Topic: Cryptocurrency (Read 471 times)

Regulating cyptocurrency is not a bad idea since the govenment wants to have tax from all sources of our income. They are trying to regulate it to monitor the flow of money which is passing through blockchain.

Right I read something about the G-20 finance ministers  all agreed to keep a close eye on the crypto markets, opening the door to future regulation. With cryptocurrencies' market capitalization so under-represented in the global economy, no standards-setting institutions are in a big rush to begin regulating the booming tech field, but calls for diligence in watching the action unfold and to develop strategies going forward suggests that legitimacy will be one step closer for the budding crypto market as regulators begin to bring the technology under their wing.

Crypto currency is one of the frequent used term in the economic society . Crypto currency is one kind of online hidden currency which are also known as digital currency.
Crypto currency makes people life better in many ways. It change the life style of people and some other things. In many country it ban due to some reason. It also affect an country economy in many way . Some time crypto currency put positive feedback and some time gives negative feedback on an country economy. Crypto currency are known as future currency and in my opinion every one should learn about it. Because it is going to be useful in future 

Good things will happen here in cryptocurrency for sure, we just have to wait and believe that it will gonna happen, I know one day that government will eventually fully adapt the usage of crypto in our life and with our society.

That will be a good news. Though regulations will make every transactions more tighter, could possible increase more transaction fees, taxes etc. but if it means world-wide acceptance then this will be i think what we are waiting for.

I think if that happen, it will give big impact to crypto currency. may be the country who are banned crypto will change their policies and it will open their minds that crypto will not given bad effect on their economic stability.

yes, I agree with your opinion, if indeed it is true at least the rules made do not incriminate bitcoin users, not one-sided.

Cryptocurrency is a technology that recognized them with sophisticated security system. if they do not use crypto systems, maybe they will not find a solution to improve the economy. this is the right moment as a trigger to advance world economic growth. if this is the best option, maybe we should support it.

Yes so many coins would not survive if there is regulation, even the so called "well doing" coins that we are taking the lead in cmc might not too. Surprises usually come with changes and I won't be surprised if another technology other than blockchain emerges.

Yes, you are right, now everybody in this world that includes the major countries are keeping eyes on the bitcoin and other cryptocurrrencies as they are keenly interested in regulating the cryptocurrency. There is going to be G20 summit going to happen in Argentina in this month of March 2018 where many countries will attend and give their views on Bitcoin and cryptocurrency I am sure that this time it's going to be a positive move for the Cryptomarket and expecting to make the cryptocurrency legal everywhere around the world.

Which one? Where did you get this information? Always include the source if you are going to create a thread with this kind of topic. This will just create more FUD around the community if you will not have any supporting evidence about your claims.
It is most likely that all countries are eyeing about crypto since has gained that much popularity worldwide.

They postponed the regulations later this year. They will talk about regulations on July.

I coulnd't say which coins/tokens will survive or which one dies.  Probably there will be too much good/bad times on crypto market. But one thing will remain and survice. This is blockchain technology.

Offcourse they will because if they won't then they will proceed to ban it.
Regulation is better than ban for sure.
Government have to control the bad traits ..of the cryptocurrency because if they fluorish then people will keep getting scammed by the fraud ICO's.

They just did it because they see the amount of money that is in the crypto market. Look at that billions of dollars and let us see if your eyes wont 

It is not the regulation actually, it is the control that they want and a part of that billion dollar money. We wont even feel they are already taking something from us.
They may start at tx fee or something and we would say it is okay. Then another new rule will come until they could all deplete it.

Lol. 20 large economies are ready to regulate cryptocurrencies. I want to ask who gave them that right? I didn't give them a mandate to do that. It seems to me that this is a hidden attempt to destroy cryptocurrencies. People have adopted cryptocurrencies to get out of government control. Now they're doing us a favor. No need! Us and without them well.

Whats that? I dont understand your one liner post at all, or may be im not smart enough to understand where are you pointing out this one? What economies you talking about here? Is it the top 20 financial institutes that you are talking about ? If that is the case then I would really recommend you to put forth links for the reference purpose which will make this post more valuable. I mean if that would have been the case then we might have experienced huge pumping in the crypto market immediately as people fall for such news and they start gossiping about it in way which makes market go upwards. :-) However it is pointless to talk about this as there is no proof of this and neither there is much info in your post itself.

We will appreciate this more if there is a list of those biggest economy, anyways If those are the biggest then we should find out what crypto they are planning to regulate for us to buy tons of those to get profit in the future. This is a good opportunity for us to risk to take advantage of those.

if any coin does that, it means they have already failed in the first step.
cryptocurrencies are supposed to be decentralized or peer to peer not big centralized overlord to big centralized overlord.
besides they should already improve their coin to be working properly enough so that enough "peers" adopt them and they wouldn't even need any "big time group"s approval in first place.

if the crypto is set by the world economy, what happens? maybe our financial freedom will disappear, and we will be taxed by the government, I hope this will not happen. on the other hand i hope this bitcoin increase.

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.

Depending on the regulations, it may be good or bad ...

Yeah and because the thoughts of each government has different opinions about the impacts and risks of crypto's characteristics. It's like it's still on the question mark, and it seems like the time will answered it regardless of it's decision, due anyhow the developments of crypto it's depends on the all of activities related on crypto.

   It is good if they let cryptocurrencies to exist legally obviously, it may improve bitcoin's price, but it looks disguasting from the other side. Bitcoin's nature is not correlatable with prohibition of anonymity, taxation or other limits

If this happen this means cryptocurrency are being bigger and adaptation growth will be huge. This means this cryptocurrency are really on fire that other government are observing the flow of this market. So, this regulation has it's also the good side and good effects performance in the market.

Regulation is inevitable as the crypto currency market are getting bigger and popular governments will surely notice it. There will be Pros and Cons if regulation will be implemented. Most likely regulation will also differ on what country you are living.

I am sure China will be strict with it while other countries will be probably more lenient with it in all likelihood it will be Japan.

There is no way that we can stop regulation and lets just go on with it.

It was very nice to hear that they have a plan to regulate this crypto currency, there were positive things that will soon to happen in the market, and im sure a lot of people that are using bitcoin will be glad on that.. thats for sure.. i hoped that, also to the other country too.. and its a good news for all of us..

Thats good but there are some countries that pretend bitcoin as a threat for their currency. I hope all countries apply positive regulations for bitcoin and other cryptocurrency, honestly, I think cryptocurrency and blockchain technology are very useful to simplify our world wide transactions

if that happens then only one thing i know for sure, the bulls are in!!!
Were gonna be partying the whole year!

If this is true some cryptocurrency will increase in price soon because the demand will be increase. They are planning now and manipulate how much will be the profit if they invest to cryptocurrency.

If that's true I hope the rule is more pro to the user of cryptocurrency in its entirety without any discrimination neither the state not the type of crypto used.

 Cryptocurrency ia a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank, decentralized cryptocurrencies such as bitcoin now provide an outlet for personal wealth that is beyond restriction and confiscation. Create a free account to start buying!

Twenty biggest economy of the world are keeping eyes on cryptocurrency and planning to regulate it