We enter a new era of heavy regulations

[chek2fire]

I believe that Bitcoin and general crypto indrustry enter an era of heavy regulations.

Regulations that will do near impossible for the most ppl to buy, trade or even use Bitcoin.

Today EFF have post an article about this matter

https://thedefiant.io/crypto-endangered-confronting-an-existential-threat/

https://twitter.com/EFF/status/1448023101518671873

Bitsamp already do this and ask from the most of their customers to give them every bitcoin or crypto transaction they have done the last years. Where they buy and where they get them.

Maybe this new heavy regulator era will be and a great opportunity for a growth to p2p exchanges.

[1715231331]

1715231331

[1715231331]

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[goldkingcoiner]

The next step of regulation as I see it, is whitelisting. Soon anyone who has a "dirty bitcoin", which isn't direcly tied to the kyc of an entity, might find themselves stuck, unable to sell it or trade with it.
However how exactly they can pull that off, remains to be seen. I kind of doubt that regulators will have that kind of control over decentralised apps and finance. At most they can only regulate the custodians and intermediarys.

This would maybe benefit poor countries or countries that refuse to bow down to the US. Perhaps your coins could still prove to be useable in their own cryptospaces.

[Bitstar_coin]

And what happens if assuming I refuse to give those info? Will be prevented from trading and my account get blocked or something! If there are no other stiff penalties aside from those, I think I will gladly refuse and find alternative, yeah, I guess this will make p2p more popular among crypto enthusiasts. What a calamity. 

[stompix]

Regulations that will do near impossible for the most ppl to buy, trade or even use Bitcoin.

Can you please give a single example of those regulations that will make it Impossible!! for Most! poeple to buy trade and use bitcoin?
One single example of such thing that will affect the majority of a country's population!

For ten years everyone was telling the movements can't stop bitcoin and now suddenly we're in a vulnerable spot and we need to create activist cells in every corner of the world and fight for the revolution otherwise we're doomed.

The crypto industry is facing an existential threat, one that can only be neutralized by collective community action

.

Existential threat.wtf!!..if one or two bills are posting an existential threat it means everything was flawed from the beginning and it's not worth fighting, back to the drawing board.

[Fortify]

I believe that Bitcoin and general crypto indrustry enter an era of heavy regulations.

Regulations that will do near impossible for the most ppl to buy, trade or even use Bitcoin.

Today EFF have post an article about this matter

https://thedefiant.io/crypto-endangered-confronting-an-existential-threat/

https://twitter.com/EFF/status/1448023101518671873

Bitsamp already do this and ask from the most of their customers to give them every bitcoin or crypto transaction they have done the last years. Where they buy and where they get them.

Maybe this new heavy regulator era will be and a great opportunity for a growth to p2p exchanges.

I think that article takes a very pessimistic view of the cryptocurrency world. The fact that it has been allowed to flourish for over 12 years now is testament to hands off regulation and seeing how big the benefits of this new functionality can be. For the last few decades now we have been steadily marching towards digitizing everything, however having a form of cash that does not require a middleman has been missing from that. This is similar to an article saying the internet should be banned because it has pockets of illegal activity, it is a wholly unfair characterization of what it is generally being used for these days. It's worth remembering that the EFF walks a fine line between performing useful defense of our freedom and possibly over-hyping potential threats in an effort to raise more funds for their organization.

[Imran232]

I think this type of transaction might be fair. If they ask for KYC, then it might be needed for something. If I explain my thoughts, then there is one possibility. Some months ago, I heard that India's most popular exchange informed the cyber department about someone, and after their information, police tracked him down and found that he was a drag dealer and dealing in drag with crypto. In this case, the exchange didn't know about his drag dealing. The exchange saw he had some suspicious activity. He got payments from different wallets at different times and a huge number of payments, so they informed him about it. In this case, I think his kyc documents help exchange identify that person. I think if we followed government rules, then the government might not be strict on exchange and wallets, and they probably wouldn't be as strict regulated as well. If kyc is a must, then we should do it in a trusted place. In my opinion, regulation is okay, but strict regulation might be problematic. Ithers people’s opinion can be different as well.

