European Commission officially proposes regulatory framework for crypto-assets and stablecoins The European Commission has today officially proposed a regulatory framework for crypto-assets and stablecoins after a leaked draft proposal went viral last week. The 168-page official draft proposal (provisional), published Thursday, highlights the need for a "sound" legal framework, clearly defining the regulatory treatment of all crypto-assets that are not covered by existing EU financial services legislation. Crypto assets, especially stablecoins, have the potential to become widely accepted, said the commission. Hence, they would be subject to "more stringent requirements" regarding capital, investor rights, and supervision. The proposal is in line with the leaked version from last week. The commission has today proposed a "bespoke" regime for crypto-assets and stablecoins. "The bespoke regime for crypto-assets will ensure a high level of consumer and investor protection and market integrity, by regulating the main activities related to crypto-assets," said the commission. The main activities include such as crypto exchange and wallet services. https://www.theblockcrypto.com/post/78713/european-commission-official-proposal-regulation-crypto-assets-stablecoinsThis is just a proposal I believe and not yet made to become a law. However, I believe a legal framework will definitely help in widespread adoption of cryptocurrencies in European region. Once the framework is passed as a law, it will encourage the big players in the market to accept cryptocurrencies as their payment method. Having no framework is as dangerous as having a ban because it only confuses the masses and the businesses. Hope something positive will come out from this proposal! |
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In a joint operation with different US agencies and other countries, FBI seized of of Weapons, Drugs and over $6.5 Million in cash and crypto. Coordinated effort to stop the trade of opium trafficking in the dark net. Resulting in an arrest of 170 criminals worldwide. That's great success by the enforcement agencies and congratulations on the arrest of hundreds of criminals. But it's unfortunate that cryptocurrencies are again involved in such big scale drug trafficking case. It seems whatever crime is happening around the world, is somehow getting linked to crypto no matter whether we like it or not! It's not really an ideal scenario when we are talking about organic growth of cryptocurrency into the mainstream economy! |
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Illegal casinos are available in almost every countries. In my country, gambling is legally banned. But the number of illegal casinos are in thousands. They are mostly open by invitation only and not for any common people. So it makes sense for such countries where gambling is banned.
But where gambling is legal and people have the option to play in legal casinos, it doesn't make sense to have illegal casinos where the machines can be rigged. Convenience can't be only thing that plays major role here. It's possible method used by commoners to funnel the dirty money to white money. Because in illegal casino, there will be no KYC requirement so essentially you wouldn't need to answer anyone on the funds you using on gambling. That's what happens to my country as well, mostly black money holders play in such illegal casinos!
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I did mentioned on different threads, banks are not freezing accounts just because they found crypto related activities in their transaction list, they only do when they suspect this used is involving in some kind of activities which goes against the laws of India and they are using bitcoins as payment mode for better anonymity.
Normally when we received money from hacked bank account or paytm account then your account will be locked until the case gets resolves and this is one of the main reason bank and paytm bank accounts got frozen.
Yeah! That's the most genuine justification I can think of. Whatever bank account freezing news we are receiving, are probably linked to some kind of unlawful activity. But as a common people, we have no source to know whether an account is linked with hacking/illegal activities in the past. That's where the risk is! Even though Indian banks can't be trusted in any way because they are super unethical in their dealings. But I doubt that Binance or Paytm has entered into any partnership. It's just another payment method Binance has added to sell cryptocurrencies. I tried searching Binance and Paytm websites but couldn't find any news of official partnership whatsoever. |
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I am a newbie on this forum and I have read my posts that people complaining how they lost their fund as a result of investing on Volatile coin like BTC. Is it now advisable for newbie like me to invest on less Volatile coin like Tether or Gemini USD.
The way many people have lost money, in a similar way many people have made great profits from bitcoin investment. However, when you say investment, you need to invest in some assets whose price is expected to go up in future. So investment in USDT would not really count as an investment. Stablecoins are here for capital protection and not investment. Hope this makes sense! |
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What's the future of finance is gonna be like? The other day I met a guy who called Bitcoin a pet rock because it can do nothing beside sitting in your wallet until you sell it later and I think that guy is salty because he never really use BTC as a store of value or even a currency, then praising eth because he said that he can do a lot with it. Someone correctly mentioned - Diamond is also a pet rock! Just not everyone is privy to such pet rocks like Diamond or Bitcoin! Only few percentage of lucky people can get to use them! If the person has not used bitcoin in his entire life - his comments on bitcoin has no value because it comes from his perspective and not experience! Any interesting take from Bitcoiners on this (DeFi) hot topic? Is the lending/borrowing market really that big? I mean, is there any battle at all? My understanding is that DeFi requires a person to do this and that bla bla bla for them to start earning interest on their crypto while the so called CeFi can do all that as easy as using Paypal to most people. Would love to hear your thoughts, specially those who maybe ever earned something from both DeFi and CeFi once.
Contrary of the popular belief - Defi is not only about lending/borrowing market. Only a handful of Defi companies are using it. It is lot more than this! Try to know about liquidity mining as it is the hottest topic on Defi right now with Uniswap! I personally see no battle between Defi and Cefi. Defi is simply miniscule in front of the traditional centralized finance. However, they are growing at a good rate as more and more eyeballs are getting attracted to defi everyday. So if someone is turning blind eye from any one of these - is simply loosing opportunities. A gentle mix in Defi and Cefi in your portfolio will help you to get the best out of two worlds and it is much more desirable than a battle! |
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hi
how report interpol about site dice
pls any one help me report to police interpol
about dice site
and this will help alotof peopel got scamed from sites dice
Interpol is not the police agency for common people. It is the police agency for the polices. So enforcement agencies from around the world, report any international crime to Interpol. So it is impossible for you to report to Interpol in any way. If you have solid and documented proof that any particular casinos is cheating people, you can get in touch with the Cyber Crime department of your local police station. If they find any instance of international crime after investigation, they will report it to Interpol if necessary. You don't have to do anything there! But make sure you are not taking to the air - you need to have solid proof of cheating! |
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Its consistently higher that what the normal currency exchange rate would suggest in Asian countries.
For example if you multiply the USD rate of 1 BTC with the CNY rate, its 1 BTC = CNY 73,600, but exchanges there have it around CNY 75,500.
In other countries in Asia and South America also BTC is more expensive to buy in non-USD currencies than in USD.
Why is this the case?
That happens every single time! Even in my local currency, I have seen this trend and I believe it is because the buyer is willing to pay higher price or bullish about it. Usually in p2p platforms like Localbitcoins or Paxful, a higher buy price usually get more visibility among other buyers, so that can be another reason for keeping such higher price. But it's not only in Asian countries, even in Latin American countries, I have seen similar trend. USD is just a single currency to calculate bitcoin's price, it doesn't necessarily have any control over the decision process of bitcoin price. It's just an identifier! |
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Ever thought of ways to increase your wealth through some online gaming platforms? https://www.kingbillycasino.com/en-AU/games/slots got you covered as it's the best online gaming platform that offers its users chances to increase their wealth within a short period of time. I see that the casino is being operated by a company called Direx N.V under standard Curacao license. However, the main company is registered in Cyprus as "Direx Limited" having registered address as "12 Kolonakiou Street, West Block, 1st Floor, Office/flat 101, Agios Athanasios, Postal Code: 4103, Limassol, Cyprus." Now after is tried searching through the company name led me into an astonishing information reveal. I don't know if these are true or not. It seems Direx NV operated not less than 39 casinos worldwide including Bitstarz. Please see the link below, https://www.askgamblers.com/owner/direx-n-vScreenshot from King Billy Casino:  Screenshot from Bitstarz:  If I am not mistaken, Bitstarz already has a tormented history because I have seen a lot of scam acquisitions against it. Both King Billy and Bitstarz are being operated by same operator so I think people need to take cautious approach here! |
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Looks like Chinese companies in general is trying as hard as they can to register a lot of patents on the market. Quite understandable since they also have the BSN network, which is a big deal for any company who want to do a blockchain business over there.
But still, just how many patents will actually be useful and not some marketing gimmick?
Jack Ma's Alibaba group is indeed leading the race of patents. However, we need to be very very careful about this because every company in China is very well connected with the government and Alibaba is a China grown conglomerate. I see it as a reflection of their expansionist mentality. They very well understand the benefits of blockchain and gearing up for the future. |
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I'm sick of the fees on Ebay it's become totally unprofitable for some items due to the massive fees. I use Facebook marketplace but that's more for local sales.
With crypto Ebay you could have near zero fees and have a decentralized marketplace model. I know there are things on TOR etc, but I just wouldn't trust it tbh..
Why do you presume that crypto marketplaces will have zero or less fees than traditional markets? I am sure crypto related ecommerce websites will have more fees when coupled with transaction fees which will also eat into your profit margin. Decentralized model is not always sustainable when it comes to an online marketplace that sells physical goods. Also the trust factor matters a lot! Don't stay under the impression that everything decentralized is good! |
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I somewhat agree to your points but not entirely. Freelancing websites are actually bringing more opportunities to the freelancers instead of killing it. What killing the market is high competition. If you look 10 years back, there was only a handful of freelancing websites with limited numbers of freelancers available. Nowadays, there are hundreds of them available at any point of time.
As per the rule of economy, the price always starts dropping whenever there is competition. That's exactly what is happening with freelancing economy as well. It worsened when Chinese and Indian people started entering this market, it dropped the price ever further because their cost of living is much cheaper than any western country.
It's all about competition nowadays which is killing the price. Websites are rather helping to bring more jobs to the freelancers. That's from my personal experience but you may have a different experience altogether.
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Yes, I just read it today morning! This Fincen drama is going to create a lot of issues in coming days and weeks for some of the biggies of world politics. But anyway, that's not the main focus of the thread.
Here you are essentially comparing a thousand years old system with an 11 years old system. So the comparion doesn't make much sense! The main currency system in the world is completely fiat based so it's no wonder that fiat will be used for all major money laundering cases. If you compare between the volume of fraud happening with crypto against fiat related frauds, obviously the crypto numbers will be minuscule. But that doesn't provide a clean-chit to cryptos or the license to commit fraud!
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someone already posted a thread about this subject which is this link https://bitcointalk.org/index.php?topic=5276235not the kind of transition that a crypto fan would like but its happening. very disappointing but maybe an indication that crypto adoption could be widely be accepted. banks will still have a place in the future. I don't know what makes you disappointed about this news, but possibly that's the future. As a crypto fan, if you want to see adoption among the masses, this is the way forward! I think you should be cheering about this news because a crypto exchange is now named as a special purpose bank instead of seeing a mainstream bank named as a crypto company! I am sure we will be seeing more and more such news from around the world because Banks will have to with evolve or they will loose the battle of business in the future world. I find such kind of news amazing because it excites me about the inclusion possibility that cryptocurrencies will be enjoying. Think about the credibility factors as well. Cryptos are lacking that part big time. Such kind of news will level the playing field for cryptos in the world of economy! |
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Banks simply don't freeze the account just because it involved in the crypto related transaction since there is no restrictions now in India against crypto currencies.So you need to assume that you account connected to somewhat illicit activities as you mentioned above with or without knowledge of you.
Example:
Someone hacked a bank account,
Create an account on localbitcoin with fake ID and mobile number (because its easier to get in India)
Buy bitcoin by responding to different ads on LBC
Now hacker still being anonymous but laundered the hacked money into bitcoin
Finally the trader of LBC will be accused of hacking that bank account.
Is it clear now, why people's bank accounts are locked?
Probably yes! But since there is no way to know whether a trader is linked with such illegal activities, we are taking a huge risk! I think if a company start issuing a debit card in India, that will be a big plus as well as safe. At least we won't risk loosing out bank account and associated regulatory hustles that comes afterwards. Indian legal system is very weak and common people often don't get justice from the system. Do anyone of you know any company that issues crypto debit cards to the Indians? |
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the world is getting ready for huge bull run.
usa is prapring easing all the restrictions usa will be among the first ones to trun back normal.
the next 2 years we will experince enourmous bull run in everything all bull market going up.
the economical good bull run will start from usa first.
the money can be made.
crypto some coins will go up like 10000x or even more.
the stocks will go up.
the banks will give people record ammount of credit.
everything will be so bullish next week usa will ease all the restrictions there will be announcement that all good in the hood.
USA is not world! So even if the restrictions are eased in US, there may not be any impact on the world economy. We all know that economy will come back to its track sooner or later, but that won't happen just because of restriction easing. Governments around the world will have to create job opportunities so that the commoners have money to spend. Only then we will see a positive cascading effect on the economy. USA is likely to make out big because of the trade war with China. Because China has very low credibility around the world, US may win new businesses and opportunities. other countries like India or Philippines are also likely to be benefitted from this trade war. But it will take a good long time for the world economy to back on track! |
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I am not sure how are you calling these as skill based games! I have just tried these games under fun mode and it looks and works like a traditional slot games! I have already given some example for skill based games like - 8 ball pool, Carrom, Clash Royale or PUBG! These are true skill based games even if we are playing against the computer or bot. Is there any possibility for your company to bring such games in future? Playing against the computer, no, I don't call it as skilled based game too as there's an edge and that will make us lose in the long run. Sports betting is more like an skilled based games, that's the right definition of a skilled based game as you cap the games and you put your pick based on your analysis and there's no house edge in here. Those who think sports betting has a house edge, I think they have no idea what they are saying as I've been playing sports betting for many years and though I am not a kind of a consistent winner but I never blame the house edge that doesn't exist. I wouldn't say Sports betting is a skill based game though. It definitely needs knowledge about the game but at the end of the day, it's all about luck unless that game is jacked by some bookie. Pure skill based games are very different. What sportsbet is claiming to be a skill based game, is a pure eyewash! It doesn't have any relationship with skills! |
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Why Ripple (XRP) might be the future of digital payments Check out the discussion here: https://www.youtube.com/watch?v=FmiBm2LQlykRipple, the world’s fast-growing crypto payment powerhouse, works with bank regulators and policymakers in several governments for the adoption of digital payments. CryptoWhale, a crypto analytic firm, in a series of tweets, recently spoke on the odds of giving XRP the edge, as it works with government regulators on compliance. Ripple has a very prominent chance of becoming the future of the digital payment system. If you go to Ripple's website and look at their customers section, you will be surprised to see the number of banks they are partnered with. They have a brighter chance among the peers. But Ripple is not entirely a cryptocurrency by nature. They are more like a centralized company which issues their own money. Can't really comparable with true cryptocurrencies! |
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Central bank digital currencies (CBDC) are coming fast. Recent article focuses on impact of digital yuan (likely first) to dollar, but what impact will it have on bitcoin or any? I know they are not the same thing, but will eventual widespread adoption of government issued e-currencies (a given IMHO... just when) help or hurt bitcoin? Geopolitical fallout of central bank digital currencieshttps:/Geopolitical fallout of central bank digital currenciescointelegraph.com/news/geopolitical-fallout-of-central-bank-digital-currencies China might lead the charge into the digital economy, but will being the first major economy to launch a CBDC be enough to win global reserve currency status?
As China will be the first nation to launch a CBDC, the changes a digital yuan promises for global economics and the role this plan plays in pushing for a “currency war” keeps its project in headlines No Impact will be seen on cryptocurrencies due to the worldwide release for various CBDCs! CBDCs are as good (or bad) as fiat currency, now with more transparency to the government. So now with CBDC, government will have a bird's eye view on your personal finances. They will know how much you earn and spend with just a click on their computer. How on earth it will impact cryptos? I don't see a justified reason for CBDCs to impact cryptos in any way! We are anyways using our mobile wallets to pay for everything now. During the lockdown period in our country, I personally have not used cash. I even paid the salaries of my maid and my car wash person using my mobile wallet. CBDCs will be very similar to this system. Cryptos belong to a very different world altogether. |
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Sadly, the beginning of the end for Bithumb has already begun. This is going to be all spiral downward for the country's top cryptocurrency exchange. Beginning from the first raid which was almost immediately followed by a second raid. And now the enforcing of the seizure.
Bithumb traders will probably be leaving in large number from this exchange. I would do the same if I have an account in there. This platform could close anytime.
True! No one would continue trading on a troubled platform knowing that enforcement agencies are behind it! Even though their international entity is not touched by the agencies but still the credibility factor may force the active users to leave. I believe when the owners can't keep things clean and transparent, it's better they close down their operations. |
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