The US government declares not to pass any regulation to Bitcoin

[anhzaibro]

The US government will not pass any Bitcoin regulations at all, at least according to a White House official.

Rob Joyce, Special Assistant to the President and White House cyber-security coordinator, said in an interview with CNBC that despite government concerns about Bitcoin and other publicity secrets, officials There is still a long way from developing a formal policy framework.

"I think we still study and understand what good ideas and bad ideas are in that space," he said of the destructive power. "So I do not think it's close."

Joyce, who spent 27 years at the National Security Agency, said the White House is most concerned about the possibility of criminals using passwords to undermine anti-money laundering policies at financial institutions. traditional.

"We are worried. There are benefits to the bitcoin concept - digital money, digital money," Joyce said. "But at the same time, if you look at the way bitcoins operate after a crime is committed, you can not rewind and take back that money," he said. "With the presence of bitcoins and other secrets, we have yet to find it, so that's a problem."

Joyce's comments reflect the words of Treasury Secretary Steven Mnuchin, who said he would like to see secret e-wallet providers being regulated under the AML / KYC guidelines as banks and corporations. other financial services.

"That is something we are looking very carefully and will continue to look at," Mukuch said in January. "The first and most important issue is to ensure that people can not use bitcoin for illegal activities, so we want to make sure you do not have a dark website sponsored by And that's what we care about today. "

Of course, even if the approval of the Ministry of Finance, the use of cryptocurrency accounted for a small percentage of the volume of illegal transactions. The most common currency involved in illegal trading? - U.S. dollar.

Meanwhile, regulators have warned lawmakers against blocking new blockchain ecosystems with imperious regulations. At the recent US Senate hearing, for example, CFTC Futures Commission Chairman J. Christopher Giancarlo has confirmed that any new Bitcoin regulations should be "carefully revised" Solve specific problems found in basic markets.

Source: http://www.only4free.net/2018/02/nh...thong-qua-bat-ki-quy-dinh-nao-ve-bitcoin.html

[DarLim11]

This is quite a good news since no one will control the cryptocurrency world for the meantime. But this may encourage illegal transactions which is not a good thing.
If that is the case then it might be better if there are regulations to be implemented as long as it will not impose bad effects in the cryptocurrency markets.

[HoangDooo]

I'm just seeing what will happen ))

[Proton2233]

I don't share your optimism. The lack of clear rules on the use of cryptocurrencies makes you vulnerable. At any time, you can become a target for the tax service. Governments are preparing for a war against cryptocurrencies. I do not understand why programmers do not prepare bitcoin for the possibility of Autonomous existence. After the attack of banks and government, we will have nothing to answer.

[buwaytress]

I don't share your optimism. The lack of clear rules on the use of cryptocurrencies makes you vulnerable. At any time, you can become a target for the tax service. Governments are preparing for a war against cryptocurrencies. I do not understand why programmers do not prepare bitcoin for the possibility of Autonomous existence. After the attack of banks and government, we will have nothing to answer.

And you're a perfect example of why every piece of news has both sides, depending on how the information is analysed. But there's a small assumption that most people are making here and it's that regulation is automatically assumed to be a bad thing - or at least as a restrictive effort on Bitcoin development and adoption. Again, not necessarily true.

I'm never swayed either way (positive or negative) by news any more. The way I'm looking, development will happen regardless, and price movement is completely independent of outlook.

I think you could be mistaken in that programmers aren't "preparing Bitcoin... for autonomous existence". That was already achieved from the inception, no?

[YuginKadoya]

Well there is a recent bitcoin hearing where the topic is about the regulations of bitcoin regarding taxes and the afflicting problem with crimes that involves the use of bitcoin or other cryptocurrencies, They have engage in virtual currency ecosystem a replacement for dollars ICOs, like a stock offering and distributed ledger technologies, or the technical framework generally known as blockchain, And the ICO's fraud concerns But I guess they have defended bitcoin very well and will leave bitcoin for the time being.

[ostrovagaly]

Such news is generally checked by time and after some waiting time you can see the result. But no one wants to become a victim of scammers, and therefore programmers must accurately tackle the automation of bitcoin.

[NeuroticFish]

"But at the same time, if you look at the way bitcoins operate after a crime is committed, you can not rewind and take back that money," he said. "With the presence of bitcoins and other secrets, we have yet to find it, so that's a problem."

They can take back that money easily. They just need to find out their legal (or not) equivalent of the 5$ wrench (reference) and they'll transfer that money wherever they want.
Of course, burying their heads in the sands is easier. Even ostriches do that.

[Kprawn]

Everyone are worried about Bitcoin being used for this and that illegal thing, but most of these criminal actions are being

committed with the US Dollar. Let's take the Saudi for instance... I just watched a documentary that detailed how the Saudi

government funded certain wars. Millions of US Dollars were transported in crates in the back of cars to fund these wars.

