a unit would be created that would issue an approval to conduct an ICO.
It's simple government just want protect us from money laundering, scammers or any form of illegal action using cryptocurrency. Regulating crypto is good especially in my country because nowadays many scammers are using the name of cryptocurrency just to invite people to invest on their illegal business.
i am sure when you're about to convert your bitcoin into fiat you will pay tax if its the regulation of government then i am not agree because bitcoin it self never apply tax or any kind of fee. Maybe it will be more good than bad because crypto today needs stability and guarantees of future, people are really worried for today and lack of law here works for it as well.
The aim of the regulation for cryptocurrencues is to protect the users from fraud or scam, money laundering,drug traficking and other illegal activities that uses bitcoin and other cryptocurrencies. A friendly regulation, not the strict ones are good for the cryptocurrencies because it only look for the welfare of the holders or investors. Restrictive regulations might drive investors away because of limitations in trade.
It's simple government just want protect us from money laundering, scammers or any form of illegal action using cryptocurrency. Regulating crypto is good especially in my country because nowadays many scammers are using the name of cryptocurrency just to invite people to invest on their illegal business.
I don't understand from which sense you're saying about the regulation on cryptocurrency but it would be good if government call cryptocurrencies as a legal currency also its all are depended how government manage on your country. 
In my opinion, it is not very good that the government in this way begins to interfere in cryptocurrency!
the only way that adaptation of bitcoin can be accepted in public business is the official regulation of the government, you must understand that or we will continue to be in uncertainty. but indeed this will change the initial intention of decentralization, I hope they are not fully involved in various user policies, but they also benefit from every transaction that occurs. there must be symbiosis that is useful to produce a real balance.
In my opinion, it is not very good that the government in this way begins to interfere in cryptocurrency!
It's simple government just want protect us from money laundering, scammers or any form of illegal action using cryptocurrency. Regulating crypto is good especially in my country because nowadays many scammers are using the name of cryptocurrency just to invite people to invest on their illegal business.
Its just depends since bitcoin has many advantages and disadvantage it can be good or bad both.Since sending money anonymous and not paying tax is illegal i don't think government can gives any permission to use bitcoin in public. 
New regulations from the government have done an excellent job of minimizing scam ICO projects and scam behaviors. But it limited the growth of Crypto and limited access from investors looking to learn about Crypto. New regulations from the government are putting a lot of pressure on it.
I think that wise regulation of crypto will be really more good than bad because currently crypto seems to me to be over-independent and that harms the market.
100% right you are, after regulation more people will get attract towards crypto currency and they will know that it is something better than other fake investments, one thing when get government support so it become 50% more stronger than its normal retinue, so in the same case when our government will allow us to use bitcoin it will get stronger and price will get effect positively. 
I think, if the government applies regulations to the crypto currency it might be good because that means the government will support and accept crypto currencies so that we can more easily use them.
I think regulations are made to bring public welfare or for the common good. The government regulation on cryptocurrencies has advantages and disadvantages. One of its advantages is that It is beneficial to the government for identification and it can locate loss transactions. The disadvantages of having a regulation are the taxes that are added are big and might be more prone to corruption.
I just feel our benefits are too small while the benefits of government are too great, they do not even need to invest too much, they just sit there and wait for us to make money then they will collect taxes, there is no fairness here. And you can see the value of the crypto and every time we participate in trading, the money to trade is not small, each time we convert into cash is not small, if tax problems arise, the amount of money that we will pay to the government is not small, we want to escape, it is also impossible
So far , in my country bitcoin regulation of my government are support to alternative payment method from basic monthly bills are so good , because it also save time and effort to go at private sector at brand payment method ,so that I think it's a good sign to my government implemented other source , by improving other alternative solution using the system of bitcoin,
I think regulations are made to bring public welfare or for the common good. The government regulation on cryptocurrencies has advantages and disadvantages. One of its advantages is that It is beneficial to the government for identification and it can locate loss transactions. The disadvantages of having a regulation are the taxes that are added are big and might be more prone to corruption.
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