Can crypto be regulated globally without sacrificing decentralization?

[MRY]

That is what I also said in my previous post that we can't blame on the bitcoin or the cryptocurrency for the money laundering. The problem is on the human nature they will do everywhere these kind of crime because like the good people are exist in world there the bad people were also exist in the world.
We have to catch those people and make them prevent from doing crime for the next time. Not like that Banning the whole system.

Relating crime to the use of the technology is not a good or efficient idea. To this effect, only those cryptocurrencies are problematic that are abused as tools as cash or other systems of finance are. That is wrong for the simple reason that it is not the system that has failed, but the people who have taken advantage of the system. Instead of completely eliminating the whole environment, the government ought to enhance supervision and fairness in the regulation of the environment and step up enlightening the people regarding the use of the environment. In that manner, it is possible to avoid scandals and excesses, but at the same time, encourage the development of intelligent and positively influencing on the global scale blockchain and cryptoassets technology.

[bayu7adi]

Maybe what I think may not be what others think from my own perspective since crypto is not just for some numbers of people but for all there is no way it can be regulated globally without decentralization. The low budget people really need this decentralization so as not to be left out. If in anyway it is regulated without decentralization means it is now the affairs of only those who have upper hands but since everyone is allowed to take part there must be decentralization. That's what I think.

Isn't it precisely the decentralized nature of cryptocurrency that makes it difficult to regulate globally??? governments still control the world today, and it is impossible for something that has no owner to be powerful, right?? we all see the existence of something based on what is behind it... and if bitcoin remains decentralized, it is likely that its existence is underestimated because there is no symbol of power there... (correct me if I am wrong)

ETF makes it more widely adopted, but it makes it more centralized... one of the proofs of the power of institutions in sponsoring a technology, including Bitcoin itself.

[bitterguy28]

governments still control the world today, and it is impossible for something that has no owner to be powerful, right?? we all see the existence of something based on what is behind it... and if bitcoin remains decentralized, it is likely that its existence is underestimated because there is no symbol of power there... (correct me if I am wrong)

no it is not impossible and bitcoin is the very proof of that unless the government ban or restrict bitcoin it can and have been powerful among the people its decentralized nature just allows the people to have total control of their money and use it independently there is no need for anyone to control or manage the entire bitcoin network when its users are all over the world making it valuable and in demand

ETF makes it more widely adopted, but it makes it more centralized... one of the proofs of the power of institutions in sponsoring a technology, including Bitcoin itself.

it only allows for even wider adoption but even before eth bitcoin was already well known and used all over the world

[|MINER|]

Relating crime to the use of the technology is not a good or efficient idea. To this effect, only those cryptocurrencies are problematic that are abused as tools as cash or other systems of finance are. That is wrong for the simple reason that it is not the system that has failed, but the people who have taken advantage of the system. Instead of completely eliminating the whole environment, the government ought to enhance supervision and fairness in the regulation of the environment and step up enlightening the people regarding the use of the environment. In that manner, it is possible to avoid scandals and excesses, but at the same time, encourage the development of intelligent and positively influencing on the global scale blockchain and cryptoassets technology.

If we just look around of us then we will find the bad people were everywhere in every sector. So this is not only the crypto where and what is used for completing crime like money laundering, terrorist organization funding etc.
As we also know that is still all the money laundering were happening by the Fiat currency and that's why I say that we cannot blame on crypto for that. And as well if the government has the will then they can use crypto currency without sacrificing decentralization and increasing government resources.

[taufik123]

If we just look around of us then we will find the bad people were everywhere in every sector. So this is not only the crypto where and what is used for completing crime like money laundering, terrorist organization funding etc.
As we also know that is still all the money laundering were happening by the Fiat currency and that's why I say that we cannot blame on crypto for that. And as well if the government has the will then they can use crypto currency without sacrificing decentralization and increasing government resources.

Rather than crimes in crypto, crimes in the traditional fiat currency sector could wipe out their tracks because all their records would be lost.
But if money laundering is done in crypto, it can still be traced because everything is also recorded on the blockchain even though it uses several methods such as using the Mixer platform.

And the government that continues to uphold crypto decentralization is certainly aware that crypto should be so, but if they want centralization then it is an option and of course the government also wants to have control over crypto.

