Topic: Regulation seem like the only option left - page 3. (Read 1063 times)
Of course there will be differences of opinion about regulation, I think cryptocurrencies are unlimited freedom, nowadays it's easy to choose a good project or not because there are many ways to find out, and most importantly if there is regulation there will be many things that other users don't like, what is happening now is good and competition in the market is commonplace.
Bitcoin marketcap is currently more than $800 billion and the total marketcap for cryptocurrencies is more than $4 trillion, which is unique because there are no rules regarding cryptocurrencies so the community must immediately make strict regulations so that they are not used for scams.
It's not easy to make rules and it takes a lot of time for sure,after all the community must be really compact in making these rules in order to run well,
obviously no one wants it to be used for scams and we'll see what the community will do to solve this
Bitcoin marketcap is currently more than $800 billion and the total marketcap for cryptocurrencies is more than $4 trillion, which is unique because there are no rules regarding cryptocurrencies so the community must immediately make strict regulations so that they are not used for scams.
Because the banks and government can’t do anything about cryptocurrency since it’s unstoppable and contagious, regulation is the only option for them. If you look at China right now, they are criminalizing those people who are engaging in cryptocurrencies whether for trading, mining, etc.
They may have outlawed cryptocurrencies by imposing an outright ban within China, but the cryptocurrency activity can’t be stopped because there are still some Chinese who are engaging with it and has so much belief about it.
They may have outlawed cryptocurrencies by imposing an outright ban within China, but the cryptocurrency activity can’t be stopped because there are still some Chinese who are engaging with it and has so much belief about it.
Regulations are as far as the government can get in order to try to "control" crypto at its fullest. But they won't be successful at the end, because of the way crypto is designed (decentralized and censorship-resistant). China may have made crypto "illegal" to own, use, and/or trade. But people can still get access to crypto "behind the scenes". If crypto was centralized, this wouldn't been possible.
We should expect more regulations from other countries as crypto becomes more popular in the mainstream world. This is no reason to be alarmed, since governments will do anything in their power to keep Fiat afloat as much as possible. As long as crypto remains decentralized, we should have nothing to fear. Just my opinion
Will there ever come a time that the government reaction to crypto will be encouraging for the people? Lately the head if international monetary fund Christine lagarde stated that regulatory action from the international community on crypto is inevitable ..what do you think
Because the banks and government can’t do anything about cryptocurrency since it’s unstoppable and contagious, regulation is the only option for them. If you look at China right now, they are criminalizing those people who are engaging in cryptocurrencies whether for trading, mining, etc.
They may have outlawed cryptocurrencies by imposing an outright ban within China, but the cryptocurrency activity can’t be stopped because there are still some Chinese who are engaging with it and has so much belief about it.
The current marketcap of cryptocurrencies is more than $2 trillion and is unique because there is no regulation that regulates it, of course this is a serious problem for us, so there are always scam projects that are very detrimental to investors, without regulation then we walk without direction.
Scams can be avoided with proper awareness and knowledge, but they cannot be stopped completely. Here the importance of knowing what to invest in comes in play. It is a though thing for a newbie but this is necessary to survive in the market.well, it is true that any cryptocurrency enthusiasts fervently oppose new regulations. They say it would hinder innovation and goes against the spirit of cryptocurrency, which emphasizes decentralization at its core.
Nope. There are many enthusiasts who are into crypto and earning it well, but unable to spend it on daily necessities because their country is not allowing it. Instead if it was regulated they probably would have a chance to sell their coins and earn some fiat money which they could spend or spend the crypto directly, either of which would be a use case. Therefore there is a big market boom that will happen post-regulation if it really happens.Quote
and for these anti-regulation crypto enthusiasts, the decentralized nature of digital currencies is a big draw. So in this view, any new regulation would pose a threat to the decentralization that is a feature, rather than a bug.
Those who are against regulation include the criminals who are trying to use pseudo-anonymity of crypto to mask their wrong doings, mainly money laundering and tax evasion. 
Will there ever come a time that the government reaction to crypto will be encouraging for the people? Lately the head if international monetary fund Christine lagarde stated that regulatory action from the international community on crypto is inevitable ..what do you think
I think the reaction is definitely more optimistic and more positive than it ever was, so it makes sense that the trend will continue, but it depends on the will for crypto's adjustments on how strong that trend would be. So government's reaction will depend on how much adjustments crypto is willing to make, and those issues will need to be addressed, and that's an issue of privacy and decentralization.
The current marketcap of cryptocurrencies is more than $2 trillion and is unique because there is no regulation that regulates it, of course this is a serious problem for us, so there are always scam projects that are very detrimental to investors, without regulation then we walk without direction.
Regulations are necessary to bring some level of legitimacy to the entire crypto/Blockchain industry. But too much regulations would simply stifle the growth of crypto within a designated area. While there's no point in trying to regulate something that's decentralized as crypto, governments still do it because they don't want Fiat to lose traction in the mainstream world. Otherwise, people will ditch Fiat in favor of crypto, greatly undermining the government's capacity to control the economy.
