Quote from: Linhkej on September 27, 2018, 10:47:35 AM

Quote from: jademaxsuy on July 18, 2018, 01:08:06 PM

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 there are two sides to it. These rules definitely affect the features of crypto. Maybe the transaction process will be affected. But then, illegal trading activities have taken place. Drug trafficking, smuggling or money laundering has taken place and there have not been specific measures to deal with them while at the same time ensuring crypto transactions take place.

I think it is good because more and more people will trust cryptocurrency and will invest their money because they will be mentally relaxed that my government is on the back of crypto and my money will be safe. Although some people are against this because they do not want crypto to be controlled by government, but I think it is good for a safe and secure investment.