Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: masterrex on August 13, 2019, 05:29:22 PM
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Hot issues hovering on the crypto-space the following days was about, Cryptocurrency regulation and how can decentralization will function if it was fully regulated is it the right idea that Cryptocurrency space needs to be regulated to drive the massive cryptocurrency adoptation globally?
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I actually disagree if crypto has special regulations in each country,
even though we know cryptocurrency was created for financial freedom, but if cryptocurrency still has to use regulations then is the financial freedom still valid ???
if indeed there must be regulation, I hope the state only has the role to endorse it, to that extent, the rest should let the people choose,
and this also applies to DEX.
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the basic principle of cryptocurrency is decentralization and it has broad implications for the financial activities of each country. if the right regulation is needed is the tax from the results of the cryptocurrency for the income of the country, not to regulate the whole cryptocurrency
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It depends on what will be regulated. If it's about regulating ICOs, IEOs, STOs, and other types or forms of token sales then I'm 100% in support of it. Maybe some regulation also on centralized exchanges like they cannot simply open exchanges if they don't have a minimum required capital.
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if the cryptocurrency business gets government regulation it is likely that the movement of growth will be slow. unlike when it was still decentralized. its decline could be faster. this is very detrimental to investors of course.
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In any case, states will regulate the cryptocurrency circulation under their national legislation, whether we want it or not. If such regulation does not interfere with the basic principles of the existence of cryptocurrency, then this will only benefit both cryptocurrency and its users.
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I doubt if regulation can make a better condition for crypto future. Decentralization should be a characteristic of crypto system. It is no need to be changed. A regulation just changed the nature of cryptocurrency, then it also may bring bad impacts.
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I doubt if regulation can make a better condition for crypto future.
Some groups are actively calling for it. Pretty sure that those victims of exit scams are calling for it too. That's one are where it needs some regulations.
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In any case, states will regulate the cryptocurrency circulation under their national legislation, whether we want it or not. If such regulation does not interfere with the basic principles of the existence of cryptocurrency, then this will only benefit both cryptocurrency and its users.
I completely agree with your opinion. Complete decentralization at the same time means complete chaos. We see a significant level of fraud where a particular sector of the economy is not regulated. This primarily concerns the activities of ICOs, where fraud has now almost paralyzed this type of activity. At the same time, if the holding of the ICO were organizationally regulated by the states, ICO projects would again regain their popularity.
Even with decentralization, some general regulation is inevitable.
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I don't know what regulation will be fit to apply but it seems the way to make people be more secure and trusted to crypto investment. When there will be a regulation, it means not fully Decentralization anymore. But it may raise the trust of all people in crypto space.
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I think regulations of crypto will hinder it's decentralized nature as proposed by Satoshi Nakamoto. As for the reason of security, i believe that crypto ecosystem is scured if we are vigilant, except for for exchanges that has experienced some hacks, regulations will not guarantee exchanges hack too. In my opinion, regulations will make the crypto of no effect because crypto is decentralized, and provides everyone a financial freedom.
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I think crypto was adopted and will be regulated, of course it will definitely be controversial. the government just needs to push but it won't be able to control, I think this is quite effective. easy regulation makes people more interested.
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A decentralized cryptocurrency may well function effectively if its regulation by the state is purely organizational, that is, the regulation of its circulation will consist in establishing the rules for its circulation and use in society. Such regulation is necessary and even useful for the cryptocurrency itself, since in this case the rights of the owner of the cryptocurrency will be protected by the state. The main thing is that the state does not interfere with the functionality of the cryptocurrency.
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if it's regulated, I don't think you can say decentralization anymore. it looks like centralization. this might be like speculation about Chinese or Libra coins and similar coins. they only use blockchain technology, but everything in it looks like a mainstream platform
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if it's regulated, I don't think you can say decentralization anymore. it looks like centralization. this might be like speculation about Chinese or Libra coins and similar coins. they only use blockchain technology, but everything in it looks like a mainstream platform
Yeah, crypto remains a decentralized digital coins/token, and a regulation of the crypto economy will mean a centralized ecosystem. I think the current state of crypto is better than when it is been regulated.
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The regulation does not make crypto fully centralized, now when there are new projects running ICO or IEO, of course we are required to be able to fill KYC to be able to invest in projects and like centralized exchange, we are required to fill KYC to be able to make withdrawals with a certain amount so as not to occur money laundering and Decentralization only exist on the DEX exchange, we can keep everything transparent but anonymous