Topic: Total Ban on Crypto Exchanges Unnecessary: Hong Kong Regulator - page 2. (Read 379 times)
October 16, 2018, 12:08:28 AM
If a certain country is domestically inclined there is no way that the governments will let cryptocurrencies run over their finances because the way cryptocurrencies is moving right now the domestic economy is probably affected. Nevertheless there is some advantages with allowing exchanges its just that for government it is not enough reason for them and the fact that if there is more money to go out of their country than going in it is enough reason to ban it.
October 15, 2018, 11:42:27 PM
bitcoin and because of it cryptocurrencies is a growing phenomenon that they can not do anything to prevent it. so if the government wants to keep their control over the market they would have to forget about a total ban of cryptocurrency exchanges and instead think about regulating them in a way that they can keep people on these exchanges and have control over them.
otherwise we have seen total bans leads to migration not prevention. people simply start using other methods of trading, methods that involve decentralization and remove government control altogether.
otherwise we have seen total bans leads to migration not prevention. people simply start using other methods of trading, methods that involve decentralization and remove government control altogether.
I think it's inevitable for the government to think like that, sometimes the government see crypto as threat and need to regulate before the supervision out from their hand, but I prefer the idea of regulating rather than banning,at least the government still give a chance for crypto to grow
If people start to take a look finally to the decentralized exchanges platforms then the problem wouldn't be it anymore. But a total ban is, yes, unnecessary, if it's all about being able to operate as long there is a KYC regulation from the government + the verification from the exchanges, then the citizens would have no problem to give them out their ID.
The problem comes rather from the political side, which is either it does not know the subject, has the interest to ban. Knowing how many websites are blocked there, it's the China style
The problem comes rather from the political side, which is either it does not know the subject, has the interest to ban. Knowing how many websites are blocked there, it's the China style
I think there is still a way to circumvent these bans, because there were already similar and it did not hurt to speculate to the citizens of these countries
Total Ban on Crypto Exchanges Unnecessary: Hong Kong Regulator
The outgoing chairman of Hong Kong’s securities regulator has – unlike China – ruled out a total ban on domestic cryptocurrency exchanges, suggesting formal regulations instead. Hong Kong’s Securities and Futures Commission (SFC) is drawing plans in…
Read more:
https://www.trackcoinmarket.com/en/crypto-news/33567/total-ban-crypto-exchanges-unnecessary-hong-kong-regulator
The outgoing chairman of Hong Kong’s securities regulator has – unlike China – ruled out a total ban on domestic cryptocurrency exchanges, suggesting formal regulations instead. Hong Kong’s Securities and Futures Commission (SFC) is drawing plans in…
Read more:
https://www.trackcoinmarket.com/en/crypto-news/33567/total-ban-crypto-exchanges-unnecessary-hong-kong-regulator
This is exactly what has been said by everybody in the crypto community for those who are not oblivious of the reality we have to face. Any country that goes the way of total ban as a means of is only showing forth the extent of their ignorance rather than the show of strength that they believe they are doing because in the near future they would realise that other countries that they have made their model have been developing behind the scene leaving them to grapple with manual way of doing things.
Total Ban on Crypto Exchanges Unnecessary: Hong Kong Regulator
The outgoing chairman of Hong Kong’s securities regulator has – unlike China – ruled out a total ban on domestic cryptocurrency exchanges, suggesting formal regulations instead. Hong Kong’s Securities and Futures Commission (SFC) is drawing plans in…
Read more:
https://www.trackcoinmarket.com/en/crypto-news/33567/total-ban-crypto-exchanges-unnecessary-hong-kong-regulator
Governments ban the crypto exchanges because they think people were using crypto for money making but they are not payin any taxes so they are removing them to restrict the users so it is not a wonder if any government completely ban the crypto exchanges on thie country. The outgoing chairman of Hong Kong’s securities regulator has – unlike China – ruled out a total ban on domestic cryptocurrency exchanges, suggesting formal regulations instead. Hong Kong’s Securities and Futures Commission (SFC) is drawing plans in…
Read more:
https://www.trackcoinmarket.com/en/crypto-news/33567/total-ban-crypto-exchanges-unnecessary-hong-kong-regulator
The blockchain technology is the technology that would disrupt the way we transact and interact with each other.
And governments would do well to embrace it and look for productive ways to integrate it into their system.
Putting a ban on it is going in the opposite direction.
The governments are going to find ways to integrate the blockchain technology and make good use of it, what they do not like is that cryptocurrencies are running above that technology, what you are not seeing is that cryptocurrencies take power away from governments and any powerful entity has never liked the idea of losing power so they are trying to defend that power and they are trying to figure out the best way to do it.And governments would do well to embrace it and look for productive ways to integrate it into their system.
Putting a ban on it is going in the opposite direction.
Some are trying to regulate the market and while that could work in the short term it is not going to work in the long term, so it is my belief that eventually many countries around the world are going to ban cryptocurrencies because they are going to be afraid of losing control of their economies if cryptocurrencies become too powerful.
The blockchain technology is the technology that would disrupt the way we transact and interact with each other.
And governments would do well to embrace it and look for productive ways to integrate it into their system.
Putting a ban on it is going in the opposite direction.
And governments would do well to embrace it and look for productive ways to integrate it into their system.
Putting a ban on it is going in the opposite direction.
I think most of the people having knowledge about crypto currency will be criticizing the decision of the Government ban on crypto currency. Presently few governments are taking decision against the crypto.
May be they feel sorry after few years when they find their countries losing a lot due to this ban. Future is of crypto currency. So they will have to lift such bans sooner or later.
May be they feel sorry after few years when they find their countries losing a lot due to this ban. Future is of crypto currency. So they will have to lift such bans sooner or later.
Total Ban on Crypto Exchanges Unnecessary: Hong Kong Regulator
The outgoing chairman of Hong Kong’s securities regulator has – unlike China – ruled out a total ban on domestic cryptocurrency exchanges, suggesting formal regulations instead. Hong Kong’s Securities and Futures Commission (SFC) is drawing plans in…
Read more:
https://www.trackcoinmarket.com/en/crypto-news/33567/total-ban-crypto-exchanges-unnecessary-hong-kong-regulator
The outgoing chairman of Hong Kong’s securities regulator has – unlike China – ruled out a total ban on domestic cryptocurrency exchanges, suggesting formal regulations instead. Hong Kong’s Securities and Futures Commission (SFC) is drawing plans in…
Read more:
https://www.trackcoinmarket.com/en/crypto-news/33567/total-ban-crypto-exchanges-unnecessary-hong-kong-regulator
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