Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?
I am an opponent of the regulation of the cryptocurrency. This will lead to taxation, control ... That is, it is not in the interests of users of cryptocurrency
Actually, all of us don't want to pay taxes because it only lessen our income from here. But we think also that, with this thing we can help our community to improved, knowing that governments projects are coming from taxes that they collected from the people. I don't make it as a big deal, unless we have abuse by the authorities. But sadly, regulations might bring crypto from being centralized market as we are being controlled by the government which definitely affect the price.
I believe it's not just because we don't want to pay taxes, but because it's not a fair deal for both sides (enthusiasts and government). It's total advantage only for one side and we don't have control about how the government will use the taxes they collect from Crypto-Currency. As money here is made fast and in big proportions, depending the trader, the government can make huge money over the traders.
And then they will feel like in heaven, with so much money to manage. So it won't hurt to create a new ministry here, maybe two or three new ministries... Wow, but there is so much money yet, maybe we can give a new assistant for each congressman... Maybe an increasement on public employees wage too... And so on. All being financed by traders and Crypto enthusiasts efforts.
Abuse will not happen only if the country is very civilized and where the population is really engaged on what is happening on the political sphere all the time.
