Regulation of Cryptocurrency Around the World - page 8.

jambul_kribo

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Quote from: ethereumhunter on May 13, 2019, 12:10:42 PM

Quote from: spike420211 on May 13, 2019, 11:12:56 AM

Quote from: freedomgo on May 12, 2019, 02:09:27 AM

I hope 2 - 5 years from now, those countries which considered cryptocurrency as illegal will reverse their decision.
Just like facebook reversing its ban on crypto advertising, I think we will be seeing some good improvement in the long run.
Crypto regulation needs to take place, a standard regulation would help for these countries to understands how to regulate and eventually adopt.

Of course, they simply will not have a choice. When most of the world will use cryptocurrency on a daily basis, the rest will be forced to follow their example in order to keep up.

And in that time, the mass adoption will fully be completed because all country in the world decide to use cryptocurrency daily and we will see a whole new era at that time. The regulation in each country will not be the same, and it follows the situations on that country, and I think the government will have time to discuss on what kind of regulation that they will apply for the cryptocurrency.

at this time , much countries already to admit that bitcoin or cryptocurrency were usefull for them in any field.and some of them has soft regulation about cryptocurrency and they allowed merchants in their country accept bitcoin or other crypto.this is will be good start and will bring positive impact to market

beerlover

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Quote from: nur rochid on May 13, 2019, 12:13:17 AM

Quote from: virasog on May 12, 2019, 11:51:48 PM

Quote from: freedomgo on May 12, 2019, 02:09:27 AM

I hope 2 - 5 years from now, those countries which considered cryptocurrency as illegal will reverse their decision.
Just like facebook reversing its ban on crypto advertising, I think we will be seeing some good improvement in the long run.
Crypto regulation needs to take place, a standard regulation would help for these countries to understands how to regulate and eventually adopt.

Currently we are seeing and focusing on which countries are regulating the crypto ? and which countries have made bitcoin legal in their countries.
A time will come when we will be discussing why the few countries still left for regulating crypto. That's how the world will be changed in few years from now.

there are many reasons why many countries have not legalized bitcoin, and of course that country really understands the obstacles. but for me in the end the country will follow in the footsteps of developed countries or those who have legalized it first

Of course, they will have no choice than to join too, otherwise, they will seriously lag behind in future when full development hit the cryptocurrency world, that is why I like Facebook, after they have realized the future of crypto and how it will be impossible to really stop it, they had no choice than to join in the race too so they don’t lose relevance.

So most countries that are still quite skeptical about cryptocurrency now will eventually find their way to join late in future, as the large scale industries that really matters to them will find a way to use blockchain technology in running their companies, right now we are beginning to see few like paypal, Samsung. Facebook and others.

dat.ho12492

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Quote from: spike420211 on May 13, 2019, 11:12:56 AM

Quote from: freedomgo on May 12, 2019, 02:09:27 AM

I hope 2 - 5 years from now, those countries which considered cryptocurrency as illegal will reverse their decision.
Just like facebook reversing its ban on crypto advertising, I think we will be seeing some good improvement in the long run.
Crypto regulation needs to take place, a standard regulation would help for these countries to understands how to regulate and eventually adopt.

Of course, they simply will not have a choice. When most of the world will use cryptocurrency on a daily basis, the rest will be forced to follow their example in order to keep up.

I think we seem to have talked too early about regulation in crypto, we are forgetting a question as to what you say, when crypto will be used widely and daily in most countries around the world, the answer to this problem is really essential before we want to discuss the rules. But perhaps no one can be sure and confirm the timing of this problem, many countries still do not want to participate in crypto, the crypto system is still too special and the government still cannot control it, the rules are still too early to say

Tommen9969

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Quote from: nur rochid on May 13, 2019, 12:13:17 AM

Quote from: virasog on May 12, 2019, 11:51:48 PM

Quote from: freedomgo on May 12, 2019, 02:09:27 AM

I hope 2 - 5 years from now, those countries which considered cryptocurrency as illegal will reverse their decision.
Just like facebook reversing its ban on crypto advertising, I think we will be seeing some good improvement in the long run.
Crypto regulation needs to take place, a standard regulation would help for these countries to understands how to regulate and eventually adopt.

