Is regulation good or bad?

[mamun777]

I am really torn in two with the issue of regulation.

You see, cryptocurrency was designed to operate under no central authority. And that's what makes it great. Cryptocurrency being decentralized is the reason why crypto is permissionless with no one forcing you to use it nor anyone stopping you from utilizing it. With no central authority, our transactions are transparent. And yes, our choice of pseudonymity became a reality.

But should regulation takes effect, we are bound to lose the wonders of cryptocurrency as a whole.  Unfortunately, it seems the only way for crypto to flourish even further is government backing of which, i believe, can only be achieved with regulation.

[Alcor]

Yes, you correctly argue that the regulation of cryptocurrency by states is generally a good phenomenon. Without regulation, cryptocurrency will not be able to further develop. After all, government regulation does not mean violation of the principle of cryptocurrency decentralization. This means establishing the official status of a cryptocurrency, determining the order and conditions of its circulation on the territory of a state and, as a rule, resolving the issue of taxation. Without determining the status of a cryptocurrency, its official circulation and protection of a cryptocurrency, including a judicial one, from the state is impossible.
So, you get your first karma.

[Jacky]

We analyze the good or bad from several views. If we view the possible impact of regulation on its development, it seems not really good. The regulation will make "decentralized" to be "centralized", it can be controlled from someone or government. It may reduce the spirit of decentralized era, and deprives crypto characteristic.   

[Anggit]

I really agree with you, the crypto regulation makes investors and crypto holders no longer afraid of the government, because there are regulations, in my opinion a country will progress, because there are government regulations.

[backfirst77]

The existence of regulations will make cryptocurrency more and more users. Because of the regulation, its use can be guaranteed, because it has been officially recognized by the government.

[Mr.X]

For me regulation is very good in every projects created because once there is a big projects with be followed as a rules the members will comply and not totally abused there own rules to do there works properly assign.This is the most important in every projects launched for the safety of all assets joined in the groups.

[TERENCIO]

If the country legalize crypto , then the regulators should be involved and catch the bad actors who are are doing fraudulent activities. It can not eliminate all the scam but it can also lessen the scam happening in crypto.

[Abusadeeq6]

In my view, regulation will be good for Crypto industry. As we can now see  that many Govt are looking for ways to regulate the industry.

Regulation will be a good thing in the long run. It will build trust for the industry among the masses thereby resulting in mass adoption. With regulation, people will feel more comfortable and have a sense of security to invest in crypto.

I don't believe that regulation means we have to declare our portfolio. Just as nobody cares to know exactly how much you own in the bank.

Regulation will also help in curbing the possibility of using crypto to launder money and place a check and balance in ICO which will make it very difficult for scam ICOs to operate.

I say regulation will in the end be a good thing for crypto..

What's your view about it?

I agree with you, regulations will make Crypto transparency. Govt will like to engage in it and also will be a means of our social lifestyle

[Deallove9]

In my view, regulation will be good for Crypto industry. As we can now see  that many Govt are looking for ways to regulate the industry.

Regulation will be a good thing in the long run. It will build trust for the industry among the masses thereby resulting in mass adoption. With regulation, people will feel more comfortable and have a sense of security to invest in crypto.

I don't believe that regulation means we have to declare our portfolio. Just as nobody cares to know exactly how much you own in the bank.

Regulation will also help in curbing the possibility of using crypto to launder money and place a check and balance in ICO which will make it very difficult for scam ICOs to operate.

I say regulation will in the end be a good thing for crypto..

What's your view about it?

I think regulations will make altcoin be centralized. So, I am not agree.

Most alts are centralized already by having CEO and them running affair of the coin so we need regulation to curb the scam looming in the technology by all these college boys that are learning programming to steal instead of adding value to the blockchain but all they do is raising ico to scam people but if ico is regulate , there will be a must company and license which must have details all bio of the team and with the the funds gotten from investors will be save as there is no hidden place for them any more.

[Dinid]

Regulation is important. Governments must protect their Citizens from get scammed by thief , scammer, and fraudulent ico projects. This will create a safe environment on crypto ecosystem.

The tax ? Some peoples agrre and agree. I still don't have any idea regarding this, it hasn't be implemented yet on my Country.

[trauchot]

I think that, after all, the regulation of the cryptocurrency will be an important step for stable and prosperous growth in the future, because then we will meet less scam companies, the price of all tokens will not change as much as it does now and cryptocurrency will begin with all the forces and opportunities that were previously forbidden to develop.

[Cryptoniko]

I agree with you, regulation is indeed very necessary for the convenience and security of crypto users in each country. and crypto regulation is very much needed for future Crypto developments.

[laughingburger]

In my view, regulation will be good for Crypto industry. As we can now see  that many Govt are looking for ways to regulate the industry.

Regulation will be a good thing in the long run. It will build trust for the industry among the masses thereby resulting in mass adoption. With regulation, people will feel more comfortable and have a sense of security to invest in crypto.

I don't believe that regulation means we have to declare our portfolio. Just as nobody cares to know exactly how much you own in the bank.

Regulation will also help in curbing the possibility of using crypto to launder money and place a check and balance in ICO which will make it very difficult for scam ICOs to operate.

I say regulation will in the end be a good thing for crypto..

What's your view about it?

I agree with you from what you say i believe it is regulation but in a more flexible way. Indeed regulation is good but if crypto is too regulated we might also see another problem arise as crypto is decentralize in nature and if government go into the game it will not be as interesting.

[Helex]

in my opinion, if a country has received crypto then it's going to help us make crypto or different transactions. it's miles more worthwhile as compared to nations which have not been able to take delivery of cryptocurrency.

[papar]

Government regulations. From the Interstate Commercial Commission after the Civil War to the Freedom of Information Act, government has issued regulations to protect and stabilize markets and businesses.