Bitcoin Forum

What do you think of how the EU and these European countries regulate crypto assets? Let us know
Your valuable opinion and any other latest information regarding this

I don't think there is any county in existence that is still able to regulate crypto, how can you regulate a market that is decentralized and owned by no one and also cannot be controlled by anyone, this is the main reason why I love a decentralized platform, the government might only be able to control the exchanges and this is not all exchanges in existence because we have decentralized exchange that can't be controlled even by those who created it.

You are really right. It is near difficult to do. China that has a ban on Cryptocurrency has 60 percent of its citizens contributing directly and indirectly to cryptocurrency. Even most of my clients are Chinese men buying cheap btc from African black markets. But then, that is the whole essence of crypto and blockchain. Zero existence of central control

In my opinion, it can be regulated a little by using limits in exchanges. We all know it is decentralized, and we can not change it, so it is going to be like it is. But they can force us to use less.

I think it would be nice if you added a link to what you were talking about!
https://news.bitcoin.com/how-eu-european-nations-regulate-cryptocurrency/

EU is looking into how they can regulate crypto, but to regulate crypto ain't easy. If the EU cut do something to end all the scam ISO, that would be nice, but I don't think that's possible, as I understand it EU want KYC enforces in all ICO and on all exchanges
I think every European county just want to find a way to tax crypto in one way or another.

If I remember correctly, one of the first countries to adopt cryptocurrency is mostly in European but its not fully regulated until now though they have made some progress regarding the regulatory framework over the past few years.

Regulating crypto is really a complicated process.
Maybe, they can start it with their local exchanges since most of the crypto local exchanges are requiring some sort of KYC to fully utilize their services.
They can establish some type of regulation (i.e. tax for every fiat withdrawal transaction) in that area but outside of that, really hard as you can't control the usage of crypto via online transactions.

On my country they will make a law but not now, to pay some fee but only if is made a profit from crypto, so if i only buy crypto and hold or get crypto by mining and i not sell and have a profit over a year i not pay any tax.

There are 28 members of EU. Not sure where you got number 5. that was maybe in 1952.  Actually I just checked and was 6 countries back then.


Anyway about regulations and laws and taxes this page might interest you. It is not just about EU but whole world: https://www.bitcoinregulation.world/

Countries can regulate only what they control and cryptocurrencies are not such. They can regulate ICOs, determine tax lows, centralized exchanges etc. But overall regulation on crypto is not possible at the moment.