Post
Topic
Board Economics
Re: Government regulation on cryptocurrency, GOOD or BAD?
by
Pepito Manaloto
on 02/09/2018, 14:29:52 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 think it would depend on the kind of regulation the government will give to crypto. If the regulation are too much and much more beneficial for them than the investors and traders, then it is not a good thing but if it is just exact and focuses more on the control on the use of crypto, then we should just let it be and support the regulations.