Topic: Is regulation is compulsory for Cryptocurrency? (Read 70 times)
Regulation won't be a problem. There may be some governments that try to clamp down but by and large it will be left alone. There may be special laws drafted for taxation or regulations regarding ICOs, but the concept of crypto means that it will be very hard to regulate.
I would present two suggestion one would support this and the other would contradict it.
Supporting View:I think regulation is compulsory because when things will be controlled by govt then risk in crypto world would be minimized.Crypto is basically our asset and when we use our asset to generate profit that is taxable to government.In this case economy of the country would boost.More and more people would join crypto world at large and this Crypto world would thrive more than current scenario.
Opposite View:Basically crypto world is totally decentralized peer to peer currency,no third party involve.When govt would manipulate it then it would no longer be decentralized.In this case govt would impose high taxes and charm in crypto will be reduced.Politician would also politicize it like the central banks.In this way investment would be discouraged.
These things came to my mind so i share.Also share your views.
Supporting View:I think regulation is compulsory because when things will be controlled by govt then risk in crypto world would be minimized.Crypto is basically our asset and when we use our asset to generate profit that is taxable to government.In this case economy of the country would boost.More and more people would join crypto world at large and this Crypto world would thrive more than current scenario.
Opposite View:Basically crypto world is totally decentralized peer to peer currency,no third party involve.When govt would manipulate it then it would no longer be decentralized.In this case govt would impose high taxes and charm in crypto will be reduced.Politician would also politicize it like the central banks.In this way investment would be discouraged.
These things came to my mind so i share.Also share your views.
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