Topic: Cryptocurrency - page 2. (Read 404 times)

Weill we can really say this is a good news ahead in cryptocurrency. Price can really recover because there are many people already knows about bitcoin, the good that it can have. This may impact a good advantages to the bitcoin community.

I'm all in favor of answering cryptocurrency's critics who say this is just a way of laundering money for drug dealers and terrorists, and ICOs are just a way of running a FOMO con on gullible investors. So yes, I would like to not be associated with criminals. And that means enduring some degree of regulation.

Regulation isn't necessarily a bad thing. OVER-regulation, and regulation for the sake of making work for regulators--those are bad things. But the most stable and highest-capitalized exchanges in the world are in the most vigorously regulated legal venues, and that's not a coincidence. Market capitalism works best in an environment of transparency, liquidity, and conformity to rules of the road.

That being said, there are a lot of regulations that ought not apply to cryptocurrency and ICOs. Regulators need to better understand the difference between utility and security tokens, for example, and utility tokens have no business before the SEC. Central banks need to understand that, although the should and must maintain a monetary policy that keeps both unemployment and inflation at healthy rates, they will no longer OWN all the money, and they'll need to rely more on moral suasion and on buying and selling cryptocurrency as well as Treasury instruments to implement it.

This is a good step for bitcoin, where the important concern of officials who want to manage bitcoin, will positively impact on bitcoin growth and full attention to the community, hopefully be a good step and consider a more pro-setting.

Yes it will good for enthusiast cryptocurrency, all we know if this happen the price coin will increased because will more and more newcomer intend for invest in cryptocurrency. But he/she didn't fasten the source for us, this news still ashen between real or not real. So don't be too proud and don't expect too much because it will make you disappointed, let it flow.

Believe OP just means that G20 is keeping a keen eye on the developments happening in the cryptoworld. Can't help but chuckle at that last bit, although it is sad you might just be right on that fact. Governments are never fast acting, especially when it comes to law making. And even if they do make laws quick, I feel like they are going to make them for years circa 2009-2016. Ie the regulation will have little to no effect on what is ongoing now .

That would be a great sign that crypto currency will rise again and the coin market cap will be in a green color again. And if this will happen the future of the crypto currencies will be in a good trends.

While you may be happy with how slow governments are when it comes to catching up with crypto, I don't see any need or justification to be happy about something like that. The longer it takes for governments to update their regulatory framework, the longer the market has to operate in an uncertain environment, and that's never a good thing.

Regulations will allow financial institutions to participate in this market without having to revert to financial products tied to Bitcoin's value, but not having an underlying value. Currently that's the only option for them, and that has to change. If they are able to participate in this market, they will be able to set up coin backed funds, set up exchange platforms providing 10000x more liquidity than the current sloppy exchange we're dealing with, get ETF's approved, etc. All this isn't happening because the regulations are lacking, and that's a shame. I want these regulations to be forced through today rather than tomorrow. It will be a victory for Bitcoin's utility.

If that is true then every cryptocurrency must make their move now to improve ther coin so that they may market their coin to these big-time groups.

the growing world of cryptocurrency today makes some countries afraid, it is because they do not want to lose the value of their currency. new policies are emerging to suppress cryptocurrency in order to not develop to people in certain countries.
if indeed this happens then there will be debate in every country, why? because it will have different rules in each country to protect the value of their currency.
is this a good news ?? I think not because if it happens then cryptocurrency will be regulated by state and institution. maybe

Many are in fear and are thinking negative about a country that will place regulations on cryptocurrency. Actually when a country places regulations on the use of such cryptocurrency this means that a certain country has accepted the use of such currency within their political territory. Let us say we applied for work and we are hired, the moment we work we comply to the rules of that company and their system; bitcoin is the same, the moment it was accepted in a certain country it must comply to the monetary norms and rules of such state.

It means they accept the reality that cryptocurrency has potential when in terms of investmnt and payment method just like Bitcoin. The community is becoming bigger and bigger in every country and it will help the economy to grow since we are paying taxes everytime we make a cash-out. Regulating crypto's doesn't mean the government don't like crypto they just want to make sure we are safe and what we are doing isn't illegal.

if this happens then cryptocurrency will bring goodness to a country because it will be all the people using cryptocurrency as new technology and this is good news for bitcoin users around the world.

Hi,

Where is your list? Where is your source?

I think you are wrong. Twenty is... less than the number of country in the European Union and I am ready to bet that all these countries are currently trying to deal with bitcoin.

And yes, many governments, many companies and many institutions are trying to make regulations toward bitcoin. Happily enough, they are so slow that I'd say that there is nothing to fear for the next 5 years!

I guess that the vast majority of the Bitcoin community don't want regulation, but think about it for a moment. People don't know how to pay taxes for Bitcoin payments because their country's law doesn't specify what is a "digital currency" and in what you should pay tax (either the same cryptocurrency or fiat). Serious investors also don't know whether or not the country they live in will ban Bitcoin. Tax thresholds are also very important here. Keep in mind that governments won't be able identify who's using a specific address as long as you don't link your identity with it. They can't disable access for their citizens to Bitcoin nodes because the whole network is decentralized. I personally think that there is nothing to worry about.

Why would we need regulation ?

If they are planning to regulate Crypto currencies in their place meaning they are interested and will supported by most powerful nations in the world. This will favor Bitcoin for sure with this development in which the future of crypto currencies is now at hand. Regulation will ensure a strong bond with the government to ensure that it will not be use in crime or illegal activities.

Where did you hear this?
Why make a 10 secont 1 line post without some sort of evidence to show us?

Last i heard was that the G20 ARE NOT going to implement regulation
https://www.newsbtc.com/2018/03/19/g20-announces-no-new-regulations-and-bitcoin-shoots-up-1000/

Quote from that link:

The G20’s announcement that it will pivot away from creating new regulations in favor of examining existing rules gave the cryptocurrency market a much needed seeing Bitcoin surge by $1000.

https://cointelegraph.com/news/g20-and-cryptocurrencies-baby-steps-towards-regulatory-recommendations

Quote from that link:

Instead, many of the member states, but also a few notable exceptions, decided that cryptocurrencies needed to be examined further, and that more information was needed before any regulations could be proposed.

I was a bit worried when there was a thorough arrangement and our rights were a little less than we expected and had to do with politics. I really hate it, but I still support it with what the country is doing, if the state regulates bitcoin there is certainly an arrangement also for its legality, keep the deal with the bank should be wise not to cold war, run the provisions of wise provisions on everyone who hold bitcoin.
when that happens there will be more confidence to bitcoin and adding a large adoption of the auto magnitude can increase the bitcoin price and it is clear that the investment will go up bit by bit.

I want it to be regulated...for the greater good of course

If this is true i hope that all things related to the rules will be applied just hopefully for the purpose of crypto currency growth for the better. because I think crypto currency really has benefits for the human economy, then on that basis the concepts that must be made in the regulation should aim for improvements that the crypto currency has.