Is regulation good or bad? - page 7.

Ureung jameun

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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 very good for world cryptocurency growth, but there is no influence for those of us who have trusted the cryptocurency despite the absence of regulation in our country of residence, because for me the cryptocurency is able to give us greater profits than the country that provides these benefits, then no important the regulation was held.

Bitcoin+Fi

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Quote from: Kemangi on September 14, 2019, 01:56:25 PM

regulation might be a good way for the world of cryptoqurrency, but it depends on how the government in your country assesses this industry? the problem is that not all countries agree with the existence of the cryptoqurrency world and they are still debating with crypto.

But those countries that are ready to work with the cryptocurrency, I think, should do something and do not wait for other countries, the cryptocurrency has been in place for 3 years and we can say it is not developing

Jolly.Roger

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Regulations should protect customers against scams or unfair practices.
But where is the reality? Thanks to regulations customers and retailers are forced to take unnecessary steps that hamper the development of the cryptocurrency sector.

everything happens just like this because regulators cannot insure us against some scam and therefore they take various measures.

The main purpose of regulation is to force to pay taxes and control the industry. First think will hit ordinary people, not crooks.

Kemangi

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regulation might be a good way for the world of cryptoqurrency, but it depends on how the government in your country assesses this industry? the problem is that not all countries agree with the existence of the cryptoqurrency world and they are still debating with crypto.

Viceroy

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A point to argue, I guess. First we have to come to terms with crypto itself, don’t you think? Kind of, do we trust it enough?

light22man

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I think regulation can be good for cryptocurrency when we will have some rules and insurance more people will start using cryptocurrency in their day life

TastyChillySauce00

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Quote from: htsy585 on September 11, 2019, 07:58:57 PM

Quote from: Mila52 on September 11, 2019, 02:17:19 PM

Quote from: Hans Groober on September 01, 2019, 06:50:56 PM

While we are discussing here whether the cryptocurrency market regulation is good or not, many countries have already been regulated. First of all, I’m talking about how many exchanges, in favor of the SEC, prohibit participation in IEO for citizens of those countries that are on the US sanctions list. I think this is not what Satoshi Nakamoto wanted when he created the first crypto coin.

The FATF (Financial Anti-Money Laundering Measures Development Group) has already submitted the final version of the guidelines for the cryptocurrency market. At the G20 summit, these provisions were supported. Many centralized exchanges have already accepted them. But I think this is a futile idea, because there are decentralized exchanges and the cryptocurrency market well go into the “gray” P2P selling zone and mixing services

This is going well as expected. There's are several gray areas in cryptocurrency that has to be addressed in other to have a proper adoption. That is why Coinbase is more acceptable to operate in the US market because its open to regulators. I support regulation for cryptocurrency and we all should too. It won't devalue the blockchain or the tradable assets

The regulation will definitely help to assure the users that they are not going to get a rough time dealing with unnecessary things that are caused by the lack of regulation but most of people seeing it as a bad things.
Although there's decentralized exchange that could possibly be used for fighting the enforced regulation but you just see those DeX are not really popular and lacking the volume. Even I heard there's a dex exchange that requires KYC aswell, that's just plain ridiculous.
I also actually agree that the regulation won't devalue the cryptos but it's like exchanging a little bit of freedom for your safety.

htsy585

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Quote from: Mila52 on September 11, 2019, 02:17:19 PM

Quote from: Hans Groober on September 01, 2019, 06:50:56 PM

While we are discussing here whether the cryptocurrency market regulation is good or not, many countries have already been regulated. First of all, I’m talking about how many exchanges, in favor of the SEC, prohibit participation in IEO for citizens of those countries that are on the US sanctions list. I think this is not what Satoshi Nakamoto wanted when he created the first crypto coin.

The FATF (Financial Anti-Money Laundering Measures Development Group) has already submitted the final version of the guidelines for the cryptocurrency market. At the G20 summit, these provisions were supported. Many centralized exchanges have already accepted them. But I think this is a futile idea, because there are decentralized exchanges and the cryptocurrency market well go into the “gray” P2P selling zone and mixing services

This is going well as expected. There's are several gray areas in cryptocurrency that has to be addressed in other to have a proper adoption. That is why Coinbase is more acceptable to operate in the US market because its open to regulators. I support regulation for cryptocurrency and we all should too. It won't devalue the blockchain or the tradable assets

lousie9

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Quote from: MMA Rats on September 11, 2019, 02:01:37 PM

Quote from: tunapa on September 11, 2019, 01:37:59 PM

Now everyone knows we need regulation ! We need some rules to keep us amen guide from scammers and people who feel to just use us ! I just hope on the long run or future time the rules don’t keep changing and take away our freedom !

