Topic: How to regulate crypto? - page 8. (Read 710 times)
crypto must be arranged if it has entered in a country and has become a means of payment of saha because if not set there will be some problems that will have a major impact on the country is not just a criminal act but the economy will be destroyed.
Do we need to regulate crypto so that more countries will allow it?
It must be regulated with caution, not to stiffle its growth, too much regulation would be bad as we saw the china example. It is just bad to forbid everybody to use it and innovate upon it.
It leads to being last in the line of improvements, on which you will have to be in some point of time
Do we need to regulate crypto so that more countries will allow it?
The problem of regulating cryptocurrency is by doing so,it also means that you introduce centralization to it (the level of centralization will depend on coin ofcourse).And in my opinion,there shouldn't be any centralization in cryptocurrency world.Crypto doesn't need to become an alternative system to traditional centralized banking just for the sake of adoption.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.
Do we need to regulate crypto so that more countries will allow it?
The problem of regulating cryptocurrency is by doing so,it also means that you introduce centralization to it (the level of centralization will depend on coin ofcourse).And in my opinion,there shouldn't be any centralization in cryptocurrency world.Crypto doesn't need to become an alternative system to traditional centralized banking just for the sake of adoption.
Some level of regulation is needed, especially if we with to see crypto more as a currency. First, cryptos must be very stable(for example tether, which usually stays in the $1 equivalence zone). Regulation will mean that volatility should reduce remarkably. And here is the case market is driven by demand and supply. It becomes extremely monumental to control forces of demand and supply of fixed coin/tokens in a decentralized environment.
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.
Do we need to regulate crypto so that more countries will allow it?
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