Topic: Why I Am Positive About Regulations (Read 371 times)
Govt. Regulation might be good but will surely be against the decentralized nature of blockchain
I am rather sceptic about regulations. Authorities do not have deep knowledge of the market, so it will not help to avoid scams.
You really say the truth. The authorities are not competent in the field of cryptocurrency and they can not properly address any issues in the crypto market, so I think it's a matter of making a special body that will control the ICO and there must be professionals working there. 
Regulations do matter but most of the countries in the world are silent on Bitcoin and cryptocurrencies. This is also better than coming up with some harsh or incomplete regulations like Indian government and central bank did to users.
Cryptocurrencies have seen it's all time high on Dec 2017. People went crazy buying and selling cryptos. Some made a lot of money and some have lost. But most of them didn't know what are cryptocurrencies. Hence, when the media published FUD, many weak hands started to cash out at loss... crashing the market. This is why, do not invest in what you don't understand. The government cannot ban blockchain from existing in this world. It is a form of technology and it is stupid for someone to ban technology. However, they can regulate the cryptocurrencies that are used to fuel the blockchain ecosystem. How can regulations happen?
1. Classifying crypto as either a legal form of tender or an asset.
2. Monitoring all the ICOs and banning the scams. Public money are being raised, government should interfere to protect investors.
3. Putting an end to any shitcoins/projects. De-listing them from the exchange.
4. Keeping an eye price on manipulation and stopping all the pumps & dumps.
5. Income tax/capital gain tax. This depends on how is crypto being classified.
All the 5 points above will have more good than bad. Crypto market cap is less than $1 trillion while stock market is $70 trillion. With more good coming into crypto, it will be a safer place for investment and this will attract more money. With more money and less scams/shitcoins, investors will only focus on putting their money on legit and good project and when there is more money, price will definitely moon. I believe this will happen within 2 years. So get rid of all your shitcoins, hold the good ones and stay positive. We are the early investors in cryptocurrencies, be patient and wait until it becomes mainstream.
1. Classifying crypto as either a legal form of tender or an asset.
2. Monitoring all the ICOs and banning the scams. Public money are being raised, government should interfere to protect investors.
3. Putting an end to any shitcoins/projects. De-listing them from the exchange.
4. Keeping an eye price on manipulation and stopping all the pumps & dumps.
5. Income tax/capital gain tax. This depends on how is crypto being classified.
All the 5 points above will have more good than bad. Crypto market cap is less than $1 trillion while stock market is $70 trillion. With more good coming into crypto, it will be a safer place for investment and this will attract more money. With more money and less scams/shitcoins, investors will only focus on putting their money on legit and good project and when there is more money, price will definitely moon. I believe this will happen within 2 years. So get rid of all your shitcoins, hold the good ones and stay positive. We are the early investors in cryptocurrencies, be patient and wait until it becomes mainstream.
The main thing why crypto worked for everyone regardless of who they are is that crypto isn't bound by regulations. your points are sensible and it really takes away worries such as legalities but all of these things are also the things that will hold unnecessarily crypto down.
There is truth in your opinion, but I think that regulation is not needed today, because the crypto-currency world should be based on this, of course we understand that integration is necessary for integration, but then what is the meaning of crypto currency? Is that they are limited and only?
This takes away the anonymity and decentralized nature of Bitcoin. Why would people want to invest in currencies when they know the government is controlling them and they would not get such crazy returns. Also, a lot of people who are active in this market do not really have the maturity to trade. They are just kids who are playing with money. This is another reason why people make so much money here. They play with their minds.
Regulating this crypto will always be positive for all in the sense that regulating doesn't mean harming,for me it is guarding the safety for us all and I think this is our shield against scams so if this will happen we become untouchable to those greedy people doing scam in this crypto world.
I really think Scams will always happen even if the government regulated the Cryptocurrencies, And ICO's that has been used by scammers we are not really safe by something like this you can not know the developers minds and their purpose in making their ICO's and just like in the Regular currency even if the government regulated it there are scam and ponzi that are happening so what's the difference in regulating Cryptocurrencies.
