That's why many governments are against the crypto stock exchange. It can not be followed.
When you make a money transfer, you do not know where the money goes out and where it goes. You see only 24 addresses. Governments want names and ids. I think they are right. Malicious people are also using this stock market.
Topic: Europe Wants To Know Who You Are? - page 6. (Read 1084 times)
Everyone hear the news, seems in Europe the so called powers that be want to put more regulation
for anyone who uses an exchange there to trade etc, they want to know who you are and when you are using the exchange for transactions in crypto.
so much for using the block chain and having a hidden ID in a transaction
must be a tactic to tax everyone in crypto?
anyone else read this? thoughts? its on cointelegraph.
something we dont want but who knows eh
for anyone who uses an exchange there to trade etc, they want to know who you are and when you are using the exchange for transactions in crypto.
so much for using the block chain and having a hidden ID in a transaction
must be a tactic to tax everyone in crypto?
anyone else read this? thoughts? its on cointelegraph.
something we dont want but who knows eh
that is definitely what is going to happen. The governments are allowing bitcoin and other crypto transactions, but they will want to know who is doing them, unless it's only small tx
In this there is nothing unexpected. Europe was attacked by terrorists. We see that senseless terrorist acts are committed in European countries. They simply attack with knives on passers-by, then on cars crash into the crowd, then make explosions in public places.
Europe simply has to defend itself. Therefore, in Europe, identity identification will be used in the exchange and sale of crypto currency on exchanges and exchangers. With this, you just need to put up with the inevitable.
Europe simply has to defend itself. Therefore, in Europe, identity identification will be used in the exchange and sale of crypto currency on exchanges and exchangers. With this, you just need to put up with the inevitable.
This is very normal. When government consider bitcoin as a stock or commodity it will require everyone who invested on a KYC and AML requirements. This is not a bad news since it was even required to the stock exchange and on banking institutions. This action of requiring bitcoin such requirements is a sign that bitcoin is already recognized by the state as legal and can be used within its territory.
I strongly agree with this statement. Let us be positive people, we have gained so much profit from the previous seasons of Bitcoin and one thing we should embrace to continue our sustainability is to follow what the government wants us to do. It is also an advantage for us who legally do our trading and investing. The government can't protect us if they will not regulate the system.
Everyone hear the news, seems in Europe the so called powers that be want to put more regulation
for anyone who uses an exchange there to trade etc, they want to know who you are and when you are using the exchange for transactions in crypto.
so much for using the block chain and having a hidden ID in a transaction
must be a tactic to tax everyone in crypto?
anyone else read this? thoughts? its on cointelegraph.
something we dont want but who knows eh
for anyone who uses an exchange there to trade etc, they want to know who you are and when you are using the exchange for transactions in crypto.
so much for using the block chain and having a hidden ID in a transaction
must be a tactic to tax everyone in crypto?
anyone else read this? thoughts? its on cointelegraph.
something we dont want but who knows eh
In other words it is known as KYC or Know Your Costumers related activity by the Europe in which this is should be a SOP of all nations that will going to adapt Bitcoin so that it will not be use in illegal activities specially in money laundering. This move is good specially in Germany and France in which Bitcoin has no tax or less tax in these countries but still it should be regulated to ensure the safety of the nation and its citizen.
No tax in Germany for Bitcoin?There is tax for everything in good old Germany and for cryptocurrency it´s ca. 40% if you have earned more then 600€ and you have not hold for 1 year.And i believe it will change ,just like they changed it for stocks as it was popular and everyone wanted to go into it.
Sure,it will be regulated so Goverments can take more from that cake
I do not mind if the owner of the crypto is subject to government taxes. if it can guarantee the security of crypto and state support the development of crypto.
I think it's up to the European countries to move like what's important is bitcoin should not be used for crime, better bitcoin technology is used to build some infrastructure that can provide benefits for the community and can make new technological developments.
basically this is good, and this is not just in europe, in Asia and all countries around the world, 99% i believe their way of thinking is same. this is normal. and I do not mind that. KYC, AML and Tax, as long as it is really needed for everyone's good. I will accept it.
This has been going on for a while, so I am not at all surprised. Most exchanges now a days require a KYC process (even some ICOs require it, as well as bounty campaigns at the end). I do feel it is tax related, but on the bright side it means that governments are starting to recognize cryptocurrency more and more as a valid asset making it no longer "banned" or "illegal".
