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Topic: Market Regulation - Advantages and Disadvantages (Read 35 times)

full member
Activity: 658
Merit: 100
In your opinion, what are the advantages and disadvantages that regulation of the cryptocurrency market can bring?


What are the systems of regulation of the cryptocurrency market? It can be tax regulation, licensing, official registration of exchanges and much more. But these options can be ignored. We will not be able to work anonymously if there is a need to pay taxes. This means our operations will be known to everyone. We need to complete a lot of paperwork and register in state inspections. I find it inappropriate at the moment.
legendary
Activity: 3080
Merit: 1500
The scope for this question is much much bigger but I will try to summarize.

Advantages of market regulation:
1. Legal framework will be available which will help all businesses and consumers to use cryptocurrency at will.
2. Crypto to fiat conversion will be more streamlined
3. Banks can't make arbitrary decisions against crypto related businesses
4. Will definitely encourage mass adoption
5. Might discourage illegal usage of cryptos

Disadvantages of market regulation:
1. Anonymity will be at risk
2. KYCs will be everywhere
3. More centralized operations
4. Taxes will be imposed

i will add more points later!

jr. member
Activity: 106
Merit: 1
In your opinion, what are the advantages and disadvantages that regulation of the cryptocurrency market can bring?
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