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@ISIDEWITHQuestionsTechnologicalStarted 9mos agoActive 3mos ago

Should the government implement stricter regulations on the use of cryptocurrencies?

Crypto technology offers tools like payment, lending, borrowing, and saving to anyone with an internet connection. Proponents argue that stricter regulations would deter criminal use. Opponents argue that stricter crypto regulation would limit financial opportunities to citizens that are denied access to or can't afford the fees associated with traditional banking.

19 Replies

 @ISIDEWITHDiscuss this answer...9mos9MO

Yes

 @ISIDEWITHDiscuss this answer...9mos9MO

No

 @9ZSD3D4Independentfrom Illinois  agreed…3mos3MO

Cryptocurrencies have many benefits, including:

Lower fees
Cryptocurrency transactions can have lower or no fees, compared to traditional bank transactions.

Faster transactions
Cryptocurrency transactions can be finalized in minutes or seconds, much faster than wire transfers.

Protection from inflation
Some cryptocurrencies, like Bitcoin, have a limited supply of coins, which can help protect against inflation.

Decentralization
Cryptocurrencies are decentralized, meaning there is no single point of failure.

Privacy
Cryptocurrencies don't associate with personally identifiable information,…  Read more

 @ISIDEWITHDiscuss this answer...9mos9MO

No, and citizens should be allowed to protect their savings from reckless fiscal policies or subjugation

 @ISIDEWITHDiscuss this answer...9mos9MO

No, and underprivileged citizens deserve the same financial opportunities and services that traditional banks offer the wealthy

 @ISIDEWITHDiscuss this answer...9mos9MO

Yes, and ban the use of crytocurrencies

 @9NMDFZVIndependentanswered…8mos8MO

not possible the point of crypto is that its unregulated

 @9N85ZJWanswered…9mos9MO

Just make sure cryptocurrencies aren't hurting people. They are too volatile to use by any state operated funds. Otherwise, it's the same as the stock market, so if people want to gamble with their money, it's their money.

 @9MVL7Q5answered…9mos9MO

Yes, to prevent people falling for non-serious cryptocurrencies scams

 @ISIDEWITHasked…5mos5MO

Should the government have the power to control or regulate money that isn’t their own, like cryptocurrencies?

 @ISIDEWITHasked…5mos5MO

If crime could be reduced by monitoring everyone’s money, would you be willing to give up some privacy?

 @ISIDEWITHasked…5mos5MO

Do you think digital money in the form of apps can help people with little access to fair banking services improve their situation?

 @ISIDEWITHasked…5mos5MO

How do you feel about the risk of losing digital currencies due to hacking versus the security of regular banks?

 @ISIDEWITHasked…5mos5MO

How do you feel about people who don’t have access to traditional banks using online money to save and spend?

 @ISIDEWITHasked…5mos5MO

Is financial freedom more important to you than making sure there are strict rules in place to prevent illegal activities with money?

 @ISIDEWITHasked…5mos5MO

Do you think digital currency can truly replace physical money in our everyday lives, and why?

 @ISIDEWITHasked…5mos5MO

If you could invest in a new form of money that wasn't controlled by any government, would you feel safe doing it?

 @ISIDEWITHasked…5mos5MO

Could you see yourself using digital currencies or online money systems instead of regular banking in the future?

 @ISIDEWITHasked…5mos5MO

Could making digital currency more regulated reduce innovation or would it only make it safer?

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