Will 2018 Be The Year of Regulations? - page 2.

mapar

newbie

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Quote from: CryptoBry on January 02, 2018, 02:24:37 AM

The recent news coming from South Korea where the government is now imposing regulations for Bitcoin and cryptocurrency trading is quite reminding us the power of the government to deal with the matter and the seemingly no choice but to cooperate with those in the authority. Cryptocurrency exchanges are for making money and when this fact is threatened because of non-compliance with what the government is imposing, business sense will tell us that it would have no choice but to yield. What is happening right now in SoKor can be that catalyst which other nations may also do.

I am seeing this year to be the year where regulations, compliance, KYC and other related matters would be cemented and become just normal things in connection with the cryptocurrency movement. Do you think this can be good in the long-run or are we not sacrificing long-term repercussions for immediate gains?

https://pbs.twimg.com/media/DSg_ZZYWsAEMBqQ.jpg

But the main question is "to what extent can they regulate the market?"

Specifically when it comes to privacy coins it would be almost impossible for governments to make any kind of regulations!

Pleione527

full member

Activity: 266

Merit: 111

Possible that 2018 will be a year for bitcoin regulations since the development in crypto currencies continue to grow government are really looking to find ways where they can control bitcoin in their economy. Some countries started this regulations so possibly other country will adopt the same thing. Also I'm sure banks will do something regarding bitcoin dominate the currencies

Tux99

member

Activity: 238

Merit: 10

Quote from: davis196 on January 02, 2018, 02:58:46 AM

For the average cryptocurrency user it`s better that most of the crypto exchange platforms will be regulated.
Nobody wants to deal with shaddy unregulated exchange platforms that might get "hacked" and the owners running away with all the cryptocurrencies.We will have to sacrifice the anonymouty and pay taxes for our holdings but the regulations will reduce the number of online crypto scamms.

Regulated specially exchange is good idea and better for saving our money on it.
Pay tax is not big deal at least we have profit first.

Affilate User

sr. member

Activity: 588

Merit: 250

with the brightness of bitcoin by 2017 will not rule out a lot of regulation by 2018, there will be government interference on bitcoin, this has begun to be seen from some news from the state finance agency about bitcoin Huh

willnotwas

member

Activity: 286

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Maybe you're right. But also I heard it will be year of Altcoins..So anyway it will good year for blockchain industry Wink

nagatraju

hero member

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Quote from: zulkarnaen on January 02, 2018, 05:47:10 AM

Quote from: BingoDog on January 02, 2018, 04:25:28 AM

The wave of regulatios is many countries has already started and this will continue. Many governements would like to have some control over cryptocurrencies market but this has alos a good side because I hink with regulations the users will be better protected than they rae now. Cryptocurrencies are great field for different businesses and profit but also for differen kind of scam so regulation could help with that also.
Regulation could also help with public and business confidence and that can bring only good so we shouldn't have fear of that.

I think not all the rules that apply to bitcoin have a good impact on users if bitcoin regulation occurs in every country, because so far we know not all countries accept bitcoin as a means of payment transactions. But of course we hope if the government implements policies on bitcoin with giving them the freedom to trade bitcoin with provisions for business transactions and not for criminal purposes.

I think that the settlement of some rules will not affect the bitcoin in any way. The fact that some countries introduce these rules means that bitcoin are really powerful crypto currency, which gradually occupies an important place among all currencies.

Makak4R

full member

Activity: 266

Merit: 111

Because of growing cap, I'm sure that all regulators will force implementations of some lows which will start regulating cryptomarket.
One thin when all cryptomarket is about $100M and it is absolutely different thing when it is $600B
so yes, I'm sure 2018 = there will be a lot of changes for cryptoworld.

Sarastiche

member

Activity: 532

Merit: 10

BITCOIN IS THE CURRENCY OF THE GLOBE

Regulation that we lack in the crypto space has not help the sector,which give room for scammers and lots of people coming up with unrealistic project, I hope Government regulations will not impact negatively in the space,as government will want to have total control of the space.

khaled0111

legendary

Activity: 2520

Merit: 2853

Top Crypto Casino

The cryptocurrency market is growing fastly and governments should start regulating it to protect their interests.
Many of them already started the regulation process, some others just ban excahnges and prohibit the use of bitcoin.
It will be a long process and they should cooperate with each other which is not really possible.

penig

member

Activity: 266

Merit: 13

Everyone seems to fear regulation and that its about tax. Have news for you, you are already liable for paying taxes on cryptocurrency gains in just about every jurisdiction. You have to report your profit/earnings and pay accordingly, if you dont and get caught you get fined or go to jail. This is no different to if you were making money trading shares, or a sideline business selling widgets on Ebay.

