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Topic: regulation and legalization of cryptocurrency - page 11. (Read 1423 times)

jr. member
Activity: 149
Merit: 3
well i think it just okey! if the govertment is involve we could assure that project are mostly legit... if govertment is into the cryptocurrency it would be great to protect us from any malicious people doing evil on this kind of system.
member
Activity: 279
Merit: 16
It is not all too surprising that Thailand is accepting cryptocurrency to help with their economy. I say that because Thailand is accepting of most things. But it is great for their country because it may also increase the numbers of their visitors and help boost their economy if people are looking to purchase with their coins.
member
Activity: 434
Merit: 10
There 7 cryptocurrency that are legal in thailand , its Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Ripple, Litecoin, and Stellar. They also regulate the ICO. Now ICO can't be traded with fiat anymore and there is a fee for license.

http://www.livebitcoinnews.com/thai-sec-confirms-ico-tokens-will-not-be-traded-against-fiat-currencies/

What do you think about this regulations? I think its fair enough and i do think in few months 7 of this coin value could be increasing if more country has the similar regulations such as thailand.



I can't imagine why those coins aren't tradable anymore. Thus, such regulations making a way into having centralization of that certain coin in their countries which is not good. It surely people won't be happy such results, hope it could be change and other countries wont make such steps also. It is better no to regulated if only if that will be the outcome.
member
Activity: 176
Merit: 10
There 7 cryptocurrency that are legal in thailand , its Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Ripple, Litecoin, and Stellar. They also regulate the ICO. Now ICO can't be traded with fiat anymore and there is a fee for license.

http://www.livebitcoinnews.com/thai-sec-confirms-ico-tokens-will-not-be-traded-against-fiat-currencies/

What do you think about this regulations? I think its fair enough and i do think in few months 7 of this coin value could be increasing if more country has the similar regulations such as thailand.


This is fair enough, and also this is wiser, than just to forbid Bitcoin along with all other cryptocurrencies, as some countries have already done... This country understands, that Crypto can be positive and beneficial for them!
legendary
Activity: 1582
Merit: 1059
Well I actually think regulation is important, but I guess that not allowing ICOs to be traded with fiat is probably far reaching. Of course that the majority of scams come from ICOs, so I kind of understand what they want to do, but I'm sure there could be easier ways to protect it's citizens and at the same time, to allow for decent ICOs to get their necessary funding.
hero member
Activity: 868
Merit: 500
Without a doubt, if the cryptocurrencies start to be regulated by the state, this will only affect them in a positive way in the future. First of all, it will create the basic for use of cryptocurrencies instead of fiat money, and in the second the media will begin to fully reveal the advantages of cryptocurrencies, which in turn will increase the demand for them hundreds of times.
member
Activity: 154
Merit: 10
Ethreum expects very big innovations in the coming months. EOS will soon have the first public release - in a year it will be the most popular blockbuster platform. The jumps in the bitcoin course are rather manipulation with the aim of cashing in on those who bought them for twenty thousand and now in fear merges into six
full member
Activity: 350
Merit: 100
There 7 cryptocurrency that are legal in thailand , its Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Ripple, Litecoin, and Stellar. They also regulate the ICO. Now ICO can't be traded with fiat anymore and there is a fee for license.

http://www.livebitcoinnews.com/thai-sec-confirms-ico-tokens-will-not-be-traded-against-fiat-currencies/

What do you think about this regulations? I think its fair enough and i do think in few months 7 of this coin value could be increasing if more country has the similar regulations such as thailand.



Bitcoin and other cryptocurrency or tokens are hopefully be legal in Philippines cause here in Philippines many ofpeople us depending on cryptocurrency or bitcoin. Alt coins and blockchain technology. This is our last hope so we will all do anything to this dream came true. Someday Philippines wiill became a free country like united states of America.
member
Activity: 490
Merit: 17
I think cryptocurrencies market should be regulated and legalized because of the higher scamming level going on.  Many people have looses a fortune and by now we know that most of the icos are scams projects and the teams I not doing much to help investors but to run away with they investments.
full member
Activity: 378
Merit: 100
I LOVE ADABS
There 7 cryptocurrency that are legal in thailand , its Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Ripple, Litecoin, and Stellar. They also regulate the ICO. Now ICO can't be traded with fiat anymore and there is a fee for license.

http://www.livebitcoinnews.com/thai-sec-confirms-ico-tokens-will-not-be-traded-against-fiat-currencies/

What do you think about this regulations? I think its fair enough and i do think in few months 7 of this coin value could be increasing if more country has the similar regulations such as thailand.




