Regulatory issues for cryptocurrency have actually been around for a long time. In fact, it was several years ago. But it seems, in the past year or so, it has become a serious topic of discussion in several countries. And it seems, some countries will soon implement it. What I personally think is, if true, many countries start implementing regulations for crypto currency, will this change the nature of crypto, namely decentralization to not being fully decentralized? What do your friends think here? Please share, hopefully this can add insight for all of us 😊🙏
One thing i know is that, crypto currency regulation can't fully work without centralization, they have to be in charge of things to control it or how it should be used, so what I think is that, if crypto currencies must be fully regulated, for this to be fully effective, it means decentralization would have to not be fully decentralized, and this also can only work if they(the regulators) ban developers from building (fully) decentralized apps, which in my personal opinion I don't think is possible. 
Topic: Regulations for crypto currencies - page 7. (Read 960 times)
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Regulations for crypto have been around for a long time although the decrees are by no means final. If you are referring to the bitcoin legalization process? yes, this is the year that has turned a new history for the market. Bitcoin first accepted legalization in El Salvador, Many countries are coming to legalize bitcoin. Once again from numerous petition submissions, we have finally seen a bitcoin ETF.
There is no way that it'll be bitcoin.China has done its digitilized money.
EU has done some test through XTZ network and will bring a digitalized money too.
I imagine the US will do the same.
But clearly this won't be bitcoin.
It'll be a token on a closed network with a specific new token. Denmark is doing it too if I understood correctly.
Regulations for crypto have been around for a long time although the decrees are by no means final. If you are referring to the bitcoin legalization process? yes, this is the year that has turned a new history for the market. Bitcoin first accepted legalization in El Salvador, Many countries are coming to legalize bitcoin. Once again from numerous petition submissions, we have finally seen a bitcoin ETF.
Régulation can't and won't compromise the decentralization.
Regulation can apply onto the transactions fully and publicly accessible on the blockchains. Now AI is the key to work with such amount of data.
One reason why gvt would like to work on this is to prevent money laundering and frauds. It's a good thing because it will induce more trust in crypto, thus more users.
OTOH I don't know if more "security" would also imply less profits in the end.
When one want to use dex, we need to pass by a KYC and for those that are still fully anonymous it's a matter of time before they'll have to comply and put a KYC into place.
The real thing here is that banking and regulation system are so slow compared to innovation that I don't see anything like this able to be happenning before at least 5 years from now.
Regulation can apply onto the transactions fully and publicly accessible on the blockchains. Now AI is the key to work with such amount of data.
One reason why gvt would like to work on this is to prevent money laundering and frauds. It's a good thing because it will induce more trust in crypto, thus more users.
OTOH I don't know if more "security" would also imply less profits in the end.
When one want to use dex, we need to pass by a KYC and for those that are still fully anonymous it's a matter of time before they'll have to comply and put a KYC into place.
The real thing here is that banking and regulation system are so slow compared to innovation that I don't see anything like this able to be happenning before at least 5 years from now.
There are already several countries that allow crypto to transact and the last country is El Salvador which legalized Bitcoin as a legal tender and in my opinion El Salvador was one of the first countries to legalize Bitcoin. The implementation carried out by the country to the people there who are not pushy makes me believe that the benefits that will be obtained are very large because as I know that cryptocurrency has a transparent and very easy transaction system.
That's true, and I personally prefer the method used by the president of El Salvador in implementing regulations. But there are also countries that tend to be stricter in implementing rules, so it seems like it limits the decentralized nature of crypto Regulatory issues for cryptocurrency have actually been around for a long time. In fact, it was several years ago. But it seems, in the past year or so, it has become a serious topic of discussion in several countries. And it seems, some countries will soon implement it. What I personally think is, if true, many countries start implementing regulations for crypto currency, will this change the nature of crypto, namely decentralization to not being fully decentralized? What do your friends think here? Please share, hopefully this can add insight for all of us 😊🙏
Actually, the more popular cryptocurrencies are, the more attention they attract from authorities, so when crypto was just for investment and trading, the government didn’t regulate it at all, but now it is being accepted by many companies and countries with unsustainable economy start adopting them, so authorities are likely to start regulating it and make it less decentralised.
