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

[Chibson]

Any cryptocurrency that is regulated violates the principle of decentralization and I don't think people would adopt such.

 

[Nomad]

I don't think there are any regulated crypto currencies. There is news about some governments trying to launch their own crypto currencies, however, governments are yet to lunch their own crypto currencies. Government currencies would be a regulated crypto.

 

[Ruth]

Personally I don't think it's possible for cryptocurrency to violate the rules of decentralization. Every business definitely has it's highs and lows. The higher the risk the higher the profit. That is you truly understand what you're doing.

 

[Filicit]

I don't really understand this post, the topic and sub headings doesn't give much explanation but if we are talking about coins being decentralized in a regulated market, this is certain since most of the activities still are checkmated and run on block chain ledger

 

[joy101]

I don't think cryptocurrency can be regulated by it violates of the principle of decentralisation, and it becomes decentralized currency controlled by the government.

 

[HayKay]

I'm going to be logical as possible in my answer and leave technicalities out of the equation.. The thing about why there needs to be a form of regulation is because of human attitude. A lot of fakes are popping up everywhere; if there was something that could be done to check the validity of any token or coin before it's release, that would be better

 

[Lens]

The debate on whether cryptocurrency is truly decentralised is gaining momentum everyday. This comes to limelight when the whales started buying cryptocurrencies in large quantity. You and I know that the whales could influence the cryptocurrency price movement through their statements or actions. The decentralisation features is really a thing of concern.

 

[GoldenLady]

Regulations on cryptocurrency is a necessity. Over time crime rates will be overwhelming if it's not known how large sums of money move from one hand to another.

 

[btaliat]

Now that government of nations have come together to regulate how crypto works. This has violated the decentralization of how crypto was designed to be.

 

[Ceeny007]

I think there is a conflict of interest in the whole regulation thing but I think the full documentation should be reviewed to decipher loop holes

 

[tuna89]

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.

You are right because transactions on such currency can easily be monitored and tracked. There are more coins out there that can facilitate anonymous transactions asides these.

 

[Filicit]

The debate on whether cryptocurrency is truly decentralised is gaining momentum everyday. This comes to limelight when the whales started buying cryptocurrencies in large quantity. You and I know that the whales could influence the cryptocurrency price movement through their statements or actions. The decentralisation features is really a thing of concern.

I don't think anything can be done about whales buying and dumping, the rich controls the poor right from time and that is what is happening in crypto too

 

[GIFTMICHAEL]

You are right because transactions on such currency can easily be monitored and tracked. There are more coins out there that can facilitate anonymous transactions asides these.

That's why many traders simply opt in for DEFI coins cos they are more on decentralization instead of centralization. I love decentralized coins to a pic third party regulations.

 

[tyrim88]

Regulations on cryptocurrency is a necessity. Over time crime rates will be overwhelming if it's not known how large sums of money move from one hand to another.

When you are looking at it from that parspective of some persons using this loopholes to carryout some naferious activities like terrorism,then it would be ok,but other than that it is good the way it is.

 

[Setho]

I believe that there can be electronic currencies that are regulated by a central authority but then cryptocurrencies cannot be regulated by any authority.

 

[GoldenLady]

I don't really understand this post, the topic and sub headings doesn't give much explanation but if we are talking about coins being decentralized in a regulated market, this is certain since most of the activities still are checkmated and run on block chain ledger

This is right. Its possible for decentralized coins to be in a regulated market. Binance one of the most common exchanges is centralized. The whole concept can be confusing.

 

[tyrim88]

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.

That is actually the case with some investors that would want to save their money against fluctuation,and this is the reason for stable coin,but the decentralise coin is where one can actually make a lot of money.

 

[Setho]

Once there is anything like regulation of digital currencies then it's no longer becomes trip to currencies because it has beat the original my it was created.

 

[tyrim88]

Once there is anything like regulation of digital currencies then it's no longer becomes trip to currencies because it has beat the original my it was created.

I think the reason why a lot of countries are coming up with their own version of cryptocurency is for the state to be able to have regulation and control of how transaction and confirmation is been made.

 

[Tolumi]

I dont think there is a way you can fully regulate cryptocurrency without affecting the decentralization. Once the decentralized feature of crypto is tampered with then the aim is defeated.