Do you think it is necessary for a global regulation for bank to help investors invest in crypto?

[Sincerem]

With the recent bust in the demand for crypto currency by many individuals and big investors, there has been many speculations by big firms and investors in crypto currency Indicating the need for a global regulation that would help supervise the activities of crypto currency users between their exchange platforms and the banks.


Crypto currency was designed to operate on a decentralized protocol which makes the crypto currency perfectly anonymous and free from any direct ownership or influence by any government, body or financial institution.

Do you think such regulations would affect the decentralized nature of the crypto currency?

drop your comments down below let's share opinions.

 

[Lens]

The cryptocurrency regulation is good for the crypto space . The ban would have been very high but the regulatory option would make many countries lift the imposed ban.

 

[HayKay]

I'll not agree that bankers or the government get involved in cryptocurrency at all. Though it'll be good because the volatility would be greatly reduced but then there'll be a great reduction on the decentralized ecosystem that cryptocurrency posseses now.

 

[Sotherefore]

Hmmm, most countries will not like this, some countries are really against cryptocurrency and they won't really have anything to do with cryptocurrency . Any country in which cryptocurrency is not restricted , there is nothing wrong with crypto investing with banks.

 

[tyrim88]

I don't think that would be neccesary,because it would defeat the very essence of the market and what it was design to acheive.The decentralised nature is what is giving it its unique and dynamic operation.

 

[Syldan]

Yes I think that will be a very interesting idea because the operation of cryptocurrency and its transactions has no regulation and that makes it been operated even without consideration.

 

[Josephjossy]

The problem with crypto currency right now is that some counties ban the trading of cryptocurrency in their countries. this has affected so many people and so many companies

 

[Ononivami]

The regulatory scrutiny does not affect the decentralised nature of cryptocurrency. the cryptocurrency is designed to be anonymous and the decentralised nature allow you to exercise autonomous power on your digital assets.

 

[Sotherefore]

It's not every countries that accepts cryptocurrency and we shouldn't even expect that . well if you are lucky that your country sees cryptocurrency as a good investment opportunities fine. There are some countries that there is no regulation and citizens are not allowed to deal with cryptocurrency because they consider it a as a threat to their economy

 

[Shigobad2020]

Yes I think that will be a very interesting idea because the operation of cryptocurrency and its transactions has no regulation and that makes it been operated even without consideration.

The regulation of the crypto currency within transaction I one of the main reasons why the use of crypto currency is being regulated and also monitored by some of the government.

 

[Chibson]

I'll not agree that bankers or the government get involved in cryptocurrency at all. Though it'll be good because the volatility would be greatly reduced but then there'll be a great reduction on the decentralized ecosystem that cryptocurrency posseses now.

Definitely, when the government gets involved in cryptocurrency it will actually defeat the purpose in which it was created. The main purpose of cryptocurrency is to create a payment method that is totally decentralized and anonymous.

 

[tyrim88]

It's not every countries that accepts cryptocurrency and we shouldn't even expect that . well if you are lucky that your country sees cryptocurrency as a good investment opportunities fine. There are some countries that there is no regulation and citizens are not allowed to deal with cryptocurrency because they consider it a as a threat to their economy

definitly that is just the bottoline about the issue of cryptocurency trading and investment,because most countries do not want to relinquished their power of control oner their financial sector,with sole rugulatory powers.

 

[Shigobad2020]

The bankers and sime of the government officials have been into crypto currency and i even heard that they are using it to move currency in and out of the country like money laundering .

I'll not agree that bankers or the government get involved in cryptocurrency at all. Though it'll be good because the volatility would be greatly reduced but then there'll be a great reduction on the decentralized ecosystem that cryptocurrency posseses now

 

[Danny4cash]

I think we can only talk of that if many platform accept cryptocurrency as means of payment. If I can buy anything, anytime at anywhere with my crypto, while should I now care about bank?