Hello, would love to get your opinion on this topic. Do you think there would be more regulations regarding cryptocurrency by the Government? Both now and the future? Lets say bitcoin price rises to $100,000 per bitcoin, Do you think the government would actually let it be and function on its own without constant regulations? Well, personally I think we would see more regulations from the government down the line to a 1 Trillion Dollars total market cap and above. But Im positive such regulations wont hamper on the further growth and advancement of cryptocurrency. So tell me, what do you think?
Id the government implemented rules and regulations, they need to be sure that it is not just for there interest but also for the welfare of the users of bitcoin, and other coins or the crypto itself. Putting taxes will do but if they implemented something that concerns with the identity of users well it will definitely undergo in a debate. The regulations must only concern with the security the users will have.
I dont think that government will make regulations which wont try to get identity of users because they are implementing the rules and regulations in which their main criteria will be to show the identity of users. If you see last all ICO are asking KYC procedure, which means their is identity verification's of users who wanted to be in crypto world.