Topic: Why do we need to regulate digital money - page 3. (Read 5040 times)
Actually, I do not want to see digital money under such regulations! Bitcoin is good without regulation. It is anonymous and well accepted by everyone! But if bitcoin goes under regulation then volatility can be reduced!
Think of Bitcoin as a fiat currency. Except in this case, there is no government, the government is the people of the Internet. Netizens. You and me. Bitcoin needs to be organized so that it does not happen for the abuse of criminals, and makes the investor feel safe.
I think that regulation is necessary for cryptocurrencies, but not because of terrorism. Regulation is needed for the blockchain to be accepted by the society
Yeah i also appreciate your positive thinking but all things has two sides positive & negative and negative side is so attract-full to all people always. that could not be controlled by any rules & regulation. so we should use blockchain as legally as much as possible.
Digital money isn't just "money" but is part of a larger ecosystem. Consider Initial Coin Offerings (ICOs). The typical process is that you use regular money to buy Bitcoin or Etherium to then buy a brand new cryptocurrency. The idea is similar to an IPO as a means to raise money, except IPOs are strictly regulated by the government. ICOs are not strictly regulated and, guess what? Almost every single ICO is scam. Fraud is literally the default.
I think that regulation is necessary for cryptocurrencies, but not because of terrorism. Regulation is needed for the blockchain to be accepted by the society
so crypto and bitcoin can be accepted all over the world and become future means of payment. I think there have to be rules and regulations to protect crypto guaranteeing the benefit of everyone using crypto.
if theres no regulating the altcoin creators & exchangers can freely arrange as they like. and if there no regulation I am worried that users will be harmed. and they can receive as much profit. with the regulation both parties will accept fair profits, and those who cheat will receive sanctions.
we don't have to control cryptographic forms of money yet directions can be additionally useful with the appropriation and development of them or they can be prohibitive and even keep the selection by and large. at last it will come down to what they are controlling and how. for instance on the off chance that it is direction of trades and on the off chance that it prompts a more secure place where individuals can exchange with less hazard that would be something to be thankful for.
In essence, consideration is the recognition of the legitimacy of digital money, digital assets as a kind of asset. When digital money is acknowledged, digital assets are an asset, the next issue to consider is whether or not to allow the transaction of this type of asset as a commodity.
Digital money is built on the real money Blockchain technology. This currency is booming due to the attractive features of the Blockchain platform. However, digital money represents the evil because it implies risks because there is no formal economy and no real financial institution guarantees the intrinsic value.
We do not need to regulate digital money -the cryptocurrencies. The entire idea of cryptocurrencies is that they have no centralized rules or regulations and are not controlled by anyone nor is their demand and supply. The market, their competitive demand and prices determine everything about them and it should remain the same way otherwise they will loose their essence.
On one hand people want cryptocurrencies to be equal and fully implemented and recgonized like fiat money but on the other they don't want regulation. These are two opposite things, they can't go one without the other.
For cryptocurrencies to be implemented in economy and to be fully legal and free to use in every segment of our lives they need some kind legal framework and people and businesses who are using them should be legaly protected. That is why regulation is necessary.
In fact, in essence, converting from digital money into legal money is a civil transaction between entities, similar to the sale of assets and goods. In many countries, such transactions are not recognized or protected. Therefore, it is necessary to adjust as reasonably as possible.
We do not need to regulate digital money -the cryptocurrencies. The entire idea of cryptocurrencies is that they have no centralized rules or regulations and are not controlled by anyone nor is their demand and supply. The market, their competitive demand and prices determine everything about them and it should remain the same way otherwise they will loose their essence.
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 strongly agree with what you convey the good and bad of cryptocurrencies all that depends on the intentions and goals of the investors themselves in fact and requires supervision and monitoring with everything
maybe to do that requires special courage, because the impact is very risky, it can be a war between countries to fight for power to own the full bitcoin share. Hopefully this will not happen in the near future or long, hopefully it is safe.
Usage of cryptocurrencies, despite recent growth in interest, is still quite narrow, so now it can cope without regulations to more or less extent. But the speed with which cryptoworld is developing is incredible, and soon it will become huge financial sphere, that must be regulated for the security and convenience of usage. Regulation doesn’t mean ban or total control of cryptocurrency — it is just set of rules that helps to manage complex system. The aim of regulation is to set working relationship with cryptocurrencies, and nothing more.
For me, its helpful in some point by using in transaction, pay your bills etc. It makes life easier and convenient for anybody, not only in the business industry. You can use it also in earning money invest in a goodway. Theres a lot of things that you can use. But not at all we can regulate bitcoin by in only good purpose.
for me , i dont agree with it because i heard that when digital money is regulated their value can become stable and being stable means they cannot pumped hard and that simply means we cannot expect to earn huge income in the future but theres still a benefit left because we can now hodl our coins confidently without having to worry about consistent fluctuations . though i think , cryptos will loose some volume because investors wont find it a good investment anymore .
cryptos will only become a mainstream currency rather than being an asset .
cryptos will only become a mainstream currency rather than being an asset .
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 agree with you and what you have mentioned is correct but the main question should be not "why do we need to regulate digital money" but "How we should regulate digital money" because majority of token holders wants to see digital currencies getting regulate but the difficult part is to make it happen
'm just a small investor. what does a small investor mean to regulate the bitcoin world? if I do not want to take a headache. the important thing is I keep investing and learn smart in investing of course with experience with incident that I have experienced
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