How the regulations will affect crypto - my opinion

[Wookii]

Hello everyone!

Year 2018 will be the year of regulations. There is no denying it, it is a given thing. But should we be scared or emprace the situation?

In my opinion, the latter is correct. Right now, we have so many bans around the world, the China ban, the credit card purchase of crypto ban in some countries, Thai central bank banning local banks from investing into cryptos, USA ICO ban and the lsit goes on and on. But what is the real reasoning behind those bans? Fear and the lack of regulation. With the upcoming regulation, we can expect those bans to be lifted.

Big investors also try to avoid non-regualted high risk assets. But with the regulations in mind, they will be more attracted toward crypto. All of those things combined, regulation WILL in the end lead to the increase in total crypto volume, which will of course lead to the price increase!

And what do we have to pay in return? A little bit os anonymity. Most likely, most regulations will be only KYC, ICO regulations and some kind of "how to tax crypto." But the first round will be only KYC (for those who are unaware, this mean Know Your Customer) and at least in Czech Republic, we have to tax cryptos anyway (it is not taken as currency exchange, which is tax free, but it is closer to the income from stocks or asset selling). The KYC is nothing to be feared if your intentions are pure and you are not doing any kind of money laundering.

So to sum it up. I am actually thrilled for the time the regulations will take place and the bans will be lifted! It will allow now locked markets (USA and China) to participate in ICOs again, as they will be much more secure, and we can expect more people trading cryptos again. And the big investors to pump up the price quite a bit.

[dealung]

If we understand the purpose of the ban, then we will understand that the government wants the best and safe for its citizens. It's just that some crypto users often misunderstand this ban, which resulted in them panicking and selling their assets fast.

I believe this year crypto will grow and many countries support, but with regulations and policies that make users or investors safe and the government benefits from taxes. So no party is harmed, all equally in profit, investors calm and enjoy, the government also get additional income from tax collection.

[Cryptoguru274]

Hello everyone!

Year 2018 will be the year of regulations. There is no denying it, it is a given thing. But should we be scared or emprace the situation?

In my opinion, the latter is correct. Right now, we have so many bans around the world, the China ban, the credit card purchase of crypto ban in some countries, Thai central bank banning local banks from investing into cryptos, USA ICO ban and the lsit goes on and on. But what is the real reasoning behind those bans? Fear and the lack of regulation. With the upcoming regulation, we can expect those bans to be lifted.

Big investors also try to avoid non-regualted high risk assets. But with the regulations in mind, they will be more attracted toward crypto. All of those things combined, regulation WILL in the end lead to the increase in total crypto volume, which will of course lead to the price increase!

And what do we have to pay in return? A little bit os anonymity. Most likely, most regulations will be only KYC, ICO regulations and some kind of "how to tax crypto." But the first round will be only KYC (for those who are unaware, this mean Know Your Customer) and at least in Czech Republic, we have to tax cryptos anyway (it is not taken as currency exchange, which is tax free, but it is closer to the income from stocks or asset selling). The KYC is nothing to be feared if your intentions are pure and you are not doing any kind of money laundering.

So to sum it up. I am actually thrilled for the time the regulations will take place and the bans will be lifted! It will allow now locked markets (USA and China) to participate in ICOs again, as they will be much more secure, and we can expect more people trading cryptos again. And the big investors to pump up the price quite a bit.

I think you stated some points here but I tend to differ totally with your own opinion because the whole idea about government regulations is taking control. Government is always afraid of losing control. Giving them this singular role will mess the whole situation up in future. Why can't they leave crypto alone and face their business. I don't like the idea because we going to lose our financial freedom. Crypto is all about decentralization! Government have never had our interest at hand before and they can never have. Be not be deceived! Let us not fall to the sucker punch.They are wolves in sheep clothings.

[myhoho]

Goverments firstly focusing on regulating ICOs. Cause ICOs are damaging the stocksmarket.
All goverments are hardly regulating stocks markets and they have emergency buttons to stok hard crashes.
They all know that stocks market is revolutinazing to blockchain by ICOs. And they afraid of hard drops and also politicians afraid from lose their profits which they are getting from early hidden strategies they are using in stokc markets.

Stocks Market is going to lose volume cause of ICOs and this is going to be a very funny movie.

[Wookii]

I think you stated some points here but I tend to differ totally with your own opinion because the whole idea about government regulations is taking control. Government is always afraid of losing control. Giving them this singular role will mess the whole situation up in future. Why can't they leave crypto alone and face their business. I don't like the idea because we going to lose our financial freedom. Crypto is all about decentralization! Government have never had our interest at hand before and they can never have. Be not be deceived! Let us not fall to the sucker punch.They are wolves in sheep clothings.

