Binance legally registered at U.S, does Bitcoin will get increase? - page 2.

ivakar

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Quote from: darewaller on October 02, 2019, 03:28:32 AM

Do we actually have countries that have banned bitcoin? because what I have seen is countries threatening to ban it, some speaking against it and some not just saying anything about it, but I have not seen one single country that has, china had once threatened to ban miners and not crypto which we can see how they are working towards theirs.

India planned to ban it but still in the court for that and many citizens are just still using the cryptocurrency, the united states where trump openly came to speak against it never talked of banning but only spoke against it as being an unregulated asset which means there is chance that it could be regulated by them which I feel that is what they are trying to achieve already through Binance exchange and Coinbase.

the question is - can a country somehow implement the ban and control the ban. this is really important question. because you may issue a law about ban for crypto, but if government can't guarantee it's execution, so that law won't be effective.. so that meant citizens of that country still would be using crypto and then what such a ban changes?
about Binance - I doubt this registration will affect the market much..

adroitful_one

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Quote from: Irvinn on October 01, 2019, 03:40:09 PM

I don’t take seriously all the information that appears in the media about the ban on cryptocurrency in the United States, because I am sure that the US government expresses its fears regarding those moments where cryptocurrency is used for criminal purposes or where cryptocurrency users abuse opportunities cryptocurrency market to avoid paying taxes and so on. In any case, one cannot say that the United States prohibits cryptocurrency, but at the same time read information about the start of trading Bitcoin futures, because these are mutually exclusive things.

It's all a way for them to collect money. Either through the fees for filing the registration or through taxes. That's all the government cares about. The worst part is, everything done through our government takes forever to get done. I'm sure it takes more than a year to even get the required permits to operate in the United States, even after you've paid the several hundred dollar registration fee. They can scream regulation all they want, but what they really want is the money. They do the exact same thing with every other industry they have no reason to be involved in in the "free" United States. This will probably not mess with the price of Bitcoin at all. There is still many other places we could access without having to sell out our personal information to trade.

darewaller

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Quote from: micher143 on September 28, 2019, 10:13:10 PM

Any form of adaptation will result to bitcoin price pump. I think if other countries that banned bitcoin will un-ban it, it will make a huge diffident to the price, because what we are targeting is mass adoption.
Every country have a local exchange in terms of bitcoin, this is a big step in mass adoption.

Do we actually have countries that have banned bitcoin? because what I have seen is countries threatening to ban it, some speaking against it and some not just saying anything about it, but I have not seen one single country that has, china had once threatened to ban miners and not crypto which we can see how they are working towards theirs.

India planned to ban it but still in the court for that and many citizens are just still using the cryptocurrency, the united states where trump openly came to speak against it never talked of banning but only spoke against it as being an unregulated asset which means there is chance that it could be regulated by them which I feel that is what they are trying to achieve already through Binance exchange and Coinbase.

Irvinn

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I don’t take seriously all the information that appears in the media about the ban on cryptocurrency in the United States, because I am sure that the US government expresses its fears regarding those moments where cryptocurrency is used for criminal purposes or where cryptocurrency users abuse opportunities cryptocurrency market to avoid paying taxes and so on. In any case, one cannot say that the United States prohibits cryptocurrency, but at the same time read information about the start of trading Bitcoin futures, because these are mutually exclusive things.

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Quote from: Yatsan on October 01, 2019, 07:43:04 AM

Quote from: OmegaStarScream on September 17, 2019, 06:11:09 AM

The U.S never banned crypto. Binance had to block US residents from accessing their site because they didn't have any license to operate there.

This is the truth mates, U.S. can't ban the cryptocurrency it could've the use of it but it's not. Binance know their limits as well as the country boundaries and so they did not operate in U.S. however, I've seen some people who are from U.S. that uses some kind of VPN or IP hider to still use the binance. And speaking with the expected price increase. I am not expecting that much since there are already exchanges before binance gets legal, people could jump from one to another or just ignore if they're happy with their existing exchange.

I think the same way. When the US allowed bitcoin trading, there was no major change.
The release for Binance only shows us one more step in the regulation of cryptocoins in the USA.
Just one more method of control for them, which is still good, as it partly prevents money laundering, as laundering is not good for the bitcoin image.

Yatsan

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Quote from: OmegaStarScream on September 17, 2019, 06:11:09 AM

The U.S never banned crypto. Binance had to block US residents from accessing their site because they didn't have any license to operate there.

This is the truth mates, U.S. can't ban the cryptocurrency it could've the use of it but it's not. Binance know their limits as well as the country boundaries and so they did not operate in U.S. however, I've seen some people who are from U.S. that uses some kind of VPN or IP hider to still use the binance. And speaking with the expected price increase. I am not expecting that much since there are already exchanges before binance gets legal, people could jump from one to another or just ignore if they're happy with their existing exchange.

$Andreyka$

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I think that globally will not affect in any way. As always there will be a small effect from the news release, but in general this will not lead to a change in the trend. In the USA, those who wanted to use bitcoin could also do this illegally.

Kyraishi

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US market has some high number of volume so the possibility of it affecting the price of bitcoin is possible. Maybe we might experience some positive price movement in the first 1-3 day of the launch of the exchange although this doesn't change the fact, the US government are strongly against the adoption of the currency since they can't control it.

No. I don't think so, a simple exchange opening (even if it was one of the biggest exchanges in the industry), isn't really enough to raise the price of BTC move then 0.1%.

