Bithumb Global
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Bithumb Global

The highlights of the BGCryptodebate #2

*Pro

It will help to prevent investors from scam projects.

To help stabilize its value, cryptocurrency needs to be regulated.

@Yahia_Hossain

Fast and secure transaction with low withdraw fee.

Day by Day many country moving blockchain technology and accepting cryptocurrency.

@Jenefar20

Currently there are many very sophisticated mining projects. Thanks to the rules that control cryptocurrency is better than avoiding scams, users are easier to identify than cryptocurrency that is safe.

In addition, the regulations make the cryptocurrency market more transparent and difficult to manipulate, which helps more people trust #cryptocurrency.

@TrinhDucLuong9

Bitcoin regulation has the potential to make the market much safer. It will still likely be a risky investment, but with protections for investors, it’s less likely that the market will be able to face as much outside manipulation. Assets need it.

@Izzy8013

It will help to prevent investors from scam projects.

It will likely drive cryptocurrency to mainstream because everyone would feel secured and protected.

@MdRahadIslam15

The existence of rules will guarantee the security of an exchange or the user himself.

With the rules it will avoid money laundering and prevent illegal activities.

@ayusrirahayu_92

Cryptos would become mainstream and Billions of dollars would be injected into the market.

It would save millions of investor money. As there would be lesser scams.

@inve_dan

Provide legal certainty in the trade of crypto.

Prevent the use of crypto assets for illegal purposes such as regulating money and financing terrorism.

attract foreign investment.

@yudiana71921907

To help stabilize its value, cryptocurrency needs to be regulated.

Cryptocurrency needs to be regulated is simply to eliminate or at least reduce fears about it.

@Jakibul4

Cryptocurrency regulation are good consumer protection, excluding bad players.

Regulation of crypto currencies will ensure their additional stability and significantly reduce their volatility.

@khmutubee

With the help of KYC, money launderers and terrorist transactions are blocked.

Genuine traders and crypto enthusiasts will remain in the market which is healthy.

@Djkamranbaloch

Stringent anti-money laundering (AML).

KYC process helps regulate the #cryptocurrency.

@nelo_simon

Cryptocurrency is very profitable at this time.

Many other countries that have developed cryptocurrency.

@Dwr02

They’ll prevent market manipulations which can make crypto toxic.

They’ll bring a sense of standard & legitimacy that’ll attract more institutional investors.

They’ll encourage government.

@Moneydrops3

Will make cryptocurrencies safe for decentralization that is not against their economic welfare.

It will prevent huge rip-offs by selfish whales.

It will speed up conflict resolution.

It will bring order that will act as incentive to government and institutions into crypto.

@kingly_midas

It will help to prevent investors from scam projects.

It will likely drive cryptocurrency to mainstream because everyone would feel secured and protected.

@saheedjm

If the #cryptocurrency rule will obviously have a positive impact on interested investors.

Become structured and avoid adverse project scams.

@Muhamma98287359

It helps the founders and the whole project to improve some missed disadvantages & features.

It helps with maintaining of liquidity of the coin.

@Hemaawed4

Provide the best service and legal certainty in crypto trading, from the aspect of the capital market economy.

Prevent changes in regulations and money laundering.

Reducing risk in terms of crypto assets.

@tusantrey

Greater confidence for investors.

Due to global adoption, many companies adopt these payment methods and must declare those charges.

@KEYLADG1

It is good. Cryptocurrency is the future and it will be largely available in every country.

The issues you should even be concerned with majorly are political regulations, governments want to find ways to regulate and control crypto activities.

@mariaz999

We don’t want people to get duped every time there’s an exit scam of a crypto project. Regulations would make people believe more.

Regulations mean more people knowing Cryptocurrency are safe.

@sweet_isha1

Regulations are indeed needed in the field of finance, which is intended to control and regulate, so as not to be misused, not to limit, and this needs to be examined in every country. Which adopts #cryptocurrency fintech, #blockchain.

@Victim_Crypto

Cryptocurrency regulation has the potential to make the market much safer. It will still likely be a risky investment, but with protections for investors, it’s less likely that the market will be able to face as much outside manipulation. Overall, this is a good.

@airdrops_id

Allows prevent slaundering of criminal funds on regulated exchanges.

Allows to protect investors from most scam projects during the ICO or IEO stage.

@KissA26197081

Many believe that if the blockchain phenomenon is to gain mainstream adoption, it requires a stringent regulatory framework to ensure that consumers are afforded with the same safeguards as expected in the real world.

@FixTheCode1

Regulations are good for cryptocurrency because 1. It will help to prevent investors from scam projects.2. It will likely drive cryptocurrency to mainstream because everyone would feel secured and protected.3. Provide legal certainty in the trade of crypto.

@ANNAFRO43095880

Yes, it is good & it is important because digital finance is the future & it will encourage more people to believe & get involve with cryptocurrency. By then mass adaption is more possible. Security and safety are the key.

@AliAlcantara19

Somehow Crypto must be regulated, to avoid using the platform in illegal activities, with this, users will be more careful and obedient with the law because their name and dignity is on the line. We know that we are tired of centralized governance of the banks, but imagine the future in the long run. Regulated Crypto Ecosystem, will lead us to being organized and United and SAFE ecosystem. Regulating Crypto means Freedom, Security, and TRUST, because hackers love being anonymous, so the example solution for this is before you can withdraw a certain funds, you must be KYC verified.

@DustyLoooza

*Con

Regulations are bad for cryptocurrency because crypto is by nature does not rely on 3rd party/parties, nor dictated by govts or central banks and free from any interference. Another setback if these regulations are done, this will hinder its innovation.

@Arkakhalidputr1

If crypto has regulations then there is no difference between USD and Crypto.

In a Country Like India if regulations are too expensive, we have to pay approx 30–40% tax which we can’t affordable.

@jahnavi387

It would mean banks have another chance to loot and Exploit the system one more time, govt’s already have too much of power.

Crypto is meant to be decentralized and the whole concept of Bitcoin revolves around “not regulated”.

@Ajay88840338

It would kill the ANONYMOUS nature of cryptocurrencies.

And it would lead to centralization.

@parashar0404

Not good! We love crypto coins because they are decentralized. I do not want a center, state or banking system to rule my money or determine the value of the money I have. Total supply should not be changed. They should not print as much money as they want.

@zaradam131

Not good. Because the crypto coin is as good as ourselves, so we have full settings and control over it all to be better or worse.

@AKeenand

Regulations are Not good for crypto because it will add complexity to crypto, that was originally exists to make things easier.

@Amarteur

Con: Free Market ftw.

Regulations in the market are never good. It’s time to give people around the world the same chances.

@Jiraiya54

Government regulation, NO!

1) The market will make its own regulations.

2) Cryptocurrencies were born to be free from governments.

@silvanrains

Putting regulations on crypto is like putting a person in a jail. People are sick and tired of numerous regulations in banking system that’s why some have switched to Cryptos. Freedom must prevail in crypto world.

@UndaliO

No, because cryptocurrencies arise with a motto of decentralization and control by the user that could be affected by the intervention of third parties (government entities, banks …) and even when regulatory entities try to control cryptocurrencies, it is Very difficult to achieve due to its nature.

@Cryptos_Global

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