With the regulations, we will not lose decentralization. Blockchain will ALWAYS be decentralized! Most expected regulation is KYC, which will only hinder our anonymity, not decentralization. And paying taxes from income is common sense, of course our gains might be a bit lwoer, but the decentralization is still there. You will nto have to pay anything while using crypto, all the regulation is in the process of fiat <-> crypto, not crypto <-> crypto.

[lasencja]

My country poland not ban crypto.

[renes]

Every project makes utity token not security token due to the regulations, it will affect the market badly because these tokens don't worth the prices they are traded.

[Wookii]

Every project makes utity token not security token due to the regulations, it will affect the market badly because these tokens don't worth the prices they are traded.

We have to ask ourselves though... Isn't destruction of shitcoin a good thing? As coins and tokens with a good project or innovative functions behind them will nto be affected much by regulations. Price is determined solely by the rule of supply vs demand.

[Ailmand]

Goverments firstly focusing on regulating ICOs. Cause ICOs are damaging the stocksmarket.
All goverments are hardly regulating stocks markets and they have emergency buttons to stok hard crashes.
They all know that stocks market is revolutinazing to blockchain by ICOs. And they afraid of hard drops and also politicians afraid from lose their profits which they are getting from early hidden strategies they are using in stokc markets.

Stocks Market is going to lose volume cause of ICOs and this is going to be a very funny movie.

I agree. Governments, although it is a political body is also a business entity by way of checking out where to get funds for their country. And as such, they would try to take advantage of markets in their local and also in the international sphere to gain more revenue. One of the booming markets nowadays is the cryptocurrency market; I have said many times that it is inevitable that the governments would try to regulate it or impose taxes on it because it's their way of controlling it. When they are laws that regulate its practice, the government gains a hold or grasp of it, and therefore, can be used to their advantage.

[shinratensei_]

I think you stated some points here but I tend to differ totally with your own opinion because the whole idea about government regulations is taking control. Government is always afraid of losing control. Giving them this singular role will mess the whole situation up in future. Why can't they leave crypto alone and face their business. I don't like the idea because we going to lose our financial freedom. Crypto is all about decentralization! Government have never had our interest at hand before and they can never have. Be not be deceived! Let us not fall to the sucker punch.They are wolves in sheep clothings.

With the regulations, we will not lose decentralization. Blockchain will ALWAYS be decentralized! Most expected regulation is KYC, which will only hinder our anonymity, not decentralization. And paying taxes from income is common sense, of course our gains might be a bit lwoer, but the decentralization is still there. You will nto have to pay anything while using crypto, all the regulation is in the process of fiat <-> crypto, not crypto <-> crypto.

As far as know there are some kinds of the blockchain. Blockchain with POS system that used the miners to secure the network. And another just like POS which use staking holders and many others. But the only true decentralized blockchain system is POW. Until the government can shut down all of the miners and then the blockchain will still alive. Regulation will only be related to revealing our identity.
The decentralization of the network never gets any problem about that. Even there are some miners are getting seized by the government and it will never make the blockchain be broken.

[bitctrimor1]

Goverments firstly focusing on regulating ICOs. Cause ICOs are damaging the stocksmarket.
All goverments are hardly regulating stocks markets and they have emergency buttons to stok hard crashes.
They all know that stocks market is revolutinazing to blockchain by ICOs. And they afraid of hard drops and also politicians afraid from lose their profits which they are getting from early hidden strategies they are using in stokc markets.

Stocks Market is going to lose volume cause of ICOs and this is going to be a very funny movie.

I agree. Governments, although it is a political body is also a business entity by way of checking out where to get funds for their country. And as such, they would try to take advantage of markets in their local and also in the international sphere to gain more revenue. One of the booming markets nowadays is the cryptocurrency market; I have said many times that it is inevitable that the governments would try to regulate it or impose taxes on it because it's their way of controlling it. When they are laws that regulate its practice, the government gains a hold or grasp of it, and therefore, can be used to their advantage.

On the one hand, I don't think that government regulation would have a profound effect on cryptocurrencies because it's already happening now. Many governments have began to draft laws and regulations seeking to control how the cryptocurrency market works. The fact is it may even help the market because when laws are present to regulate something, it also comes with safeguards and protection that could be afforded by its supporters and users. Therefore, if many are thinking that the market is unsafe now due to the lack of regulation, then having laws regarding it might just do the trick.

[sparg]

I hope that regulations come to my country (Romania) because now I don't know if I`m working in the legally.
I want to pay taxes and I want to have some assurance that I will be safe from ICO scammers.
I an official response from our IRS they said that even they don't know if incomes from crypto are taxable or not. On the other hand, you have to declare and pay tax for every income you have. So they go against each other.
Sure hope that this year or the next we will have some regulation because i am afraid to be accused of fraud or something and forced to pay all my income to the IRS (or current legislation states that if you have income from fraud you pay it full to the IRS).