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

[Dagm1]

I truly do not believe controlled crypto money can easily break the concepts of decentralization. For me I truly believe the crypto money trade Company ought to be actually controlled since the industry still have actually a very long way to go

 

[Elfinito]

Well for me, I think any crypto that is regulated may certainly lose some value because regulations means under government watch and control so it price may certainly drop

 

[Kubiat-Abasi]

This decentralization is the reason some Countries has placed a ban on crypto currencies because the inherently selfish government wants the currency under their power. Regulated currencies would legitimately violate the rule of decentralization!

 

[Trexxxy]

It does actually, if the regulated crypto is created by the government for their citizens that means they might be able to track and monitor the transactions, as opposed to the anonymity decentralised crypto offers.

 

[Blessedsam60]

I actually don't think regulated crypto can mess the principles of decentralization. I will really that the crypto currency exchange Business should be regulated because the sector still have a long way to go in serving Itch free transaction

 

[Essy]

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.

Centralized coins like you mentioned are reffered to as stable coins and are not volatile that means they do not rude or fall in price like other coins, they are good to keep coins in the dip

 

[greenie]

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.

 

[CeeJase]

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.

China been one of the stronghold country that is against the use of cryptocurrency and bitcoin as well are among the first people that developed coins that they actually regulate which other countries are trying to copy.

 

[Ononivami]

Regulations and decentralisation are two different things entirely. Regulation will not forfeit the decentralised nature of the cryptocurrencies. The Regulations is used to curb illegal cryptocurrency transactions.

 

[Sincerem]

Most certainly, regulations in any form , area or sector to which it is applied only indicates more control. With regulations on the crypto currency it affect the decentralized nature of the crypto currency.

 

[Bookwormlux]

The regulation of cryptocurrencies activities is what usually makes things good and it is for the purpose of the society's well-being so that scammers will not get along easily.

 

[Ononivami]

There is no correlation between the regulated cryptocurrency and the decentralised system. Regulations doesn't mean that the cryptocurrency could be controlled or tampered with.

 

[Lens]

There is no correlation between the regulated cryptocurrency and the decentralised system. Regulations doesn't mean that the cryptocurrency could be controlled or tampered with.

I agreed that their is no connection between regulations and decentralization. The regulations can not make cryptocurrency a centralized digital assets.

 

[Ononivami]

I agreed that their is no connection between regulations and decentralization. The regulations can not make cryptocurrency a centralized digital assets.

The regulations and the decentralisation cannot be together. The decentralisation is the peculiar features of the cryptocurrency and it was part of its technology. Regulations is not attached to it.

 

[Lens]

The regulations and the decentralisation cannot be together. The decentralisation is the peculiar features of the cryptocurrency and it was part of its technology. Regulations is not attached to it.

The Centralized currency is a government-controlled currency and the cryptocurrency is decentralised cryptocurrency and cannot be controlled by the government.

 

[Setho]

If there is ever a day in which the government is going to get complete control of cryptocurrency then it means that everything about it has already been defeated because it is supposed to be completely anonymous.

 

[Busybee]

When the word regulation enters, the world free market leaves. Cryptocurrencies were created so that no one has control over the finances of others. Defi stands for Decentralized finance and bringing regulation to it would make it centralized finance that is nothing but the existing banking system all over again.

 

[Setho]

If cryptocurrency is going to be regulated in anyway then there's absolutely no reason for me to continue using it because it is just going to be the same thing is a normal fiat currency that we know.

 

[Smiles20]

There is absolutely nothing like regulated cryptocurrency in the first place because cryptocurrency is supposed to be something that does not have a central authority that is guiding and regulating it.

 

[Lens]

The regulations does not in any way affected the decentralization of cryptocurrency. The regulatory scrutiny would bring more people to the cryptocurrency business.