Yes i think this is a very positive move that stable coins are getting more regulated.

Regulation leads to legitimacy of crypto so the more that banks and law makers become involved, the better it is for all of us.

BTW: US lawmakers do not require anything now, contrarily to what you posted. Atm the bill has only been introduced.

Don't want to be a pain in the ass, but if you want to write about legal subjects, make sure you write accurately and precisely.

Why always kyc mandatory?

What are they do with our information if we submit kyc?


I am new in Crypto industry so from 3 month i try to trade on Exchanges i mean Best exchanges like (Binance, KuCoin etc)
So when i try to withdraw big amount like more then 1k - 5k Dollars they asking for kyc so now i really Don't want submit kyc in any exchange.

Please suggest me some exchange where kyc is not needed at all.

Crypto created for no tracing so why kyc?

Is they Tracing us ?

It won't have an impact on crypto currency because it is going to be a stable coin 1:1 to USD.

The real question is, will regulators allow Libra again with this new set up or will they stop it again just like the first time? Libra or Facebook has already attracted the brunt of regulatory commission that personally I think that it will be block again, no matter what changes they will do. Regulatory body doesn't want to give Mark too much power to disrupt the financial world, simply as that.

Although I am earning some Bitcoin here and there, I try nowadays to spend as small amounts as possible; I hope that this will pay off big time somewhere in the next year(s).

However, since my son's tablet's charging is basically dead and since that tablet is from the days of Android 4.*, I've ordered for Black Friday a new tablet which he will find under the tree.
I've used Binance's (virtual) card, I was not able to buy directly with Bitcoin this time...

Probably keeping it for the next years.

I'll use cash for buying gifts. I think that's much satisfying than using bitcoin for buying it. We're on the uptrend and each sat is important to me.

Lately i see many new crypto exchanges / shitcoin exchanges.
I find that creating new exchanges these days isnt profitable anymore, why would someone switch from a long known exchange like binance/coinbase/etc. to some brand new exchange? Even with a marketing campaign, theres not much you can innovate. All exchanges that promise "no KYC fiat trading" is either a scam or will be shut down due to AML policies.
Exchanges which allow anyone to list their own coin ( exists ) are very vulnerable to Dip and Ditch schemes.

Overall i find working on a new Crypto Exchange a waste of time, money and effort unless you have some truly insane idea.

Am i wrong? Correct me if im wrong, willing to hear all your opinions.

Now in this topic i want expert suggestion that lots of new people like me we are doing future trading. Now i noticed that market condition is soo much dangerous. Now what can we do so that we can't in loss plus we need your suggestion so that in future we can handle that type of situation easily.
Now what you want to suggest us?

The trend that whale purchases are also driving retail investors is certainly cause for optimism, as it shows that Bitcoin is still in the nascent stage of its bull run . The big capital of new retail and mainstream investors have not yet entered the cryptocurrency market.

Another data from Glassnode seems to  confirm the veracity of these observations : the number of Bitcoin addresses with more than 100 BTC, in fact, reached the highest level of the last seven months at 16,271.