Thank you for all your input people - brilliant. Thank you.
Personally, I don't see it having that much of an impact other than keeping the bitcoin price within a range of 10-12k usd (right now) which is good for the rest of the eco system as a whole.
Topic: Regulation / g20 / price (Read 290 times)
They don't have, i am wondering how complex system they will need to keep an eye on the activities and trades of each and every trader.
Obviously they will need a special department for this purpose that will collect as well as analyze the data of each trader, and in fact this process will take a long time to implement because it seems too difficult.
Obviously they will need a special department for this purpose that will collect as well as analyze the data of each trader, and in fact this process will take a long time to implement because it seems too difficult.
There is another, easier way for them. In fact, they don't need to create any specialized departments at all. As Steven Munchin, the secretary of the US Treasury, recently said, they are going to oblige exchanges as well as online wallets to fully identify their clients just like regular banks do. This essentially means everything will be done by these operations themselves. Apart from that, they can also send all the data about trading to tax authorities, and the latter will deal with those who are looking for tax evasion.
It seems that you don't fully understand how modern tax systems work in practice. You assume that they are going to check every trade you made and then calculate how much you should pay, huh? But it doesn't work like this. It is your obligation to calculate the amount you should pay. And then they can check your numbers if they want. They don't need to check everyone. They may check just a few and whoever is cheating, they will go after him and punish him to teach everyone else a lesson.
They don't have, i am wondering how complex system they will need to keep an eye on the activities and trades of each and every trader.
Obviously they will need a special department for this purpose that will collect as well as analyze the data of each trader, and in fact this process will take a long time to implement because it seems too difficult.
Obviously they will need a special department for this purpose that will collect as well as analyze the data of each trader, and in fact this process will take a long time to implement because it seems too difficult.
There is another, easier way for them. In fact, they don't need to create any specialized departments at all. As Steven Munchin, the secretary of the US Treasury, recently said, they are going to oblige exchanges as well as online wallets to fully identify their clients just like regular banks do. This essentially means everything will be done by these operations themselves. Apart from that, they can also send all the data about trading to tax authorities, and the latter will deal with those who are looking for tax evasion.
And one more thing they can impose rules on exchanges for data collection and verification but to do same with decentralized wallets is too difficult.
German and French finance ministers to make cryptocurrency/bitcoin reglation proposal at upcoming G20 summit 20th March 2018.
How much of an impact do you think this will have on the crypto market? How do you thik it eill affect the price of bitcoin/crypto? Personally, i think while regulaton will harness or 'tame' the price volatility of btc this increased stability Will attract institutional investment. The question i have what is the true price of btc post regulation? Your thoughts are welcome.
Thank you.
How much of an impact do you think this will have on the crypto market? How do you thik it eill affect the price of bitcoin/crypto? Personally, i think while regulaton will harness or 'tame' the price volatility of btc this increased stability Will attract institutional investment. The question i have what is the true price of btc post regulation? Your thoughts are welcome.
Thank you.
Still 50/50. Can go either way. And I don't think that other countries will put this on their government's priority list. Each country have early a governing body to tackles all thing digital, thus can have their own regulation separate from what Germany And France would propose.
I can't say what will be the price of bitcoin post regulation (if there will would be one). G20 summit countries have government that is pro crypto like Japan and Australia.My speculation is that it will have little effect on us.
Misconception is bad, accept it or not but soon all the countries of the world are going to restrict the cryptos in the name of regulations, they were trying to do so since a long time but they didn't find any proper way to start. Their main aim is to link the banking system with rypto exchanges so that they can have access to view all the transactions, i don't know how they will do because it seems too difficult but they are trying.
But do they have a lot of options? The governments could make exchanges demand proper identification of their clients like what the Korean government is going to do anyway, and what will such regulation change? We don't know for certain what is on their minds, and if they want to limit the expansion of crypto in one way or another, which seems to be a plausible assumption, this obviously won't suffice. They should employ something more restrictive than regular KYC and AML policies, which are already in place at many European and American exchanges.
They don't have, i am wondering how complex system they will need to keep an eye on the activities and trades of each and every trader.
Obviously they will need a special department for this purpose that will collect as well as analyze the data of each trader, and in fact this process will take a long time to implement because it seems too difficult.
There is another, easier way for them. In fact, they don't need to create any specialized departments at all. As Steven Munchin, the secretary of the US Treasury, recently said, they are going to oblige exchanges as well as online wallets to fully identify their clients just like regular banks do. This essentially means everything will be done by these operations themselves. Apart from that, they can also send all the data about trading to tax authorities, and the latter will deal with those who are looking for tax evasion.
German and French finance ministers to make cryptocurrency/bitcoin reglation proposal at upcoming G20 summit 20th March 2018.
