Topic: Korea, Dubai Move to Regulate Bitcoin - page 2. (Read 945 times)
I am afraid other countries will follow suit. In my opinion all thet want is their share or taxes, since bitcoin become popular millions of dollar are being transacted on bitcoin. Also, it has also a good side I think, it will protect us, bitcoin user from fraud. But still, I want the bitcoin which I can control without any intervention.
its sound interesting to know that korea and dubai wants to regulate bitcoin, besides canada which fast moving into bitcoin. one by one, there will be many country which want to follow canada to adopt bitcoin as their another currency. 2017 will be unpredicted since there are many people will moving with bitcoin adoption but i am sure that the price will still to going up for this news.
I was expecting a such move from Dubai , cause at the end UAE is still a middle east country where governments are always cautious
my cousin is living in Abu Dhabi , and he told me that porn websites and big gambling sites are blocked by the government
so do you think that a country that bans porn will allow people to use bitcoin without any troubles !!
my cousin is living in Abu Dhabi , and he told me that porn websites and big gambling sites are blocked by the government
so do you think that a country that bans porn will allow people to use bitcoin without any troubles !!
It is not just porn and gambling, even online calling (like skype) is regulated in UAE. So it would be natural that the government would look to regulate Bitcoin. Governments hate anything that they can't control.
By the way, banning porn should not be considered a benchmark. Lots of countries have taken a moral stand and banned porn...
Limited regulation is not a bad thing, because some merchants will not accept Bitcoin as a payment option, if it does not function within the
legal framework. They should at least define it as a commodity or a currency for the courts to be able to handle crimes, where Crypto
currencies were involved. The bad side will be, if they over regulate it... like what was done in New York.
legal framework. They should at least define it as a commodity or a currency for the courts to be able to handle crimes, where Crypto
currencies were involved. The bad side will be, if they over regulate it... like what was done in New York.
I was expecting a such move from Dubai , cause at the end UAE is still a middle east country where governments are always cautious
my cousin is living in Abu Dhabi , and he told me that porn websites and big gambling sites are blocked by the government
so do you think that a country that bans porn will allow people to use bitcoin without any troubles !!
It's easy to use bitcoin to bypass the law, with bitcoin there's not giving of information and you just have to protect your IP to be able not to be trace. The real essence is that they ban and gambling site and porn sites then probably it's illegal to access it using bitcoin but only when you get caught. my cousin is living in Abu Dhabi , and he told me that porn websites and big gambling sites are blocked by the government
so do you think that a country that bans porn will allow people to use bitcoin without any troubles !!
I was expecting a such move from Dubai , cause at the end UAE is still a middle east country where governments are always cautious
my cousin is living in Abu Dhabi , and he told me that porn websites and big gambling sites are blocked by the government
so do you think that a country that bans porn will allow people to use bitcoin without any troubles !!
my cousin is living in Abu Dhabi , and he told me that porn websites and big gambling sites are blocked by the government
so do you think that a country that bans porn will allow people to use bitcoin without any troubles !!
In looking to follow the legal frameworks set by the United States and Japan, Korea is set to become one of the few countries to regulate Bitcoin and its use.
The country’s financial regulator, The Financial Services Commission, said on Thursday Nov. 17 that it would introduce regulatory guidelines for digital currency exchanges by the first quarter of 2017, in response to the growing popularity of Bitcoin and other digital currencies traded online in Korea.
As for Dubai , A regional publication, Trade Arabia, has also reported a similar regulatory move by the Supreme Legislation Committee (SLC) of Dubai. It says that the most populous city within the UAE is holding a workshop on Nov. 20 to discuss the present and future legislative policies and legal frameworks for Bitcoin.
https://cointelegraph.com/news/canadian-government-moving-faster-towards-mainstream-bitcoin-adoption
If 2017 is not going to be "the year of Bitcoin" then I don't know which year would be.
The country’s financial regulator, The Financial Services Commission, said on Thursday Nov. 17 that it would introduce regulatory guidelines for digital currency exchanges by the first quarter of 2017, in response to the growing popularity of Bitcoin and other digital currencies traded online in Korea.
As for Dubai , A regional publication, Trade Arabia, has also reported a similar regulatory move by the Supreme Legislation Committee (SLC) of Dubai. It says that the most populous city within the UAE is holding a workshop on Nov. 20 to discuss the present and future legislative policies and legal frameworks for Bitcoin.
https://cointelegraph.com/news/canadian-government-moving-faster-towards-mainstream-bitcoin-adoption
If 2017 is not going to be "the year of Bitcoin" then I don't know which year would be.
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