Topic: Why do we need to regulate digital money - page 12. (Read 5040 times)
Its needs regulations to be trusted by many people and parties, government legalization will make a good effect on the use of cryptocurrency, the regulations is really needed.
completely disagree with the author. I think that bitcoin does not carry anything wrong with itself and what you wrote about washing money and stuff is complete nonsense. money laundered in Fiat
We want to alter the number of ICO's being proposed by means of corporations and provide lots more stricter rules to avoid customers from losing most in their money on scams and frauds. With whats taking place inside the marketplace now, it is ideal if this elements be regulated and controllesld as a result.
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?
Yes, regulation is definitely needed. As there are no laws and regulations in the crypto market, anyone can open an ICO just to rob the investors off their money. Day by day scams are increasing. And there is no one who can look over this entire issue. Under such circumstances regulation is the need of the hour. This can also guarantee the minimum value of the cryptocurrencies. 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?
Unfortunately, cryptocurrencies are getting too big for regulators to ignore much longer.
We all might want our assets to be safe and have a system that is truly protected, regulations must be exist in cryptocurrency because the assets of tokens, wallets and trading that we have need protection because of the many risks from cyber attacks, it is necessary to make high standardization so that the level of security in the crypto world must also be increased.
Applications such as KYC (Know Your Customer) and AML (Anti Money Laundring) will help overcome criminal acts using crypto. but there needs to be a lot of review even though in the crypto world nothing can be hidden, all transactions are recorded in the ledger, and will make it easier to track the source of the transaction. rules or regulations for crypto that bring legitimacy or legal quality based on the acceptance of decisions in court need interference from the government which makes it safer than cyber criminals..
many people have said that and not the best solution to the problem of anonymous digital money. AML and KYC are based on market activities in each country, but when there are lots of transactions outside the country are AML and KYC effective? in my opinion, there must be a consortium throughout the country to solve the problem. Applications such as KYC (Know Your Customer) and AML (Anti Money Laundring) will help overcome criminal acts using crypto. but there needs to be a lot of review even though in the crypto world nothing can be hidden, all transactions are recorded in the ledger, and will make it easier to track the source of the transaction. rules or regulations for crypto that bring legitimacy or legal quality based on the acceptance of decisions in court need interference from the government which makes it safer than cyber criminals..
I agree with you. It's true that there are a lot of negative news in the encrypted world today, and these negative news can be well controlled if moderately regulated.
The regulation is not an issue to bitcoin in fact it is a good move for a government to embrace cryptocurrency by regulating the exchange for crypto. As we all know for those crypto lovers that cryptocurrency is an opportunity for us to earn more just like gambling in the casino which is being regulated also by the government. But cryptocurrency if compared to casino is better because earning profit is not that difficult in a simpler way of holding and selling crypto.
I think I like Your opinion it is seriously onpoint, but we only get to get it done, once Bitcoin is accepted by every part of the world and becomes global currency which will make it easier, rather than regulate from part to part.
I think that regulating digital money is the best way to control everything for the government. i don't think that traders want that btc is regulated, to my mind, it is better to get btc and hold it for the long-term without any regulation
How do we reguate bitcoin and other digital money? Bitcoin is independent of governments and banks and uses blockchain technology, where encrypted digital coins are created by supercomputers. The virtual currency is not regulated by any central bank but is instead overseen by a community of users who try to guard against counterfeiting.
One of the cogent reasons digital must should be regulated is for security and transparency. This will reduce the level of how deviant people use it for terrorism and crime and it will boost the adoption and confidence of this currency in the world
We all might want our assets to be safe and have a system that is truly protected, regulations must be exist in cryptocurrency because the assets of tokens, wallets and trading that we have need protection because of the many risks from cyber attacks, it is necessary to make high standardization so that the level of security in the crypto world must also be increased.
Applications such as KYC (Know Your Customer) and AML (Anti Money Laundring) will help overcome criminal acts using crypto. but there needs to be a lot of review even though in the crypto world nothing can be hidden, all transactions are recorded in the ledger, and will make it easier to track the source of the transaction. rules or regulations for crypto that bring legitimacy or legal quality based on the acceptance of decisions in court need interference from the government which makes it safer than cyber criminals..
Applications such as KYC (Know Your Customer) and AML (Anti Money Laundring) will help overcome criminal acts using crypto. but there needs to be a lot of review even though in the crypto world nothing can be hidden, all transactions are recorded in the ledger, and will make it easier to track the source of the transaction. rules or regulations for crypto that bring legitimacy or legal quality based on the acceptance of decisions in court need interference from the government which makes it safer than cyber criminals..
Bitcoin is very popular currency all over the world. Regulate of cryptocurrency is good.Its prevent lot of damage of cryptocurrency. Regulation has prevent wrong use it. Regulation also give guideline how to use cryptocurrency.
regulation might do some good to crypto, but the best option would be decentralized self regulatory bodies created directly by crypto community, thus the people who understand it
People love bitcoin because it’s anonymous and not regulated. It’s true that they are some people who use it for money laundering, or financing the crime. I really like btc but i don’t support when people use it to finance the crime. But i’m not sure if the regulations can help to prevent these.
In order to have a modern digital currency that is suitable for human needs, we need to produce more profitable digital coins as well as satisfy a number of needs. Basic of the investor
Well the legislature as the managing body have the duty of controlling all the money related exercises that stream inside they domain and bitcoin is a piece of that budgetary foundation, directing bitcoin will limit the level of misfortune in the framework and furthermore help to diminish the hazard financial specialists confront while putting resources into bitcoin.
Bitcoin is very popular currency all over the world. Regulate of cryptocurrency is good.Its prevent lot of damage of cryptocurrency. Regulation has prevent wrong use it. Regulation also give guideline how to use cryptocurrency.
The possibility of digital money is used for illegal activities. For this reason, his party 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.
I totally agree that digital money or crypto currency should be regulated because it it the way for people to be guided on how to use it properly. This is a great technology that has brough a lot ot positive changes to our lives but then again it can also do so much damage or bad things if used incorrectly or if it's abused.
Jump to: