Why must crypto be regulated?

[emma.lee1890]

Does it mean you agree with the idea to regulate crypto, mate? 
When government can regulate the crypto and make the price stability, then we will lose the nature of crypto. We know that crypto is decentralized and with unstable rates. The regulation will change the nature of crypto. In addition, I don't think it can bring more potential investors yet investors may worry about the strict regulation from the government.

Absolutely regulation destroy the essence of crypto.

If a particular country is banning the conversion of cryptocurrency into the country’s currency, its citizens could simply bypass the restriction by converting their cryptocurrencies into other fiat currencies and then back to their home currency. It will be troublesome, but not impossible.

[emma.lee1890]

because they are equated with money, so that there are no strong increases or a sharp collapse of the market,because it is dangerous for the crypto world

In the short term, this could be some unpleasant experience but in the long term cashing out might not be a problem at all.  If we were to reach a point where all major merchants start accepting transactions in cryptocurrencies and you could essentially purchase almost everything with crypto, why would you need traditional currencies anymore?

[ZionRTZ]

Regulating cryptocurrency is the main focus of the governments in order to stabilize the prices of coins on the market and also check the persons behind the transactions. Regulating cryptocurrency will allow the governments to accept cryptocurrency and announce it legal in most countries. This will cause more potential investors to join crypto yet crypto cannot be much lucrative as it uses to be due to the price stability that might follow the regulation.

I do not get the connection between government regulation and price stability of coins on the market. Even prices of regulated markets like stocks and forex are not stable.

[emma.lee1890]

Besides, there are other reason of government why they would like to regulate crypto. Normally, they would like to receive some crypto people's money from crypto transactions.

Bitcoin was born to protect people against governments and bankers. Regulations = control by governments and bankers. It should not be welcomed in this space.

[emma.lee1890]

Hi, if that happens then crypto will lose its nature, and then it will be same as in other currencies, and then people might switch to something else, so it might not happen.

Regulation of the cryptocurrency is the control of the state by all monetary means. So that the state could see every payment or purchase. Cryptocurrency is a kind of freedom, they want to take it from us.

[emma.lee1890]

Regulating cryptocurrency is the main focus of the governments in order to stabilize the prices of coins on the market and also check the persons behind the transactions. Regulating cryptocurrency will allow the governments to accept cryptocurrency and announce it legal in most countries. This will cause more potential investors to join crypto yet crypto cannot be much lucrative as it uses to be due to the price stability that might follow the regulation.

I believed regulating cryptocurrency is more beneficial for investors because by this time once approved and regulated the government can now help investigate if there's a huge fluctuation of crypto currency prices that possibly manipulated by some rich investors causing investor to loss their money.

Because I feel there is a contradiction in here. Many people talk about crypto becoming mainstream, also, as a way of payment wide recognized and applicable. But, is such a thing possible without any regulation? Let's think about little business

[emma.lee1890]

this is what drives governments in other countries to legalize Crypto. If all this goes well, there will be many new investors entering and increasing the market price of Crypto.If Crypto is regulated in such a way, the government in a country can easily monitor and minimize the crime in it.

I don't know, a Cofee Shop in the middle of a little town. Imagine the owner willing to receive crypto payment. Can it be possible with no regulation?
 Just questions. I don't have determined my position on the matter yet. But any insight will be appreciated

[emma.lee1890]

The main goal of the government regulating crypto is to stabilize the price of coins. If it has been arranged, I believe that many investors will join the crypto currency because people's trust in crypto will be even higher. But if it is regulated, I don't think all investors will agree related to the anonymous system of the crypto itself.

And, tracking crypto is also something which would be rather easy as long as people don't use a privacy coin I think, again with reference to "the average user" incase of adoption, they would probably not want to go through difficult channels just to sell/buy crypto, that'd mean going through an exchange = generally have to provide private info, especially for when cashing out.

[Arybes]

the country can see every payment or purchase. Cryptocurrency is a kind of freedom, they want to take it from us. Cryptocurrency settings are state control with all monetary means.

[odaten360]

Regulating cryptocurrency is the main focus of the governments in order to stabilize the prices of coins on the market and also check the persons behind the transactions. Regulating cryptocurrency will allow the governments to accept cryptocurrency and announce it legal in most countries. This will cause more potential investors to join crypto yet crypto cannot be much lucrative as it uses to be due to the price stability that might follow the regulation.

Regulations can sort of bring legitimacy to crpyto, but we have to pay the price - taxes. I have no problem paying taxes to the government as long as it going to good projects like welfare and infrastructure. But if the taxes are going into the wrong hands, then I wouldn't support regulations with taxes.

[Mbah Jenggot]

Regulating cryptocurrency is the main focus of the governments in order to stabilize the prices of coins on the market and also check the persons behind the transactions. Regulating cryptocurrency will allow the governments to accept cryptocurrency and announce it legal in most countries. This will cause more potential investors to join crypto yet crypto cannot be much lucrative as it uses to be due to the price stability that might follow the regulation.

I think I am not agree Ig the government regulate the crypto currency. It will make the crypto be centralize.

[elbans89]

Regulating cryptocurrency is the main focus of the governments in order to stabilize the prices of coins on the market and also check the persons behind the transactions. Regulating cryptocurrency will allow the governments to accept cryptocurrency and announce it legal in most countries. This will cause more potential investors to join crypto yet crypto cannot be much lucrative as it uses to be due to the price stability that might follow the regulation.

I think The reason why crypto currency must be regulated because The government cannt cotroll crypti over and crypto cannt be tracked.

[kaf]

Regulating cryptocurrency is the main focus of the governments in order to stabilize the prices of coins on the market and also check the persons behind the transactions. Regulating cryptocurrency will allow the governments to accept cryptocurrency and announce it legal in most countries. This will cause more potential investors to join crypto yet crypto cannot be much lucrative as it uses to be due to the price stability that might follow the regulation.

It is a good idea, If the government regulate the crypto currency. I think crypto will be more stable.

[Ruwet]

Maybe to give a sense of security to the players so that the government must really regulate the existence of crypto and in anticipation of bad problems later so that Crypto had a more positive impact after the government started to regulate it.

[Shanacute14]

Im agree with you, I hope that the government in many countries will regulate the cryptocurrency. It will benefit us in the crypto world. Hope they will open there mind in crypto.