Post
Topic
Board Bitcoin Discussion
Re: Why do we need to regulate digital money
by
Gummybear67
on 08/08/2018, 05:58:38 UTC
The real money is regulated or controlled by the government for economic stability. Cryptocurrency however is not controlled by the government but can be regulated. Cryptocurrency is a different system compared to the real money but because we use money to buy cryptocurrency then the two becomes synonymous as cryptocurrency can be converted back and forth. And because of these every digital money should be regulated so as to keep everything in balance most especially if we are talking about a country's economy.
Digital currency is to change the world, many of which were positive, to a certain extent, they pose a containment of the government, gave the people an alternative, but that doesn't mean they don't need to be regulated.


One of the core reason is: anonymous, do not track, not regulated digital currency will make form a closed loop technology crime, money laundering and terrorist, and disappear from unsolved bits, bytes, while the impact damage with each person in this world.


If every penny of extortion is tracked, is there enough motivation and courage to launch a WannaCry to attack the world?
Since then, regulating Bitcoin is one of the biggest demand of investors. Maybe because we will benefit if that happens, we will have a balanced and legal system and a more open but protected policy. On the other, its fine if Bitcoin will not be regulated since it will still work, but it more better if it does.