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.
@ISIDEWITH10mos10MO
No
@9YLLLVM4mos4MO
Decentralized and Transparent Financial System:
The transparency offered by blockchain technology provides an opportunity for a more open and auditable financial system. Every transaction on public blockchains is traceable, allowing law enforcement and regulators to track and investigate illicit activity far more effectively than with traditional cash.
Emerging technologies for blockchain analytics are making it possible to enforce compliance and track illicit activities within the cryptocurrency ecosystem, thus reducing the concerns related to crime and fraud without needing a ban.
Intern… Read more
@ISIDEWITH10mos10MO
Yes, and ban the use of crytocurrencies
@9YLLLVM4mos4MO
Economic Innovation and Financial Inclusion:
Cryptocurrencies have enabled significant innovation in finance, including decentralized finance (DeFi) platforms, which offer access to financial services without the need for traditional banks. This can benefit underbanked and unbanked populations by providing them with tools for savings, lending, and investment that they may not have otherwise.
A ban could stifle these innovations and prevent economies from harnessing the benefits of financial technology advancements. Countries that have embraced cryptocurrency in a regulated manner are seeing… Read more
@9ZB7VXP4mos4MO
Ireland is a free market that allows the sale of transfer of goods once both parties are in agreement, to ban a non dangerous resource would place us behind other countries and infringe on the rights of citizens.
@9MNT93210mos10MO
Don’t know enough about this issue to have an opinion
@B2GVP7S2mos2MO
Depends on the regulations and the rationale behind it so without knowing that I agree with the other who have argued for No with being mostly aligned with governments reckless fiscal policies
@9ZWFB363mos3MO
No, I agree with both the above 'No' options. In general, it is for sure known that some cryptos can be scams, but it is not the same kind of scam that catches old ladies that are too trusting. Instead this is people supposedly tech savvy. As such, if they fall for a scam, it's somewhat their own fault, same as an investment to a fungible business that turns out to be a scam. Perhaps some sort of investments insurance could be in place, but just like all insurance companies, it probably will not benefit anyone that much
@9ZVGBNTIndependent3mos3MO
What people want to invest in is their own business and if they see an opportunity for cryptocurrencies good for them. If it goes wrong they know the risks it takes- I think with growth of AI and scamming etc its dodgy ads and scams that need to be regulated.
no, but government should screen cryptocurrencies before circulation to ensure legitimate value and exchange rates
@9MY673N10mos10MO
No, regulations are in place and any person should be able to invest their money as they see fit
@9ZGM5JV 4mos4MO
cryptocurrencies have been used for shady things in the past. They are difficult to monitor therefore some regulation may be good.
@9ZD2GRX4mos4MO
Government should only make sure that cryptocurrencies are legit and safe to use but shouldn't try enforce tax are be able to trace it.
@9ZCTZV64mos4MO
Yes and the government should screen cryptocurrencies to ensure they are legitimate, and all holdings of crypto currencies should be counted as money and be taxed.
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