Post
Topic
Board Bitcoin Discussion
Re: Possibilities of regulating cryptos...
by
Juggy777
on 18/04/2018, 08:39:09 UTC
The fact that digital assets like cryptocurrency uses blockchain technology gives it the advantage of not being controlled by anyone even the government. That is why some governments prefer to ban cryptos just not to give oppurtunity for bad people to use it for their bad motives/actions. Regulating cryptos are not as simple as peeling of a banana, it'll take long talking and discussion.

As to the left and right scams involving the name of bitcoin, fraud and other illegal doings that bitcoin's name is being dragged, what are the possibilities that cryptos will be regulated? Thank you..



Regulating Bitcoins is easy Japan has done it and so are many other countries who're planning to do it. Whenever we buy and sell bitcoins we receive money in our bank and that is a government record, they can access it any time they want and know who made how much money. I feel countries should regulate instead of ban or leave it as it is. Reason is people will indulge more in scams to enjoy this and it's not good.