We should expect more regulation from various countries worldwide in order to prevent crypto from replacing Fiat. I'm fine with that as long as decentralization wins in the long run. Who knows what the future holds for the entire crypto/Blockchain industry?
Regulation to regulation it would change though. Regulation just means putting laws on it, basically if you ban crypto that means regulations as well, the meaning of the word is that, if you make it legal and not even taxed just free use, that is regulations as well. You do not have any type of situation where it is illegal or legal and not regulated. As soon as any nation has ANY laws regarding crypto, that means it's regulated.We should expect more regulation from various countries worldwide in order to prevent crypto from replacing Fiat. I'm fine with that as long as decentralization wins in the long run. Who knows what the future holds for the entire crypto/Blockchain industry?
China regulates it in a way that it is not allowed to use, the USA is state oriented so there are some regulated it in a good way, some that regulated in a horrible way, or ones that do not even regulate. So regulation doesn't automatically brings legitimacy to it directly.
well, it is true that any cryptocurrency enthusiasts fervently oppose new regulations. They say it would hinder innovation and goes against the spirit of cryptocurrency, which emphasizes decentralization at its core.
and for these anti-regulation crypto enthusiasts, the decentralized nature of digital currencies is a big draw. So in this view, any new regulation would pose a threat to the decentralization that is a feature, rather than a bug.
and for these anti-regulation crypto enthusiasts, the decentralized nature of digital currencies is a big draw. So in this view, any new regulation would pose a threat to the decentralization that is a feature, rather than a bug.
Regulation is inevitable, you're right. But it's perhaps not the regulation that you might think. Free markets need regulation, but the idea behind regulation is to encourage free enterprise. With crypto currency, by design, regulations are not needed because it's a decentralized entity. Regulations really just means taxing crypto at high rates so that central banks don't have to worry about it being a threat to their currency reserves. If they were smart, they would implement crypto into their financial systems, but that would require taking in a currency that they are not able to manipulate.
Regulations are necessary to bring some level of legitimacy to the entire crypto/Blockchain industry. But too much regulations would simply stifle the growth of crypto within a designated area. While there's no point in trying to regulate something that's decentralized as crypto, governments still do it because they don't want Fiat to lose traction in the mainstream world. Otherwise, people will ditch Fiat in favor of crypto, greatly undermining the government's capacity to control the economy.
We should expect more regulation from various countries worldwide in order to prevent crypto from replacing Fiat. I'm fine with that as long as decentralization wins in the long run. Who knows what the future holds for the entire crypto/Blockchain industry? Just my thoughts
Will there ever come a time that the government reaction to crypto will be encouraging for the people? Lately the head if international monetary fund Christine lagarde stated that regulatory action from the international community on crypto is inevitable ..what do you think
Crypto already reached a thrillion dollar marketcap so regulators will surely knocked on crypto doors since its a huge free flowing money that still untapped by the government for tax purposes. More people is startig to enter in crypto and more fiat money are flowing so I really believed on the regulators stance on that matter. We need to accept the fact that there will be no fully decentralized idea as long as fiat is still involved in all our transaction. Crypto need to not fully dependent in fiat to become free from regulators hand.
cryptocurrency brings a lot of benefits and with that I think in the future many countries will consider adopting it
The currency of any country lose its value if it was not properly manage by government and it is all possible if they take proper actions to stabilize the money inflation and this is vert must for economical growth
Well the regulations are needed if your are going to stable a country's whole economy and the basic concept of crypto itself is not stable at all.
Let's take an example of money laundering issue. If crypto is legalized, there are more easier ways for so many illegal's business owner to transfer there money through crypto and mix it with white money. like this so many issues are still there for crypto base system to still solve and government impose regulation to control.
Well the regulations are needed if your are going to stable a country's whole economy and the basic concept of crypto itself is not stable at all.
Let's take an example of money laundering issue. If crypto is legalized, there are more easier ways for so many illegal's business owner to transfer there money through crypto and mix it with white money. like this so many issues are still there for crypto base system to still solve and government impose regulation to control.
Will there ever come a time that the government reaction to crypto will be encouraging for the people? Lately the head if international monetary fund Christine lagarde stated that regulatory action from the international community on crypto is inevitable ..what do you think
Crypto already reached a thrillion dollar marketcap so regulators will surely knocked on crypto doors since its a huge free flowing money that still untapped by the government for tax purposes. More people is startig to enter in crypto and more fiat money are flowing so I really believed on the regulators stance on that matter. We need to accept the fact that there will be no fully decentralized idea as long as fiat is still involved in all our transaction. Crypto need to not fully dependent in fiat to become free from regulators hand.
