Why Russia, USA and China don´t allow free investment in ICOs?

[bituperio]

It is curious how these three countries, that have in common a vast population and large economies, but otherwise are very different keep on putting limits to the economic freedom of their citizens? Do you think the government has the right to decide on what and how much can you invest?

For those who don´t know what I am writing about:

https://en.wikipedia.org/wiki/Accredited_investor

https://www.coindesk.com/pboc-official-calls-for-wider-ban-on-chinese-crypto-trading-report/

https://news.bitcoin.com/russia-proposed-regulation-limits-icos-investors/

[afterdark]

It is curious how these three countries, that have in common a vast population and large economies, but otherwise are very different keep on putting limits to the economic freedom of their citizens? Do you think the government has the right to decide on what and how much can you invest?

For those who don´t know what I am writing about:

https://en.wikipedia.org/wiki/Accredited_investor

https://www.coindesk.com/pboc-official-calls-for-wider-ban-on-chinese-crypto-trading-report/

https://news.bitcoin.com/russia-proposed-regulation-limits-icos-investors/

Russia has not banned anything. This summer they must pass a law. I read the bill, there's nothing about bans. They want to limit the contributions of private investors, but no more. The US this year also promises to pass the law, but they act very carefully, that there would be no panic. I think that everything will be fine.

[Klovezio]

It is curious how these three countries, that have in common a vast population and large economies, but otherwise are very different keep on putting limits to the economic freedom of their citizens? Do you think the government has the right to decide on what and how much can you invest?

Because in these countries the state has a monopoly in the banking sector. The people who manage these assets do not want to lose such a profitable business. I am not surprised that they will try to protect their business, but all people in the world will use thecryptocurrencies anyway, because they have no barriers in the form of laws. I think price of crypto will slightly increased.

[bituperio]

It is curious how these three countries, that have in common a vast population and large economies, but otherwise are very different keep on putting limits to the economic freedom of their citizens? Do you think the government has the right to decide on what and how much can you invest?

For those who don´t know what I am writing about:

https://en.wikipedia.org/wiki/Accredited_investor

https://www.coindesk.com/pboc-official-calls-for-wider-ban-on-chinese-crypto-trading-report/

https://news.bitcoin.com/russia-proposed-regulation-limits-icos-investors/

Russia has not banned anything. This summer they must pass a law. I read the bill, there's nothing about bans. They want to limit the contributions of private investors, but no more. The US this year also promises to pass the law, but they act very carefully, that there would be no panic. I think that everything will be fine.

Yeah, sure, everything will be fine except that the government has set a limit to the individual contributions, so they are effectively telling you how much can you invest with YOUR money.

[blockclick]

It is curious how these three countries, that have in common a vast population and large economies, but otherwise are very different keep on putting limits to the economic freedom of their citizens? Do you think the government has the right to decide on what and how much can you invest?

For those who don´t know what I am writing about:

https://en.wikipedia.org/wiki/Accredited_investor

https://www.coindesk.com/pboc-official-calls-for-wider-ban-on-chinese-crypto-trading-report/

https://news.bitcoin.com/russia-proposed-regulation-limits-icos-investors/

Russia has not banned anything. This summer they must pass a law. I read the bill, there's nothing about bans. They want to limit the contributions of private investors, but no more. The US this year also promises to pass the law, but they act very carefully, that there would be no panic. I think that everything will be fine.

Yeah, sure, everything will be fine except that the government has set a limit to the individual contributions, so they are effectively telling you how much can you invest with YOUR money.

That's may be true (we need to wait for the laws first) but regulations are good imo (anybody can stole your money in unregulated space - scam ICOs are not exception) so let's wait and see

[sourish]

Laws are a necessary part of any governing authority, and though the present scenario of cryptocurrencies has got everyone really impatient with the changing govt policies, they are still in place for a reason and hopefully the upcoming regulations will work in everyones favor.

[a d i m u l]

I think a lot of people who already know the news about the termination of VISA work with all the crypto payment companies because there is a project that has got the deal with the VISA card provider.

[pearlsome]

It's all due to taxes. Do you want to invest? Buy a license, register all documents. Pay taxes from each transaction - and it does not matter whether you earned or at a loss. Pay taxes to the state, and they will then ask for access keys to check if you have deceived them for 2 cents. I do not know how they can control this system.

[chesatochi]

Laws are there to protect the investors that have not a deep knowledge of investing and avoid them to lose too much money. I saw a video of a guy who loses 30k two weeks from the Bitconnect Ponzi scheme.