Topic: Government regulation on cryptocurrency, GOOD or BAD? - page 12. (Read 3350 times)
I welcome with joy if the Government would regulation about cryptocurrencty, even I have no problem if the Government will also take a tax of cryptocurrency as a long as tax it is not too much, and it can be used properly. And this will give a positive impact on the world of cryptocurrency.
Let the government not be deeply involved, else they will tend to control it.
In my opinion, regulating of cryptocurrency in a certain country is good. Due to the rampant number of scammers nowadays, we can't deny that we need a law that protects our assets. Aside from that, if there is a regulation in cryptocurrency, scam projects will be prevented to exist. But in some cases, regulation affects our wants which is decentralization.
Government regulation for cryptocurrency will not be too good. It will bring the same restrictions experienced in the use of the fiat and banks. People won't be comfortable with crypto anymore.
Basically, cryptocurrency regulation is good for crypto investors in the sense that they may be safe with the ICOs they're into but for some, it can be bad because there will be limitation already of crypto use. Tax on your earnings from cryptos, for example, will be mandatory and thus taking a slice of your total earnings no matter how small it is.
One big problem with people is that they want contradictory things, they want to have the possibility to make a lot of money through icos but at the same time they do not want to accept the huge risk that an investment in an ico carries, so they want regulations to protect them but if that is the case then the profits will no longer be there, this is why if the market of icos is regulated is completely irrelevant to me, I took my choice and my choice is bitcoin.
Off course regulation is good for cryptocurrency market. If crypto market regulated by government, more investor will come and old investor more confident with their investment because its regulated. Every market need regulation from government because its protect us from investment fraud
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?
Well it’s quite a good idea, but don’t forget that the government themselves are filled with criminals too. Okay, good I agree that cryptocurrencies might be used in funding terrorists , but come to think of it…who the heck sells weapons to these people? Is it not the same government ?or have terrorists gotten their own industry where they produce weapons and bombs and the rest of them? Humph… well, what I can say is that everything has an advantage and disadvantage. Currently in my country the government has not issued specific regulations for electronic money, some MPs have proposed the legitimization of Bitcoin but the head of state can not accept. However, the country's economic administrators are gradually establishing legal institutions for Bitcoin to legalize Bitcoin in the near future.
I think it is better to do it when the usage is not that widespread yet so that they can properly implement the necessary measures. Even if cryptocurrency was created to let go of the control of the people who are in power, we cannot still do that because we are still depending on them for the mass adoption since many people still believe that a currency would only be valuable if it is regulated. This is the reason why many are waiting for ETF because it would make some institutions be able to invest on it.
Basically, cryptocurrency regulation is good for crypto investors in the sense that they may be safe with the ICOs they're into but for some, it can be bad because there will be limitation already of crypto use. Tax on your earnings from cryptos, for example, will be mandatory and thus taking a slice of your total earnings no matter how small it is.
Just think of the tax as a contribution for your country so that they can implement the projects properly because they have the budget. As for the ICOs, regulation is needed because many people would just easily implement an ICO just for the sake of raising money and run away with it. They are lax with it because they know that they can get away with it but if there is regulation then they cannot just easily implement it.
Government regulation is both good and bad. The bad news is that there are restrictions, and not everyone can enter the crypto-currency market. The good thing is that government regulation is the protection of citizens from the possible loss of all capital.
Yes. The government's refusal to circulate Bitcoin is also a way to protect people from fraud, but only to a certain extent. How real? There are also scams involving electronic money, and the government can not do anything to protect people, even if the money they lose is not a problem. I think the best way to protect people is to make the law as a legitimate tool for better management of Bitcoin-related activities.
Currently in my country the government has not issued specific regulations for electronic money, some MPs have proposed the legitimization of Bitcoin but the head of state can not accept. However, the country's economic administrators are gradually establishing legal institutions for Bitcoin to legalize Bitcoin in the near future.
Sometimes government regulations have plus and minus values. The good and bad of government regulations must have consequences. Sometimes government regulations can be good because they prevent acts of crime by irresponsible people. But also sometimes it looks bad, because there are still many good people who use bitcoin. That's just my opinion.
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?
In my opinion, this regulation that the government implemented have good and bad effects. Good effects because it can prevent crypto currency uses in illegal transaction. While it is bad because of some government personalities that will abuse cryptocurrency users and corruption will do.
Government regulations on cryptocurrency can contribute to this market more vibrant because people will find ways to get rid of those regulations, then the price of coins will increase faster.
Regulation is not good, but I think this way bitcoin will come in eyes of government and more people will trust it, as I first heard about it I was thinking of it a scamming but gradually my trust for bitcoin developed, now it is modern age and government of some countries accepted bitcoin as regular currency and they are using it on daily basis so to me it is good idea to make bitcoin regular currency. 
Basically, cryptocurrency regulation is good for crypto investors in the sense that they may be safe with the ICOs they're into but for some, it can be bad because there will be limitation already of crypto use. Tax on your earnings from cryptos, for example, will be mandatory and thus taking a slice of your total earnings no matter how small it is.
that's good, because with the existence of crypto regulation investors will flock to invest in many ico. and that's good for the crypto project in the future. even though the tax must be held on each crypto transaction
Government rules and regulations are good on one side and bad on the other hand. Because the rules of government rules you must maintain everything according to your rules. The bad aspect is that you will not have the freedom. Regardless of will, you have to maintain the monotony rules.
A big problem for governments is that they can only pressure centralized institutions like exchanges but if you just exchange your bitcoin directly for products and services then they are not going to have a way to control your behavior since they do not have any control over the network, this is what it is driving them crazy since they are so used to everyone bending over so they can follow their rules and they are finding that is not working with bitcoin.
Government regulation is both good and bad. The bad news is that there are restrictions, and not everyone can enter the crypto-currency market. The good thing is that government regulation is the protection of citizens from the possible loss of all capital.
It`s not easy to answer on this question. In one hand it`s good, when governments get into regulation of crypto-currencies, services will need to
be legit, they will need to answer to governments for anything wrong they do, that`s sounds very good for us customers. In other hand it`s not so
good, government will create taxes, harder control.
I would like to stay anonymous for a while. I don`t need government to tell me what is good and bad service, here we discuss about it. I`m learning
to do complete research before investing or having fun with some service in crypto-market.
be legit, they will need to answer to governments for anything wrong they do, that`s sounds very good for us customers. In other hand it`s not so
good, government will create taxes, harder control.
I would like to stay anonymous for a while. I don`t need government to tell me what is good and bad service, here we discuss about it. I`m learning
to do complete research before investing or having fun with some service in crypto-market.
The regulations will be good because they will be room for investors to have believed on bitcoin and invest on it most especially some big company too will adapt the crypto into their system.
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?
Good or bad, Positive or negative. It will never effect on bitcoins. We're aware its volatile and there's no one behind bitcoin except us. We should not scared from government policies they're useless .
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