Topic: EU is about to end bitcoin anonymity. Price reaction? - page 2. (Read 1711 times)
I don't expect any reaction.
Much as we'd enjoy seeing this news pull the price down, it seem like it didn't. Exchanges and cash out services are already asking IDs even before this news sprouted.
So i don't think this will affect the price as well. try again.
So i don't think this will affect the price as well. try again.
So what difference from current situation? Because I had already send copy of my ID card to validate account at exchange. I worried my ID card could be misused if their database is hacked, but exchanges requesting ID card proofs already or you have to look elsewhere if your worried about someone else misusing your identity...
if the exchange is registered as a MSB (money service business) then it is asking for data for official reasons that are mandated by the rules of being a MSB.
if its not registered to any financial institution/agency, then who knows what they are doing with the data
So what difference from current situation? Because I had already send copy of my ID card to validate account at exchange. I worried my ID card could be misused if their database is hacked, but exchanges requesting ID card proofs already or you have to look elsewhere if your worried about someone else misusing your identity...
I don't think this is as bad as everyone thinks, one of the things that is holding bitcoin back in my opinion from mainstream mass adoption is the fact that it is associated with a lot of dodgy dealings, I know myself when mentioning it and also when it has been in the news it is never as positive as it should be.
If that stigma of it being 'illegal' can be reduced or removed I would envision a lot more people taking it seriously as a real use currency.
+1 shutting down non legit fiat hoarding websites that dont want to follow basic consumer protection rules will clean up bitcoin as a sideeffect.If that stigma of it being 'illegal' can be reduced or removed I would envision a lot more people taking it seriously as a real use currency.
having basement dwellers who hide behind proxies and hoard millions of euro's of customer funds, should never happen. especially letting them continue long enough to hoard enough to then make the gox/cryptsy claim of hacking.
we need legit and trusting third parties if normal folk are going to get into bitcoin
The EU’s executive body has promised new legislation in the Spring to make sure the exchanges and users of virtual currency platforms such as Bitcoin are identifiable and traceable.
Seems price of Bitcoin will fall down?
Seems price of Bitcoin will fall down?
From what source did you read this?
I think that is good news. Legal is better.
The EU’s executive body has promised new legislation in the Spring to make sure the exchanges and users of virtual currency platforms such as Bitcoin are identifiable and traceable.
Seems price of Bitcoin will fall down?
Seems price of Bitcoin will fall down?
I think this is a good idea.
If something is legal , the better it is.
Price will not fall because of this i think.
Yeah I second that. If there is a way to trace back all the Bitcoin scammers the image of Bitcoin will be cleared and people will think of it as legitimate Internet money and not like thieves are out there to steal your cash every day because they can.
I don't think this is as bad as everyone thinks, one of the things that is holding bitcoin back in my opinion from mainstream mass adoption is the fact that it is associated with a lot of dodgy dealings, I know myself when mentioning it and also when it has been in the news it is never as positive as it should be.
If that stigma of it being 'illegal' can be reduced or removed I would envision a lot more people taking it seriously as a real use currency.
If that stigma of it being 'illegal' can be reduced or removed I would envision a lot more people taking it seriously as a real use currency.
Time will show. But I don't think so. That can do what they want but there is no way of ensuring all users of Bitcoin is identifiable. They can do what they want with exchanges running in EU but they cannot control the Bitcoin network.
The EU’s executive body has promised new legislation in the Spring to make sure the exchanges and users of virtual currency platforms such as Bitcoin are identifiable and traceable.
Seems price of Bitcoin will fall down?
Seems price of Bitcoin will fall down?
its all about the FIAT hoarding exchanges.
relax
I don't have problems providing my ID when withdrawing to fiat but why would the price of bitcoin fall down this move will make bitcoin more legitimate across Europe and won't be associated only with shady deals over the Internet. I am only worried about paying taxes on cryptocurrencies.
The EU’s executive body has promised new legislation in the Spring to make sure the exchanges and users of virtual currency platforms such as Bitcoin are identifiable and traceable.
Seems price of Bitcoin will fall down?
Seems price of Bitcoin will fall down?
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