Possibilities of regulating cryptos... - page 3.

djsugar

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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..

By not controlling it, government risks its money being laundered. We all know how easy it is to convert FIAT into BTC and then sending it abroad. If we had to do it using the conventional method, then we would be asked tons of questions.

Although the government cannot regulate it, but it certainly can keep a check on the people by using a very rigorous KYC process. That way, exchanges can help the government in knowing which user is sending money where.
This obviously won't disrupt the regular users but would definitely worry the big fishes.

czhen

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I sometimes think the government should not ban Crypto but it needs to be set up so that the government also benefit from it.
but the rules are made not to complicate the user crypto.

rencong bitcoin

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if crypto began to be set by the government or anyone else of course it would be a good thing for users crypto, as it will be made a rule to protect us from hackers or other cases.

BrewMaster

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

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?

being regulated or not being regulated has nothing to do with some rare cases of scam and fraud that involved bitcoin compared to all the rest of the legit usages of bitcoin that do exist out there.
and you want the possibility of it happening? it is 100% because it has already happened in multiple countries such as Japan for instance! and there is nothing stopping it from happening in the rest of the world also.

Dudeperfect

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As we all know that the core concept of blockchain is all about decentralization and it doesn't make any sense to allow someone to regulate it. Yes, we are in the development phase and there are many issues right now but regulation is not the answer to these issues. In fact, it will kill the core principle of the blockchain. Governments and other authorities will try to eliminate it but they have their own reasons to do it.

Geoll29

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There is no problem in regulating cryptos. This may add security and protection to the users. But this may also lead to higher fees. As long as the fees are just I think there wont any problem with the regulation. As long as we are earning it is not a problem.

Palmerson

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Quote from: Pursuer on April 18, 2018, 06:39:06 AM

governmentS don't prefer banning bitcoin. some rare cases did that because they were running a corrupted system which they didn't want to be disturbed an bitcoin was disturbing their corruption.
the rest of the world will regulate the usage of cryptocurrencies, mainly the usage by the merchants not generally. and most of them is for taxation purposes.

I do not believe that attempts by governments of different countries to regulate cryptocurrencies will be crowned with success. It should be understood that decentralization and delegation are the main qualities that attract a large number of people to cryptocurrencies. All of them will leave the market if it happens. What will the others do then? Those who support a regulation want the death of the cryptocurrency.

Kotone

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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..

With all the recent events that has been happening around the world involving the name of bitcoin and the whole of the cryptocurrency market. I think that it is true and very possible that if we want bitcoin to survive the wariness and the fear of a lot of people in bitcoin that we have to let it go and be regulated. Having regulations means compromise and to me of it means a chance for bitcoin to have its place on the future its a price I’ll pay

Pursuer

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governmentS don't prefer banning bitcoin. some rare cases did that because they were running a corrupted system which they didn't want to be disturbed an bitcoin was disturbing their corruption.
the rest of the world will regulate the usage of cryptocurrencies, mainly the usage by the merchants not generally. and most of them is for taxation purposes.

btc78

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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..

this same question has been asked for dozens of times already and its mot helping.this only bring negativity to the readers..governments has a power over cryptocurrency and if they want banning or regulating is a simple thing.but they will never to that because they know that theres a lots of cakes inside crypto and what they only need to do is get their part and everything will be back to normal

Juggy777

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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..

Regulating Bitcoins is easy Japan has done it and so are many other countries who're planning to do it. Whenever we buy and sell bitcoins we receive money in our bank and that is a government record, they can access it any time they want and know who made how much money. I feel countries should regulate instead of ban or leave it as it is. Reason is people will indulge more in scams to enjoy this and it's not good.

Phil419She

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I think this is the next thing the governments will do since they growing of cryptoworld is inevitable. So we can all expect that regulations for crypto will surely follow in the future, nothing less.

Slow death

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

what are the possibilities that cryptos will be regulated?

the crypto world without regulation is proving to be very dangerous, I say very dangerous because any scammer creates an ICO and the scammers become rich, anyone creates an exchange and decides not to hire enough staff to handle support tickets and ignores the problems and concerns of customers, block people's accounts without warning, their TOS are more outdated and not even they even comply with such a TOS.

With clear regulation, we will have quality services and we will have more people investing in bitcoin, altcoins and ICO's

andrei.dr

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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..

The possibility that the cryptocurrencies be legalized is a very large one. But we should not forget that it is a speculative market and people are still very reluctant when it comes to investment. Personally, I want more security with regard to the exchange of cryptocurrencies and if this involves a firm action from the authorities and/or the governments then I completely agree.

chris200x9

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

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..

It looks like there is more possibility that governments start regulating bitcoin exchanges. Like Japan or South Korea comes up with some guidelines then many other countries may follow by tweaking here and there but everyone looks like someone to come up with some guidelines as of now.

Particularly many governments don't want people to lose money on fake ICOs so they are banning to invest in these ICOs projects as of now but they are not putting any ban on buying and selling bitcoins. It may take more time to regulate but surely they will do it over the time.

Larster

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It is all about money, so all those greedy hands in the world are very interested to control it. And this makes it inevitable, that banks, governments and other institutions will think of a way to put everything there way. But that could also bring everybody a win-win situation, particularly with the concern on crime, security and increased usability.

Notcalculator

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If we ever want to see mainstream adoption there has to be some form of regulation. People dont want tossing around digital asset without some sort of protection. At the very least it has to be "recognized" by the government. If someone scams you out of your BTC, you dont want the state to dismiss your case just because btc isnt recognized as an asset. Plus there are money laundering issues we also must tackle.

metenjean

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The world is evolving and eventhough the government don't want to regulated it, they have to. In the end its better to regulate the crypto then letting the criminal using them and the government doesn't have anything to lose since they will also benefit from income tax and such things. If the regulation really exist then the government have the authority to ban and imprison scammers.

butka

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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.

genievic23

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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..

well, the possibilities are high, it has its advantage which is to filter those scammers and stop them, specially ICO's, they need to comply with the rules, people can now invest without worrying, the disadvantage will be it is centralize, government's would surely monitor every people who has crypto holdings and would definitely tax them. People who use bitcoin to scam others will be less, it will not be totally eliminated coz scammers find ways to scam right, there are always people who trust so much, so somehow, regulating cryptos has its advantage and disadvantages for us.

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