Currently we are seeing and focusing on which countries are regulating the crypto ? and which countries have made bitcoin legal in their countries.
A time will come when we will be discussing why the few countries still left for regulating crypto. That's how the world will be changed in few years from now.

there are many reasons why many countries have not legalized bitcoin, and of course that country really understands the obstacles. but for me in the end the country will follow in the footsteps of developed countries or those who have legalized it first

because their country is not suitable to legalize it, they do not have human resources who will massive to use crypto, most countries that reject the regulation of bitcoin, because they are more focused on solving the economy and resolving poverty first, rather than a new innovation of a currency. but you are right as time goes by, everything will change.

Xising

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Quote from: davis196 on May 09, 2019, 07:57:44 AM

Cryptocurrencies are illegal in mostly poor authoritarian countries(Saudi Arabia isn't poor,but it's definitely authoritarian).We don't need the support of such countries(maybe except China) and let's hope that no country form the green area will move to the red area. Grin

Well, actually, instead of not supporting, I think the best plan of action in that scenario is to promote it even more to shed some good light into it. That way, the countries that are not so supportive of the cause of cryptocurrency would have that new found appreciation for what it is and what it stands for. By doing so, it can build the trust level of those who are doubtful and purge the negative ideas surrounding cryptocurrencies and using it. That's a more sustainable way to make it a worldwide asset that most people using cryptocurrencies want for it to achieve.

GregH37

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Quote from: freedomgo on May 12, 2019, 02:09:27 AM

I hope 2 - 5 years from now, those countries which considered cryptocurrency as illegal will reverse their decision.
Just like facebook reversing its ban on crypto advertising, I think we will be seeing some good improvement in the long run.
Crypto regulation needs to take place, a standard regulation would help for these countries to understands how to regulate and eventually adopt.

We should not completely rely on government regulation to get us full adoption, is it not the people that are meant to regulate it calling Facebook for questioning as to why he wants to use crypto currency to operate and if it will stop government from monitoring funds, so why do we still rely on regulation from government,.

It is best we just keep using cryptos and spreading the news ourselves till the number of people who would use crypto becomes so high, and by then, government are the ones that will be pushing for regulation and not us, but as it looks now, they might not do anything as regards regulation willingly.

prtty2gal2

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Quote from: Robotbitcoin22 on May 11, 2019, 12:13:48 AM

we must enforce cryptocurrency regulations throughout the world, because this is also important for the development and progress of cryptocurrency. with the regulation, of course, it will make the peace and prosperity of the world of cryptocurrency.

The only body that would have successfully enforced cryptocurrency around the world are the governments and since cryptocurrency was not created by them or passed through due process in its establishment, we may never get the full support of government that will give crypto adoption around the world full speed to get accepted.

So we might just have to continue with this slow and steady adoption rate we keep getting on daily, monthly and yearly basis, time on its own will make the adoption happen as people keep getting awareness about crypto and using it to their own advantages.

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Quote from: spike420211 on May 13, 2019, 11:12:56 AM

Quote from: freedomgo on May 12, 2019, 02:09:27 AM

I hope 2 - 5 years from now, those countries which considered cryptocurrency as illegal will reverse their decision.
Just like facebook reversing its ban on crypto advertising, I think we will be seeing some good improvement in the long run.
Crypto regulation needs to take place, a standard regulation would help for these countries to understands how to regulate and eventually adopt.

Of course, they simply will not have a choice. When most of the world will use cryptocurrency on a daily basis, the rest will be forced to follow their example in order to keep up.

