Is regulation good or bad? - page 5.

romero121

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Quote from: DevilSlayer on October 08, 2019, 01:50:20 AM

Regulations are good, the people in my country became aware to bitcoins due to the regulations of our government. They now interested to use bitcoin to oay bills and use it to buy goods and services because of its advantages.

Regulations are good, by the same time it shouldn't be under the control of any government. It needs to be regulated and provided with legal support, and left to function independently. Right now the usage of bitcoin is preferred on very limited purposes. Only through independent functioning the market will grow higher and higher.

When bitcoin is regulated automatically more and more common people will show interest in using it. As there is more negative news about cryptocurrency and the legalities people always have a fear of using cryptocurrencies. Through regulation this fear can be taken away from common people.

DevilSlayer

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Regulations are good, the people in my country became aware to bitcoins due to the regulations of our government. They now interested to use bitcoin to oay bills and use it to buy goods and services because of its advantages.

DarkIT

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Quote from: blckhawk on October 08, 2019, 12:44:19 AM

I also agree to have set of regulations and policies for bitcoin and other altcoins and crypto projects. This will not only build trust, but also minimize scam and thefts occurences in the crypto space. Companies that would want to launch new crypto related project would need to pass regulatory board first and have signings to further ensure consumer/investors insurance when something goes out of plan.

I think some regulations have been made for now, like in my country, which makes regulations regarding cryptocurrency which says that cryptocurrency is prohibited as a transaction tool, but allowed as an investment tool. In addition, several countries also have their own regulations such as KYC on investors, and other regulations. it's just that we need better regulation that can make cryptocurrency even better.

febriyana

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Regulations is good i think for cryptocurrency.
We know crypto like bitcoin is decentralized.
So some people maybe used it as criminal. With regulations we can get some protection about fraud and money laundry.
I always believe any regulation is already studied first before taken.

blckhawk

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I also agree to have set of regulations and policies for bitcoin and other altcoins and crypto projects. This will not only build trust, but also minimize scam and thefts occurences in the crypto space. Companies that would want to launch new crypto related project would need to pass regulatory board first and have signings to further ensure consumer/investors insurance when something goes out of plan.

otto93

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Personally I do not think Regulation would be a perfect idea but if it turns out that its is been controlled by authorities then its a doom for the space. Crypto needs to be regulated in order to put the scam poachers away in the industry

asus09

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If regulation do not control price about bitcoin or altcoin I think is good effect not only for cryptocurrency but also for trader or investor in bitcoin or altcoin, when regulation want to control and manage price bitcoin and altcoin I think is bad because no one can stop how raise up bitcoin and how down of bitcoin.

cotton ball

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Regulation give goo for bitcoin price because have many people will not afraid for joining or investing money in bitcoin, many cases using bitcoin and some project want to make investment using bitcoin purchase when they out of rule we have law for report scammer because bitcoin have regulation from government.

Impaler

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It depends how it is implemented. But now in this situation of the market where this ecosystem is full of scammers we need regulations. I think it will help to stop this illegal and scammy activities in the market. Though regulations has its own problem too.

efrenbilantok

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Regulation is good in any sectors,

People will go wild if there is no regulations to be followed right? Scammers are everywhere so regulation will be a great help to fight frauds,
Regulation will be the way for the mass adoption that we are all dreaming for bitcoin and alts

pooh95

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Quote from: jarhed on October 03, 2019, 01:52:08 PM

Quote from: sapnu on October 03, 2019, 01:08:10 PM

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 makes the community more secured than before I think. Because for me it doesn't mean that we are publicizing our own way of earning but it is just taking care our rights to fraud and scam project since there are lots of people like that in here, taking advantage to others. It is somehow set of rules we need to follow so there are formality here. It is good thing for me, but still it depends on the riles and other thing we should follow it should be perfect and be beneficially good for everyone. Cryptocurrency is now popular all around the globe so if this is being done maybe it can regulate some scam projects.

Here, everyone wants to regulate the cryptocurrency market. I think that this situation will only intensify. But it is very important for me that a cryptocurrency insurance system is developed.

great idea, insurance also seems very important, say, on exchanges, or with direct investment in an ICO project, or IEO

TaliskerDarkStorm

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Both good and bad. There are two sides:

The continuation and sustainability of the regulations are important for adaptation. Some large companies are waiting for the completion of the regulations for adaptation. Because they are not quite sure how legal or illegal cryptocurrencies are. Even if they do, they want to be sure.

