EU Moving In To Regulate CryptoCurrency Industry - page 2.

BitHodler

legendary

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Quote from: samcrypto on March 10, 2018, 07:10:29 AM

Although this is a good move by bigger counties but I do hope for more transfarent regulations.

How transparent do you need the regulations to be? It's clear already that everything they come up with in the coming years, will be something that plays out in their own advantage, and not the one from crypto.

The best possible execution of regulations is something we have seen happen in Japan. The only downside for investors is that in case their profits exceed $365,000 in their own currency, they'll be subject to a 55% tax rate.

It's insanely steep, but that hasn't scared off any investors at all based on how the demand and volumes there keep growing. Whatever we say or think about regulations, they'll be implemented anyway, so we better deal with it.

hacekd

member

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The EU is ready to regulate cryptocurrency if the risks from this sector are not addressed at the global level. The doubling of global investment in bitcoin and other virtual currencies last year has seen wild eclipses in their valuations, generating many benefits for some investors while others have lost much.

samcrypto

sr. member

Activity: 2044

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Vave.com - Crypto Casino

Regulation can also have a negative impact on cryptomarket specially when the regulating body against cryptocurrency, and don’t implement the regulation well. Although this is a good move by bigger counties but I do hope for more transfarent regulations.

Proton2233

sr. member

Activity: 434

Merit: 252

Quote from: CryptoBry on March 10, 2018, 02:57:41 AM

The reality is that the power to regulate really belong to the state not unless we start a good revolution that can overthrow the government and which I know nobody does really care about it. Cryptocurrency will be facing the regulatory power of the government otherwise the other option is what China did last year. However, am still enthusiastic that after all the dust is settled cryptocurrency will survive and flourish under the new environment established by the government. We can use the framework of regulations as a vehicle to bring the cryptocurrency into the future and from there on argue for its deregulation.

It all depends on our actions. Many users are ready to bow to governments to approve the use of cryptocurrencies. They are ready for everything in order to get free access Fiat. How can you make a revolution with such moods? It may take a long time for consensus to exist within the community. People need to understand that if we defend our freedom, life will be better. Killing bitcoin is easy but it will be very difficult to restore trust in it.

CryptoBry

sr. member

Activity: 1008

Merit: 355

The reality is that the power to regulate really belong to the state not unless we start a good revolution that can overthrow the government and which I know nobody does really care about it. Cryptocurrency will be facing the regulatory power of the government otherwise the other option is what China did last year. However, am still enthusiastic that after all the dust is settled cryptocurrency will survive and flourish under the new environment established by the government. We can use the framework of regulations as a vehicle to bring the cryptocurrency into the future and from there on argue for its deregulation.

tweetbit

full member

Activity: 560

Merit: 112

If there’s blood the leeches follow. Where’s money, the government regulates it. There are mandated by the people that they represent to do it, self interest or not, we are obliged or the members of eu and it’s people have to abide by it. If the counsel feels the need for regulation for security and progress of its financial responsibility then they have to. For what extent, leave the privacy of each crypto user secure.

audaciousbeing

hero member

Activity: 1330

Merit: 569

Quote from: CCRBNews on March 09, 2018, 10:15:26 AM

This is quite interesting how the EU are doing it. They are making out as though they are just wanting to step in and regulate crowdfunding websites but if you dig a bit deeper it actually shows they want to regulate anything where finance is being raised. This would greatly change the face of Crypto EU wide.

http://learnccrb.com/2018/03/eu-wants-to-regulate-fintech-including-blockchain/

Eventually we know its going to happen and they are not to be blamed even though they are the are doing this for their own selfish interest based on the quest to control virtually everything of human lives. The major and minor players are also not helping matters which then justify the reason for their own actions.

For the major players they make money not because they are intelligent but because they are smart which is not bad on it's own but flaunting it all over makes those who work smarter lazy set of people then government will find an excuse to enter the market in other to maintain social order.

To the players that are morally bankrupt, they decide to use the community as a way to get rich quick by scamming people of their resources and hiding under the anonymity factor which is being exploited while others use it as a means to fund a nonexistent project in form of ICOs and a whole lot of anomaly in the system. How won't government set in.

Quote from: Kronos21 on March 09, 2018, 11:49:09 AM

There's nothing interesting about it. All States fear an uncontrolled crowdfunding market. This can significantly change the world order. If before the inventor invented the engine for the car that runs on water. For the production of such engines need to be certified and build a plant. A lot of money. Where to take them? Corporations are buying the rights to these inventions and destroy them. Why do they need additional costs? Crowdfunding allows you to find such money from ordinary people from around the world. That's what they fear.

Kronos21

sr. member

Activity: 434

Merit: 255

There's nothing interesting about it. All States fear an uncontrolled crowdfunding market. This can significantly change the world order. If before the inventor invented the engine for the car that runs on water. For the production of such engines need to be certified and build a plant. A lot of money. Where to take them? Corporations are buying the rights to these inventions and destroy them. Why do they need additional costs? Crowdfunding allows you to find such money from ordinary people from around the world. That's what they fear.

CCRBNews

newbie

Activity: 28

Merit: 1

This is quite interesting how the EU are doing it. They are making out as though they are just wanting to step in and regulate crowdfunding websites but if you dig a bit deeper it actually shows they want to regulate anything where finance is being raised. This would greatly change the face of Crypto EU wide.

http://learnccrb.com/2018/03/eu-wants-to-regulate-fintech-including-blockchain/

Topic: EU Moving In To Regulate CryptoCurrency Industry - page 2. (Read 280 times)