Is regulation good or bad? - page 39.

Redemption59

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Quote from: Adebits on September 18, 2018, 02:26:04 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?

Regulation is a good idea in the crypto industry, majority of the mass population fears entering this industry because there is no regulation. the major problem the mass population is waiting for regulation to curb it away is SCAM. People have been scammed in diverse ways and this has brought fear for them to enter this unique crypto industry. I think and know that regulation is the key to mass adoption which is very good.

Youghoor

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Quote from: Adebits on September 18, 2018, 02:26:04 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.

Regulation is simply putting the total power needed to control the day to day activities of the crypto ecosystem into the hands of one person or a group of people or an institution. This goes against the main principle and the ideology of cryptocurrency and blockchain technology. Regulating the entire crypto space is totally a bad idea.

IParn

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Watching what we want. If we want everything to control the axis and hang, then we need regulators. If it was left as it is now decentralized then not needed.

mrdeposit

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Quote from: Astvile on April 30, 2019, 02:11:03 PM

I think regulation is a must,in order to control how people use it,anyway bitcoin is still a currency that needs someone to regulate the usage of bitcoin in order to lessen illegal dids like scamming or whatso ever.Plus regulation will really help to make bitcoins price stable and lessen the volatility

If btc is accepted as a currency, maybe yes. But, it is unnecessary if regulations will only be done to reduce our earnings. On the other hand, I think this arrangement is difficult in the decentralized system.

beehimneff

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I also very much hope that the regulation for the cryptocurrency will only benefit, but there are strong doubts about this. And by the way, no one cares about your Bank account, as long as it is only a small amount of money. Wink

Impaler

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Depends on how the whole regulation thing is implemented by. In my opinion we need regulations in some areas. Cause in this market bad people and scammers are very active. And most of the time they target the new investors. For this reason many government what to implement regulations. And also the ICO area is not good. And we need some regulations there also. Cause most of thebico projects are scam. And without regulations it's hard to stop this thing. So if somecan can use this rules and regulations in a proper way then it will be great. So in some section of the whole ecosystem it is really needed.

Tosyn2

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Quote from: Adebits on September 18, 2018, 02:26:04 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?

I am also of the opinion that high regulations should be set in the crypto community. A lot of investors have fall victim of scammers ordeal which could have been avoided if adequate and sufficient regulation are put in place. If the first investment made led to being scammed, the trust might be lost right from the beginning.

JuliaJi

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from one side it is good, it will helps to fight with scam, from another side - regulations cant exist with decentralisation, cause it the main idea of cryptocurrency

Pamadar

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Quote from: nightwishx on April 30, 2019, 01:59:22 PM

Regulation is not a problem of good or bad, but how the government's partisanship in carrying out and compiling the regulation itself. I hope that in the future we will have regulations that can win win solutions, so everyone can benefit from the regulation.

That's what everyone is eyeing a win win solutions for both ends, regulations is good in order to removed every single scam inside and give some assistance with investors to lessen risk and continue a healthy trading practice, regulations should be implemented for the benefits of both the government and the crypto users.

Svarora

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The phase through which crypto market pass it must need regulation for many obvious reason. The first is it is s blog sep forwatd reward legality and acceptibility among international govt. The Second it create fear among scammers. Third it bring back the confidence of investor

Astvile

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I think regulation is a must,in order to control how people use it,anyway bitcoin is still a currency that needs someone to regulate the usage of bitcoin in order to lessen illegal dids like scamming or whatso ever.Plus regulation will really help to make bitcoins price stable and lessen the volatility

nightwishx

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Regulation is not a problem of good or bad, but how the government's partisanship in carrying out and compiling the regulation itself. I hope that in the future we will have regulations that can win win solutions, so everyone can benefit from the regulation.

teddyelwyn

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I think regulation is necessary and good to some extent. They help protect people from losing tons of money and keeps communities safe. I think companies like Ciphertrace will be super important in the space because of their AML services which people don't realize they need until it happens

trumplove

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Quote from: carbal1987 on April 30, 2019, 05:52:31 AM

in future regulation will come I think it will be good for the whole cryptocurrency market
I hope there will be fewer scams project

yes maybe that is a good thing because it will be tighter and will reduce fraud so that we can be safer and more comfortable in running their business.
regulations are sometimes good but sometimes there are also sides that are not good, depending on their needs in Cryptocurrency.

carbal1987

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in future regulation will come I think it will be good for the whole cryptocurrency market
I hope there will be fewer scams project

Johnzky

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Quote from: Adebits on September 18, 2018, 02:26:04 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?

Yeah you’re right mate because this is the only way that cryptocurrency can be adapted worldwide and if governments can have their taxes and after that their mouth will surely shutting as we all know that they are the only hindrances on how we can reached rhe top without any interruption and interference

QNaka

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Quote from: Perfect35 on January 30, 2019, 05:10:42 PM

I am just imagining if crypto cryptocurrency is regulated, will everyone be comfortable with it? Knowing fully well that regulation means centralization, which might have an effect on the original intent of cryptocurrency itself.
Perhaps, the regulation will only cater for projects, most especially ICOs and help to protect again scammers, because that is one of the main concern

if I look at regulation on a large scale, I don’t think that it is only about ICO or exchanges, I think that regulators - if they are allowed, they will go far and nothing will remain from crypto, the idea itself will be doomed. I am against such measures. My opinion is that the market itself will force out projects that do not carry value.

rachellee

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I also think that regulation would be healthy for crypto and its market since it will build the certainty and stability of crypto values. The values may not necessarily be as skyrocketed as we are expecting, but it's more stable and we can be assured of that the pump in values is true and not artificial though gradual. We'll lessen the possibility of bursting, the unhealthy effects of FUDding, and the massive and extreme volatility. Regulation, I think, is good for crypto, for the market and for its patronizers in general.

Chinsmokers

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A regulation can be a difficult,But all this aspect that you could guaranty the quality of a projects and it will reduce the potential of scam projects, and the disadvantage could be it can minimize the work in crypto.

Burogh

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COVIR.IO

Quote from: bellaayu on April 29, 2019, 08:18:27 PM

Regulations for Crypto cannot be applied directly and require processes. And this I think will be a debate among Crypto fans. But I agree with you that regulations will ultimately have a good impact on Crypto. Investors will again feel safe and they can invest in larger amounts.

Regulation can applied on exchanger or ICOs. Its because exchanger holding investor funds and i think need regulation to protect investor funds. Beside that, ICOs need regulation and its needed to reducing scam ICOs in market

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