Topic: Stringent laws! - page 4. (Read 576 times)
Stringent laws usually scare away most investors because these laws may lead to bypassing some kind of bureaucracy while trying to secure a transaction or in securing a project under such laws. Crypto is doing well because it gives freedom to the ordinary person. Taking that power away is like taking their capacity to control their wealth away.
If the laws are made for the betterment of the tokens and keeping in mind what will be good for them then it will give confidence. But if the is made to use the token for their betterment and supress the growth of the token then it is an obstacle undoubtedly.
All these regulations will eventually translate into much higher KYC norms for end users and it is not unreasonable to think entry restrictions will be placed on most retail users. You may be asked to link social security details or obtain a crypto traders license. Exchanges will be asked to file regular reports on users with high volume, so you can be monitored closely. Unless you are trading hundreds of thousands, you may even be priced out of these "regulated crypto exchanges".
I think strict laws are a good thing for encryption because it's safer than investing, avoiding fraud, and if everything is stipulated, people won't be as crazy as they are now. I think it is also a good thing. On the other hand, there is a law indicating that the national collection recognizes the cryptocurrency.
I think the state wants to regulate cryptocurrency in its own interests. and laws can give positive and negative results. Positive-it is legalization and it is possible to mining and trade without fear that you will be fined or put in prison. And the negative-will have to share with the state and give new taxes
Strict laws will not significantly affect the crypto currency market, since the crypto currency will always contain some risk, but I believe that this risk is no more than in any other kind of activity. Let's see what happens.
I will agree with many. With strict laws, will benefit. At the moment, there are many scam projects that deceive investors and not only. Investors are protected to benefit projects in which they believe. And do not lose money on bad and not reliable projects.
Laws can be protected from many adversities. Similarly, it is possible to protect BTC entrepreneurs from third party or hackers by making strict laws. Investors will be interested in this.
Where will the stringent laws emanate from? The whole cryptocurrency process is so decentralized that such laws won't have much effect on the blockchain ecosystem.
Many developments are now happening with any laws but Law is indeed needed. I think that laws are obstacles but this obstacles are good it balance everything.
From my perspective I support this law because day by day crypto market is getting famous also many fraud and scams are available in the market so this need to monitor or we should take some steps so we can protect us from fraud or any types of problems.
I believe day by day this markets popularity increase because this market performance increasing. That’s why it’s not affecting the market. So don’t worry.
In case of trading crypto no laws are actually that much effective. Because everything is being developed day by day without any laws.
Actually this will depend on the situation and types of law. The market of crypto currency is famous for its decentralization but now there is also need of some laws to protect the market from hackers. So we need laws to save the investors but it also needs to keep in mind that laws should not affect the decentralization idea.
I think that strict laws regarding ICO should bring order to the crypto-currency market and protect investors, because now there are a lot of fraudulent projects in the market and many simply lose their money, and some completely refuse to inveterate into the crypto-currency. But I am very afraid that these laws would not have a negative impact on investing in cryptocurrency, so the laws should be well thought out.
I think they have a mixed response. The laws are made so that the anonymous illegal works cannot take place through this cryptocurrency. Then again, with these rules and regulations, all these tokens might face obstacles in the path of their progress.
Do you think that stringent laws will give you confidence in tokens or an obstacle to their progress?
Do you think that stringent laws will give you confidence in tokens or an obstacle to their progress?
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