Post
Topic
Board Legal
Re: Cryptocurrency and regulation, do we need it?
by
Snaic
on 01/01/2019, 17:57:04 UTC
Given the history of Bitcoin and why it was created in the first place, it seems contrary to it's creation to 'regulate' it - in saying that, every system needs some sort of guidance to run by and regulations are the easiest forms of that (well I believe anyway)
It is not a question of changing the principles of its existence in the regulation of cryptocurrency. The usual regulation of cryptocurrency includes the formal determination of its legal status, the determination of the order and conditions of its circulation within the state and, as a rule, the resolution of the issue of its taxation. Solving these issues not only makes it possible to legalize cryptocurrency, but also creates the conditions for the formation of an infrastructure for its practical use as a means of payment. Therefore, government regulation is necessary for the further development of cryptocurrency and its introduction into the life of citizens.