[chek2fire]

an example for what is coming is Bitstamp. Bitstamp for the most active account ask to prove where you get or buy those bitcoins that you trade there.
This is not a simple KYC but a heavy barrier to use this exchange especially for ppl that holds a great ammount  of bitcoin and they get them from differnt sources.

[Baskeyairdrop]

I believe that Bitcoin and general crypto indrustry enter an era of heavy regulations.

Regulations that will do near impossible for the most ppl to buy, trade or even use Bitcoin.

Today EFF have post an article about this matter

https://thedefiant.io/crypto-endangered-confronting-an-existential-threat/

https://twitter.com/EFF/status/1448023101518671873

Bitsamp already do this and ask from the most of their customers to give them every bitcoin or crypto transaction they have done the last years. Where they buy and where they get them.

Maybe this new heavy regulator era will be and a great opportunity for a growth to p2p exchanges.

Regulations put limitations to what bitcoin stands for and if so much regulations are made, it would only limit the way the Cryptocurrency itself is used and where it is used. Most of these bodies that put up these regulatory rules do not even understand how the blockchain works.

[Shenzou]

I totally agree on this point, because for a long time now we have seen a lot of people earning thousands of dollars and this market has grown and has a cap of billions of dollars, and they are doing so under the radar and not paying any taxes while the average joe is struggling in his deck job to barely make a living and having to pay taxes for the government, and i think that the inflation in the number of people who are gaining too much money from trading or investing in crypto  is going to lead to some strict regulations.

[Dread Pirate Roberts]

an example for what is coming is Bitstamp. Bitstamp for the most active account ask to prove where you get or buy those bitcoins that you trade there.
This is not a simple KYC but a heavy barrier to use this exchange especially for ppl that holds a great ammount  of bitcoin and they get them from differnt sources.

It's already advanced KYC. not just customer data but asking for information from where the money came from and others. and each time user make a deposit . they will questioned from where that money come from? and it would be even more difficult if they asked us to prove it . personally I hope no exchange comes close to something like this . really complicate things.

[sunsilk]

an example for what is coming is Bitstamp. Bitstamp for the most active account ask to prove where you get or buy those bitcoins that you trade there.
This is not a simple KYC but a heavy barrier to use this exchange especially for ppl that holds a great ammount  of bitcoin and they get them from differnt sources.

Yeah, this is a complicated type of verification every time you send a fund, you have to be clear with their verification by telling where your funds came. I think this is really something that we don't like to tell where it came.

But if you can just get onto another good exchange then that's the only solution that you can do for the meantime. Hopefully that all of them are not going to be the same with that strict verification of where our funds came every time we deposit.

[Hamphser]

Maybe this new heavy regulator era will be and a great opportunity for a growth to p2p exchanges.

Not really that surprising because government would really love to involved on things which they cant able to take some grasp out of it thats why they do target out platforms or services that do connects through it and

as a user then we wouldnt really be having any choice but to deal with it and KYC is indeed the new era since we've seen on how BInance been affected on this one where verification is already mandatory.

Sooner or later on upcoming years to come then it wont really be a new thing on seeing this new standard and us users would really be having no choice.

[milewilda]

Maybe this new heavy regulator era will be and a great opportunity for a growth to p2p exchanges.

Not really that surprising because government would really love to involved on things which they cant able to take some grasp out of it thats why they do target out platforms or services that do connects through it and

as a user then we wouldnt really be having any choice but to deal with it and KYC is indeed the new era since we've seen on how BInance been affected on this one where verification is already mandatory.

Sooner or later on upcoming years to come then it wont really be a new thing on seeing this new standard and us users would really be having no choice.

Even on our local wallet provider which the regulation becomes more tightier as the years passing by where current users wouldnt really have any choice but to accept with those terms despite of being
already centralized because there's no other way for us to make out some fiat conversion but only on this path which means users will really be dealing with the verification needed even though its
totally opposing on what they do prefer but due to this very reason then we wont really be having any choice and i agree on what is op been saying about this heavy regulation thing.

[Marykeller]

All these regulations are centred to control the trading flow of Bitcoin. I thought Bitcoin is meant to be traded anonymously in any part of the world. Putting up this type of strict measures of regulations will only hinder the circulation of Bitcoin globally.
This should be the US game plan to destabilize cryptocurrency

[Vaculin]

We are going to expect this thing as the government will surely find a way to take control of this and having a strict regulation in the use of cryptocurrency could help for them to succeed.

