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Topic: Is regulation good or bad? - page 11. (Read 30867 times)

member
Activity: 350
Merit: 10
July 27, 2019, 12:48:53 PM
This is a misconception that people seem to have, they think that regulations means that they have to declare all their assets and attach their identities to said assets, this is false.. I think regulation is more about curving the excesses of project developers and making sure they follow guildlines that would ensure that they deliver on their promises and not just taking part in a money grab.
If a person does not have any problems, his activity in the cryptocurrency market will be much calmer if the cryptocurrency market is under the control and protection of the state.  I think that in connection with this there will be less fraud and if somewhere such will occur, then each user in the cryptocurrency market will be able to legally protect their rights.
full member
Activity: 434
Merit: 100
July 27, 2019, 10:42:44 AM
This is a misconception that people seem to have, they think that regulations means that they have to declare all their assets and attach their identities to said assets, this is false.. I think regulation is more about curving the excesses of project developers and making sure they follow guildlines that would ensure that they deliver on their promises and not just taking part in a money grab.
copper member
Activity: 53
Merit: 0
July 27, 2019, 10:35:31 AM
That's very true I think. Many countries banned blockchain only because of they are not ready for it or they don't know how to control the bad effect of it like money laundering through crypto. If blockchain can be utilized properly it will be really useful.
member
Activity: 463
Merit: 11
July 27, 2019, 10:26:48 AM
In my view, regulation will be good for Crypto industry. As we can now see  that many Govt are looking for ways to regulate the industry.

Regulation will be a good thing in the long run. It will build trust for the industry among the masses thereby resulting in mass adoption. With regulation, people will feel more comfortable and have a sense of security to invest in crypto.

I don't believe that regulation means we have to declare our portfolio. Just as nobody cares to know exactly how much you own in the bank.

Regulation will also help in curbing the possibility of using crypto to launder money and place a check and balance in ICO which will make it very difficult for scam ICOs to operate.

I say regulation will in the end be a good thing for crypto..

What's your view about it?


Regulations are perfectly okay. There is a popular saying that where there is no law, there is no sin. Regulations are instrumental in helping to put things in the right perspectives on the crypto space
sr. member
Activity: 1270
Merit: 254
Oikos.cash | Decentralized Finance on Tron
July 27, 2019, 09:57:32 AM
If the world and most government who dont want cryptocurrency now will adapt the crypto with regualtion and merchants will start to accept it then it is good.
But if the regulation will just focus on the identity of the wallet owners and all the KYC in this world then its not good!
they will not be able to regulate only one area which is beneficial for them and not beneficial for us. the government will have to take into account all aspects of this market and I think that in general, it will be very useful to our market
member
Activity: 483
Merit: 10
terra-credit.com
July 27, 2019, 09:35:25 AM
regulation is good for retail traders like us and bad for manipulator and whales  Grin, without regulations scams will increase and trading environment will be ruined
precisely with the existence of regulation, I am afraid that there will be manipulation from certain people who have policies to enforce regulation. this will definitely happen because the crypto industry is very profitable for people who understand investment.
hero member
Activity: 1666
Merit: 453
July 27, 2019, 09:35:14 AM
If the world and most government who dont want cryptocurrency now will adapt the crypto with regualtion and merchants will start to accept it then it is good.
But if the regulation will just focus on the identity of the wallet owners and all the KYC in this world then its not good!
full member
Activity: 1400
Merit: 103
July 27, 2019, 05:12:08 AM
To be honest, I do not see any particular advantages from the regulation of the crypto industry. If the regulation is implemented everywhere in the crypto space, this will mean that the essence itself (the one that Satoshi Nakamoto laid in it) is lost. We will get the same economy only in a new plane.
it will indeed happen, the role of a stronger government or industry will control this industry. crypto should be like this, but in the use of the real world, clear regulation is also important. there are good and bad things that we will face if regulations are implemented. we as users, will support the best for us.
Totally disagree. If you think that regulation is a plus for the development of the crypto industry, then give arguments in its favor.
member
Activity: 118
Merit: 10
July 27, 2019, 04:54:47 AM
it will indeed happen, the role of a stronger government or industry will control this industry. crypto should be like this, but in the use of the real world, clear regulation is also important. there are good and bad things that we will face if regulations are implemented. we as users, will support the best for us.
There are advantages and disadvantages of regulations. Bitcoin born as way to get out of control of governments and regulations. So, regulations are threats of bitcoin in particular, and of crypto currencies in general. Now, let's look at advantages. Regulations help governments better trace flow of money, and better to control, investigate scammes, scam exchanges. This way, I think is good for crypto investors and for reputation of crypto industry.
full member
Activity: 941
Merit: 100
July 26, 2019, 12:07:52 PM
To be honest, I do not see any particular advantages from the regulation of the crypto industry. If the regulation is implemented everywhere in the crypto space, this will mean that the essence itself (the one that Satoshi Nakamoto laid in it) is lost. We will get the same economy only in a new plane.
it will indeed happen, the role of a stronger government or industry will control this industry. crypto should be like this, but in the use of the real world, clear regulation is also important. there are good and bad things that we will face if regulations are implemented. we as users, will support the best for us.
full member
Activity: 1400
Merit: 103
July 26, 2019, 11:49:42 AM
To be honest, I do not see any particular advantages from the regulation of the crypto industry. If the regulation is implemented everywhere in the crypto space, this will mean that the essence itself (the one that Satoshi Nakamoto laid in it) is lost. We will get the same economy only in a new plane.
full member
Activity: 312
Merit: 100
July 26, 2019, 11:02:03 AM
it would be great if there were clear regulations for crypto. at least there is no regulation for ICO companies, it will reduce scammers. but I am sure that if there is a regulation this will require very long adjustments for all users and investors.
sr. member
Activity: 567
Merit: 270
July 26, 2019, 09:38:18 AM
To be honest, saying that regulation can curb criminal activities is stretching it a bit too far, the US dollar is highly regulated but people still find says to launder it and use it for criminal activities, talk more if Cryptocurrencies which is anonymous.