How much of an impact do you think this will have on the crypto market? How do you thik it eill affect the price of bitcoin/crypto? Personally, i think while regulaton will harness or 'tame' the price volatility of btc this increased stability Will attract institutional investment. The question i have what is the true price of btc post regulation? Your thoughts are welcome.
Thank you.
How much of an impact do you think this will have on the crypto market? How do you thik it eill affect the price of bitcoin/crypto? Personally, i think while regulaton will harness or 'tame' the price volatility of btc this increased stability Will attract institutional investment. The question i have what is the true price of btc post regulation? Your thoughts are welcome.
Thank you.
Still 50/50. Can go either way. And I don't think that other countries will put this on their government's priority list. Each country have early a governing body to tackles all thing digital, thus can have their own regulation separate from what Germany And France would propose.
I can't say what will be the price of bitcoin post regulation (if there will would be one). G20 summit countries have government that is pro crypto like Japan and Australia.My speculation is that it will have little effect on us.
Misconception is bad, accept it or not but soon all the countries of the world are going to restrict the cryptos in the name of regulations, they were trying to do so since a long time but they didn't find any proper way to start. Their main aim is to link the banking system with rypto exchanges so that they can have access to view all the transactions, i don't know how they will do because it seems too difficult but they are trying.
But do they have a lot of options? The governments could make exchanges demand proper identification of their clients like what the Korean government is going to do anyway, and what will such regulation change? We don't know for certain what is on their minds, and if they want to limit the expansion of crypto in one way or another, which seems to be a plausible assumption, this obviously won't suffice. They should employ something more restrictive than regular KYC and AML policies, which are already in place at many European and American exchanges.
They don't have, i am wondering how complex system they will need to keep an eye on the activities and trades of each and every trader.
Obviously they will need a special department for this purpose that will collect as well as analyze the data of each trader, and in fact this process will take a long time to implement because it seems too difficult.
Do they agree on what to do? France and Germany are quite often partners, but some other times there aren't. There are no done deals in international regulations. A few countries like South Korea is going forward on cryptocurrencies regulation, but I doubt there could be many countries agreeing on a shared regulation. It would take years before anything becomes law...
German and French finance ministers to make cryptocurrency/bitcoin reglation proposal at upcoming G20 summit 20th March 2018.
How much of an impact do you think this will have on the crypto market? How do you thik it eill affect the price of bitcoin/crypto? Personally, i think while regulaton will harness or 'tame' the price volatility of btc this increased stability Will attract institutional investment. The question i have what is the true price of btc post regulation? Your thoughts are welcome.
Thank you.
How much of an impact do you think this will have on the crypto market? How do you thik it eill affect the price of bitcoin/crypto? Personally, i think while regulaton will harness or 'tame' the price volatility of btc this increased stability Will attract institutional investment. The question i have what is the true price of btc post regulation? Your thoughts are welcome.
Thank you.
Still 50/50. Can go either way. And I don't think that other countries will put this on their government's priority list. Each country have early a governing body to tackles all thing digital, thus can have their own regulation separate from what Germany And France would propose.
I can't say what will be the price of bitcoin post regulation (if there will would be one). G20 summit countries have government that is pro crypto like Japan and Australia.My speculation is that it will have little effect on us.
Misconception is bad, accept it or not but soon all the countries of the world are going to restrict the cryptos in the name of regulations, they were trying to do so since a long time but they didn't find any proper way to start. Their main aim is to link the banking system with rypto exchanges so that they can have access to view all the transactions, i don't know how they will do because it seems too difficult but they are trying.
But do they have a lot of options? The governments could make exchanges demand proper identification of their clients like what the Korean government is going to do anyway, and what will such regulation change? We don't know for certain what is on their minds, and if they want to limit the expansion of crypto in one way or another, which seems to be a plausible assumption, this obviously won't suffice. They should employ something more restrictive than regular KYC and AML policies, which are already in place at many European and American exchanges.
German and French finance ministers to make cryptocurrency/bitcoin reglation proposal at upcoming G20 summit 20th March 2018.
How much of an impact do you think this will have on the crypto market? How do you thik it eill affect the price of bitcoin/crypto? Personally, i think while regulaton will harness or 'tame' the price volatility of btc this increased stability Will attract institutional investment. The question i have what is the true price of btc post regulation? Your thoughts are welcome.
Thank you.
How much of an impact do you think this will have on the crypto market? How do you thik it eill affect the price of bitcoin/crypto? Personally, i think while regulaton will harness or 'tame' the price volatility of btc this increased stability Will attract institutional investment. The question i have what is the true price of btc post regulation? Your thoughts are welcome.
Thank you.