The way bitcoin price is going up, governments all around the world are introducing strict regulations to tighten there grip on crypto before it gets too late. But governments cant ban or fully regulate crypto since they don't have the full capability to do so. BTC and other cryptos are designed to remain completely decentralized, that is free from one entity control.
in fact, there are some countries that are pressing for crypto regulation i don't know if out of a desire for control or to be able to tax and earn on them, however it is not an easy task i believe that cryptocurrencies were natively designed to be decentralized and that they can escape to all sorts of control, as long as there is even a single free computer online that will act as a bridge they cannot be controlled, the various governments would do better to seek integration, collaboration with cryptocurrencies instead of seeking any control
...Please share, hopefully this can add insight for all of us
Ideally, it is not the cryptocurrency that should be regulated, but the structures that provide participants with access to the cryptocurrency market. In this case, the cryptocurrency will be safer for investments, since investments will be protected by law and, accordingly, there will be fewer scammers on the market.
I do not support regulations of Cryptocurrency industry, I think regulations will kill innovations and ideas, not that regulations will stop decentralized nature of bitcoin and other Cryptocurrency, but it will stall it's developments and growth. Instead of regulations, why don't regulatory bodies create an environment where Cryptocurrency idea will succeed and they can start looking at taxing profit!
True, not very decentralized, and also crypto prices would not be as volatile as they are today if many countries in the world had implemented their own rules.
If regulations on cryptocurrencies have been implemented by all countries, then in general it will be controlled by the respective countries, but it always raises the question why in the past and also now it has not been realized in every country? 
For me personally i don't need this regulation at all and i don't expect it. I understand that if i pay taxes in my country i can sleep well and not expect problems from the state. And if there will be regulation of crypto then for me in terms of security is certainly not better.
I can well understand your point. But you don't have to forget that in a country where crypto isn't yet regulated, if the authorities can prove that someone is using cryptocurrencies, he can face many troubles according to several law articles (using non-regulated form of money, money-laundering...). This becomes easy to happen as almost all the major exchanges enforce KYC for its users, by which they can restrict users from the countries where crypto isn't yet regulated.
Note also that if crypto becomes regulated in any country, this doesn't mean that the country adopt cryptocurrencies. It's just a matter of applying more taxes and not to use it as an efficient technology.
Regulatory issues for cryptocurrency have actually been around for a long time. In fact, it was several years ago. But it seems, in the past year or so, it has become a serious topic of discussion in several countries. And it seems, some countries will soon implement it. What I personally think is, if true, many countries start implementing regulations for crypto currency, will this change the nature of crypto, namely decentralization to not being fully decentralized? What do your friends think here? Please share, hopefully this can add insight for all of us 😊🙏
It almost seems like people don't know what decentralization in cryptocurrencies mean... We still have permissionless transactions with many coins, that hasn't gone away. Real world has just catched up. Decentralization is ONLY for permissionless transactions, you can't just apply it irl and say that real world rules won't apply because you are hodling crypto, because dealing with stablecoins or fiat money have nothing to do with true decentralization... When you are giving your bitcoins to third party, like any exchange or you want to cash out, or buy anything via btc visa debit you are far from any decentralization.
Regulatory issues for cryptocurrency have actually been around for a long time. In fact, it was several years ago. But it seems, in the past year or so, it has become a serious topic of discussion in several countries. And it seems, some countries will soon implement it. What I personally think is, if true, many countries start implementing regulations for crypto currency, will this change the nature of crypto, namely decentralization to not being fully decentralized? What do your friends think here? Please share, hopefully this can add insight for all of us 😊🙏
Yes, it is, actually in my country, the government is starting a framework for regulation and enforcement to all crypto-related businesses, But even before the regulation is implemented my country is already crypto-friendly, in fact, the government has designated an ecozone just for them and currently hosted some 26 crypto-related companies. IMO, the decentralized function was not fit in the government because the Government functions as a centralized authority so if the regulation will be implemented I am sure some of the decentralized functions will be compromised.
