Regulations, regulations and more regulations

[Wanska]

Guys, what do you think is happening? China, South Korea (even being a FUD they are going to take some measures), French, Germany, now Indonesia with Bali being investigated...

But the most worrying new is that it's going to be a main topic in the agenda of the G20 summit in March:
https://nltimes.nl/2017/12/19/eu-countries-call-bitcoin-debate-g20-summit

That really worries me...do you think this summit  is going to have a massive impact in the criptocurrency market? What will be the scenarios if the market gets regulated? Of course prices go down and panic?are you worried about that summit?

Thank you.

[jacafbiz]

I don't think you should be that worried, how do you think Government will look at over $200 billion asset without them looking to regulate it, also most people in Crypto space don't pay tax on their income, which I think is going to be a very big issue in future

[krhnrhn]

Decenteralization is solution for regulations. No need much more for blockchain.

[wattcrypto]

I think the trend of crypto is moving towards securities and regulation. Already see Polymath as a huge player in enforcing regulations on securities. https://polymath.network/

[Buyingallcoinsz]

Regulations suck indeed but still. Crypto is unstoppable my friend!!!!!!!!!

[allanr]

Im curious how the goverment will regulate it though ? they gona buy them all or make us pay tax for every kind of crypto we have

[NeuroticFish]

I was always PRO regulations and I still believe we need them because we do have to interact with the financial world and we have to be in sync with the law.

But unfortunately more and more politicians, dinosaurs and banking retards have found out that the best regulation for cryptocurrencies is to ban them. They've learned nothing from the 1920 prohibition.
Bitcoin and cryptos will prevail. They can't fight something that's decentralized. We may have to wait until a smarter generation of politicians take over and we'll see proper regulation...

[beskid]

Indeed, the summit can influence. But will he be able to change anything? Crypto currency is a gin. He is released from the bottle and already lives his own, independent life. It is unlikely that one state or even a group of the state is capable of curbing it.
The desire to somehow regulate the appearance of crypto currency is quite natural. It is clear that the real economy,
next to which is formed from the air a huge bag of allegedly money, which then turn into very real money, can not but disturb those who hold the thread and badly / well manage the issue, providing, at least some semblance of balance.

[Dmitry_K]

Any government is accustomed to keep everything under its control and regulate all processes in the country.