Try the political quiz
@ISIDEWITHQuestionsTechnologicalStarted 11mos agoActive 1 day 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.

26 Replies

 @ISIDEWITHDiscuss this answer...11mos11MO

Yes

 @ISIDEWITHDiscuss this answer...11mos11MO

No

 @ISIDEWITHDiscuss this answer...11mos11MO

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

 @B3V2BYWOne Nationdisagreed…3wks3W

Fraud is too easy to commit with cryptocurrency platforms. The platforms themselves should be held to higher account for failing to deter and detect fraud.

 @B3SWKJFdisagreed…3wks3W

If you're investing in cryptocurrencies you're probably pretty well off to begin with. Crypto is very risky so you're much better off investing in something like the ASX or the S&P.

 @B2ML253disagreed…2mos2MO

The instability of crypto is the same as gambling, it does not provide any of the opportunities that banks offer the traditionally wealthy.
The wealthy can take loans out against their financial assets where crypto does not facilitate this due to the high volatility.

 @B25W59WGreenfrom Guam  disagreed…3mos3MO

Crypto currencies are pump and dump scams often used to launder money from oligarchs hence why so much of Russia's elites have money tied into it. Ideally it should be heavily regulated opportunities or no.

 @ISIDEWITHDiscuss this answer...11mos11MO

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

 @ISIDEWITHDiscuss this answer...11mos11MO

Yes, and ban the use of crytocurrencies

 @B4BZ563Liberalanswered…1 day1D

No, people can risk their own money however they like but should not expect a bail out or protections if they do so

 @B3M3X9Nanswered…4wks4W

Yes there should be further regulation on cryptocurrency markets not in order to stifle fiscal opportunity but to protect Australia investors from scams.

 @B3BKXMY answered…1mo1MO

No, it has a legitimate use an international currency that is traceable if need-be. Like with the internet and with gambling, there needs to be better education about the risks.

 @B34657Danswered…1mo1MO

I don't really have an opinion on cryptocurrency but i am against such reliance on the internet and digital things.

 @B2ZQ35Canswered…2mos2MO

Yes, but this should be focused on the protection of vulnerable investors to ensure safeguards like all other regulated investment products.

 @B22G8ZNanswered…4mos4MO

Depends on the regulations. But the government must do the exact same thing for banks if they’re is gonna regulate some digital currency. If anything, banks need more regulations than crypto.

 @9SSKRHN answered…7mos7MO

The repairs traditional banks under slates in services

 @ISIDEWITHasked…7mos7MO

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

 @ISIDEWITHasked…7mos7MO

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

 @ISIDEWITHasked…7mos7MO

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

 @ISIDEWITHasked…7mos7MO

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

 @ISIDEWITHasked…7mos7MO

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

 @ISIDEWITHasked…7mos7MO

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

 @ISIDEWITHasked…7mos7MO

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

 @ISIDEWITHasked…7mos7MO

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

 @ISIDEWITHasked…7mos7MO

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

 @ISIDEWITHasked…7mos7MO

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

Demographics

Loading the political themes of users that engaged with this discussion

Loading data...

More conversations

Join in on more popular conversations.