Crypto Regulation Must Be International

[blockchainmarketus]

every country has regulation Japan Legalize crypto while China Ban. This contradictiv? is it possible International regulation for cryptos?

Joachim Wuermeling, a member of the board of Germany's Bundesbank, has suggested that any attempt to regulate cryptocurrencies would require international cooperation. Speaking at an event in Frankfurt on Jan. 15, the director told listeners:

"Effective regulation of virtual currencies would therefore only be achievable through the greatest possible international cooperation, because the regulatory power of nation states is obviously limited.”

[tk808]

It will never happen. They are talking rainbows, like every dirty politician. This guy is prob running his own BTC miners behind the scenes, and accumulated enough currencies that he feels comfortable to regulate it. (Conspiracy/joke)

I don't know the word for this, but it happens all the time in crypto.

[EcoChavCrypto]

It will never happen. They are talking rainbows, like every dirty politician. This guy is prob running his own BTC miners behind the scenes, and accumulated enough currencies that he feels comfortable to regulate it. (Conspiracy/joke)

This is just another conspiracy, and we are never going to know if this is the real truth or not.

For me, if bitcoin gets regulated in my country i will just move to another one, i do not care about it.

But a regulation in almost all the countries all over the world? i am sorry, but that will not happen, and less in Switzerland, and in all the other countries like Panama who are always laundering money..

Just forget about it, because it wont happen in there.

[Alydora]

I love the idea of it being regulated, however I would be worried about it getting worse in the end. Yea it has it's benefits but also cons to go with it.

[@ngelcryptopia]

There will never be a global standardize regulation.
The country specific regulations are aimed to protect the citizens/residents of the country. If scams are prevalent in the crypto world, I would expect more countries starting to look into regulating it.

[masonrycrypto]

There will be regulation to some degree.  The government is frantically figuring out a way to track all the transactions so they can look for money laundering.  Laundering and Taxes is their #1.  I'm sure the CIA and Fed's have a system in place to follow all blockchain transactions and analyze pretty closely where they are going.

[blockchainmarketus]

Hope bitcoin will be accepted by majority of countries, if there are rules international , will not make bitcoin community feel difficult to cash in and to use bitcoin and cryptos.

[Bastime]

Cryptocurrency regulations must be international and I totally support the regulation due to massive numbers of ICOs are into the market that some of them are bogus and even worst scams.
People should invest into ICOs that earned certifications and passes the regulation standard in order to eliminate bogus and fraud scams.

[Bastime]

There will never be a global standardize regulation.
The country specific regulations are aimed to protect the citizens/residents of the country. If scams are prevalent in the crypto world, I would expect more countries starting to look into regulating it.

If there would be no global standardization of regulation for ICOs then at least in all major countries like America, Europe and other big country organizations that will regulate ICOs, it matters because people will decide to invest or to not invest on ICOs that never regaled.
People are seeing that regulated ICOs will more likely to be successful than unregulated or unregistered.

[monergo]

Regulation by definition will have conflicts between countries. You do not imagine NK to comply with a worldwide regulation, right?

[desciglio2]

International arrangement isn't possible in the near future. This is of course useful for everyone.

[Bastime]

Hope bitcoin will be accepted by majority of countries, if there are rules international , will not make bitcoin community feel difficult to cash in and to use bitcoin and cryptos.

Bitcoin will soon be accepted on all countries as an  international monetary technology because we are all heading to the future and nobody wants to get behind the future and a country who don't embrace the future will suffer and their economy would likely collapse.

[walterw]

A regulation of the crypto market is not just negative. It also brings a lot of positives with it. An example would be security.
Many do not invest in crypto currencies because the market is too uncertain for them. Regulation could create security for investors.
In turn, it will attract more investors, giving the market more capital. As long as it is not a ban, regulation can help the market a lot.
That's how I see it. We'll see how the market in South Korea will develop. I believe that the market is gaining in capital and that will have a positive impact on the market.

[YYmeans]

every country has regulation Japan Legalize crypto while China Ban. This contradictiv? is it possible International regulation for cryptos?

Joachim Wuermeling, a member of the board of Germany's Bundesbank, has suggested that any attempt to regulate cryptocurrencies would require international cooperation. Speaking at an event in Frankfurt on Jan. 15, the director told listeners:

"Effective regulation of virtual currencies would therefore only be achievable through the greatest possible international cooperation, because the regulatory power of nation states is obviously limited.”

I don't think there is a way to regulate crypto worldwide, different countries have different attitudes to crypto, and also different laws .

[Freezingel]

Of course it's impossible, there's no way there will be an international regulation for crypto, each country has their own agenda so it's impossible for them to agree to one decision. Some country can regulate crypto in their country, but they can't force other country to accept their regulation aswell, that's why it's impossible to remove crypto completely.

[Praesidium]

I think this will not happen because bitcoin is decentralized cryptocurrrency so being regulated will have conflict or might invite more corrupt people in cryptocurrency, maybe the corrupt once try to monopolize bitcoin for themselve.

[BTCMILLIONAIRE]

every country has regulation Japan Legalize crypto while China Ban. This contradictiv? is it possible International regulation for cryptos?

Joachim Wuermeling, a member of the board of Germany's Bundesbank, has suggested that any attempt to regulate cryptocurrencies would require international cooperation. Speaking at an event in Frankfurt on Jan. 15, the director told listeners:

"Effective regulation of virtual currencies would therefore only be achievable through the greatest possible international cooperation, because the regulatory power of nation states is obviously limited.”

That's correct as in so far that a single country will never be capable of regulating cryptos. It can try, but it won't do too much. And regulations too strict or outright bans will simply cause a capital flight into countries with laxer regulations and lower taxation.

The countries who try to shut down or overtax people now will be the losers of the next industrial revolution. Just don't worry about it and be ready to expat and move to a better country if yours gets too greedy. That way the world will eventually become such, that all citizens will have a decent life without getting bent over by governments, central banks and monopolistic and just outright too large corporations that abuse their power (see Google, and literally all of social media).

[ZaoXhou]

International co-operation? Isn't that another word for letting america decide what to do? And telling their lapdogs in europe and the rest of the world how they should proceed?
No thanks. The countries who don't wanna be part of it will miss out.

[jazz21]

i really don't know why they don't appreciate the crypto world as an international. although it have the aspect of being top.

[IgniHash]

every country has regulation Japan Legalize crypto while China Ban. This contradictiv? is it possible International regulation for cryptos?

Joachim Wuermeling, a member of the board of Germany's Bundesbank, has suggested that any attempt to regulate cryptocurrencies would require international cooperation. Speaking at an event in Frankfurt on Jan. 15, the director told listeners:

"Effective regulation of virtual currencies would therefore only be achievable through the greatest possible international cooperation, because the regulatory power of nation states is obviously limited.”

Nope. I think i disagree with this opinion. The main focus of crypto is to break the rule of centralization. Then, if we unite the regulation, then there are many opportunities that crypto will be centralize again. The bad effects of centralization is "abuse of power" which is one man can rule everything.