Implementation of KYC does not assure security. Filling up information in KYC is like creating new account on social media or email.
Regulation of cryptocurrency to avoid illegal activities is a good notion, but no concrete program or process yet has been proposed.
Topic: Government regulation on cryptocurrency, GOOD or BAD? - page 18. (Read 3350 times)
Anyways, regulation is a way to provide as assurance that we are safe from investing but we also think that it might be abused by the authorities which could only ruin the system and that would people get worried. Having a decentralized market isn't bad at all since all prices are uncontrollable but yet there is no assurance of turning back our money from our investment since all transactions aren't refundable by someone else.
that is the right term for me being regulated by the government meaning is an assurance for the people to invest, because people will only enter to a particular thing if there is an assurance from the government. When the government intervene in cryptocurrency it is a good sign that the crypto industry to that country will be good.
I think it's all right.It should be.Cryptocurrency should be used for good deeds and not for money laundering and terrorist financing.
Anyways, regulation is a way to provide as assurance that we are safe from investing but we also think that it might be abused by the authorities which could only ruin the system and that would people get worried. Having a decentralized market isn't bad at all since all prices are uncontrollable but yet there is no assurance of turning back our money from our investment since all transactions aren't refundable by someone else.
Regulating Crypto by the Government is really good and I think it must be happened when Crypto is legal in any country with a stable value in the market that we can use it easily in any tansactions. But for this moment it is really hard to make a regulation to Crypto while it is not legal in any country and low value in the market.
Sometimes government regulations about bitcoin are good and bad. Sometimes the government makes regulations so that people do not use bitcoin for fear of being used for negative actions. So the government makes rules so that people understand about bitcoin. That's all in my opinion.
I think regulation is bad for crypto currency, they limit the function of crypto currency, making us unable to use cryptocurenncy fullest. But still regulation is better than getting banned.
That's right.I believe that this is very necessary from the point of view of the legislation
Bad effect for bitcoin after regulation from government to banned bitcoin transaction in their country, we can see how increase drop of bitcoin after Chinese banned bitcoin transaction in their country. Many country will do the same to banned bitcoin and just waiting with bitcoin have drop price.
I read from the news that there are goverments who want to support cryptocurrency but they really want to regulate it first. Well i think that its the only way because it will be very very hard for cryptocurrency to be mass adopted if government dont want to support or even allow it. 
Here as a coin - two sides: good and bad. The bad thing is that when the crypto currency is banned in the country, chaos occurs and the market is formed illegally, this leads to all sorts of speculation and fraud, sometimes the passage of KYC makes trade complicated and. But the good side is the legality, the entry of more players into the market and the increasing popularity of crypto-currencies, the rapid introduction into all areas of use.
Bad effect for bitcoin after regulation from government to banned bitcoin transaction in their country, we can see how increase drop of bitcoin after Chinese banned bitcoin transaction in their country. Many country will do the same to banned bitcoin and just waiting with bitcoin have drop price.
Regulation is always bad. We cannot have a free market with the government making ridiculous rules that only help themselves. We as free men and women can handle this ourselves. I'm sure we will get regulations and the sheep will cheer loudly.
It is really bad for cryptocurrencies, if the government will regulate this currency , because as of now that it has not been regulated the flow of activities is very good without any problems, if this will be regulated , it may add fees like taxes, registrations and other government fees required for cryptocurrency holders.
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?
To me, even though it will add some limitations and probable difficulty on cryptocurrency transactions and other activities related to it, I am all up for imposing laws and regulations because it can protect the users and can make sure that all activities are viewed as legitimate ones because a law recognizes it.
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 thinks it’s only through cryptocurrency regulation that you will be able to leave our money in an exchange without fear. Cryptocurrency regulation challenges are not that big. That’s because the people putting money into cryptos right now don’t have much attachment to the whole ideology of cryptos and power to the people. I believe it is good thing to regulate cryptocurrency.
Under the government admits that cryptocurrency could develop better. If all countries in the world suppress cryptocurrency, then i think cryptocurrency is difficult to develop.
The development or progress of cryptocurrency will be always depending on the people who are investing so it will always grow depending on the demand in the market.
It is really bad for cryptocurrency the government regulation for cryptos , because the government may either impose taxes to the cryptos and the functions of cryptos which is in anonimity will be lost because the goverent is in control with the cryptocurrency.
I think that the regulations that the government sets for cryptocurrency are not good, which would limit the development of cryptocurrency as well as limit future economic growth.
In this world, anything must have rules, if it is not regulated there will be a problem. Including cryptocurrency must be regulated by the government, so that it is not misused for matters that are detrimental to both the government and society. So, the rules about cryptocurrency as long as they are related to security and ease of transactions, and can also find ways to collect taxes in cryptocurrency transactions. Because tax is a source of income for a country.
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?
Regulation is good for cryptocurrency market. It will increasing confident for crypto investor because with regulation from government, it will reducing scam ICOs. Scam ICOs give bad effect for cryptocurrency because peoples will not trust on cryptocurrency and think crypto is a fraud.
Imposing some regulations on cryptocurrencies is a better idea than banning them.Crypto's are having a high potential to make the economy of a country better.So instead of bannig it some regulations can be imposed so that government can have a control over it and no one can use it in an inaccurate way.
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