Possibilities of regulating cryptos... - page 2.

Traderbtcc

full member

Activity: 1190

Merit: 123

★Bitvest.io★ Play Plinko or Invest!

Quote from: Ann Impas on April 26, 2018, 05:34:01 PM

Of course the possibility of regulating cryptos is very high especially on the time of mass adoption. Government will not allowed anything beyond his control. Yes they may not able to control blockchain technology but the process of getting into cryptocurrency and the requirements and even the internet mapping. They can control so many factors covering crypto processes. But I guess it's ok, no need to panic if your a legit person trying to make out something better in crypto.

That's true. Indeed, Cryptocurrencies can be regulated. But I think blockchain is a regulation-friendly. So If there will ever be regulation of digital assets like Bitcoin, It would only be on via centralized organizations /service providers like exchanges and banks that offer Bitcoin purchases. That can be countered by trading via peer to peer on decentralisation. What I'm trying to say is, It can be regulated but only to a certain level. Not a full blown regulation.

7Dyoknga5

jr. member

Activity: 210

Merit: 1

dApps Development Automation Platform

Quote from: fortuneteller on April 18, 2018, 01:27:11 AM

The fact that digital assets like cryptocurrency uses blockchain technology gives it the advantage of not being controlled by anyone even the government. That is why some governments prefer to ban cryptos just not to give oppurtunity for bad people to use it for their bad motives/actions. Regulating cryptos are not as simple as peeling of a banana, it'll take long talking and discussion.

As to the left and right scams involving the name of bitcoin, fraud and other illegal doings that bitcoin's name is being dragged, what are the possibilities that cryptos will be regulated? Thank you..

thinking that bitcoin cannot be controlled by the government is wrong. If the government decided to ban trading sites and announced to not support bitcoin, there would be no companies that will do it. You now have an useless asset.

Ann Impas

full member

Activity: 420

Merit: 101

Of course the possibility of regulating cryptos is very high especially on the time of mass adoption. Government will not allowed anything beyond his control. Yes they may not able to control blockchain technology but the process of getting into cryptocurrency and the requirements and even the internet mapping. They can control so many factors covering crypto processes. But I guess it's ok, no need to panic if your a legit person trying to make out something better in crypto.

Selbit

newbie

Activity: 78

Merit: 0

) - The European Union stands ready to regulate crypto-currencies if risks from the sector are not tackled at the global level, the bloc's financial services chief said on Monday.
The 2018 tax season is already going to be a headache for all investors, especially day-traders, due to the IRS closing the possibility of crypto-to-crypto exchanges falling under the “like-kind” provision of the tax code in IRC Code Section 1031.
To read more:
https://www.google.com/amp/s/www.forbes.com/sites/forbestechcouncil/2018/03/06/how-to-save-crypto-through-thoughtful-regulation/amp/

Washball

full member

Activity: 266

Merit: 151

First crypto index traded as a token!

Tax authorities do not have the right procedures and do not really know how to deal with cryptocurrencies. Laws and regulations concerning taxes are very outdated and cannot be implemented properly on cryptocurrencies. It will take a lot of discussion to come up with the right regulations, but cryptocurrencies will be regulated.

Blessed J

newbie

Activity: 178

Merit: 0

With the regulations of crypto, for now now the governments are reluctant to accept cryptos. What i see in the future is a time where crypto will be of high demand and countries will have no other option than to accept cryptos for transactions. What governments will probably do is to regulate the price changes in crypto.

Cpousersonu

newbie

Activity: 64

Merit: 0

Regulating a bitcoin is a depend on each and every individual country and they are government policies sum of government is very Eega about regulating the Bitcoin and some of approaching this regulation.

faithofb

newbie

Activity: 238

Merit: 0

Am a fan of those that has been clamouring for regulations of cryptocurrency so that it can be more protective, we have so much i c o coming out without no reason or proper coin with good use case... All this should just stop so that people will be investing their hard earned on real project....

feny.blackpink

newbie

Activity: 196

Merit: 0

Quote from: fortuneteller on April 18, 2018, 01:27:11 AM

The fact that digital assets like cryptocurrency uses blockchain technology gives it the advantage of not being controlled by anyone even the government. That is why some governments prefer to ban cryptos just not to give oppurtunity for bad people to use it for their bad motives/actions. Regulating cryptos are not as simple as peeling of a banana, it'll take long talking and discussion.

As to the left and right scams involving the name of bitcoin, fraud and other illegal doings that bitcoin's name is being dragged, what are the possibilities that cryptos will be regulated? Thank you..

maybe to avoid scam and fraudulent, cryptocurrency need the community regulations for crypto.
so that still have a regulations, but not from government. if government regulates the crypto, im afraid it wont be decentralized anymore.

Phildo

legendary

Activity: 1526

Merit: 1000

Regulation would be great to prevent consumer losses or even money embezzlement, this will narrow the scammers and criminals. Regulations can also provide security when joining the ICO, if anything happens then we can file a complaint to the regulatory authorities to follow up on that matter, the legal process also will be easier if the regulation has been made.

EddyGameta

hero member

Activity: 884

Merit: 500

Quote from: fortuneteller on April 18, 2018, 01:27:11 AM

The fact that digital assets like cryptocurrency uses blockchain technology gives it the advantage of not being controlled by anyone even the government. That is why some governments prefer to ban cryptos just not to give oppurtunity for bad people to use it for their bad motives/actions. Regulating cryptos are not as simple as peeling of a banana, it'll take long talking and discussion.

As to the left and right scams involving the name of bitcoin, fraud and other illegal doings that bitcoin's name is being dragged, what are the possibilities that cryptos will be regulated? Thank you..

