If cryptocurrency was regulated would you still make use of it?

[tyrim88]

The use of cryptocurrency has increased drastically over the last few years, and at the moment of many people are using it including vendors as well. The main reason that people get involved in cryptocurrency is that it allows them to be able to earn online and also to be able to transact in an anonymous nature.

However if cryptocurrency how to become regulated in the future it is unlikely that many of these advantages would still stand. It is likely that if it is regulated and allowed as a transaction or payment to by the authorities, that it is likely going to be monitored constantly in order to ensure that there is no foul play that happens with cryptocurrencies. If this is the case do you think that people will continue to use cryptocurrency or do you think that people will tend to move away from it?

The cryptocurrency trading has really cut down a lot of restrictions on the e-commerce world,and has really brought commerce and transaction into a global nature.But any restriction would take the shine out of the whole experience,as what makes it unique is the volatility.

 

[kayode10]

Bitcoin was pan in my country and people are still making use of it to make trade and to invest. People are now more careful about it as they are not open and the only deal with the people they know when it comes to cryptocurrency

 

[Kelly5]

If cryptocurrencies were regulated, and it was still possible for me to be making profits trading and transacting it, I will still be using it

 

[Jlife]

The beauty of crypto currencies is that they are decentralized. If there is any direct regulation of it, then it would lead to a lot of people losing interest in it. I personally wouldn't invest much in it because political figures would manipulate it for their selfish benefits.

That is what I was also thinking ,cryptocurrency is a decentralized currencies, I don't think there is any kind of regulation that will constantly keep cryptoccurrences on watch since everything about cryptocurrency is not controlled by any man.

 

[Nurudeen]

If crypto currency exchange Business is regulated I will definitely use it because a lot of manipulatuon are currently going on the market due to the fact that it's not regulated by the government

 

[BrolySSJ]

The cryptocurrency trading has really cut down a lot of restrictions on the e-commerce world,and has really brought commerce and transaction into a global nature.But any restriction would take the shine out of the whole experience,as what makes it unique is the volatility.

I completely agree with you. I myself have even started to transact with overseas websites as well as i know that i do not have to share any of my personal information when i make use of cryptocurrency payments.

 

[tyrim88]

I completely agree with you. I myself have even started to transact with overseas websites as well as i know that i do not have to share any of my personal information when i make use of cryptocurrency payments.

This is actually a true fact,earlier in the year when i wanted to do a wire transfer with a foreign currency,the only option avialable to me was through my local bank,and the verification process took over a month,and at the end of the day it was still rejeted.So cryptocurency has made things easier.

 

[BrolySSJ]

This is actually a true fact,earlier in the year when i wanted to do a wire transfer with a foreign currency,the only option avialable to me was through my local bank,and the verification process took over a month,and at the end of the day it was still rejeted.So cryptocurency has made things easier.

These verifications processes are quite long and they require a lot of information from you as well, whcih delays the payment process and can make it difficult to interact with foreign markets as well. Crypto can be transferred and confirmed almost immediately.

 

[GIFTMICHAEL]

Whether it is regulated or not provided it is still volatile I'll still use it. But if its made to be like the fiat currency I'll simply avoid it cos no gain.

 

[Snazzy001]

I am in love with the way you put the statement, it is only regulated but not fully banned. I will still manage to work with it

 

[akinlolu99]

I would in any case be putting resources into digital currency regardless of whether it becomes managed by the specialists. One explanation is that on the off chance that they as such a lot of need to manage it implies the can presently don't overlook its ascent. Furthermore, for them to think of it as a danger to be put under guidelines will simply build it request. What's more, an expanded appeal implies more worth and more market and considerable assurance.

 

[Snazzy001]

If it was regulated in my country it would have been manageable and would have made sense to the citizens. But it was wrong for them to have eradicated it completely

 

[Man]

Yes, I think people will continue to use cryptocurrencies in the same way, in fact in better ways, if they are regulated in the right way. Over regulation can kill also but if regulations are done the right way then will cryptocurrency will serve as a very decent user-friendly currency and the only people who will run away from it, would be the people who are trying to do various kind of frauds.

 

[Grandeur]

If crypto currency was regulated then the market would of course be tampered with by the government which would make the market loose it's niche and I would loose interest.

 

[Yusuf]

I will definitely use crypto currency exchange Business even if it's regulated right now. For me I think that's the best thing to do because of the fact many people are now using the Business as a scam

 

[Good-Person]

The beauty of crypto currencies is that they are decentralized. If there is any direct regulation of it, then it would lead to a lot of people losing interest in it. I personally wouldn't invest much in it because political figures would manipulate it for their selfish benefits.

Crypto are decentralized and this is one of the biggest reason why I believe that they might not be regulated so easily. I agree with you that people will definitely lose interest in it. However, there would still be many coins that would not be regulated, don't you agree?

 

[Dagm1]

If the authorizations will have actually taken or even control the cryptocurrency it will be actually a lot of problem will certainly appear to the crypto world. Where they can easily quickly control points whatever they desire. Tho practically there's currently somebody who's responsible for of this particular crypto point. I believe crypto money is actually a lot more attractive to the culture when it is actually kept anonymously.

 

[Zevin]

Share market is regulated, money market is regulated, mutual funds is regulared and we can make a lot of money from these markets, there is no problem with regulared market.

 

[Josemendez]

It depends on the extent of the regulation. If the regulation imposes heavy tax on cryptocurrency Investors then it might discourage me because most of my profit will be taken by taxation

 

[Hena101]

If crypto currency is regulated then i will stop using it because it was not created to be that in the first place and this will make many people to stop using it.