How to regulate crypto? - page 6. | Bitcointalksearch.org

timerland

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Quote from: cryptoreal6 on June 18, 2018, 05:47:06 PM

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

Bitcoin itself can not be regulated. First you have to realize that. This is because of the fact that bitcoin is decentralized, and no central entity will ever be able to assert regulatory measures on top of the bitcoin blockchain.

However, regulations on exchanges, hosted wallets, etc. are what's possible and what's happening right now.

I think that these regulations are needed to an extent to protect users from fraudulent bitcoin-businesses. However, it shouldn't become restrictive to the point that it affects how people access and use bitcoin itself.

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Quote from: liuqi on June 20, 2018, 09:37:39 AM

Quote from: cryptoreal6 on June 18, 2018, 05:47:06 PM

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

Regulation is good for all the countries because every country have individual economic development so government should allocate the taxes or some regulation then only all the countries are allow to legalisation of Cryptocurrency. We are all waiting for that moment in future.

Right it is good to regulate bitcoin because it has most of benefits that are occurring only because of bitcoin in any country who are using bitcoin, people are getting jobs, people are saving money, and a lot of benefit are now being a part of our life only because of bitcoin, so I think governments should be strict about bitcoin to make it regular so no one will compel to use it hidden, paying tax for bitcoin will support our government to become stronger.

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Are you really sure it is regulation that have kept many countries from recognizing cryptocurrency?

Most of the issues is rather misunderstanding. Mostly when you hear conversations about cryptocurrency, it is about the negative conclusion that it is decentralized. It is disruptive, it is anonymous. It is a bubble, it is an avenue for funding terrorists. Little is said about the speed of transaction across the world, the little or no barriers of documentation, the significant reduced fees, and other good that aspects of the cryptocurrency.

The more positives we talk about cryptocurrency, the more relaxed government control will be.

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Quote from: cryptoreal6 on June 18, 2018, 05:47:06 PM

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.

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Quote from: cryptoreal6 on June 18, 2018, 05:47:06 PM

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

Some level of regulation give some trust to the people to inverse in crypto.On the other hand,the main reason for regulation of crypto currency is to get some tax for the income from trading,mining of Crypto.Regulation give strength to the investments and same will reduce the involvement for the tax.

darewaller

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Quote from: Lagrood on June 18, 2018, 06:18:44 PM

I am absolutely sure that the crypto industry need to be regulated. It need to organize special organization(s) which has to control market and all participants and, of course, we must have logical and convenient rules to evolve the crypto industry. I mean something like CFTC.

This is something we should not even be debating anymore as it is so glaring that humans cannot do things all by themselves without some devilish punks coming to parade themselves just to want to evade the space and do things in their own way which may likely tarnish the image of a lot of things which apparently is what we have been experiencing.

Scams, manipulations, name them! However, we sure do know that the only way we can at least start getting to have a growing and matured space is when regulation comes to play.

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Quote from: cryptoreal6 on June 18, 2018, 05:47:06 PM

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

If the economy of the country is going bad due to cryptocurrency then most of the governments will just create their own rules and regulations in order to stop the negative effects of cryptocurrency in their own economy, every country has the same idea.

Maveth13

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As much as it contradicts decentralization, regulation is definitely needed for worldwide adoption. Besides, when worldwide adoption does occur, we can't possibly expect that everyone would be educated enough to use cryptocurrencies safely. Just in our current state, there are countless people getting scammed both by other people or organizations, and no one could help them with that. Regulation would help protect the users in these cases.

v3liana

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Somehow i would say yes. But our goverment are still unclear and they seems consider crypto as an asset. Crypto definetly not an asset and it could not be regulated as same as asset did. With goverment regulation crypto will be accepted as investment and many people will invest on crypto. I believe it would make the market size bigger and it would boost all the project in crypto world.

