Government regulation on cryptocurrency, GOOD or BAD? - page 17.

aeternus

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Quote from: Agapelove on August 03, 2018, 01:56:41 AM

I think government regulations is good for cryptocurrency. It only implies that if there is regulations, there is recognition on the part of the government.

In that sense, crypto enthusiasts feel more secured and confident with their investment.

We do not need recognition from the government, that is what they want you to believe, governments are obsessed with controlling everything and everyone instead of letting people and business do their own thing as long as they are following the law, I will not be surprised that in the future you will need to get a license just to breath, I know that is an extreme example but it show to us the craziness of thinking you need government regulation to do something that you need to do.

inspirone1

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Quote from: jademaxsuy on July 18, 2018, 09:08:06 AM

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?

We could predict that from the very first guy who said that bitcoin is going to be the payment method in the future, that the government would step in and tried to regulate it and ordered for them to stay on the top.

MyCoin8

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It may not be a total good idea for government to regulate cryptocurrency. Bitcoin and cryptocurrencies were created to move away from government's control. No need involving the government again in it.

MintCondition

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Quote from: spartanrules on August 13, 2018, 10:48:12 AM

This is really very hard to regulate cryptomarket, But I think that regulation by the government of this sphere will affect positively. Because if certain sphere is regulated, trust of people in it and business turnover will increase, ICOs will more fair and transparent, scams will decrease.

Different countries face many and different issues in legalities already, joining in in cryptocurrency will challenge the more but may not make it good in implementation. It will be good to do so if the officials also know how it can be used and what its important to their citizens.

spartanrules

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This is really very hard to regulate cryptomarket, But I think that regulation by the government of this sphere will affect positively. Because if certain sphere is regulated, trust of people in it and business turnover will increase, ICOs will more fair and transparent, scams will decrease.

alizalela7

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I think that the government's regulation of the crypto market is good, it will have a positive impact on the market to make the market more stable and they will make the market better thanks to the government's policies.

prokerduit

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Quote from: jademaxsuy on July 18, 2018, 09:08:06 AM

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 it's good to have a bad thing about KYC (Knoy Your Client). said to be good for avoiding abuse or the occurrence of robbery or fraud. but sometimes our data data that we have entered or filled out KYC sometimes they sell it. that's what I'm afraid of selling our KYC data.

Dodongbtc111

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Regulation can bring chaos in old investors side. Many investors choose cryptocurrency because of its decentralized platform but if it will happen that I will go on to be regulated then many investors will surely pull out their crypto assets.

patarfweefwee

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Well it is always good that a country will regulate crypro currency. For one thing, they could weed out people who will use crypto currency for crimes and such. It will also weed out people who isn't fair when investing like price manipulations and such. these people give crypto currency a bad rap and is preventing other investors to jump in.

blackbold

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i think this regulation is good, but government. all of this regulation can reduce the risk of using crypto such as money laundering and terrorism. but the government must also established organizations / institutions responsible for use and crime of crypto

tanzaholzmann

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Quote from: jademaxsuy on July 18, 2018, 09:08:06 AM

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?

my answer is yes. if the cryptocurrency market is official in your country and requires KYC to be able to send money from the market to your local bank and there may be additional fees for sending money to your bank savings

cherrymobile

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Quote from: jademaxsuy on July 18, 2018, 09:08:06 AM

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 because goverments will not say that this is a scam or fraud and good because they will watch and seee what are the scams icos now and transactions but not good because goverments can manipulate it and we need to pay tax because of that .

RBEP-RBC

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Quote from: Ewox on August 13, 2018, 02:16:05 AM

In a way it could be good to regularise cryptocurrencies because then we would know that the country we live in or are visiting accepts such. But it could also turn out to be bad if it will be put into bad use for these governement employees. So it just depends actually on the people controlling the currencies by the end of the day.

That's the whole problem with regulation that blockchains were supposed to help solve, removing the random human element from daily governance. I'm not sure I believe in 100% Code is Law but fewer bureaucrats is always a win.

RBEP-RBC

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Some regulation will be good for the overall growth of the market, since that is necessary for mass adoption but there will ultimately be gradients of compliance with regulations. Some will be built, forked or updated to comply with the regulations in large markets, while DEXs and privacy coins will resist government censorship but will only be adopted by the ideological set. It will be interesting to see if any ecosystems develop that accept regulation but at the same time undermine the governments that regulate them.

Ewox

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In a way it could be good to regularise cryptocurrencies because then we would know that the country we live in or are visiting accepts such. But it could also turn out to be bad if it will be put into bad use for these governement employees. So it just depends actually on the people controlling the currencies by the end of the day.

michellee

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Quote from: usorin on August 12, 2018, 02:22:51 PM

Regulations in the crypto world are welcome as long as it is maintained the freedom of decentralization and the tax free environment.

we can hope that the governments will think about that so the regulations can give something for us and for the country. but I think the regulations will be like a tax and we need to pay the money because we are making money and it will like an income in the real life. as long as the regulations are not only given benefits to the government and they can fair with the crypto user, I think we can follow the regulations because we don't want to get any problem that can make us difficult to continue what we did.

usorin

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Regulations in the crypto world are welcome as long as it is maintained the freedom of decentralization and the tax free environment.

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Quote from: South Park on August 12, 2018, 11:58:07 AM

Quote from: jademaxsuy on July 18, 2018, 09:08:06 AM

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 a perfect world we will not need regulation and everything will be fine, but right now there are so many scammers trying to deceive icos that some call for regulation of the market of icos, and right now I am undecided about this, government regulation will definitely reduce the number of scams but I do not like it, in the other hand if enough people lose their money the market of icos will get smaller or even disappear but it seems there are always fools throwing their money at them.

It's true, regulation can help us with scams but not only with that.
Regulation and legal back up will help Bitcoin to get more accepted and introduced in legal businesses and economy. Also, people will have more confidence in something that is legaly regulated so demand will increase and that could lead to price increase.
To my opinion regulation is good and needed.

Vinalians

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I don't really agree in this type of regulation. There are still many people in the government that they are not helping other people and they only help their selves meaning to say they are selfish. Regulating bitcoin is good but for now we should adapt first the idea of cryptocurrency.

South Park

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Quote from: jademaxsuy on July 18, 2018, 09:08:06 AM

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 a perfect world we will not need regulation and everything will be fine, but right now there are so many scammers trying to deceive icos that some call for regulation of the market of icos, and right now I am undecided about this, government regulation will definitely reduce the number of scams but I do not like it, in the other hand if enough people lose their money the market of icos will get smaller or even disappear but it seems there are always fools throwing their money at them.

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