Regulation comes about to ensure some basic standards or protection of the public, not for taxes. If you're happy for scams to continue then hope for no regulation. If you wish for the cryptocurrency economy to be tidied up and bit less wild west, embrace some form of regulation. Its inevitable and can only help to solidify the technology, bringing in more public acceptance.

gizmowl

newbie

Activity: 19

Merit: 0

I think they will try.

The USA has major, major debt and they will want to skim as much as possible from BTC.

I recommend supporting Gizmowl

http://www.Gizmowl.com

The major cost inefficiency in the USA is the military spending.

Gizmowl is the balancer protecting your BTC value.

zulkarnaen

sr. member

Activity: 504

Merit: 250

Quote from: BingoDog on January 02, 2018, 04:25:28 AM

The wave of regulatios is many countries has already started and this will continue. Many governements would like to have some control over cryptocurrencies market but this has alos a good side because I hink with regulations the users will be better protected than they rae now. Cryptocurrencies are great field for different businesses and profit but also for differen kind of scam so regulation could help with that also.
Regulation could also help with public and business confidence and that can bring only good so we shouldn't have fear of that.

I think not all the rules that apply to bitcoin have a good impact on users if bitcoin regulation occurs in every country, because so far we know not all countries accept bitcoin as a means of payment transactions. But of course we hope if the government implements policies on bitcoin with giving them the freedom to trade bitcoin with provisions for business transactions and not for criminal purposes.

nxivrxgs

newbie

Activity: 59

Merit: 0

With the development of the market, there will be more and more traders to enter, this time to launch a number of policy is necessary, South Korea before the real name system and specification of ICO system for digital currency in South Korea's development is correct, we believe that countries such as Japan and South Korea government are welcomed for bitcoin this will continue in 2018.

Dzernej

newbie

Activity: 54

Merit: 0

I agree that this will be year of regulations and that this could be maybe stoppage for btc to double its value this year. But looking longterm this is good because with regulations the governments will start to accepting ceypto.

Nilda

member

Activity: 336

Merit: 14

I hope so. Only those with bad intentions are worried about this. Government recognition would entice more people to invest in cryptocurrency.

harrypotter1229

member

Activity: 162

Merit: 10

In the last month, people in South Korea have been very enthusiastic about digital money, which may be related to their form of war. You know, North Korea now has nuclear weapons, people are always worried about war comes, then their currency will become waste paper overnight. In order to regulate the digital market, it is necessary for the development of bitcoin to make the digital money develop healthily.

Protected101

full member

Activity: 210

Merit: 117

Governments want to govern us for them imposes a regulations and laws or imposing taxes on our transactions.Good result or bad result for us,good thing to know that everybody will be open minded in cryptocurrency and it will be well known every country,bad result because they will ruled and maybe some politicians put some dirty hands on bitcoin the things we dont want to happen in bitcoin.

acheampong64

full member

Activity: 588

Merit: 100

Cryptocurrency is expanding at higher rates each time, and governments think they are threatened so they will want to control it. It's good in some way since there are a lot of scams on crypto platform because anybody can do whatever you wish. It might be bad in some way also because a lot of regulations will dropping and dropping which will impede our better ways of gaining(they'll tell us how we should make our money). Remember that, governments never rest when they start regulations, they'll always bring new laws once they start

teejaymuna

newbie

Activity: 238

Merit: 0

I think there will be more regulations from more governments. This can be good and bad. Good in the sense that it can give people more confidence to come on board while bad in the sense that it will limit growth. Either ways, I'm still here.

Yzhel

full member

Activity: 325

Merit: 100

From other countries just like Korea and USA yes it is but here in our country they were just aware and is open for this kind opportunity but they are not yet in favour in it and kept reminding the people that they should not do crypto since it is really a risky if we will enter without any knowledge.

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