Just look at this:
ICO:
Humanityone and Cryptoinfinity, etc... - MASSIVE SCAM - Fake team
[FAKE TEAM MEMBER]: Zoptax Coin
exchange:
My Bittrex account has been disabled.
HitBTC scam!
casinos:
Cloudbet Stole 55.35BTC of mine
[scam] BetKing.io broke ICO promise and dropped token value 99%
if we had a legalized market, it would be easier to punish the scammers and probably the scam number would be lower
Topic: Stronger AML Enforcement Might Actually Save Crypto - page 3. (Read 601 times)
Is this a good thing? They are helping governments to control Cryptocurrency investors and make the government feel better. But investors think anxious, and they worry when their identities released to governments, they worry that the government will tax their investments.
People are praying for KYC-AML and any kind of regulation thinking it will help for mass adoption. Yes, a little but not much.
Bitcoin was created to avoid all these limits but since some years people want it back as if they liked having a leash. F**k that, Bitcoin can become a popular alternative currency without stupid laws, not in line with reality. It's just helping the Finance to infest us.
Bitcoin was created to avoid all these limits but since some years people want it back as if they liked having a leash. F**k that, Bitcoin can become a popular alternative currency without stupid laws, not in line with reality. It's just helping the Finance to infest us.
regulations are not the same as consumer protections. people can still be scammed. just look at the mortgage and credit card sector that offer huge interest rates, not many/any months of payment breaks/error correcting before they enforce. and if the institution offering the credit does something wrong, they never have to be accountable.
regulations are mainly to make big well financed businesses that can afford to hoard large sums to pay for licences, get certified with shiny sherrif badges to police their customers. its a fake veil of trust having the title of being regulated, but once you pull the veil away you see the truth.
companies that are regulated get to write their own policy guidelines for how they will police their customers and report customers that perform tasks that are not damaging/dangerous to anyone else, but may (emphasis: may) result in some tax dodging mainly.
yes wall street only want to work with other wall street certified entities. all so they can have their boys club of shuffling funds around knowing the licence will protect and cover them.
this stuff keeps out the new entities and the individuals who could offer better, but just are not on the same level
crypto does not need saving from the likes of businesses with regulations. what crypto actually needs is to untie its dependence on fiat and become more a product/service<->crypto model without the need of fiat involvement in the middle
but there are always going to be fiat lovers who just want to never understand crypto. but just dip their toe into it long enough to increase their fiat balance and run back to fiat. and its these fiat lovers that care only about speculation a FOMO price spikes for greedy fiat gains. NOT to 'save crypto'
regulations are mainly to make big well financed businesses that can afford to hoard large sums to pay for licences, get certified with shiny sherrif badges to police their customers. its a fake veil of trust having the title of being regulated, but once you pull the veil away you see the truth.
companies that are regulated get to write their own policy guidelines for how they will police their customers and report customers that perform tasks that are not damaging/dangerous to anyone else, but may (emphasis: may) result in some tax dodging mainly.
yes wall street only want to work with other wall street certified entities. all so they can have their boys club of shuffling funds around knowing the licence will protect and cover them.
this stuff keeps out the new entities and the individuals who could offer better, but just are not on the same level
crypto does not need saving from the likes of businesses with regulations. what crypto actually needs is to untie its dependence on fiat and become more a product/service<->crypto model without the need of fiat involvement in the middle
but there are always going to be fiat lovers who just want to never understand crypto. but just dip their toe into it long enough to increase their fiat balance and run back to fiat. and its these fiat lovers that care only about speculation a FOMO price spikes for greedy fiat gains. NOT to 'save crypto'
https://www.forbes.com/sites/yayafanusie/2019/05/29/stronger-aml-enforcement-might-actually-save-crypto/?utm_content=92934236&utm_medium=social&utm_source=twitter&hss_channel=tw-3972254294#73d10bfb7e78
Saw this article today and made me really think about this topic. What are your thoughts?
I feel like the KYC and AML companies such as Ciphertrace and Refinitiv are really helping with regulations and making governments feel better about crypto
Saw this article today and made me really think about this topic. What are your thoughts?
I feel like the KYC and AML companies such as Ciphertrace and Refinitiv are really helping with regulations and making governments feel better about crypto
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