Topic: Is regulation good or bad? - page 18. (Read 30867 times)
We cannot unequivocally express our position on regulation, due to the fact that it does not exist, in the full format in which it should be.
I'm only scared that regulation will make crypto look centralized, that trustless attribute will be lost. If every crypto enthusiasts gets a sound education about crypto and its ecosystem and stop being greedy, these scams happening every now and then will be reduced.
It will depend on the regulation that will be implemented but for me!!
Regulation is really a need for the cryptocurrency as this will open the door for acceptance of many countries and their local merchants.
Regulation is really a need for the cryptocurrency as this will open the door for acceptance of many countries and their local merchants.
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?
regulation is truly and absolutely good for the crypto industry. many out there are just not ready to join the crypto industry because of lack of regulation due to the fact that they do not feel comfortable investing ICO projects that might turn out to be scam. Regulation is what can lead crypto to mass adoption. 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?
Everybody decides for themselves bad or good, personally my opinion that regulators wouldn't hurt the cryptocurrency in its development and further
No regulations bad for anything. Cryptocurrency regulations will help to funds rise by increasing trust worthy. But this government regulations can't help from money laundering, only government can get tax.
Government regulation may influence the price of Bitcoin and Altcoins. I think that we still need government regulation. In my view, I absolutely agree that crypto should be regulated. It will be more secure to the people in this industry. Also with regulation, crypto will be more well organized and minimize the risk of scams.
Don't be fooled by the bullshit spouted by regulators.
Regulation is not the solution. There are still scams in the regulated fnancial sector. For example boiler room fraud, misspelling The worlds greatest fraud in history -The madoff scam occurred within the regulated financial industry. Also the US SEC even enabled Madoff's fraud and illegal ponzi schemes. by ignoring and shutting down Henry Markoupolous.
Regulation only protects dominant incumbents by placing barriers to entry from much nimbler upstarts.
Don't be fooled. Regulation is just mission creep by the banking establishment to undermine the growth of the crypto industry through the imposition of excessive compliance requirements. Since the imposition of KYC/AML and investor restriction regulations on crypto businesses and ICO's has contributed to the recent crypto slowdown. Remember the growth of crypto occurred largely in an unregulated market. It recent prominence is attributable to the wisdom of the crowd, not because paternalistic government.
The large to big to fail institutions operate in a state of anarchy, with regulators turning a blind eye to large banks engaged in, laundering drug money facilitating terrorist financing (HSBC, Danske bank) LIBOR fixing, racist redlining, selling of toxic derivatives that contributed to the 08 financial crisis and IPO market manipulation (recent UBER IPO). Every industry has corrupt individual no amount of regulation can change it. A free market is more effective with dealing with inefficient corrupt organizations because of increasing competition and expanded consumer choice.
Regulations will be much needed to curb decimate cryptocurrency scams but then it comes with its own bargage which implies that security and obscurity of users financial data will be revealed and open to scrutiny and then its defeats the purpose of cryptocurrency which is centered majorly on decentralization
Isn't by submitting KYC to the popular exchanges in order to gain access to their crypto services and to join IEO is already revealing your financial data since they can monitor basically all your crypto transaction? They can also know the total amounts of money cashed out to your ATM so if there's regulation it wont harm.
In my view, I absolutely agree that crypto should be regulated. It will be more secure to the people in this industry. Also with regulation, crypto will be more well organized and minimize the risk of scams.
DONT BE FOOLED.
Regulation or crypto is a pretense used by regulators to undermine the development of crypto. Regulators have adopted an unreaonable heavy handed approach by focing crypto businesses to adopt the same KYC/AML standards as large banks or money transfer operators that process million - trillions worth of transactions. In the area of ICO's regulators are implementing legislation to force ico issuers to abide by the same highly complex compliance standards applicable to large companies undertaking an ipo. The approach taken tdoes not make sense considering large banks such as hsbc or danske bank are at the center of most cases of money laudering.
Regulators are in the pocket of the Banking industry. Ask yourself how much times regulators have gone after major financial institutions such as Goldman Sachs or JPM. Most actions are settled with a small fee. The regulators NEVER impose serious sanctions such as industry bans, or refferal to criminal prosecutors.b
The regulators are in the pocket of the large banks and are keen to prevent crypto from threatning the bottom line of the banks they serve.
The banking establishment is beginning to become aware of the threat of crypto.
REGULATORS ARE THE ENEMY OF CRYPTO.
As crypto gains more traction as a monetary asset it is likely that there will be considerable backlash by central banks who will coerce government to severely limit access to crypto by the likes of retail persons. The arguments used to justify such legislation will most likly be based on bullshit excuses such as investor protection, or the prevention of money laundering.
There are already initiatives in the US to ban crypto. Also, has expressed considerable reservations about the power of crypto to undermine central banks. To put it simply, regulators will try and destroy or severely restrict access to any crypto asset that becomes popular enough to threaten the power of major fiat currencies. Remember, from 1933-1975 the US government banned private gold ownership to prop up the federal reserve and to establish its monetary monopoly. The same thing will happen in the future.
Its beginning now. See below for evidence.
https://www.forbes.com/sites/billybambrough/2019/05/15/a-u-s-congressman-is-so-scared-of-bitcoin-and-crypto-he-wants-it-banned/
The EU's anti money laundering regulations 2017 require all eu based wallet providers to identify wallet holders. This is because governments want to iidentify crypto holders especially large crypto holders. The EU is implementing the legislative infrastructure for a mass seizure if the bnking establishment decide that crypto must be banned in order to protect their monetary monopoly.
There are efforts in the US to ban crypto in order to protect the federal reserve and by extension the private banks that own the federal reserve. Once the legislation passes you expect the us to threaten sanctions against any country that does not either ban or severely limit any crypto asset that threatens the federal reserve.
A mass seizure is on the cards just like in 33.
For solutions to protect your crypto assets against the oncoming clampdown
https://bitcointalk.org/index.php?topic=5159944.new#new
Regulation or crypto is a pretense used by regulators to undermine the development of crypto. Regulators have adopted an unreaonable heavy handed approach by focing crypto businesses to adopt the same KYC/AML standards as large banks or money transfer operators that process million - trillions worth of transactions. In the area of ICO's regulators are implementing legislation to force ico issuers to abide by the same highly complex compliance standards applicable to large companies undertaking an ipo. The approach taken tdoes not make sense considering large banks such as hsbc or danske bank are at the center of most cases of money laudering.
Regulators are in the pocket of the Banking industry. Ask yourself how much times regulators have gone after major financial institutions such as Goldman Sachs or JPM. Most actions are settled with a small fee. The regulators NEVER impose serious sanctions such as industry bans, or refferal to criminal prosecutors.b
The regulators are in the pocket of the large banks and are keen to prevent crypto from threatning the bottom line of the banks they serve.
The banking establishment is beginning to become aware of the threat of crypto.
REGULATORS ARE THE ENEMY OF CRYPTO.
As crypto gains more traction as a monetary asset it is likely that there will be considerable backlash by central banks who will coerce government to severely limit access to crypto by the likes of retail persons. The arguments used to justify such legislation will most likly be based on bullshit excuses such as investor protection, or the prevention of money laundering.
There are already initiatives in the US to ban crypto. Also, has expressed considerable reservations about the power of crypto to undermine central banks. To put it simply, regulators will try and destroy or severely restrict access to any crypto asset that becomes popular enough to threaten the power of major fiat currencies. Remember, from 1933-1975 the US government banned private gold ownership to prop up the federal reserve and to establish its monetary monopoly. The same thing will happen in the future.
Its beginning now. See below for evidence.
https://www.forbes.com/sites/billybambrough/2019/05/15/a-u-s-congressman-is-so-scared-of-bitcoin-and-crypto-he-wants-it-banned/
The EU's anti money laundering regulations 2017 require all eu based wallet providers to identify wallet holders. This is because governments want to iidentify crypto holders especially large crypto holders. The EU is implementing the legislative infrastructure for a mass seizure if the bnking establishment decide that crypto must be banned in order to protect their monetary monopoly.
There are efforts in the US to ban crypto in order to protect the federal reserve and by extension the private banks that own the federal reserve. Once the legislation passes you expect the us to threaten sanctions against any country that does not either ban or severely limit any crypto asset that threatens the federal reserve.
A mass seizure is on the cards just like in 33.
For solutions to protect your crypto assets against the oncoming clampdown
https://bitcointalk.org/index.php?topic=5159944.new#new
The only problem with regulation is that some certain set people will be in control over others. using that as an advantage to make decisions that might favour or enrich themselves. apart from that, there is nothing bad with regulation.
This is a major problem because it opens the whole system to corruption. When there's no regulation all things can happen but you are aware of it and cautious. When things are regulated you think that nothing can happen but things are happening without you knowing and being ready. It looks confusing but think about it for a moment and you'll see the point.
Bad for short term, good for long term. We need regulations to become legit, but regulations are limiting cryptocurrency´s potentional and use. 
Yup, I definitely agree on your statement here. Because in short term for sure cryptocurrency cannot show its full potential and not alll the ability of it can be showed but when they observe it on a long term for sure they will be ending up investing in it and using it for their transactions online. This is the right procedure to become legitimate to be tested by the government and I guess no one can change that. 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?
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?
There is a popular saying that where there is no law, there is no sin. I believe that if there are regulations guiding what we do in cryptocurrency as well as our limits and boundary, cryptocurrency will become more difficult a platform for anyone to launder money or do things that are not right. So, I strongly stand with the institution of a regulation. What can be better than that in this community of different individuals from different works of life?
Regulations will be much needed to curb decimate cryptocurrency scams but then it comes with its own bargage which implies that security and obscurity of users financial data will be revealed and open to scrutiny and then its defeats the purpose of cryptocurrency which is centered majorly on decentralization
I now wonder what the politicians came up with at the G20 summit. It seems like there was a question about the regulation of the entire cryptocurrency. The authorities want to crush this service with their regulators.
I doubt the power of the G20 countries will be able to change the rule of the crypto industry. The attention will flow towards the latest financial technology but regulation is not going to give that countries what they are looking for.
The only problem with regulation is that some certain set people will be in control over others. using that as an advantage to make decisions that might favour or enrich themselves. apart from that, there is nothing bad with regulation.
To an extent it's good, keeps record of everyone's activity and serves as a check on them. If crypto was regulated, many of the criminalities like hacking of exchanges would have been curtailed a bit.
I concur with your opinion, regulation will be good talking about driving towards mainstream adoption, but regulations will also come with certain drawbacks. As opposed to decentralized platforms in crypto space, regulations will come with some retarding factors preventing full decentralisation. Well, it will help a great deal since it will tackle insecurity to a great extent. Whether we like it or not, regulations are creeping in gradually since more and more centralized bodies are picking interest in crypto.
For me regulation is something tricky. For some people it is good, for example for funds, because with legislation they can invest in crypto according to law. And for dark market regulation is bad
I think that sooner or later the sphere of cryptocurrencies will have to work according to certain rules. I agree that the lack of rules and a lot of scams do not make this area attractive to many potential investors.
if the objectives and intentions of the regulation are good and the outcome is likely to be good because maybe with regulation it can make investors feel safe and comfortable in investing and surely regulation will be good and needed by investors Jump to: