Topic: Regulations for crypto currencies - page 5. (Read 933 times)
We should expect already that 100% decentralized crypto won't be achieved. Remember that more people are relying on centralized exchanges just to feel the benefits of buying and selling cryptos. Without these exchanges, liquidity won't grow. Relying only on the decentralized exchange won't bring an uptrend.
And since most people are seeking help from the government in case of fraud, that's the big reason why they should regulate all crypto exchanges.
It is known that regulations tend to lag behind innovation and I believe as of now the urgency to regulate how cryptocurrencies markets should comply are being conditioned by the governments. But it doesn't mean it will directly lose its decentralization. Technically some cryptocurrencies especially BItcoin will maintain it. The problem is there will be a lot of services like an exchange that will force users to comply with the regulations. So if you truly care about the decentralization we really want to, in this specific aspect of exchange, dex is being developed maturely.
I think so too, but for the future. Will DEX not be affected by the enactment of regulations? What are your views? As we know that the advantage of cryptocurrencies is that it is decentralized, meaning that it is not centralized or there is no third party intervention. but if cryptocurrencies have been legalized by a government, it is clear that regulations will be enforced, although they cannot change the nature of decentralization itself but other regulations such as being taxed may be applied.
The main factor that will be explored by the government is the tax problem. because this is state revenue to support the development of a nation. somehow the form later, of course this regulation must benefit the state, and of course a clear regulation is needed. it seems that this will be easier, because the government can see every transaction even if it is a small amount 
I think the decentralized cryptocurrency is from the system they are fighting, because even though there is no regulation of cryptocurrencies there is also a completely decentralized one. And regulation is also important in my opinion, in order to add pluses in the eyes of the public and business people without eliminating the decentralized nature itself.
Currently crypto is too free to make it easy for anyone to make coins or tokens, unfortunately because it is too easy to make tokens or coins it is widely used for scam projects, strict regulation is needed to ensure that projects are not used for criminal acts.
Correct, this is the effect of lack of regulatory bodies. Many new investors get washed away by such projects and this hurts the overall economy of cryptocurrency because that person is not coming back anytime soon. Consider that new money coming in to bitcoin and we would get the gradual organic growth.Of course altcoin hodlers will speak the opposite, they want their bags to get heavier so they can dump on a unsuspecting newbie on an exchange.
I think like an investor, it's our responsibility to carefully evaluate the project before we invest, authorities should only come later if the team who runs the public sale messed up or scam the investors.
I agree that as investors we should do due diligence but does that second part of your statement really come into action? The number of scam or bankrupt projects that have come up after the post 2016 ICO craze, very few have been brought to legal light even if each and every one of those investor groups proceeded with legal action.Currently the legal status is a difficult topic but I would agree that this too needs addressing.
Because until now there is no strict regulation so there are already more than 13k coins and tokens in the market, I'm sure if the market continues to shine then the number of coins and tokens can reach 50k for another 2 years, and this is ridiculous so strict regulation must be made immediately.
This is big issue for this community anyone can copy past and have his own coin which hyped by few paid influencers and this all hurting us very badly. There was one Bitcoin Foundation, but It's also never been as it's need to act because we all want to live in free and independent world, so it is creating too many scams and big financial problems.In near future, we have nothing about this from any side, even many countries bringing laws and regulations just for having taxes from this crypto community member's income. Right now, they are targeting about in and out of funds but nothing happening for projects who is doing how is doing it's also big use case.
Because until now there is no strict regulation so there are already more than 13k coins and tokens in the market, I'm sure if the market continues to shine then the number of coins and tokens can reach 50k for another 2 years, and this is ridiculous so strict regulation must be made immediately.
Currently crypto is too free to make it easy for anyone to make coins or tokens, unfortunately because it is too easy to make tokens or coins it is widely used for scam projects, strict regulation is needed to ensure that projects are not used for criminal acts.
If there's an agency that would require approval before anyone who owns could go for public sale I think it's still not good for the entirety of the crypto market, why? because crypto is supposed to be decentralized, no one should stand as 3rd party before transactions could happen, and with an agency, it will only make things harder for a small capitalist who would like to try their business model by seeking help from the public. I think like an investor, it's our responsibility to carefully evaluate the project before we invest, authorities should only come later if the team who runs the public sale messed up or scam the investors.
Currently crypto is too free to make it easy for anyone to make coins or tokens, unfortunately because it is too easy to make tokens or coins it is widely used for scam projects, strict regulation is needed to ensure that projects are not used for criminal acts.
I have read on cointele the there is another regulation law for it I'm quite not sure what changes have been made but previously it was about developers, miners are mandatorily asked to get the data of everyone who was linked to buying and selling cryptocurrency. They don't have the means to do that but they were just asked to do that but of course, can't force anyone to submit.
This time SEC looks about to win the stablecoin issuer regulation which I guess is about time to have doubts that maybe it's true they could freeze stable coins.
Over the past few years, there have been countries that have regulated cryptocurrencies
Which countries? As far as I know, none have done that yet.Quote
and some have even accepted crypto as a valid transaction tool.
As a legal tender, but only recently. Not in the line of a few years, but a few months ago.Quote
In the future, if every country regulates crypto, it is likely that the rules will be enforced accurately depending on how the country repeats crypto either as a transaction tool
You are thinking that crypto will be used just like fiat is used today. In the broader terms yes it might be "used" that way but they are fundamentally different asset classes. Bitcoin is deflationary, decentralied and censorship-resistant while fiat is the complete opposite.Of course we might a lot of changes happen to the economy if both start being used simultaneously but by then there should be regulations to keep money laundering and easy transactions possible. But we are a long way from that now.
regulation does not have a major effect on crypto. because every country has different regulations. so even though in the future every country has regulations but for crypto it will still have a good position and and transactions will run well without any obstacles
This is right and whenever they regulate it, they just wanted to get some taxes or to benefit from it. either way, as long they don't ban it, everything is good for us and we are free to use it in a legal way. Some countries still don't really care about it and they stay neutral with how they look at bitcoins and other cryptocurrencies they will just issue some warnings about possible ponzi scams using its names and popularities.
Regulatory issues for cryptocurrency have actually been around for a long time. In fact, it was several years ago. But it seems, in the past year or so, it has become a serious topic of discussion in several countries. And it seems, some countries will soon implement it. What I personally think is, if true, many countries start implementing regulations for crypto currency, will this change the nature of crypto, namely decentralization to not being fully decentralized? What do your friends think here? Please share, hopefully this can add insight for all of us 😊🙏
It is true that the topic of regulations that are coming for cryptocurrencies and crypto related projects are discussed in this forum and other crypto platforms for years now. Many crypto enthusiasts are very skeptical and maybe even afraid of regulations for crypto because they fear that crypto will lose it's biggest selling point and feature the decentralization and the total financial freedom of it's users because of that and i totally understand that. I also think though that there needs to be some regulations happening before crypto can become really mainstream.
And it seems, some countries will soon implement it. What I personally think is, if true, many countries start implementing regulations for crypto currency, will this change the nature of crypto, namely decentralization to not being fully decentralized?
It has not been implemented yet. It is in the talks but for some time now.Always keep a positive attitude towards news things that happen around you. Regulation has the good things of being able to track money launderers and keep the crypto-related thefts under a certain control when done via exchanges and mixers.
I dont see how this can change decentralization - in fact this will only monitor the exchanges traffic and therefore no changes in central control. Are you sure you are fully informed about it? If so please explain why this can "un-decentralize" the network?
Nature of crypto will remain the same. Those who will be angry about regulation are the money-launderers. The legitimate investors and traders should take this as a boon.
regulation does not have a major effect on crypto. because every country has different regulations. so even though in the future every country has regulations but for crypto it will still have a good position and and transactions will run well without any obstacles
This is right and whenever they regulate it, they just wanted to get some taxes or to benefit from it. either way, as long they don't ban it, everything is good for us and we are free to use it in a legal way. Some countries still don't really care about it and they stay neutral with how they look at bitcoins and other cryptocurrencies they will just issue some warnings about possible ponzi scams using its names and popularities.
if the regulations made by one country are crypto friendly and do not change the working system, I don't think there is a problem with regulations in each country,
but the name of the government will definitely impose the rules they make so that it can harm crypto users/owners
example: tax
tax are actually good for growing the country's economy but on the other hand our income will also decrease even only a little ,in my country there is new news that there will be a crypto tax of 0.03% which will continue to be reviewed by the government ,I personally no problem for welcome legality and with this tax I become more confident because maybe in terms of price and adoption it will be betterbut the name of the government will definitely impose the rules they make so that it can harm crypto users/owners
example: tax
if government will not ruined anything about crypto aside from implementing taxes, in the long run it will be favorable to each
crypto investors, the value will continue to increase as there are usages and more end users to participate, it's a good working
relations between crypto system and the businesses and government that will start to embrace this market.