Still 50/50. Can go either way. And I don't think that other countries will put this on their government's priority list. Each country have early a governing body to tackles all thing digital, thus can have their own regulation separate from what Germany And France would propose.
I can't say what will be the price of bitcoin post regulation (if there will would be one). G20 summit countries have government that is pro crypto like Japan and Australia.My speculation is that it will have little effect on us.
Misconception is bad, accept it or not but soon all the countries of the world are going to restrict the cryptos in the name of regulations, they were trying to do so since a long time but they didn't find any proper way to start. Their main aim is to link the banking system with rypto exchanges so that they can have access to view all the transactions, i don't know how they will do because it seems too difficult but they are trying.
German and French finance ministers to make cryptocurrency/bitcoin reglation proposal at upcoming G20 summit 20th March 2018.
How much of an impact do you think this will have on the crypto market? How do you thik it eill affect the price of bitcoin/crypto? Personally, i think while regulaton will harness or 'tame' the price volatility of btc this increased stability Will attract institutional investment. The question i have what is the true price of btc post regulation? Your thoughts are welcome.
Thank you.
How much of an impact do you think this will have on the crypto market? How do you thik it eill affect the price of bitcoin/crypto? Personally, i think while regulaton will harness or 'tame' the price volatility of btc this increased stability Will attract institutional investment. The question i have what is the true price of btc post regulation? Your thoughts are welcome.
Thank you.
Still 50/50. Can go either way. And I don't think that other countries will put this on their government's priority list. Each country have early a governing body to tackles all thing digital, thus can have their own regulation separate from what Germany And France would propose.
I can't say what will be the price of bitcoin post regulation (if there will would be one). G20 summit countries have government that is pro crypto like Japan and Australia.My speculation is that it will have little effect on us.
German and French finance ministers to make cryptocurrency/bitcoin regulation proposal at upcoming G20 summit 20th March 2018.
How much of an impact do you think this will have on the crypto market? How do you thik it eill affect the price of bitcoin/crypto? Personally, i think while regulation will harness or 'tame' the price volatility of btc this increased stability Will attract institutional investment. The question i have what is the true price of btc post regulation? Your thoughts are welcome. Thank you.
How much of an impact do you think this will have on the crypto market? How do you thik it eill affect the price of bitcoin/crypto? Personally, i think while regulation will harness or 'tame' the price volatility of btc this increased stability Will attract institutional investment. The question i have what is the true price of btc post regulation? Your thoughts are welcome. Thank you.
Sooner or later we would see cryptocurrency to be fully regulated in Europe just like any other investment vehicle and personally this is a better option compared to what China did last year. Regulations should be welcome and those people in cryptocurrency must participate in crafting the regulatory sandbox...the government must include them and must consult with people who are knowledgeable enough with this new industry and not just listen to those who are anti-Bitcoin for baseless reasons. I understand that in Germany and France there is a brewing interest with cryptocurrency. I have already seen some ICO projects coming in from Germany and we might hear some from France soon. Regulation is not bad at all as long as it is balanced and not titled against the thing being regulated.
Things may change if they agree at a global level how to regulate Bitcoin. If there is a unanimous decision between major countries like US, EU, Russia, and China, things may quickly turn from bad to worse for Bitcoin as well as other cryptocurrencies. And it won't help even if Bitcoin is designed to be anonymous, decentralized, P2P payment system since these powers can impose their rule on virtually any country excluding only a few ones like Iran or North Korea. But the latter are utterly irrelevant in the cryptozone.
German and French finance ministers to make cryptocurrency/bitcoin regulation proposal at upcoming G20 summit 20th March 2018.
How much of an impact do you think this will have on the crypto market? How do you thik it eill affect the price of bitcoin/crypto? Personally, i think while regulation will harness or 'tame' the price volatility of btc this increased stability Will attract institutional investment. The question i have what is the true price of btc post regulation? Your thoughts are welcome. Thank you.
How much of an impact do you think this will have on the crypto market? How do you thik it eill affect the price of bitcoin/crypto? Personally, i think while regulation will harness or 'tame' the price volatility of btc this increased stability Will attract institutional investment. The question i have what is the true price of btc post regulation? Your thoughts are welcome. Thank you.
Sooner or later we would see cryptocurrency to be fully regulated in Europe just like any other investment vehicle and personally this is a better option compared to what China did last year. Regulations should be welcome and those people in cryptocurrency must participate in crafting the regulatory sandbox...the government must include them and must consult with people who are knowledgeable enough with this new industry and not just listen to those who are anti-Bitcoin for baseless reasons. I understand that in Germany and France there is a brewing interest with cryptocurrency. I have already seen some ICO projects coming in from Germany and we might hear some from France soon. Regulation is not bad at all as long as it is balanced and not titled against the thing being regulated.
