What Happens if Crypto is Regulated?

[GoldenLady]

This is a legit concern for users and fans of digital currencies. It could translate to less freedom and privacy and heavy taxation.

However, there are some aspects of it that raise genuine concern, like it's anonymity which means someone can get away with illicit transactions.

If regulation ever happens, how do you think it will affect cryptocurrency?

 

[Yugocean]

Regulation will only effect centralized platforms, crypto will remain effect free in decentralised platforms and non custodial wallet. Also privacy issue will make cryptos like Monero stronger.

 

[Goin N' Ballzdiep]

This is a legit concern for users and fans of digital currencies. It could translate to less freedom and privacy and heavy taxation.

However, there are some aspects of it that raise genuine concern, like it's anonymity which means someone can get away with illicit transactions.

If regulation ever happens, how do you think it will affect cryptocurrency?

I don't think there is a way to regulate cryptocurrency. I mean yeah, you can regulate platforms such as Robinhood, Crypto.com, Coinbase, etc. With self-owned wallets and ledgers, they can't force a regulation on those. It would be more like a trust system where they would be trusting you to pay your tax on your crypto transactions.

 

[Yugocean]

First thing, why people will pay tax to chors (thives) who already lapse people's money? Bitcoin and desentralizatio is introduced to get freedom from the financial corruption.