So like it or not, we have to accept the rules and taxes that we definitely follow and the profits we get are not pure because we have to pay taxes that will benefit the state or government, and for me it happens or not. it doesn't matter to me, most importantly I can still use crypto and maybe there will only be a difference if that happens.
Regulatory issues for cryptocurrency have actually been around for a long time. In fact, it was several years ago. But it seems, in the past year or so, it has become a serious topic of discussion in several countries. And it seems, some countries will soon implement it. What I personally think is, if true, many countries start implementing regulations for crypto currency, will this change the nature of crypto, namely decentralization to not being fully decentralized? What do your friends think here? Please share, hopefully this can add insight for all of us 😊🙏
Unfortunately, but through regulations, decentralization will be reduced in a way. I think simply if we want to use cryptocurrencies officially and pay with them, then they will cease to be decentralized and anonymous. However, in deals between users, the rules will remain as they were. It will simply be a matter of choosing how you want to use cryptocurrencies - officially or anonymously.
Every country have their own regulations with regards to dealing with cryptocurrency and yes, this has been a topic since then but until now very few understand cryptocurrency and they show a full support with regards to this though most of the country are still neutral and didn't have any regulations at all. For me, we are still far from the mass adoption, we are getting there but still far from reality. If more country regulate cryptocurrency and make this legal, then it will bring a huge impact in the whole market and good prices will start to happen.
My nation basically fits the description, we didn't actually have a law for it for years and people started exchanges when there was nothing and that really worked amazingly as well, it was really something that I liked and I used that situation to make a lot of crypto profit as well because there was no law. I didn't even pay taxes for a while because there was no taxes for the crypto profits and that was a great situation to be in.Right now, we have supportive laws and it does require me to pay taxes and that is something that I can be fine with, as long as they support it then there is nothing with it, taxes are the reality of the crypto world and all of the business world. If you are making a profit then you are going to pay a tax and that's fine, as long as they support it and suggest that there is nothing wrong with it then I am fine with it.
Although most countries have not legalized crypto like El Salvador has done, but we should be grateful as long as the government does not prohibit
the use of cryptocurrencies. Most countries are indeed neutral by not prohibiting the use of crypto as a digital asset, but indeed most countries
prohibit using crypto as a means of payment. Usually the government starts enforcing KYC procedures for centralization exchanges. And I have
no problem with that, as long as I can make a profit from crypto and can convert crypto into fiat. That's good enough in my opinion, and it's true
that even in my country, the government doesn't impose taxes on the income I get from crypto. So until now I still freely invest in crypto, although
I also hope that crypto can be used as an alternative payment. It may take a process for the government to actually allow crypto as a payment.
if the regulations made by one country are crypto friendly and do not change the working system, I don't think there is a problem with regulations in each country,
but the name of the government will definitely impose the rules they make so that it can harm crypto users/owners
example: tax
tax are actually good for growing the country's economy but on the other hand our income will also decrease even only a little ,in my country there is new news that there will be a crypto tax of 0.03% which will continue to be reviewed by the government ,I personally no problem for welcome legality and with this tax I become more confident because maybe in terms of price and adoption it will be betterbut the name of the government will definitely impose the rules they make so that it can harm crypto users/owners
example: tax
if government will not ruined anything about crypto aside from implementing taxes, in the long run it will be favorable to each
crypto investors, the value will continue to increase as there are usages and more end users to participate, it's a good working
relations between crypto system and the businesses and government that will start to embrace this market.
Regulatory issues for cryptocurrency have actually been around for a long time. In fact, it was several years ago. But it seems, in the past year or so, it has become a serious topic of discussion in several countries. And it seems, some countries will soon implement it. What I personally think is, if true, many countries start implementing regulations for crypto currency, will this change the nature of crypto, namely decentralization to not being fully decentralized? What do your friends think here? Please share, hopefully this can add insight for all of us 😊🙏
That's actually is also running on my mind recently. Specially because play to earn games in blockchain boomed here on our country. Maybe they cannot regulate the network itself, probably only those exchanges that are centralized since exchanges can get information from you using your documents. Also, probably they can tax you if it happen that the government knows your network address (e.g. Ethereum address). Through that, maybe they can link your transactions and impose tax on you. Jump to: