Government regulation on cryptocurrency, GOOD or BAD? - page 19.

ErmaburR

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Quote from: deppil on August 07, 2018, 07:42:03 AM

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.

I think it depends on what rules the government applies to cryptocurrency. if the regulation is in the form of a ban it will certainly have a negative impact on the crypto market. but if the rules and regulations are made so that both get the same benefits. certainly will have a good influence on the development of bitcoin

I believe they'll (the governments) speard some false news in public so people stop working on bitcoin never listen of them believe in your self and hold coins.

StImelda

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Quote from: toukuinxz on August 11, 2018, 03:53:56 AM

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.

Good government regulations, like setting minimum standard requirement will ensure that only serious blockchain projects gets to conduct an ICO, not just some guy that owns a laptop and a twitter/bitcointalk account and then suddenly comes up with a scam project.

StImelda

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countries that have some level of regulations in cryptocurrencies have some level of stability and less incidence of scam projects taking roots in such countries, It is a good thing inn my opinion,not too much though

Nyenyepogi

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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?

i dont thino if it is good or bad but ill so no matter goverments regulate this i ll see that theres a big manipulation in crypto so all we need now is to buy when the value is too much low dont buy when the value is too high because it is too risky because of the manipulation.

Btcnaivie

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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?

It is either good and bad. That’s likely to be most apparent on the exchanges. Most exchanges already apply “know your customer” rules to account holders. Users have to upload photo IDs and prove who they are. On some platforms, access to functions depends on the steps taken to prove identity: The more information a user provides about themselves, the more they can do on the exchange. We can expect those voluntary standards to become requirements, and the only people they should bother are criminals and money launderers. The second thing we can be sure of is that there will be more taxation, partly because there’s always more taxation but also because as governments find ways to classify cryptocurrency holdings and measure the profits made on sales, they’ll come up with rules to take an increasingly large share of those profits.

Agnusdei12

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Government regulation on cryptocurrency can be either good or bad. Good because it can add up profit and support to our economy as a country. Bad when the government focuses more on its own interest through heavy taxation because right now everything goods and services has already been taxed by the government.

Ubiaitthoi801

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Currently, only a few countries, especially developing countries, have imposed strict regulations on cryptocurrency. They value the interests of the government rather than the interests of the people, which is very bad.

toukuinxz

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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.

MoreMoneyHunt

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IQCash

Government regulations will only eliminate the decentralized nature of cryptocurrency or Bitcoin and makes it centralized in the long run. However, in the midst of that the people will invest in cryptocurrency without any fear losing their money through market collapse. The governments have great influence on the crypto market as they contribute significantly to the FUD in people.

vokokawev658

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By taxing the cryptocurrency to a sustainable development, the higher the tax the greater the value of the cryptocurrency, the most appropriate tax for cryptocurrency is the value added tax.

renggileh

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that's good, if the aim is for the legality of bitcoin.
Every user, or trader is required to KYC, I think it is to record how many investors from each country.

vokokawev658

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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.

Caitsith

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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.

Bondho Kompeni

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Adoption Blockchain e-Commerce to World

Certainly good, if the government makes a regulation about crypto then this is a sign that the government recognizes the existence of crypto, this certainly makes crypto have a better future than not making regulations.

nsmdgw

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For those who have researched and invested in cryptocurrency, perhaps the government's strict regulations do not seem good, but generally, governments have to put their economies first. The strict rules set out are unavoidable.

manfredmann

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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?

As of now cryptocurrency regulation is good but i am thinking that the government will take advantage on the regularization and will put more tax on cryptocurrency. This could be a different story if government will put excessive tax on every purchase of cryptocurrency.

noormcs5

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Quote from: k1ng0fBTC on August 08, 2018, 04:57:05 AM

Quote from: AliciaAndrews12 on August 07, 2018, 06:30:53 AM

I think the government's ban on bitcoins in their countries is something BAD, bitcoin can bring to countries that have not developed some of the projected wages they can make, but that's the economy. Developed as strong as Japan and America.

It would be good for government to accept bitcoin other wise they're wasting there time to stop bitcoins.They can include some taxes on bitcoin but they can't stop it nor they can trace our transaction and control its price.

Yeah, it is bad if government ban the bitcoin in its country, it is bad for government and also for its people, because bitcoin or other crypto currency people have a chance to earn money and if government not allow to its people then government do bad with its citizens. Everyone has the right to use all the technologies and government should realize that the next era will be of digital currency. So its better to regulate bitcoin in the countries rather than thinking of banning it.

virasog

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Quote from: vessing on August 07, 2018, 12:59:56 PM

Regulation of the crypto currency is a very important issue that can not be denied. And to regulate this segment does not mean to strangle it with different sanctions, but to make it free, transparent and reliable. As practice shows, in the absence of a clear regulation, the rights of users can not be protected

To make the transparent currency of crypto, then musty need regulation in it. So if government involved in it that mean crypto currency will be good for us. It doesn't mean that crypto currency will face problems. So in my thinking, it is good for crypto and also for us.

carlisle1

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Quote from: AliciaAndrews12 on August 07, 2018, 06:30:53 AM

I think the government's ban on bitcoins in their countries is something BAD, bitcoin can bring to countries that have not developed some of the projected wages they can make, but that's the economy. Developed as strong as Japan and America.

OP is talking about regulation not banning ,this is two different thing lol

Regulating bitcoin is something government that can have benefits in this community from regulation they can put taxes in every means of profiteering people might get.and i believe that this will be implemented so can work freely and regularly

Janation

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Quote from: yohananaomi on August 08, 2018, 06:06:43 AM

The government clearly wants to provide the best for regulation on cryptocurrency, because the government does not want many to be harmed if it gives wrong regulation for me the government is right.

That is right. The government want to regulate Bitcoin and other crypto currencies in order to protect their citizens from it's dangers like scams and frauds.

They also wants to avoid their citizens to use Bitcoin in the wrong way like money laundering and transacting to terrorists and criminals. There are some government that do not want it but it just depends on their perception of what is crypto currency.

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