we don't need to regulate cryptocurrencies but regulations can be also helpful with the adoption and growth of them or they can be restrictive and even prevent the adoption altogether. in the end it will come down to what they are regulating and how. for example if it is regulation of exchanges and if it leads to a more secure place where people can trade with less risk that would be a very good thing.

its a good idea to think there is a proper regulation among cryptocurrency, and it doesn't mean it is required to be implemented. i agree with what you are trying to say, besides it is also one of the factors that will help the digital currency grow and according to you it will lead to mass adoption and avoid higher risks among users.

Because of criminals. This must be regulated!

That's right! Regulation can lead to a global consensus of cryptocurrency as well as the people that want to use it. It can be also a proof that crypto is not illegal and many people will attract by using of it. Because cryptocurrency becomes popular nowadays, we can never prevent of using it in criminalities. However, if there is a law imposed by the government,  crypto activities can be tracked and illegal activities can intercept.

As long as powerful governments exist (which they certainly will in the short to medium term, and most likely will in the long term), regulation is pretty much inevitable.  

It's important for them to regulate it so that they can monitor what taxes people are paying, since many Bitcoin users seem to avoid it.  It's also important for them to try and prevent illegal activity by monitoring exchanges.  

Sure, regulation isn't very effective in all cases, but when you have laws in place, you need to be careful not to let some people off the hook or you'll end up with protests.

Setting digital currencies like bitcoins is hard to do, and we do have to set the bitcoin currency in order not to be used for crime, and in order to run well according to the rules.

     One of the core principles of Bitcoin is that it is a decentralized system. There is no governing authority over the Bitcoin platform. This ideology outlined in the original white papers played an integral part in its success. I believe that for many reasons, it is important to maintain this platform for any cryptocurrency. This means that at no point should cryptocurrency become regulated. I think that it is important to recognize that accountability and regulation are not always the same.  Cryptocurrency can by nature remain unregulated while at the same time allowing for individuals to be held accountable.

     There is a common misconception that cryptocurrency exists solely to facilitate criminal or nefarious transactions. The unregulated frontier of these new digital currencies brings a whole new area of consequences. There certainly are many real threats to having an unregulated currency. These threats can however be mitigated if individauls commit to identifying and neutralizing them.

     Privacy is an important part of cryptocurrency that should not be compromised. An individual waives that right to privacy any time they accept or send their cryptocurrency to an individual. Any individual with enough motivation could in theory act as their own authority to hold individuals accountable for their actions. The question should not be 'How do we regulate', but instead 'How do we hold individuals accountable for their actions'. It is up to each individual sending or receiving cryptocurrency to determine whether or not there is a need to do hold that individual accountable.

We need to regulate digital currency because is the trend now... we are facing the digital world.. so we need to educate people about it so we can face the future with full knowledge about it.

I do believe that it is not crypto itself that needs regulation, but the instruments that people use to deal with it.

For example, wallets -- because we want to prevent scammers and thieves. So wallet manufacturers should be certified or have their code reviewed by peers or something to keep from "accidental private key leaks"

Exchanges -- for the same or similar reason. We don't want them being run by scammers.

And any other auxiliary centralized tool that people use.

Other than that, no real crypto regulations should be enforced.

Maybe but who would be at a real disadvantage if it was not regulated. The government or you?



That's what the government says, but without Bitcoin there will still be the same level of money laundering, terrorism and other crimes that will use the US dollar as the medium of exchange.


Cyberattacks have always been around, if your system is compromised, then criminals would have other uses for it other than ransomware.

Lucky for us, ransomware also subsidizes Bitcoin. Hahaha.