Topic: Great news 4 European Bitcoiners (Read 1326 times)
This is there opinion now besides that can change what they are thinking. For now good new let's see what the future will bring us.
Hey, like it or not, some regulation and monitoring will happen and we should just accept it. The governments has a obligation to protect their citizens against terrorists and/or consumer protection against fraud and scams. So I agree with their views on that.
The positive thing about this is, the door was left open for discussion and further investigation. They could have just closed the door and forced the current financial systems down on us and they did not do that. Let's just enjoy the small steps we are taking towards a better Bitcoin future.
The positive thing about this is, the door was left open for discussion and further investigation. They could have just closed the door and forced the current financial systems down on us and they did not do that. Let's just enjoy the small steps we are taking towards a better Bitcoin future.
Well then I suggest the governments to have a very close look on the big banks!!!!
Money laundering, massive fraud and scamming, tax avoiding are all fields in which banks are highly skilled and always involved!!!!!
Is this news a result of this meeting?
As I've said in the other topic, I don't like it when the EU discusses Bitcoin, but I have to admit they're having a good attitude towards it
As I've said in the other topic, I don't like it when the EU discusses Bitcoin, but I have to admit they're having a good attitude towards it
Yeah i think it came out of a meeting yesterday of the monetary committee. I have to agree that europe has had a fairly reasonable view on bitcoin and the like compard to say russia.
It is good news. However, I somewhat get a feeling that they are doing this much of ignoring crypto, as if they were not all that important. Let'see how things keep going on.
Yes, Europe seems like a good place to have crypto.
Yes, Europe seems like a good place to have crypto.
It's OK news, nothing special. At this point the digital currencies aren't that big of a threat to them so it doesn't bother them much. But look what will happen when these currencies start to take over precious market share of fiat. 
That's when they will come to action.
That's when they will come to action.agreed. It is OK news. It is better than last month or two when they were suggesting legislation and regulation.
It seems that the European Union decided to go soft on digital currencies.
Reuters says:
EU says to monitor, not regulate 'hyped' virtual currencies
"The European Union will monitor rather than regulate "hyped" virtual currencies for now, because too little is known to justify new rules beyond reining in specific risks like money-laundering, the body's executive said on Monday.
The world's 600 virtual currencies are tiny, with bitcoin alone accounting for 90 percent of the $7 billion sector, compared with daily turnover of about $5 trillion on global foreign exchange markets.
Virtual currencies are traded online and not backed by a central bank. The collapse of bitcoin exchange Mt. Gox two years ago raised concerns about consumer protection in a largely self-regulated, experimental sector."
i just think this is good news and bad news too Reuters says:
EU says to monitor, not regulate 'hyped' virtual currencies
"The European Union will monitor rather than regulate "hyped" virtual currencies for now, because too little is known to justify new rules beyond reining in specific risks like money-laundering, the body's executive said on Monday.
The world's 600 virtual currencies are tiny, with bitcoin alone accounting for 90 percent of the $7 billion sector, compared with daily turnover of about $5 trillion on global foreign exchange markets.
Virtual currencies are traded online and not backed by a central bank. The collapse of bitcoin exchange Mt. Gox two years ago raised concerns about consumer protection in a largely self-regulated, experimental sector."
if consumer protection in a largely self-regulated applicated,i am worry about small trader who ask protection from goverment,that they lost or scammed by exchange,and it just losing $1 or $2
If I had to chose between Bitcoin being regulated or Bitcoin being banned, I would definitely go for a little regulation.
There is a fine line between fair regulation and over regulation. I think the BitLicence in the USA were a bad move on their part and they killing the little guys. The licences are so
expensive, most innovators cannot enter the field without help. Great ideas and Killer Bitcoin applications might just die a silent death, because
people could not afford the licences. Europe just have to keep away from following the same path and making the same mistakes.
It seems that the European Union decided to go soft on digital currencies.
Reuters says:
EU says to monitor, not regulate 'hyped' virtual currencies
"The European Union will monitor rather than regulate "hyped" virtual currencies for now, because too little is known to justify new rules beyond reining in specific risks like money-laundering, the body's executive said on Monday.
The world's 600 virtual currencies are tiny, with bitcoin alone accounting for 90 percent of the $7 billion sector, compared with daily turnover of about $5 trillion on global foreign exchange markets.
Virtual currencies are traded online and not backed by a central bank. The collapse of bitcoin exchange Mt. Gox two years ago raised concerns about consumer protection in a largely self-regulated, experimental sector."
i just think this is good news and bad news too Reuters says:
EU says to monitor, not regulate 'hyped' virtual currencies
"The European Union will monitor rather than regulate "hyped" virtual currencies for now, because too little is known to justify new rules beyond reining in specific risks like money-laundering, the body's executive said on Monday.
