Ukraine to regulate exchanges

[Be_Happy]

This project is still in fact-finding status. The government is not in a hurry to accept it as it understands that it will be practically impossible to control the currency.

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[tsik]

This is the real problem facing all governments........TAX

They are not oposed to cryptocurrency. They are oposed to not being able to effectively tax it!

yup, that's the only reason, all that other "threat" is just bs.

[ice888]

I hope this comes into action although I highly doubt it. One thing is certain is that more regulation is required to weed out scams and give legitimacy to this space.

[leea-1334]

Okay, so we have countries slowly following the examples of each other in trying to regulate exchanges. Fair enough. They feel the need to get in some control before it spins out of their understanding. And in some cases, they want to protect their citizens.

But this will affect the ideals of people who originally want to use Bitcoin because of privacy and security. But maybe this will force them to completely abandon fiat? Without exchanges, you can still trade crypto and crypto only. Maybe this is how it must start for a true crypto and fiatless economy to happen.

[NaissuR]

wow..  
i think that mining will become not so profitable in few years
they want to move the population to the PoS..
but in other hand, the big PoW coin Price will go higher when there will be taxes on mining

[jaocoincrypto18]

Ukrainian decision on the crypto currency will not affect the price because the country is not so globally responsible.

I think Ukraine did not joined the bitcoin just to make the value stable but in opposite that they joined bitcoin because they are hoping that it will help to boost their economy by gaining in taxation and reduce unemployment in which we believe that it would be an advantage of every country if they will adopt bitcoin. So let us give Ukraine a chance to benefits them in order for the other nation to the same than banning it.

[deadsilent]

That's better. We can't do something about that. Besides, other countries are doing the same thing. Japan already regulates the local exchanges. There's no big deal if Ukraine will follow.
Regulating cryptocurrency has positive effects at the progress of cryptocurrency at Ukraine though. It will boost the adoption of cryptocurrency there.
Taxation is normal to me. That's our responsibility as a citizens of a nation. We are bound to do that.
I don't see any bad thing about their implementation of tax at their country. We can't escape tax forever. It's inevitable. So it's better than let the government ban cryptocurrency. Also regulating cryptocurrency is better, to avoid any problems in the future. Because if the government will not regulate cryptocurrency, they will just continue to do some actions against against cryptocurrency. Like China was doing.

[GayOfThrones]

I cannot imagine how a government can manage to successfully tax revenues made in cryptolandia, especially a government like the Ukranian one, probably not one of the most efficient and honest ones.

[feelideb]

Does anybody know Ukrainian exchange? I love not to deal with their exchanges . The propose law as far as it goes seem flawed. How will government tax trade without profit. Once they start regulations like this , there is no telling how far government will go to tax you to death.

[PowerfulGuerilla]

I think the article is just a pure speculation, and if the Ukrainian government makes certain decisions in favor of cryptos, it will still be stopped at its very beginning and nothing will happen at all.
Besides, considering the outside information how this particular government is corrupt and how it is slow in doing things in favor of its people, no changes will be made, for sure, unless the elite is hurt.

[indrakusumaindra]

Better you post on news section on this forum.
All this government don't know to do with all this crypto currencies. Today thay say ban and tomorrow they say approve. Bored!

yes it is but i think as an investor this is a crucial information for us to think about. the cryptocurrency world indeed depends on regulation of country that support it. we can learn from the past where there is a ban from china that makes the value drop down so much, and there is a regulation that support ico by japan that makes bitcoin and altcoin value became pump up to the top.