More Regulations For Cryptocurrency?

sinkfish

jr. member

Activity: 252

Merit: 1

Quote from: DOGECOIN92 on July 08, 2018, 06:13:01 AM

Hello, would love to get your opinion on this topic. Do you think there would be more regulations regarding cryptocurrency by the Government? Both now and the future? Let’s say bitcoin price rises to $100,000 per bitcoin, Do you think the government would actually let it be and function on its own without constant regulations? Well, personally I think we would see more regulations from the government down the line to a 1 Trillion Dollars total market cap and above. But I’m positive such regulations won’t hamper on the further growth and advancement of cryptocurrency. So tell me, what do you think?

the regulation should be capping how much crypto are value. regulations should be on investor protection, taxation, anti-scamming, market manipulation. pretty much similar like stock market.

kogozer714

copper member

Activity: 593

Merit: 10

I think the crypto currency market is beyond the reach of third parties, the government has complete control over crypto currencies so the crypto currency will lose their identity as a decentralized project. But at some point the government will eventually start entering the market and make regulations about it. if that happens do not hinder the movement of the bitcoin market

Maricel2017

full member

Activity: 448

Merit: 103

Quote from: CryptoSwap_GlobalOfficial on October 31, 2018, 03:39:17 AM

Governments can enforce many regulations to better regulate and control the bitcoin market, which may be beneficial to both parties: government and investors.

I think for now here in my country even bitcoin is adopted still there is no directive regulation to crypto currency or in bitcoin itself, bitcoin is under the regulation of banks and other companies like our local bitcoin wallet but still bitcoin has a freedom for now, government does not yet created a regulation about crypto currency or digital currency.

mitchr4

legendary

Activity: 2716

Merit: 1017

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Certainly many governments want to make regulations so that they can fully control bitcoin, but I think the government will find it difficult to regulate bitcoin. From the beginning, bitcoin stood alone and persisted to this day and even achieved high value. From the beginning, bitcoin stands alone without government assistance and even has a high enough value. Regulation is indeed good with the intention of protecting its users, but if the regulation can have a negative impact on the future of bitcoin I think it is not necessary.

gamechangers

member

Activity: 392

Merit: 10

Governments hardly show any interest in regulating cryptocurrency when the price is down because ultimately, there will be less traffic. That is why we have not heard much about regulations recently. If the price should go up astronomically, we may start seeing a new move for regulations.

GemmaJon

newbie

Activity: 33

Merit: 0

certainly, Cryptocurrency must have some regulation for better if we want it become perfect in our world such as it will be accepted as a legal currency . However , I don't want that government have so much right to control the market , it can lose its decentralization

Luthfiyaaa

full member

Activity: 468

Merit: 100

the government will difficult to regulate cryptocurrency, because cryptocurrency runs with the system. surely the government has tried various ways to regulate crypto with the aim of regulating prices or taking a small profit, but that will be difficult, because the cryptocurrency has been run by the system.

Gamblet

member

Activity: 476

Merit: 13

I think that the regulation and adoption of laws regarding cryptocurrency are important things. But I would not like that the cryptocurrency had a lot of regulation. This makes cryptocurrency worse.

sinkfish

jr. member

Activity: 252

Merit: 1

Quote from: DOGECOIN92 on July 08, 2018, 06:13:01 AM

Hello, would love to get your opinion on this topic. Do you think there would be more regulations regarding cryptocurrency by the Government? Both now and the future? Let’s say bitcoin price rises to $100,000 per bitcoin, Do you think the government would actually let it be and function on its own without constant regulations? Well, personally I think we would see more regulations from the government down the line to a 1 Trillion Dollars total market cap and above. But I’m positive such regulations won’t hamper on the further growth and advancement of cryptocurrency. So tell me, what do you think?

certain rules must be apply of future growth. ground rules must be set without conflicting decentralisation and personal censorship. for the protection of investor, and buyer. tax can be impose as it is consider as it is trading.

paulk11087

sr. member

Activity: 987

Merit: 254

I think that a number of measures should be taken on regulation, especially on ico. both the bitcoin and the investors are hurting because of this and more unnecessary projects.

giantrobot

full member

Activity: 564

Merit: 100

Bitcoin has gone through a period of $ 20,000. Currently it is low at $ 6000. To be able to grow again, I think Bitcoin must be legitimate. This may cause Bitcoin to accept certain laws from the government. This will be the advantage that Bitcoin will legitimize and attract investment, opening up new epochs, it will become popular. However, maybe it will be banned some of its great functions, Bitcoin will lose its own nature.

Biet12

jr. member

Activity: 146

Merit: 1

https://i.imgur.com/5JpAp21.jpg

yes bitcoin needs something to regulate, if the government wants to be the third person from investors, surely bitcoin will be safer and more investors will trust bitcoin .

Sarastiche

member

Activity: 532

Merit: 10

BITCOIN IS THE CURRENCY OF THE GLOBE

Regulation is one of the major ways to increase trust level in the cryptocurrency space, with government involvement there will be real price regulations and reduction of fake developers, ICO development can be cordinated, scammers rate can be reduce.

Bessta

full member

Activity: 560

Merit: 101

Regulations means protection. Once you are protected, the more you get interested in investing in cryptos. Regulations serve the interest of the investors so that once they are put in place investors should embrace them rather than resist. Both investors and government would benefit. Yes more regulations for cryptos would be beneficial.

xabre

full member

Activity: 580

Merit: 101

Cryptocurrency is not needed regulation but government have allowed for using bitcoin or altcoin as payment system, when bitcoin become legal payment maybe make price will be on higher and many investor will take benefit by investing at cryptocurrency.

messito

jr. member

Activity: 154

Merit: 1

yes of course there will be more rules as the government will want to regulate cryptocurrency

Olalomi

member

Activity: 490

Merit: 12

If the regulation by any government does not hamper the growth and adoption of cryptocurrencies in that then its a welcome development however outright ban could spell doom for the digital currency because many government does not want interference of their economies by external forces that can cause tax evasion and other economy sabotage.

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newbie

Activity: 34

Merit: 0

it is a very good question, whether cryptocurrency should have more regulations or no. On the one hand, with taxes and all the standard regulations all the current investors who use bitcoin will highly likely quit. There are particular reasons, why they keep their assets in crypto, one of them is anonymity, another is exactly lacking standard regulations. On the other hand, it may increase the demand because a lot of ordinary people will get into the mainstream. In that case, in my humble opinion, cryptocurrency will become just another kind of online money.

Linkinparkum

newbie

Activity: 8

Merit: 0

At the moment, there are more and more government regulations for Bitcoin. I think Bitcoin needs clear regulations to create stability and sustainability for Bitcoin in particular and cryptocurrency in general.

seramania

full member

Activity: 827

Merit: 100

sometimes it can be a useful thing if crypto gets a regulation, but sometimes this will continue to be used as a method to provide crypto owner security if there is regulation and this is profitable,

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