some says that if cryptos are regulated , it will now become stable and many people like crypto to become stable because they can now earn a good stable income . aside from stability , cryptos can now be charged a tax if it is under the influence of government which is also a good idea , because the tax that collected from cryptos can usually go to the development of a certain country as long as the country accepts crypto and as long as the government is not corupt .
that is only few of the advantages from being regulated .
Topic: Why do we need to regulate digital money - page 14. (Read 5040 times)
I think digital money should play a role as a reserve currency, it is considered as a property, the traditional currency system is still stable, digital money only contributes to the economy. The global economy is becoming more diversified
There should be a common rule for the cryptocurrency, to ensure equality for all people, businesses, and governments of all nations. Governments can control the cryptocurrency, but control must follow global rules.
Regulation of the crypto currency is necessary for both states and users of crypto-currencies. On the one hand, the state can not long ignore the circulation in the country of foreign money of very high cost, high degree of anonymity and volatility. On the other hand, crypto currency users need certainty in the status of the crypto currency, clear conditions for its circulation inside the country and legal protection of the state with respect to the right to crypto currency. All these circumstances, and above all of a legal nature, require a certain regulation of the country's crypto currency.
Digital currency is necessary to regulate in all over the world because it prevent the misuse of the currency. If you insist that digital currencies shouldn't be regulated, then we have a problem at hand. Many governments will find it harder to permit its free flow.
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 think that a good idea of digital currency regulation also needs to be regulated so that it is not used for illegal activities. most countries and governments reject cryptocurreny because they think the anonymous nature of cryptocurrency is very easy to use as an illegal transaction tool. the development of cryptocurrency values and prices cannot be controlled by anyone, but if the movement and sales I think can be regulated.
they could poss threat to securities and also cause money laundering. Scammers can also be traced with policies, and procedures which could bring a wider acceptance of the cryptocurrencies.
for sure
they could poss threat to securities and also cause money laundering. Scammers can also be traced with policies, and procedures which could bring a wider acceptance of the cryptocurrencies.
Digital currencies including cryptocurrencies such as Bitcoin, Ethereum, and Ripple, these can pose numerous security challenges for governments.
Stiff regulation invariably may lead to some form of centralization and eventually destroy the primal ideal of decentralization which cryptos brings, imagine the government fixes a minimum amount of cash say 250k$ for everyone who intends to invest in cryptos, that will essentially remove the poor from the market and make it for the super rich.
If cryptocurrencies are not regulated by anyone, for example, 1 bitcoin can cost 1000 000 dollars and every second resident will become rich.At the same time, no one will want to work and everything in the world will collapse!
It might lead others to money laundering. Avoid others who don't undestand bitcoin from scam as well. For me because we cannot educate all of the people in our country.
Digital money must be regulated because each state government has their own FIAT which is the main payment instrument. Of course, the government will limit the use of digital money in its country. In essence, the regulation was made to limit the function of digital money that could reduce the use of Fiat in a country.
If there's a limit of digital money usage, the government has their own reasons to do that. They're threatened that digital money will overpower fiat currency, because the people was more desirable in patronizing digital currency due to its fast transaction method. In real scenario it doesn't reduce the use of fiat in the country and it was just their hesitations. The people will not use digital money most of the time, there might be instances that we need to cash out our digital money for local good particular of establishment that doesn't have digital currency payment options.
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.
not only abuse by criminals but also the security of digital money is a problem. changing forms of money making thieves way also changed because of the crime also evolve 
We need to regulate the digital currency in the whole country so that it can easy to us to get in business or even in different transaction in terms of payment online, digital currency is very useful when you go to in abroad no need to bring fiat money instead bring only your gadgets.
digital currency or money must be regulate, in order the money inside a government must circulate well. And the hackers will not be interested in doing something wrong
Digital money must be regulated because each state government has their own FIAT which is the main payment instrument. Of course, the government will limit the use of digital money in its country. In essence, the regulation was made to limit the function of digital money that could reduce the use of Fiat in a country.
As demand for cryptocurrency grows, global regulators are divided on how to keep up. Most digital curriencies are not backed by any central government, meaning each country has different standards. Digital currency is necessary to regulate in all over the world because it prevent the misuse of the currency. Some of the countries like Japan, Thailand etc has been regulated the cryptocurrency and here are accepting the digital money .
We need to regulate the crypto space because of us. Scammers can be traced with policies, procedures and regulation. With that, there will be a wider acceptance of the cryptocurrencies. We need to know we are safe in investing our hard earn coins
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