Topic: How to regulate crypto? - page 5. (Read 709 times)
It still.. everything goes back to the government, how to regulate it if the country/government is still against it, let the government continue to try to understand crypto as time passes. We just need to avoid abuse from crypto until the government can judge it to a more positive side and can be accepting it and regulating it.
A scammer with full anonymity can quickly create a White paper for his project, from some fake concept and then start a token sale and run with the money, as soon as he reached his goals.
A lack of regulation is not the only problem here. People believe that they can still become rich if they buy a new coin. They don't even understand the difference between a token and a cryptocurrency. I don't understand why people invest in ICOs these days. Holding seems to be much more profitable and safer investment. Also, some people don't even read project's whitepaper and judge whether or not it is a good project by a website and its graphics.
Do we need to regulate crypto so that more countries will allow it?
That is not our job. That is government's job. If they want to accept the cryptocurency, they will find a way to regulate it. However, I doubt that they can do that since bitcoin and other cryptocurrencies are decentralized. They can not be controlled by any company or individual. Therefore, I believe that they will have to accept it without regulating it 
Do we need to regulate crypto so that more countries will allow it?
Well, the fact that the governments in other countries bans the use of cryptocurrencies shows that we really need to let them regulate cryptos in a way that they will see fit and like a win-win situation for users and for them. But as I see the way they regulate cryptos, some regulations are unfair for users in that specific country so they are finding ways to use cryptos in their own comfort. Do we need to regulate crypto so that more countries will allow it?
No, it needs no regulation. Even if you want to, how are you going to do that? 🤔 I don’t see it possible in anyway at all. Any country that doesn’t want to allow the use of Bitcoin is their own choice, you can’t force them to do so. Bitcoin is meant to be used by people and it gives them complete control over their money. So you shouldn’t be expecting regulation, it’s not going to happen at all.Regulation will help the investors to protect from the scam ICO's because the government should come up with a solution in order to protect investors. Of course, it is not easy because people are losing their hard earned money by adding some rules and regulation to the ICO's.
Do we need to regulate crypto so that more countries will allow it?
No, it needs no regulation. Even if you want to, how are you going to do that? 🤔 I don’t see it possible in anyway at all. Any country that doesn’t want to allow the use of Bitcoin is their own choice, you can’t force them to do so. Bitcoin is meant to be used by people and it gives them complete control over their money. So you shouldn’t be expecting regulation, it’s not going to happen at all.
Regulations should only be used to prevent or stabilize a "Wild West" scenario. Let's take the ICO scene as an example. A scammer with full anonymity can quickly create a White paper for his project, from some fake concept and then start a token sale and run with the money, as soon as he reached his goals.
There is no regulating body to determine who are behind these projects and how legitimate these projects are, before they go public.
This is the typical, "Wild West" scenario and the government are the new Sherriff in town, to protect the citizens and to prosecute the criminal elements in the community. 
There is no regulating body to determine who are behind these projects and how legitimate these projects are, before they go public.
This is the typical, "Wild West" scenario and the government are the new Sherriff in town, to protect the citizens and to prosecute the criminal elements in the community.
I think there needs to be a crypto bond and state, where the state gets the result of crypto. it aims to maintain the crypto and convince investors.
Do we need to regulate crypto so that more countries will allow it?
The main obstacle to the adoption of it by the majority of states is precisely in the decentralized nature of bitcoin and other crypto currency. Because of this, it also has high volatility. However, it is precisely the decentralization of the crypto currency that can not be allowed before the regulation by the states, otherwise it will be a completely different crypto currency. The circulation of crypto-currencies in individual countries can be regulated arbitrarily, and its decentralized nature can not be regulated. This is the whole complexity of this moment. 
To me, I think we cannot run away from that reality. The popularity of cryptocurrency has got the attention of lawmakers and once that happens, they'll do anything to gain control. If only the regulations aren't tough, crypto will still continue a good venture. Also I think some bad behaviors of some members of the ecosystem surely makes it necessary for regulations to be initiated.
Do we need to regulate crypto so that more countries will allow it?
Basically, yes. Because there are several countries who thinks bitcoin could be a subject for criminal activities involving money laundering, illegal transactions, terrorism, and other activities that can be developed, and some these are already happening. So, what would you expect from the government? You do the math.
I think the regulation with crypto currencies should only focus on fraud and money laundering. All of these things give crypto currencies a bad name and we want that to be taken care off so that investors will be comforted to the fact that their hard earned money won't be taken. Taxes and such are already a given so that more countries would jump in.
As we all know that Crypto is based on blockchain technology and it is almost impossible to regulate it as there is no central server for it to control. On the other hand, the government can legalize crypto and try to control the domestic exchanges resulting in the price fluctuation (at least on domestic level). There is no other wat for anyone to regulate cryptocurrencies.
Yes, bitcoin regulation will truly open doors for many countries.
And It will attract more investors because finally the government is supporting this kind of technology. This may take few more years but regulations will happen because this is a growing community and I know government are aware of this thing. We cannot regulate cryptocurrency, but if one big country make this thing legal, for sure many countries will make their own decision even a small one. Do we need to regulate crypto so that more countries will allow it?
In my own opinion placing regulation towards cryptocurrency is just fine but as long as government started to manipulate the price of crytpocurrency like placing taxes on it then there is a huge chance that the investors will reject bitcoins and the market price will just go down.
Do we need to regulate crypto so that more countries will allow it?
Regulating cryptocurrency might also give other countries to think of possible change of their minds as it is much safer to get into this industry while there is something like the regulation but I think they will only do that on our local exchanges for a much better result. A lot more countries will think twice and will surely adopt crypto because they might see that the countrymen would start to surge and make ways just to interact the cryptocurrency community.
I don't think it's a case of needing regulation, I think it's simply a fact that governments will regulate. They don't like the loss of control over citizen's finances. I figure there's no point getting frustrated about it, as it will happen anyway, so best to look at the positives. One of which, as has been mentioned, is that it should open the door for new investors to get involved.
The whole idea of crypto lies in the implementation of external regulations. It is possible that they will be useful for market development, but so far governments are not ready for adequate behavior in the crypto market.
Do we need to regulate crypto so that more countries will allow it?
The only reason for cryptocurrency to be banned by government is that, if the countries economy is being affected on a negative way or the governments are just corrupted and they did not want their people in the community to earn wealth. Aside from that i believe that cryptocurrency is good for a country and to the people in the community as well.
It needs to be regulated and it is already being regulated right now, it has pros and cons for sure but I don't think it is bad for the crypto. Thanks to the regulation the crypto will be more valuable.
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