Topic: Why do we need to regulate digital money - page 2. (Read 5040 times)
if the regulations are made for more safer and support wider adoption of cryptos then it will be boon for the community. like regulations on ICOs can reduce scams, regulations on exchanges can support more transparent trades leading to less volatility, and so on. but yes regulations shouldn't hamper the core fundamentals of blockchain. so it all comes down to the way the regulations are made.
Everybody has its own opinion about regulations. Some people wants these regulations but some doesn't wants it. But according to me regulations are compulsory for all digital currencies because after these regulations government have a full control of digital currencies and it will controlling it & stops the manipulating, extortion, scam activities, money laundering and illegal transactions.
And i feel that these regulations will attract new peoples to investment in it and it will make the user feel comfortable.
And i feel that these regulations will attract new peoples to investment in it and it will make the user feel comfortable.
Then what will be difference with fiat money? I don't say regulation is not needed. But full control by the governments will kill cryptocurrencies.
Everybody has its own opinion about regulations. Some people wants these regulations but some doesn't wants it. But according to me regulations are compulsory for all digital currencies because after these regulations government have a full control of digital currencies and it will controlling it & stops the manipulating, extortion, scam activities, money laundering and illegal transactions.
And i feel that these regulations will attract new peoples to investment in it and it will make the user feel comfortable.
And i feel that these regulations will attract new peoples to investment in it and it will make the user feel comfortable.
i think regulation is veryimportant in a country because we can see that many government that dont agree with bitcoin, and i think the solution is make a regulation for bitcoin and crytpcurrencies, so with this statement i think we can see that bitcoin is legal in that coutnry again
Regulating cryptocurrency is the main focus of the governments in order to stabilize the prices of coins on the market and also check the persons behind the transactions. Regulating cryptocurrency will allow the governments to accept cryptocurrency and announce it legal in most countries. This will cause more potential investors to join crypto yet crypto cannot be much lucrative as it uses to be due to the price stability that might follow the regulation.
we all hope that the value of bicoin will continue to grow. therefore, regulation is important to keep bitcoin growing. because without regulation, bitcoin will make investors doubt, especially new investors. because parties from the government themselves, do not state that bitcoin is legal. as mentioned above, bitcoin has many benefits, and it is appropriate to be given regulation.
Because digital money is very fast, more secure and very safe unlike fiat money that very risky if you bring a huge amount of money you looks too afraid that maybe some bad peoples around you will take your money
I think we don’t need that much regulations for digital money. I feel like it doesn’t fit the main goal.
I am happy there are people that understand it!
It makes me really sad to read here: yess dear government, we are stupide kids, please regulate our money and our lifes, and don't forget to take ur salary.
Satoshi gave us unique possibility to take controll on our finance again in our hands but the most people are not interested.
I think that the government should regulate digital money so as to protect the people. It is also one way of gaining the trust of people and will fasten the full adaption of digital money. Through regulation, market manipulation will be avoided and the illegal transactions will be stop.
I think we don’t need that much regulations for digital money. I feel like it doesn’t fit the main goal.
I am happy there are people that understand it!
It makes me really sad to read here: yess dear government, we are stupide kids, please regulate our money and our lifes, and don't forget to take ur salary.
Satoshi gave us unique possibility to take controll on our finance again in our hands but the most people are not interested.
I also agree with you. Crypto currency has more possitive features than official currency. So, if we can find out a good way to regulate it, I believe it can replace traditional currency
Hm... what do you mean exactly with WE? WE will sure not regulate it but again THE GOVERNMENTS!
I am adult enough to take my decisions myself, I don't need the government to tell me what i am allowed and what not.
It's not the sense of the cryptos to give all responsibility and decision power AGAIN to the governments and their central banks.
In my own opinion and knowledge, I think there's advantage if a single Crypto or digital money will be regulated. It's a Currency that is as valuable with fiats. Since we're at infancy stage, therefore regulations and support from government is bit needed to gain aid for mass adoption.
Digital currency has come as an alternative to our traditional old way of financial transactions which is the bank which involve the third party, but the fact still remains that digital currency need more regulations in other to cumb the abuse of digital currency being used to carry out illegal financial transactions which will be without trace.
Digital money platform can be advantageous to people who only want to do dirty jobs and hide sorry money from public circulation. Regulation of such digital money can be beneficial to most of us because it protects the interest of not only the consumers but the market as a whole. We don't want this platform to be tainted by terrorists or launderers. What we want is a healthy market that will protect our hard earned money.
Regulation will not prevent future bitcoin crises, but it can help manage their impact and minimise the disruption caused. This is critical. As humans, we have strong aversions to loss and uncertainty. Regulation provides an emotional salve that soothes our tail risk.
It is better to stay what it is, crypto currency has known for its anonymity and volatility, if we regulate it, it will become just like normal currency, many choose to invest in crypto because of the better profit they will made.
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.
It is important to have digital money, it purpose to be more secured and you can withdraw anytime you want. It useful because we are now depending in technology because of this it's more convinient for us in terms of transacting money.
To be honest, recently i’m not sure about what to think about this. I think we don’t need that much regulations for digital money. I feel like it doesn’t fit the main goal.
It is necessary to regulate cryptocurrencies in order to reduce the level of fraud and the risks of losing money.
Cryptocurrency cannot exist outside the territory of specific States. Governments can not ignore the fact that the cryptocurrency has such a value and is very popular. I think the settlement process will soon come, as the cryptocurrency market and the state are interested in it.
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