Do you think that states should start regulating crypto?

[deucher]

Currently, cryptocurrency is popular among businessmen and various traders who work illegally because they can conduct transactions through cryptocurrency that is not controlled by the state, and do you think that the state needs to control this sector?

 

[Riberet19]

Cryptocurrencies are already being regulated in almost all parts of the world, in Europe with the Mica law of 2024, in the US there have been a few regulations during 2023, and other places in the world are also regulating cryptocurrencies under their jurisdiction, such as the case of the UK for example.

 

[Nomad]

I am against regulating crypto, I believe crypto should remain decentralized and state shouldn't meddle with crypto. However, I believe crypto companies such as crypto development company, exchanges, etc. Should be strictly regulated.

 

[Grant]

I think it needs to, especially in the rise of fake cryptocurrency scams or crypto scams in general. Too many people have been doing pump and dump schemes, it's crazy. Cryptocurrency needs to face some scrutiny for what's going on. And we can't just let anyone start a new cryptocurrency, it needs to be better established and go through a set of rules I think.

 

[Henrywrites]

They should, as that is going to help, give some investors the confidence that they desire in getting things to work. I don't believe that letting cryptocurrency run as it is being run is the ultimate as a bit of tweaks can help to bring some confidence into the market.

 

[Dice]

Maybe in the upcoming future, states could consider regulating cryptocurrencies. As the use of digital currencies continues to grow, regulations might help establish clearer guidelines for their use and ensure consumer protection. However, it's essential to strike a balance to avoid stifling innovation. Stricter regulations could provide a level of security for users but should be crafted with a nuanced understanding of the dynamic and evolving nature of the crypto landscape.