Why do we need to regulate digital money - page 10.

ribowo76

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The World's 1st Waste to Green Energy DLT Project

Quote from: FallenBtcAngel on September 11, 2018, 06:08:31 AM

Quote from: ribowo76 on September 11, 2018, 05:45:44 AM

I believe, with the right rules. Bitcoin will actually eliminate, or at least reduce crime. Examples of money laundering, extortion and so on

Do you think btc will? Smart contracts look better for that case, do they?

Whatever the conditions, I personally have faith. That bitcoin still needs regulations to avoid abuse

zheniasom

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Digital currency is to change the world, many of which were positive, to a certain extent, they pose a containment of the government, gave the people an alternative, but that doesn't mean they don't need to be regulated. Digital currency is like with paper money though they are different in features and process in using, both of them have the same usage. Crypto and fiat have value and they are currency. When we talk about the currency, we also talk about how the economy flows. Government imposed a law in digital currency because it can be a source of crimes. If the government will not regulate cryptocurrency, it can be a tool someday to make a war and will result to a conflict in our society!!!

PhuongVo2702

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Because if the government can't control it will make your country face with terrorism, money laundering,... and all of us don't want it caused

alonelyorange

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Its hard to control and giving regulation for cryptocurrency, how to manage of bitcoin price, some time bitcoin at higher price and some time bitcoin have drop to lower price. just people have great soul can invest and joined cryptocurrency as investment.

yatsey87

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For the same reason we need regulations for everything else. People often see 'regulation' as a dirty word but is it bad that we have things like building regulations and money laundering regulations? No. They're put in place to stop people cutting corners and abusing the system and to profit from crime etc as well as keep people safe. Regulations are going to come into the cryptoworld whether we like it or not and if we want bitcoin to go mainstream then it's something that is going to happen sooner or later anyway so we might as well embrace it than try oppose it because that's not going to be something we have any power over anyway.

teamspike911

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Yes, we should not do this. This is the essence of decentralization. What profit will there be then if it is not a crypto currency but the usual digital centralized money like the dollar?

topsyze

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Government regulations will change the course through which blockchain was established.it alters the paradigm shift.

amaterasysky

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Quote from: rindayle on September 11, 2018, 07:59:16 AM

I think that everyone need to adjust in order to further prevent runaway processes. This is clearly seen against the background of the cryptocurrency when it took off and had a very good value, and now gave a very strong drawdown. It follows that everywhere you need control and competent management.

What kind of control can be done if the underlying assets of the cryptocurrency are in the hands of developers or whales. This greatly undermines the initial trust in the cryptocurrency as a whole. I like the idea of cryptocurrency, but its regulation will be very questionable, because initially the crypt was conceived as an unregulated asset, and now for its further development, it is necessary to make regulation that undermines the foundations of crypto-currencies and blockchain.

rindayle

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I think that everyone need to adjust in order to further prevent runaway processes. This is clearly seen against the background of the cryptocurrency when it took off and had a very good value, and now gave a very strong drawdown. It follows that everywhere you need control and competent management.

hotBriX001

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The revolutionary trading ecosystem

Quote from: poletando on September 11, 2018, 06:46:18 AM

the reason why bitcoin and 0ther digital currency is need to be regulated is to prevent the inflation and deflation in a country because the anonymousity government and other people can't see the economy transaction and anything else, so maybe bitcoin and other cryptocurrencies need to be regulated soon

Agree. Because decentralized currency is anonymous and nobody can controlled it if it is not be regulated. By means of regulating digital currency every transaction will be made transparent and can be easily controlled by the government if taxes will be establish to further helps improve such countries economics.

Rustandy

newbie

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It's only a matter of time before digital money or cryptocurrency is under government regulation. This is inevitable. This is very clear where we need international regulation and proper supervision, it is possible that digital digital money is used for illicit activities. The current government has actively prevented the use of digital money for the purpose of money laundering and terrorism financing. However, arrangements are still needed for the entity and more for activities, such as who does what, where they get a license and are supervised. Most digital money transactions have until now been run without regulation, especially since bitcoin first launched in 2009. However, the government and central bank are now starting to pay attention and warn investors of the potential for fraud.

msk19

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ADVANCED UX ON BLOCKCHAIN DAPP

Supporters and participants of the black Internet are increasingly using Bitcoin. Currently, there are coins that provide great anonymity of the data.

equal2detask123

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My personal take would be that Bitcoin and crypto, do not need really a regulation, because this technology having worked and survive for a long period of time, and does not create any chaos in the digital business, so this digital money need not to be regulated unless the government will accept it as one of the national currency in the country so it will be regulated.

letecia012

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Digital currency should need to be regulated by the government to protect its citizen's investment no be manipulated by certain companiescor individuals and to minimize the impact of money laundering in digital currency. it is the government duty to impose regulation to make digital currency more effective and safe to use.

amaterasysky

copper member

Activity: 160

Merit: 1

Quote from: poletando on September 11, 2018, 06:46:18 AM

the reason why bitcoin and 0ther digital currency is need to be regulated is to prevent the inflation and deflation in a country because the anonymousity government and other people can't see the economy transaction and anything else, so maybe bitcoin and other cryptocurrencies need to be regulated soon

What kind of bitcoin would you like to see? After all, if you take the example of the financial system, in General, it is the same one way or another in the world. To country at the official level, recognized the cryptocurrency, it is necessary that all did the same, for this to be a collected group of countries, for the adoption of such solutions. At the current level of education of people and officials with the blockchain, a bright future can not yet be dreamed of.

romantic007

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I agree with you. People have been making the world economy better and better for centuries and any kind of unregulated money movement is a threat to what we have now.

John.Verdon761232

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ICOHOLDER SUPPORT

Regulation can have a double property, some people will begin with a great deal of confidence in the priptivates, while others will stop investing in them.

poletando

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PlayGame.com

the reason why bitcoin and 0ther digital currency is need to be regulated is to prevent the inflation and deflation in a country because the anonymousity government and other people can't see the economy transaction and anything else, so maybe bitcoin and other cryptocurrencies need to be regulated soon

FallenBtcAngel

newbie

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Quote from: passeroutpass on September 11, 2018, 06:15:57 AM

Unfortunately, digital currencies are not regulated by anyone and therefore it is impossible to prevent the appearance and issue of coins that can be used by criminals.

Well, I tend to think that, the usage of coins by criminals isn't as big as it's declared. Moreover, it's used to manipulate people's mind and earn on it by lowering the price when needed.

matej451

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Every currency is digital currency nowadays. There are digital currency that works on block chain technology and other currencies that uses old structure based on banks.

Regulation will come sooner or later. Till now crypto is spreading. In this stage government and banks still thinks that they rule the game but this will change soon and then all those institutions will try to gain something out of crypto so regulation will take in place at that stage.

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