Regulations in crypto market - page 4.

justspare

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Quote from: forexandcryptoauditor on May 30, 2019, 11:17:19 AM

At the moment there is kind of flood of scam projects and exchanges and wallets hacking news. All these situations are creating nothing but loss of investor's money. For not having regulations, there is no authority to check the upcoming projects legit. With regulations not only investors’ confidence will increase in crypto market but will definitely attract new investors which will help increasing the entire market capitalization.
What are your thoughts on regulation topic and when to do think its possible to apply? will there be any negative effects to the market as well?

It is very easy to use the world regulation, but every time I hear regulation, it comes to my mind that what exactly do we want from the regulation. We want government to just set up an authority that will guide against scamming when government themselves are not in the loop.

For us to be able to get involvement of authority in this, government must legalized cryptocurrency and the only thing that will make them legalize cryptocurrency is when they are able to control it which you and I know that it will not be possible so long we too sticks to using decentralized coins, except we want them to create a centralized payment system, which is far from the vision of cryptocurrency.

SirLancelot

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Quote from: forexandcryptoauditor on May 30, 2019, 11:17:19 AM

At the moment there is kind of flood of scam projects and exchanges and wallets hacking news. All these situations are creating nothing but loss of investor's money. For not having regulations, there is no authority to check the upcoming projects legit. With regulations not only investors’ confidence will increase in crypto market but will definitely attract new investors which will help increasing the entire market capitalization.
What are your thoughts on regulation topic and when to do think its possible to apply? will there be any negative effects to the market as well?

The problem is that it would be very difficult to regulate this companies, since it's now possible that anybody in the world with just an access to a computer and little knowledge of programming can create a startup with lots of investors waiting to make purchase of the coin as long as he/she can create an hype for the project, the only way it could be regulated effectively is if all the government of the world come today to agree on choosing one policy that would govern the crypto sphere, apart from this, then there is no other way.

spydee1522

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The thought on regulations is very awesome but few seem to understand this concept. Crypto has still not gotten to where it is supposed to have been because of lack of regulations. For Crypto to reach the mass adoption that we all are interested in, then there should be regulations which will gurantee any investor the hope and courage to invest in various projects since they will definitely know their assets are safe.

carter34

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Regulation is one good thing that will happen to this market but how it can happen, I don't seem to know.
But exchanges have started playing the role they were to ask to abide by , by introducing kyc for customers...

Leema

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Every sign indicates the reinforcement of the crypto market regulation by financial authorities in different countries. Regulators, however, see the potential in cryptocurrency as well

kingzpro

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I do agree that thereis definitely a need for regulations for especially icos and they should be licensed or banned to raise funds after a thorough due diligence from a team of experts and a authority but who will come up with such authority is a million dollar question. Secondly a large percentage of crypto community is itself against any type of regulations because they think that it is against the decenfralized concept of crypto.

wattcrypto

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I honestly think that the regulation is necessary especially AML and KYC compliance. There are companies like Ciphertrace that are procrypto and are trying to protect the technology. So in essence I think it will help the industry and not hinder it

oemar bakrie

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Start new changes with safer regulations so that everything goes smoothly..
Because now crypto has been in great demand by many people seen from the many markets for exchange to their respective currencies..

Kemileye

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Quote from: forexandcryptoauditor on May 30, 2019, 11:17:19 AM

At the moment there is kind of flood of scam projects and exchanges and wallets hacking news. All these situations are creating nothing but loss of investor's money. For not having regulations, there is no authority to check the upcoming projects legit. With regulations not only investors’ confidence will increase in crypto market but will definitely attract new investors which will help increasing the entire market capitalization.
What are your thoughts on regulation topic and when to do think its possible to apply? will there be any negative effects to the market as well?

My view is that regulations will put a stop to scam coins that has already flooded the blockchain space. As regards the negative effect of regulations, I think the space will be more strict and prices may be controlled.

shakesbear

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Try to use only verified projects and web sites. 3 times I have traded in scams exchange, but I was saved by the fact that I don't keep all my funds in one place.

kurcalas

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Quote from: forexandcryptoauditor on May 30, 2019, 11:17:19 AM

At the moment there is kind of flood of scam projects and exchanges and wallets hacking news. All these situations are creating nothing but loss of investor's money. For not having regulations, there is no authority to check the upcoming projects legit. With regulations not only investors’ confidence will increase in crypto market but will definitely attract new investors which will help increasing the entire market capitalization.
What are your thoughts on regulation topic and when to do think its possible to apply? will there be any negative effects to the market as well?

