At the moment, due to so many scams everywhere in the Cryptoworld, I think regulations will be good thing.
But the actual be impact can only be known when it will be applied.
Topic: Is regulation good or bad? - page 9. (Read 30843 times)
Any regulation contradicts the canons of cryptocurrency. Therefore, it is bad, but if you look at the other side, who should act as a guarantor for investors. At least some project with a similar smart contract.
I think regulations will have it's advantages and disadvantages. The advantages would be that it would help curb the illegal activities taking place in crypto space
And the disadvantages is that crypto won't be fully decentralized again.
And the disadvantages is that crypto won't be fully decentralized again.
Regulation is good to keep projects and fraudulent activities under check. Regulation will stabilized market volatility, pumps and dumps will be reduced to the barest minimum.
I agree if regulations exist to regulate ICO or IEO. There are regulations to reduce the level of money theft and so on. It is possible that with the regulation, ICO is in demand by investors again.
Regulation is good as long as the cryptocurrency users are not needlessly harassed. There are some countries which want the cryptocurrency users to give details of all the transactions they made in the tax returns. Can you imagine how much paper work and effort will be needed for that, if some cryptocurrency trader files his tax return?
The authorities should treat crypto just like any other asset. They should not demonize it.
The authorities should treat crypto just like any other asset. They should not demonize it.
I agree with you. Largely, cryptocurrency enthusiasts will not want a regulation that will take away freedom and stiffle decentralization as well as tamper with security but a regulation that will tackle fruad and money laundering. How these will be achieved, the technicalities involved are probably what the world major crypto players are working out on
With regulations, investors will come who have large funds. In addition, regulations will make it difficult for scammers to carry out their actions because they are dealing with the law. I think regulation is good for a healthier market, without regulation, in my opinion the cryptocurrency market will stagnate
The crypto world has long been waiting for the industry to be regulated does this seem possible? Regulation on a brighter note is very good for the industry in numerous ways but some crypto enthusiasts seem not to get it. Many investors have still not join the crypto world since its not regulated and I think with regulation which is good to me, it will allow more investors to join the industry with no fears.
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?
In essence, this issue comes down to what goals regulators will pursue. I will not say 100% that my words are true, but in my opinion, the regulators aim to take control of everyone who at least somehow deals with cryptocurrencies. And after the control is established, they will try to earn money on those involved in cryptocurrencies (of course, all this will take place under the strict guidance of the state).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?
For better or worse, you decide for yourself. But in my opinion the lack of control is more fair for all market participants.
I didn't know there is either or when it comes to regulation? It can be both. It can be good today and bad tomorrow because something has changed. It is important that regulation is also flexible to serve innovation.
Personally, I am for the regulators, because at least they will make the cryptocurrency safer and free us from fraudulent and fraudulent projects As I said it is not either or. No regulation at all will be bad because what does that even mean? A regulatory body in the future can be very different and more democratic than those we have today. But we do need regulation for sure.
Remember one thing. The only thing that regulators regulate is people. It might look like they are regulating all kinds of stuff. But they are really only regulating people. Their regulation might cause you to win for a while, but in the long run it takes away your freedom.
It's good and bad at the same time
-good: it bring cryptocurrency nearer to daily life, people using, buy, sell it would be protected
-bad: it's harder for good idea to be applied.
-good: it bring cryptocurrency nearer to daily life, people using, buy, sell it would be protected
-bad: it's harder for good idea to be applied.
From my point of view, regulation can help the crypto-currency world to start a completely new frontier in its development, but the only other thing is that crypto-currencies today have very great opportunities in anonymity, but this problem will soon be resolved.
Crypto is not as anonymous as you think, you can be tracked down if you are involved in any criminal activity.So, don't see Crypto as a place of hide if you are a wanted person
with all your respect mate, how is that possible that a bad person can be track down? Can you give a details of how to catch them?
Through the exchange where the fund is being transfer especially if the exchange was a centralize platform? what if the platform
exchange is decentralized are they gonna tract them still?
Regulation is good as long as the cryptocurrency users are not needlessly harassed. There are some countries which want the cryptocurrency users to give details of all the transactions they made in the tax returns. Can you imagine how much paper work and effort will be needed for that, if some cryptocurrency trader files his tax return?
The authorities should treat crypto just like any other asset. They should not demonize it.
The authorities should treat crypto just like any other asset. They should not demonize it.
I agree with you. Largely, cryptocurrency enthusiasts will not want a regulation that will take away freedom and stiffle decentralization as well as tamper with security but a regulation that will tackle fruad and money laundering. How these will be achieved, the technicalities involved are probably what the world major crypto players are working out on
Regulation is good as long as the cryptocurrency users are not needlessly harassed. There are some countries which want the cryptocurrency users to give details of all the transactions they made in the tax returns. Can you imagine how much paper work and effort will be needed for that, if some cryptocurrency trader files his tax return?
The authorities should treat crypto just like any other asset. They should not demonize it.
The authorities should treat crypto just like any other asset. They should not demonize it.
Absolutely, regulations would be good in crypto to at least curb those scam projects. So many faceless projects launching with scam intents. Where there is regulations, these would be reduced!
I believe that regulators are definitely good for the cryptocurrency, and when they appear on the market, the cryptocurrency will become much more technologically advanced
Actually, I think that there should be a certain control, because in this way we could get rid of scammers, for example, in the company’s ico market. But it seems to me that if someone will have some features or functions, then it is quite possible that someone will want to abuse it. On this basis, control can bring not only benefits, but also harm.
It's fully depends on how regulation are implemented. Most of the time many countries said about regulation and then they end up things being banned. But in my opinion regulation is better than banning anything in the he country. And at this time in this market there is many projects available which is nothing but a scam for us. So I think that regulation could stop this scam or failed projects. So I think regulations are good if that is implemented in right way.
Regulation brings about orderliness and helps provide a structured process of getting things done. So why not. For me i think regulation is idea
I support the idea of regulating the cryptocurrency, because if regulators are introduced into the cryptocurrency, it will become more widely used around the world 
Market needs atleast a little regulation, because I would like to be protected from scams, frauds and volatility of the coins. Just remember all those hacks or scam ico, people could be protected from all that mess.
I am glad someone else thinks so too. I personally feel that I am okay from scams (even though I guess I also got scammed from ICOs in past!) but the ones I worry about are like my parents and my family who are not as internet or technology savvy as me. They need regulations to protect them until they know how to use BTC on their own.
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