[doc]

If we just look around of us then we will find the bad people were everywhere in every sector. So this is not only the crypto where and what is used for completing crime like money laundering, terrorist organization funding etc.
As we also know that is still all the money laundering were happening by the Fiat currency and that's why I say that we cannot blame on crypto for that. And as well if the government has the will then they can use crypto currency without sacrificing decentralization and increasing government resources.

Rather than crimes in crypto, crimes in the traditional fiat currency sector could wipe out their tracks because all their records would be lost.
But if money laundering is done in crypto, it can still be traced because everything is also recorded on the blockchain even though it uses several methods such as using the Mixer platform.

And the government that continues to uphold crypto decentralization is certainly aware that crypto should be so, but if they want centralization then it is an option and of course the government also wants to have control over crypto.

I agree with you, the crimes committed at the transaction crypto can be traced because of all territorian transactions. Hamya Personal ID from the Users who have been tracked if they use the global exchange.
Deccentralization of the system is a technology of the future, so the government must accept because no one can reject the technology progress.

[enwi]

I agree with you, the crimes committed at the transaction crypto can be traced because of all territorian transactions. Hamya Personal ID from the Users who have been tracked if they use the global exchange.
Deccentralization of the system is a technology of the future, so the government must accept because no one can reject the technology progress.

Indeed, transactions being carried out using digital currencies are qualitatively distinguished by certain high levels of transparency and constant recording so that whenever they are in violation of the law, the record shall show it systematically. If well monitored, this system has great potential to enhance security of global transactions. While technology is undergoing revolutionary changes, it presents the prospect to fully leverage this decentralised computing technology. It’s existence gives the government a chance to enact unique policies that will foster the development of a liberal economy that is associated with the formation of the digital economy without compromising on security issues. Recognition of such progress will be on a step that will take the community near to the improved financial system of acceptance for the majority.

[|MINER|]

Rather than crimes in crypto, crimes in the traditional fiat currency sector could wipe out their tracks because all their records would be lost.
But if money laundering is done in crypto, it can still be traced because everything is also recorded on the blockchain even though it uses several methods such as using the Mixer platform.

Yeap this a good point may be I also mentioned in my previous posts.

Like in the banking Sectors we can see a person bank details because of privacy policy of the banks. But here we can trace a wallet address in block on live.  Even then we might have sometime difficulty for the usages of gambling platform or the mixers but still there can be possible to trace up them but there will be need just more resource to trace.

[taufik123]

I agree with you, the crimes committed at the transaction crypto can be traced because of all territorian transactions. Hamya Personal ID from the Users who have been tracked if they use the global exchange.
Deccentralization of the system is a technology of the future, so the government must accept because no one can reject the technology progress.

In the end, all transactions can be known because they are still recorded on the blockchain and where the funds are sent.
Even though using the Mixer platform, it can still be tracked easily when the government has the authority to see directly the transactions made by the mixer.

The government certainly only wants to have control of this technology so that nothing will go unnoticed by them.
The government has finally made a regulation that will regulate crypto and how crypto is used.

[MUGNIA]

I agree with you, the crimes committed at the transaction crypto can be traced because of all territorian transactions. Hamya Personal ID from the Users who have been tracked if they use the global exchange.
Deccentralization of the system is a technology of the future, so the government must accept because no one can reject the technology progress.

In the end, all transactions can be known because they are still recorded on the blockchain and where the funds are sent.
Even though using the Mixer platform, it can still be tracked easily when the government has the authority to see directly the transactions made by the mixer.

The government certainly only wants to have control of this technology so that nothing will go unnoticed by them.
The government has finally made a regulation that will regulate crypto and how crypto is used.

That's the government only thinking about their own profits without thinking about the welfare of their people, they always want to control the wealth of their people, without providing feedback to their people, regulation is the final stage of all if the regulation is passed then there will be no limits and confidentiality for crypto

[Mia Chloe]

That's the government only thinking about their own profits without thinking about the welfare of their people, they always want to control the wealth of their people, without providing feedback to their people, regulation is the final stage of all if the regulation is passed then there will be no limits and confidentiality for crypto

Well it's not much of a new thing that the government always wants to be in control. Besides they are the government so that's literally what you would expect of them. Anyways the concept of decentralisation is something that wouldn't play out well with the government. Besides the government is majorly in support of Centralised bodies that can be made to work under set down rules and regulations.

I think one reason why bitcoin is something the government can't fight much against it is because of its general status in the crypto market compared to Monero that is literally currently off all.CEX.

