The regulation of the cryptocurrency market will become more serious

[RbiggerG]

https://www.sec.gov/news/public-statement/gensler-aspen-security-forum-2021-08-03
The hyperlink is SEC Chairman Gary Gensler's speech at Aspen Security Forum on August 3.
There are two sentences are worthy of our alert.
"In my view, the legislative priority should center on crypto trading, lending, and DeFi platforms”
"For those who want to encourage innovations in crypto, I’d like to note that financial innovations throughout history don’t long thrive outside of our public policy frameworks.”
Please stay awake. The regulation of the cryptocurrency market will become more and more serious. How do you interpret the  sentences?

Perhaps in the future the regulation of the cryptocurrency market will be even stricter with the regulations made by the largest shareholder of bitcoin as conveyed by SEC Chairman Gary Gensler at the Aspen Security Forum. in the future they will focus on the development of a wider crypto with financial innovation that is more secure and controlled.

What he claimed about financial innovations thriving outside of public policy frameworks just doesn't apply to Bitcoin in any way similar to all financial innovations we had in the past of humankind and I am sure he knows it. Bitcoin is completely different from anything there was in history. It can definitely be functional outside of public policy frameworks as we can obviously see at the example of China. What are they going to do? Shoot or hang people for buying or using Bitcoin?

[Ryker1]

Well, from time to time we are fully regulated and the government will not stop regulating us either we like it or not regulations were always there waving to us. Perhaps as a government perspective way of having people get from tax as we know that the government always fighting for, -- the tax.
Government always thinks cryptocurrency is a threat to financial interest and it could harm the economy of our country that is why they have it seriously to get their own part.

[livingfree]

Simply that they're getting serious and wants also to take cover those markets that have been mentioned through regulation.

There's a chunk of money that they're missing if they keep on ignoring it. So instead of going against and stopping it, they're going to fully support it but it's going to be in their way.

probably they're getting interested on it as well because they don't have choice since crypto currency always shows a good improvement, wherein even despite of banning issues from them it's still unstoppable and seems nothing happened. Take note when its about money they're so wise so expect soon in the near future they will dive in the crypto market as well.. Lol

Yeah, no choice too.

Even if they prohibit it, people will still find a way to trade, buy and sell cryptocurrencies. There's no benefit from the government and that's what they have to understand.

This is why they don't like decentralization.

[Noruka]

Simply that they're getting serious and wants also to take cover those markets that have been mentioned through regulation.

There's a chunk of money that they're missing if they keep on ignoring it. So instead of going against and stopping it, they're going to fully support it but it's going to be in their way.

probably they're getting interested on it as well because they don't have choice since crypto currency always shows a good improvement, wherein even despite of banning issues from them it's still unstoppable and seems nothing happened. Take note when its about money they're so wise so expect soon in the near future they will dive in the crypto market as well.. Lol

Yeah, no choice too.

Even if they prohibit it, people will still find a way to trade, buy and sell cryptocurrencies. There's no benefit from the government and that's what they have to understand.

This is why they don't like decentralization.

We should also keep in mind that we only talk about "the" government as if all politicians would see only evil in cryptocurrencies. What I can observe is that a good and growing number of politicians, often a bit younger ones, are certainly pro this innovation and trying to raise their voice in favor of cryptocurrencies. So far that hasn't had much of an effect because politics is often dominated by older people who have trouble to even understand most of the implications crypto brings about. I think that will change considerably within the next ten years.

[Theones]

https://www.sec.gov/news/public-statement/gensler-aspen-security-forum-2021-08-03
The hyperlink is SEC Chairman Gary Gensler's speech at Aspen Security Forum on August 3.
There are two sentences are worthy of our alert.
"In my view, the legislative priority should center on crypto trading, lending, and DeFi platforms”
"For those who want to encourage innovations in crypto, I’d like to note that financial innovations throughout history don’t long thrive outside of our public policy frameworks.”
Please stay awake. The regulation of the cryptocurrency market will become more and more serious. How do you interpret the  sentences?

After all, it is logical that sooner or later cryptocurrencies must be recognized as legal tender and, consequently, must be regulated. I am sure the number of people using cryptocurrencies will increase over the years, so sooner or later governments will have to stop pretending that nothing is happening in the financial market. They do not want to do this because the banking lobby does not allow it, but somedy they will have to do it.

