bitcoin regulation

[cripto_fc]

what do you think off the position off the south korean government trying to regulate cryptocurrencie? do you think other countries will try to adopt the same position? china already banned bitcoin exchanges. facing this changes what is the future for cryptocurrencies. will they be regulated in the future and how soon do you think will see this kind of measures in europe?

[bitcub]

Its just a regulation. I think this is a security measure to control who are investing too much in BTC. A corrupt politician might think twice before hiding his loot in crypto.

what do you think off the position off the south korean government trying to regulate cryptocurrencie? do you think other countries will try to adopt the same position? china already banned bitcoin exchanges. facing this changes what is the future for cryptocurrencies. will they be regulated in the future and how soon do you think will see this kind of measures in europe?

[nightmanisrightman]

There will be some form of legislation in every country in the future because if they don't have it, it will only fuel the underground market for cryptocurrency in that country even more. It makes sense to acknowledge the asset class and tax it rather than turn a blind eye and let whatever else happen.

[ladydark]

I would say that regulation is far better than complete banning of crypto currencies.This would help crypto currencies to progress in the long run.We could soon hope that other countries which have a stand against cryptos also would regulate cryptos instead of opposing.

[sheenshane]

what do you think off the position off the south korean government trying to regulate cryptocurrencie? do you think other countries will try to adopt the same position? china already banned bitcoin exchanges. facing this changes what is the future for cryptocurrencies. will they be regulated in the future and how soon do you think will see this kind of measures in europe?

It's better to regulated than to banning bitcoin we can't blame some countries to do this now for the sake of their country to avoid abusing bitcoin or hiding some big people in bitcoin. They think that bitcoin may used in illegal activities or even in politicians to hide a big amount on bitcoin and corrupt their country with out knowing others because bitcoin transaction is not traceable and you might hide your identity. It's better to regulated bitcoin in every country than they oppose.

[minersday]

what do you think off the position off the south korean government trying to regulate cryptocurrencie? do you think other countries will try to adopt the same position? china already banned bitcoin exchanges.

Only one word -> FAKE.

It all was a huge & massive FUD in order to create panic all over the entire market, why do you think that everything was in red numbers when they said that "bitcoin was going to be regulated" in there?

Of course, and now everything disappeared! since the price went back to the top again and we are on a bullish trend again..

But that Korean regulation and all that shit was a huge crap, full of lies, taking advantage of new investors, making them all sell their bitcoins because of that fud.

[jseverson]

what do you think off the position off the south korean government trying to regulate cryptocurrencie? do you think other countries will try to adopt the same position? china already banned bitcoin exchanges.

Only one word -> FAKE.

It all was a huge & massive FUD in order to create panic all over the entire market, why do you think that everything was in red numbers when they said that "bitcoin was going to be regulated" in there?

Of course, and now everything disappeared! since the price went back to the top again and we are on a bullish trend again..

But that Korean regulation and all that shit was a huge crap, full of lies, taking advantage of new investors, making them all sell their bitcoins because of that fud.

I don't think it was fake. Their government also raided several cryptocurrency exchanges, accusing them of tax evasion. I'm sure they actually want to regulate crypto because it has become a mania over there, and several people could lose out.

What was fake was the fact that they were planning to ban cryptocurrency trading, but that piece of news was reversed in like a day or two, with an economic official clarifying that it's currently not in the cards.

[zolfa]

yes. all countries want to try to adopt bitcoin, knowing that the crypto world will save their country from the economic crisis. one day bitcoin will die, then the best way to protect the world of crypto is to make a bitcoin regulation.

[Pursuer]

what do you think off the position off the south korean government trying to regulate cryptocurrencie? do you think other countries will try to adopt the same position? china already banned bitcoin exchanges. facing this changes what is the future for cryptocurrencies. will they be regulated in the future and how soon do you think will see this kind of measures in europe?

well the exchanges in China were pretty shady and they were laundering a lot of money. besides when a service, no matter what it is, it may as well be something like Amazon, is working with fiat then it has to be regulated. so that part is not really something new and it has nothing to do with bitcoin or cryptocurrencies but it comes from the fiat world and the fiat rules.
Korean exchanges were the same. you can see how they were reporting ridiculously high volumes that were unrealistic from a country like them. closing such places is actually a good thing for cryptocurrencies in my opinion.

[SamReomo]

what do you think off the position off the south korean government trying to regulate cryptocurrencie? do you think other countries will try to adopt the same position? china already banned bitcoin exchanges. facing this changes what is the future for cryptocurrencies. will they be regulated in the future and how soon do you think will see this kind of measures in europe?

I think that what they're doing is really affecting the reputation of "Crypto=currencies" to some extent. Their main aim wasn't to stop cryptos, but to give panic to those investors who were making huge profits from those cryptos without paying any taxes to the governments.