The people who would have wanted to buy BTC in the US would have used other ways to do so, Binance opening their doors will only encourage some semi-interested users to buy some cryptocurrencies, not much big news.

Good for the industry though - who doesn't love more adoption.

Jasad

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Binance become more bigger exchange market with many kind of trading peer from bitcoin, ethereum, USD and could support using pear BNB or binance coin, by legal in United State maybe Binance become more higher exchange market for the future and many people want to use binance as their trading market.

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Quote from: mazdafunsun on September 30, 2019, 02:56:33 PM

USA have not banned crypto , you have been reading fake news in this case.
There are several big crypto exchanges which operate in the USA, I doubt that new exchange will get new investors , they will just get a piece of the existing customers.

I thought Im late in some news that Crypto or exchanges is banned in USA, definitely a fake news. Though Binance will gain more US supporters or investors too in these event. Some investors who still finds crypto risky might have a second thought of trying it now since it was legally registered and accepted in their country. Binance is aiming to be more known exchange for every investors so being registered in a very potential many investor country is a good step for the them.

meliodas

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Bitcoin will not purely benefit from this achievement by the Binance. Binance is the one who is legally registered in the U.S and that means that they will get the benefits of being registered because there is a lot of people in the U.S that are trading in Binance and if there is only one coin that will get pump because of this, then it would be the BNB of Binance.

mazdafunsun

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USA have not banned crypto , you have been reading fake news in this case.
There are several big crypto exchanges which operate in the USA, I doubt that new exchange will get new investors , they will just get a piece of the existing customers.

btc_angela

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Quote from: Heimer on September 30, 2019, 12:10:19 PM

Quote from: drumamat on September 17, 2019, 04:09:47 PM

Quote from: dessyhodin97 on September 17, 2019, 07:50:33 AM

at least we can expect more investors which would help make price of bitcoin better

Initially and today in the USA there are a lot of investors.The binance will definitely benefit from this, but against this background, the price of bitcoin is unlikely to somehow change.

Not to mention that people will invest much eager if they see that Binance is legally registered in US and it is compliant with all of US regulations, but to be honest I doubt that this will have noticeable impact on BTC price

I would say Binance would gain more values than bitcoin will do if Binance is going to be accepted by the USA government. I am not sure if this has happened or not. But if that will so, then yes Binance price will have positive move than Bitcoin does.

I don't know why you guys are discussing about USA accepting Binance. As far I know, they have been given the go signal to operate with Binance.US. And they hire BAM to front with them with US regulators. But so far we have seen that it didn't have any effect on the price because it continue to go down to the $8k levels.

Heimer

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Quote from: drumamat on September 17, 2019, 04:09:47 PM

Quote from: dessyhodin97 on September 17, 2019, 07:50:33 AM

at least we can expect more investors which would help make price of bitcoin better

Initially and today in the USA there are a lot of investors.The binance will definitely benefit from this, but against this background, the price of bitcoin is unlikely to somehow change.

Not to mention that people will invest much eager if they see that Binance is legally registered in US and it is compliant with all of US regulations, but to be honest I doubt that this will have noticeable impact on BTC price

Dreamr

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Quote from: babysweetTiger0401 on September 17, 2019, 06:01:39 AM

I read in some articles that binance now operate in US https://bravenewcoin.com/insights/binance-u-s-opens-account-registrations,
I thought US banned crypto, why all of a sudden they've adopted the system of crypto like Binance? Do you think, this will affect the market of bitcoin and crypto could be increase now?

It's not Binance registration in the U.S that worries people but the U.S Government because they are unpredictable imagine what happened between them with mobile phone giant Huawei Technologies over 5G. Hope Binance will comply with SEC & IRS for whatever they want - there is a reason some of the Coinbase operations are in the UK.

betty11

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I have never read that the USA ban crypto, we still have Coinbase operating in the USA, what I know of is that many ICO do restrict US citizens from investing in their project, USA do trade in some exchange too, just that the US government takes right of their citizens very serious.

Sithara007

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Quote from: micher143 on September 28, 2019, 10:13:10 PM

Any form of adaptation will result to bitcoin price pump. I think if other countries that banned bitcoin will un-ban it, it will make a huge diffident to the price, because what we are targeting is mass adoption.
Every country have a local exchange in terms of bitcoin, this is a big step in mass adoption.

A few countries account for the vast majority of Bitcoin trade volume. Countries such as US, EU, Japan, China, South Korea and Canada adds up for more than 90% of the daily cryptocurrency volume. And Bitcoin is already legal in all these nations. However, change in legal status can make a difference. For example, in China it is forbidden to trade Bitcoin against fiat currency (but trading against USDT is legal). If China lifts this ban, then for sure Bitcoin may undergo a major bull run. From what we have seen in the past, the decisions taken by the Chinese central bank and the government do have a big impact on the exchange rates of Bitcoin and the other cryptocurrencies.

paynercash

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binance is just an exchange, so I think this problem will not affect bitcoin's price very much. I have been following this market for a long time and I see the market fluctuated strongly when a trade war occurred.

tetyulfania

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Binance have open registration for US citizen, many investor from US and make bitcoin will be popular in north America, after Brazil now United State are greatest country for bitcoin.

ChrisPop

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To my knowledge Bitcoin has never been banned in USA. It's just that USA residents were prohibited from participating in ICOs unless the company hosting it had some kind of license or authorization. Gemini for example is an US licensed exchange and I think most people buy from them. An alternative is Coinbase. So I don't see why Binance being legally registered in the States would affect the price too much.

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