How I feel Central Bank can regulate cryptocurrencies.

The-Boomers : Money Forum

This topic contains 3 replies, has 4 voices, and was last updated by  Aliraza 3 days, 10 hours ago.

Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • #172110

    deavilkolip
    Participant

    The reason the central banks of different countries has sited to ban Crypto Currencies is their in ability to trace the source of Crypto currencies and it is too volatile. In my opinion every asset and Currency can be volatile if the buying pressure is high so it is normal.
    On the part of regulations, it is Fundamental that all cryptocurrencies are saved in wallets or exchange platforms, most of the platforms obtain licenses andhave physical offices. This is enough for central banks to get all the needed data and come up with global framework to regulate it but not to control the prices since they are decentralized

    Share your opinion.

    #172148

    croptetron
    Participant

    Many country’s central banks are now pressurized by the crypto companies to give all user’s data and information to them or and minimized crypto users’ behavior by adding new regulations. These all steps are taking to take control of crypto using. Govt. always trying to know the source of transition.

    #172149

    SarahCornel
    Participant

    It is natural for central banks to be skeptical of digital currency at the beginning of a crypto era. After all, the sources for money flows were always transparent in the international banking system. The key reason for governments to be wary of crypto is its ability to bypass all the government financial infrastructure. This makes it a preferred way to store capital illegally. According to https://octocrypto.io one way to regulate cryptocurrencies is to impose taxation on exchanging fiat money for cash.

    #219811

    Aliraza
    Participant

    Locksmith training Leeds provides essential skills for professionals in the field. As cryptocurrencies grow, I feel the Central Bank can regulate them by implementing clear frameworks and ensuring compliance with existing financial laws. This will create a safer environment for both investors and businesses, allowing for growth while preventing fraud. Strong regulations would also enhance the credibility of digital currencies, providing more confidence to mainstream users and financial institutions.

Viewing 4 posts - 1 through 4 (of 4 total)

You must be logged in to reply to this topic.