The regulation is very bad, there is no reason for you to invest on cryptocurrency if that rule will be implied forever, cryptocurrency are meant to use by different people in order for them to become very wealthy in the future by just investing and thailand should let their people to exchange cryptocurrency for cash.
newbie
Activity: 114
Merit: 0
This is a nice and good breakthrough for crypto. Where it takes its regulation to regulate crypto in a government or in a certain country. This will enable crypto to grow even if it is governed by a rule made by a country.
newbie
Activity: 62
Merit: 0
There 7 cryptocurrency that are legal in thailand , its Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Ripple, Litecoin, and Stellar. They also regulate the ICO. Now ICO can't be traded with fiat anymore and there is a fee for license.

http://www.livebitcoinnews.com/thai-sec-confirms-ico-tokens-will-not-be-traded-against-fiat-currencies/

What do you think about this regulations? I think its fair enough and i do think in few months 7 of this coin value could be increasing if more country has the similar regulations such as thailand.




Got the news as above, I do feel like moving to the country and free to use crypto to make various payments. The more countries that accept and legalize crypto it will be the better for the future and the increase in the price of crypto. But, why are there still many countries that do not think the same as Thailand? whether they do not see the potential of crypto for the advancement of the state whereas those countries will benefit greatly by accepting crypto as another option of payment method other than fiat currency.
hero member
Activity: 1806
Merit: 672
I think this is there way of avoiding money laundering schemes of their tax payers. Simply avoiding direct ICO sales from their own fiat currency will force their traders to use the allowed cryptocurrencies in their country. Another thing that I favor on what their doing is screening the  cryptocurrencies first before letting it be traded in their market. Unlike what other countries are doing right now where they are removing certain anonymity centered cryptos such as Monero and Zcash, this is what is happening to South Korea where they ordered their exchanges to pull out this coins from their platform.
member
Activity: 280
Merit: 10
Already these arrangements are bitcoin evolutions that will return to life. Otherwise, the situation we are already in is getting worse, and if we do not hear good news, we get lost in the market.
hero member
Activity: 966
Merit: 501
Legalization of the cryptos is a good step for the coins to head towards being a mainstream currency. This will allow the coins to get more widely accepted in the financial market. However, regulation of the cryptos will lead to a bad impact as the coins are famous for their decentralised nature and the fact that they are flexible and not bound to any rules and regulations by any currency. This makes the coin corruption free and also reduce an individual's dependance on banks.
jr. member
Activity: 210
Merit: 1
dApps Development Automation Platform
If the government decided to support these cryptocurrencies, even if it's a small country chances are it will be highly demanded in the market.

Although I get the sentiments of some users as it defeats the purpose of crypto's of having no central body.

No government yet has openly regulated crypto's, so we can't have basis of comparison if it should be regulated or not.
sr. member
Activity: 1736
Merit: 357
Peace be with you!
There 7 cryptocurrency that are legal in thailand , its Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Ripple, Litecoin, and Stellar. They also regulate the ICO. Now ICO can't be traded with fiat anymore and there is a fee for license.

http://www.livebitcoinnews.com/thai-sec-confirms-ico-tokens-will-not-be-traded-against-fiat-currencies/

What do you think about this regulations? I think its fair enough and i do think in few months 7 of this coin value could be increasing if more country has the similar regulations such as thailand.



Regulations of ICO's is pretty fair between investors and the team. It is because of the fact that safety in this cryptocurrency industry is the most important part for us. As a bounty hunter or an investor we cannot assure that our money, time and effort poured in a specific project is safe or worth it. There are a lot of projects that turns out to be a scam which leaves bounty hunters unpaid and investors loss their money. Yeah I agree that there is a possibility that prices of those coins might go up in the coming months if other countries will be adopting what had Thailand did.
full member
Activity: 532
Merit: 101
woww, only 7 coins are traded ?? means there are not many options there, I am very confident that only 7 coins will be worth the coin coins will increase, and hopefully other countries can enforce the same thing as done in Thailand, so coins will always be increased, not even a decline
Its still new regulation and i do think it will developing as time goes by.
if a country only limit 7 coins only, then the value of the coin will surely rise, but if only 7 coins in legalkan, how about the other coin? with these restrictions will instead create a lack of innovation and creativity, going forward because of restrictions on restrictions it will create a setback and saturation because there are only 7 such coins

The never ending issue of Regulation on crypto currency, well, its a good news that some crypto currency was accepted  in Thailand, it just show that the future of crypto currency is getting more visible in the market treed. the growing acceptance of crypto currency in the trading market indicate that people or business traders already embraced the that Bitcoin  and other crypto will be in the future use. Yes, some issue on regulation still hanged in the hand of financial institution by the government.
Hehe we cannot blame them for that, but to think that they are already making their move into accepting crypto is not a bad idea, although i have some bad feelings towards this actions but still it is a stepping stone for crypto to advance to the future.
I do think regulation could bring good things and bad things to cryptocurrency at the same time. Good thing it might make investing in crypto become legal and it will attract more investors in and the bad things is it would make investing in crypto become much harder. For example in south korea i read a news about cash out the cryptocurrency into fiat is really hard. here the news : https://news.bitcoin.com/south-korea-cash-out-state-owned-cryptocurrency/
i think the regulation does not make it difficult, but it is constrained by the regulations that are made. provided that according to the procedure I think it will be easier to transact. and this will reduce the scam ico to make investors feel safe
full member
Activity: 728
Merit: 101
The Standard Protocol - Solving Inflation
woww, only 7 coins are traded ?? means there are not many options there, I am very confident that only 7 coins will be worth the coin coins will increase, and hopefully other countries can enforce the same thing as done in Thailand, so coins will always be increased, not even a decline
Its still new regulation and i do think it will developing as time goes by.
if a country only limit 7 coins only, then the value of the coin will surely rise, but if only 7 coins in legalkan, how about the other coin? with these restrictions will instead create a lack of innovation and creativity, going forward because of restrictions on restrictions it will create a setback and saturation because there are only 7 such coins

The never ending issue of Regulation on crypto currency, well, its a good news that some crypto currency was accepted  in Thailand, it just show that the future of crypto currency is getting more visible in the market treed. the growing acceptance of crypto currency in the trading market indicate that people or business traders already embraced the that Bitcoin  and other crypto will be in the future use. Yes, some issue on regulation still hanged in the hand of financial institution by the government.
Hehe we cannot blame them for that, but to think that they are already making their move into accepting crypto is not a bad idea, although i have some bad feelings towards this actions but still it is a stepping stone for crypto to advance to the future.
I do think regulation could bring good things and bad things to cryptocurrency at the same time. Good thing it might make investing in crypto become legal and it will attract more investors in and the bad things is it would make investing in crypto become much harder. For example in south korea i read a news about cash out the cryptocurrency into fiat is really hard. here the news : https://news.bitcoin.com/south-korea-cash-out-state-owned-cryptocurrency/
legendary
Activity: 2562
Merit: 1441
What do you think about this regulations? I think its fair enough and i do think in few months 7 of this coin value could be increasing if more country has the similar regulations such as thailand.

I don't think this regulation is mature or completely developed.

The criteria which determines if a crypto currency is legal / illegal should be published and explicitly available to the public to create oversight and accountability in the verification process and help ensure fairness in bar to entry where crypto markets are somewhat equally open to small players as well as big ones. An example of this could be some crypto currencies paying money to be listed on exchanges. This format works "ok" for larger currencies which have more capital to burn. But is not necessarily for smaller investments which represent moreso the smaller business aspect of things.

Part of crypto's success revolves around catering to the unbanked and financially unsupported demographics. For that success and growth to continue those demographics must continue to be supported.
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