According to China's banning of exchanges, I would not speak much because I think that it was a planned ban as Chinese investors and miners were really huge in numbers which was a really alarming news for China to some extent. I still think that there is some possibility that China might un-ban those exchanges in near future.

Yeah, after China, and South Korea, there might be many other countries posing such rules and regulations to affect the earnings of those giant whales that earn most of their income and or profits from using and trading of cryptos. But, those regulations are still better than bans, as regulations won't stop the growth of cryptos, but bans will unfortunately result in stoppage of the cryptos, and that isn't good at all.

[Visin]

yes. all countries want to try to adopt bitcoin, knowing that the crypto world will save their country from the economic crisis. one day bitcoin will die, then the best way to protect the world of crypto is to make a bitcoin regulation.

Protecting Bitcoin through regulation is just going to make things worse. Look at how the other regulated coins are doing.

[k_kuchkarov]

what do you think off the position off the south korean government trying to regulate cryptocurrencie? do you think other countries will try to adopt the same position? china already banned bitcoin exchanges. facing this changes what is the future for cryptocurrencies. will they be regulated in the future and how soon do you think will see this kind of measures in europe?

If we regulate the cryptocurrency, then it will lose any sense to exist
Since this is, how to prevent a person from breathing
Crypto currency should only be regulated by supply and demand and not more

[mostkey]

what do you think off the position off the south korean government trying to regulate cryptocurrencie? do you think other countries will try to adopt the same position? china already banned bitcoin exchanges. facing this changes what is the future for cryptocurrencies. will they be regulated in the future and how soon do you think will see this kind of measures in europe?

I think it would be very difficult to manage the use of crypto currency. especially to do it in european taratan. because this is a system that can be used anonymously and will probably very much use anonymous access to use the crypto finance system. I really do not believe this will happen

[BrewMaster]

regulations are not always a bad thing. they are sometimes even necessary for example in order to keep these wild exchanges in line and stop their illegal activities.
but sometimes the purpose of the government for regulations is not to make things easy but to prevent the growth, specially when it comes to bitcoin some rare countries are afraid of what bitcoin represents.

[youdacapt]

Regulation will magnify the positive effect of bitcoin use more precisely. regulations serve to direct people to choose a crypto business, especially legalized bitcoins and not, this condition is very different if bitcoin is not regulated, all will become very confusing and exploited by the fraudsters.

the government also can then make a reasonable tax policy, japan has proven it and the world should start to follow the same.

[zais]

what do you think off the position off the south korean government trying to regulate cryptocurrencie? do you think other countries will try to adopt the same position? china already banned bitcoin exchanges. facing this changes what is the future for cryptocurrencies. will they be regulated in the future and how soon do you think will see this kind of measures in europe?

Bank Indonesia declared the regulation concerning banning of bitcoin will be limited to cover all forms of transactions using bitcoin as a means of payment.
In this regulation, BI again confirms the non-recognition of bitcoin as a legitimate payment instrument in Indonesia. There will be closing-door points for all activities that facilitate payments with bitcoins and so on.

[Ba37]

Not sure whether the regulations will come into play or not but the news of it is creating massive FUD amongst new hands. It is not totally a bad thing, it is ofcourse better than banning exchanges. Once the FUD settles down, markets and people will get used to the regulations and play by regulations, if any that comes into play.

[olubams]

what do you think off the position off the south korean government trying to regulate cryptocurrencie? do you think other countries will try to adopt the same position? china already banned bitcoin exchanges. facing this changes what is the future for cryptocurrencies. will they be regulated in the future and how soon do you think will see this kind of measures in europe?

If it's about regulation, then there is nothing we can do about it and its even a succour compared to outright ban. The regulation itself is causing panic all around if we then go against regulation, we are willing calling for banning which might have a devastating effect. Whether other countries will tow the same line, that is a sure thing to happen because government of any country wants to be on top of every situation whether legal or illegal.

[Preclus]

I would say that regulation is far better than complete banning of crypto currencies.This would help crypto currencies to progress in the long run.We could soon hope that other countries which have a stand against cryptos also would regulate cryptos instead of opposing.

That's what i thiNk too. Since Crypto is the new trend these days and every country in the world if not now...then sooner will do something for the Bitcoin regulation. It's the perspective of the different governments towards Bitcoin that makes them think so differently. While on one hand we have countries like Japan which supports the Crypto market and then there are other countries which are totally into banning the currency in their respective countries. So what matters is their perspectives. But regulation of the market is certainly far more better than simply banning it. also regulation of Crypto market will have different implications in different countries according to the prevalent policy framework. While the laws may be liberal in some parts of the world and there may be more hardships in certain other parts