Brazil in the process of regulation. Good or bad?

[andy16]

when we read news so we understand the reason for the adoption of the cryptos in Brazil.



https://www.reuters.com/article/banco-neon-liquidation/brazil-central-bank-liquidates-banco-neon-in-setback-for-fintech-idUSL1N1SB0EI

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[Slugmonkey]

Regulation always gives crypto community a scare for some reason. Regulation is always good. It makes everything secure, it helps people have more faith in the crypto currency exchanges in general. This is what all the cryptos need right now is effective and honest coins which gather the trust of general public.

[mrcash02]

What is going on, the Crypto-Currency's Syndicate creation? I think it's not necessary a new kind of "association" in Brazil, as there is already many of them fully of bureaucracy, corporatism and bad services. It makes things more centralized, especially involving a guy who was involved in Federal Government and UN roles, the last one is well known by its pushy agenda imposed everywhere.

The individual is already too weak in Brazil and the corporations are already too strong, measures like that only make the system's maintenance.

[South Park]

Exclusive interview with President Fernando Furlan of the Brazilian Association of Cryptomoedas and Blockchain. Brazil in the process of regulation. Good or bad? https://www.criptomoedasfacil.com/entrevista-exclusiva-com-presidente-fernando-furlan-da-associacao-brasileira-de-criptomoedas-e-blockchain/

It will depend on what comes out of it, if it's a regulation that treats cryptocurrencies as just another way to invest your money and they are only trying to bring a little certainty to individuals and businesses then regulation is going to be a good thing, but if they are trying to criminalize every single person holding cryptocurrencies arguing that they could be criminals then regulation is going to be bad.

[umar22pk]

It’s a good sign and would be first drop of rain & hoping other countries will also follow Brazil.
This regulation will depend on the rule, is government will facilitate crypto currency? If yes then it is a very good news.

[jeronimosuykens]

In recent years, many countries in South America are beginning to have open policies for the cryptocurrency market, which is a very positive signal. The cryptocurency market in general is increasingly receiving support from many countries around the world, so the potential for growth in this market is enormous.

[slackcryptoz]

Regulation without restrictions of usage is a good choice. When governments create regulations with restrictions in usage, automatically people feel unsecured in using it. This leads to the decrease in the circulation of digital currency around the market along with the low trading volume.

[batang_bitcoin]

Before we do see regulations as a bad thing but this is needed for the market to grow up and enhance things that might come to make it more healthy and valuable.

I thought that Brazil was already regulated before because I've seen a thread before here in forum that there are more than 150 stores that accepts bitcoin in there.

[Tynovten_]

This is good for whole crypto users because the support of news like this make the crypto price up. Right now i only think in one side how it impact the price. As we know brazil is one of the most 5 country that impact. But it just politicians that cannot totally believe at it.

[genixye]

I think a country monetary policy regulation encryption is very normal things, not what is still a country by the development of encryption currency without regulation, regulation can better monetary constraints encryption, create a good environment to investors.

[YzzyGo]

Regulation on crypto is inevitable and is a step into its adoption into our global system. Nothing gets past the government anyway especially if it means money. Just hoping that it won't be very strict regulations.

[boboking]

Exclusive interview with President Fernando Furlan of the Brazilian Association of Cryptomoedas and Blockchain. Brazil in the process of regulation. Good or bad? https://www.criptomoedasfacil.com/entrevista-exclusiva-com-presidente-fernando-furlan-da-associacao-brasileira-de-criptomoedas-e-blockchain/

Crypto currency being regulated is inevitable and to be honest it is good. I personally think that the pros are outweighing the cons if Crypto currency is regulated (of course it will still depend on what laws they will pass). With Crypto currency getting mainstream everyday, being regulated will surely help new investors to try crypto currency because they know they will be protected by regulation.

[alizalela7]

Brazil in the course of adjustment is a very good news optimistic for the bitcoin market especially for their people, and more specifically for their citizens who have participated bitcoin

[ice18]

Regulation is the process of putting things in a proper way in accordance with the law that may benefit not only government but especially users therefore any ways to put in bitcoin regulation in one country is a good sign that it is currently considering crypto a more legal and a great start for adaptation.    

[squatz1]

It matters who you are. If you're an institutional investor who needs regulations to make sure that you're protected, then you're going to be pretty happy with this. If you're someone who doesn't trust the government, then you're of course going to think that this is an attempt by the government as a way to shut down bitcoin and try to centralize control.

Who knows if it's good or bad, we're going to have to see what the end result is.

[vv181]

we live in the world whereas the centralized entities have an authority. Any single regulation about cryptocurrencies will decrease and almost remove the value of decentralized. Sadly societies aren't aware enough the problem. The process of regulation for cryptocurrencies is needed for the cryptocurrencies adoption what a sad truth.

[andy16]

https://portaldobitcoin.com/wp-content/uploads/photo-gallery/WhatsApp_Image_2018-05-05_at_09.34.32.jpeg?bwg=0

Today is happening to Bitconf Brazil and will discuss about the regulation.

[Kakmakr]

I do not know why people want to fear Bitcoin regulation? We did not expect that governments will sit on their hands and allow Bitcoin and other Crypto currencies to go unregulated? How would we know how to submit our taxes, if we did not know how the governments defined the technology?

Let's just be glad that they acknowledge the technology and that they are taking the effort to regulate it.  I can now pay my taxes and go on with my life, without worrying about them. ^smile^

[niteroy]

Of course it's good because it draws people's attention to the cryptocurrency world and shows that cryptocurrencies are not pyramids and scams, even if governments are making changes in legislation and legislation in order to integrate cryptocurrencies into the country's economy. This is also a good example for other countries that do not know how to deal with cryptocurrencies and will also encourage them to adopt cryptocurrency at the legislative level.

[19Nov16]

When there is a state that regulates cryptocurrency it becomes a recognition that the state views the importance of cryptocurrency, surely this is good and profitable for the future of cryptocurrency users.