Regulating Cryptocurrencies" | Bitcointalksearch.org

ufalo3

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Quote from: CBESH on January 29, 2018, 12:09:31 AM

What would all this regulation do to the price of Crypto?

When south korea regulated the price crashed... Cry

Really MANY Russians deal with cryptocurrency. If crypto is regulated in this country it might really affect the prices of many altcoins and BTC as well. Mining there will be also controlled, and some of guys will be ready to get rid of their coins. Thus, when this law is taken, the market can have a great but temporary fall.

cryptopuma

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Quote from: jomz312 on January 28, 2018, 10:38:05 PM

Great news,A new law in Russia has been proposed which is aiming to regulate and control the production of cryptocurrencies and digital assets in financial sectors.
The newly proposed legal framework would properly define regulatory requirements for cryptocurrencies, ICO's mining and traiding. The law was also proposed in order to curb or stop illicit and illegal activities that might be contracted with cryptocurrencies.

http://bitcoinist.com/russia-plans-to-regulate-production-and-control-of-cryptocurrencies/

And how is this a good news?all of the cryptocurrency related activities would be regulated?are you serious so this js a good news for you?a lot of countries are taking action against cryprocurrency ans you are still happy?for christ sake our community might collapse if these countries will do a lot of regulations to crypto like they did in fiat currency.

Machine Funk

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How is this good news? The point of crypto is to be unregulated and decentralized and outside of the governments control. People here are sayings it is a good thing, I don't think you understand. Regulation means control. So you all saying you want the goverment in control. Crypto is a tool of liberation how is government control going to help? These so-called illegal activities? Such as what? Buying drugs? SOunds like they just making excuses to control things.

Quote from: Nikobitkoint54097 on January 30, 2018, 11:09:58 PM

If you look at the example of the Regulating crypto system in other countries, nothing positive for investors has come of it! In this regard, only the cost of all coins has decreased! I think in the Russian Federation nothing positive from this, either, is worth waiting for!

Exactly!

Nikobitkoint54097

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If you look at the example of the Regulating crypto system in other countries, nothing positive for investors has come of it! In this regard, only the cost of all coins has decreased! I think in the Russian Federation nothing positive from this, either, is worth waiting for!

Kamal0028

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Regulating crypto system is very important,but this should not be lagged.every country should come forward making their own constructive laws and make cryptocurrency officially legal.if this is neglected in 2018 and these rumors continue to stay,our money is in stake Sad

Joyjit

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Every country should follow the regulatory steps that Russia has taken. It should be taken as a positive sign as governments are actually seeing cryptocurrency as a potential digital assent or currency. New ICOs will come compliant to the international regulations which will attract more investors. Now new and old investors will both join the ICOs and make even bigger ICOs.

darkr

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Quote from: jomz312 on January 28, 2018, 10:38:05 PM

Great news,A new law in Russia has been proposed which is aiming to regulate and control the production of cryptocurrencies and digital assets in financial sectors.
The newly proposed legal framework would properly define regulatory requirements for cryptocurrencies, ICO's mining and traiding. The law was also proposed in order to curb or stop illicit and illegal activities that might be contracted with cryptocurrencies.

http://bitcoinist.com/russia-plans-to-regulate-production-and-control-of-cryptocurrencies/

With these rules and with its crypto ruble (when it appears) Russia can start many blockchain projects officially, and this news is good only for big dealers that want to raise their business. However, most of people dealing with virtual currency do not feel happy through this information.

Lang09

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Do Russia want to control cryptocurrency in their country? That's not a good news, because many Bitcoin investors will be affected. As a matter of fact, it would be better for us than forbidding the cryptocurrency in their country, the greater the impact it will be if it happens.

mia khalifa

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Quote from: jomz312 on January 28, 2018, 10:38:05 PM

Great news,A new law in Russia has been proposed which is aiming to regulate and control the production of cryptocurrencies and digital assets in financial sectors.
The newly proposed legal framework would properly define regulatory requirements for cryptocurrencies, ICO's mining and traiding. The law was also proposed in order to curb or stop illicit and illegal activities that might be contracted with cryptocurrencies.

http://bitcoinist.com/russia-plans-to-regulate-production-and-control-of-cryptocurrencies/

that means Russia will develop more deeply about digital currency and hopefully this will trigger the rise of digital currency price not just bitcoin but also other altcoin like ETH and others.

Nikobitkoint54097

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Quote from: crimsongoth on January 29, 2018, 09:17:15 AM

It's a real good news. If this news is approved and seen in the mainstream media, It will have a very positive effect on bitcoin and altcoins

What are you talking about!? There will be no positive impact on the crypto currency! The whole idea and popularity of bitcoin was in anonymous character and decentralization! And if regulation begins, will its advantages remain actual!? Probably not!

frost_wind

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Yea , we know the way how this regulations will work in Russia . The regulating rules they offer is much more tighter then , for example in Japan or Belarus . Essentially , if those rules would be accepted , Russia will remain on the sidelines of the world's crypto revolution .