It is known that regulations tend to lag behind innovation and I believe as of now the urgency to regulate how cryptocurrencies markets should comply are being conditioned by the governments. But it doesn't mean it will directly lose its decentralization. Technically some cryptocurrencies especially BItcoin will maintain it. The problem is there will be a lot of services like an exchange that will force users to comply with the regulations. So if you truly care about the decentralization we really want to, in this specific aspect of exchange, dex is being developed maturely.
Regulatory issues for cryptocurrency have actually been around for a long time. In fact, it was several years ago. But it seems, in the past year or so, it has become a serious topic of discussion in several countries. And it seems, some countries will soon implement it. What I personally think is, if true, many countries start implementing regulations for crypto currency, will this change the nature of crypto, namely decentralization to not being fully decentralized? What do your friends think here? Please share, hopefully this can add insight for all of us 😊🙏
It will not bring any changes in cryptocurrencies, let alone change the nature of the cryptocurrency itself, obviously it will not affect this, because to establish regulations each country must analyze this thoroughly and openly to all their officials, because of this different from the real projects that exist in each country. 
Regulatory issues for cryptocurrency have actually been around for a long time. In fact, it was several years ago. But it seems, in the past year or so, it has become a serious topic of discussion in several countries. And it seems, some countries will soon implement it. What I personally think is, if true, many countries start implementing regulations for crypto currency, will this change the nature of crypto, namely decentralization to not being fully decentralized? What do your friends think here? Please share, hopefully this can add insight for all of us 😊🙏
Decentralization will not change but it will affect the privacy or anonymity so it depends on the individuals who are accepting cryptocurrency for whatever reasons but in general regulating the cryptocurrency is lot better than banning it so more people will start adopting and the cryptocurrency becomes more and more popular. 
As we know that the advantage of cryptocurrencies is that it is decentralized, meaning that it is not centralized or there is no third party intervention. but if cryptocurrencies have been legalized by a government, it is clear that regulations will be enforced, although they cannot change the nature of decentralization itself but other regulations such as being taxed may be applied.
The main factor that will be explored by the government is the tax problem. because this is state revenue to support the development of a nation. somehow the form later, of course this regulation must benefit the state, and of course a clear regulation is needed. it seems that this will be easier, because the government can see every transaction even if it is a small amount Regulatory issues for cryptocurrency have actually been around for a long time. In fact, it was several years ago. But it seems, in the past year or so, it has become a serious topic of discussion in several countries. And it seems, some countries will soon implement it. What I personally think is, if true, many countries start implementing regulations for crypto currency, will this change the nature of crypto, namely decentralization to not being fully decentralized? What do your friends think here? Please share, hopefully this can add insight for all of us 😊🙏
It's because we are about to cross another all time high, and that's why we will hear against regulatory bodies globally trying to put a clamp on bitcoin. This is so reminiscent of the 2017 bull run, and after, the same that we are witnessing right now, so it is also a cycle.
And with El Salvador making it a legal tender, no doubt that we will have the eyes of those regulatory bodies again. However, they can't do anything as bitcoin is too big to fall now. We have seen the worst regulations already so I'm not sure what more then need.
Regulatory issues for cryptocurrency have actually been around for a long time. In fact, it was several years ago. But it seems, in the past year or so, it has become a serious topic of discussion in several countries. And it seems, some countries will soon implement it. What I personally think is, if true, many countries start implementing regulations for crypto currency, will this change the nature of crypto, namely decentralization to not being fully decentralized? What do your friends think here? Please share, hopefully this can add insight for all of us 😊🙏
True, not very decentralized, and also crypto prices would not be as volatile as they are today if many countries in the world had implemented their own rules. Jump to: