Post
Topic
Board Economics
Re: Government regulation on cryptocurrency, GOOD or BAD?
by
Whosdaddy
on 29/09/2018, 10:21:31 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?
The government didn’t really step in, cause they don’t have control over Bitcoin, all they did was set rules and regulations for those that are making use of Bitcoin and other cryptocurrencies, and that’s not in every country, not every government looks into cryptocurrency or tries to stand in the way. And I’m very sure that I’m not the only that thinks the government having control over Bitcoin will be really bad for us.