Cryptocurrency regulation?

[python13]

Bank of America filed three patent applications for the use of blocking technology to track and validate the identity of users, and validate changes in the identity of users.

Is it possible to track Monero users for example? Or any other crypto with technology of high anonimity? Zcash also.

Zcash is designed to be anonymous

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[lepricoin]

it seemed to me that the crypto-currencies were invented in order to avoid regulators, to reduce the commission, and to make transparent all transactions

[rindo]

yes it is a fact that a lot of illegal activity is directly related to the use and trading of cryptocurrencies. There is bigger potential to be use for market money laundering and easy for the organize crime to move is funds. However we cannot directly point the finger to the digital coins. They have also a lot "goodness" potential to contribute to the world. Therefore the position/statement of the Central Bank of Singapore related to the digital coins is the most correct at this moment, in my personal opinion.

[Granxis]

It is very difficult for Bitcoin to be legalized by governments, Singapore banks refused to recognize Bitcoin.

[Gradus728]

The price of bitcoins can also be sensitive to the dollar rate, as the Trump administration takes steps in the tax reform. The budget resolution passed by the Chamber may allow the bill on the tax to pass through the Senate, without the need to secure the support of a majority of votes. In addition, the forthcoming preliminary reading of GDP can stimulate additional volatility, as well as the announcement of the candidacy of a new chairman of the Fed's board, which may happen in the near future.

[Gradus728]

Google Chrome introduces the Coinstorm crypto currency application, Cycec is already working with blocking technology, the accelerator is launched in Tokyo, the Singapore Central Bank is not going to implement crypto-exchange regulation, IT developers have received digital certificates at the ceremony in Dubai, the Bitcoin Core exchange will protect clients' funds from the consequences powerhouse SegWit2x.

Coinstorm - the world of crypto currency in the Google Chrome browser extension
Do you often use crypto-currencies and are afraid of sharp changes in their rates? The solution called Coinstorm will help to forget about the headache of constant monitoring of the crypto currency market, as it was developed taking into account the actual trends of the financial world.

[GreenBits]

No doubt about the future of fiat money: it's gonna be replaced by cryptocurrencies.
But does virtual money need a REGULATOR?

Why wouldnt it need a regulator? its money, or course it should be regulated if it is to be used within the borders of a gov that already has a fiat (read:99% or functioning governments). as much as everyone wants to have all the freedoms in the world, you dont want a world with unregulated bitcoin. bitcoin can be used to fund some gnarly shit, like terrorism or sex trafficking. Criminals are always looking at ways to subvert capital controls; bitcoin is pretty much that in a giftbox.

They regulate the milk you drink, depending on where you live. why the hell wouldnt they regulate actual money 

[ugr_erkn92]

Crypto money does not need an arrangement, but governments need to arrange crypto money. Governments are there to organize everything and to make appropriate laws and to enforce these laws. It is unthinkable for the governments to ignore the crypto money that is increasingly proliferating every day, which is a big appeal today. Governments will regulate the Crypto money, at least organizing crypto money for tax collection.

[Gradus728]

To be viable, any currency, whether emitted by a computer program of crypto currency or a traditional "fiat" currency issued by the government, must win the trust of the community that uses it. For the advocates of crypto currency, the whole point is to suggest an alternative model of this trust. They promote a payment system where recipients no longer need to trust outside institutions, be they banks or governments, to ensure that the payer is able to provide the agreed funds. Instead, the crypto-currency systems give credence to an indestructible decentralized computer program, unable, theoretically, to deceive people.

[Gradus728]

Absolutely consistent with your arguments

No doubt about the future of fiat money: it's gonna be replaced by cryptocurrencies.
But does virtual money need a REGULATOR?

Why wouldnt it need a regulator? its money, or course it should be regulated if it is to be used within the borders of a gov that already has a fiat (read:99% or functioning governments). as much as everyone wants to have all the freedoms in the world, you dont want a world with unregulated bitcoin. bitcoin can be used to fund some gnarly shit, like terrorism or sex trafficking. Criminals are always looking at ways to subvert capital controls; bitcoin is pretty much that in a giftbox.

They regulate the milk you drink, depending on where you live. why the hell wouldnt they regulate actual money 

[Btc_1856]

It is very difficult for Bitcoin to be legalized by governments, Singapore banks refused to recognize Bitcoin.

Not only Singapore government there are many countries not legalizing the Bitcoin and at the same time they are not telling we are going to ban the Bitcoin. It means that still there is a chance for accepting a Bitcoin.

