Does " Regulated crypto-currency" doesn't violate the principles of decentralization?

[Didosky]

When we talk about cybersquatting, encryption is not a bad thing, and it becomes imperative to protect financial property.

 

[Dowenship]

When we talk about cybersquatting, encryption is not a bad thing, and it becomes imperative to protect financial property.

No.... I don't think the regulation affect the functionality of decentralization, although I don't know the full documented write up of the regulation...

 

[GIFTMICHAEL]

Some coins are centralized lime the Chinese Digital Yuan and USDT, which is controlled by different entities. So we shouldn't trade on those coins if we want anonymous transactions.

 

[Nurudeen]

I really don't think regulated crypto currency can violate the principles of decentralization. For me I really think the crypto currency exchange Business should be regulated because the sector still have a long way to go

 

[Alexandoy]

Some coins are centralized lime the Chinese Digital Yuan and USDT, which is controlled by different entities. So we shouldn't trade on those coins if we want anonymous transactions.

The Chinese Digital Yuan is not a crypto coin. It is a digital version of the physical Yuan. A crypto coin has its own value in the market exchange while the Digital Yuan is actually Yuan but only in digital form. I wonder why so many are confused with the digital Yuan.

 

[tyrim88]

I think the unique thing that makes the cryptocurency what it is today is the anonymous nature of its transaction process and the decentralise nature,though some persons have actually abuse this priveledge,but that is what makes it unique.

 

[Zevin]

I don't understand what the OP means by regulated crypto currency, the only regulated crypto currency I know of is the central bank digital currency, which is still to evolve in major countries.

 

[BrolySSJ]

Of course if you have to regulate a cryptocurrency then it will result in the centralisation of that network however I think that it will not take away from cryptocurrency if it is regulated in the correct way. For example if you still allow people to actually utilise cryptocurrency and to remain anonymous whilst they are still paying tax on their transactions then I think that it will not infringe on the decentralized network.

 

[Senator]

I think if the coins are regulated we won't have that privacy we think we have before transacting in cryptocurrency because the government will now have access to our dealings like they do the traditional banks

 

[eLdavis]

Once they start crypto currency regulations, it would be the complete opposite of what crypto currency in general stands for. As it completely goes against decentralization.

 

[Justin]

I do not think crypto currencies can be regulated. If you hear about the word "regulation" in the crypto currency market, it is related to regulation of crypto currency exchange

 

[Yusuf]

Regulating the crypto currency exchange Business is very important because it's now been used for scam dealing and I really don't think the regulation will affect it's decentralization in any way

 

[Josemendez]

It depends on the extent of regulation. However cryptocurrency was meant to be Decentralized ,but without regulation , a lot of risks may arise.

 

[Man]

Regulation should not impact the basic principle of decentralisation of cryptocurrencies. It only tries to avoid fraudulent activities and make the currency stable. If you are doing a legal transaction, then there is no need to remain anonymous. Only, by not hiding all the transactions, we will be able to get rid of all the illegal financial activities.

 

[Josemendez]

Regulation should not impact the basic principle of decentralisation of cryptocurrencies. It only tries to avoid fraudulent activities and make the currency stable. If you are doing a legal transaction, then there is no need to remain anonymous. Only, by not hiding all the transactions, we will be able to get rid of all the illegal financial activities.

Well , do you know that if transaction are open , people can access the amount if money in someone wallet and this will put them into the danger of being scammed.

 

[Man]

Well , do you know that if transaction are open , people can access the amount if money in someone wallet and this will put them into the danger of being scammed.

I agree this can happen even with normal currencies and normal wallet. However, regulatory bodies will definitely put in high security measures, which would ensure security for individual accounts. Danger of being scammed cannot be reason to make all transactions underground and invisible to regulatory bodies.

 

[GIFTMICHAEL]

Only the centralized coins can be said to be regulated by the government or individuals who made it. They've altered the main reason of crypto creation of being anonymous.

 

[Stylex]

Write your reply..As we all know, every business has its risks and the higher the
risk, the higher the reward. Investing in crypto is worth it if you
actually know what you are doing. So many people go into
crypto without actually understanding what they are going into.
Once they begin to mistakes, they give up thinking the
business was not a good choice for them.

 

[btaliat]

It has violated the principle of decentralization preaches by crypto. That's why most people won't buy governemnt coin if they launch their coin.

 

[Thinker009]

It violates the principle of decentralisation , because it becomes a centralised currency controlled by the government and might discourage many from investing