Secondly, the regulation of cryptocurrencies means that banks start to use blockchain technology more. The purpose of Bitcoin is actually to want to eliminate banks, ie brokers. If we give our technology to banks or giant companies, this may not be the revolution we want.

jarhed

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Quote from: sapnu on October 03, 2019, 01:08:10 PM

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 makes the community more secured than before I think. Because for me it doesn't mean that we are publicizing our own way of earning but it is just taking care our rights to fraud and scam project since there are lots of people like that in here, taking advantage to others. It is somehow set of rules we need to follow so there are formality here. It is good thing for me, but still it depends on the riles and other thing we should follow it should be perfect and be beneficially good for everyone. Cryptocurrency is now popular all around the globe so if this is being done maybe it can regulate some scam projects.

Here, everyone wants to regulate the cryptocurrency market. I think that this situation will only intensify. But it is very important for me that a cryptocurrency insurance system is developed.

sapnu

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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 makes the community more secured than before I think. Because for me it doesn't mean that we are publicizing our own way of earning but it is just taking care our rights to fraud and scam project since there are lots of people like that in here, taking advantage to others. It is somehow set of rules we need to follow so there are formality here. It is good thing for me, but still it depends on the riles and other thing we should follow it should be perfect and be beneficially good for everyone. Cryptocurrency is now popular all around the globe so if this is being done maybe it can regulate some scam projects.

Saverenergy

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Personally, I would be very happy if government had full control over the crypto industry and it became a legitimate business. Because at the moment there are too many fraudulent projects, it is now very dangerous to invest. Perhaps after regulation by the state, the volatility of coins will decrease.

Impaler

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I think its good. At this moment many countries want tonban crypto so at that point regulation is better than banning. And this market is full of scams and scammers now so I think regulation will solve this problem too.

easynote

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Quote from: aces777 on October 02, 2019, 08:31:12 AM

In entirety, I do not think that regulation in the crypto market would be bad. With some regulations, we might be able to tame these scammers on these streets, and possibly get rid of them. One of the reasons why a lot of them has thrived on these streets is because there are no regulations really, and no one to ensure that projects are thoroughly screened, before introduced to the market sphere.

You're absolutely right. These are some of the benefits of enacting regulations in the crypto sphere. Lack of regulations especially ones which will put projects on check and screen them in order to check the authenticity of the project is what has led to the survival of these fraudsters in crypto who tarnish the image of this noble technology.

It's a long process and the coins that have regulation do not care for the people holding them. That is when there is pumps and dumps that will affect the coin pricing.

plast555

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Quote from: Crypt0BHunter on October 02, 2019, 08:48:00 AM

IMHO regulation will bring the necessary maturity for the market, and it takes time

I think everything takes time even though it's a few days or weeks because no one can finish it in just one day and make it all so easy.

Yes, this is a really long process. But I'm not sure if we really need regulations. If the future of cryptocurrencies are in the hands of states, there is really no point in using cryptocurrencies. Because Bitcoin is basically a legal revolution. And it does not need permission from any country or regulatory authority to carry out this revolution.

judeafante

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Quote from: goldenstatewarriors123 on September 18, 2018, 02:54:48 AM

I agree that bitcoin or other kind of cryptocurrency should be regulated. Regulation doesn't mean that we have to give up our freedom, but instead, rules protect us from scam stuff like that.

Who would regulate, country? companies? and will the majority of investors comply with the regulation that will be laid out, there should be a consensus among investors if they agree for the regulation, it might become a new source of corruption, we have seen what happen to rating sites, but honestly I would like to make a regulation in place a kind of regulation that is free from corruption, and every bounty hunters can comply and meet investor's needs.

hashman

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Most of the people invest on crypto for high price volatile. Prices of crypto coins suddenly change mostly because of manipulations and scam news. People look sudden changes as a short way to be rich. When regulations come to the market, there will be penalties for manipulations and scams. At one telegram channel of a shitcoin, the CEO of the coin was telling people it is good price and it is time to sell 😊
By the way, regulations will reduce the risk at crypto marker. In a reduced market, gains and losses will be reduced too. So you can decide if regulations are good or bad 😊
As an investor I support regulations.

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