[Gradus728]

HORROR! In Vietnam, the circulation of crypto-currency

The State Bank of Viet Nam amended the country's monetary policy, according to which circulation of bitcoin and other crypto-currencies will become illegal from January 1 of the next year. Violators face a fine equivalent to $ 9 thousand. This is written by Blockexplorer.

[Gradus728]

🙄 It is noteworthy that this summer the Vietnamese authorities considered the issue of legalizing bitcoin in the country. As previously reported, the Central Bank of Vietnam, the Ministry of Finance and the Ministry of Public Security were instructed to develop a legal and regulatory framework for crypto-currencies before August 2018.

HORROR! In Vietnam, the circulation of crypto-currency

The State Bank of Viet Nam amended the country's monetary policy, according to which circulation of bitcoin and other crypto-currencies will become illegal from January 1 of the next year. Violators face a fine equivalent to $ 9 thousand. This is written by Blockexplorer.

[Proton2233]

🙄 It is noteworthy that this summer the Vietnamese authorities considered the issue of legalizing bitcoin in the country. As previously reported, the Central Bank of Vietnam, the Ministry of Finance and the Ministry of Public Security were instructed to develop a legal and regulatory framework for crypto-currencies before August 2018.

HORROR! In Vietnam, the circulation of crypto-currency

The State Bank of Viet Nam amended the country's monetary policy, according to which circulation of bitcoin and other crypto-currencies will become illegal from January 1 of the next year. Violators face a fine equivalent to $ 9 thousand. This is written by Blockexplorer.

Bitcoin is constantly around lots of rumors. The greater part of them are fake. It seems to me that it makes no sense to listen to them. In the end, we still do not depend. The truth will always find its way. Every day we can find a lot of news which make us to sell the coins and the same amount of news recommending you to buy coins. A normal person never will not understand them. The best solution is not to read them at all.

[HiringYou]

Yes,virtual money such as Bitcoin needs a regulator because it is decentralized i.e. government has no control over it.As it is volatile in nature so lot of fluctuation is seen in it's price. A stability is required in it's price so that people can trust it more and invest in it more. This kind of stability can only be obtained if some kind of regulations are imposed on it. Moreover some people are using Bitcoin as mode of payment for illegal things such as drugs and ammunitions deals. So inorder to stop this illegal use of Bitcoin some regulations have to be imposed.

[AmXProX]

Yes,virtual money such as Bitcoin needs a regulator because it is decentralized i.e. government has no control over it.As it is volatile in nature so lot of fluctuation is seen in it's price. A stability is required in it's price so that people can trust it more and invest in it more. This kind of stability can only be obtained if some kind of regulations are imposed on it. Moreover some people are using Bitcoin as mode of payment for illegal things such as drugs and ammunitions deals. So inorder to stop this illegal use of Bitcoin some regulations have to be imposed.

Once it is being regulated doesn't it mean that part of it will be centralized? Once a country established a regulating body for crypto currency then it will be
inevitable for them to monitor and control the use of the coin which means that it will somehow be centralized.

Drug deals and weaponry deals are being made physically you still need to transfer those goods what they are doing are just changing the mode of their payment, so if government wants to crack down this business they don't need to regulate bitcoin since this business are already there decades before the bitcoin was developed.

[Lieldoryn]

Yes,virtual money such as Bitcoin needs a regulator because it is decentralized i.e. government has no control over it.As it is volatile in nature so lot of fluctuation is seen in it's price. A stability is required in it's price so that people can trust it more and invest in it more. This kind of stability can only be obtained if some kind of regulations are imposed on it. Moreover some people are using Bitcoin as mode of payment for illegal things such as drugs and ammunitions deals. So inorder to stop this illegal use of Bitcoin some regulations have to be imposed.

The value of bitcoin can be stable only after when it will be possible not to buy and make money. Trade suggests that the higher the supply the lower the price and Vice versa. But if it is possible to earn and spend bitcoins without exchanging for Fiat, the price will be more stable. Bitcoins need not to buy. They need to change the product and then they will develop the economy.

[ember.suc]

Regulators never do anything to prevent a crisis. After every crash regulators will do something after the fact to address the issue. Most of the time this leads to the next crisis like a never ending cycle.

[CoinCodex]

Singapore Regulator MAS approaching the cryptocurrency world by offering companies help to secure banking services!

https://coincodex.com/article/2471/singapore-regulator-mas-is-willing-to-help-cryptocurrency-companies-secure-banking-services/

[kaisa]

I think in the future all countries will agree to implement regulations and implement crypto as digital payments, although not all crypto will be approved. Actually, regulation is important because it can help us to identify that the wallet is ours and can minimize irresponsible exchange fraud. although government regulations aim to limit withdrawals and audit each transaction.