And this is why Decentralized exchanges are growing, slowly I admit, but still, and more people will start to use them. It's not a "taxes related" problem but rather a money laundering "excuse"... Some countries in Europe are welcoming businesses related to cryptos, and some are charging a quite low percentage tax, or zero.
The money laundering "excuse" is used with the hope to be able to track transactions, yet with fiat and all regulations that popped out since a decade did nothing for their "money laundering "excuse""
The European Union would excise much less restraint when it comes down to tracking down crypto traders around its region. The nations in the region are known to have promoted cryptocurrency usage in the early days.
I think there is nothing surprising. This is how everything works. The government needs to regulate everything and everyone. That's why you should take care of those aspects of your life which you would like to keep in safety
mate, not only Europe but around the world, too.
I think it's really a good news that the government wants to know about you and if you're happy to pay taxes in crypto. This means that this technology will not be banned. So please help keep it up to date with the right information. It will be good for you and Bitcoin.
This has been going on for a while, so I am not at all surprised. Most exchanges now a days require a KYC process (even some ICOs require it, as well as bounty campaigns at the end). I do feel it is tax related, but on the bright side it means that governments are starting to recognize cryptocurrency more and more as a valid asset making it no longer "banned" or "illegal".
Everyone hear the news, seems in Europe the so called powers that be want to put more regulation
for anyone who uses an exchange there to trade etc, they want to know who you are and when you are using the exchange for transactions in crypto.
so much for using the block chain and having a hidden ID in a transaction
must be a tactic to tax everyone in crypto?
anyone else read this? thoughts? its on cointelegraph.
something we dont want but who knows eh
for anyone who uses an exchange there to trade etc, they want to know who you are and when you are using the exchange for transactions in crypto.
so much for using the block chain and having a hidden ID in a transaction
must be a tactic to tax everyone in crypto?
anyone else read this? thoughts? its on cointelegraph.
something we dont want but who knows eh
In other words it is known as KYC or Know Your Costumers related activity by the Europe in which this is should be a SOP of all nations that will going to adapt Bitcoin so that it will not be use in illegal activities specially in money laundering. This move is good specially in Germany and France in which Bitcoin has no tax or less tax in these countries but still it should be regulated to ensure the safety of the nation and its citizen.
each country has its own rules to regulate all financial activities related to the economy. every country would want to know who the business actors in the economic field so that the country can control all activities so as not to harm the state and local entrepreneurs. and the state can benefit from such activities by taking taxes.
I think it's a win win really, if the Government gets more information on you and is happy if you pay taxes in crypto it means it's a solid piece of technology and won't be banned or overly regulated so they continue to receive it with the data.
Thoughts are pretty good and I like the way you think.I think if there is a person's name name registered by the government then I agree because he has been classified taxpayers from the government so he can be more calm in carrying out his work wherever he is.
Government wants security and also a piece of pie from your earnings.
Of course they want. But I am not sure how can they do that, since they seem to be on the path of declaring Bitcoin a currency.
And with Bitcoin right now it's not easy to find out which transactions are exchanges/conversions and which are "earned money".
Am I missing anything here?
Everyone hear the news, seems in Europe the so called powers that be want to put more regulation
for anyone who uses an exchange there to trade etc, they want to know who you are and when you are using the exchange for transactions in crypto.
so much for using the block chain and having a hidden ID in a transaction
must be a tactic to tax everyone in crypto?
anyone else read this? thoughts? its on cointelegraph.
something we dont want but who knows eh
for anyone who uses an exchange there to trade etc, they want to know who you are and when you are using the exchange for transactions in crypto.
so much for using the block chain and having a hidden ID in a transaction
must be a tactic to tax everyone in crypto?
anyone else read this? thoughts? its on cointelegraph.
something we dont want but who knows eh
There is good intention and also a counterpart, a unexpected intention in it. First it's a good measure so they can know if some terrorist is actually cashing in money. The downside I see here is they are now capabale of slapping you with trading taxes. Government wants security and also a piece of pie from your earnings.
Most governments want to know about every financial transaction, especially crypto transactions. Cryptocurrencies were meant for p2p transactions to bypass the middlemen. That means banks and governments would have no control over these transactions and they also do not know who are involved. That's why the authorities want to regulate crypto. Exchanges have to implement KYC procedures and pass information about customers, so they can be taxed. That's the main reason why governments are pushing for KYC.
Jump to: