leyton11
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January 21, 2020, 05:38:27 AM |
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So far, laws have affected crypto as well. that's why capitalization is getting less and less and it is the influence of the laws in each country that it regulates on traders. But I think this makes sense, because we're trading in a decentralized market. we can do money laundering and manipulation, which is against the law so far and governments don't want their people to become such components. That is why they have very strict rules for traders.
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d.kevin29
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January 21, 2020, 06:24:43 AM |
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we can do money laundering and manipulation, which is against the law so far So far? Money laundering will always be against the law. They cannot regulate the price of it since no one can control the cryptocurrency. Your post reveals how many seconds you've spent reading the OP. I can count them. 0
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mirrasel
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January 21, 2020, 06:36:02 AM Merited by TimeTeller (1) |
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Regulation is always a big issue in to increase or decrease the public sentiments about crypto. In a word, regulation is proportional to the market sentiment. I do believe, more positive regulations will help to adopt Bitcoin and altcoins more globally. Thanks for sharing this information. But we should always keep in mind that the real traders are beyond regulations.
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Kimonoe
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January 21, 2020, 10:11:38 AM |
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So far, laws have affected crypto as well. that's why capitalization is getting less and less and it is the influence of the laws in each country that it regulates on traders. But I think this makes sense, because we're trading in a decentralized market. we can do money laundering and manipulation, which is against the law so far and governments don't want their people to become such components. That is why they have very strict rules for traders.
The law greatly influences the behavior of investors, but with the regulation, I think it will increase investor confidence, so that the development of the crypto world will be faster. and the government's duty to anticipate misuse of cryptocurrency for crime
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Linkkoin
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Online Cryptocurrency Exchange
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January 21, 2020, 12:30:09 PM |
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So far? Money laundering will always be against the law.
In many countries NGOs, charities or donating pieces of art is often a leglised form of money laundering.
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Online cryptocurrency exchange - https://linkkoin.com Buy BTC, ETH, XRP, BCH, EOS, LTC, XMR, REP, ETC, ZEC with credit/debit card
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Eclipse26
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bullsvsbears.io
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January 21, 2020, 12:39:09 PM |
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There's always a different side when it comes to regulations of cryptocurrency. And the regulation, depends on how the government see crypto. Even if they try to regulate it, if they're positive with crypto then there's nothing to worry much. We have more freedom when there's no regulations from the government but the more we try to achieve crypto adoption, government will have to regulate it no matter what. It's like, either you won't accept the regulations or you won't achieve mass adoption.
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Triffin
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January 22, 2020, 04:36:40 PM |
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So far, laws have affected crypto as well. that's why capitalization is getting less and less and it is the influence of the laws in each country that it regulates on traders. But I think this makes sense, because we're trading in a decentralized market. we can do money laundering and manipulation, which is against the law so far and governments don't want their people to become such components. That is why they have very strict rules for traders.
The law greatly influences the behavior of investors, but with the regulation, I think it will increase investor confidence, so that the development of the crypto world will be faster. and the government's duty to anticipate misuse of cryptocurrency for crime You are right it good to see the market regulating but the problem is after regulation crypto will be under control of government and we will not be able to feel that free about the use of cryptocurrencies. We will have to pay the fees then and also have to go through some legal formalities so I don’t like regulations and it’s good to see bitcoin independently growing.
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ubercool
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January 22, 2020, 05:28:02 PM |
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Which regulations after you talking about..? Fatf has made a big list on how crypto transactions should be seen and how it is linked to money laundering, in fact the cases which are being fought in different country's courts are looking at that. Local regulations are being studied and implementing in many countries but they don't affect price globally.
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Ozero
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January 22, 2020, 06:04:29 PM |
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Of course, over time, states will increasingly regulate the circulation of cryptocurrencies. While they are only studying its nature and possible impact on the global financial system, they are also beginning to take the first steps in its regulation. As soon as in practice there will be issues with the circulation of cryptocurrency, which will require permission, states will respond to the situation. It is expected that the regulation of cryptocurrency will become tougher over time.
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ReiMomo
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Duelbits - $100k Bonus/week
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January 22, 2020, 06:40:26 PM |
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Based on what I have understand, it will have an effect because if the government will regulate crypto it means they had full control on the cryptos, also the demand and supply of the crypto will be effected because as what I have said they will control on it for the monetary reason. Probably it will the same price in your local currency which is very cheap. That is why it is good for crypto if it will remain anonymous.
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oktana
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January 22, 2020, 08:30:22 PM |
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Based on what I have understand, it will have an effect because if the government will regulate crypto it means they had full control on the cryptos, also the demand and supply of the crypto will be effected because as what I have said they will control on it for the monetary reason. Probably it will the same price in your local currency which is very cheap. That is why it is good for crypto if it will remain anonymous.
The government is only able to regulate exchanges, and also coins that can indeed be adapted to a centralized system by the developer, they cannot control something more broadly. The wallet blockchain system is very complex and only each user can control the asset in full, the government cannot access it. The government also realizes that crypto movements are similar to other stock entities, there will be no significant restrictions and price pressures because they will prioritize tax regulations first.
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Distinctin
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January 22, 2020, 11:36:34 PM |
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Either we like it or not, still the government would like to impose rules and regulations that crypto/and crypto holders must abide with. That said regulation has always and been a big factor for every market change. I know we feel bad with it as it tends to price manipulation but we have nothing to do but rather to accept that SEC has a big role in here.