Regulations when done correctly is a beautiful thing. I know that people hate their governments, doesn't matter where you are living, doesn't matter if you are in a "top" country like USA, UK, France, Germany or whatever, or if you are living in a poor nation. The one thing in common with all citizens of the world that people hate politicians.
There are more in common with regular citizens of two different nations then the citizens and politicians of those nations, and there are more in common with politicians of two different nations then their citizens. I do not remember who said this, but it is a great saying and I believe the only reason we do not want regulations is because it would be the politicians we hate that will draw those legislation.
Regulation is coming, this is something that we knew, however how extensive, punitive and effective will be are the the questions we are asking ourselves about them.There are more in common with regular citizens of two different nations then the citizens and politicians of those nations, and there are more in common with politicians of two different nations then their citizens. I do not remember who said this, but it is a great saying and I believe the only reason we do not want regulations is because it would be the politicians we hate that will draw those legislation.
As long as the nature of bitcoin is not changed and you can still use it to buy whatever you want without going through KYC then bitcoin will still fulfill its original purpose, however governments are hell bent on avoiding this outcome and now Europe is trying to forbid anonymous transactions, will they be successful? I hope not, but without a doubt they are going to try to impose their will, however as they lose control of the economy people will begin to wake up to the fact that it was the politicians that got them in that mess to begin with, so I hope that people will begin to openly oppose those policies.
Will there ever come a time that the government reaction to crypto will be encouraging for the people? Lately the head if international monetary fund Christine lagarde stated that regulatory action from the international community on crypto is inevitable ..what do you think
This is a confirmation with an assurance that so far as cryptocurrency will remain decentralized so is the government committed to regulating the sector through tax payment. That's what it means to my understanding, some other countries tries to place a ban while others introduce their digital fiat to counter crypto yet its ineffective.
In my country crypto has been taxed, this is an indication that the government actually knows that crypto will be a valuable asset, massive campaigns and FUDs have been carried out in various media but actually make users continue to increase, this is valid evidence that crypto is a transaction system and future finances.
especially since the pandemic seems a lot of people are interested in crypto,
and cryptocurrency will not stop here and will continue to grow, we'll see
Will there ever come a time that the government reaction to crypto will be encouraging for the people? Lately the head if international monetary fund Christine lagarde stated that regulatory action from the international community on crypto is inevitable ..what do you think
Crypto already reached a thrillion dollar marketcap so regulators will surely knocked on crypto doors since its a huge free flowing money that still untapped by the government for tax purposes. More people is startig to enter in crypto and more fiat money are flowing so I really believed on the regulators stance on that matter. We need to accept the fact that there will be no fully decentralized idea as long as fiat is still involved in all our transaction. Crypto need to not fully dependent in fiat to become free from regulators hand.
In my country crypto has been taxed, this is an indication that the government actually knows that crypto will be a valuable asset, massive campaigns and FUDs have been carried out in various media but actually make users continue to increase, this is valid evidence that crypto is a transaction system and future finances.
Another challenge is not in paying the tax but the rate on the tax is too much for the crypto industry to bear, why will a country be a burden on the people who are managing to make out life out of the terrible ugly situations of economic challenges, what do the government use the tax for? isn't it meant to be given back to the society in raising community projects, road construction and establishment of industries, then why will the same masses bear the cost to all this all in the name of i am a miner or cryptopreneur.
Will there ever come a time that the government reaction to crypto will be encouraging for the people? Lately the head if international monetary fund Christine lagarde stated that regulatory action from the international community on crypto is inevitable ..what do you think
This is a confirmation with an assurance that so far as cryptocurrency will remain decentralized so is the government committed to regulating the sector through tax payment. That's what it means to my understanding, some other countries tries to place a ban while others introduce their digital fiat to counter crypto yet its ineffective.
In my country crypto has been taxed, this is an indication that the government actually knows that crypto will be a valuable asset, massive campaigns and FUDs have been carried out in various media but actually make users continue to increase, this is valid evidence that crypto is a transaction system and future finances.
kind of negative impression which is something not surprising to see on and speaking with Regulation which might totally opposes overall idea of crypto but its totally we needing this
to speed up the adoption and recognition rate but of course it would really be through some payment processors and taxing out those platforms whom do deal with crypto.
Will there ever come a time that the government reaction to crypto will be encouraging for the people? Lately the head if international monetary fund Christine lagarde stated that regulatory action from the international community on crypto is inevitable ..what do you think
This is a confirmation with an assurance that so far as cryptocurrency will remain decentralized so is the government committed to regulating the sector through tax payment. That's what it means to my understanding, some other countries tries to place a ban while others introduce their digital fiat to counter crypto yet its ineffective.
In my country crypto has been taxed, this is an indication that the government actually knows that crypto will be a valuable asset, massive campaigns and FUDs have been carried out in various media but actually make users continue to increase, this is valid evidence that crypto is a transaction system and future finances.
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