Bitcoin Forum

Thinking about the current state of Bitcoin/Crypo's and there is just so much potential for inside trading and other financial crimes. Do you think in future agencies like the SEC will require records to be kept of all trades and the likes in order to try and prosecute people? I mean as things stand someone can help work on a Crypto with a reasonable market cap, gain and share inside information and profit from that. What do you think?

I think Bitcoin has a very prickly relationship with any regulation. This thorny relationship is embedded as it were in its “DNA,” so to speak. The currency is decentralized and is, therefore, not part of the formal banking system. The founder or founders of the currency are still unknown. The principal method of earning bitcoins is still too techie for the general public and the larger bitcoin community jealously protects the currency against unwarranted regulation.

There have been previous attempts at regulating bitcoin in the US. The Department of Financial Services in the state of New York came up with the bitlicense not too long ago, which prompted severe backlash from the bitcoin community. The regulator also decided to have public hearings so as to determine the best way to go about regulation of bitcoin in New York.

This mean that bitcoin cannot be regulated because of the nature of bitcoin so to speak.  But the company that is using bitcoin can be regulated and need approval from SEC.  From this, all the rules and regulation regarding currency will be implemented.  some of this are KYC and anti money laundering act.  So indirectly bitcoin is being regulated thru the third party exchanges rules and them following the authority.

I don't understand the insider trading risk? Inside what?

Yeah, the mention of that makes me doubt OP, how can there be insider trading in Bitcoin?
Plus almost everything mentioned would be pretty much impossible to fully regulate in the way OP proposed.

Perhaps the first area will be all the ICO rubbish. Developers seem to think they operate in a vacuum and they're likely to get a nasty surprise at some point.

Trading regulations? Dunno. It's so international and all the exchange would try would be to bar all Americans and carry on as before. And as far as I know there's little or no regulation regarding forex trading which Bitcoin may well fall under.

"Insider trading" could mean a group of pumpers :-\

The group of pumpers? This another jokes for me, and the pumper group are gonna wrong with this?

OP are just mentioning about the main point but not including about some examples for giving the others clue for all of the listener.

SEC only use regulation USA country
so exchanger out side USA no problem
SEC only work in USA jurisdictions

How about insuring Crypto exchanges like Poloniex, like the way banks are insured against default.  Do you think an insurance agency would take on something like that?  Maybe BTC only.