Topic: Government regulation on cryptocurrency, GOOD or BAD? - page 14. (Read 3350 times)
maybe government regulation on cryptocurrency is good because it can help bitcoin user to prevent from illegal thing like money laundering, using cryptocurrency for illegal activity. but I wonder what kind of regulation that will be applied because the government needs something to detect the blockchain transaction and they need to know who is behind the address wallet. but I agree with the regulation from the government because this will help cryptocurrency to grows more in the future.
It will be a good idea for government to regulate crypto in a sense that it will help to reduce the panic that is caused in our every day markets due to the fact that crypto could get to a near zero deal because governments do not approve it. When government regulates crypto, it will help to stop all these fud people spread around.
There are lots of countries in this whole world who are very serious about this market place and they are very excited about the change system of their countries as well we also see lots of countries who are totally against this currency and they just band this currency form there country. The main reason I think behind this is they fear the change of this currency if this change will happen the goverment will lose the controling power of the currency . This fear will not give then the opurtunity to be digitalize them self and after some time they will really suffer for not accepting this system. I think who accept this crypto as a new from of currency they did a great thing and we all should admire those countries and those countries are not accept this they will surely know what they did wrong with them self.
Although the idea of government having control over cryptocurrency can be a bad thing, I think regulating it to prevent illegal abuse such money laundering and funding terrorist groups is a great idea. This could also mean that cryptocurrency is finally legalized in that particular country, which is in a way the goal of the crypto world.
Well, the answer is not so straightforward. It depends on how you choose to see it. From one perspective, too much regulation will mean that the sole purpose of Bitcoin might be lost. If government is in total control, then the dream of decentralization is as well as lost. It won't take time before it's just like Fiat. But there's also the positive perspective. Support from government could translate to reputation boost for mainstream observers. And with trust going up, more investors are bound to flock in.
Government regulation on the crypto-currency market has two sides: positive and negative. Positive is market regulation and risk management, protection from fraud. The interference of the state is negative. As a result, the Crypto currency was created as an unregulated currency for the future.
The government knows better than any individual. I know how people from the government sees each opportunity as good or bad. Not one mind works in the government to see everything is working in the real world of economics, so I believe it is always reasonable to do that. But closing the doors completely to possibilities on cryptocurrency development might be a bad thing because we know how useful it is.
Everything in this world has both advantages and disadvantages or the good and bad side. Regulation may help to combat frauds and scams experienced in ICOs.
I think a central regulation could be good on the one hand, because it enhances trust for cryptocurrencies, and it could be more secure. On the other hand though, the whole concept massively relies on decentralization, for a reason. So too extent regulation is rather bad in my view.
The fact that the government wants to regulate and control the cryptocurrency is nothing wrong, because everything will be legal and we will not have such problems with the fall of the market, but there will not be such a growth of the market as was the case a year ago. So there are many pros and cons here.
I think regulation mean that cryptocurrency is legal in that country. So it is GOOD.
Regulations ca mean different things. Those can be easy and low taxes from asset income or something very opposite wich will make people try to hide their money as much as possible and will make things harder for everyone. 
I think that this is bad. Many because of these rules do not want to deal with crypto currency. In the future, when all people use crypto currency, this will be a necessary step. All this is understood.I'm not afraid to go through these procedures, I'm just afraid that my data can be someone to steal and use for bad purposes.
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 is better to be regulated by the government rather than banning cryptocurrency. A move to regulate cryptocurrency by the government is what I think a solution from scams and other illegal related activities.
Government regulation is good and at the same time could be bad, meaning it would be already legal and also rules is really needed in cryptocurrency which could help remove scams, however, it could be bad because crypto now is controlled by the government and may decrease potential profits.
Government regulation on cryptocurrency will be a good development.
With regulation, the prevalence of scam ico project would be mitigated....which will build trust and confudence while pushing for mass adoption of cryptocurrency.
With regulation, the prevalence of scam ico project would be mitigated....which will build trust and confudence while pushing for mass adoption of cryptocurrency.
All supervision is impossible, because the cryptocurrency has certain anonymity, and it is also great because of anonymity. But ICO is the best way for all humans to achieve regulation.
Accepting and legalizing cryptocurrency would be a good thing for all. Cryptocurrency is like any other form of financial investment. It has a lot of risks, but the profit it brings is usually huge, the profit can be several times the initial investment so accepting cryptocurrency is a must. for some country
For countries that prohibit cryptocurrency, the cryptocurrency rules are very limited. Market constraints make the economy less developed. For those countries that support the development of BTC. Rules are positive.
I think it's all right.It should be.Cryptocurrency should be used for good deeds and not for money laundering and terrorist financing.
Terrorists can use the same fiat currency issued by every government and they are using that so why we are discussing it only for Bitcoin or other cryptocurrencies. Fiat currency or any other currency can be used by terrorists or bad criminals. Governments can make a system to resolve this issue by reducing these criminal activities and their roots because we can not blame the valuable coin for it which is doing great for us.
It will have both positive and negative effects but overall it will be bad. these things are against the fundamental aspects of crypto.
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