Regulations are bullshit. It's just an excuse to control your money. Because cryptocoins are outside the government taxes reach, they are trying to get some for them.
This is an agenda of socialist states. That's all.
Our cryptomoney is OURS only. Don't let the government get them.
I don't agree with this at all and you mentioning 'socialist states' doesn't make me want to believe you either.
I think it's fairly logical that crypto should be somewhat regulated, regulations aren't always a bad thing.
Especially when you see how successful it could be to get some form of regulations for cryptocurrency.
Take Japan as an example, crypto is booming there since they've issued clear regulations for crypto.
Regulations shouldn't be draconian, but should provide us with clear guidelines on how crypto is taxed and possibly add rules for tax exemption in some cases (for long term investments for example).
I have no problem paying taxes, there are enough public expenses that I'll gladly pay for.
Sources:
http://www.atimes.com/article/survey-shows-japans-crypto-sector-continues-boom/http://bitcoinist.com/bitcoin-boom-japan-97-billion-one-month/don't mistake "regulations" with "moral laws". It's not the same thing.
Regulations is the kind of law where the state control the regulated thing through a lot of limitations and fees. Moral laws only make some rules so people can do that thing better.
Regulations stop the free market capitalism, harming it and taking out the individuals freedom. Moral laws protect the individuals and moralize the capitalism.
For example, regulations at Brazil restrict telephonic companies with a couple of rules which they need to follow so they can start to sell. These rules are arbitrarian and only benefits big companies, letting small companies die, because they can't compete. If the laws were only moral, the rules would be minimal to protect the CONSUMER and the fair competition. not the big companies.
Yes, socialists states like to use regulations to control everything. They are doing this at many countries, including here in Brazil. Don't underestimate them.