Topic: regulation n altcoins' future? (Read 182 times)
I dont have any ideas about it, but it's seems to me that crypto should stay without regulation
In a short time it will be legalized by many countries. The most important reason is that altcoin is now the main growing currency. Once big countries accept it, the rest will do the same.
Nobody shared this news about Gibraltar:
-https://www.reuters.com/article/us-gibraltar-markets-cryptocurrencies/gibraltar-moves-ahead-with-worlds-first-initial-coin-offering-rules-idUSKBN1FT1YN
I took it from Reuters. They are not the only one, you can
find this news in almost all crypto news.
Gibraltar’s government and Gibraltar Financial Services Commission
(GFSC) said lawmakers will discuss a draft law in coming weeks to regulate
the promotion, sale and distribution of tokens connected with the British
overseas territory.
I see this as a good start! Someone had to be first, why not them. They
are financial paradise anyway.
One of the key aspects of the token regulations is that we will be introducing
the concept of regulating authorized sponsors who will be responsible for assuring
compliance with disclosure and financial crime rules.
And what is important for us buyers is this part:
-The regulation will establish disclosure rules that require adequate, accurate and
balanced information to anyone buying tokens.
-https://www.reuters.com/article/us-gibraltar-markets-cryptocurrencies/gibraltar-moves-ahead-with-worlds-first-initial-coin-offering-rules-idUSKBN1FT1YN
I took it from Reuters. They are not the only one, you can
find this news in almost all crypto news.
Gibraltar’s government and Gibraltar Financial Services Commission
(GFSC) said lawmakers will discuss a draft law in coming weeks to regulate
the promotion, sale and distribution of tokens connected with the British
overseas territory.
I see this as a good start! Someone had to be first, why not them. They
are financial paradise anyway.
One of the key aspects of the token regulations is that we will be introducing
the concept of regulating authorized sponsors who will be responsible for assuring
compliance with disclosure and financial crime rules.
And what is important for us buyers is this part:
-The regulation will establish disclosure rules that require adequate, accurate and
balanced information to anyone buying tokens.
I think each gov can regulate crypto businesses in their jurisdiction and thats not a bad thing
But one gov can't easily regulate decentralised projects or bitcoin, just the use in that country but banning it is not the way forward and will backfire on the gov
But one gov can't easily regulate decentralised projects or bitcoin, just the use in that country but banning it is not the way forward and will backfire on the gov
I think so. I strongly believe that one gov can't easily regulate this market!
I believe that recently there are so many altcoins all over the world, they have their own role. In the future, people can use them in real life I think.
However, many countries try to regulate cryptocurrency market today.
Especially, some countries heavily force the market, such as a lot of taxes and shutdown exchanges.
How about effects of these regulations on altcoins' future?
It seems not that good in a short term. How about in a long term?
However, many countries try to regulate cryptocurrency market today.
Especially, some countries heavily force the market, such as a lot of taxes and shutdown exchanges.
How about effects of these regulations on altcoins' future?
It seems not that good in a short term. How about in a long term?
Today see on one news channel Japan added 55 percent taxes on altcoin trading. I do not understand that how the traders will be profitable if these much of taxes has been implemented. I wish the Japanese government to revise the tax percentage the 15 or 20 maximum.
Altcoins will be on the market but regulation needed due to security reasons to safe guard your money bro. I see some of the country already banned the ICO in every places.
the basics of understanding that the use of details with the manage of production and regulation of consumption is within field of the real governance,
as the crypto currency occupation as encompassing border with the region of states as the use with the micro and nano accounting
helps as trader to gains with the returns of work with the systematical design of framework on release of modulation from the estate of monetary finance of international capacity of building with institution as referring the contrast on consequence with the possession of goods and service on qualification.
as the crypto currency occupation as encompassing border with the region of states as the use with the micro and nano accounting
helps as trader to gains with the returns of work with the systematical design of framework on release of modulation from the estate of monetary finance of international capacity of building with institution as referring the contrast on consequence with the possession of goods and service on qualification.
The state wants to control the cryptocurrency, which was created to avoid the control of the state. Let's see how the state will do it.
I do not mind that the state controlled ICO. Now there are a lot of scammers and it would be nice to help investors secure their investments.
I do not mind that the state controlled ICO. Now there are a lot of scammers and it would be nice to help investors secure their investments.
How are they going to regulate the pumping and dumping?
Stockmarket had always been regulated but the pumping and dumping of stakes are already going on, the government can't do anything about it when someone richer like whales attempts to do it. Pumping is a regular thing to do for them, there is no law that can consider them as criminal if they do so.
I can tell you how, because my government have actually just done that Stockmarket had always been regulated but the pumping and dumping of stakes are already going on, the government can't do anything about it when someone richer like whales attempts to do it. Pumping is a regular thing to do for them, there is no law that can consider them as criminal if they do so.
They commenced that when you trade one coin for another, you have to include this transaction in your tax return declaration.
Coin that was traded, is treated as cost of transaction and the coin bought is the income. All value conversion must be timestamped according to value at the time of the trade. While cashing out to fiat all the taxation must be repeated accordingly
Now for the best part, they have no actual tools to investigate whenever you are declaring the truth
how stupid is that?We can't check but we require this and that... dead law, a dud.
However, when you are legally registered as a trader or as an exchange... above applies and have to be done, or else 75% of your profits will be confiscated. So as you can see the "professional" market is regulated, personal is as well but like I said with a dud.
Although I'm against regulation for crypto. I want the SEC and compliance gov bodies to regulate pump and dump of coins.
This is something which has to be curtailed. There was a time when I believed pumps could be beneficial but now I know, its only loss for the less crypto literate people, who get cursed in form of pumps & dump groups.
