Regulation of Cryptocurrency Around the World - page 3.

Godday

sr. member

Activity: 1512

Merit: 397

dice9.win/ - Simple, fast and provably fair

Quote from: mirawantirinjana on June 23, 2019, 08:47:16 AM

It seems like most countries in Asia don't legalize bitcoin, is this because they are afraid of the impact of bitcoin on their economy?
Does this force the country in Asia to be unprepared to keep up with the times and technology?

ready or not ready for technological developments and times will demand to follow it and maybe crypto currencies are created to meet the needs of economic developments

mirawantirinjana

full member

Activity: 700

Merit: 101

It seems like most countries in Asia don't legalize bitcoin, is this because they are afraid of the impact of bitcoin on their economy?
Does this force the country in Asia to be unprepared to keep up with the times and technology?

ancafe

hero member

Activity: 1736

Merit: 731

Catalog Websites

Quote from: Xclusive5 on June 22, 2019, 06:53:01 PM

The regulation wave has been going around the world and a lot of countries have seen reason why they should be actively involved in cryptocurrency. I think once these regulatory bodies are in place, people will feel very safe with their investment.

this has been discussed, and the conclusion, each country has a different opinion about this. of course there are regulations that suppress crypto users, and some support it. well, it might be better like that, and what's more, now the development of crypto is also quite good, and sooner or later, this will be accepted and supported.

Xclusive5

full member

Activity: 672

Merit: 100

The regulation wave has been going around the world and a lot of countries have seen reason why they should be actively involved in cryptocurrency. I think once these regulatory bodies are in place, people will feel very safe with their investment.

Apaxy

member

Activity: 512

Merit: 11

I think that we should also take into account the fact that there are quite a lot of abuses on the cryptocurrency market. There are unscrupulous users who use cryptocurrency in criminal activity. Right now, the United States of America and other countries that are working together to combat economic crimes, in the field of view of which the cryptocurrency falls. This has repeatedly got information on this issue. I think that this situation will not affect the prohibition of cryptocurrencies, but a quick solution to the problem of legalization and control of the cryptocurrency market.

leavolnhals

full member

Activity: 770

Merit: 101

There seems to be a lot of countries that accept cryptocurrency and are letting it generate more money in their country. This is also one of the right decisions of countries supporting crypto.
Like the Internet revolution at the beginning of the 20th century, the United States has been at the forefront of this field and they deserve to be the richest country in the world.
we also need to follow such potential markets to enhance our living environment.

MadeinCoin

legendary

Activity: 1386

Merit: 1003

Quote from: SirLancelot on June 12, 2019, 08:07:28 AM

You're forgetting to add one country in the list of countries where cryptocurrency is illegal and that country is India. Bitcoin is now illegal in India and their government is jailing anyone that is caught with cryptocurrency for up to ten years time. So it should be on that illegal list. But I don't know if this is true, but I have seen the news a couple of times online, why I'm still confused about it is because I still see some people who are from india that are still making use of cryptocurrency, so I am not sure if that is true or not.

Is this true? I seem to miss news about India's regulations. I am sad because India's regulations are quite hard and I think the regulation is a discrimination against bitcoiners.
I became worried if my country also has regulations like India, even though I am very comfortable holding bitcoin. If my country has regulations like this, maybe I will move to Switzerland or Japan, but hopefully this doesn't happen.

freedomgo

legendary

Activity: 3150

Merit: 1148

Fully Regulated Crypto Casino

Quote from: ?? on ??

Well, the situation is good a lot of green. The main thing is that over time even more countries began to have a green color and not a red one.

In terms of regulations, most countries who have adopted in crypto already have a good regulation and this also will be improve over time.
Also, some of the countries who are not regulated or some who ban crypto might do a change of heart in the future, they cannot stop bitcoin, there is a risk that's why it's necessary to be regulated and when this regulated well, this will give good benefit's to a certain country's economy.

uray

hero member

Activity: 1400

Merit: 505

Quote from: batang_bitcoin on June 09, 2019, 07:01:40 PM

I think there are still few countries that doesn't care and not aware of bitcoin's existence.

It is not about awareness of the new market, everyone who is literate enough to understand the financial market will know the current trends and bitcoin is the top performer in the financial sector for a few years now and hence everyone is aware of its existence, the problem is that those countries does not understand how to tame an international market and make a law that could be fair for them to tap into the gains earned by its citizens Grin

.

Quote from: princeyeboah on June 17, 2019, 09:30:09 PM

Regulations on cryptocurrency is good only if it wouldn't alter the well decentralized platform built by crypto. Crypto needs regulations to put some flaws on check such as the issue of reported scam projects, hacked exchange sites, errors in transactions which cannot be retrieved etc.

Cryptocurrency market will be decentralized even with all the rules and regulations if you are dealing only with crypto market, once you plan to convert it to fiat currency then do not expect the decentralization as every transaction will be tracked to you. Even with laws you cannot retrieve bitcoin transactions, once the coins leaves your wallet then it is not yours, so be careful not to make those silly mistakes.

jonaire99

member

Activity: 588

Merit: 11

Quote from: princeyeboah on June 17, 2019, 09:30:09 PM

Regulations on cryptocurrency is good only if it wouldn't alter the well decentralized platform built by crypto. Crypto needs regulations to put some flaws on check such as the issue of reported scam projects, hacked exchange sites, errors in transactions which cannot be retrieved etc.

