Topic: Why do we need to regulate digital money - page 7. (Read 5040 times)
Crypto-currencies need to be regulated so that clutter does not reign in the market.After that, the most worthy and high-quality crypto-currencies will remain and the price will not change so dramatically.And there is not any fraud.
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?
Because these generation is now a digital world. And cryptocurrency is the most and relevant breakthrough in this age of technology. 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?
Cryptocurrencies are better decentralized as there is no involvement of third person in transaction between two persons. Regulations should be introduced and implemented on the centralized exchanges and ICOs only. There are so many peoples who have lost their money through scam ICOs and centralized exchanges hacking, to tackle this issues there must be some guidelines or regulation should be introduce by the governments in interest of the investors protection.
It is correct to regulate bitcoin, but it is necessary to choose the right people, who will come to regulating with all responsibility.
Everything in this world needs to be controlled, the main thing is that it should be impartial.
Adjusting the digital currency was a good idea to avoid fraud and hackers who want to steal our money. If the digital currency were regulated, many people and the country accepted it and accepted it, especially in paying our bills and other utility bills that we need to settle usinh this currency.
I think the main reason is digital money is the very useful thing for the future of the world. On day by day, the world is bonding with the technology. So, the world needs good things. I think the digital money is very valuable for the world. People can make a transaction without any registrations or without a mediator. Besides, the digital money is very safer than currency notes. My idea is, the world needs digital money.
Apart from the above mentioned demerits of not regulating digital currency, regulating cryptocurrency will yield the much needed result ''mass adoption'' thats what we are crave for right? Citizens have this confidence on the government that they always endorse legit business and innovation, they seldomly shy away from anything thats does not have the support of the government.Government regulation of crypto will lead to a boost in the use cases of cryptocurrency.
I think, if there is regulation for digital currency then investor will get faith in investing in it and also there will be control on digital currency usage for criminal activity, mony laundering and any other illicit activities.
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?
Digital money is already as a stable currency, they are used by everyone and everywhere, but I think in the near future in the lives of ordinary people will introduce new rules and laws, there will be something new in the life of any person. 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 money (cryptocurrency) is under government regulation. This is inevitable. This is very clear where we need international regulation and proper supervision, also adding that there is a possibility that digital money is used for illicit activities. For this reason, the current government 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.
Digital money is some thing which we can see but it is totally a virtual thing and if we are unable to control it then the criminal take the opportunity of this.
And in the current version of the banking system, a criminal can't take possession of your property? What's the difference?
I think because digital currencies have changed many things for a better future. Regulations are needed to have orders in all these things. Because without regulation any digital currency can make the world chaotic.
Digital money is some thing which we can see but it is totally a virtual thing and if we are unable to control it then the criminal take the opportunity of this.
Since the advent of crypto currencies many things has changed. in its early days it was all speculation and no real use. But now its being used in many ways and accepted as legal means of payment. Also its being used for money laundering and as a means of payment for illegal activities. To curb these the digital money needs to be regulated.
Well you have the idea there because cryptocurrency is realize in a way of anonymity and in the contrary they implemented blockchain technology. After all blockchain technology is not enough to make the system worth it to be accepted by the government that is why the ETF which being discussed in the USA congress was being denied. However we really need to have a regulation in terms of securing our investments to where our money will be put up especially on those ICO projects that collect contributions.
I agree, I am in favor of regualtion because we are spending real fiat money here converted to digital format. Scams are everywhere , and we should be protected from this con man hiding in ICO's. Several people are lsong money already. Not just hundreds of thousands of dolalrs but in millions. Fraud shouls be punish, we hope for it.
You cann't regulate digital currencies because most of it are decentralized coins. Digital currencies don't need regulations.
I believe that the regulation of cryptocurrency is necessary. First, to avoid illegal money laundering, as well as the exclusion of criminal activity. Secondly, cryptocurrency is a financial instrument, which, like any currency existing in the world, should be regulated in terms of cryptocurrency issue, cryptocurrency rate, control of trading exchanges, etc.
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?
No doubt that bitcoin is much better option to have as a payment and earnings asset in our life than what the benefit we have with the fiat currency , but still here we need to have better rules and regulations that can regalate digital money fully and can intergate it with the tax system , Because here most of the people are making transaction from country to country without paying tax , but here it is a mendetory rule by the government of the reserve bank of any country that we need to pay tax if we want transfer money form.our country to another country , so to make a rule regarding this will result into cryptocurrency as a legal way of payment .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?
And also in cryptocurrency we need to have rules where people can believe in cryptocurrency easily that can make people trust in cryptocurrency like assets and can trade easily Because it is like stock market where lots of fluctuations are going on and we trade them like cryptocurrency .
And also few people are using Bitcoin like cryptocurrency for the money laundering ( which is fully illegal ) , so if better rules and regulations will be made by the government then it will be more better to stop illegal activities to use cryptocurrency .
I think the government should regulate cryptocurrency to suit the needs of everyone. Blocking and control do not work too well. Co-operation between the government and the people will help the crypto market grow and stabilize.
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