In the last G-20 meeting, all countries had agreed on this issue. But we have not seen any serious progress so far.

kenelmark

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My opinion regarding regulatory regulations to get rid of fraud projects is very good to do immediately, because in order to increase the trust of old investors and to raise up new investors, and for the negative effects I think there won't be.

jackflag

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Glad to see you

Quote from: DeepChipolino on May 30, 2019, 02:39:16 PM

Having suffered losses from scammers, many will want regulation. Even to the detriment of the idea of cryptocurrency. Someone must take responsibility for the safety of market participants. If we ourselves cannot take care of ourselves, then there will be organizations (most likely, state ones) that will take care of this. Not for free. We will choose the way cryptocurrency.

I do not think that regulation will help us somehow in the world of cryptocurrencies. Cryptocurrency has always been centralized and not controlled by anyone, it suits me.

DeepChipolino

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Having suffered losses from scammers, many will want regulation. Even to the detriment of the idea of cryptocurrency. Someone must take responsibility for the safety of market participants. If we ourselves cannot take care of ourselves, then there will be organizations (most likely, state ones) that will take care of this. Not for free. We will choose the way cryptocurrency.

Leyss

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The introduction of rules for ICO activities is several years late. If the regulation of ICO by states would have been earlier, now we would not have such a disastrous result now. Regulating the activities of ICO would solve the problem of fraud among such projects.
Of course, the regulation may also be different. It is possible to prescribe such conditions for an ICO that they will significantly slow down the normal conduct of an ICO. Therefore, it remains to hope for the prudence of those government agencies that will create these rules.

CryptoBry

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Quote from: forexandcryptoauditor on May 30, 2019, 11:17:19 AM

At the moment there is kind of flood of scam projects and exchanges and wallets hacking news. All these situations are creating nothing but loss of investor's money. For not having regulations, there is no authority to check the upcoming projects legit. With regulations not only investors’ confidence will increase in crypto market but will definitely attract new investors which will help increasing the entire market capitalization.
What are your thoughts on regulation topic and when to do think its possible to apply? will there be any negative effects to the market as well?

Scams are proliferating and spreading like a wildfire in cryptocurrency industry all because anybody can put up a project even a fake one, gather a team using fake profiles and then put-up a website where the crowdfunding is announced. Some scammers are excellent at what they do so they sometimes evade detection from the community. I am for the regulation of these projects to protect the interest of the investors. There should be an office that will look into the authenticity of the people behind the project and can issue an approval before any crowdfunding can be done. Hopefully, with the coming of the IEO under reputable exchanges, the chances of scams can be lessen. Just avoid participating with IEOs of doubtful and scam-filled cryptocurrency exchanges (and there are many of them).

Tipstar

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Firstly you can't fully regulate the crypto market. You can't just track every transactions.
And no one would regulate crypto for free. It's a huge responsibility and task and if government is to regulate them, they would want a higher cut from the profit of the investors and traders.
And lastly crypto was imagined as a free coin not controlled by any central entity. Regulation would be against the crypto dream.

Cacingkemi

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Regulations well since KYC was implemented IMO it was included in the regulations, the negative effects for the market don't seem to be there cause the rules are made to maintain balance. I still don't understand what rules to apply for crypto here? While cryptocurrencies are made for freedom.

Adriano2010

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Well there can be some modification on crypto market but this will depend on what kind of regulation will be, i agree that there is a lot of scams which affect now the market but people shoud have more attention to.

forexandcryptoauditor

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At the moment there is kind of flood of scam projects and exchanges and wallets hacking news. All these situations are creating nothing but loss of investor's money. For not having regulations, there is no authority to check the upcoming projects legit. With regulations not only investors’ confidence will increase in crypto market but will definitely attract new investors which will help increasing the entire market capitalization.
What are your thoughts on regulation topic and when to do think its possible to apply? will there be any negative effects to the market as well?

Topic: Regulations in crypto market - page 4. (Read 671 times)