Perhaps things should be regulated by the government are ICOs and Crypto Exchanges, how should they work and benefit each other also the rights of consumer protection in case something happens and not one-sided law access. As we know many ICOs are scam and the investors are having difficult time to sue them, this is the role of government regulation should be.

Kray

hero member

Activity: 658

Merit: 500

Quote from: butka on April 18, 2018, 02:08:19 AM

Quote from: TheGodFather on April 18, 2018, 01:47:33 AM

What I think is bitcoin needs to be regulated for its own good. It needs to undergo this process so that countries and governments and the corporations can surely know that this is not abused or cannot be made to do illegal transactions

Forgive me, but I don't see what good regulating Bitcoin would bring. The way Bitcoin is conceived from the very beginning is to be censorship and regulation resistant. That's one of its greatest feature. There's nothing a centralized government can do to regulate a decentralized system such as Bitcoin. Probably they can try to regulate the users of Bitcoin (by taxing, for example), which is exactly what's happening right now. But not much more than that.

Now, as far as the ICOs and other crypto-assets are concerned, I believe there should be some regulation. I mean, some of them are nothing but pure scam.

I don’t think it’s wrong to regulate Crypto, in fact it's a good thing to prevent Crypto misuse like regulating how an ICO should work and there's a legal body that can protect the consumer rights.

gabmen

hero member

Activity: 1246

Merit: 529

CryptoTalk.Org - Get Paid for every Post!

Quote from: wladsem555 on April 19, 2018, 04:16:07 AM

I think that many here express the correct opinion that sooner or later the crypto-currency market will be regulated by the governments of different countries. First of all, it will be necessary for them to do so to prevent the commission of illegal transactions and various frauds. Also, governments will want to regulate for taxation and income from this activity.

Exactly. Regulations will be healthy for btc in the long run. We'll all benefit it and i think it can even ensure that we can move forward into the future. Without regulations, crypto can easily fall to illegal activities which in the long run may cause its demise.

wladsem555

member

Activity: 139

Merit: 10

I think that many here express the correct opinion that sooner or later the crypto-currency market will be regulated by the governments of different countries. First of all, it will be necessary for them to do so to prevent the commission of illegal transactions and various frauds. Also, governments will want to regulate for taxation and income from this activity.

levvv

member

Activity: 532

Merit: 17

Quote from: fortuneteller on April 18, 2018, 01:27:11 AM

The fact that digital assets like cryptocurrency uses blockchain technology gives it the advantage of not being controlled by anyone even the government. That is why some governments prefer to ban cryptos just not to give oppurtunity for bad people to use it for their bad motives/actions. Regulating cryptos are not as simple as peeling of a banana, it'll take long talking and discussion.

As to the left and right scams involving the name of bitcoin, fraud and other illegal doings that bitcoin's name is being dragged, what are the possibilities that cryptos will be regulated? Thank you..

cryptocurrency won't be able to fully regulated by the government because it is decentralized.
a decentralized platform should not be able to controlled by one centralized system like government.

rhayot

newbie

Activity: 351

Merit: 0

Quote from: fortuneteller on April 18, 2018, 01:27:11 AM

The fact that digital assets like cryptocurrency uses blockchain technology gives it the advantage of not being controlled by anyone even the government. That is why some governments prefer to ban cryptos just not to give oppurtunity for bad people to use it for their bad motives/actions. Regulating cryptos are not as simple as peeling of a banana, it'll take long talking and discussion.

As to the left and right scams involving the name of bitcoin, fraud and other illegal doings that bitcoin's name is being dragged, what are the possibilities that cryptos will be regulated? Thank you..

There still a chance that cryptocurrencies will be regulated in whole world, though there are some illegal doings and they are using bitcoin to trick the people to invest on it because of its growing value. But if the government and people will help each other to utilize the bitcoin by regulating a right way there will be a higher possibilities that bitcoin will be part of the currency that we are using and be specified only in online, as bitcoin is part of an online and digital currency.

Baraban66

newbie

Activity: 364

Merit: 0

I think it makes sense to think about what we will do after the law on crypto-currencies is adopted. All should be identified, any transactions with exchange, purchase, withdrawal, can be carried out only by regulators. All other crypto-currency sites in this country will be blocked, otherwise the sense of the law simply disappears.

gahsh

jr. member

Activity: 112

Merit: 1

Quote from: fortuneteller on April 18, 2018, 01:27:11 AM

The fact that digital assets like cryptocurrency uses blockchain technology gives it the advantage of not being controlled by anyone even the government. That is why some governments prefer to ban cryptos just not to give oppurtunity for bad people to use it for their bad motives/actions. Regulating cryptos are not as simple as peeling of a banana, it'll take long talking and discussion.

As to the left and right scams involving the name of bitcoin, fraud and other illegal doings that bitcoin's name is being dragged, what are the possibilities that cryptos will be regulated? Thank you..

that is probably the reason the government can not currently legalize bitcoin, many people are less responsible for criminal acts in crypto on behalf of bitcoin, so many are preaching that bitcoin is a negative thing, indeed the government takes a long time to can do a really thing mature action, and take a wise decision of course.

menggay16

member

Activity: 112

Merit: 10

It does not mean that no one can control it or anyone else can manage that's why there are few ways to break the cryptocurrency credibility that maybe government can relate to? And there are a few in the media doing the wrong news here to talk about and if you ask about in crypto you can find that lacking knowledge to it. How about you guys" what the other opinions you can contribute to?

JL421

hero member

Activity: 812

Merit: 510

There are high possibilities that crypto will get regulated but it still isn't so famous as compared to stocks once when crypto becomes a worldwide sensation among many people regulation will take place for good reason so that the amount of scams reduce and people feel more safer while trading

Topic: Possibilities of regulating cryptos... - page 2. (Read 431 times)