[arifteguhr]

i am agree we still could alive without regulation , but till when we have to overshadows of fear about banning fud ? didnt we see it on binance now ?

This is what makes me confused now, because sometimes the FUD that is intentionally made looks like there is a political element in it, so that people who are already in the crypto space are afraid of what they say.

[yazher]

They need to get it in line as soon as they think it will benefit them but regulations are ways to put some taxes on those coins owner so that they will behave on what platform they gonna do. Next time they might put some taxes on selling those expensive NFTs they just don't care about it since they just want easy money. so, when they see some opportunity they will take advantage of it. Do you guys think that there are no under-the-table transactions here? I'm sure there is because if we ponder more about the other project, they still exist even though they're not fulfilling the regulations.

[livingfree]

Simply that they're getting serious and wants also to take cover those markets that have been mentioned through regulation.

There's a chunk of money that they're missing if they keep on ignoring it. So instead of going against and stopping it, they're going to fully support it but it's going to be in their way.

probably they're getting interested on it as well because they don't have choice since crypto currency always shows a good improvement, wherein even despite of banning issues from them it's still unstoppable and seems nothing happened. Take note when its about money they're so wise so expect soon in the near future they will dive in the crypto market as well.. Lol

Yeah, no choice too.

Even if they prohibit it, people will still find a way to trade, buy and sell cryptocurrencies. There's no benefit from the government and that's what they have to understand.

This is why they don't like decentralization.

We should also keep in mind that we only talk about "the" government as if all politicians would see only evil in cryptocurrencies. What I can observe is that a good and growing number of politicians, often a bit younger ones, are certainly pro this innovation and trying to raise their voice in favor of cryptocurrencies. So far that hasn't had much of an effect because politics is often dominated by older people who have trouble to even understand most of the implications crypto brings about. I think that will change considerably within the next ten years.

We're generalizing it as the government because that's what we're seeing lately.

Not to say all of them but still there are many of those that don't like decentralization and they only see the evil out of crypto. They have to realize that we're in the modern days.

And crypto isn't just for that use as they think.

[Levero]

1.The government needs to strictly supervise the market chaos and derivative criminal acts of cryptocurrency. The benefits of cryptocurrency may lead to the emergence of more cryptocurrencies in the market, but most cryptocurrency trading platforms are not subject to legal supervision, and it is naturally more difficult for investors to obtain protection for their property.
2. The government regulates the crypto market for their personal benefit. The government will use cryptocurrency to achieve taxation purposes and obtain more income.

[TheUltraElite]

The government needs to strictly supervise the market chaos and derivative criminal acts of cryptocurrency.

I believe that is difficult and therefore has not been done yet, but surely the government are working on it behind the scenes.

The benefits of cryptocurrency may lead to the emergence of more cryptocurrencies in the market, but most cryptocurrency trading platforms are not subject to legal supervision, and it is naturally more difficult for investors to obtain protection for their property.

True that, once an exchange gets hacked, the money goes in limbo, the investors who had money there naturally have no choice but to move to a legal firm to settle disputes. I dont see this problem being addressed and therefore advice users to not store coins on exchanges after trade orders have been fulfilled.

The government regulates the crypto market for their personal benefit. The government will use cryptocurrency to achieve taxation purposes and obtain more income.

In my eyes, that is a good thing. Reason is because of the anonymity that is provided by crypto, many people have been laundering money and using it as a tax evasion method. Now the government has use of the taxpayers money, whether you like it or not is not the point here. Third world countries for example have free government services and they are paid from taxpayers money. If there is lack in that, then a there will a lack in quality of government services.

[sirminesalot]

I think the main point why many people using and trading crypto is the cryptocurrency is decentralized and less regulated. I'm sure if in the future there are a lot of regulation from the exchanges and theh cryptocurrency system itself people will lose interest and find something new that more free to explore. So i think everything is already good right now, just improve the security and the load balance of the exchange.

[Baihaki Khaizan]

when interest and cryptocurrency prices rise sharply, there are always statements from various experts, both negative and positive about cryptocurrencies, but that's normal and I see it only as part of the dynamics.

and I interpret it in a more positive direction, the planned regulation will probably have a good impact on the crypto market, but this is just an assumption and I don't dare to conclude further, because I don't want to disturb my concentration in this very good crypto market.

[HardCore12V]

At first I don't believe that crypto can be regulated but now that CBDC is even a big thing the government will have no choice but to regulate crypto but in a very meaner way I believe, lets wait and see how this goes

[TheUltraElite]

when interest and cryptocurrency prices rise sharply, there are always statements from various experts, both negative and positive about cryptocurrencies, but that's normal and I see it only as part of the dynamics.

I agree, people should learn to accept these as normal if they are in this game. After all, they have agreed to use a currency that has been declared as belonging to "Grey area" in some countries.

and I interpret it in a more positive direction, the planned regulation will probably have a good impact on the crypto market, but this is just an assumption and I don't dare to conclude further, because I don't want to disturb my concentration in this very good crypto market.

The good thing about regulation would be the stop of scam projects that rip off people's money with fake promises and the bankrupt projects which vanish without a trace. Today in the ICO market 99% of the coins listed there are failures and ripoffs. This is have a bad impact on the image of cryptocurrency. Even though we old timers still consider crypto to be majored in bitcoin, the rest of the world does not consider so. For them altcoins carry a reasonable importance and therefore the regulations are necessary.

[oemar bakrie]

There are several kinds of caution we have in dealing with crypto exchanges.
especially in fraud that leads to personal loss if you don't know the right steps in the market.
because now many are focused on investing in crypto assets which may be very promising..

[dimonstration]

There are several kinds of caution we have in dealing with crypto exchanges.
especially in fraud that leads to personal loss if you don't know the right steps in the market.
because now many are focused on investing in crypto assets which may be very promising..

As adoption becomes more and more popular there will be alot of regulations needed to consider especially now tgat the market is way too volatile and many newbies get easily scam by people who sees opportunity to them to trick them. Regulations can help us to have a way to report scammers or project that will run or escape. It have pros and cons but for sure government will find really ways to be involved in crypto since there are money in it they can get.

[ene1980]

I am of the opinion that there should be regulation in the market to counter the fraud in the market. We are 10 years in the market and after the ICO boom we started seeing billions of dollars worth of scam and we should get rid of that epidemic of money mongering assholes who prey on innocent investors.
I had seen enough and i do not want to see any scam further and for that we need regulation for anyone who raise money.

[el kaka22]

As adoption becomes more and more popular there will be alot of regulations needed to consider especially now tgat the market is way too volatile and many newbies get easily scam by people who sees opportunity to them to trick them. Regulations can help us to have a way to report scammers or project that will run or escape. It have pros and cons but for sure government will find really ways to be involved in crypto since there are money in it they can get.

Regulations on the law and regulations on the crypto are very different two things. Think about it, if the price is volatile and there are scammers, if you lose money because of volatility that means you are losing it because of trading and that is bad but regulations on trading will not make that stop, you can lose everything you own on stock market as well in many nations. So, what do we do? We do not regulate the stock market as a whole, we regular the stocks individually to make sure they are not scams, scam companies and so forth.

So, what does that tells us that we should do? We should definitely try to find regulations against the scammers and that has nothing to do with trading, so just keep on working hard towards the scammers and putting laws against them so whenever they scam someone, they should be getting jailed, that will slow it down for sure.

[Ruvi2000sew]

We can tell that the cryptocurrency market will be quite robust in the future. The bitcoin market's laws are currently more stricter. We can expect the cryptocurrency sector to grow in strength and popularity in the future. There's no way to cause a ruckus here. And various updates will take care of everything in a step-by-step manner.

[retnoanjani]

We can tell that the cryptocurrency market will be quite robust in the future. The bitcoin market's laws are currently more stricter. We can expect the cryptocurrency sector to grow in strength and popularity in the future. There's no way to cause a ruckus here. And various updates will take care of everything in a step-by-step manner.

regulation does hold an important control in the development of crypto. Just look at when there is FUD from China, and other influential countries regarding the legality of bitcoin, it will definitely make the market waver, but it won't take long because the market can bounce back.
with regulations from the government, will increase public confidence. let alone a lot of negative rumors related to bitcoin. if we want to learn, all worries related to security etc can be handled properly.