Topic: Why do we need to regulate digital money - page 4. (Read 5040 times)
I would like to add one more thing which is market manipulation. That's also one of the big reasons we need regulations. Regulations on cryptocurrency could be a game changer because that way we might see mass adoption very soon.
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?
Digital currency is fairly new to the public and it definitely needs some rules to hold it in place and for it to be a norm. In the event that the administration won't control digital money, it can be an apparatus some time or another to make a war and will result to a contention in our general public.
regulating digital money and its assets requires regulation, because with the regulation it will provide security for crypto currency holders and will punish hackers
Due to decentralized nature and lack of power structure inherent in cryptocurrency world, many view regulations as a tactic that can cause explosive price growth and reduced volatility this industry.
This is the same economy in the country, all the money that revolves in the world, you need to settle, because without doing this, house will happen, and money may be in vain not enough.
Crypto currency, like a simple currency, undoubtedly needs to be regulated. Natural market will not be able simply to exist. Therefore, regulation is necessary.
cryptocurrency needs a high degree of regulations to comb out scam projects. What is happening now is so outrageous. Too many scam projects. regulations needs to be instilled. This will stop the manipulations too
The rules of cryptography are aimed at preventing or stopping any virtual currency, especially bitcoin, which is used in illegal actions by some lawless elements. The use of universal regulation is inevitable, since in the near future more and more countries intend to impose financial assistance on it.
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.
this is good news if bitcoin gets better with new rules and I really agree with that
We don't need regulations but many governments want regulation on this market so that they can track the transactions and can take action if any illegal transactions have done. Regulations are better for markets in the long run as that create more confidence in that market which is regulated.
We need to regulate the cryptocurrencies to prevent abused of using this digital currencies. By this methods cryptocurrency can be more trust worthy and to minimized using cryptocurrency for illegal purposes.
Regulation in must in every sector. Regulation brings trust. Lot's of people getting fear to enter crypto because to much volatility. Though we are habituated with volatility but it's not fair game. Big players do anything any time as there wish. To stop their game regulation is very important.
very helpful and instant transcations
because lots of advantages and instant transaction and easily doing so people choice is digital money and easily instant transaction so we need regulate digital money
I believe that regulation in cryptocurrency is necessary at a minimum level, because in this area centralization should be avoided.
It's only a matter of time before digital money (cryptocurrency) is under government regulation. "This is inevitable. It is very clear where we need international regulation and proper supervision, there is a possibility that digital money will be used for illicit activities. Therefore, it currently has actively prevented the use of digital money for money laundering and terrorism financing purposes. , arrangements are still needed by the entity and more to activities, such as who does what, where they get a license and are supervised.
And it seems to me that the old model of the world is becoming obsolete, and bitcoin is one of the steps to change the device of our world. That is why it should remain free and not be regulated by any government.
I guess you are reading the lines wrong, the old ones will never be gone or obsolete because we can't. Even we are highly technological advanced we are not yet in capable of having a change on our financial system simply because digital currency is way too far to compare to fiat currency which we use everyday. Fiat currency will not be obsolete but is heading to it. 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?
There have been many improvements and developments in the field of digital currencies in the past few years. But still a major proportion of the world is not using them. I think that in order to fully utilize the potential of the digital currencies, they need to be regulated. Proper regulations will remove the fear of large amount of population and would also endure that criminal acts are not taking place. 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 digital currency rules are needed to prevent misuse of the currency itself so that it is not considered dangerous by the government and guarantees all users of digital currencies. With the creation of a sense of comfort in using digital money, it is expected that the rate of adoption of digital currencies will increase in the future.
Digital currency is necessary because it prevents the misuse of the currency. We need it so that many people can have trust on it because everything approved by government is always approved by his citizens.
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