Is regulation good or bad? - page 4.

mulia sabee

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Quote from: Adebits on September 18, 2018, 01:26:04 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 think regulation is very good for cryptocurrency growth in each country ... because of the regulation, users will be more confident about cryptocurency ... because there are so many websites that use the name cryprocurency but in the end they only run scam websites ... so the cryptocurency looks bad .. so the regulation of cryptocurency will be more reliable ..

jets567

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Quote from: stephanirain on October 10, 2019, 03:39:39 PM

Quote from: Adebits on September 18, 2018, 01:26:04 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?

Regulating cryptocurrencies can exist if those have been scammed will file a official report about the incident. Locally speaking, there have been reports like this in my country where at least seven people have been imprisoned because of online investment scam. This could work on crypto if the projects is registered to a governing body but of course they won't be meddling with the decentralized system of the crypto. In this way, the number of scam projects could lessen without losing the features if cryptocurrency. The problem is finding which one will regulate them and secure the interest of the industry.

I do agree that we should have some regulation in crypto industry especially on the new created projects who conduct their token sale to safeguard the investors from those scammer, with this we could change the negtative views in crypto investment and attract more people to get involve.

Some countries government are taking an action and doing their own research on how to regulate crypto though it could take a lot of years but it is worth it for the sake of cleaning the system in crypto-sphere, we have a long way to go but I'm happy with current positive news about crypto regulation.

stephanirain

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Quote from: Adebits on September 18, 2018, 01:26:04 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?

Regulating cryptocurrencies can exist if those have been scammed will file a official report about the incident. Locally speaking, there have been reports like this in my country where at least seven people have been imprisoned because of online investment scam. This could work on crypto if the projects is registered to a governing body but of course they won't be meddling with the decentralized system of the crypto. In this way, the number of scam projects could lessen without losing the features if cryptocurrency. The problem is finding which one will regulate them and secure the interest of the industry.

Pinkris128

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Quote from: Adebits on September 18, 2018, 01:26:04 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?

It will depend on what kind of regulation should be adapted. The anonymity of the users and the decentralized system of crypto should stay. The main reason why there is a need of a regulation is that there are a lot of scams in the new projects that it ruins the reputation of the whole crypto industry. But the problem is that who will implement it? Different governments have their own laws but they don't act as one so it will be difficult to implement a regulation without a regulating body.

daporivera

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regulation would be great if adopted in cryptocurrency, but cryptocurrency ought to be a decentralized system. Imposing regulation in cryptocurrency would however, help reduce fraud cases of fake ico projects.

googs84

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Quote from: gaston castano on October 10, 2019, 06:44:36 AM

I think regulation has good and bad effects in my opinion, because if it is the same as using what is already there (centralized), it is the same as regulating it, while it is made for decentralized, no one regulates it and is free.
but I think the application of regulations is also good for preventing unwanted actions, but yes at least there must be appropriate rules so that these regulations can be agreed by all parties.

I dont think regulation has any positive impact for crypto users. Cryptocurrencies are meant to be used as free-from-third-party control currency and imposing regulations limit their scope. So, cryptocurrency regulations have negative impact in my view.

Btc_1856

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Quote from: Arsenyo on October 09, 2019, 05:50:56 AM

For me regulation means mass adoption, as more and more people will feel more comfortable to invest their money in crypto,and that would help the market to grow. Without regulations, and good protections from law managements, people will hesitate to use crypto currency.

Yes, regulation is not an easy job because the government needs to accept Bitcoin payment option after their fiat currency. Of course, in some countries, we have already seen the regulation, but through we might eliminate the frauds happening with the IEO's and ICO's. It will definitely help a lot of investors to protect their money from the fake IEO's and ICO's.

gaston castano

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I think regulation has good and bad effects in my opinion, because if it is the same as using what is already there (centralized), it is the same as regulating it, while it is made for decentralized, no one regulates it and is free.
but I think the application of regulations is also good for preventing unwanted actions, but yes at least there must be appropriate rules so that these regulations can be agreed by all parties.

yurekaa

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Quote from: Adebits on September 18, 2018, 01:26:04 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?

yes i agree with you i think crypto does need regulation. with the regulation, the use of crypto for crime such as illegal transactions and laundering will be reduced. because there are authorities who will give the punishment. and with the regulation can also select a scam ICO. so that crypto users will feel more secure and comfortable. maybe if there are regulations crypto users will increase. because they feel protected by regulations.

odukoyaewatomi27

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Regulations in crypto is like a coin with two sides, one is good and the other is bad. Regulations in cryptocurrency space will have it's advantages and disadvantages.
The advantages is that it will reduce scam and other fraudulent activities going on in crypto and also bring in more investors into the market
While the disadvantage is that it will alter the decentralisation of the crypto market which is the major reason for it's creation.

Arsenyo

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For me regulation means mass adoption, as more and more people will feel more comfortable to invest their money in crypto,and that would help the market to grow. Without regulations, and good protections from law managements, people will hesitate to use crypto currency.

MathGame

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I think regulating the cryptocurrency ecosystem is going to be good because only through regulations the cryptocurrency will get massive adoption. Without cryptocurrency regulations, I don't think massive adoption will come anytime soon because the governments won't allow certain crypto operations anyhow such as trading, gambling, and giving loans.

andika2018

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Quote from: CherylltheBombshell on October 08, 2019, 03:24:24 AM

Quote from: Adebits on September 18, 2018, 01:26:04 AM

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.

Of course regulation is always a great thing as it will be centralized and organized and i would say it’s good to cryptocurrency however I’m 100% sure that the organization who will regularized crypto will not let us to declare our asset. Let’s face facts, everything in the world right now has taxes and the more our earnings, the more taxes in return. Its gonna be due process as always. Dont you think?

I think when the regulation has been issued by the government and applied, then the assets in the market will be audited by the government so that investors get certainty about the projects being invested whether legit or not. One of the advantages of regulation is the reduction in projects that only seek profit from raising funds without producing a product

Patrix_1

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It all depends on your point of you and your expectations from the industry. If the most valuable thing is anonymity, then regulations is clearly a very bad thing. But if you want to free crypto space from scammers, there is no other way besides integrating hard regulations.

bright4mech

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The law of regulation on the ICO is good, and not to keep fluctuating the market, because many alt-coin has been created and more are still coming into a crypto industrial, hence the regulation we be more effective for a certain country and also prevent from scam ICOs.

CherylltheBombshell

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Quote from: Adebits on September 18, 2018, 01:26:04 AM

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.

Of course regulation is always a great thing as it will be centralized and organized and i would say it’s good to cryptocurrency however I’m 100% sure that the organization who will regularized crypto will not let us to declare our asset. Let’s face facts, everything in the world right now has taxes and the more our earnings, the more taxes in return. Its gonna be due process as always. Dont you think?

Impaler

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It depends on how it is implemented. At least regulation is better than banning things. Regulation has its own problem but still if regulation comes then many scams and illegal activities will be stop.

liuqi

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If the regulations are not upsetting the auto industry as well as giving the best regulations means it will be useful for both the parties. Unless there is no hard regulations it will be good place to invest too.

I always suggest to have regulations and accept the bitcoins as major payment mode.

jmigdlc99

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One can't simply think in terms of black and white, whether if regulation is good or bad, because it can be both. It can be good if regulation brings about greater public adoption, or it can also be bad if regulation oversteps its boundaries and defeats the purpose of having a decentralized currency.

In the end, whats important is that more people are made aware of cryptocurrency, its use, and its potential.

chuamuondaten

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Editing may be useful to prevent other people's efforts from being wasted.

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