Post
Topic
Board Economics
Re: Government regulation on cryptocurrency, GOOD or BAD?
by
win365
on 17/08/2018, 17:56:48 UTC
I came to a realization that government had stepped in already in some countries who are accepted and acknowledge cryptocurrency existence. In fact they made a regulations that has made some negative and positve reactions over the implementation of cryptocurrency regulations like doing KYC (Knoy Your Client) on local exchanges, Registering ICO projects to the government agency concerns and etc which purpose is to prevent illegal or abuse in the use of cryptocurrency from money laundering, funding terrorist groups and etc. Well can you say about this regulations, GOOD or BAD?
I believe that cryptocurrency is a state of freedom and independence, so every kind of regulations that government is trying to put on them would be negative for their freedom, and independence as well.