EU looking again to regulate cryptos Friday

[LeGaulois]

Did you miss this news, or? I haven't seen people talking about it since days, here or outside.

There is a meeting Friday with the 28 European Finance Ministers to define the challenges posed by the popularity of cryptocurrencies and whether regulations should be tightened

https://www.eu2018.at/calendar-events/political-events/BMF-2018-09-07-Informal-Ecofin.html

I wonder if it's not an advantage that people don't know about it.

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[vovanlau2]

Do not panic, friend. Anything gonna be good. They have knowledge about crypto, and will accept cryptocurrencies.
We will hear some good news at the next time, maybe 

[LimeFeline]

In the end they will have no other option than accepting cryptocurrencies. There is no proper way to fight it when it's so decentralised. I'm an EU citizen and wish all the best for us.

[pxo1106]

Well, they pressed the cryptocurrency time after time, that being said that - they must support this development in our technology especially in our financial market. Thus, it is very helpful for us to consider the market while on the rage of this its popularity. Time doesn`t always be the same how crypto works... But the necessity of an opportunity really is worth a risk. This meeting should help to resolve the applicability of crypto and not on destroying it.

[LeGaulois]

@LimeFeline
You should say it to the IMF's CEO because she has powerful ideas like using the blockchain technology to fight the blockchain technology (btw: do you see the irony )
As soon you use an exchange to trade crypto-fiat and withdraw to your bank account you're busted. No matter what you do.

@pxo1106
They do support the technology, in this case, the blockchain, but it's not to use it with something related to currency (no matter if it's about digital currency or not) They're interested in for others industries such as insurance, fintech, supply chain, Big data, food tracking

@vovanlau2
Don't worry, I am far from going to panic

[chaoscoinz]

Did you miss this news, or? I haven't seen people talking about it since days, here or outside.

There is a meeting Friday with the 28 European Finance Ministers to define the challenges posed by the popularity of cryptocurrencies and whether regulations should be tightened

https://www.eu2018.at/calendar-events/political-events/BMF-2018-09-07-Informal-Ecofin.html

I wonder if it's not an advantage that people don't know about it.

I think this is good news. Any news regarding regulations from anywhere in the world, helps us get a better understanding of how to legally navigate this sea of newly charted waters. The more defined the policies on crypto become, the safer people will feel using the platform.
   I think that a lot of people stay away from adopting Bitcoin due to the circumstances surrounding the legalities of operating in such an unregulated sector. This may seem like bad news to some, but if you ever want the market price to gradually increase naturally, you need to set standards in place, but not so much that it stifles the creativity of the innovation.
   This may be the reason the battle for legal adoption is so tough right now, people are slowly becoming interested in the platform, even if it's just for the thrill.

[hungsanh2512]

The Commission proposes that virtual currency trading platforms and virtual wallet providers comply with the Anti-Money Laundering Directive.