Post
Topic
Board Economics
Re: Do we need regulations?
by
Blue Bell
on 12/04/2018, 16:25:02 UTC
Every now and then we need always a regulations in order to have a proper process or anything else because regulation intends to regulate what people are allowed to do, and I think that in crypto world we need a regulation to have a clearer transactions for all.
Yes, we do really need rules and regulation because it serves as our guideline in what to do and what is need to avoid especially in bitcoin. We have many bitcoin users so it must have regulation to be followed on order to have proper process. Rules and regulations also serve as the starting point of every users in bitcoin so btc must have it.

I totally agree. I think that being regulated also means that people will need to pay taxes in every transaction. While this may seem negative to many crypto supporters, this actually helps reach more businesses without any fear of being shut down.

The point is that, it is hardly possible to tax crypto without regulating the Internet, especially when you have anonymous cryptocurrencies such as Monero. Hopefully, crypto will eventually trigger a mass discussion regarding the morality and necessity of taxation in general.
Yes there is a lot of things that makes bitcoin high and regulation is one of them so if you see the price of bitcoin high bit means bitcoin will be profitable to you, if bitcoin will get regular as the fear of being scammed or being hack will reduce, for me the bitcoin currency is the best currency which gives every user high profit, so for sure something best like bitcoin should be regular because this way price of bitcoin will also increase and more people will be interested to invest in bitcoin for long time without any fear.