Regulation or Privacy?

[Treat1234 0]

14 hours ago, GoldenColor said:

In general, regulation is helpful, because with KYC, safety is much better and any transactions is filterable. without these terms business area is in danger always.

If we should looked into regulations, then tax is included and anyone on cryptocurrency will be ask to pay tax and in term of privacy, is totally lost

[teminalibug 309]

4 hours ago, jekichchan said:

Cryptocurrency has all these advantages, but I don’t think there are so many of them. I am sure that they are much smaller. Cryptocurrency can become dangerous for people, you need to use it correctly. It works well for companies, you can make exchanges of goods for cryptocurrency between companies.

Like one of the cryptotalk says the real enemy is me, this is very true and in that case, all that dangers in the cryptoworld, depends on the person himself.

[Upright 2688]

When looking at this of the regulation and the privacy,they are great but all this have to come on a same topic for on when  the main reasons of Cryptocurrencies where actually created on as that's anonymous and privacy of users identity when using this decentralized systems

[Abiaan 1209]

its always a privacy , nobody can choose benefits over the safety of the person and personal information, while yes there are some cons of privacy but thats not a problem for the user most of it is for government , so as a user i always need privacy

[AkaCrafterCZ 1140]

Cryptocurrencies were supposed to be private and decentralized, allowigz the network members to process payments securely and with privacy. So I vote for that. But I must agree cryptocurrencies are a great mechanism used by criminals and such illegal activities.

[rekter 8129]

You can actually combine the privacy and KYC, just look what Dusk network is building. They have a build in kyc coming up and pirvacy is implemented on the permissionless blockchain.

[pablomarwan 3082]

I know that these controls are imposed on you by filling in your personal information in order to avoid being a suspect business in order to be cautious and reduce these matters. But it is a very dangerous matter that you may be exposed to penetration and fraud and in these days the penetration is increasing

[teminalibug 309]

16 hours ago, MarsDota2 said:

I think regulation is a must so that the crypto community will be more peaceful and no more fights, hacking and scamming. Users also wants to be anonymous but we can set it aside.

I don't think that regulations can stop scammers, because scammers would easily be able to skip regulation.

[Honny143 13612]

25 minutes ago, teminalibug said:

I don't think that regulations can stop scammers, because scammers would easily be able to skip regulation.

Yes mate regulation not stop this scammers because so many government regulated sectors also hacked then how to stop in crypto,so I think privacy is more important in crypto because it's encrypted so privacy we need.

[teminalibug 309]

45 minutes ago, Honny143 said:

Yes mate regulation not stop this scammers because so many government regulated sectors also hacked then how to stop in crypto,so I think privacy is more important in crypto because it's encrypted so privacy we need.

That is true but my main point is if you regulate crypto, there are other decentralized platforms that can in no way be regulated.

[Ms.o 3322]

Crypto are known as decentralized,meaning any one can stay anonymously,and this is what i like most,having privacy. Privacy is important to me than those regulation that can break. Because having privacy you can be somehow protected on malicious attacks.

[Rezort 846]

To my mind, the best option would be both regulation and privacy because if we had full regulation of cryptocurrency, that means we would be taxed from every transaction not including fees, so I don't know.

[issa123h 0]

In the reality we need both

Of them but when you put choose

I prefer privacy to keep my

Transaction and my funds safe

Thank you my friend 

[teminalibug 309]

7 hours ago, Zain9080 said:

I personally don't think we need regulation. Bitcoin was created so that everyone can keep their money safe in wallets without having to worry about governments controlling their transactions and asking them to pay taxes......

At least if they promised us that they will eliminate scammers and make the crypto world clean i would have agreed to it a bit, but we get nothing from those regulations.

[jamesvince 2389]

Because crypto market is decentralized market that is why many countries not accepted as legally privileged market. We need some regulations of crypto market like forex trading business so that we can easily earned with no fear of government takes actions again us. 

[Jimmy26 987]

Both are mandatory in their field because without any regulation it's impossible to implement any idea and work to the people's and without privacy no one can work in any website freely that's why you both are having their importance and together they can make any campaign or website or any work successful because when people's working on any platform if they are happy then the campaign or work will be successful.

[Hatred 1388]

On 11/11/2019 at 10:42 PM, teminalibug said:

Importance of Cryptocurrency regulations and KYC

• AML (Anti Money Laundering)
• Keeping an Eye on Transactions
• Risk Management
• Seamless monitoring of transactions to ensure regulatory compliance, figuring out suspicious activities.

Importance of Cryptocurrency Privacy

• Danger from criminals
• Better basis for companies and private individuals in negotiations
• Contaminated coins can lead to blacklisting
• Censorship and prohibition
• Just privacy

As you can see Both Cryptocurrency privacy and regulation have importances, what what do you think you real need?

 

It is hard to choose between the two. Well, you need Cryptocurrency regulation and privacy for you to stay long in the cryptoworld. So leaving one of that two can make a worse decision. You will have a hard time facing problems because you leave one of them.

[Rahul11 292]

On 11/11/2019 at 8:42 PM, teminalibug said:

Importance of Cryptocurrency regulations and KYC

• AML (Anti Money Laundering)
• Keeping an Eye on Transactions
• Risk Management
• Seamless monitoring of transactions to ensure regulatory compliance, figuring out suspicious activities.

Importance of Cryptocurrency Privacy

• Danger from criminals
• Better basis for companies and private individuals in negotiations
• Contaminated coins can lead to blacklisting
• Censorship and prohibition
• Just privacy

As you can see Both Cryptocurrency privacy and regulation have importances, what what do you think you real need?

 

I will choose crypto regulation. Because crytpo are anonymous and it's the major problem for the market. Anyone can use it as illegal activity. If crypto will registered then every wallet willl registered. And we can know who making which transactions.

[Raqeebzy 6456]

If we choose cryptocurrency being regulated, then where do we have the anonymity promised by it and how can we be sure information given out in KYCs are not mishandled. As time goes on, government and will keep on bringing in new policies and to use cryptocurrency, we will need to pass through procedures like this, i won't have problems with KYCs if I am certain my information are handled properly and safe.

[Zalaks007 543]

I don't think I can choose either one and leave the rest but rather I will go with little of both. If there's a little regulations in cryptocurrency it will do better and also with a little privacy it wilm make the token great than it now.

[Moaz 7239]

I believe that privacy and regulation are important in the field of crypto, but I prefer privacy because one of the most important advantages of cryptocurrencies is decentralization and therefore to preserve the identity of all people in transfers away from the control of governments, and if there bad people this is present in any field in life

[Ayush Singh 1175]

According to me both of the things privacy and regulation is important for the users of cryptocurrency but for me I will prefer more of privacy than regulations because privacy is most important and useful for me when we see such a scammers around us so having a privacy of our detail will help us to protect our account and balances too.

[Dmasked 1840]

For me both regulation and privacy are important characteristics for a good project. Proper regulation is necessary to maintain and control the platform where as privacy ensures the protection and security of user's data and information. So i need both privacy and regulation.

[Omar Ommeish 4872]

The two things are very important, but I think that the organization is better than the privacy because the organization prevents the theft of money from all platforms.

[Wilmer Garcia 0]

Personally I think that both parties are important as you indicate it and I think we should have a little more privacy to feel more pretered by hackers