Ukraine to regulate exchanges | Bitcointalksearch.org

indrakusumaindra

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Quote from: bummm on October 12, 2017, 06:33:19 AM

Better you post on news section on this forum.
All this government don't know to do with all this crypto currencies. Today thay say ban and tomorrow they say approve. Bored!

yes it is but i think as an investor this is a crucial information for us to think about. the cryptocurrency world indeed depends on regulation of country that support it. we can learn from the past where there is a ban from china that makes the value drop down so much, and there is a regulation that support ico by japan that makes bitcoin and altcoin value became pump up to the top.

PowerfulGuerilla

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I think the article is just a pure speculation, and if the Ukrainian government makes certain decisions in favor of cryptos, it will still be stopped at its very beginning and nothing will happen at all.
Besides, considering the outside information how this particular government is corrupt and how it is slow in doing things in favor of its people, no changes will be made, for sure, unless the elite is hurt.

feelideb

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fLibero.financial

Does anybody know Ukrainian exchange? I love not to deal with their exchanges . The propose law as far as it goes seem flawed. How will government tax trade without profit. Once they start regulations like this , there is no telling how far government will go to tax you to death.

GayOfThrones

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I cannot imagine how a government can manage to successfully tax revenues made in cryptolandia, especially a government like the Ukranian one, probably not one of the most efficient and honest ones.

deadsilent

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That's better. We can't do something about that. Besides, other countries are doing the same thing. Japan already regulates the local exchanges. There's no big deal if Ukraine will follow.
Regulating cryptocurrency has positive effects at the progress of cryptocurrency at Ukraine though. It will boost the adoption of cryptocurrency there.
Taxation is normal to me. That's our responsibility as a citizens of a nation. We are bound to do that.
I don't see any bad thing about their implementation of tax at their country. We can't escape tax forever. It's inevitable. So it's better than let the government ban cryptocurrency. Also regulating cryptocurrency is better, to avoid any problems in the future. Because if the government will not regulate cryptocurrency, they will just continue to do some actions against against cryptocurrency. Like China was doing.

jaocoincrypto18

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Quote from: AiloveYouks21 on October 13, 2017, 01:39:41 AM

Ukrainian decision on the crypto currency will not affect the price because the country is not so globally responsible.

I think Ukraine did not joined the bitcoin just to make the value stable but in opposite that they joined bitcoin because they are hoping that it will help to boost their economy by gaining in taxation and reduce unemployment in which we believe that it would be an advantage of every country if they will adopt bitcoin. So let us give Ukraine a chance to benefits them in order for the other nation to the same than banning it.

NaissuR

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wow..
i think that mining will become not so profitable in few years
they want to move the population to the PoS..
but in other hand, the big PoW coin Price will go higher when there will be taxes on mining

leea-1334

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Okay, so we have countries slowly following the examples of each other in trying to regulate exchanges. Fair enough. They feel the need to get in some control before it spins out of their understanding. And in some cases, they want to protect their citizens.

But this will affect the ideals of people who originally want to use Bitcoin because of privacy and security. But maybe this will force them to completely abandon fiat? Without exchanges, you can still trade crypto and crypto only. Maybe this is how it must start for a true crypto and fiatless economy to happen.

ice888

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I hope this comes into action although I highly doubt it. One thing is certain is that more regulation is required to weed out scams and give legitimacy to this space.

tsik

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Quote from: fedor3327 on October 13, 2017, 02:33:17 AM

This is the real problem facing all governments........TAX

They are not oposed to cryptocurrency. They are oposed to not being able to effectively tax it!

yup, that's the only reason, all that other "threat" is just bs.

Be_Happy

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This project is still in fact-finding status. The government is not in a hurry to accept it as it understands that it will be practically impossible to control the currency.

billyj111

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I do not think that the regulation of exchanges in Ukraine can somehow globally plunge into the market situation

DogeMajestic

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Good these regulative steps are one of the reasons we see Bitcoin skyrocketing. Mainstream adoption has been happening at a super quick pace for months now

covfefe_

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Quote from: kryptqnick on October 13, 2017, 03:09:19 AM

I live in Ukraine and I can tell you that, even though everything might seem very cheap for people from developed countries, prices are really high compared to salaries here. Thus, a lot of businessmen don't pay taxes (I mean, they usually pay only the required minimum) and they are not likely to change in the nearest future. Bitcoin is quite used in our country despite the fact that most of people never heard of it. There are about 30 exchanges where one can sell bitcoin for Ukrainian hryvnia. Taxes will reduce the profit in about 20%, so I don't really think the bill will pass.
Moreover, I didn't actually find the same information in Ukrainian but what I did find is that National Bank already stated that cryptocurrencies are not real currencies and in the news about the possible law it is written more about financial pyramids than about exchange regulations. Furthermore, I guess there isn't even a project of this law available yet.

I'm not good at Ukrainian and Russian but I've found out a official page about the bill. It would be good if anyone read and updated the current status about the bill.

http://w1.c1.rada.gov.ua/pls/zweb2/webproc4_1?pf3511=62684

kryptqnick

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I live in Ukraine and I can tell you that, even though everything might seem very cheap for people from developed countries, prices are really high compared to salaries here. Thus, a lot of businessmen don't pay taxes (I mean, they usually pay only the required minimum) and they are not likely to change in the nearest future. Bitcoin is quite used in our country despite the fact that most of people never heard of it. There are about 30 exchanges where one can sell bitcoin for Ukrainian hryvnia. Taxes will reduce the profit in about 20%, so I don't really think the bill will pass.
Moreover, I didn't actually find the same information in Ukrainian but what I did find is that National Bank already stated that cryptocurrencies are not real currencies and in the news about the possible law it is written more about financial pyramids than about exchange regulations. Furthermore, I guess there isn't even a project of this law available yet.

btcdepo

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I won't be surprised, if countries start to compete with each other like which one will regulate faster. But at least, Ukraine is the one of the last countries to control and taxate the exchanges as they have bigger problems at the moment, like Russia for example.

adam1230

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This regulation madness is going crazy. They can't understand that this is freedom and we don't need regulations.
And they will never understand that this cannot be regulated. There are new projects for decentralized exchanges. and how they think they are going to regulate decentralized exchanges?

fedor3327

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This is the real problem facing all governments........TAX

They are not oposed to cryptocurrency. They are oposed to not being able to effectively tax it!

numiv

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Taxation on bitcoin trading and mining is just some word in the book, if they will add tax when trading through registered trading platform than people will just go with peer to peer trading and OTC trading.

alani123

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This isn't all that helpful. While bitcoin should be a safe heaven from tax, its mere usage shouldn't invoke taxation. If it was treated as assets, where taxation would only exist on profits, it'd be ideal. Taxation on trading and mining is merely going to make it harder for businesses to sprout in the country while still allowing for the cryptocurrency to be used illegally and expanding the black market.

Topic: Ukraine to regulate exchanges (Read 505 times)