Government regulation on cryptocurrency, GOOD or BAD? - page 25.

agimat

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Quote from: jarojak on July 18, 2018, 09:25:09 AM

I think regulation mean that cryptocurrency is legal in that country. So it is GOOD.

For me its good that government will regulate regarding cryptocurrenies because if they care and they will regulate this it means that they will fix it and give protection to the investors and to avoid from scammers.

ylnar123

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Activity: 350

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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 is good if the government has no intention to leverage on our earnings in cryptocurrency. Regulations are made to insure security on our funds.

munareal

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Activity: 644

Merit: 102

Regulation in cryptocurrency is a good thing. It will help minimize scam projects and KYC is also important through that scammers can be traced

Sled

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Bitcoin- in bullish time

It is a good thing for me because when the government is unleashing a regulation for cryptocurrency it means that they are interested for that thing and they will accept it and adapt it as one of the newest technology in their country and they are putting regulation on cryptocurrency because they want to set limitation to prevent unwanted events.

regnidorhcs

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Activity: 173

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The way I see it, regulations on crypto currency is one of the ways of the government to be able to legalize crypto currency in their country. I also think that having a set of regulations implemented by the government would help people to gain more trust in investing and getting themselves into the crypto currency business. SO for me it is good.

dewildance

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Japan has made great progress in this regard. I think Russian goverment is preparing a legal regulation nowadays.

ecnalubma

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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 am pro regulation and we need government intervention in this type of industry. In order to grow we need concrete laws, guidance and limitations if there's no any governing bodies that will protect investors then crypto will become a wild west for launderers and scammers. After all these regulations and cleansing more positive things will come and investors will be more confident over cryptocurrencies.

millionaireshs

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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?

Regulation of Crypto Currency is good everytime we do process specially in bitcoin we don't hesitate to avail specially if it is available anywhere like mini mart, Department store, shipping lines, bus lines and also in Vendors around at least we are freely to use without hesitation.

qwirtiii

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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?

Cryptocurrency must need to accept by government because this have a lot of help in each of us.Even though it can has a bad effect like some of the terrorist funding in it and use the money for bad things.But I believe If cryptocurrency give a chance to be legal in all of the country it help to make some of things fast, no hassle and great future.

repzaj

newbie

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i think if the government is already accepted and govern the cryptocurrency in some countries, its means the crypto is in a good situaation and hoping that all country will accept it.a

Sofiyah

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I think the government give the regulation to accept cryptocurrency in a country, I think it's good news. little regulation to legalize crypto is no problem than continuously rejecting crypto that has become our advantage to its users. it would be great if the government accepted the crypto and provided the regulation, it would probably be good for the future as well.

yndye

sr. member

Activity: 616

Merit: 262

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's good for me because it would make more people trust cryptocurrency and not just easily scream it is scam. Registration of ICOs is also good because there are so many scam ICOs nowadays and it would be good if they get the approval of the government because in case they do something wrong then the government would be able to reprimand them and the investors would be able to find a case and they would be in jail. We would like to do that to the team behind those scam ICOs but its hard to trace them due to lack of regulations.

zeingrind777

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I think it's good. There is nothing wrong with KYC as long as we use cryptocurrency in a good way and not abused. Even I think it should add tax regulation to the crypto holders

Ararbermas

sr. member

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Honestly it's good. And for sure if the government regulate crypto currency there will be a massive increase again in the market 'cause that is the advantages when the government or countries regulate cyrpto like what happened before. Which is because of being regulated the demand and supply in the market has a tends to increase gradually and can cause crypto market price as well to suddenly reach the ATH again but it depends on the hands of government.

aeternus

sr. member

Activity: 686

Merit: 250

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 will depend on the kind of regulations governments create, if we take Japan as an example Japan has created a good regulation that has as its objective to protect the investors but it was done with the interest of people at heart, so their regulation is good, but in other countries they are treating crypto holders as if they are criminals so those kind of regulations are not good for us or the market.

poorwhale

newbie

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Theres a good side and bad.. good side a lot of people will not be afraid to crypto anymore but the bad side is it might be controlled by regulations

maaydin

full member

Activity: 378

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in some way it is a good thing becuase people would be able to use it more regularly and without fear of it being illegal as the majority thinks btc is illegal or there is no any way to cash it out.

posi

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Leading Crypto Sports Betting & Casino Platform

Quote from: carlisle1 on July 19, 2018, 12:10:35 PM

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?

For us to have all peace of mind we must accept that the governments is on our top so the very reason for us to feel free working and earning here,is let our governments to put taxes.policies and all the things they need to givr us to allow the cryptocurrency in their respective countries.thats the simplest way for freedom

We both not that we can't trust much in the government because they have a way of making things they wanted it to be without caring about how it affected their people but we still the government though due to the legality of cryptocurrency and I don't see anything bad in the KYC issue if it was truly meanrt to spot illegal or abusive activities in the cryptocurrency world.

carlisle1

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Campaign Management?"Hhampuz" is the Man

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?

For us to have all peace of mind we must accept that the governments is on our top so the very reason for us to feel free working and earning here,is let our governments to put taxes.policies and all the things they need to givr us to allow the cryptocurrency in their respective countries.thats the simplest way for freedom

DgurJIupyf

member

Activity: 392

Merit: 10

http://o-tu.ru/

On the one hand, it is good that the government will introduce blockchain technology, but on the other hand, I believe that the blockchain represented by the bitcoin product should be outside the state. It is on the principle of Dark net.

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