How to regulate crypto? | Bitcointalksearch.org

TheClownSong

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Quote from: cryptoreal6 on June 18, 2018, 06:47:06 PM

Do we need to regulate crypto so that more countries will allow it?

I think if we want mass adoption on cryptocurrency, regulation needed. In many emerging country, government prohibit bitcoin for payment in merchant and if government issuing regulation on crypto, it will good for mass adoption

biskitop

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when crypto is regulated, the first thing is to be able to make the value more stable. because if crypto is regulated and legal, crypto will be a very effective payment instrument. not as an investment that aims to get big profits.

DAVETUN

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Regulation and policy development is the core requirement that can make cryptocurrency to become globally accepted, as the absence of government influence is a major cause why lots of investors do not want to get involve in the community.

nokat

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We need to make cryptocurrency known to all and all known to cryptocurency. There are numerous projects being brought up by people all over the world and thee projects will help to stabilize most economies.

7Dyoknga5

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Quote from: cryptoreal6 on June 18, 2018, 06:47:06 PM

Do we need to regulate crypto so that more countries will allow it?

Yes. Anything that a government couldn't regulate will not be accepted by it. A lot of reasons are considered by government but one issue is the most, and that is security issues.

It can possess as a threat to a countries economical system.

fredo123

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Quote from: Kapee on August 25, 2018, 01:25:08 PM

I think the regulation of cryptocurrency will help countries in diverse angles. The government is various countries will get to know more about crypto and clear all misconceptions about crypto.

Uncertainty at this point, may be what is holding bitcoin back. But since bitcoin is global. Its going to be a a patchwork of regulations depending on where you live.

Kapee

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I think the regulation of cryptocurrency will help countries in diverse angles. The government is various countries will get to know more about crypto and clear all misconceptions about crypto.

arbifahrozy

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yes it should be with the regulation in crypto in various countries, the country can control the current dimarket in the country. and if that happens it will feel safe to transaction.

Samolet

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Quote from: cryptoreal6 on June 18, 2018, 06:47:06 PM

Do we need to regulate crypto so that more countries will allow it?

Many questions concerning the future of any cryptocurrency are reduced to how it will affect public administration. Another question is whether it can become mainstream. The fact that the cryptocurrency does not depend on the banking system makes it even more attractive. But the risk is that many still do not trust the new technologies and to some extent they are even afraid of them. Therefore, it is difficult for them to abandon the traditional system and start using Bitcoin, Ethereum, and, indeed, any other cryptocurrency. Another danger is public administration.

PlusOne88

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It might be regulated within a country only but to a totality it maybe just so hard to do because each country has its own economic status, rules and laws which might be different from the other. And even so, still the prices for the cryptocurrency will always be hard to regulate because it relies on the supply and demands for the certain coin.

Bugcoin5

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Quote from: cryptoreal6 on June 18, 2018, 06:47:06 PM

Do we need to regulate crypto so that more countries will allow it?

It is very difficult to regulate the cryptocurrency. Regulation and government interference is certainly the biggest challenge facing cryptocurrency today. However, regulation for Bitcoin will be good. It will increase legitimacy and will make it more acceptable to the mainstream.

xTz

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I would rather moderate amount of coins to be traded by individuals per day. So the volatility will decrease.

Barbut

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Quote from: olyolali on August 14, 2018, 04:37:30 AM

Quote from: cryptoreal6 on June 18, 2018, 06:47:06 PM

Do we need to regulate crypto so that more countries will allow it?

I don't think anyone can manage the crypto at any time. because crypto has never been approved in various countries from the past. so it's very impossible to set it up. and I think only we alone can manage the crypto.

You don`t need to think about it, miners have the biggest power when it comes to network decision making. We alone can`t do nothing, you need to contribute to network and only like that you have some vote. Cryptocurrencies are already regulated, that has been repeated here many times, you know total coins supply, you know the way of distribution, you know how you can use them, what governments can do is to regulate, or to try to regulate usage in their own countries, they can do that by controlling some services, but do you think they can control all of them? It`s decentralized network it will be hard for anyone to control it, but many will try, count on that.

kumala_abi

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the first thing that must be done to legalize crypto is that there must be a law that regulates digital currency.without this law the government will find it difficult to do so

Carter_Terrible

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Quote from: SIIP on June 18, 2018, 08:41:22 PM

I have to agree here. If you want something that is decentralized, you can't really regulate it. At some point a currency will need to exist that is "buyer beware". We have all sorts of regulated safe currencies and safe markets. At some point there has to be a market/currency that simply is not regulated. If after all these other safety stickers and markets that make sure people don't get screwed, you still decide to get into crypto, then it should be your own damn problem. Deregulation is not a bad thing, its only a bad thing when absolutely critical systems are not regulated, crypto is not a critical system, its just another currency that nobody is being forced to use. You could go your entire life without knowing what it is or even seeing it. The regulation should come if bitcoin ever gets big enough for major companies to start putting peoples 401k into it. THEN, the regulation should be on the company side who decides to put your money there, not on bitcoin as a whole, bitcoin doesnt know, it doesnt care.

What about manipulation of cryptocurrency. People with mass amounts of money can buy and sell huge amounts of Bitcoins, for example, which affects the prices. These kind of things also cause volatility. I agree that people need to be responsible for their decisions. If they choose to invest in crypto, they need to be prepared for potential consequences. If we want crypto to be a viable currency, we need more stability don't we? How can you could on crypto for general use, if you can never be sure what it's value will be tomorrow?

DavidEdward

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The nature of crypto is decentralized. it can't regulate something decentralized, it's impossible to do it. The real problem is how governments will try to shutdown cryptos because they will try it...

andriw

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One of them is by monitoring local exchange, because local exchange is a portal where abuse of cryptocurrencies starts and ends. Supervision can be done by KYC on new users who will register in the local exchange.

olyolali

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Quote from: cryptoreal6 on June 18, 2018, 06:47:06 PM

Do we need to regulate crypto so that more countries will allow it?

I don't think anyone can manage the crypto at any time. because crypto has never been approved in various countries from the past. so it's very impossible to set it up. and I think only we alone can manage the crypto.

patarfweefwee

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In truth, I'm on the fence about reculations before. But as i see more and more fraud in the market concerning bogus ICOs and people claiming that people should invest on Bitcoin but in the end tuns off with their money i kind of think that regulations isn't a bad thing. Besides, you can always look for a loophole not to pay taxes.

spongegar

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Yes of course! A regulation over crypto currency will ease the minds of government officials. I mean the stock market itself is reculated enough and still financial crimes happen, what more on an unregulated system such as crypto currency. We can sleep at ease knowing that the price won't be manipulated or we be screwed over by a shifty ICO.

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