Cryptocurrency fraud is difficult to fight because almost all scammers try to hide themselves and they manage to do so because the cryptocurrency is anonymous

There is no doubt that scammers are very detrimental to us all, especially beginners who still do not know much about Crypto trading, for me there is no particular word because everything is unpredictable and as much as possible I try my best when trading to calculate capital well. As we know that there is nothing instant here, so don't be greedy and keep learning from mistakes.

prof7bit

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Quote from: Mila52 on September 11, 2019, 02:17:19 PM

Quote from: Hans Groober on September 01, 2019, 06:50:56 PM

While we are discussing here whether the cryptocurrency market regulation is good or not, many countries have already been regulated. First of all, I’m talking about how many exchanges, in favor of the SEC, prohibit participation in IEO for citizens of those countries that are on the US sanctions list. I think this is not what Satoshi Nakamoto wanted when he created the first crypto coin.

The FATF (Financial Anti-Money Laundering Measures Development Group) has already submitted the final version of the guidelines for the cryptocurrency market. At the G20 summit, these provisions were supported. Many centralized exchanges have already accepted them. But I think this is a futile idea, because there are decentralized exchanges and the cryptocurrency market well go into the “gray” P2P selling zone and mixing services

Sooner or later, 99% of all addresses on the planet will be connected. This is simply a matter of time, and even decentralizing the exchange will not protect the owners of the currency from recognizing them.

Mila52

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Quote from: Hans Groober on September 01, 2019, 06:50:56 PM

While we are discussing here whether the cryptocurrency market regulation is good or not, many countries have already been regulated. First of all, I’m talking about how many exchanges, in favor of the SEC, prohibit participation in IEO for citizens of those countries that are on the US sanctions list. I think this is not what Satoshi Nakamoto wanted when he created the first crypto coin.

The FATF (Financial Anti-Money Laundering Measures Development Group) has already submitted the final version of the guidelines for the cryptocurrency market. At the G20 summit, these provisions were supported. Many centralized exchanges have already accepted them. But I think this is a futile idea, because there are decentralized exchanges and the cryptocurrency market well go into the “gray” P2P selling zone and mixing services

MMA Rats

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Quote from: tunapa on September 11, 2019, 01:37:59 PM

Now everyone knows we need regulation ! We need some rules to keep us amen guide from scammers and people who feel to just use us ! I just hope on the long run or future time the rules don’t keep changing and take away our freedom !

Cryptocurrency fraud is difficult to fight because almost all scammers try to hide themselves and they manage to do so because the cryptocurrency is anonymous

tunapa

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Now everyone knows we need regulation ! We need some rules to keep us amen guide from scammers and people who feel to just use us ! I just hope on the long run or future time the rules don’t keep changing and take away our freedom !

Bitcoin+Fi

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I often express my thoughts about regulators, but now I have realized that it makes very little sense, because we do not know what regulators will be or whether they will be introduced into the cryptocurrency at all

OliviaS

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Quote from: DU18 on September 09, 2019, 02:12:51 PM

In some developing countries, crypto has become one of the new alternatives for people who want to invest, so to prevent the abuse of crypto, of course, the government of a country must really make regulations that regulate the use of cryptocurrency in the country so that with these regulations can prevent bad things like be a money laundering tool.

The scam projects are very tired of everyone, and no one is afraid of regulation from the authorities as such. Perhaps, on the contrary, the majority expects some certainty and regulation from the global financial community.

DU18

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In some developing countries, crypto has become one of the new alternatives for people who want to invest, so to prevent the abuse of crypto, of course, the government of a country must really make regulations that regulate the use of cryptocurrency in the country so that with these regulations can prevent bad things like be a money laundering tool.

X-avier

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I personally don’t think so, but this is inevitable to my regret. Regulators together with banks will create their own coins and present them as cryptocurrencies, but they will have nothing in common. It will be the same bubble that we see with you now regarding the US dollar, only in the future there will be digital dollars. My advice to you all, buy Bitcoin is the only cryptocurrency independent of anyone and it will be very expensive in the future.

Impaler

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Most of the cases regulations are good as my opinion. I think its better than banning crypto. Cause many country started to banning crypto which is not good better give some regulatory body is more useful. This market is full of scams so if regulation came to the market then the percentage of scam will be reduced. But regulations have its own problem. The main base of the crypto is decentralization and kepping things anonymously and regulations will broke this things.

10c

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Quote from: Brunus on September 08, 2019, 04:37:32 PM

Whenever you put a rule, what you really do is limit the degree of freedom of the individual.
Sometimes it can be good, but in most cases scammers find new ways to cheat the naive, and honest traders waste time and work trying to respect the rules.

honest traders are making good money because they are careful and do not fall for the tricks of scammers. we all need to become better traders

Brunus

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Whenever you put a rule, what you really do is limit the degree of freedom of the individual.
Sometimes it can be good, but in most cases scammers find new ways to cheat the naive, and honest traders waste time and work trying to respect the rules.

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