Government regulation of cryptocurrencies is a good thing, they first legally affirm the status of encryption! Protect the legitimate rights and interests of investors!
Prevent money laundering and criminal activity by regulating cryptocurrencies! The cryptocurrency can only play its value if it is correctly traded in daily life!
Topic: Government regulation on cryptocurrency, GOOD or BAD? - page 28. (Read 3350 times)
I don't like government regulations before since crypto's are decentralized but even the government will step in and implement regulations, they still don't have control to bitcoin and other altcoins but they can halt transactions. I came to the point too and say that we need these regulations to introduce crypto's formally to the world and to the skeptic people on crypto's.
I think KYC and doc collection is part of the regulatory system when it involves banking and financial services or even any critical job taking place. So we have no rights to say no to the process that is done over the exchangers. It is actually for our own goodness as it adds up more security to our transactions. We can show up where our money goes in and come out and thus track it for the taxation purposes. That is actually a very good ting according to me. Having regulations can increase the odds of survival for Bitcoin and other crypto currencies in the long run.
Its a dilemma situation, we need government to legalize crypto if we want to see more adoption, the investors need to make sure that their investment is safe and not going to be banned or become problem in the future, but in the other side bitcoin was created so we can have the freedom currency that free from any control, without any control we can used it in various way and the price could soar high based on the supply and demand
For me the regulation from government is bad but we don't have any option to accept the fact that we need government's approval, its better being regulated than it's banned
For me the regulation from government is bad but we don't have any option to accept the fact that we need government's approval, its better being regulated than it's banned
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?
Crypto currencies were meant to be totally decentralized and free from any kind of control. But decentralization kind of brings a huge barrier towards this freedom. More over the government is trying to use all these excuses and regulate the currency to bring power towards controlling the coins indirectly. To be honest, regulation on bitcoin is actually bad. But there are some good sides to it which i won't be denying.
For speculators, regulation is not very good news, as it leads to an inevitable decrease in volatility in the market. For institutional investors-great news, it will allow them to enter the market.
Gov't regulation on cryptocurrency would be a good news to most.
It would bring crypto under the umbrella of the financial sector.
Taxes and audits would likely be imposed.
These would take away the anonymity and deter scammers.
It would bring crypto under the umbrella of the financial sector.
Taxes and audits would likely be imposed.
These would take away the anonymity and deter scammers.
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?
The general regulation of the crypto-currency from the states is necessary and useful for the crypto currency. In order for the crypto currency to go legally on the territory of the state, it is necessary for each state to determine its status, the conditions of circulation in the country and to determine the taxation of the crypto currency. However, regulation should be in moderation. Excessive regulation will have the opposite effect. This, I think, will happen in the future and citizens will have to fight for their rights to use crypto currency. 
This depends on what government it is. If that is a good government who respect freedom, decentralization, or its power is restricted by its citizens, then it's good. Otherwise, it's very evil.
In the long run, I think regulations will bring a lot of benefits for crypto. People will tend to see it as a legitimate investment portfolio. Right now the overall sentiments of people are still 50/50 in my opinion, at the back of their minds there are still doubts specially with all the negativity surrounding it. Downside is that people will be tax, and we all know that there are individual who put their money to hide from the eyes of the government.
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 as a whole generally and surely people will have an advantage and benefits to that. With regularization, people will see that crypto are being recognized by the highest authorities meaning it's safe*, it's legit, it's not a shit or something. It can somehow protect users from scam, frauds or should I say that it can minimized the risks of losing funds.
The bad side? First let's knows what will be the terms under that a user must comply. Expect a strict KYC regulation, question\s before doing a large withdrawals or anything protocols that a bank follows.
Even with crypto today without a regularization, we are being faced to it's negative used so a regularization might help us on other aspects*. But again it depends on the terms and hope that it's not taking too much the freedom why we used crypto in the first place.
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 own opinion, government will always create regulations depending on how the economy works on their country so the regulations might affect the investors and traders in a negative or positive way depending on their decisions.
This depends on what government it is. If that is a good government who respect freedom, decentralization, or its power is restricted by its citizens, then it's good. Otherwise, it's very evil.
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
Good or bad? well it kinda depends on your own country and the kind of the Government that will regulate the cryptocurrency, well its basically good as you can legally trade, own and convert those cryptos into fiat with tax as long as you are not violating any laws and regulation under their rules about cryptocurrency.
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 think regulation is good sign because it gives freedom to people for using crypt currencies with no government threat but still there are a lot of needs to be done. 
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?
Do you not see in their words the answer. Let the state allowed to trade crypto-currencies, but it did not give the right to deceive people in these ICO, which is every second deception and fraud. And as for money laundering, it is already control over citizens. It is not good (((( 
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?
If you want to be an official exchanger, then you have to agree some regulations but still it doesn't matters because you can always exchange your bitcoins without leaking your identity. Just tell me which bitcoin mixer uses KYC? Lol, no one because you may know what's their mission + no one will register official exchanger or otherwise they will have no customer. Now even built in exchange/mixers are on market. Regulations can't stop dark market, it can only control white, legal market and that's ok.
Of course very well, the government has implemented a regulation against bitcoin whether it's tax or the other.
it shows bitcoin has been received in the country.
it shows bitcoin has been received in the country.
Regulation is need for the legalization of Cryptocurrency so all the government are regulate the crypto then only it will legalized in a country. So It is good for the peoples satisfaction and protection because government is responsible for after legalisation peoples are believe the government so regulation is necessary for all the countries.
Governments wants to make sure there is tax is levied and collected from any source and crypto currency is a big resource for them to collect more tax in the form of rules and regulations. First they will levy rules and regulations and step by step they will impose tax on crypto currency exchange and trading in future. I think we cannot stop it or accept it since it in the hands of government to decide on it.
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