Increase cost for some crypto firm? | Bitcointalksearch.org

passwordnow

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Quote from: travwill on March 02, 2020, 04:19:32 PM

In the framework of the idea that we are moving to a world in which cryptocurrency is fully regulated, this law can play into the hands of cryptocurrency projects that can be afraid to conduct fundraising on legal and regulated grounds. The main question is what are the criteria for admission of the project to the market.

Crypto is not regulated but what is regulated are the exchanges and probably you have spoke that because it looks like it is. I'm looking forward to this step made by the German government and other countries should follow this path and start issuing licenses for the sake of investors.
They are there to protect everyone.

travwill

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It seems that in this way the German government will be able to solve the issue of the uncontrolled appearance and registration of cryptocurrency projects that do not fall under the influence of regulators.
Such a measure, of course, will destroy or create great difficulties for many competitors. However, it is worth noting that this measure will also reduce the number of scam projects.

In the framework of the idea that we are moving to a world in which cryptocurrency is fully regulated, this law can play into the hands of cryptocurrency projects that can be afraid to conduct fundraising on legal and regulated grounds. The main question is what are the criteria for admission of the project to the market.

Beparanf

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Quote from: jacafbiz on January 25, 2020, 01:25:01 PM

Quote from: Thomas-s on January 25, 2020, 12:23:46 PM

I think that no government can not remove the existence of ICO projects. they can bring a lot of problems to people and projects that are registered in Germany but other projects remain outside their jurisdiction and therefore there is no reason for you to worry. Germany does not suffer from big losses and therefore I think that everything that you described they will not do

I do agree with you, the only power they have is on those projects situated in Germany and the good thing about all these is that you can move your base to a more crypto friendly countries, with time countries that are friendly to Crypto would see more Crypto related businesses dominance the space.

They need to implement rules too that will accept reports from other countries.But will not have any say if the project is from other countries. Maybe they only need to assure their people using crypto that they can guard them when they invest in a German crypto company. Government putting effort in understanding and analysing the crypto market is better to invest with

Aabcde

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I think this is a good step for Germany to anticipate fraud under the guise of crypto.
It is not new anymore that the token sale on crypto has many negative effects because developers who only want to look for profit.
By raising prices for these firms, it is possible to create a conducive environment for crypto later. So that the people can choose and feel safe in the company that has been branded well from the government.

zulfi125

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If German Government wants to regularize to crypto sector then this is positive for the crypto community and more trust will be build of investors upon the crypto project, and I think people will more invest in regularizing companies rather than un-regularize, so this will increase the cost but beneficial for firms.

VanDeinsberg12

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Quote from: Doell on January 26, 2020, 02:42:19 AM

IMO these regulations can prevent scammers also sh*t tokens and protected investors right strongly agree ,regulations must indeed be tightened because too many cases are very uncomfortable in eyes of the public hope work too in another country

The problem is if that will not be implemented in a short time that means if the regulation for crypto will be done next year may be. What step that already taken by germany is the right step by filtering the firm that can issue the new asset. That will prevent the scammer to issue their asset anytime but it will not so effective as so many people are coming from abroad to issue their asset and these tokenization platform was public platform which anyone can use it anytime.

stephanirain

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Quote from: Anora2020 on January 25, 2020, 10:46:17 AM

German government sought to introduce a law that might end up driving startups "out of the market" state that the government had the opposite intention in mind. It wants to encourage mainstream adaption of cryptocurrency and blockchain technology , rather than leave the sector open to unregulated smaller firms.

German government controlled for the issuing of token license for smaller firm for the protection of investors and let the solid companies dominate in the market.

It cannot be helped if different governments pass law on how they will "regulate" the crypto industry. Regulation and cryptocurrencies rarely mix well so, it will surely be still a long road ahead but the continuous increasing of adoption makes the cryptos more known and relevant to the marker.

Dickiy

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if it is done to protect investors and let a strong company dominate in the market it is very good. but I think Germany is one of the least affected countries

Casdinyard

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Quote from: Anora2020 on January 25, 2020, 10:46:17 AM

German government sought to introduce a law that might end up driving startups "out of the market" state that the government had the opposite intention in mind. It wants to encourage mainstream adaption of cryptocurrency and blockchain technology , rather than leave the sector open to unregulated smaller firms.

