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Topic: Should Cryptocurrenies be regulated??! Thoughts about that? (Read 319 times)

copper member
Activity: 266
Merit: 0
Regarding the issue of regulation, i doubt whether it is really good for the crypto market. Believing through regulation, there would not be such a highly volatile market. That is good, but maybe not so interesting for investors.
full member
Activity: 632
Merit: 122
This issue of regulation has been out there so many times and I think it will be good for the industry if there is regulation which serves as check and balance to the activities of bad actors and also bring a high degree of confidence in Cryptocurrency industry for traditional investment. The good part of regulation is more than the bad part of it but I think a self-executing regulation will be better for the industry especially when it comes to aspects of ICO investment.

Regulation is a double edge sword, it is very good at ICO but it does not good for cryptocurrency itself.
many people came here because of their freedom in financial, what is the point moving to cryptocurrency if the government can track everything that we own?
it will bring a high of confidence to those traditional investors, they only care about profit while some of us care about revolutionary.
copper member
Activity: 140
Merit: 0
This issue of regulation has been out there so many times and I think it will be good for the industry if there is regulation which serves as check and balance to the activities of bad actors and also bring a high degree of confidence in Cryptocurrency industry for traditional investment. The good part of regulation is more than the bad part of it but I think a self-executing regulation will be better for the industry especially when it comes to aspects of ICO investment.
member
Activity: 1050
Merit: 10
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Crypto currencies should not be regulate. But the government from all over the world will regulate it anyway. Without regulation they will not accept the development of any blockchain based crypto currencies. Cause the bitcoin and other crypo currencies was stated for decentralization. But government want the power so its hard for them to accept decentralization. But they will not directly regulate currencies but they will come with some rules for exchanges at first. And if they use any crypto for development then they will regulate it too.
full member
Activity: 938
Merit: 137
crypto does not need to be regulated, if crypto is set what is the difference with a large government or company. crypto creates independent staff and everyone in Crypto has the right to be responsible.
If we want a cryptocurrency to develop, it must be regulated by the states. This means, first of all, that the state establishes official status for it, determines the order and conditions of its circulation in society. Regulation of cryptocurrency does not mean that the state will interfere with the basic principles of its existence, and in most cases it is not able to do so.
sr. member
Activity: 1204
Merit: 250
clearly must be regulated because with the existence of our rules can be guided properly, only the rules must also be clear and not burden any party so that the cryptocurrency can be more advanced and many want to use it.
hero member
Activity: 1456
Merit: 579
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What kind of regulation we need for the crypto currency usage?

Only exchanges can be regulated not the user's wallet so if someone want to use crypto currency in their way then they can use it with no restrictions but for spending it maybe regulated and it is much appreciated since it builts trust among people.

all the altcoins are only used inside exchanges so there is only one usability for them and that is trading and what regulations mean for them is regulating the exchanges. and doing that means 100% regulation of altcoins because it will cover all their use cases.
in which case it can even be a good thing because exchanges are always the weakest link as they get hacked, scam users and run away,... and regulations can reduce the risks (not remove but lower them).
sr. member
Activity: 2436
Merit: 272
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What kind of regulation we need for the crypto currency usage?

Only exchanges can be regulated not the user's wallet so if someone want to use crypto currency in their way then they can use it with no restrictions but for spending it maybe regulated and it is much appreciated since it builts trust among people.
full member
Activity: 588
Merit: 100
Honestly speaking I think regulations are needed more than ever in the cryptospace. Why am I saying so? We have experienced countless crime stories and various ways ever since the inception of crypto and that deters people from joining us. With regulations, these scams will reduce and then subsequently boost the trust people have for crypto.
jr. member
Activity: 161
Merit: 1
crypto does not need to be regulated, if crypto is set what is the difference with a large government or company. crypto creates independent staff and everyone in Crypto has the right to be responsible.
member
Activity: 448
Merit: 10
such actions will bring serious consequences for most of the people and projects associated with the ico
copper member
Activity: 126
Merit: 1
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There is still a lot of uncertainty in the Cryptocurrency space, which is also caused because there are not clear rules for regulations yet.

As said in this article: https://flagshipcrypto.com/should-cryptocurrencies-be-regulated/

Do you think Cryptocurrencies should get regulated, or what is your take on that?

If cryptos will be regulated, the promotion of ICO's will be limited, not all ICO will going to be implemented on the market as regulation will filter out those who will not going to comply. The good thing is, Scam ICO's might be spotted and avoided.
legendary
Activity: 2982
Merit: 1069
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For crypto currency to prosper as a valued token, there should be regulations. An unregulated market would be a territory for scammers.
Lack of regulations and scams is one of the reasons why darkweb never got serious attention. And crypto too were heading on the similar path.
jr. member
Activity: 350
Merit: 3
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maybe yes or maybe not, in my opinion if Cryptocurrency is regulated it will be able to improve security and reduce the level of scam and hacking but it might make using crypto more difficult.
and if crypto is still not regulated, the scam will continue to exist and the risks faced will remain high but the use and access of crypto is still easy. this is just my opinion
hero member
Activity: 1470
Merit: 655
it is nowhere as easy as you may think it is.
being regulated is never going to be the same everywhere. in some countries regulations can potentially mean a much higher adoption and many shops accepting bitcoin or any altcoin that is actually a currency but in some other countries it can mean high taxes and restrictions that can further limit the adoption.
jr. member
Activity: 98
Merit: 2
Crypto needs an inspection or editing. But as a result, the crypto will lose its centrality?
sr. member
Activity: 1204
Merit: 250
regulation about rules is not yet clear, so to make it, of course there must be an agreement between the government and crypto only in this matter, about that, hopefully in the future the regulation can be made and benefit all parties.
jr. member
Activity: 406
Merit: 2
There is still a lot of uncertainty in the Cryptocurrency space, which is also caused because there are not clear rules for regulations yet.

As said in this article: https://flagshipcrypto.com/should-cryptocurrencies-be-regulated/

Do you think Cryptocurrencies should get regulated, or what is your take on that?

Regulations can make crypto space is be safer for trading. I do see more problem when it is regulated and be like our 'fiat' and it might also make more people less interested to trade as trading crypto become a difficult thing to do.
copper member
Activity: 210
Merit: 0
i am not sure if cryptocurrencies should really be regulated. in my opinion, it could harm the development of crypto and limit the market too much. but what should certainly be regulated is the ico market.
full member
Activity: 1316
Merit: 108
There is still a lot of uncertainty in the Cryptocurrency space, which is also caused because there are not clear rules for regulations yet.

As said in this article: https://flagshipcrypto.com/should-cryptocurrencies-be-regulated/

Do you think Cryptocurrencies should get regulated, or what is your take on that?
Of course, the cryptocurrency should be regulated by the states. Regulation should be subject to the order of circulation and use of cryptocurrency within the state. Without this, the level of fraud in it will steadily grow and we can not do anything. Since the states as a whole decentralized cryptocurrency is not very profitable, the level of cryptocurrency regulation by the states will increase and become tougher over time.
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