[dekafee79]

That's the government only thinking about their own profits without thinking about the welfare of their people, they always want to control the wealth of their people, without providing feedback to their people, regulation is the final stage of all if the regulation is passed then there will be no limits and confidentiality for crypto

Well it's not much of a new thing that the government always wants to be in control. Besides they are the government so that's literally what you would expect of them. Anyways the concept of decentralisation is something that wouldn't play out well with the government. Besides the government is majorly in support of Centralised bodies that can be made to work under set down rules and regulations.

I think one reason why bitcoin is something the government can't fight much against it is because of its general status in the crypto market compared to Monero that is literally currently off all.CEX.

The government of a country that previously rejected bitcoin is now accepting it because as you said, the government cannot fight bitcoin and I think bitcoin is getting more popular and owned by many investors and citizens so the government must accept bitcoin because if they are not active in crypto they will be left behind by other countries that are starting to accept bitcoin as an investment and payment.

[albon]

The legal status of cryptocurrencies varies significantly from jurisdiction to jurisdiction and is still undefined or changing in many cases. Moreover, crypto is still not legalized in many countries and there are several reasons for this, the main reason being that the political influencers are not united. Last year the government in my country researched crypto how to legitimize it but the current government doesn't want to think about it. Although the use of cryptocurrency is not illegal in most countries, its status and usability as a means of payment or as a commodity is processed with various regulatory implications. While some states expressly allow its use and trade, others prohibit or restrict it.

[Azharul]

Maybe what I think may not be what others think from my own perspective since crypto is not just for some numbers of people but for all there is no way it can be regulated globally without decentralization. The low budget people really need this decentralization so as not to be left out. If in anyway it is regulated without decentralization means it is now the affairs of only those who have upper hands but since everyone is allowed to take part there must be decentralization. That's what I think.

Isn't it precisely the decentralized nature of cryptocurrency that makes it difficult to regulate globally??? governments still control the world today, and it is impossible for something that has no owner to be powerful, right?? we all see the existence of something based on what is behind it... and if bitcoin remains decentralized, it is likely that its existence is underestimated because there is no symbol of power there... (correct me if I am wrong)

ETF makes it more widely adopted, but it makes it more centralized... one of the proofs of the power of institutions in sponsoring a technology, including Bitcoin itself.

I think that you could be explain a best opinion in your comment. In this time it will be a very prefer opinion for us. Crypto regulated globally without sacrificing decentralization will be very difficult fo crypto currency market. Because we know that decentralization is also the best valuable for cryptocurrency market. We also know that government want to control in this situation, so I believe that it's not be easy. So I think that easy way for decentralization in crypto will be perfect for us.

[enwi]

Maybe what I think may not be what others think from my own perspective since crypto is not just for some numbers of people but for all there is no way it can be regulated globally without decentralization. The low budget people really need this decentralization so as not to be left out. If in anyway it is regulated without decentralization means it is now the affairs of only those who have upper hands but since everyone is allowed to take part there must be decentralization. That's what I think.

Isn't it precisely the decentralized nature of cryptocurrency that makes it difficult to regulate globally??? governments still control the world today, and it is impossible for something that has no owner to be powerful, right?? we all see the existence of something based on what is behind it... and if bitcoin remains decentralized, it is likely that its existence is underestimated because there is no symbol of power there... (correct me if I am wrong)

ETF makes it more widely adopted, but it makes it more centralized... one of the proofs of the power of institutions in sponsoring a technology, including Bitcoin itself.

I think that you could be explain a best opinion in your comment. In this time it will be a very prefer opinion for us. Crypto regulated globally without sacrificing decentralization will be very difficult fo crypto currency market. Because we know that decentralization is also the best valuable for cryptocurrency market. We also know that government want to control in this situation, so I believe that it's not be easy. So I think that easy way for decentralization in crypto will be perfect for us.

This analysis indicates that it is possible to integrate the values ​​of decentralisation into the current global regulation of cryptocurrencies but only through an approach that will combine technological improvement with economic stability. The advent of Crypto has brought a great platform through which society has presented an opportunity to build a better system that entail a need from grateful and accountable user communities with the solution coming up with challenges that need the willingness of policymakers to work as a single unit. All of us bear that responsibility to keep refining how we allow blockchain technology to work without eroding the decentralisation that is at the core of this ecosystem. By having an open and forward-thinking approach to the development of cryptocurrencies we can lay the groundwork for the solid cryptocurrencies other than the currently dominant ones which will be available to everyone.