For Belgium to clarify or verify it means they are interested to legalize it. Security for any asset is the duty of the government for enabling environment for investors and businesses. Bitcoin is more secure than Ether because of their creations. Ether is more centralized to bitcoin. And government likes to participate in a centralized system because they can control the system but in the decentralized system they can not. As it is bitcoin is already secured so if Belgium is clarifying anything it might be Ether.
Why bitcoin is not secured in Belgium? If bitcoin bis secured in Belgium then is not secured all over the world.
Topic: Bitcoin and security (Read 217 times)
@OP you need to change your subject title about "security" become "securities/commodities" since few users failed to understand and they're explain about security in Bitcoin, not Bitcoin as a securities.
So here's the reason, they want an individual or a legal entity that can control the coins, actually Ethereum is a centralized token since Vitalik Butterin can control all of Ethereum supply, this mean financial regulator in Belgium has low knowledge about cryptocurrency. If they talk about Bitcoin, then it's true since no one can control Bitcoin.
Quote from: https://news.bitcoin.com/bitcoin-and-ether-are-not-securities-in-belgium-financial-regulator-clarifies/
The FSMA further remarked that despite the lack of specific legislation, cryptocurrencies can be equated to securities if they are incorporated into financial instruments and have an issuer such as an individual or a legal entity.
So here's the reason, they want an individual or a legal entity that can control the coins, actually Ethereum is a centralized token since Vitalik Butterin can control all of Ethereum supply, this mean financial regulator in Belgium has low knowledge about cryptocurrency. If they talk about Bitcoin, then it's true since no one can control Bitcoin.
Bitcoin is safe, no matter where you are living in with a condition that you must store your bitcoins in a non custodial wallet and you have its private key, mnemonic seed and its backup.
Bitcoin is not safe if you store it in custodial wallet without access to its key, seeds.
▶️ Cryptocurrency Security Checklist
USDT is not safe and not depended on where you are living in. Because Most Stablecoins Can Be Frozen, Even in Your Own Wallets. It is applied to everywhere, not only in Belgium.
Bitcoin is not safe if you store it in custodial wallet without access to its key, seeds.
▶️ Cryptocurrency Security Checklist
USDT is not safe and not depended on where you are living in. Because Most Stablecoins Can Be Frozen, Even in Your Own Wallets. It is applied to everywhere, not only in Belgium.
Gensler clarified in the past that BTC is not a security. That would mean other countries who would want to regulate crypto may not also consider BTC as security. ETH turned POS might be considered Security.
Ether is centralized, although not in a traditional way, but unlike bitcoin that its creator is not known. Ether was pre-mined and sold as an ICO which still also makes it a security. Going from PoW to PoS, becoming more centralized making it just to be a security.
Gensler clarified in the past that BTC is not a security. That would mean other countries who would want to regulate crypto may not also consider BTC as security. ETH turned POS might be considered Security.
If BTC does have an issuer it will be considered Security like other altcoins with fixed supply and has all been released already.
Commodities like Gold and Silver were no company that issues them as it comes from nature and real miners dig pit holes.
What make bitcoin as security ?
If BTC does have an issuer it will be considered Security like other altcoins with fixed supply and has all been released already.
Commodities like Gold and Silver were no company that issues them as it comes from nature and real miners dig pit holes.
This is clearer I think so. A more safer investment like what stocks, bond and commodities do and are under regulated umbrella, shares of companies included as it has government eyes and involvement, guiding by agencies through government.
Commodities are more like wheat and grain that could be replaced (such as artificial rubies replacing naturally occurring ones).
Is that saying also that agencies cover by government can not go bankrupt and investors lose money?
It depends but it's likely holding a firm a government considers essential (such as a utility firm - electricity, water, Internet) you're probably unlikely to lose money if you buy it while it's financially stable and producing profit (the government will likely buy it off you for more than it's worth if you're in a country that isn't corrupt and sell it for less than it's worth - to help institutions as governments can generally loan money for "free" -from themselves - provided it's well spent).
A more safer investment like what stocks...
Have you taken a look at the so called top stocks like netflix, paypal or meta this year ? They crashed as hard as any altcoin would do..Quote
Is that saying also that agencies cover by government can not go bankrupt and investors lose money?
The government(of any particular country) itself can get rekt, I mean why not? This has happened before.. Imagine a war lol.Btw, isnt it fun to be a part of the journey watching that we have come from a magic internet money era to a recognizable commodity soon to be the global e-currency of the future. Unstoppable!
The difference is that securities are generally safer investments as you can take money out while your initial investment stays but you generally have less risk and they might devalue or remain stable compared to commodities which can grow.
This is clearer I think so. A more safer investment like what stocks, bond and commodities do and are under regulated umbrella, shares of companies included as it has government eyes and involvement, guiding by agencies through government.
Is that saying also that agencies cover by government can not go bankrupt and investors lose money?
Taking stocks and bonds as examples of securities, government and companies can provide that for investors to buy, while in return, the investors expect the stock and bond value to appreciate in price as the company grows and they will benefit from it as their money appreciate in value. With security, you do not buy any goods but what is just offered by an organization.
Commodity is used to compare security, the difference is that commodities are goods, like gold, other metals and oil. As more people also demand for commodity, their price appreciate, just like gold, crude oil and bitcoin.
Bitcoin is different, it is a commodity, not offered by government, company or any central authority, it is decentralized unlike altcoins which can still be regarded as securities.
Both are differentiated because they are regulated by different agencies. Security Exchange Commission (SEC) regulates securities while commodities are regulated by another agency, Commodity Futures Trading Commission (CFTC).
Commodity is used to compare security, the difference is that commodities are goods, like gold, other metals and oil. As more people also demand for commodity, their price appreciate, just like gold, crude oil and bitcoin.
Bitcoin is different, it is a commodity, not offered by government, company or any central authority, it is decentralized unlike altcoins which can still be regarded as securities.
Both are differentiated because they are regulated by different agencies. Security Exchange Commission (SEC) regulates securities while commodities are regulated by another agency, Commodity Futures Trading Commission (CFTC).
The likely reason for this is a security is something that provides a stable return (such as a dividend) while a commodity provides a purchase of a unit which could provide a return but it also might not.
The difference is that securities are generally safer investments as you can take money out while your initial investment stays but you generally have less risk and they might devalue or remain stable compared to commodities which can grow.
The difference is that securities are generally safer investments as you can take money out while your initial investment stays but you generally have less risk and they might devalue or remain stable compared to commodities which can grow.
Information
So I came across this that I'm seeing as information
My question is why the Belgium financial regulator want to clarify on this?
Is the country that bitcoin is adopted as legal refer it as security ?
What make bitcoin as security ?
What do you think about the information please
So I came across this that I'm seeing as information
My question is why the Belgium financial regulator want to clarify on this?
Is the country that bitcoin is adopted as legal refer it as security ?
What make bitcoin as security ?
What do you think about the information please
Jump to: