It's all for now. We need to believe and be guided by documents and laws. And there are very few laws and other by-laws of China on the issue of regulating crypto-currency. The actions of the Chinese government with respect to the crypto currency are very controversial, therefore, not everything that Chinese officials say is then embodied in the adopted documents. I do not yet see the purposeful activity of the Chinese government in relation to the crypto-currency. They are still looking for their way to solving the issue with the crypto currency. They are not even in a hurry to implement their centralized national currency, as discussed earlier.
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For now, we can see that each country in its own way solves the issue of legalizing bitcoin and crypto currency in general. There is no single approach and unanimity. Therefore, decisions on this issue are very controversial in general. Everything will depend on how bitcoin will manifest itself in the near future. Many governments consider bitcoin to be very risky to invest, because, having a high cost, it can be deflated in its price as a financial bubble.
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n way we not afraid for the required KYCs i think its good for our security
I do not understand how it can be good for security that you transfer your personal data and copies of your documents directly into the hands of scammers? According to statistics from 902 ICO projects, a third turned out to be scammers. Even if a company that conducts an ICO and is registered in a country where it is required to conduct a KYC audit, this does not mean that such a company will not later be fraudulent.
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A bit strange. In the news flow, the words and the opinion of the head of the central People's Bank of China that he believes that bitcoin and other digital crypto-currency can not be considered a means of payment on the territory of the country are also higher, and here, with reference to his own words at this conference already stated that he recognizes that technical progress in the field of crypto currency can not be stopped and therefore he admits that a crypto currency in one day can squeeze ordinary money. This is a diametrically opposite opinion. Therefore, periodically, and there are news that are fake. Most likely, as always, everything is inaccurate translation of news.
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If the survey data is correct, this indicates a great interest in crypto currency in Russia. It will be difficult for the State Duma to adopt a bill on the introduction of criminal liability for the use of crypto currency as a means of payment.
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At relatively small price values, bitcoin, of course, does not pose serious risks for investors. It will pose a significant risk when it reaches large values for it in its value. What course for him will be such a limit, while it is difficult to say. Perhaps, this will be equal to the price of 70,000 - 100,000 dollars, while it is difficult to say in advance. We must observe how it reacts to a specific price value.
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When the crypto currency has been in decline for the third month, such news is not encouraging. Of course, this will slightly affect the short-term course of bitcoin, but it will then recover quickly, as it has already happened more than once. China recently can not understand what they want and what their goals are. In such a large country and with such a huge amount of people completely to prohibit the crypto currency after a significant part of the population learned its advantages and became very interested in it, it is almost impossible. People vseravno will seek and find ways to bypass prohibitions, because they can not prohibit the Internet. At the same time, the Chinese government does not offer any solutions to its issue, even for some reason they are not in a hurry to create their own regulated crypto currency. In my opinion, such a position is obviously losing, as China loses its possible profit.
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Now there are really a lot of good and promising coins with functionality even better than in bitcoin. The competition between different types of crypto currency only increases and this, in principle, is very good. Bitcoin recently really lost his popularity due to the accumulated deficiencies in him. What can you do, these are the laws of the market. If bitcoin wants to keep his place as a leader, he must constantly improve.
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This will be a token apocalyptic event wherein all the government regulators around the globe will start ordering exchanges to delist ICOs because they are illegal.
If you are still holding some ICO/crowdsale/presale coins or tokens, give yourself a favor and sell them now.
Your thoughts are not based even on sound logic. First, all countries can no longer simply ban the ICO. Most likely, in the near future ICO campaigns will be regulated, and this does not mean that they will be declared illegal. Secondly, even if ICO campaigns are banned, this does not mean prohibiting tokens that were released as a result of the ICO earlier. The ICO campaigns are still very much in demand and make a good contribution to the development and improvement of the crypto currency.
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If I see in the ICO campaign conditions before joining as a campaign participant the signatures that they do not exclude the requirement for KYC verification in the future, I do not join such an ICO campaign. Considering that about a third of the ICO campaigns turned out to be fraudulent last year, transferring their personal data and copies of the passport to them, it's entirely voluntary to transfer them directly into the hands of criminals. Careful study of the project ICO and his team does not give full confidence that such a company will not be a fraud.
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KYC is becoming a big problem for ICO investors and bounty hunters as well. It is hard enough as it is to find a promising and reputable ICO to invest your money and time in; and some inevitably turn out to be scams. It is a terrible prospect to lose your ID related information in addition to your money, if the ICO turns out to be a fraud.
For investors and bounty hunters, holding KYC in ICO campaigns is really a big problem now because there are so many fraudulent ICO projects now and it turns out that we transfer personal data and copies of our passports directly to criminals. Moreover, bounty hunters are not investors and there is no need to conduct such a check. Avoid such verification by not joining such ICO companies, because ICO companies begin to require the provision of identification information and copies of passports after the ICO, when counted earned tokens and refuse to pass a test, KYC means to abandon their tokens.
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The December sharp increase in the bitcoine rate to $ 20,000 actually showed that bitcoin was growing in price solely due to the speculative speculative demand for it and clearly showed itself as a financial bubble. After that, many began to talk about him as a bubble. Now there is nothing wrong with this, bitcoin will be too risky at later stages of its price growth. For its holders, the key issue will be to drop bitcoin in time before it starts to be blown away. However, it will not be soon. Perhaps it will be years.
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I do not even doubt that the Supreme Court of Russia will ban the above-mentioned site, where questions about the crypto-currency are discussed. I visited the site once and even registered there. This is something reminiscent of this forum, only in a much smaller scope and possibilities. Most likely, after its prohibition, this forum will be banned for Russians, because it is similar to bitcoinfo. en. After such a step, it will be unambiguously clear that the Russian government is not going to recognize the crypto currency and allow non-circulation on its territory. As always, they say one thing and do another. I'm sorry for the Russians, they really have an authoritarian rule, where freedom of speech is completely absent.
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Back in the game? Paying 24.2% taxes? I don't think so. With so high taxation (I suppose it was much lower) I think the exchanges will move to other tax-friendly countries to avoid it. At the end, all the taxes are paid by the customers. Bithub would increase the fees due to the higher taxation and the people would move to other crypto exchanges because of this increase. What remains is to find out what will happen to the 200000 signature petition.
As far as I remember, a 24.2 percent tax is levied from crypto-exchange exchanges, and not from citizens. When taxing citizens, it seems like a lower rate is applied. However, if so, it is even better than the ban on dealing with crypto currency. As for the requirement to identify a person when carrying out operations with crypto currency, then most likely, such practice will soon be in most countries.
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If earlier all tried to buy mainly bitcoins, then taking into account the decline in its popularity due to the accumulated deficiencies in it and manifesting itself as a financial bubble in December of last year, it is better to have altkoins along with bitcoins, and first of all ethereum. Moreover, ethereum is needed very much in many cases of moving available tokens.
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I think, anyway, all projects will come to this procedure. The KYC procedure will be an integral part of any of investment option in the near future: token sale or reward for bounty campaing. And it will be the requirement of local regulators of any country as regulation of the cryptomarket is in the future inevitable in all countries
There are no investment projects, including investments in ICO. Here it is a question of those cases when the ICO team demands to pass the KYC check in the participants of the generosity campaign, in particular, the signature campaign. It was in them that the ICO team recently began to demand that such a test be conducted. And, as a rule, this is done not before joining the campaign, but after the end of the ICO campaign, when there is no sense in conducting such an audit. And they do it simply because they do not pay the earned tokens to those who refuse to provide their identification data and copies of passports. Since before that, as a rule, no one warned that such a check would be conducted, I consider this to be a fraud on the part of the ICO team, since they are actually deceiving not to pay the earned tokens.
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In most countries, there is a rule that everything that is not prohibited by law is allowed. Therefore, if bitcoin is not regulated by the state and not banned, then it is legal and it can be legally used. True, state and judicial bodies will treat the crypto-currency differently, given the absence of direct regulation.
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Is buying BTC currently a good idea, or should I be going with ethereum? Pls suggest...
At the moment, it makes sense to buy bitcoin, because since February 26 a new version of Bitcoin 0.16.0 has been released, which differs from the previous version of bitcoin with full SegWit support, which compresses bitcoin in the transaction volume and thus solves its scaling problem. At the same time, this will lead to the speed of transactions and the reduction in the amount of its fees. Therefore, bitcoin should now recover in its popularity and quickly begin to grow in value. Now we can already see that in recent days bitcoin has really started to increase slowly in its value.
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First of all, I assess the prospects of the ICO project, its need and utility for the society, and taking into account this - will the released tokens be in demand, and therefore will grow in value. The initial price and even the initial profit is not always decisive when choosing an ICO campaign, I want to support the company that is preparing the necessary and promising product so that the released token exists for a long time and develops.
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In most countries, the crypto currency is still in the so-called gray zone, when it is not recognized by the state, but is not prohibited by it. This is the time when there are no normative acts that would regulate circulation of the crypto currency and would establish taxes on profits for its use. In this, as we see, there are both positive and negative aspects.
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