Topic: Will regulation kill cryptos? (Read 829 times)
It might seem that regulation could kill Bitcoin but if you think more about it you will notice that regulation will have positive impact on Bitcoin. Many investors are afraid of investing in Bitcoin because they don't know whether or not they government will ban it or they don't know how to pay tax from Bitcoin profits. Just look at Japan and South Korea. Both these countries regulated Bitcoin and made their country cryptocurrencies' investors-friendly. What a shame that other countries don't understand that they should follow the same path. They will have to change their mind some day.
Cryptocurency Regulation is a good necessity in the Cryptoworld which is needed to safeguard investor's investment. With the Regulation, all.mushrooms and scammish ICOs/Token will be eradicated, thereby allowing investors to participate in projects that meets the immediate need of the society. So for me, Cryptocurrency Regulation is a YES.
Regulators want to make sure they protect investors from scams, while at the same time allowing the industry to develop and deploy the new technology in interesting ways. Overregulation could move the action elsewhere, which is what happened in China.
It’s too early to tell who's doing the best job of setting the rules. Nations are taking various tasks.
What do you think?
It’s too early to tell who's doing the best job of setting the rules. Nations are taking various tasks.
What do you think?
I think it's only obeying the rules and regulations which most of the government do, even though it may cause some changes on cryptpcurrency and we can't skip it, all things must be abided by the law for the equality. Also its for us to choose only one cryptpcurrency so that it would not complicate us having so many cryptpcurrency.
Regulation isn't always bad. Maybe the regulation will limit us in some ways. but in terms of benefits, regulation is very helpful for the continuity of cryptocurrency. Regulation has an important role to the development of cryptocurrency. When there is regulation, cryptoccurrency will become reliable. For example, people who used to hesitate now become convinced to invest their money.
Yes regulation can help us to decide and find a good cryptocurrency. It also help us to be aware about our responsibility in investing in cryptocurrency on which is needed so that we can avoid those scams that sometimes lead us in lossing a money. 
I do not think regulation will kill the crypto. maybe make the price of crypto better. I think crypto needs regulation, to manage everything that happens inside. but with a note, if there is already a regulation, it will not hamper our free market crypto users. but it will be bad if the regulation, set the details of all our activities in crypto.
With governments' comprehensive oversight of the cryptographic currency, the junk that has not really applied the value of the block chain ICO project, the end of it is to get out of the market and be abandoned by the market.
The use of digital cryptographic currency will continue to rise! Realize its value!
The use of digital cryptographic currency will continue to rise! Realize its value!
Regulation isn't always bad. Maybe the regulation will limit us in some ways. but in terms of benefits, regulation is very helpful for the continuity of cryptocurrency. Regulation has an important role to the development of cryptocurrency. When there is regulation, cryptoccurrency will become reliable. For example, people who used to hesitate now become convinced to invest their money.
Regulators want to make sure they protect investors from scams, while at the same time allowing the industry to develop and deploy the new technology in interesting ways. Overregulation could move the action elsewhere, which is what happened in China.
It’s too early to tell who's doing the best job of setting the rules. Nations are taking various tasks.
What do you think?
It’s too early to tell who's doing the best job of setting the rules. Nations are taking various tasks.
What do you think?
It is possible for the government to coexist with cryptocurrency and not accept it as payment, which is what I think the government should do. But in fact I suspect that sooner or later the government will regulate the cryptocurrency.
The impact of government regulation is real, given that several countries have begun to restrict access to or trade in bitcoins and other cryptocurrencies.
Regulators want to make sure they protect investors from scams, while at the same time allowing the industry to develop and deploy the new technology in interesting ways. Overregulation could move the action elsewhere, which is what happened in China.
It’s too early to tell who's doing the best job of setting the rules. Nations are taking various tasks.
What do you think?
It’s too early to tell who's doing the best job of setting the rules. Nations are taking various tasks.
What do you think?
I think it can be a good thing ! As to avoid scammers in that sense. There are some investors who seem to like the idea of regulation as there saying they feel moreconfortable with the idea.
Regulation makes the things hassle free. If regulation is inducted by different countries then general people feel free to use the crypto. Then they will use it in different purposes. So, what wrong with regulations!!!
Regulation will not kill cryptos, it can only make new investors think so but will not kill but rather gives way for investors to invest more and increase their chances of hug profit.
Regulators want to make sure they protect investors from scams,
That's what they want you to think. They offer no real protection and their regulation comes at a price. Government's aren't a charity. They aren't doing anything to make your life easier. They are doing it so that they can control you, and most importantly profit from new business deals.
They can start selling worthless licenses at high prices and make money this way, at the same time posing as the saviors and protectors. Same shit, new wrap.
I hate to take side of the government, but here's what I think. Voluntarily they wouldn't do anything to make our lives easier, that's true, but fortunately they can't afford doing what they want in the modern world and that's why they do some useful things out of the fear to be overthrown. For example, there would be chaos in the streets if there were no government. Maybe you are strong and you can take a gun and protect yourself, but not everyone is like you. Weak people need protection and that's what they get from the government. Same goes for the situation in the world of crypto. Of course some people are impossible to scam, but most people need protection from the scam ICOs and that's why we need these regulations. No, they will not kill cryptos. Crypto world will benefit from them in the end.