I think so too. They will always find a way to make money so long as people including the investors who wants to be anonymous. Even those projects where the developers are known and had exposed their linkedin profiles had scammed still. We just can't control people from doing it because when it comes to money, the greed will always win for those who had intentions. But over all, I think regulations will help the future very much.
Recognition is a vital step in global adoption. If regulations will bring a great deal of attention toward crypto and new investors.
Many people looking positively on regulations, maybe they look forward for the legal security and safety on their life in cryptocurrency because, because until now a lots of people are fear and uncentainty doubt about cryptocurrency business.
I also think that regulations will be good for crypto. This is because the reason why majority is still not investing in crypto is because they are worried about laws. If there are proper laws and regulations, they will also start investing.
For people who lose a lot of money because of ignorance about the crypto market, they will re-learn to invest if the regulation can be realized,,
About taxes, whether the perpetrators of crypto would sit around discussing taxes..? And, After the 5 points are on the run, whether Bitcoin or Altcoin remain anonymous..?
About taxes, whether the perpetrators of crypto would sit around discussing taxes..? And, After the 5 points are on the run, whether Bitcoin or Altcoin remain anonymous..?
I'm also support regulation of cryptocurrency specifically in ICO to avoid scammers and to protect investors from theft. It really needs a regulation in order for other investors to join the cyrpto and became the main stream of financial industry like stocks.
Regulations seems to make one feel secured. Yes, if this is integrated into cryptocurrency, it will curb so many mishaps and i feel investors, will feel safe and secured to invest into any ICO. The rate of scam will be reduced. It also increase the number of investors.
Maybe in the future people will accept regulation because it cast a bad image in cryptocurrency industry in general and this is one of the main reason why countries are banning Bitcoin, if there are regulations we can be sure that only true and legit profit will be able to launch ICO.
Monitoring ICO's will make the most positive effect on the crypto world. You can't even fund raise for charity without permission from the authority. It should be same for the ico's. Huge amount of money collected by investor but barely they used as they described. Investors become dissatisfied with the situation and FUD everywhere. Whenever we get rid of shit coins, it will be much more safe place for investors to invest.
For a long term vision to sustain this cryptocurrency market there should be a regulation applied to designated categories of cryptocurrencies like for tax regulation, proper identity of the investor and the project team. Regulation brings a positive outcome of cryptocurrency investment don't think about the negative issues about the government even millionaires from a legitimate businesses had follow regulations too then why is it hard for us to follow the millionaires good governance if we want to follow the footstep of being a millionaires someday in this crypto world.
In my own perspective, I am positive with those regulations. But we can't deny the fact that the cryptocurrency existed without regulations or laws. I think it seems like the government see that people can be a millionaire or has a potential to be a millionaire so that they implemented regulations and it's a good and a safe way for us who are in this. 
For a long term vision to sustain this cryptocurrency market there should be a regulation applied to designated categories of cryptocurrencies like for tax regulation, proper identity of the investor and the project team. Regulation brings a positive outcome of cryptocurrency investment don't think about the negative issues about the government even millionaires from a legitimate businesses had follow regulations too then why is it hard for us to follow the millionaires good governance if we want to follow the footstep of being a millionaires someday in this crypto world.
Like I told some of my friends, all these regulations happening in cryptos will make cryptos more stronger and better in the future, it will allow more established institutions that easily enter into the space and invest a huge sum in the space. Regulation will make cryoptos better friends,
Regulations is for the betterment of the crypto currency world. With these,maybe the trust rating of crypto will get higher. So, in effect, there will be lots of investors like to join crypto currency.
I have similar point of view. Regulation sounds bad, but it can give more positive signals than negative. Also government regulation means that large investors can use cryptocurrency as financial instrument without any problems.
I am for regulations too. Even if they say there is no control because crypto is decentralized, i could say there still is. So a regulation is best to make sure we are not played by sharks to pump and dump and then at the end of the day we lost and they gain so much. Icos need to be regulated because thre has been many of them created without a clear project in line.
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