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Will cryptocurrencies have to follow more rules going forward?

  • Thread starter Thread starter Grant
  • Start date Start date
If the. United States government should pull out or try to enforce some policies against crypto, the price of bitcoins and the altcoins will likely drop. The US is known for its support for the crypto world.
 
Victorial said:
If the. United States government should pull out or try to enforce some policies against crypto, the price of bitcoins and the altcoins will likely drop. The US is known for its support for the crypto world.
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Obviously it will drop significantly but consider the fact that a lot of people from the United States of America has invested heavily in cryptocurrencies especially Bitcoin it might be very difficult for them to enforce certain policies that are not friendly.
 
Majority of the world governments see bitcoin as a threat especially those at the advanced country like United States China Russia etc. The government in my see Bitcoin as a threat to local currency and they place a ban on the cryptocurrency.
 
Setfragil said:
It is possible for cryptocurrency to have to follow more rules in some countries if it will be allowed to operate because some countries have actually ban cryptos in their country.
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I don't think the ban and restrictions by some countries has to do with the lack of security measures been put in place by wallet providers,but to some extent the issue of control and regulations on the part of the government.
 
I think more rules will be established concerning the cryptocurrency in the nearest future as majority of the work government want to have a control over the Bitcoin and other cryptocurrency.
 
Grant said:
It feels like cryptocurrencies are problematic to the US government. And I think they are going to establish more rules, maybe guidelines for what crypto can be in the US. Maybe they will require certain rules on where the currency can be spent, and how it can be spend.

I have a feeling we're in for a big rule over-hall.
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I have no issues with government regulating bitcoin. The important thing is for the government of countries to adopt it as means of doing transactions with a set guidelines that should be strictly adhere to. If that can be achieved in most countries, it will be wonderful.
 
Am not sure if the government would make strict laws that would discourage others from investing on cryptocurrency , because they also know the benefits attached to investing in it
 
Many governments would adopt his own rules in participating in crypto currency because they have different problems in economics. They would strategies on how to make it commensurable to their Fiat currency.
 
I am not against regulation of crypto. If there are no rules to be followed by crypto, it will bounce back in the economy of the state. However, the rules must not be the one that will be towards destroying the crypto activites but the one that will ensure enabling environment for the crypto lovers and its activities.
 
cryptocurrencies have to follow more rules to going forward. Their must be rules and regulations in other to trades on cryptocurrency platforms. Each platform has its own rules and regulations to follow.
 
Yes, we are really in for a big rule over-hall. I feel crypto currencies are problematic to all government and not just the US government, they are really going to set up a lot of rules. In my country the government placed a ban on crypto currencies.
 
If cryptocurrency is allowed to operate in some nations, it may be subject to additional regulations, as some countries have outright banned cryptocurrencies.
 
Definitely , it's becoming so complicated and I think more rules might be added
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Definitely , it becoming complicated I think more rules will be added are we continue
 
Grant said:
It feels like cryptocurrencies are problematic to the US government. And I think they are going to establish more rules, maybe guidelines for what crypto can be in the US. Maybe they will require certain rules on where the currency can be spent, and how it can be spend.

I have a feeling we're in for a big rule over-hall.
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This may be true and I think the reason why they are establishing more rules is because they just want to control the limit at which people invest in cryptocurrency, because the US government may also consider cryptocurrency as a threat to the economy.
 

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The real truth about the crypto market is that the market needs to be regulated. Some people are actually using the system to fund terrorism and this is what some government officials are complaining about.
 
If they are establishing rules that will favour the crypto community obviously the price will continue to grow perfectly , but if the rules and regulation they are establishing will have effect on how investors is seeing cryptocurrency then it might makes people lose interest in cryptocurrency.
 
I think that the rules and new regulations given to the cryptocurrency operating companies is better than issuing a ban. I will be very happy if the government of my country could come with such rules rather than the ban she imposed
 
More and more countries would definitely come up with policies that they seem fit regarding cryptocurrencies transactions, just like India saying they would be charging as high as thirty percentage in taxes.
 
cryptocurrency trading had no regulations for such, its has caused so many problems to most of the economies around the world. for it to maintain an absolute standard, precise rules should be followed.
 
A lot of cryptocurrencies are serving as a threat to the economy of so many countries, since the leaders of such countries have a mentality of making it look as though cryptos are going to take over their local currencies.
 
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