Bitcoin Forum

The rule of cryptocurrency mining is straightforward in the USA. As per the rule of any individual either own or use the cryptocurrency in the USA, then he should also be able to mine it in his own location.

Read here: https://coinpedia.org/cryptocurrency-regulation/cryptocurrency-regulation-in-the-usa/

Let me know your point of view on this?

in my opinion the regulation issued by the American government is not too pro-government, and does not discredit crypto. I think it's fair, that tax could be imposed on crypto because it's a property, not a substitute for currency. Overall, I think many people will not object to the regulation.

Agreed with the conclusion that already taken by the writer if US looks friendly with crypto consider from all of the regulation that already mention.

But US still needs crypto compliance regulation to make sure if there will be a very strong framework to adopt it

https://cointelegraph.com/news/us-sec-prioritizes-crypto-compliance-in-2020-but-hints-at-kinder-gentler-approach

We are still in the progress to make all of countries will be adopting crypto naturally. I believe before 2030 we will see so many countries will try to create their crypto regulation framework to anticipate the crypto boom.

I really admire USA when it comes to regulation. Though there are really obvious instances that there are some glitches on the processes but they are looking for a better way to make it right and fair to everyone. The taxes imposed to Cryptocurrency was just fair enough as I can see.

IMO it's a good regulation from them but they should not be focusing on this. They should take a look at those exchanges that are not allowing members from their country.

The problem isn't from the exchange but it's their regulation towards people who will access to those exchanges.

The regulations made by the US are very wise and do not difference. The regulation of cryptocurrency where every owner is taxed is a good regulation and is sufficient for everyone. US is a developed country that is able to make fair regulations for cryptocurrency users.

My opinion is its laughable watching the government scramble to find the right place to add roadblocks on crypto
They need to realize, this tech was directly MADE to stop their power gripping, and to show people theres a more transparent way to do this
Decentralized banking and governments, that is the future of the world, DAOS for everything.   they can make all the laws they want, we will laugh and continue to circumvent them
Pay your crypto taxes people!

well because competition about crypto the US will make it easier given that China is one step ahead in regulating crypto so my opinion about this is a good start for crypto countries are starting to take the opportunity on crypto

That's not plausible I think. US regulation is very strict on cryptocurrency. It seems their Government are really needed to have some side kicks or excise tac for blockchain enthusiasts. How about those developers from USA is their treatment the same or only those whale investors? I guess not. That's why China will probably defeat them when it comes to blockchain development.

True, it will be a good start if there are some developed countries that are interested in cryptocurrency, because it will also be the influence of the development of crypto in the future.

It's still quite unclear.

What you said in OP should be very common knowledge, but the fact is that the tax code as well as a lot of classification of cryptocurrencies (whether as a commodity, security, or whatever else they decide to call it) is very ambigious and unclear, making double taxation as well as certain restrictions being in place that fail to address the needs of crypto users.

If the US doesn't step of their game soon I think it'll be inevitable they're overtaken by a more forward country soon as a crypto hub.