Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Kweek on May 02, 2022, 07:05:24 PM
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In your opinion, what are the advantages and disadvantages that regulation of the cryptocurrency market can bring?
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In your opinion, what are the advantages and disadvantages that regulation of the cryptocurrency market can bring?
what regulation ?? I didn't know what you mean.
If you talki about regulation of market, I think market is always depending on demand and supply.
But If you mean the regulation of the government about crypto market, I think We should accept this.
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If the market gets regulated we will see fewer scam projects because scammers damage the reputation of the crypto market to some extent. If it will be regulated we all need to pay taxes on the earnings as in my country govt imposed a 30% tax on crypto earnings and will not square off the losses So as a trader or investor I can say a regulated market can increase the adoption of the cryptos but those who wants to remain anonymous will not be possible if regulated.
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Please make it clear!! What regulation do you mean? We have 2 types of crypto markets, DEX and CEX. DEX is decentralized, there is no certain regulation in thy crypto market. While CEX has some regulations, including KYC procedure. However, each type of crypto market has its own advantage and disadvantage. You just need to choose which type of crypto market you like.
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If you mean a regulation from the SEC then it refers to an international rule, and conversely if the regulation comes from several countries, then it refers to the national rule of that country, just like El-Savador.
Regulation is not entirely profitable, but I will give you a few examples, when gold is registered with the SEC and complies with the regulations, you can see the price going up and until now even though the amount of gold being mined continues to grow, the price continues to rise from year to year.
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Advantages are reduced influx of criminal elements into crypto, next is increase in the confidence of mainstream investors into the market. Disadvantage nonw
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Yeah, I think one good advantage of crypto regulations will be to reduce SCAM PROJECTS. Due to the unregulated nature of this market, scammers have invaded it by launching all sorts of scam coins.These coins are pumped into the market, and once investors put in money, the project owners disappear.
And one disadvantage of crypto regulations is centralizing crypto by allowing government to regulate crypto. introducing government regulations would be like bringing in the same entity that the crypto ecosystem was not built on it's system. Crypto is decentralized and government operate a centralized system.
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What so clear is that soon, the cryptocurrency market will really be fully regulated most especially in big markets like USA and other Western countries. There are compelling reasons why regulations can be needed and on top of that is consumer and investor protection as we know that this industry has become the most lucrative paradise destination of many scammers and hackers of all types, kinds and abilities'. Hopefully, regulations can wade these people to the background. At the same time, regulations can pave the way for legacy financial institutions - including banks - to be a part of the industry which can then open up a wider market for cryptocurrency. Now, the main disadvantage is that almost everything can then be subject to the laws of the land and the government can demand information and data from platforms participating in the marketplace.
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We can use crypto legally if govt regulate crypto. Many big companies can integrate crypto payments system for their company business. Law and order can be implemented to crypto criminals and scammer. Actually there are so many advantages but there are some disadvantages too. Govt will track your crypto records.
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If talk about on the crypto market then there are both advantages and disadvantages.because we have to wait for the right rate to sell our tokens. And if there is compulsion, it has to be sold at a low rate. Apart from this, Advantage is , because we can invest in down market. We can buy a correct token when it is down. And when the market is high, you can get a good profit by selling it. If talk about the the government's regulation on crypto. So regardless of whether there is profit or loss. We will only benefit from the government's talk. It depends on the government of each country.