Topic: Why do we need to regulate digital money - page 9. (Read 5040 times)
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.
For me, we need to regulate digital currencies, especially bitcoin to fully make use of it as payment in online transactions. And so that, bitcoin and other cryptos will exist forever. Although it opposes its idea being a decentralized cryptocurrency, I believe we need to do this in order that bitcoin and other cryptos survive for long in the crypto or real world.
If Cryptocurrency has been tracked, then the main Cryptocurrency destination will change.
The community creates Cryptocurrency, to make the currency easy to use by anyone and at any time without any intermediaries between one person and another.
If Cryptocurrency, has an institution that oversees every trade, who will pay them? and that will change the main purpose of the Community to make Cryptocurrency.
The community creates Cryptocurrency, to make the currency easy to use by anyone and at any time without any intermediaries between one person and another.
If Cryptocurrency, has an institution that oversees every trade, who will pay them? and that will change the main purpose of the Community to make Cryptocurrency.
Some say its good to regulate crypto currency but some say it nned not since bitcoin is decentralized and to avoid getting used by and produce harmful effect to anyone like money laudering and the like...we al hope and expect that it would be all for the good of everyone whether its regulated or not.. we hope for the best and in due time we will see it.
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.
digital currency is indeed a very popular choice for criminals to store or transact in illegal trade, but to manage cryptocurrency currencies it is very difficult for all user countries and those who have not used it to cooperate in detecting the movement of money, especially the potential of interstate criminals to watch out for In the future, a combination of developed countries can manage the digital currency. Hopefully .
Of course, digital currencies like bitcoin and altcoin require regulations, other than because of anonymous, fluctuations in the price make crypto currency does not work by name. Currency needs a fixed and stable value. So it can be used to assess an object. The current case of crypto currency is a commodity, and not as a currency.
I think when we talk about currencies, we also talk about how the economy flows. The government enforces laws in digital currency because it can be a source of crime. If the government will not regulate cryptocurrency, it can become a tool someday to fight and will produce conflict in our society.
First of all, we are not people who can make regulations for cryptocurrency other than the government.
Digital currencies are like banknotes even though they differ in features and processes in using, both have the same usage. Crypto and fiat have value and they are currencies.
It has huge responsible to the community to help millions of people around the world. Since we are in digital era we need to go to the flow of business. Yes we all know that theres a bad side using digital money that they can use it in bad habits like terrorism, money laundering , pornography etc. But if we make a rules and secure the protection of the community and always monitor every transaction i think it will make grow for everyone and continue innovating the digital currency for the better life.
Its better to regulate the digital currency for the protection of people who uses it. Its important to a country to have control of this cryptocurrency for the better economy who battling with their fiat money and decentralized digital currency. Maybe for now uncontrollable but someday it can be legalized in the state of law and regulation of the country which maybe taxed by the government.
The first and primary reason for digital money to be regulated is to stop its illegal uses such as terror funding, money laundering, etc. Governments will not allow crypto to go mainstream till the time they are regulated.
Cryptocurrency regulation would definitely put a stop or reduce to an extent the nefarious and illegal use of digital currencies. It is highly unlikely that cryptocurrency would be regulated anytime soon though.
I think there are so many different types of money and every single currency has a different rule and way of operating. Therefore the movement of the digital currency.
the main advantage of an electronic digital crypto rules will be which our funds will be secure and safe, thus if you have virtually any damage or perhaps robbery we could record that for the law enforcement officials, and also this is exactly what I do believe is vital legitimate assures for the electronic digital funds we all utilize.
If digital money is regulated it will be very good and even government will be rest assured that the criminal way of using it will be reduced. But digital money is a decentralized blockchain which mean no one can control it. The rules can only be made on the exchange to monitor huge incoming and huge outgoing fund
Governments are going to regulate cryptocurrency because regulate is what they do. What else do we actually use them for if not for trying to keep some basic order and for criminals over-running the place? We certainly don't 'need' to regulate bitcoin, but that's what's going to happen. Bitcoin functions just fine 'unregulated' and without state intervention, but bitcoin is also a tool that criminals and others can use to conduct their illegitimate business, so that is going to be of interest to governmental bodies. They're not going to let both users and criminals use bitcoin as a tool to evade taxes and other such business and that's why they'll introduce regulations; both to protect people but also to get their taxes which they need to function (but the legitimacy and fairness of taxes is another debate all together).
Bitcoin (or crypto) is only as anonymous as you want it to be. If you want to be anonymous and exist as a financial ghost outside of the mainstream then you can do so if you choose to be. Obviously you can't use regulated exchanges but you can still deal with bitcoin face to face and with cash if you want and that's something people can still do with or without regulations, it just requires a bit more planning and care.
On the one hand, if the digital currency begins to be controlled, then there will be a contradiction of the whole system, since the concept of anonymity is questioned. On the other hand, the lack of regulation of the crypto currency is becoming a good means of manipulation. So this question is controversial.
Bitcoin (or crypto) is only as anonymous as you want it to be. If you want to be anonymous and exist as a financial ghost outside of the mainstream then you can do so if you choose to be. Obviously you can't use regulated exchanges but you can still deal with bitcoin face to face and with cash if you want and that's something people can still do with or without regulations, it just requires a bit more planning and care.
probably then that there was no crime in the country because of this money, and did not go beyond the scope of the law
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?
even though now we live in the digital era, that anything can be easier and more efficient, also being able to use some features like anonymous, still we need to have a supervisor to avoid undesirable things 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?
On the one hand, if the digital currency begins to be controlled, then there will be a contradiction of the whole system, since the concept of anonymity is questioned. On the other hand, the lack of regulation of the crypto currency is becoming a good means of manipulation. So this question is controversial.
An offense is obviously exactly why we need to inflict that. Tiny purchases wouldn't normally be used significantly simply by our own authorities in any way thus we all need not forget regarding rules because they're right after greater purchases. Yet I am hoping in which tiny purchases can easily be allowed to become private.
I read in my school that need is the mother of innovation. Today the whole world and market is changing. Online is everywhere. So there is need of digital money which we can use for online transfer in worldwide.
digital money doesn't need to be regulated, because crypto stands alone and Cryptocurrency uses decentralized control, decentralized control of each cryptocurrency works via blockchain, which is a public transaction database, work as a ledger is distributed.
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