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asus09
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January 23, 2020, 01:02:22 AM |
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Either we like it or not, still the government would like to impose rules and regulations that crypto/and crypto holders must abide with. That said regulation has always and been a big factor for every market change. I know we feel bad with it as it tends to price manipulation but we have nothing to do but rather to accept that SEC has a big role in here.
Regulation could give bigger effect how to make bitcoin and altcoin back to higher price, when government agree for making bitcoin as legal transaction payment many people will trust their assets with bitcoin and altcoin as investing way, but if government never allowed and have good regulation for bitcoin become legal transaction just few people want to invest with bitcoin.
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romero121
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casinosblockchain.io
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January 23, 2020, 03:00:15 AM |
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Regulation on the usage of cryptocurrencies surely makes positive impact over the market. Whenever there is regulated usage of cryptocurrencies people show interest on making use of it. Countable number of countries have shown interest and not yet regulated perfectly. This can also make firms to pay in terms of bitcoin to the employees. More the usage more will be the growth which is a unwritten truth that's been experienced on various things.
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awik p
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Pepemo.vip
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January 23, 2020, 03:28:27 AM |
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Either we like it or not, still the government would like to impose rules and regulations that crypto/and crypto holders must abide with. That said regulation has always and been a big factor for every market change. I know we feel bad with it as it tends to price manipulation but we have nothing to do but rather to accept that SEC has a big role in here.
Regulation could give bigger effect how to make bitcoin and altcoin back to higher price, when government agree for making bitcoin as legal transaction payment many people will trust their assets with bitcoin and altcoin as investing way, but if government never allowed and have good regulation for bitcoin become legal transaction just few people want to invest with bitcoin. with the regulation, it means that mass adoption will occur, so that the use of bitcoin will increase. with increasing usage, it increases demand, so this will have a good impact on bitcoin. on the other hand with the regulation, investors will feel safer to invest
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ajiz138
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January 23, 2020, 04:28:32 AM |
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as long as cryptocurreny is still anonymous I think government regulations or financial legal entities will not be so influential. The exception is for countries that have adopted crypto as a legal payment instrument to assist real shrimp. I still remember the regulations for the obligation to use KYC applied in various ICOs and until now it still applies, we all know that this started with government interference because there have been many cases of loss caused by scammers. It can be imagined if from 2015 projects were not born that deceived many people, then I don't think legal parties will emerge, financial institutions interfere with crypto affairs which crypto is not real but the impact is very real felt. And lately as I have seen in the OP article, it will indeed feel the impact of global regulations regarding crypto that affect the current crypto prices. It's all back again because of the many cases of money laundering with crypto brokers as a place to store their money.
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drlukacs
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l0tt0.com
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January 23, 2020, 06:55:35 AM |
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The rules also depend on their severity and the degree of influence also depends on the power of some countries. If the United States or the European Union, for example, hated cryptos and introduced new laws to European citizens, then it was time for our markets to be affected the most. And for individual governments, I don't feel it has too much effect. In Vietnam, we have many laws that prohibit trading with crypto but exchange intermediaries have made it easy for us to trade. not even showing up on social media will be convicted. So we should not be too worried about the rules.
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gabmen
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January 23, 2020, 07:12:42 AM |
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They cannot regulate the price of it since no one can control the cryptocurrency. All they can do is to possibly control the market price by just hoarding it so that the volume in the current exchange will not go up. We all know that the higher the volume, the higher the possibility that the price of it will go down.
On the other side of the coin, i think regulations would help in starting to build public trust in crypto. One thing that holds people back is that it's free for all, including hackers and scammers. Majority are used to the security government insurances that banks provide. Crypto is probably more secure yes, but you won't be able to make the public immediately believe that. Government support would definitely back confidence up but here is where regulations will come in.
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TopT3ns
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January 23, 2020, 08:45:03 AM |
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Either we like it or not, still the government would like to impose rules and regulations that crypto/and crypto holders must abide with. That said regulation has always and been a big factor for every market change. I know we feel bad with it as it tends to price manipulation but we have nothing to do but rather to accept that SEC has a big role in here.
Regulation could give bigger effect how to make bitcoin and altcoin back to higher price, when government agree for making bitcoin as legal transaction payment many people will trust their assets with bitcoin and altcoin as investing way, but if government never allowed and have good regulation for bitcoin become legal transaction just few people want to invest with bitcoin. with the regulation, it means that mass adoption will occur, so that the use of bitcoin will increase. with increasing usage, it increases demand, so this will have a good impact on bitcoin. on the other hand with the regulation, investors will feel safer to invest but cryptocurrency should not be controlled by anyone because if cryptocurrency is set like that it will make the government able to master cryptocurrency and it will have a negative impact on the life of cryptocurrency in the future. I read the whitepapert from bitcoin which states he made bitcoin because he wanted to create a digital currency that could not be regulated by anyone, including regulations from various countries.
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merchantofzeny
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January 23, 2020, 09:28:09 AM |
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I haven't looked up the data but from what was in the article, it seem to be a minimal decrease in usage. Why there would even be a decrease is understandable.
Imagine buying plenty of crypto and then your government out of the blue shuts down all local exchanges. Your crypto left in them could disappear or you'll have a hard time retrieving them and those you kept in other wallets you'd have fewer ways of cashing out. It's only natural for people to be cautious whenever they hear about impending regulations.
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