Should digital currencies be regulated? | Inside Story

Bitcoin emerged a decade ago as a digital alternative to traditional money.

Cryptocurrencies are traded online, away from the control of governments, central banks and institutions of the global financial system.

But the world's two biggest economies are not too happy about it.

China has declared all cryptocurrency transactions to be illegal, while the US is also considering tighter rules.

So should digital money be regulated?

Presenter: Imran Khan

Guests:

John Biggs - Journalist and former Editor of Coindesk.

Thibault Schrepel - Assistant Professor in Economic Law at Utrecht University.

Glen Goodman - Investor and Author of 'The Crypto Trader'.


#Crypto #Cryptocurrency #Bitcoin

[hotstuffdesu]

Government is so scared that regular people like myself has finally have the way to control my own money.

[baptisteadorjan]

Nice video though everyone loves the luxury lifestyle.... But why is no one here talking about Bitcoin... Now's the best time to buy the dip and it's an opportunity that will grant you all the luxury you crave for ☺️

[techhunt]

Bitcoin is digital gold. buy as much as you can

[benjamindover]

What justification is there for taxation of capital gains in a market which the government does not support? Does the government provide me with some service which helps me make money in this market? Please explain.

[jeromehill]

Investing in crypto now should be in every wise individuals list, in some months time you'll be ecstatic with the decision you made today.

[bizda_eng_arzoni]

Many of life's failures are people who did not realize how close they were to success when they gave up. -Thomas A. Edison

[shelleyedelstein]

what is the best way to make money from investing

[anthonydonald]

Good video!! Very attractive from start to finish. However, the wisest thing that should be on every smart individuals list is to invest in different streams of income that are not dependent on the government to generate money, especially now business and investing is the easiest way to make money regardless of what party makes it to the oval office.

[gmo]

In Canada it gets taxed once you convert from btc to $$. Capital gain is taxed.

[mongz]

No regulation. How stupid do they think we are

[zodiacfml]

the more government regulates it, more it benefits the rich and powerful. people will just move on to another means, for less regulation

[yux.tn.]

if the pandemic becomes serious this winter and the economy goes into recession again…crypto prices shouls go up

[antonresurreccion]

Money is power and those with the most power are always the last to relinquish it.

[donaldharlan]

😏 It is more likely that Bitcoin is going to cause regulation, on the 'USA Government, SEC, and Jerome Powell', against them. Also their co-conspirator allies the money printers, stock market, health insurances. By merely changing the way they see money, then telling them they are 'totally worthless!' The FED is now trying to emulate Bitcoin, it is a comedic parody. 🦄 🏦 💸

[General_Boo]

Oh noes!!1! Not my heckin cryptorinos!!

[Peaking]

I finally quit my job after my crypto wallet pumped!!😎😎

[wandaprock]

It needs to be taxed the same as money because it takes away tax revenues from the economy

[charlessmith]

I am not going to use digital currencies. I have BUSD and USDT.

[socrates_the_great]

Why is the last guy such an amateur? You can spread your money over 5 exchanges and have a bot do the same trade on all 5 exchanges at once...then your risk is like 0 compared to possible reward.