Topic: Brazil in the process of regulation. Good or bad? - page 4. (Read 567 times)
It is need for the Brazil because regulation is always good for the economic development of the country but it is little affect the whales at the same time many peoples are benefit from the regulation. So majority of the peoples are supporting to regulation but I am little confused because some whales are affected in the regulation so some price fluctuations is possible in the market.
Never trust politicians from 3 Rd world countries.
This association of cryptocurrencies is like an union, it works for politicians and political parties.
You cannot trust politicians, not just the third world countries, this year expect many countries coming up with regulation and we might see 195 threads about countries regulating and banning the trade by the central banks This association of cryptocurrencies is like an union, it works for politicians and political parties.
, but one thing they cannot do is to ban it, either they have to come up with a regulation which is the most realistic solution than having a closed door towards this global market. 
for good and bad it depends on the regulation. if the regulation is very burdensome to the holders of cryptocurrency then it is bad. but if their regulation is not harmful then that is good
Quote
CF: How does ABCB see this process of regulation and self-regulation of the crypto market?
FF: Self-regulation will be appropriate insofar as it does not close the market and give opportunities for small entrepreneurs to arise and develop, as well as to ensure privacy and security. Another possibility is the so-called regulatory sandbox, in which a regulatory waiver is ensured for an initial period (5 to 10 years), letting the market take shape and separate good and bad economic agents. We are open to join forces for the interests of the sector with everyone and are willing to observe certain principles, such as freedom of initiative, free competition, among others.
FF: Self-regulation will be appropriate insofar as it does not close the market and give opportunities for small entrepreneurs to arise and develop, as well as to ensure privacy and security. Another possibility is the so-called regulatory sandbox, in which a regulatory waiver is ensured for an initial period (5 to 10 years), letting the market take shape and separate good and bad economic agents. We are open to join forces for the interests of the sector with everyone and are willing to observe certain principles, such as freedom of initiative, free competition, among others.
Just used the embedded Google Translate and I got this from the article. Well it isn't just practically a regulation itself. It also opens up doors of opportunities for entrepreneurs especially for those who are interested in technologies, and within the protection to the privacy of the entrepreneurs provided by the government, I think this will be a tremendous application. Brazil is one of the large crypto players around the globe. No doubt that government will soon move their feet for these.
It is good from the perspective that it means cryptocurrency is generating enough attention and investment to warrant the government paying attention to it. It will likely "regulate" it and set "standards" for it, which for some people will provide more of a reason to trust it and make it even more popular.
The downside is that the regulation and government authority will make cryptocurrencies dependent on government to some extent, which is antithetical to the principles that Bitcoin and many cryptocurrencies were founded upon. The more this authority over cryptocurrencies evolves, some day cryptocurrencies may build government back doors right into the architecture. You might say that you will only use open-source cryptocurrencies and you will know when they do this, but if the public is okay with the government regulating and dominating cryptocurrencies, they can push closed source cryptos with nary a peep.
The downside is that the regulation and government authority will make cryptocurrencies dependent on government to some extent, which is antithetical to the principles that Bitcoin and many cryptocurrencies were founded upon. The more this authority over cryptocurrencies evolves, some day cryptocurrencies may build government back doors right into the architecture. You might say that you will only use open-source cryptocurrencies and you will know when they do this, but if the public is okay with the government regulating and dominating cryptocurrencies, they can push closed source cryptos with nary a peep.
I think it will be a good thing, because they have already realized that there is no way to prohibit it. Brazil is already the 4th largest cryptos market in the world and great merchants have already joined in crypto defense as a means of payment. Now, wait!
Never trust politicians from 3 Rd world countries.
This association of cryptocurrencies is like an union, it works for politicians and political parties.
I am from Brazil, don't expect anything good from regulations here.
Look at our central bank president
https://cointelegraph.com/news/brazilian-central-bank-president-says-bitcoin-is-pyramid-scheme
This association of cryptocurrencies is like an union, it works for politicians and political parties.
I am from Brazil, don't expect anything good from regulations here.
Look at our central bank president
https://cointelegraph.com/news/brazilian-central-bank-president-says-bitcoin-is-pyramid-scheme
It depends whether they are going to make the regulation to ban it or they are just going to make it regulated exchange of fiat and crypto currency. If its second one then obviously its good for the crypto market.
If they are going after the former reason then I am pretty sure they are going to suffer from that kind of regulation.
If they are going after the former reason then I am pretty sure they are going to suffer from that kind of regulation.
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I also think regulation is good, but I don’t trust politicians so much, however. They sometimes make regulations that kill the business. The only thing they have to make sure is that deals are respected and not put too high taxes.
Exclusive interview with President Fernando Furlan of the Brazilian Association of Cryptomoedas and Blockchain. Brazil in the process of regulation. Good or bad? https://www.criptomoedasfacil.com/entrevista-exclusiva-com-presidente-fernando-furlan-da-associacao-brasileira-de-criptomoedas-e-blockchain/
I think it's good to be honest. The uncertainty surrounding regulation is what is holding the wave of institutional investors back at the moment. We are in the situation at the moment where there are no rules in the game. Regulations will give investors a framework to work with. This is the opportunity for retail investors now to take the risk that the big companies can't take at the minute. We all know some regulation is coming! I think it will be a case of KYC and anti money laundering/terrorism financing laws coming in which most businesses are already doing anyway. Once this becomes common practice I think the flood gates will open!
Exclusive interview with President Fernando Furlan of the Brazilian Association of Cryptomoedas and Blockchain. Brazil in the process of regulation. Good or bad? https://www.criptomoedasfacil.com/entrevista-exclusiva-com-presidente-fernando-furlan-da-associacao-brasileira-de-criptomoedas-e-blockchain/
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