The government's supervision of cryptocurrencies is better than bad ones!
Supervising the cryptocurrency can eliminate some of ico's fraudulent behaviors. The government is seriously dealing with crimes related to cryptocurrencies and reducing the criminal activity of cryptocurrencies!
Topic: Government regulation on cryptocurrency, GOOD or BAD? - page 22. (Read 3350 times)
Actually, regulation is good. We do not control cryptocurrencies. We do not know what will happen to them in few years. People are investing and governments are afraid of massive suicides in the case of failure. The role of governments is to protect their citizen. Regulating trade is important. We live in a civilized world, therefore regulation must be applied in every area. There are many similar examples of regulation. Internet was not regulated at the beginning. People were able to download freely musics and movies. Now they still do it but it is more or less regulated. Every new technology or new invention needs a regulation. It is the only thing which make us civilized.
Government decisions are being made what's good for its people and economy, if the government sees that they gain profit and their people earn from it, then its good. As of now crypto is getting famous and government see it.
In my opinion government regulations on cryptocurrencies would have both GOOD and BAD results.If ever government put regulations to cryptocurrencies, it means cryptos will be accepted and legal which I see is good, but if it will to happen that they will put regulations, they won't let people to use and have cryptos without knowing who are these people involving themselves to it and how big they earn from cryptos. They would also want to trace every transactions done in the blockchain and worse, they might control the cryptoworld.
There's a difference between a government not prohibiting something and someone's willingness to accept it as a currency. If governments don't prohibit Bitcoin, that is they allow it as an official currency, that doesn't mean everything will switch over. Bitcoin has never held a steady value. That brings a lot of uncertainty to businesses, not to mention every consumer in an economy. I wouldn't expect a large portion of the population to ever want anything to do with a currency that can't hold a stable value because of how difficult it makes it to function in an economy. For all the gripes about fiat losing value over time, there's little doubt that it's still better than Bitcoin as a currency.
In my opinion government regulations on cryptocurrencies would have both GOOD and BAD results.If ever government put regulations to cryptocurrencies, it means cryptos will be accepted and legal which I see is good, but if it will to happen that they will put regulations, they won't let people to use and have cryptos without knowing who are these people involving themselves to it and how big they earn from cryptos. They would also want to trace every transactions done in the blockchain and worse, they might control the cryptoworld.
Without a doubt, if the cryptocurrencies start to be regulated by the state, this will only affect them in a positive way in the future. First of all, it will create the basic for use of cryptocurrencies instead of fiat money, and in the second the media will begin to fully reveal the advantages of cryptocurrencies, which in turn will increase the demand for them hundreds of times.
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?
Government regulation to Bitcoin is good because all levels of poor community would be the one who benefited if ever government approved of all Bitcoin transaction has been made of course taxable amount would be deducted every transaction. That is actually easy additional source of income by the government from Bitcoin crypto currency.
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?
Government regulation to Bitcoin is good because all levels of poor community would be the one who benefited if ever government approved of all Bitcoin transaction has been made of course taxable amount would be deducted every transaction. That is actually easy additional source of income by the government from Bitcoin crypto currency.
It is important not what rules are introduced - but for whom and for what purpose. This is a kind of filter for large capitals. As soon as the fall will develop a methodology for working with crypto-currencies - there will be a lot of restrictions on entering the ordinary people's market. The purpose of the crypto currency is simple - to give attractiveness to investments together with anonymity - for accumulating the capital of the rich of this world.
Crypto has nothing to do with "accumulating the capital of the rich of the world." It's entire intention was to create an immutable and unalterable ledger that couldn't be manipulated by a central authority. Everything more than that is artificial values people are assigning to Bitcoin. It was not intended to redistribute wealth, or create wealth, or improve the economy, or make everyone rich, or any of this other nonsense people constantly and incorrectly claim about Bitcoin or crypto.
It is important not what rules are introduced - but for whom and for what purpose. This is a kind of filter for large capitals. As soon as the fall will develop a methodology for working with crypto-currencies - there will be a lot of restrictions on entering the ordinary people's market. The purpose of the crypto currency is simple - to give attractiveness to investments together with anonymity - for accumulating the capital of the rich of this world.
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, theirs advantages and disadvantages with regards for regulating bitcoin. If the government would regulate bitcoin then its for the benefits our country for the taxes would proceed to the improvement of one's nation. Bitcoin will no longer used for money laundering and illegal transactions for its govern and control by the government. The disadvantage is that transactions may not be easier for it needs some consent or authority. 
of course it's a good thing for bitcoin with the existence of the rule then all will be safe safe and when the government later apply cryptocurrency system then we must obey it
For me I think it depends on the country and its people. Crypto that regulated by government is a real deal that needs to be fair for both parties. Any concerns in both party should be address to people and its government to have an equal realtionship and to its beneficiary.In my own opinion, it was normal for the government to create different cryptocurrency regulations because they did not want their own country to be negatively affected by bitcoins and other cryptocurrency.
With respect to the instance of cryptographic forms of money, it has done great more than damage to generally nations. Directions encourage individuals and financial specialists recognize a specific venture and pull in the regular people into giving it a shot. Likewise, it steers fraudsters and miscreants from utilizing cryptographic forms of money as a vehicle for their plans since they know beyond a shadow of a doubt that cryptos aren't an unknown domain any longer. Be that as it may, an excessive amount of control prompts peril for the advance and development of cryptocommunities and cryptos themselves, take India as a fine illustration. For whatever length of time that the legislatures don't interfere excessively with cryptos and simply authorize controls for misrepresentation and on the stages encouraging exchanges, it's all great.
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 this picture, nothing will ever change, people will always not like what the government is doing, and they will only do what they want.
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 ideal for a long haul development, government control for digital forms of money can lessen trick which happens and mostly turn into the greatest factor why individuals abstain from putting resources into it. Additionally these sort of law can control ICOs which continue producing ordinary wanting to beat bitcoin or if nothing else make some financial specialist turn into an extremely rich person medium-term
I think that the realization of this situation will produce a bad result. The most important detail that makes Bitcoin special and makes it different from other currencies is that it can not be controlled in any way and it is not connected to a country bank. This, of course, also applies to all cryptocurrecy options, and nowadays this element can not be avoided in any way. If the state can control the cryptocurrency in a certain way, then there will be no vision. What's the difference between cash and cash after the check?
This question is little bit tough to answer for now because it has both good and bad views from my side. If Government regulates the crypto market then it will be good for traders regarding their fund's security and trade execution and even exchanges will be performing their work with honesty. But at the same time, it also includes bad points because the government might collect huge taxes and charges from us regarding the crypto trading and investments which will leave us with a small portion of profit with us.
Definitely is a good thing for Bitcoin. With the right regulations will protect all the investors and big investment companies will get in only with the right regulation to protect themselves. Also, it should take care of some the scams out there.
In my opinion regulation of bitcoin by government can be good and bad. Depend upon different circumstances. Bitcoin is a independent currency because of this their is irregularities present in its production and distribution, if government regulate it then its price will be in control and its volatility is also in control. If government regulate bitcoin then bitcoin users pay tax and their is no untraceable transaction are done with the help of bitcoin. This thing also help to reduce the criminal activities. Many people may be trust upon it after regulation of bitcoin by government. But people related to bitcoin may be losses their freedom. 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 am believe regulation from government is needed and its good for crypto communities. With government regulation, scam ICOs able to eliminate and investor in market more confident with their portfolio.
We are living on the world that depending on banking system and we can remove it without regulation because banks infrastructure is very solid
the country will surely want to provide security protection and stability to the community for this is what makes the basis of regulatory arrangements. Incidentally in our country cryptocurrency is still prohibited because the instrument has not yet had clear regulation and the exchange rate fluctuation is very high until there is appeal to the public to be cautious in investing cryptocurrency especially bitcoin. the reason for the extremely unpredictable fluctuations makes the investment risk to be very high and the state does not guarantee it in the event of a loss. so until now cryptocurrency is still considered taboo and scary in our country
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