KingScorpio

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Quote from: jomz312 on January 28, 2018, 10:38:05 PM

Great news,A new law in Russia has been proposed which is aiming to regulate and control the production of cryptocurrencies and digital assets in financial sectors.
The newly proposed legal framework would properly define regulatory requirements for cryptocurrencies, ICO's mining and traiding. The law was also proposed in order to curb or stop illicit and illegal activities that might be contracted with cryptocurrencies.

http://bitcoinist.com/russia-plans-to-regulate-production-and-control-of-cryptocurrencies/

whats going to be the use of those laws, these countries have an overblown financial sektor an aging police, people will try to get rid of all of those.

law is meaningless and just created to protect the decadent rusian financial elites that orders the construction of private superyachts with at least 8 swimming pools inside.

these elites corrupt and suck via russias financial system and live like a burden on all they want to continue doing that, and have now created that law, or corrpted the payment channels,

not to mention the construction of the gay financial towers in moscow. london new york frankfurt

these are also going to dissapear....

Babyjamz3026

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There are some countries in the entire world now, which crypto currency was being regulated like Japan, China, Korea, and India. And I think this was happening because of the trend of digital or virtual currency I think. But I m not sure if once if becomes regulate it means its centralize. Huh

lobo13hf

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Quote from: Kezio on January 29, 2018, 05:30:37 PM

Doesn't regulation mean it will become centralized? I thought the whole point of crypto was for the user to have control over his own transactions without having to use a intermediary such as a bank. Surely the governmental regulation will go through a bank.

The regulation can only be applied to the centralized exchange site of crypto because basically the funds stored in the one place just like a hot wallet that has been managing by the exchange team itself.
Crypto is decentralized caused by they are using a lot of nodes to run the network and validate the transaction.

The regulation will give an impact to the exchange site but i can't say if that will be giving a lot of impact to the personal holders or traders directly.

The government needs more and more money through give the taxes to the crypto.

7788bitcoin

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Quote from: semobo on January 28, 2018, 10:43:28 PM

Actually most of the countries are accepting the bitcoin nowadays but the problem is they are trying to regulate a decentralized technology.
But it is a good thing too,which stops the cryotocurrency usage by terrorist or illegal activists but the con is we have to pay the taxes for using cryotocurrency.
Not yet regulated they are just planning to do,hope to get a good news from Russian ministry.

If you are making money with crypto currency then definitely you have to pay your taxes even now,if not you will be forced to pay with a fine for the income you have made through online,it is simple as that,the government is not trying to regulate bitcoin but they are trying to regulate the flow of fiat money in and out of it.

Kezio

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Doesn't regulation mean it will become centralized? I thought the whole point of crypto was for the user to have control over his own transactions without having to use a intermediary such as a bank. Surely the governmental regulation will go through a bank.

Bytem3

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Regulations are needed for cryptocurrency to go to the next level. They will contribute to a healthy growth.

South Korea just installed new regulations to prevent speculative trading and criminal activity (money laundering and tax evasion):
https://coincodex.com/article/1226/the-end-of-anonymous-bitcoin-trading-in-south-korea/

faceoff97

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Quote from: jomz312 on January 28, 2018, 10:38:05 PM

Great news,A new law in Russia has been proposed which is aiming to regulate and control the production of cryptocurrencies and digital assets in financial sectors.
The newly proposed legal framework would properly define regulatory requirements for cryptocurrencies, ICO's mining and traiding. The law was also proposed in order to curb or stop illicit and illegal activities that might be contracted with cryptocurrencies.

http://bitcoinist.com/russia-plans-to-regulate-production-and-control-of-cryptocurrencies/

This has to really be done, the production of cryptocurrencies are already out of control. There is no denying that more scamming is occuring and regulation is a need now. If this would really happen, it will surely filter those project which are legit nd really has realistic technology.

Regulation may actually help to make bitcoin become secured and established. This would also attract greater number of people because of assurance from the government.

Shenzou

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Quote from: jomz312 on January 28, 2018, 10:38:05 PM

Great news,A new law in Russia has been proposed which is aiming to regulate and control the production of cryptocurrencies and digital assets in financial sectors.
The newly proposed legal framework would properly define regulatory requirements for cryptocurrencies, ICO's mining and traiding. The law was also proposed in order to curb or stop illicit and illegal activities that might be contracted with cryptocurrencies.

http://bitcoinist.com/russia-plans-to-regulate-production-and-control-of-cryptocurrencies/

Cryptocurrency is not somthing tha can be easily regulated or controlled, the anonyms nature and the decentreliaztion, makes it impossible or very hard for govermments to actaully track or monitor the transactions, the ICO regulation might get applied but only for the founders and the company itself but not for the actual users, the only way i can see cryptocurrency getting regulated is if govermment actaully leagalized it first, that way users can actaully use it without trying to hide their identites and they will start paying taxes for exchanges made by the govermments it self because it will be more convenient.

entr

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While ipo's heavliy regulating, ico's can be maintained without regulations. It obvious that it will now last forever. Hope this regulations help us to create more valuable cryptocurrency world.

Topic: Regulating Cryptocurrencies" (Read 402 times)