Topic: Why do we need to regulate digital money - page 11. (Read 5040 times)
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.
Digital currencies is definitely new to the general population and it unquestionable needs a few guidelines to hold it set up and for it to be a standard. Controls are made to keep society all together and with the passageway of digital currencies it needs directions so it can't be utilized illicitly.
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?
I believe, with the right rules. Bitcoin will actually eliminate, or at least reduce crime. Examples of money laundering, extortion and so on
As long as powerful governments exist (which they certainly will in the short to medium term, and most likely will in the long term), regulation is pretty much inevitable.
It's important for them to regulate it so that they can monitor what taxes people are paying, since many Bitcoin users seem to avoid it. It's also important for them to try and prevent illegal activity by monitoring exchanges.
Sure, regulation isn't very effective in all cases, but when you have laws in place, you need to be careful not to let some people off the hook or you'll end up with protests.
It's important for them to regulate it so that they can monitor what taxes people are paying, since many Bitcoin users seem to avoid it. It's also important for them to try and prevent illegal activity by monitoring exchanges.
Sure, regulation isn't very effective in all cases, but when you have laws in place, you need to be careful not to let some people off the hook or you'll end up with protests.
Interesting! But here's a thought, isn't avoiding taxes one of the biggest reason why people are interested in bitcoins in the first place?
in my opinion, having digital money with paper money is very different and digital money must be noted for its development, namely the ups and downs of prices and the need for patience to have a good price.
We are the cryptocurrency , I don't mind if government regulate it bcos some individual or group are using it to scam or committing other social vices
In terms of profits, regulation may bring new investors, which will positively affect the price.
Yeah. Fiat which has physical form is regulated, how much more are digital and virtual currencies, right? It is just normal or just to regulate this industry. One reason is, to control the people who will get in and out of the scene. People who conform with the rule can freely move inside the crypto world. Second, it is just like money, government need taxes from the income we make, especially for traders. If it will not be regulated, then the government may lose opportunity to collect what is due. Third, for the security of its people. The government will not trade security over this. If people will be unjustly enriched over the suffering of others, then they will not promote it. Hence, regulation is really needed.
I think that we need to regulate digital money is because Bitcoin strengthened the purchasing power of the people. Once the purchasing power of the people increase drastically, the laws of Economics will severely impacted, resulting into chaos within the country and destablization of the government.
Actually, what needs to be regulated is from the regulation of cryptocurency from each country, if every country can regulate cryptocurency regulation properly, then I think misuse of digital currencies can be minimized.
Digital currencies have changed a lot, digital currencies do need to be organized so as not to happen for abuse by criminals, and with those rules will make the user feel comfortable.
I agree, there are still possibilities that crypto can be used in illegal things. I do believe that it is good when we can transact anonymously but on the other side of it, it is more good that this powerful and precious creation will used on its real purpose.
Hello!!!
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. As long as powerful governments exist (which they certainly will in the short to medium term, and most likely will in the long term), regulation is pretty much inevitable.
It's important for them to regulate it so that they can monitor what taxes people are paying, since many Bitcoin users seem to avoid it. It's also important for them to try and prevent illegal activity by monitoring exchange!!!
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. As long as powerful governments exist (which they certainly will in the short to medium term, and most likely will in the long term), regulation is pretty much inevitable.
It's important for them to regulate it so that they can monitor what taxes people are paying, since many Bitcoin users seem to avoid it. It's also important for them to try and prevent illegal activity by monitoring exchange!!!
I think the digital currency has really helped the society for tho who follow it tho. It has realy helped change the perspective of some and pushed some higher than were they are. Brought about balance among the classes of people in the society. But the digital world need to orginzed to still remain relevant in the society.
I think if all digital currencies will be regulated, then there will be demand more, but the price will be about the same, because there will not be such sharp falls and take-offs and this will lead to stability. I think it's better to let digital currencies be regulated and give us a stable income than what is happening now, every second digital currency is a scam in the best case.
Crypto currency can not exist outside the territory of specific states. States, in turn, can not for a long time not notice that digital money of great value does not belong to any state on their territory. Therefore, states are compelled to regulate its circulation and it is necessary to reconcile with this. Moreover, such a process of regulation is necessary and the crypto currency itself. In order for her to legally walk and have protection of the state, such regulation is necessary for her.
I think we need a centralized regulatory body or several bodies that has an international reach to minimize corruption, scams that happens on the cryptocurrency world! In the long run it will be good for everyone. This sort of plan has to be in motion, until Humans cultivate better qualities about other human beings ...
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.
One of the core reason is: anonymous, do not track, not regulated digital currency will make form a closed loop technology crime, money laundering and terrorist, and disappear from unsolved bits, bytes, while the impact damage with each person in this world.
If every penny of extortion is tracked, is there enough motivation and courage to launch a WannaCry to attack the world?
One of the core reason is: anonymous, do not track, not regulated digital currency will make form a closed loop technology crime, money laundering and terrorist, and disappear from unsolved bits, bytes, while the impact damage with each person in this world.
If every penny of extortion is tracked, is there enough motivation and courage to launch a WannaCry to attack the world?
I aggree that crypto currency should be regulated in most countries since the population is continuously increasing and the market is gradually expanding. Crypto is used in almost anything these days and by anything, it can be used in illegal activities since people know that they are anonymous and they are basically untouchable since no one knows who they are. Although it may not be beneficial to most people, it is what we all needed to ensure everyone is safe and everyone is playing fair.
Digital currencies have changed a lot, digital currencies do need to be organized so as not to happen for abuse by criminals, and with those rules will make the user feel comfortable.
I agree, there are still possibilities that crypto can be used in illegal things. I do believe that it is good when we can transact anonymously but on the other side of it, it is more good that this powerful and precious creation will used on its real purpose.
There is a possibility that digital money is used for illegal activities. For this reason, the 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.
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