Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Domithra on September 27, 2018, 03:03:04 AM
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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.
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Does it mean you agree with the idea to regulate crypto, mate? ;D
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.
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I really agree with your statement above. That's right, if Crypto is regulated in such a way, the government in a country can monitor it easily and minimize crime in it. Later this is what encourages government in other countries to be able to legalize Crypto in their country. If all this goes well, then it is true, there will be many new investors entering and boosting the Crypto market price.
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if the regulatory objectives are in accordance with your standards then I strongly support government regulation because I am sure that with price certainty it will attract investors and can provide benefits to the people of that country. but I know that there are other players or cartels who are able to control a country until the issuance of regulations that do not want their system to be investigated by the presence of crypto, hopefully this is just my illusion
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Does it mean you agree with the idea to regulate crypto, mate? ;D
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.
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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
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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.
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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.
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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.
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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.
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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.
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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.
Cryptocurrency is designed to be decentralized, which means there will not be any central authority which could have total control over it ( in contrast to your day to day currencies issued by the government ).
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Does it mean you agree with the idea to regulate crypto, mate? ;D
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.
There isn’t any central location that the government could simply shutdown ( unless every single country in the world agree to crackdown all crypto-related entities and business at once which is highly unlikely ) Even if a country decided to ban all crypto related activity (like what China did)
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I really agree with your statement above. That's right, if Crypto is regulated in such a way, the government in a country can monitor it easily and minimize crime in it. Later this is what encourages government in other countries to be able to legalize Crypto in their country. If all this goes well, then it is true, there will be many new investors entering and boosting the Crypto market price.
Besides, tracking a specific crypto wallet although is not impossible, would be very difficult when it comes to connecting a particular address to an identity in the real world. Not to mention a simple VPN or a proxy server could be used to obfuscate the location of an individual.
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if the regulatory objectives are in accordance with your standards then I strongly support government regulation because I am sure that with price certainty it will attract investors and can provide benefits to the people of that country. but I know that there are other players or cartels who are able to control a country until the issuance of regulations that do not want their system to be investigated by the presence of crypto, hopefully this is just my illusion
One of the ways that governments will use in their attempt to regulate cryptocurrency is to make the process of converting cryptocurrency to fiat currency extremely difficult. But this would probably require a global endeavor
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Does it mean you agree with the idea to regulate crypto, mate? ;D
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.
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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?
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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.
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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.
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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.
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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
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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
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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I think it's illegal by a majority vote in the national assembly.
But the main reason is because government wants to create its own cryptocurrency.
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I think crypto currency should be regulated because of the numerous scam projects which are stealing people's money. This will help bring more investors on board to the crypto community.
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One thing that makes crypto interesting is the volatility of the prices. You can make profit overnight if only invest in a potential coin. Government involvement will try to stabilize the coins and make it less lucrative
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Crypto does need to be regulated. Our government is run by the taxes we pay. And how they collect is through everyone's income. For anything like crypto to be big, the government has to approve and regulate.
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I agree with you Domithra.
Anonymous feature on cryptocurrency can be used by some fraudulent peoples and terrorists to legalize their criminal act.
The regulation is possible to make good impacts , both of government and crypto users (citizens).
Besides the tax, Government can safe their citizen from fraudulent activities and criminal actions.
That makes the peoples feel more safe. So more and more peoples can be attracted to join im this sector.
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that would be hard for us
country with big power can control the price when all country legalize the crypto
but in another side that can help project for get more investor
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To be honest, I myself don't really agree because crypto is more anonymous. When there is regulation, it is possible that we must give our identity in crypto transactions. And this is not in accordance with the main purpose of anonymous. Therefore, I myself do not agree if crypto is regulated by the government. the government is enough not to ban crypto alone.
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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 am not agree mate. I think It will change crypto currency become centralize.
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If the government will stabilize crypto - it will lose any sense. Now many people invest in it as they believe that it will grow sharp and they will earn a lot from it.
If it will be stabilized then it will be like investing in dollar and no one will do that.
And I think that no one will allow it.
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It shouldn't be regulated! Why did you even decide that it should happen?
It was made as quite a private thing and it should remain the same!
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They want to control the crypto for theirbown gain. Some country ask for taxes that is said in their law instead of regulating the crypto but they can't own it.