And in that time, the mass adoption will fully be completed because all country in the world decide to use cryptocurrency daily and we will see a whole new era at that time. The regulation in each country will not be the same, and it follows the situations on that country, and I think the government will have time to discuss on what kind of regulation that they will apply for the cryptocurrency.

spike420211

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Quote from: freedomgo on May 12, 2019, 02:09:27 AM

I hope 2 - 5 years from now, those countries which considered cryptocurrency as illegal will reverse their decision.
Just like facebook reversing its ban on crypto advertising, I think we will be seeing some good improvement in the long run.
Crypto regulation needs to take place, a standard regulation would help for these countries to understands how to regulate and eventually adopt.

Of course, they simply will not have a choice. When most of the world will use cryptocurrency on a daily basis, the rest will be forced to follow their example in order to keep up.

darylalban

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I am interested in seeing how crypto plays out around the world. I am the most skeptical about privacy coins and what that might do to spark the governments interest esp because you can't report finances. I did learn that Beam is looking to implement a opt-in compliance esp for enterprise

BlueStackz

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Quote from: JohnBitCo on May 11, 2019, 07:08:45 AM

Quote from: shesheboy on May 11, 2019, 05:51:10 AM

Quote from: Robotbitcoin22 on May 11, 2019, 12:13:48 AM

we must enforce cryptocurrency regulations throughout the world, because this is also important for the development and progress of cryptocurrency.

crypto can develop and progress with or without regulations but regulations can make or break the momentum because some dislike regulations as they think this brings alot of disadvantages , one xample for that would be taxation for cryptos while others are willing to embrace regulations because they think that regulations can bring advantages like for example , price stability .

Many people think that regulations in bitcoin will just add taxes to bitcoin which is not true. I think we need regulations in crypto currencies so that whales cannot manipulate the prices. The exchanges should be backed up and check thoroughly for security. The ICO should be allowed after proper scrutiny. All these things will only be possible if there is some governing body who controls the overall crypto market.

Especially in that aspect of ICO, government really need to regulate it in order to make crowd funding safe and interesting again, government really needs to see it as a system that creates massive job opportunity for the unemployed, which unemployment is a cancer worm that has affected virtually all countries.

There are so many things that government stand to lose if they fail to regulate the cryptocurrency, since they cannot shut down internet, and since ordinary pronouncement to ban crypto will not hold much weight on its users, people will continue to use it as a self-destructive tool for one another on their finances, look at the $40 million dollars that was stolen from Binance recently, that must have been transferred from one nation to another one, and probably the owner comes from a nation that is just picking up in its economy.

nur rochid

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Quote from: virasog on May 12, 2019, 11:51:48 PM

Quote from: freedomgo on May 12, 2019, 02:09:27 AM

I hope 2 - 5 years from now, those countries which considered cryptocurrency as illegal will reverse their decision.
Just like facebook reversing its ban on crypto advertising, I think we will be seeing some good improvement in the long run.
Crypto regulation needs to take place, a standard regulation would help for these countries to understands how to regulate and eventually adopt.

Currently we are seeing and focusing on which countries are regulating the crypto ? and which countries have made bitcoin legal in their countries.
A time will come when we will be discussing why the few countries still left for regulating crypto. That's how the world will be changed in few years from now.

there are many reasons why many countries have not legalized bitcoin, and of course that country really understands the obstacles. but for me in the end the country will follow in the footsteps of developed countries or those who have legalized it first

virasog

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Quote from: freedomgo on May 12, 2019, 02:09:27 AM

I hope 2 - 5 years from now, those countries which considered cryptocurrency as illegal will reverse their decision.
Just like facebook reversing its ban on crypto advertising, I think we will be seeing some good improvement in the long run.
Crypto regulation needs to take place, a standard regulation would help for these countries to understands how to regulate and eventually adopt.

Currently we are seeing and focusing on which countries are regulating the crypto ? and which countries have made bitcoin legal in their countries.
A time will come when we will be discussing why the few countries still left for regulating crypto. That's how the world will be changed in few years from now.

