Topic: How long will it take for countries to regulate Cryptocurrencys ? - page 2. (Read 211 times)
January 25, 2018, 10:56:46 PM
Bitcoins purpose is meant to be use freely and not controlled by any government but whats happening is the opposite.Some countries trying to control and regulate it.Though i'm not surprise with it because ther people uses bitcoin for illegal activities that make a threat for the government (perhpaps some).Besides there are also risks and flaws about bitcoin that the government afraid of for the users.Although our government not yet make there decision about this matter but im pretty sure in the near future they will also implement this.Kind a sad though that the purpose of mr.nakamoto would change a little.
January 25, 2018, 10:33:20 PM
thats the big reason why they still beware about bitcoin and other crypto, negative activity like money laundry, drug, terorist donation, and many bad activity. for government that who legalize bitcoin, they think about big tax, that can help their financial
January 25, 2018, 10:15:44 PM
Some already are going after crypto. I think this is crypto's biggest threat at the moment. Being regulated is not compatible with the goal and value of bitcoin (its decentralization and immunity from government control).
Just to be clear, I think BITCOIN's biggest threat is its scaling issues and transaction time/price problems, as well as its network energy use, but I think that government regulation is the biggest problem for the crypto space as a whole. It may even come in the form of banning mining for environmental purposes because of the excessive energy use.
Just to be clear, I think BITCOIN's biggest threat is its scaling issues and transaction time/price problems, as well as its network energy use, but I think that government regulation is the biggest problem for the crypto space as a whole. It may even come in the form of banning mining for environmental purposes because of the excessive energy use.
January 25, 2018, 10:07:40 PM
Governments everywhere feel that they entitled to a portion of a pie and also to run cryptocurrency industry the way they see fit. Some gov-ts such as Singapore are advanced and understand the need of digital transformation. Some like in China are trying to hold it down, so it would not create unnecessary changes.
IMHO, US is in the middle and will try to create a regulatory framework for cryptos. However, we have 50 states and 50 regulators plus US D of Treasury, SEC and gazillions of Agencies in addition to FED reserve, banks that cannot be named, khhm, I mean failed, etc. As a result we will have something that it tradeable, but costly.
IMHO, US is in the middle and will try to create a regulatory framework for cryptos. However, we have 50 states and 50 regulators plus US D of Treasury, SEC and gazillions of Agencies in addition to FED reserve, banks that cannot be named, khhm, I mean failed, etc. As a result we will have something that it tradeable, but costly.
January 22, 2018, 08:16:13 PM
So many countries trying to regulate cryptocurrencys now. Think it will only be a matter of time before they go after more and more trading platforms and websites who use cryptocurrencys in a bid to regulate it as best they can. If they dont succeed we will most prob see more and more countries trying to ban it alltogether.
Regulators in the U.S., Singapore, Japan and China are looking into regulatory measures to control the growth in digital tokens.
(UK Treasury is planning tighter regulation of Bitcoin, hoping to prevent the likes of money laundering and terrorism being paid for with cryptocurrency. ... Treasury said it intends to regulate the digital currency to bring it in line with anti-money laundering and counter-terrorism financial legislation.)
A lack of clarity in South Korea's plans to regulate cryptocurrencies may be of concern, but experts continued to sound upbeat about developments in the space.
Nordic banking giant Nordea has banned its 31,000 employees from trading in bitcoin and other cryptocurrencies.
I think once Europe starts its regulation a lot of other countries will follow ...
Regulators in the U.S., Singapore, Japan and China are looking into regulatory measures to control the growth in digital tokens.
(UK Treasury is planning tighter regulation of Bitcoin, hoping to prevent the likes of money laundering and terrorism being paid for with cryptocurrency. ... Treasury said it intends to regulate the digital currency to bring it in line with anti-money laundering and counter-terrorism financial legislation.)
A lack of clarity in South Korea's plans to regulate cryptocurrencies may be of concern, but experts continued to sound upbeat about developments in the space.
Nordic banking giant Nordea has banned its 31,000 employees from trading in bitcoin and other cryptocurrencies.
I think once Europe starts its regulation a lot of other countries will follow ...
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