Topic: Government regulation on cryptocurrency, GOOD or BAD? - page 10. (Read 3350 times)
it's good and thats one of the problem we are facing on crypto markets right now which is making new investors not coming into it because of the so many manipulation caused by people and many scam projects. with regulations all will stop.
There is no dough between bitcoin and government because government may be can strengthen the process or the field of bitcoin. I can also help to persuade the investors to attempt to enter to the world of bitcoin to invest their money properly. And also to change their realization about the digital money or a bitcoin because most of the people think this field or program is very risky and dangerous. Legalizing the bitcoin can make our country better when it comes economy or money transaction.
I think it is good if the governments want to make a regulation to protect people from fraud or scams. but if the governments make the regulation for controlling cryptocurrency, then I don't think they can because cryptocurrency is not controlling by anyone. maybe they can control their own coin if they made one coin of the government/country so they can make regulations for their own coin. I think good or bad it depends on their purpose on the cryptocurrency because once again, they cannot controlling cryptocurrency.
In fact, the government cannot regulate the cryptocurrency, but the launch of the ICO can be regulated. I think this is a good thing. ICO has caused many people to go bankrupt. Especially in 2018.
Even if the regulations are ineffective you can be sure that governments are going to try to regulate this market, this is not going to stop many people in the forum but it's going to stop a lot of people that would like to invest in this market but that are going to be scared by the possible consequences of investing in a market that is heavily regulated.
First, They will regulate us then They will TAX us and They will try to control the cryptoverse. Who knows what will happen if the government regulation on cryptocurrency will come through. Government worldwide already saw the potential of blockchain technology or cryptocurrency as a whole. And they know that its here to stay. Maybe Its good for us because when it becomes regulated the adoption of the people worldwide for Crypto will be done sooner that expected. The bad side is We dont know if the government or banks have an idea for them to control it.
In fact, the government cannot regulate the cryptocurrency, but the launch of the ICO can be regulated. I think this is a good thing. ICO has caused many people to go bankrupt. Especially in 2018.
Even if the regulations are ineffective you can be sure that governments are going to try to regulate this market, this is not going to stop many people in the forum but it's going to stop a lot of people that would like to invest in this market but that are going to be scared by the possible consequences of investing in a market that is heavily regulated. 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?
I hope i don't offend to others to my answer here that crypto currency is needs to regulate by the government for generating taxes for the economic growth of government for funding of a good infrustracture and good development.
The rules or regulations for many people will be like two sides of the sword which will be positive and negative. So, if debating the rules, it will not be finished, but the rules must exist and be obeyed. The problem is that if the rules or regulations are made at the expense of some corruption organizations or other evil organizations that try to take advantage of the community.
I think if government support bitcoin with good side it's good news for cryptocurrency. But if government want to manage bitcoin what do you think? Is that good for cryptocurrency? I don't think so, I just predict the worst think.
This is what i am thinking also that having a cryptocurrency being regulated by the government is a good sign that the country has accepted and it will be good for the people out there who love to get involve in cryptocurrency investment. This is a really a good realization to some of the members who are actually speculating negativeness on the government on their participation. Therefore government pariticipation is not BAD at all instead it brings goodness to people who do love cryptocurrency.
Government intervention in cryptocurrency in countries that accept it as a currency is unavoidable because it is certain that the government wants to manage its trading activities in this market. Government management will bring more security to investors because of more strict management.
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?
I think it would depend on the kind of regulation the government will give to crypto. If the regulation are too much and much more beneficial for them than the investors and traders, then it is not a good thing but if it is just exact and focuses more on the control on the use of crypto, then we should just let it be and support the regulations.
In the bigger picture of things I think there is a lot of good with regulation. As long as things go
accordingly well and fair. Regulation at it's early stage tends to be quite questionable and reluctant
at some point. But in the long run as things develop and improve, I think it's quite a formidable
stage for cryptocurrency especially with the direction it's heading on to.
accordingly well and fair. Regulation at it's early stage tends to be quite questionable and reluctant
at some point. But in the long run as things develop and improve, I think it's quite a formidable
stage for cryptocurrency especially with the direction it's heading on to.
when the government began to regulate crypto, that meant the government began to pay attention to it. well, as long as it doesn't make crypto users difficult, I think that's a good thing.
And you should know that what the government cares about crypto is just the benefits and taxes they can earn from it, and normal regulations are only the first step to achieve that, over time, they will become more difficult and create unreasonable rules to control the crypto market. And summarized those things, I certainly would not feel this is a good thing for all users and investors, the government really should not penetrate the crypto, they just want everything under their control, they are the obstacle and make us tired, even uncomfortable when joining the crypto
Good at some ways, but it is a disaster to some people specially those who don't want to be regulated. There are many reason why we are here, some just want to know about cryptocurrency while other want to earn. But some of us are here because of decentralization and they don't want regulation. Anyway, I agree that cryptocurrency will be regulated because it is for legality of this industry.
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?
Government wants only what is good for the people. That is why they make regulations. We know the fact that if the people are affected the government will also suffer. I am favorable with this.
Government regulating on crypto is currency is good if governments work in association with cryptocurrency exchangers then we can see more investors come to cryptocurrency in positive way
when the government began to regulate crypto, that meant the government began to pay attention to it. well, as long as it doesn't make crypto users difficult, I think that's a good thing.
I believed those countries that have adopted Cryptocurrencies and subjected them to regulations is done in a bid to curb illegalities associated with Cryptos, there many fraudulent activities done fraudulently by using Cryptos such as money laundries, funding of terrorist organizations etc invariably government has to subject every cryptos enthusiasts, exchanges etc to KYC in a bid to monitor and have a control over them.
govt regulations are immutable unless crypto totally want to move away from fiat.
I am sure that most of the countries wants to legalize bitcoin, but they have to study the different aspects of bitcoin that can affect their economy or can create other effects of their country. I think it is a good thing and hope that very soon they will turn bitcoin as clear for their people to start using it.
Govt can't regulate cryptocurrency they can set some rules but control completely bitcoin transactions is not possible the main reason bitcoin is decentralised nt in any govt control
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