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Quote from: cryptoreal6 on June 18, 2018, 05:47:06 PM

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

I totally agreed on this,ever since my stand is to favor the regulations policy that countries might implement because rhis is the only reason that i see for us to be free to do everything we need here,

I believe that if this implemented then taxation will be the next and if thats indeed economy will grow and countries will be happy for the presence of cryptocurrency

semobo

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The regulation of the crypto currency is a good thing because that will give the common people the trust which is also can be invested.But many governments were trying this to make more revenue for them by implementation of high taxes.So the regulation is good but the regulators need to be fair with the regulations.

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The State of Russia on State Construction is to support the first reading of a proposed regulation that incorporates fundamental rules for the digital economy in the country's Civil Code. At the same time, a leading Russian bank issued its first commercial bonds through Blockchain-based technology.

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Quote from: cryptoreal6 on June 18, 2018, 05:47:06 PM

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

The community regulating crypto wouldn't make any sense since we:

#1. Thrive on the lack of regulation stifling the market, which also encourages users to become venturous with business ideas, leading to some good (and some bad) businesses and projects becoming available.

#2. Exchanges allow for relatively unregulated flow of BTC, cryptos, and tokens are often the ones that end up benefiting the community the most, aside from when there's a hack and the entire exchange goes down (which can happen to anyone).

Countries also won't allow for our "regulation" to be viewed as legitimate since it's essentially just rules that we would try and follow. They would make their own regulations in as harsh or as basic of a way that they want.

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Cryptocurrency is set up around the world, but its legality is not fully implemented. Maybe it will happen soon but there is no such time or the right year that cryptocurrency will be implemented legally. And cryptocurrency now allows most of every country to have access to the cryptocurrency business.

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Basically, we act as supporters of crypto world popularity for friends in various countries, in this way crypto name will be more heard by some people. If we support it it will be very helpful for the entry of crypto in some countries but we must make crypto to be positive in order to get permission from the state. Someday I believe crypto will be more popular, and if this happens will greatly help the economy for transactions and investment world. Currently, government policy still considers the negative effects of misuse of crypto money, because with the existence of crypto many people to take advantage of the transaction with no taxable and this will be our important role to support the positive value of crypto technology.

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Quote from: cryptoreal6 on June 18, 2018, 05:47:06 PM

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

Regulation is good for all the countries because every country have individual economic development so government should allocate the taxes or some regulation then only all the countries are allow to legalisation of Cryptocurrency. We are all waiting for that moment in future.

Insanerman

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The regulation of crypto is currently happening in different countries in our world, like United States, China, South Korea, Japan and Europe. They are gradually taking actions in regulating crypto as a mode of payment other than fiat currency. They are scrutinizing the large mumbers of ICO to protect the people from being scammed. Crypto is still in its adopting stage and our governement makes certan action to legalize the regualation of cryptocurrency in the rest of the world.

vlad230

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I think that the only way for crypto currencies to able to be used as they were intended - to be currencies - would be to undergo a regulation process.

This way scam ICOs and other scam coin projects would not have a chance to succeed and the people would be protected thus, people would trust these alternative forms of payment like we ended up trusting plastic cards instead of banknotes.

The thing is crypto currencies are still at the beginning and we need to give them time to mature.

iv4n

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One more newcomer with same question. Crypto is already regulated, crypto coins are regulated differently, with different supply and distribution, on different networks, platforms, there are so many of them and so many differences. How will government regulate crypto depends from people in that government and their needs, but who ever they are and what ever their needs are they can regulate it until some point and only inside of their limits, to say it simply why would I worry what will some country do that is thousand kilometers from me? I don't have nothing with their laws.
People should learn how to use crypto, to try to understand how it works, after understanding all that this kind of questions sounds silly.

ophyrim

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The nature of this ecosystem is anonymous. This is the one of the main reason for what Satoshi has created Bitcoin.
Regulation is unfavorable for 99% of this ecosystems even there is some exception like Ripple.

Topic: How to regulate crypto? - page 6. (Read 709 times)