Cryptocurrencies has gotten this far without regulation and it's still doing so well, I think we shouldn't change what works.
member
Activity: 118
Merit: 10
July 26, 2019, 09:08:28 AM
I agree with you to focus more on increasing shared comfort, especially by eliminating fraudsters because they will have a positive impact in the future. The revolution will continue from time to time to correct all shortcomings in the past and Crypto itself has been very extensive in the exchange and mining of several countries. We can only hope for the best for the future of Cryptocurrency.
Regulations are essential to keep society moving on the right tracks, and it is right for any aspect in our lives and our society, in any nations globally. Crypto currencies and crypto market are not expceptions, and should be regulated by local law makers and governments. Crypto currencies bring convenience to crypto users, but regulations are mandatory to keep the industry growing transparently, healthy, and sustainable.
sr. member
Activity: 1330
Merit: 289
July 25, 2019, 05:05:30 PM
Regulation has its advantages and disadvantages. Looking at the bad aspects, it will make crypto deviate to an extent from the original motive of decentralization especially Bitcoin. Secondly, the government will have control to an extent if regulations come. Looking at the good aspect, it will reduce some token sale fraud and also fast track  actualization of mainstream adoption.
member
Activity: 566
Merit: 10
July 25, 2019, 04:53:03 PM
In my view, regulation will be good for Crypto industry. As we can now see  that many Govt are looking for ways to regulate the industry.

Regulation will be a good thing in the long run. It will build trust for the industry among the masses thereby resulting in mass adoption. With regulation, people will feel more comfortable and have a sense of security to invest in crypto.

I don't believe that regulation means we have to declare our portfolio. Just as nobody cares to know exactly how much you own in the bank.

Regulation will also help in curbing the possibility of using crypto to launder money and place a check and balance in ICO which will make it very difficult for scam ICOs to operate.

I say regulation will in the end be a good thing for crypto..

What's your view about it?
I also subscribe to the school of thought that regulations are good and I personally believe that we actually need now in the crypto space. A lot of projects are being introduced on a daily basis of which majority are just out there to exploit the nativity of investors without any developmental goals. We really need a change through the introduction of regulations
member
Activity: 426
Merit: 10
July 21, 2019, 01:01:59 PM
Regulators are definitely a good thing, because when they come, a lot of people will be interested in cryptocurrency and start investing in it
10c
full member
Activity: 658
Merit: 100
BuyAnyLight - Blockchain LED Marketplace
July 21, 2019, 07:48:39 AM
Thare are different opinions on this topic, but to my opinion regulation will bring new investors and then crypto to be pumped. As long as most of crypto users are waiting for this pump, so regulation is definitely good idea. But for dark web regulation is bad. Imagine if major exchanges will have to delist monero and dash
We should not be interested in how this will affect on the darknet. we are people who want cryptocurrency to help the development of society and that's why regulation is necessary for this market
full member
Activity: 671
Merit: 103
Moni
July 19, 2019, 06:35:48 PM
Thare are different opinions on this topic, but to my opinion regulation will bring new investors and then crypto to be pumped. As long as most of crypto users are waiting for this pump, so regulation is definitely good idea. But for dark web regulation is bad. Imagine if major exchanges will have to delist monero and dash
sr. member
Activity: 1274
Merit: 260
1A6nybMUHYKS6E6Z3eJFm4KpVDdev8BAJL
July 19, 2019, 05:43:38 PM
The adoption of cryptocurrencies has to surely come with some sort of regulation to get rid of all the scams that are circulating and making people lose their funds. This would go a long way to improve the security, trust and solidarity that people would have in the cryptosphere and its activities.
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