There are even a law suite going on at the moment, where Saudi connections were linked to the 911 attacks.

https://www.opendemocracy.net/north-africa-west-asia/tariq-al-shammari/families-of-911-victims-to-sue-saudi-government

Why are these governments worried about Bitcoin, if the most cruel attacks are being funded by the US Dollar?

[Dluretic]

U.S. officials believe the bitcoin is inseparable from and blockchain, and that is the case, but their attitude to the ICO is not very optimistic, so investment ICO into a high risk of channels.

[CCRBNews]

They may not be regulating it but they are bringing in legal process to access users data for tax purposes.

http://learnccrb.com/2018/02/coinbase-to-send-13000-users-data-to-the-irs/

[antagonist]

The US government will not pass any Bitcoin regulations at all, at least according to a White House official.

Rob Joyce, Special Assistant to the President and White House cyber-security coordinator, said in an interview with CNBC that despite government concerns about Bitcoin and other publicity secrets, officials There is still a long way from developing a formal policy framework.

"I think we still study and understand what good ideas and bad ideas are in that space," he said of the destructive power. "So I do not think it's close."

Joyce, who spent 27 years at the National Security Agency, said the White House is most concerned about the possibility of criminals using passwords to undermine anti-money laundering policies at financial institutions. traditional.

"We are worried. There are benefits to the bitcoin concept - digital money, digital money," Joyce said. "But at the same time, if you look at the way bitcoins operate after a crime is committed, you can not rewind and take back that money," he said. "With the presence of bitcoins and other secrets, we have yet to find it, so that's a problem."

Joyce's comments reflect the words of Treasury Secretary Steven Mnuchin, who said he would like to see secret e-wallet providers being regulated under the AML / KYC guidelines as banks and corporations. other financial services.

"That is something we are looking very carefully and will continue to look at," Mukuch said in January. "The first and most important issue is to ensure that people can not use bitcoin for illegal activities, so we want to make sure you do not have a dark website sponsored by And that's what we care about today. "

Of course, even if the approval of the Ministry of Finance, the use of cryptocurrency accounted for a small percentage of the volume of illegal transactions. The most common currency involved in illegal trading? - U.S. dollar.

Meanwhile, regulators have warned lawmakers against blocking new blockchain ecosystems with imperious regulations. At the recent US Senate hearing, for example, CFTC Futures Commission Chairman J. Christopher Giancarlo has confirmed that any new Bitcoin regulations should be "carefully revised" Solve specific problems found in basic markets.

Source: http://www.only4free.net/2018/02/nh...thong-qua-bat-ki-quy-dinh-nao-ve-bitcoin.html

this one huge big big news for us here whom know and understand true thing about bitcoin , only thing we want is that government turn ugly face and keep disgusting cocaine nose of theirs out of our bitcoin life that we are living paradise style here in this place , only if they happy to destroy paradise landscape that now all of us dwell like king in this place then they will regulate but i know it that they will not do
government also they enjoy big monie thing that is happen here in bitcoin world , they also they take big big huge benefiting from this one , so never they will stop it

[dothebeats]

It's kind of a gray area, which I think wouldn't benefit bitcoin at all since it would probably scare the average people away knowing that their government wouldn't touch bitcoin. Some users might celebrate about this, but others who seek for some kind of assurance in their investment probably wouldn't. Ultimately thoigh, it's good that they're trying to define bitcoin carefully so as not to make the wrong calls on the regulations they might imposed. Only time will tell how this would pan out, and it could benefit bitcoin or could be detrimental to its growth--no one knows.

[surfinonmyownwavebaby]

U.S. officials believe the bitcoin is inseparable from and blockchain, and that is the case, but their attitude to the ICO is not very optimistic, so investment ICO into a high risk of channels.

Why is their view not optimistic for ICOs? As far as I can tell they want to crack down on the fraudulent ones and that ones that pose as securities, I have no issues with any of this. They finally got it correct that Bitcoin and blockchain are one and stop using their silly mantra of "We like blockchain, but there is no use for Bitcoin", smh.

[Kemarit]

In other news,

(https://bitcoinist.com/u-s-commodities-regulator-allows-its-employees-to-trade-cryptocurrencies/)

So this is a strong message, CFTC’s Chairman J. Christopher Giancarlo allowing SEC to trade and invest on bitcoin. So I'm still optimistic that US will be somewhat still in the neutral grounds, no regulations but will tax citizens engaging in cryptos. And isn't it when Trump became President, he sought out crypto and friendly advisers? So this might be one factor that up to this moment, we are seeing positives news about it. Again, the argument that crypto is being used by criminals and terrorist is already put to rest already, they should look at how the USD has been used for many years. If then want to stop funds being channel and used by terrorist then they before be tracking all the banks accounts of everyone and not just blame bitcoin and crypto for the emerging problems of terrorism globally.