Post
Topic
Board Economics
Re: Government regulation on cryptocurrency, GOOD or BAD?
by
max fray
on 02/10/2018, 13:34:35 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?
Is talking about KYC and registering ICOs to governmental agencies I totally agree with this policy hoping that it would prevent scam projects and people registering tons of accounts into a single ICO. All in all, there should be some regulation of crypto market, otherwise it all looks like chaos.