Topic: Is regulation good or bad? - page 67. (Read 30867 times)

I agree that regulation will give stability to the crypto currency, but it seems to me that this will not give us something for which so many have come to the crypto-currency market, the coins will stop giving big X!

This is true. We must know what is the purpose of it before we react violently. All things are done in purpose but it depends on the purpose. With this, if we look on the purpose of a regulations and it is good for everyone then it is not bad especially if it will improve the system.

Cryptocurrencies belong to the fourth asset class!

We all know there is Stocks, Commodities & Government Currency (Fiat) these 3 markets are regulated by different regulatory firm or agencies such as Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC) and the Department of the Treasury and the Federal Reserve.

Question?

How about Cryptocurrencies? The world's trending new kind of currency which is a virtual or digital currency, can this currency be regulated? If yes what will be the effect to the crypto-world?
 
For now, there's no any single regulator, and that is leading to uncertainty and confusion. Change is hard at first, hard to accept as per according to the US SEC Chairman cryptocurrencies are not secure, it is not a security fund and it needs to follow their rules if wanted to be regulated by the agency. The present situation is not clear for cryptocurrency but I have a belief that soon this kind of currency will be regulated, people will find a way for this technology will be legalized and regulated to avoid the high tendency of being a scam victim of ICO's.

Well, if these cryptocurrencies will be regulated a huge change will happen and people will surely adopt this kind of currency as we knew people always love security especially when it comes to financial matters. If this case will happen, more mass adoption of course and the industry will boost its confidence in the market.

Nice point of view but looking at it from another dimension, it solely depends on the motive of the authorities doing the regulation. If they don't mean well for cryptocurrencies, then it's doom. We already know most of them have their crypto holdings. Well, regulations in the long run to be candid will be highly beneficial, many have been scammed, most FUDs sprout when government authorities fight back, thus affecting the market negatively. So yeah, regulations should come. I will put up a post on ETF soon.

Depends on the type of regulation offered by the government. If they are going to monitor every single transaction then obviously the person would feel threatened because his transactions are being overseen by a third party.
If you are talking about regulations like KYC checks, then I am totally in favor of it.

Regulations is very good because it has so much advantages like making people have confidence in putting their money on cryptocurrency thinking that its supported by the government and it will also help stop scam ico.

I think it'll have good effect to crypto world. At first when all governments have their own regulation on cryptocurrency then they'll be able to legalize cryptocurrency as local currency and everyone will be able to use cryptocurrency to purchase for everything like local currency.

it depends on what kind the regulation itself. and if the regulations are trying to control the cryptocurrency then the regulations is not good because we know that cryptocurrency cannot be controlled by anyone even the government cannot control the crypto. but if the regulations are created to protect the crypto user, then I think it will be good for the user because there is a law that will protect from the scamming of the exchange or the project.

Yes regulation is good because in this work if you obey the all rules and trust in this work and do this work regular and have a lot of patience in this work and after earn coins from the company and after sale the coins in the market you will get the money.

My opinion is Regulation is good. The governments must have strictly and clearly laws about cryptocurrency. It helps the government easier to manage crypto traders and prevent money laundering and corruption, criminal. It also protect our assets as well. Instead of banning crypto, the government should have cryptocurrency law.

Regulations are good in the sense that it can help prevent scams in cryptocurrency market. I think scams has halted or slowed down the growth of crypto.

Regulation will be successful only when it looks like paternal care with which a careful gardener cultivates his plants. In all other cases, it hurts development.

Yes. I agree. Regulation can help improve ICO's especially on the security side. From what I have noticed, no scammers were caught. If there is, he would not be be punished because there's not enough law on crypto. I hope that regulations will happen sooner than later. The ICO's reputation will always be at stake if we don't do something about those scammers. There are times that karma is not enough and someone needs to take action.

I think regulation will be more good for us though it will also have its bad sides. We need regulation for mass adoption of Cryptocurrency and also for the influx of new investors

No matter how positively many did not concern the regulation of the cryptocurrency, my opinion is that it will not be better for us. States will act only in their own interests, not having taken an interest in our opinion.

I think regulations will affect cryptocurrenciesand blockchains projects a lot. But nobody can know now how. Because it can affect them positive, that more people will think now they are regulated and now they are sure to invest in cryptocurrencies. Or it could be the opposite. People dont want to invest anymore because they see after the regulations the coins and projects can not pump that was as in the last past years.

With the conclusion of many here, it means many of us are in support of regulation and I think this the best time for it. Regulation doesn't mean govt will only impose their rules on us, the regulation must be all inclusive with people in the industry being among those drafting it.

what you are saying is that a problem will be solved, is it possible that if my country is crypto currency, it is forbidden to be able to conduct transactions directly

Depending on how you looked at it in. If you think I would be good. This regulation because it would very much benefit. its main benefits are included adds to the relationship.

Regulation may be good and also bad, the reason being that some governments will like to place rules that may not be favourable to investors, for instance too much of tax even higher than the profit. But the good way about it is protecting investors from scam companies. If all companies can be Government registered and verified members by government. that will help the investors too.