Things may change if they agree at a global level how to regulate Bitcoin. If there is a unanimous decision between major countries like US, EU, Russia, and China, things may quickly turn from bad to worse for Bitcoin as well as other cryptocurrencies. And it won't help even if Bitcoin is designed to be anonymous, decentralized, P2P payment system since these powers can impose their rule on virtually any country excluding only a few ones like Iran or North Korea. But the latter are utterly irrelevant in the cryptozone.
German and French finance ministers to make cryptocurrency/bitcoin regulation proposal at upcoming G20 summit 20th March 2018.
How much of an impact do you think this will have on the crypto market? How do you thik it eill affect the price of bitcoin/crypto? Personally, i think while regulation will harness or 'tame' the price volatility of btc this increased stability Will attract institutional investment. The question i have what is the true price of btc post regulation? Your thoughts are welcome. Thank you.
How much of an impact do you think this will have on the crypto market? How do you thik it eill affect the price of bitcoin/crypto? Personally, i think while regulation will harness or 'tame' the price volatility of btc this increased stability Will attract institutional investment. The question i have what is the true price of btc post regulation? Your thoughts are welcome. Thank you.
Sooner or later we would see cryptocurrency to be fully regulated in Europe just like any other investment vehicle and personally this is a better option compared to what China did last year. Regulations should be welcome and those people in cryptocurrency must participate in crafting the regulatory sandbox...the government must include them and must consult with people who are knowledgeable enough with this new industry and not just listen to those who are anti-Bitcoin for baseless reasons. I understand that in Germany and France there is a brewing interest with cryptocurrency. I have already seen some ICO projects coming in from Germany and we might hear some from France soon. Regulation is not bad at all as long as it is balanced and not titled against the thing being regulated.
German and French finance ministers to make cryptocurrency/bitcoin regulation proposal at upcoming G20 summit 20th March 2018.
How much of an impact do you think this will have on the crypto market? How do you thik it eill affect the price of bitcoin/crypto? Personally, i think while regulation will harness or 'tame' the price volatility of btc this increased stability Will attract institutional investment. The question i have what is the true price of btc post regulation? Your thoughts are welcome. Thank you.
How much of an impact do you think this will have on the crypto market? How do you thik it eill affect the price of bitcoin/crypto? Personally, i think while regulation will harness or 'tame' the price volatility of btc this increased stability Will attract institutional investment. The question i have what is the true price of btc post regulation? Your thoughts are welcome. Thank you.
Sooner or later we would see cryptocurrency to be fully regulated in Europe just like any other investment vehicle and personally this is a better option compared to what China did last year. Regulations should be welcome and those people in cryptocurrency must participate in crafting the regulatory sandbox...the government must include them and must consult with people who are knowledgeable enough with this new industry and not just listen to those who are anti-Bitcoin for baseless reasons. I understand that in Germany and France there is a brewing interest with cryptocurrency. I have already seen some ICO projects coming in from Germany and we might hear some from France soon. Regulation is not bad at all as long as it is balanced and not titled against the thing being regulated.
Regulation doesn't necessarily have to be a bad thing. I don't know about France, but Germany has done good work so far providing a legal framework for Bitcoin related businesses to operate in. If the result of such talks is a better, border-crossing legal framework for putting the Bitcoin economy on more solid legal footing, all the better.
However I'm pretty sure that any speculation is moot due to this:
However I'm pretty sure that any speculation is moot due to this:
[...] the G20 has more urgent problems...
Don't expect much. At this time, there's only the proposal to talk about making a regulation... And the G20 has more urgent problems...
Let's all hope that they won't come to any definitive agreement whatever type of regulation they might aim at or have in mind. I don't feel like it will bode well for crypto no matter what they will be able to agree upon. The longer they have talks about this matter, the more time we will have to move on from heavily centralized proof-of-work cryptocurrencies to really decentralized proof-of-stake ones with no single points of failure like exchanges, mining operations, and similar things.
Don't expect much. At this time, there's only the proposal to talk about making a regulation... And the G20 has more urgent problems...
German and French finance ministers to make cryptocurrency/bitcoin reglation proposal at upcoming G20 summit 20th March 2018.
How much of an impact do you think this will have on the crypto market? How do you thik it eill affect the price of bitcoin/crypto? Personally, i think while regulaton will harness or 'tame' the price volatility of btc this increased stability Will attract institutional investment. The question i have what is the true price of btc post regulation? Your thoughts are welcome.
Thank you.
How much of an impact do you think this will have on the crypto market? How do you thik it eill affect the price of bitcoin/crypto? Personally, i think while regulaton will harness or 'tame' the price volatility of btc this increased stability Will attract institutional investment. The question i have what is the true price of btc post regulation? Your thoughts are welcome.
Thank you.
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