Post
Topic
Board Economics
Re: Government regulation on cryptocurrency, GOOD or BAD?
by
Osayo
on 19/09/2018, 23:58:19 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 am not totally against government regulation in cryptocurrency as it can help to track fraudsters and scammers. It will be okay if the government decides to regulate it.