Bitcoin Forum

I have read a global update in regulating cryptocurrencies. This is interesting because more and more people are starting to reconsider cryptocurrency while China still holds its stand against it.

Read the rest of the article here and express how you feel about it:
https://hackernoon.com/global-cryptocurrency-regulation-update-march-2018-7a779733a407

What do you expect to china? its a  communist country which the government decides to which is which and how the whole country should do to almost everything,like a dictator you should follow all the regulations or else you will face worst consequences so it is better to obey to the government,more countries are going to adopt cryptocurrencies and even china cant stop that from happening.

i think that regulating cryptocurrencies it is a good thing it think it would give it a lot of traction so i think we should not be so afraid of it.

Still, that is good news if China stay far away from cryptos since I don't want them manipulating start up coins which are fresh from ICO. Adoptation of many more other countries will help attract more fiat whales to invest into bitcoin and others might start considering to use it as a currency. For now, what crypto needs is the legalization of at least 20 countries for it to really function as a currency.

Just be excited that the European Union is ready to regulate crypto, if that isn't bullish news I don't know what is. Because at that point in time I believe USA will look to their European counterparts and think something along the lines of we can't be last in this space. I expect most of the nastiest stances against Bitcoin to come out this year, ergo moving ahead I am mega bullish.

Cryptocurrencies have really strong support all over the world. So regulations had to come sooner or later. I think that regulations are good for people who use crypto and for crypto itself. People will know for sure where their countries stands regarding crypto. Also total legalization of crypto would mean more places which accept it. Overall, it is good that countries think and speak about this. As for China, they will come along eventually.

Yeah. Many people thought in the beginning that regulation is a bad thing. I also came up to that conclusion, but as time goes by, I realized that it will give Fiat investors an enough sense of security to invest on cryptocurrency. In that way, it helps this currency to mature faster for wider use, perhaps it will help in lowering the transaction fees in exchange sites. In the meantime, let China be China. Eventually, they will relent once they realize that the whole world is adapting to a new age of currency.

In addition, regulations should be focused on ICOs because there are more scams than legit ones.

It is quite normal for governments and authorities to make the necessary regulations themselves. As a result, cryptocurrencies have the potential to bother countries and governments for future financial policies.

Very different approach from countries. Overall I see positive signs from US and EU but the same scrutiny from China. I believe that China is going to do something very private and regulated regarding cryptos.

Let the china do their thing,im sure they will eventually realize that they shoudlnt be regulating the cryptocurrencies because it is an asset of their people.Communist country will always be bossy to their people,dictating which they think are good for the people but it seems china is out of place.Let them do what they want,other countries are starting to adop which is good because if there are more countries wont regulate cryptocurrencies that means tha market will grow massively.

The truth is that crypto is still a relatively new space "globally" because more people just become aware of it last year, coz of the boom. Thus, its a new reality and majority of people don't know how to deal with it. So the crypto space will keep undergoing revolving regulations to make is more appealing to everyone. That's why now we are beginning to see KYC (know your customer) and AML (anti money laundering) checks with ICOs. People want to protect themselves as well as do right by crytpo and the general community.

I think regulations will come but not so soon, right now government is still figuring out how these things are to be regulated, given the fact that these are decentralized transactions.

I think that regulations are needed and they will be good for the whole crypto industry. But I don't like the idea of global regulations. This means that if we don't like something there is no safe place. I hope regulations will be made, but one country of a time.

Regulation has become a mandatory measurement that must be taken attentively since the number of scammers has crazily increased ; even if it brings less trading/holding freedom but in the other hand it would prevent the community from falling down with those scammers .
PS : Not as severe as China's one ( where you can't even breath freely )

Fiat investors will become a big support to the cryptocurrency itself. As there are so many companies and institution still consider crypto as an illegal investment. But the regulation will bring the more demand to the cryptocurrency itself.
But it has the disadvantage that makes the crypto will be more restricted especially to use exchange site soon.

Regulations are not truly a concern as we already have a solution. There are some privacy altcoins that provide true user anonymity, DeepOnion comes to mind. DeepOnion sends transactions through the Tor network for true user anonymity and identity protection. OBFS4 bridges and MEEK is used to circumvent government snooping or ISP censorship. The project is built on the principle of decentralization, open-source and user privacy. When governments can't track your payments then regulations can't be enforced. Just to be clear, I'm not against reasonable tax, I have to support my country. DeepOnion (https://deeponion.org) is still in the airdrop phase and the coins are being distributed freely to the public.