This is something which has to be curtailed. There was a time when I believed pumps could be beneficial but now I know, its only loss for the less crypto literate people, who get cursed in form of pumps & dump groups.
I believe that recently there are so many altcoins all over the world, they have their own role. In the future, people can use them in real life I think.
However, many countries try to regulate cryptocurrency market today.
Especially, some countries heavily force the market, such as a lot of taxes and shutdown exchanges.
How about effects of these regulations on altcoins' future?
It seems not that good in a short term. How about in a long term?
However, many countries try to regulate cryptocurrency market today.
Especially, some countries heavily force the market, such as a lot of taxes and shutdown exchanges.
How about effects of these regulations on altcoins' future?
It seems not that good in a short term. How about in a long term?
How are they going to regulate the pumping and dumping?
Stockmarket had always been regulated but the pumping and dumping of stakes are already going on, the government can't do anything about it when someone richer like whales attempts to do it. Pumping is a regular thing to do for them, there is no law that can consider them as criminal if they do so.
Despite crypto bans on exchange trading like in China, as long as people have access to the internet, they have access to a wallet. I'm sure people will find a way around this regulation. Perhaps through actually meeting in person to make the exchange wallet to wallet.
It definately is very much complicated, on one hand a lot of countries try to regulate the market as they could take a lions share of it, others are sceptical about the future of crypto, and then there are countries that go full on and build mining fascilities and put all the money into their country growth, its crazy world out there, we are yet to see where this takes us
The only way to regulate the altcoin market is regulation through exchanges, but I doubt that any regulator will be able to agree with all exchanges ...
I think in the long run there will be a major change, in which all societies feel the true benefits of crypto and the government will open eyes to this.
If you notice that already now governments of different countries are trying to develop all sorts of laws that will prohibit the use of certain coins, in general they will prohibit the use of crypto-currencies
So you're saying that future of crypto lays behind massive regulatory-wall? Unfortunately I got a feeling this going to be the case. Governments have huge appetite for our privacy.
Day by day some small freedoms are being taken away from us, how long before we realise that we are owned by some sort of master-race?
Its hard to call people to start mutiny, if this process is being rolled out with small steps. Eventually they will come after cryptocurrency, under some ridiculous pretext, like war on drugs or terror. Goal it to establish their own, centralized, fully controlled chains.
We should be against and we will be but what about "grey masses"? That's why broad acceptance is important. More people with wallets the less chance "they" will succeed. Protect all crypto freedoms!
Although I'm against regulation for crypto. I want the SEC and compliance gov bodies to regulate pump and dump of coins.
This is something which has to be curtailed. There was a time when I believed pumps could be beneficial but now I know, its only loss for the less crypto literate people, who get cursed in form of pumps & dump groups.
Agree. There should be a bare minimum regulation law to restrict scam ICO, or any pump and dump coin or coin try to pull an exit scheme. This is something which has to be curtailed. There was a time when I believed pumps could be beneficial but now I know, its only loss for the less crypto literate people, who get cursed in form of pumps & dump groups.
I believe that recently there are so many altcoins all over the world, they have their own role. In the future, people can use them in real life I think.
However, many countries try to regulate cryptocurrency market today.
Especially, some countries heavily force the market, such as a lot of taxes and shutdown exchanges.
How about effects of these regulations on altcoins' future?
It seems not that good in a short term. How about in a long term?
However, many countries try to regulate cryptocurrency market today.
Especially, some countries heavily force the market, such as a lot of taxes and shutdown exchanges.
How about effects of these regulations on altcoins' future?
It seems not that good in a short term. How about in a long term?
Although I'm against regulation for crypto. I want the SEC and compliance gov bodies to regulate pump and dump of coins.
This is something which has to be curtailed. There was a time when I believed pumps could be beneficial but now I know, its only loss for the less crypto literate people, who get cursed in form of pumps & dump groups.
This is something which has to be curtailed. There was a time when I believed pumps could be beneficial but now I know, its only loss for the less crypto literate people, who get cursed in form of pumps & dump groups.
I believe that recently there are so many altcoins all over the world, they have their own role. In the future, people can use them in real life I think.
However, many countries try to regulate cryptocurrency market today.
Especially, some countries heavily force the market, such as a lot of taxes and shutdown exchanges.
How about effects of these regulations on altcoins' future?
It seems not that good in a short term. How about in a long term?
However, many countries try to regulate cryptocurrency market today.
Especially, some countries heavily force the market, such as a lot of taxes and shutdown exchanges.
How about effects of these regulations on altcoins' future?
It seems not that good in a short term. How about in a long term?
If you notice that already now governments of different countries are trying to develop all sorts of laws that will prohibit the use of certain coins, in general they will prohibit the use of crypto-currencies
Regulation of the crypto market is perhaps the main risk for the crypto market today. Governments of different countries want to control the crypto currency - this is natural. They always try to control everything, so as not to lose their power and power. In this situation, the strongest coins and projects will survive!
I agree with you, regulation is the biggest thread for crypto's. If more countries follow China, than I don't think that even bitcoin will still have a future...
Now that India, Korea and China has banned cryptocurrencies does not mean that there will be no more future for crypto. I think in 2019 more countries will follow their trend and bann crypto but has a promosing bullish market. And it will probably end this month very soon. 
if in my opinion it will not end in this month, because only the country of India, Korea and China only, and there are still many positive news and legalize cryptocurrencys
Each country's regulatory policy do to a large impact on cryptocurrency market, especially altcoin, because many altcoin and no real value, is just a hype, then each country will not allow the existence of altcoin, so their price will fall sharply.
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