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Author Topic: Crypto for EU  (Read 2064 times)
ORCAf
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October 29, 2017, 11:39:31 AM
 #1

Hello, friends!

What kind of future do you predict for cryptocurrencies in the European Union?

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Palmerson
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October 29, 2017, 12:58:30 PM
 #2

In order to answer this question we need first to define the future of the EU itself. Recently, we see that contradictions in the EU are increasing and the country is not ready to agree among themselves. It is very difficult to combine the interests of different States. Russia is also actively buying European politicians. Cryptocurrencies can be another stumbling block.
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October 29, 2017, 03:38:38 PM
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In order to answer this question we need first to define the future of the EU itself. Recently, we see that contradictions in the EU are increasing and the country is not ready to agree among themselves. It is very difficult to combine the interests of different States. Russia is also actively buying European politicians. Cryptocurrencies can be another stumbling block.
Wait what do you mean with Russia actively buying European politicians. This is quite a hefty accustation and I'd appreciate it if you would atleast back up your accusations with a trustworthy source.
As far as I know the European Union hasn't officially disclosed their stance on crypto currency and I don't really think it's necessairy. Member States should make up their own mind.
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October 29, 2017, 04:07:43 PM
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I think every country of the EU will show it's position to crypto soon. I suppose in such loyal countries like Sweden and Nederlands bitcoin will be welcomed, but other countries probably will follow by the way of banning and/or regulation. 

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Coffee135
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October 30, 2017, 10:27:14 AM
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I think every country of the EU will show it's position to crypto soon. I suppose in such loyal countries like Sweden and Nederlands bitcoin will be welcomed, but other countries probably will follow by the way of banning and/or regulation. 
I think that Europe will never develop a common position on the use of cryptocurrencies. Too different countries belong to a Union. But I don't see any problem with it. Now, each country determines the rules of the use of cryptocurrency and it does not create any problems. Around bitcoin more rumors than truth.

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October 30, 2017, 03:19:11 PM
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I think every country of the EU will show it's position to crypto soon. I suppose in such loyal countries like Sweden and Nederlands bitcoin will be welcomed, but other countries probably will follow by the way of banning and/or regulation. 
I think that Europe will never develop a common position on the use of cryptocurrencies. Too different countries belong to a Union. But I don't see any problem with it. Now, each country determines the rules of the use of cryptocurrency and it does not create any problems. Around bitcoin more rumors than truth.

True, even matters such as restrictions on cash transactions differ vastly between EU member states. However I guess it will largely on whether member states develop a strong stance regarding cryptocurrencies. If they don't, any attempt at central regulation will likely find little to no resistance. And with money laundering being sort of a boogie man, I wouldn't be surprised if the EU will make an attempt at central regulation sooner or later.

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October 30, 2017, 04:08:00 PM
 #7

I think it is very difficult because in the European Union there are a lot of problems when you leave the union and want to play alone, the problem of crypto is difficult to find a common voice. Hopefully in the next few years they will gradually put electronic money into the transaction I think will be Russia because the country is having policies to support electronic money

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October 30, 2017, 09:55:30 PM
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I think it is very difficult because in the European Union there are a lot of problems when you leave the union and want to play alone, the problem of crypto is difficult to find a common voice. Hopefully in the next few years they will gradually put electronic money into the transaction I think will be Russia because the country is having policies to support electronic money

You sign an agreement that if you leave you have to pay them a lot of money. That's why member countries are scared of leaving, but it will have to happen sooner or later. EU can't agree on anything because different countries are ruled by different parties. For instance France Sweden and Germany are extremely leftist, while Hungary and Poland are more conservative. This is just an example, but extreme left will never find common ground with extreme right.
As for BTC, most EU countries have some laws concerning it and I haven't heard any of them being totally against it. People have been trading it in Germany, Italy, GB, there are registered exchanges in those countries and ATMs in the streets. It should be fine Smiley

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November 01, 2017, 11:16:54 AM
 #9

I think it is very difficult because in the European Union there are a lot of problems when you leave the union and want to play alone, the problem of crypto is difficult to find a common voice. Hopefully in the next few years they will gradually put electronic money into the transaction I think will be Russia because the country is having policies to support electronic money
What does Russia have to do with the EU? Probably all Russian fanatics. Which electronic money is backed by Russia? Putin is obsessed with the creation of crypto ruble. In order to run into him he'll try to strangle all competitors. Wait the strict prohibitions. For Europe you can not survive. Despite all existing differences, European politicians know how to negotiate. The Russians didn't have enough money to bribe all.
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November 01, 2017, 12:22:31 PM
 #10

Bitcoin will continue to dominate as the world looks on in amazement because they do not "get it." And never will!
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November 01, 2017, 06:55:52 PM
 #11

Cryptocurrencies in the European union is I think well known already for most parts of it because many people there are so many kinds of accessing power in the internet so they have a large percentage of people that is aware in crypto so as well in trading it. If their government will not full support Bitcoin to trade or become a legal tender to their services then I think it will affect the future of Bitcoin there but I don't see that it will be the reason for the growth of Bitcoin in the future as it is an international digital currency and not serving a specific country in the world.
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November 02, 2017, 02:17:03 AM
 #12

Hello, friends! What kind of future do you predict for cryptocurrencies in the European Union?

I can still see a good future for cryptocurrency in the whole of the Eurozone but it is not as exciting as those somewhere else like maybe Asia and Africa. Russia can even be a better market maybe starting next year. As to countries belonging to the European Union there seems to be some kind of fear and timidity in dealing with Bitcoin and cryptocurrency though there are also countries that are now embracing cryptocurrency fully but overall things need to be work out a lot. As of now, there is a brewing interest coming from the people but it has not yet achieved the so-called critical mass so maybe it would take some more years before we can finally see a big boom for cryptocurrency in this side of the planet. Now, since the EU is a big market, there would always be entities who will exploit the existing market and then help expand it albeit slowly at first. Hope there is a big impetus that can really push Bitcoin into bigger adoption in these countries.
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November 02, 2017, 02:45:16 PM
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There are a lot of countries in EU with a different legal system and different attitude. For instance i never heard about Polish, Romanian, Czech, Slovakin people who are active users  of cryptocurrency, maybe it is not spread on  territories of those countries Huh.But of course a great number of cryptocurrency wallets are in the Nothern EU countries. I've heard about rising  interest in Ukraine and a huge number of people who are interested and save cryptocurrency are in Russia
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November 02, 2017, 03:30:48 PM
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Bitcoin and Ethereum will be the prominent play in near future.
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November 02, 2017, 03:32:52 PM
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There are a lot of countries in EU with a different legal system and different attitude. For instance i never heard about Polish, Romanian, Czech, Slovakin people who are active users  of cryptocurrency, maybe it is not spread on  territories of those countries Huh.But of course a great number of cryptocurrency wallets are in the Nothern EU countries. I've heard about rising  interest in Ukraine and a huge number of people who are interested and save cryptocurrency are in Russia

The Czech Republic is the birth place of mining pools and home of SatoshiLabs, creator of the Trezor -- the first hardware wallet. So I think there are at least some people who are active users of cryptocurrency in the Czech Republic Wink

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November 02, 2017, 09:19:05 PM
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There are a lot of countries in EU with a different legal system and different attitude. For instance i never heard about Polish, Romanian, Czech, Slovakin people who are active users  of cryptocurrency, maybe it is not spread on  territories of those countries Huh.But of course a great number of cryptocurrency wallets are in the Nothern EU countries. I've heard about rising  interest in Ukraine and a huge number of people who are interested and save cryptocurrency are in Russia
It seems to me that bitcoins are primarily interested in the inhabitants of countries with weak economies. Therefore, in the most developed countries of Europe the low interest in bitcoin. But the governments of these countries have already made attempts to legalize the use of bitcoin.
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November 03, 2017, 12:35:19 PM
 #17

What kind of future do you predict for cryptocurrencies in the European Union?

No intentions to offend anyone but to tell the truth, EU is always high on themselves, they don’t want others to dictate them but the other way. Even though I have big hopes that the cryptocurrency will still find its way to that countryside but we can’t do much about it. This might be a conflict policy to each member country if the bitcoin use is prohibited or banned.

Europeans are much more careful than Americans who are more risk takers and most Asians does. I’m not generalizing all but most of them.
ORCAf
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November 07, 2017, 09:19:25 AM
 #18

I think every country of the EU will show it's position to crypto soon. I suppose in such loyal countries like Sweden and Nederlands bitcoin will be welcomed, but other countries probably will follow by the way of banning and/or regulation.  

DEUTSCHE BANK (Germany’s leading bank, with a strong position in Europe and a significant presence in the Americas and Asia Pacific): We may be looking at 'the start of the end of fiat money' http://www.businessinsider.com/deutsche-bank-end-of-fiat-money-2017-11?r=UK&IR=T

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November 07, 2017, 09:27:30 AM
 #19

"Ukraine drafts law to make cryptocurrency profits tax free"
https://www.cryptomartez.com/2017/11/ukraine-drafts-law-to-make-cryptocurrency-profits-tax-free.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Cryptomartez+%28Cryptomartez%29

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November 07, 2017, 07:04:15 PM
 #20

Surprisingly I have yet to see a European country that made Bitcoin an illegal currency. From what I know of some European countries are supporting Bitcoin without even the approval or the go signal of the European Union. Countries like Sweden and Poland does not see Bitcoin as some kind of treat for them but an opportunity for people who are willing to pay with Bitcoin. They don't see Bitcoin as a threat to their Euros as it is highly unlikely that it will takeover as the most popular payment method in Europe.

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