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Topic: Is regulation good or bad? - page 60. (Read 30843 times)

member
Activity: 588
Merit: 28
December 17, 2018, 12:01:47 PM
The regulation is certainly good, the scammers are already fed up.

So many people lost their money in 2018.

Deposits decreased 20 times and more, did investors expect such a thing?

You need to create a reserve fund or union, where the team transfers 10% of the fees. To reduce the risks of investors who invest.
hero member
Activity: 1498
Merit: 586
December 17, 2018, 08:43:37 AM
In my opinion, the existence of regulation is actually quite good because with so many people who can obey the existing rules and also it is not easy for people to be able to do fraud schemes
For me, regulation in crypto is good but if there's have a regulation then possible the value of each crypto are not going to rise because they control it. Regulation is good so that many people will obey to those rules especially now that many scam crypto came out. But I think they allow regulation in crypto then surely scam crypto will be lessen.
sr. member
Activity: 854
Merit: 250
December 17, 2018, 08:17:26 AM
In my opinion, the existence of regulation is actually quite good because with so many people who can obey the existing rules and also it is not easy for people to be able to do fraud schemes
jr. member
Activity: 350
Merit: 1
December 17, 2018, 08:14:04 AM
Regulation is good because it's help us to avoid scam projects. Cryptocurrency is the market that has most scammers, they're finding all ways to steal our money, we need regulation to stop this situation. Regulation also makes more and more people believe in cryptocurrency and invest in it.
full member
Activity: 658
Merit: 102
December 17, 2018, 08:10:45 AM
I think it depend on the kind of regulation that a government want to impose. If the regulation is strict, investors and users of cryptocurrency can't use the coin without government approval. All transactions are subject to the regulation being implemented and owning a cryptocurrency is not easy. Crypto-friendly regulation will make it easier to buy, sell and trade bitcoins and many merchants will use it as one of their payment options.
member
Activity: 420
Merit: 10
December 17, 2018, 07:27:30 AM
Regulation needed in this step of developing of cryptocurrencies.
Too many scammers there, need kick him from the game.
copper member
Activity: 166
Merit: 1
December 17, 2018, 07:19:54 AM
Rule and regulation is the control of misused anything for the society. Here we are discussed about crypto regulation is bad or good. I think regulation is good for every investors its increase  the believe and acebility  in crypto.if regulation is done on the world level then it may be  some of new investors trust easily for investment. 
 
newbie
Activity: 52
Merit: 0
December 17, 2018, 07:05:55 AM
Regulation will be good in a way that it will result to mass adoption and a simple man will feel more comfortable to learn about it and finally start using it. However, BTC will probably lose part of its supporters that are using it exactly because of its anonymity feature and the possibility not to depend on the government and all standard money flows.
member
Activity: 639
Merit: 18
December 17, 2018, 07:04:41 AM
Right. I agree with you. Cryptocurrency regulation is a good thing the government does. Because of the regulation. The government can control if there are parties who want to do money laundering.
member
Activity: 546
Merit: 13
December 17, 2018, 06:57:20 AM
I think the right regulation will be good for us and the whole market as well. There are a lot of scam projects, so we need the protection.
jr. member
Activity: 406
Merit: 1
December 17, 2018, 06:54:15 AM
Regulation only in words looks like salvation in the world of cryptocurrencies, but in fact, how it will be in reality is not clear, maybe even things are not as positive as we would like!
full member
Activity: 770
Merit: 102
Matrix Built On An Ethereum Smart Contract
December 17, 2018, 06:34:56 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 some regulation at this point is going to be inevitable, or at least the attempt to regulate. There will never be foolproof regulation because even if they manage to force every exchange to do KYC/AML there is nothing that prevents people from doing trades privately. They may end up creating two parallel markets of regulated exchanges and registered coins and another of black markets and unauthorized coins. My hope is they realise their limitations and just try to regulate the on ramps and off ramps. 
full member
Activity: 546
Merit: 100
December 17, 2018, 06:12:01 AM
yes, the regulation will be a good thing for crypyocurrency in the long run, especially with ICO, now there are a lot of ICOs are scam and we do not have any of regulations about ICO , many scammers took advantage  of that to steal  money of investors. I think the goverments should have solution for this.
member
Activity: 280
Merit: 11
December 17, 2018, 04:40:52 AM
With the situation of the market now which is associated with too many scam projects and ICO,i think regulation is one thing that may help now,it will make investors to be safe.
jr. member
Activity: 126
Merit: 2
December 17, 2018, 04:15:02 AM
At this point in time,regulations may not be a bad idea,in fact we need it now if things will change in crypto space.Though some are seriously against the regulations but most of them are those taking advantage of the absence of regulation to make themselves rich at the expense of us.It is better to have it regulated so that everything can be in order.
jr. member
Activity: 276
Merit: 1
December 17, 2018, 03:55:43 AM
I also think the same as you. Regulations are the need of the hour at this point of time when speculations and scams are taking over. The market is highly speculated, putting the investors ultimately at risk. Likewise, scam projects are also fleecing potential investors and bounty hunters. So to stem such bad practice and make cryptocurrency stable and reliable, regulations should be strictly in place.
newbie
Activity: 69
Merit: 0
December 17, 2018, 01:54:33 AM
regulation is very much needed so that more people believe in crypto, because there are some people who are interested in crypto but because regulation is not made and finally he also does not believe in crypto, this is very unfortunate.
you're right, but that depends on the type of regulation that will be made. if it's profitable for crypto users, of course we will support it, but if not, I think the response from crypto users will be different. well, but hopefully the regulation will really be a good thing when it's made.
if it will make a positive for many people, many will agree and support it, but if you only make negative things, people will ignore them. Crypto is currently not in good condition and doesn't know what is causing it and hopefully it will get better. regulation may be needed if it's good and can make it better.
newbie
Activity: 28
Merit: 1
December 17, 2018, 01:54:19 AM
It would depend what is purpose and function .For example is the rules design to protect consumer from fly by night ICO operator or just to check your undeclared personal income
full member
Activity: 658
Merit: 100
December 17, 2018, 01:49:10 AM
Regulation is not good for self governing capacity of cryptocurrency,  the emergence of ICO is what made people to be yarning for regulation. As soon as regulators move in,  they will make demands and halt development of decentralized processes!
legendary
Activity: 2492
Merit: 1001
Leading Crypto Sports Betting & Casino Platform
December 17, 2018, 01:41:58 AM
regulation is very much needed so that more people believe in crypto, because there are some people who are interested in crypto but because regulation is not made and finally he also does not believe in crypto, this is very unfortunate.
you're right, but that depends on the type of regulation that will be made. if it's profitable for crypto users, of course we will support it, but if not, I think the response from crypto users will be different. well, but hopefully the regulation will really be a good thing when it's made.
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