I bet Regulation will not kill it that instantly, It will take time. As regulation comes and goes, Bitcoin popularity will decrease at an alarming rate making it unwanted by many, because of that Regulation. But, there is also a chance that through regulation, Stability and security of this currency will be done with ease, gaining the trust of investors and other individuals using Bitcoin.
Regulations would keep adjusting due the pros and cons. In the end things won't totally wrecked or provide benefits for crypto. That's right it would takes time to completely make a change.A tight regulation might happened at some places , that's what could make the crypto got kill but there will always an activity behind the regulation due crypto nature that run anonymously. No one can completely kill crypto , nothing can shut it down.
The beauty of cryptos is that regulation cant kill them. Even if the governments bring in extreme regulations and make it too hard to own a crypto currency, the decentralized nature of it will come handy and there will be no way the governments will be able to control the flow of the coins.
I agree with this 100%. If regulation becomes too intensive, it can simply be ignored, at which point regulators will have to compromise. For example, if Litecoin developed widespread usage and developed overly strict regulations, users could simply migrate to an unregulated privacy coin which would be a nightmare for the regulation bodies. The democratic ownership of crypto really evens the playing field.
Even if there are strict regulations for crypto, it could really only be for exchanges that offer Cryptocurrency trading. As Msile said, the decentralized nature of crypto-currencies prevents regulation of crypto itself, as regulators cannot stop the P2P transacting that takes place amongst the users. So a privacy coin may not even be necessary if you can avoid using regulated exchanges. Rotating addresses already make it tough to spy on balances for one single user. However, it would be great if more enhanced privacy features can be implemented into Bitcoin or Litecoin like Bulletproofs.
The rules will be needed to ensure the value of bitcoin for us and the consumer. It will increase the popularity of bitcoin to the world community better. That will also confirm that bitcoin is the trend of the world, and the influence and importance of bitcoin is at the heart of the revolution for economic, social and country development.
Regulators want to make sure they protect investors from scams, while at the same time allowing the industry to develop and deploy the new technology in interesting ways. Overregulation could move the action elsewhere, which is what happened in China.
It’s too early to tell who's doing the best job of setting the rules. Nations are taking various tasks.
What do you think?
It’s too early to tell who's doing the best job of setting the rules. Nations are taking various tasks.
What do you think?
Protecting investors from scammers is bs, All the gov want is tax on bitcoin transactions which they cannot do if it's let unregulated.
< Will regulation kill cryptos > --> It will not kill cryptos but will put a large scar on it and will prevent mass adoption as some people will think what's the point of using them when you cannot remain anonymous and have to pay tax on each transaction.
Cryptocurrencies have firmly entered our life and now nothing can change with simple prohibitions. The state will have to regulate this new industry and try to generate revenue from it. Therefore, it is precisely the correct regulation of the cryptomarket that will become the basis for the growth of the price of not only Bitcoin, but also other alternative coins. That's why I'm sure we will see hard growth of the whole market next several years.
Regulation can also be different. If regulation concerns only the definition of the order of circulation of the crypto currency in the country, then this is quite normal and natural. The state is simply obliged to make such regulation. It will only help the crypto currency to spread more quickly in the society, since in this case the cryptovplat is secured with the support of the state and citizens will more actively switch to its use.
We need to be wary of regulating the technology of the crypto currency, a change in its nature, inherent in it as a decentralized anonymous crypto currency.
We need to be wary of regulating the technology of the crypto currency, a change in its nature, inherent in it as a decentralized anonymous crypto currency.
Regulators want to make sure they protect investors from scams, while at the same time allowing the industry to develop and deploy the new technology in interesting ways. Overregulation could move the action elsewhere, which is what happened in China.
It’s too early to tell who's doing the best job of setting the rules. Nations are taking various tasks.
What do you think?
No. Regualtions won't kill crypto but will strengthen and will make them a legit one most especially those that are planning to run an ICO. China's move to totally ban crypto or overregulate crypto is not a a problem with crypto asChina don't want crypto to dominate their local currency which is Chinese Yuan. They want one currency to dominate all over the country that is why they don't allow crypto in their countr. They just make FUD to make their reasons valid to the people like protecting them from fraud and scams I think all of that is just a cover up on what really their purpose. It’s too early to tell who's doing the best job of setting the rules. Nations are taking various tasks.
What do you think?
The beauty of cryptos is that regulation cant kill them. Even if the governments bring in extreme regulations and make it too hard to own a crypto currency, the decentralized nature of it will come handy and there will be no way the governments will be able to control the flow of the coins.
I agree with this 100%. If regulation becomes too intensive, it can simply be ignored, at which point regulators will have to compromise. For example, if Litecoin developed widespread usage and developed overly strict regulations, users could simply migrate to an unregulated privacy coin which would be a nightmare for the regulation bodies. The democratic ownership of crypto really evens the playing field.
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