I agree with your opinion. The decentralized system should not be touch by any kind of regulations and this is one of the reasons why cryptocurrencies can't be controlled by governments and central banks. Regulation should aim for protection of users and to prevent criminals and terrorists from using it in their illegal activities.

princeyeboah

member

Activity: 714

Merit: 14

Regulations on cryptocurrency is good only if it wouldn't alter the well decentralized platform built by crypto. Crypto needs regulations to put some flaws on check such as the issue of reported scam projects, hacked exchange sites, errors in transactions which cannot be retrieved etc.

erikoy

full member

Activity: 686

Merit: 125

It was already been discussed here and most of the users had think that regulations will help for cryptocurrency to grow. Others that had been used to without crypto regulations opposes this notions since they had too different stand on crypto regulations.

Well, regulations might do well as we all know that before this cryptocurrency trading there is already stock market exchange trading and being back up by regulations and to which up to now it became a good source for other to trade currency globally around the world. This cryptocurrency will also be much more be like to stock market exchange when put to regulations.

bitgolden

legendary

Activity: 2926

Merit: 1130

Leading Crypto Sports Betting & Casino Platform

Quote from: BennyK on June 12, 2019, 11:36:46 PM

The progress of cryptocurrency cannot be stopped by any centralized body. The governments and other big bodies have no choice than to impose regulations of crypto and accept it because it is gradually becoming the favorite of the people as they get to know its benefits and the power they gain over their own financial transactions.

If government wanted to stop cryptocurrency, it would have been better at it’s early stage but right now, it is really so late already for them to be able to do anything about it, because the adoption rate of cryptocurrency has really gone so high and we already have some government that are even adopting it already, although from smaller countries.

The only thing I just implore from government is for them to really regulate it like some countries are doing already, so that some of these cases of scam can be eliminated completely and the true nature of cryptocurrency can manifest.

Ozero

full member

Activity: 2142

Merit: 183

Cryptocurrency is a challenge for states because of its ambiguity and unpredictability. It provides many benefits to citizens and gives the government a lot of trouble. Now is the time when the states will introduce uniform rules for the circulation of cryptocurrency and this should have a positive impact on its development. It should be recognized that in the future such rules will become tougher, since the states will seek to avoid all sorts of risks in cryptocurrency.

BennyK

member

Activity: 672

Merit: 14

The progress of cryptocurrency cannot be stopped by any centralized body. The governments and other big bodies have no choice than to impose regulations of crypto and accept it because it is gradually becoming the favorite of the people as they get to know its benefits and the power they gain over their own financial transactions.

SirLancelot

hero member

Activity: 2576

Merit: 582

Leading Crypto Sports Betting & Casino Platform

Quote from: MrFreeRoMan on May 09, 2019, 04:20:03 AM

Regulation of Cryptocurrency
Around the World

You can find a list of 130 countries in this document.

Regulation of Cryptocurrency
Around the World

You're forgetting to add one country in the list of countries where cryptocurrency is illegal and that country is India. Bitcoin is now illegal in India and their government is jailing anyone that is caught with cryptocurrency for up to ten years time. So it should be on that illegal list. But I don't know if this is true, but I have seen the news a couple of times online, why I'm still confused about it is because I still see some people who are from india that are still making use of cryptocurrency, so I am not sure if that is true or not.

Noilee

full member

Activity: 532

Merit: 101

Quote from: Slow death on May 09, 2019, 02:17:24 PM

many countries that are green do not legalize bitcoin only allow the use of bitcoin and that is something that maybe these countries are doing just to give them time to observe bitcoin so that in the future they can decide whether to legalize or not legalize bitcoin. We have to be happy only on the day that the richest countries of the world legalize bitcoin because with this the poorer countries will follow the same path. Of course we should not expect anything good coming from countries like china, russia, bolivia and vietnam

I thinks its legal, but what ever we thinks its important that there are many big countries used and allow bitcoin. I believe that countries they continuously used btc until other countries will not legalized bitcoin, especially to those who are not yet legal. That remain countries we hoping in the future they realize to make legalize btc.

Caladonian

hero member

Activity: 1302

Merit: 540

Quote from: lovesybitz on June 09, 2019, 03:40:44 AM

Do you think if this things happen if ever, does the decentralization will be disappear?
Since that blockchain technology was very popular now, do you think the decentralized exchange will also be gone too?
I hope not. Sad

Also hoping that it won't happen, decentralized exchanges should stay as crypto traders will still insist the essence of freely trades without any traces, even centralized exchange will prosper with this kinds of news processing KYC as one of requirements of the rules, but end users choose will also need to take place.

Good news for wider exposures of crypto industry and different countries already acknowledging the existence of crypto community.

casper77

legendary

Activity: 2884

Merit: 1035

the closer to the equator, the worse with crypto (except of Brazil) Grin

interesting trend

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Quote from: mbluxs on June 09, 2019, 03:06:50 AM

It will be difficult when globally it will regulate bitcoin. it will definitely be a debate.

Sure there will be a debate but people have the power to follow what they want and do what they want. It's either everyone in the community will go along with the implementation of their gov't or they will go against but you know where that will lead their lives.

Quote from: mbluxs on June 09, 2019, 03:06:50 AM

but at this time in fact every country has been aware of the existence of bitcoin and some countries have given decisions about the existence of bitcoin.

I think there are still few countries that doesn't care and not aware of bitcoin's existence.

Topic: Regulation of Cryptocurrency Around the World - page 3. (Read 1761 times)