German government controlled for the issuing of token license for smaller firm for the protection of investors and let the solid companies dominate in the market.

Then that's good, isn't it?
And sure, people who are planning to start up an ICO or any crowd sale will be having second doubts especially those who are planning fraudulent activity. Well, that serves a warning tho. On the other hand, if this will become successful, it will open up more opportunities to their people and businesses as well.

Looking forward to seeing more countries that regulate ICOs. And to lessen the thought of regulation is just nothing but a hindrance.

Beparanf

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Quote from: Doell on January 26, 2020, 02:42:19 AM

IMO these regulations can prevent scammers also sh*t tokens and protected investors right strongly agree ,regulations must indeed be tightened because too many cases are very uncomfortable in eyes of the public hope work too in another country

Some believes that when government acknowledged it, scammers can be eliminated. While it is still depend on how we are going to monitor our investment and studies it. Though we can't deny the fact that regulations is really happening since many countries questioning it not being regulated by any means to backup the investors.

fuer44

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Quote from: Thomas-s on January 25, 2020, 12:23:46 PM

I think that no government can not remove the existence of ICO projects. they can bring a lot of problems to people and projects that are registered in Germany but other projects remain outside their jurisdiction and therefore there is no reason for you to worry. Germany does not suffer from big losses and therefore I think that everything that you described they will not do

yes, this is a kind of rule that applies to only one country, meaning that only Germans do that if they do it and will not apply in other countries. that is, ico and ico companies will still run normally in other countries. this is almost the same as US regulations that establish the SEC for crypto investors.

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Quote from: Anora2020 on January 25, 2020, 10:46:17 AM

German government sought to introduce a law that might end up driving startups "out of the market" state that the government had the opposite intention in mind. It wants to encourage mainstream adaption of cryptocurrency and blockchain technology , rather than leave the sector open to unregulated smaller firms.

German government controlled for the issuing of token license for smaller firm for the protection of investors and let the solid companies dominate in the market.

If every country can follow the path of Germany the would become completely different in thr future. Regulations are a must to stop scams and fraud, good thinking by the government of Germany.

Doell

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IMO these regulations can prevent scammers also sh*t tokens and protected investors right strongly agree ,regulations must indeed be tightened because too many cases are very uncomfortable in eyes of the public hope work too in another country

bitvalak

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Capitalization always occurs in any country because it can benefit the government. This includes regulating cryptocurrency and company regulations in that field. Small players will have difficulty with this because there is a price to pay, large and small companies should be combined into one to create a stable and mutually beneficial ecosystem for many parties.

CjMapope

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Quote from: Anora2020 on January 25, 2020, 10:46:17 AM

...It wants to encourage mainstream adaption of cryptocurrency and blockchain technology , rather than leave the sector open to unregulated smaller firms.

That actually sounds not too bad to me? Maybe this will be a time regulation can be a GOOD thing
theres no doubt SOMETHING needs to be done, crypto will never be mainstream till it has SOME form of consumer protection, and this could be a step towards that?
If anywhere CAN do it, it could be Germany, they are good at regulating things generally imo. Japan is the best at crypto-regulation things, but Germany maybe can do it

jacafbiz

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Quote from: Thomas-s on January 25, 2020, 12:23:46 PM

I think that no government can not remove the existence of ICO projects. they can bring a lot of problems to people and projects that are registered in Germany but other projects remain outside their jurisdiction and therefore there is no reason for you to worry. Germany does not suffer from big losses and therefore I think that everything that you described they will not do

I do agree with you, the only power they have is on those projects situated in Germany and the good thing about all these is that you can move your base to a more crypto friendly countries, with time countries that are friendly to Crypto would see more Crypto related businesses dominance the space.

Thomas-s

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I think that no government can not remove the existence of ICO projects. they can bring a lot of problems to people and projects that are registered in Germany but other projects remain outside their jurisdiction and therefore there is no reason for you to worry. Germany does not suffer from big losses and therefore I think that everything that you described they will not do

Anora2020

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German government sought to introduce a law that might end up driving startups "out of the market" state that the government had the opposite intention in mind. It wants to encourage mainstream adaption of cryptocurrency and blockchain technology , rather than leave the sector open to unregulated smaller firms.

German government controlled for the issuing of token license for smaller firm for the protection of investors and let the solid companies dominate in the market.

Topic: Increase cost for some crypto firm? (Read 266 times)