Moiyah

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Quote from: davis196 on May 09, 2019, 07:57:44 AM

Cryptocurrencies are illegal in mostly poor authoritarian countries(Saudi Arabia isn't poor,but it's definitely authoritarian).We don't need the support of such countries(maybe except China) and let's hope that no country form the green area will move to the red area. Grin

We've come thus far without the support of those countries who considered bitcoin as illegal. We shall respect their decisions though I may not really understand at some point why these countries prohibit bitcoin. China is also planning to banned crypto minings and it may really affect the crypto market if one of those largest crypto traders are being prevented by their governments. Hope they will reconsider the positive sides of bitcoin as cryptocurrency.

MrFreeRoMan

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Quote from: sheenshane on May 12, 2019, 04:38:43 AM

Well, in this situation, I am starting to think that the cryptocurrency will only become just like PayPal and Gcash soon and I find it disappointing. We all know that PayPal is way more advanced compared to the blockchain so if everything will become green, the pros are that we the pioneers will benefit with the rises of the coins for a certain time. But once it became stable, we have to accept the cryptocurrency will become PayPal.

If you take stability ....
Take Bitcoin as an example! I Think Bitcoin will become stable only in 1 case (if there are dollar pegs): 1 satoshi = 1 dollar!
But before accepting this, VERY far away.

creeps

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Quote from: sheenshane on May 12, 2019, 04:38:43 AM

Well, in this situation, I am starting to think that the cryptocurrency will only become just like PayPal and Gcash soon and I find it disappointing. We all know that PayPal is way more advanced compared to the blockchain so if everything will become green, the pros are that we the pioneers will benefit with the rises of the coins for a certain time. But once it became stable, we have to accept the cryptocurrency will become PayPal.

The market will have its best time around the world, those who declare cryptocurrency as illegal will revoke that and adopt the system after that. Yes, we have to remain patient because we are the pioneer and we will gain more if the market becomes accepted around the world. Don't feel the threat about those countries who make this illegal, try to travel in a good place where you can easily use cryptocurrency I believe the life there is better.

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Quote from: freedomgo on May 12, 2019, 02:09:27 AM

I hope 2 - 5 years from now, those countries which considered cryptocurrency as illegal will reverse their decision.
Just like facebook reversing its ban on crypto advertising, I think we will be seeing some good improvement in the long run.
Crypto regulation needs to take place, a standard regulation would help for these countries to understands how to regulate and eventually adopt.

Crypto regulation supporting usage is found in very small number of countries. This needs to increase making a big change in the market in terms of adoption and acceptance similar to the tradition fiat. When there is regulation supportive to usage more users who still continue to make their investment on gold will move their investments towards bitcoin and other cryptocurrencies.

sheenshane

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Well, in this situation, I am starting to think that the cryptocurrency will only become just like PayPal and Gcash soon and I find it disappointing. We all know that PayPal is way more advanced compared to the blockchain so if everything will become green, the pros are that we the pioneers will benefit with the rises of the coins for a certain time. But once it became stable, we have to accept the cryptocurrency will become PayPal.

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I hope 2 - 5 years from now, those countries which considered cryptocurrency as illegal will reverse their decision.
Just like facebook reversing its ban on crypto advertising, I think we will be seeing some good improvement in the long run.
Crypto regulation needs to take place, a standard regulation would help for these countries to understands how to regulate and eventually adopt.

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Quote from: nak02 on May 11, 2019, 06:52:22 PM

Other countries that have been listed there are illegally using cryptocurrency, we can't deny that were using it in earning money or other purposes, but to think is someday in future it will be acceptable as long they can exploit it in the future too.

You are right now in those countries that are prohibited, have a good bitcoin usage traffic, now there is a lot of VPN use that they manage to enter without any problem, except for those sites that have very tight SSL to detect it and not let it pass.

In countries of Africa it is very common to use VPN, where people make false profiles, but, I think this is limiting the options of people in the world, if this is a decentralized technology, there is no logic to the prohibition or the payment of taxes, this is not what is sought. Therefore, as a consequence, people always look for ways that are illegal to participate, so if there are limitations in the Crypto world, the ideas to break rules and laws will always be broken, and it will be bigger every day because it is already money with the that people are struggling to get.

Topic: Regulation of Cryptocurrency Around the World - page 8. (Read 1761 times)