More Regulations For Cryptocurrency? - page 5.

aeternus

sr. member

Activity: 686

Merit: 250

Quote from: warning_btc on October 15, 2018, 11:22:51 PM

After regulation we lost huge amount of "crypto enthusiasts" because this makes price of bitcoin very stable.
My vision need to start regulation from ico

Those people that left the market because the prices have not presented as much movement as before were not enthusiast they were nothing but speculators looking for fast profits and it can be argued that we are better without them, however the problems with KYC policies are real since this has slowed down the innovation in the ico market and this is one of the many reasons for the huge amount of scams in the market.

andylioe78

member

Activity: 267

Merit: 10

In the past few months you have seen all ICOs asking for KYC procedures, meaning that it is verifying the identity of users who want to be in the crypto world. Regulations for the security of the users. so that there are no more multiple accounts.

krishnaverma

full member

Activity: 1442

Merit: 108

Quote from: stiletos on October 22, 2018, 03:36:07 AM

The space can not be regulated that is what I think. Governments heading to exchanges and getting them to obtain KYC information is only going to be a temporal attempt at regulating the space. India placed a ban on RBI, how is that coming up?

1) It has forced some of the exchanges to shut down their business in India completely.

2) Some new ones that wanted to started have dropped the idea and development.

3) The business of existing exchanges has also declined considerably.

Lazada

sr. member

Activity: 686

Merit: 250

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?

I believe that the government will have a large share in influencing the development of cryptocurrency. We all need to wait until there is a regulation that definitely states that crypto is a legal financial system to use. government factors can very clearly influence the direction of the development of cryptocurrency very significantly. So our current task is to try to continue to encourage the government's attitude to be able to support and also do various things that can facilitate crypto development in the world.

DAVETUN

full member

Activity: 728

Merit: 101

Bitcoin is the currency of this age

Regulations won't have a negative impact on the growth of Bitcoin,Government regulation will help redefine the cryptocurrnecy space and enhance the confidence of investors. With regulation there will be a form of control, for the development of the space, individual will not be able to manipulate the market trend/price.

Sonaile

full member

Activity: 368

Merit: 100

Wall Street is shorting BTC, so it would benefit them to hold off on implementing regulation, allow the price to continue to decline, then when everyone thinks Crypto is dead, QUIETlY bring in regulation, then pump crypto back up a year or two down the line.

Micerker

full member

Activity: 593

Merit: 100

BBOD The Best Derivatives Exchange

Adding rules with Cryptocurrency only makes it slower. Regulations will make investors feel discouraged by being subject to supervision or restricted by laws, which will negatively impact the Cryptocurrency market. I hope Crypto will not have any rules.

PlusOne88

member

Activity: 420

Merit: 10

“Tackling Climate Change Using Blockchain”

I believe that such regulations will occur with the use of cryptocurrencies. Knowing how much useful cryptocurrencies are and how big the amount of money is moving across each projects or ICOs, there is no wonder why some other countries who do have so many things to lose would keep cryptocurrency on hold due to the fear that it might affect their economy. That is why some countries ban it not because it is useless but because they are yet studying it. They wanted to know if allowing it would be very beneficial to them. Yet I am positive as you are that such regulation would not block the development or progress in the use of cryptocurrencies especially bitcoin.

Edsemen

full member

Activity: 413

Merit: 100

Quote from: Mandarava on October 22, 2018, 06:16:49 AM

Regulation of cryptocurrency is a thing that should significantly reduce the number of fraudulent projects that appear more and more every day. But regulation should not be violent. It should be similar to maternal care and not to strict cruel control.

That's not a big problem if regulations comes in with crypto, and all we should think about is the advantage which it will provide to all of us. Don't ever think bad omens for it since, fraudulent project really is capable to deal with so many projects ICO behind our crypto markets. Regulations should provide us better future which may lead every project to success and not a failure of expectations.

Ozero

full member

Activity: 2142

Merit: 183

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?

Yes, after the state legalizes cryptocurrency, it will continue to establish additional rules for the circulation of cryptocurrency, since from time to time various unforeseen situations will arise that will require further regulation. In addition, I think that over time, the state will establish an increasingly rigid framework for circulation of decentralized cryptocurrency, since, in general, it is not profitable for the state.

Mandarava

full member

Activity: 742

Merit: 103

Regulation of cryptocurrency is a thing that should significantly reduce the number of fraudulent projects that appear more and more every day. But regulation should not be violent. It should be similar to maternal care and not to strict cruel control.

jonaire99

member

Activity: 588

Merit: 11

Quote from: Callanta787 on October 16, 2018, 12:53:30 AM

Government involvement means centralized and not decentralized ,which I still feels is the only solution to balance crypto and make bitcoin more stable,more confidence to invest too

Government regulations is inevitable but they can only impose it on present crypto exchanges because most of them are centralized. Almost all cryptocurrencies are decentralized in nature so it is not possible for any government to impose regultions on them. In the future, government will also deal with another kind of crypto exchange called DEX or decentralized exchange.

hotforblockchain

member

Activity: 266

Merit: 26

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?

Why should government interfere just because something is gaining value?
They just have to make sure that ID regulations are respected and thus the risks are managed as highly as possible.

stiletos

newbie

Activity: 28

Merit: 0

The space can not be regulated that is what I think. Governments heading to exchanges and getting them to obtain KYC information is only going to be a temporal attempt at regulating the space. India placed a ban on RBI, how is that coming up? I just think those who own these exchanges can just save us the trouble, and lets go DEX, that way all of these nonsense wil end. KYC is the only major regulation I see, plus people who are scared of being shown the way out of their businesses going to parley with regulators. It won't help us. Kudos to CZ.

Andrew Gergeo

newbie

Activity: 38

Merit: 0

In the future , I think government will give some regulation to control the bitcoin market properly , But I expect it won't be barrier for the investors in the market

RomanPoman

newbie

Activity: 14

Merit: 0

Quote from: Ethan Argu on October 21, 2018, 06:44:18 PM

Goverment has a responsibility for that i think it they implement that can harm the growth of crypto we all know that banks are control by the goverment (central bank)
They are many possible speculation that they can manipulate the price of bitcoin. Because in thier part its alarming to them.

Not sure if banks are controlled by government or government is controlled by banks Wink

Either way, I don't think that cryptos are alarming to banks or governments at all. If anything it gives them even greater leverage than FIAT money to control and regulate people.

Ethan Argu

jr. member

Activity: 340

Merit: 1

Goverment has a responsibility for that i think it they implement that can harm the growth of crypto we all know that banks are control by the goverment (central bank)
They are many possible speculation that they can manipulate the price of bitcoin. Because in thier part its alarming to them.

rickn

member

Activity: 406

Merit: 10

The crypto market needs regulation and it can be very welcome because a market with clear rules that protect investors will attract more money and boost its size

xp.rie

hero member

Activity: 868

Merit: 500

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?

yes that is certain, the government will gradually regulate cryptocurrency, especially on Ico. the reason is that there are many of them, most of them are accused of being scams or becoming shitcoin. this is the cause that will be done in several countries, especially those that have legalized it.

kucritt

full member

Activity: 616

Merit: 100

i think government will think twice if bitcoin have the high value and i think that government will make a regulation for bitcoin user, investor and traders to manage all the bitcoin circulation in their country

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