The world's 600 virtual currencies are tiny, with bitcoin alone accounting for 90 percent of the $7 billion sector, compared with daily turnover of about $5 trillion on global foreign exchange markets.
Virtual currencies are traded online and not backed by a central bank. The collapse of bitcoin exchange Mt. Gox two years ago raised concerns about consumer protection in a largely self-regulated, experimental sector."
if consumer protection in a largely self-regulated applicated,i am worry about small trader who ask protection from goverment,that they lost or scammed by exchange,and it just losing $1 or $2
It's OK news, nothing special. At this point the digital currencies aren't that big of a threat to them so it doesn't bother them much. But look what will happen when these currencies start to take over precious market share of fiat. That's when they will come to action.
That's when they will come to action. 
Well the politicians will just stay away for now but if the prices go above $1000 they will want to regulate cryptos to make us pay taxes.
I cant speak for anyone else bit I couldnt care less about the
outcomes of these meetings where i suspect most of the
attendees to suffer from extreme flouride poisoning and
different stages of Alzhiemers
outcomes of these meetings where i suspect most of the
attendees to suffer from extreme flouride poisoning and
different stages of Alzhiemers
I really like how this went as their now seem to be of a good observer type then act as opposed to before to act and observe type so it's really nice what was their side specially for Olivier Salles and Jakob von Weizsaecker. It's showing their understanding the technology little by little and their only concern is regarding terrorism financing in which it has been the debate for quite some time now and would be interesting to see what they will do regarding this matter by next months regulations.
bogus regulatory bodies lol
as long as they do not hinder the adoption of bitcoin i'm fine, regulation can bring more adoption, so they cna even regulate it for what i care
but too much regulation would kill the point of decentralization i think...
but too much regulation would kill the point of decentralization i think...
To me there is not so much difference between the words regulate and monitor when a EU institution is talking. I don't want neither regulation nor monitoring from them.
Even if there would be some form of regulation, that would be acceptable IMO as well.
Scammers and ponzi pumpers are the biggest peril of cryptocurrencies. People who make money in a legit way have nothing to fear.
Scammers and ponzi pumpers are the biggest peril of cryptocurrencies. People who make money in a legit way have nothing to fear.
That thinking is the start of bitcoin becoming the next government controlled currency
In all seriousness, I agree with you. Criminals have been running wild with bitcoin for far too long. It is time they start paying for it.
Even if there would be some form of regulation, that would be acceptable IMO as well.
Scammers and ponzi pumpers are the biggest peril of cryptocurrencies. People who make money in a legit way have nothing to fear.
Scammers and ponzi pumpers are the biggest peril of cryptocurrencies. People who make money in a legit way have nothing to fear.
Also saw that London taxicabs will soon be accepting Bitcoin 
not sure how they are set up across the pond but here in the US it's a monopoly between a few companies.
http://www.coinfox.info/news/persons/4569-london-cab-driver-all-taxis-will-accept-cryptocurrencies-in-the-near-future
not sure how they are set up across the pond but here in the US it's a monopoly between a few companies.http://www.coinfox.info/news/persons/4569-london-cab-driver-all-taxis-will-accept-cryptocurrencies-in-the-near-future
There are two problems with taxi fares. One is the risk of theft of cash. Taxi drivers are constantly at risk when they carry bags of cash. This is especially true in the provinces, and there have been many instances of theft at knife-point. The other problem is one for the government, taxi drivers traditionally receive a tip, and the revenue department has difficulty in monitoring this. I read that article as requiring taxi drivers to accept credit card payments. The Bitcoin element resulted from the use of secondary services.
The government is also attempting to force lay-by ( roadside ) food vendors to restrict sales solely to credit card customers. This will affect some itinerant people and some single people on low incomes, as they do not have credit cards.
These indeed god news Europe is a big market and it has an over all impact on the bitcoin system,although I live in the Asian region i can perceive this as something positive in the community,
Hopefully all regions will follow their leads
Hopefully all regions will follow their leads
Also saw that London taxicabs will soon be accepting Bitcoin not sure how they are set up across the pond but here in the US it's a monopoly between a few companies.
http://www.coinfox.info/news/persons/4569-london-cab-driver-all-taxis-will-accept-cryptocurrencies-in-the-near-future
not sure how they are set up across the pond but here in the US it's a monopoly between a few companies.http://www.coinfox.info/news/persons/4569-london-cab-driver-all-taxis-will-accept-cryptocurrencies-in-the-near-future
I find this to be great news.
Even though the difference between monitoring and regulating might not be much, as the previous post mentions it is a breath of fresh air for european based startups
Even though the difference between monitoring and regulating might not be much, as the previous post mentions it is a breath of fresh air for european based startups
Europeans are good in forum activities than other Continent people. Now this time it would make them grow smoothly without any disturbance over the market. It seems to be a good startup as you said, the reason behind that it has got growing number of users than rest of the world countries. So one willing to take leadership will achieve greatness
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