Yeah, we started to feel it now as even exchanges are now asking for KYC because they are also urged by the government otherwise no permits will be released for them.
https://www.pymnts.com/cryptocurrency/2021/crypto-regulation-and-possible-executive-order-show-top-down-approach/

Well, they have the reason for this and I think we have to put this in consideration since it was for the good of everyone and helping to stop any act of money laundering and illegal activities in which these people are using cryptocurrencies.

[adzino]

I believe that Bitcoin and general crypto indrustry enter an era of heavy regulations.

Regulations that will do near impossible for the most ppl to buy, trade or even use Bitcoin.

Today EFF have post an article about this matter

https://thedefiant.io/crypto-endangered-confronting-an-existential-threat/

https://twitter.com/EFF/status/1448023101518671873

Bitsamp already do this and ask from the most of their customers to give them every bitcoin or crypto transaction they have done the last years. Where they buy and where they get them.

Maybe this new heavy regulator era will be and a great opportunity for a growth to p2p exchanges.

This was inevitable. As long as you are using central exchanges like those, you have to go through all these hassles. But the regulations won't make it "near impossible" for people to make to buy, sell or trade crypto currencies. You can always try p2p trading without using a centralized exchange. It's going to be little hard because you have to trust the person you are dealing with. But isn't this how we are supposed to use crypto currencies to keep it decentralized?

[cabron]

As long as the regulators won't ban crypto, the heavy regulations will not kill cryptocurrency, cryptocurrency will probably kill some industries instead. The FED did said they are not going to ban Bitcoin which I guess started the spike of BTC again.

If users will really want to stay away from regulators, they will not be going to p2p since banks or any other mode of payment like Paypal are part of the regulated platform. They are among those regulators.

[24Kt]

As long as the regulators won't ban crypto, the heavy regulations will not kill cryptocurrency, cryptocurrency will probably kill some industries instead. The FED did said they are not going to ban Bitcoin which I guess started the spike of BTC again.

If users will really want to stay away from regulators, they will not be going to p2p since banks or any other mode of payment like Paypal are part of the regulated platform. They are among those regulators.

At some point, we really have to comply such regulations. Even before, if you cash out your crypto to your local fiat using your local exchange, they are already asking for KYC of their customers. It is now being highlighted as even top crypto-exchanges like binance are asking for compulsory KYC for all its customers. But even with this move, I don't think it will kill the crypto market. People will just find alternatives on how to lessen the exposure of their crypto dealings.

[arwin100]

As long as the regulators won't ban crypto, the heavy regulations will not kill cryptocurrency, cryptocurrency will probably kill some industries instead. The FED did said they are not going to ban Bitcoin which I guess started the spike of BTC again.

If users will really want to stay away from regulators, they will not be going to p2p since banks or any other mode of payment like Paypal are part of the regulated platform. They are among those regulators.

At some point, we really have to comply such regulations. Even before, if you cash out your crypto to your local fiat using your local exchange, they are already asking for KYC of their customers. It is now being highlighted as even top crypto-exchanges like binance are asking for compulsory KYC for all its customers. But even with this move, I don't think it will kill the crypto market. People will just find alternatives on how to lessen the exposure of their crypto dealings.

This is part of regulation and its expected that those things happen since this is the sign that government is already acknowledging crypto currency then they want people to be atleast safe from frauds by having that KYC things and other what they can do to track the users since they want to know the userbase of bitcoin. Maybe the only disadvantage there is the taxation but for me its totally fine as long as we can see bitcoin standing strong and will be known as legal currency around the world.

[vv181]

an example for what is coming is Bitstamp. Bitstamp for the most active account ask to prove where you get or buy those bitcoins that you trade there.
This is not a simple KYC but a heavy barrier to use this exchange especially for ppl that holds a great ammount  of bitcoin and they get them from differnt sources.

Welp, it still didn't prohibit nor limiting most people to buy/trade/use Bitcoin. As your concern as it poses a threat to most of the people and @stompix emphasizing what the regulations could do toward most people. In any way, Bitcoin still is still possible to be used. Not to mention, you stated it only applied to "most active account", right.

Anyway, here is my take, regulations will come, sooner or later. No matter what the consequence, the possibility of Bitcoin being used and traded is limitless, thanks to its decentralized nature. I think we must consider and comprehend that at the underlying level, Bitcoin is at its censorship-resistant and decentralized nature.

[Oceat]

As long as the regulators won't ban crypto, the heavy regulations will not kill cryptocurrency, cryptocurrency will probably kill some industries instead. The FED did said they are not going to ban Bitcoin which I guess started the spike of BTC again.

If users will really want to stay away from regulators, they will not be going to p2p since banks or any other mode of payment like Paypal are part of the regulated platform. They are among those regulators.

I believe have their rights to choose whether they want to use p2p since it has its own purpose and I believe it's not connected to rules and regulations somehow. Regulations will keep popping every now and then so people will have to get used to it by now since this is also for our own sake that's why regulators made some regulations.

As long as it doesn't affect the usage of crypto currency then they can do every regulations they want. Come to think of it when there's no regulations that didn't exist and we are in a year 2013 I think you should have grasp the experience of what was happening in the past. More people are using crypto currency in a dirtiest manners especially the dark web people they can spend their dirty money and won't be worried where they got their money/crypto.

[BuNga_cute]

As long as the regulators won't ban crypto, the heavy regulations will not kill cryptocurrency, cryptocurrency will probably kill some industries instead. The FED did said they are not going to ban Bitcoin which I guess started the spike of BTC again.

If users will really want to stay away from regulators, they will not be going to p2p since banks or any other mode of payment like Paypal are part of the regulated platform. They are among those regulators.

At some point, we really have to comply such regulations. Even before, if you cash out your crypto to your local fiat using your local exchange, they are already asking for KYC of their customers. It is now being highlighted as even top crypto-exchanges like binance are asking for compulsory KYC for all its customers. But even with this move, I don't think it will kill the crypto market. People will just find alternatives on how to lessen the exposure of their crypto dealings.

This is part of regulation and its expected that those things happen since this is the sign that government is already acknowledging crypto currency then they want people to be atleast safe from frauds by having that KYC things and other what they can do to track the users since they want to know the userbase of bitcoin. Maybe the only disadvantage there is the taxation but for me its totally fine as long as we can see bitcoin standing strong and will be known as legal currency around the world.

I'd rather the government enforce KYC against Bitcoin users, rather than the government banning Bitcoin because it considers it illegal. Sometimes
we really have to look at it from the government's point of view, at least the government wants to make sure its citizens are safe while using Bitcoin.
Therefore, the government makes various rules regarding the use of Bitcoin, one of which is by imposing KYC to be able to use local exchanges.
Then regarding the issue of tax enforcement, I actually have no problem with it, as long as the amount of tax that must be paid is reasonable.
In the end we all actually want Bitcoin to be accepted in all countries in the world and become a legal currency, therefore must accept all
the rules imposed by the government.

[Blawpaw]

I believe that Bitcoin and general crypto indrustry enter an era of heavy regulations.

Regulations that will do near impossible for the most ppl to buy, trade or even use Bitcoin.

Today EFF have post an article about this matter

https://thedefiant.io/crypto-endangered-confronting-an-existential-threat/

https://twitter.com/EFF/status/1448023101518671873

Bitsamp already do this and ask from the most of their customers to give them every bitcoin or crypto transaction they have done the last years. Where they buy and where they get them.

Maybe this new heavy regulator era will be and a great opportunity for a growth to p2p exchanges.

Unfortunately, crypto is under the scope of Governments and regulation will soon come. Hopefully, it won't be so harsh that it may stifle industry growth and development. In a way, regulation is good as it will give the user a lot more protection but on the other hand, it will turn into absolute control for the government which was basically the opposite of what Bitcoin was created for. Thing is, the wheels are now turning for too long and have become unstoppable. It came to a point that governments see it as a "can't beat them, better join them" situation.

[Coin-1]

an example for what is coming is Bitstamp. Bitstamp for the most active account ask to prove where you get or buy those bitcoins that you trade there.
This is not a simple KYC but a heavy barrier to use this exchange especially for ppl that holds a great ammount  of bitcoin and they get them from differnt sources.

This is commonly referred to as the AML policy which was implemented by many trusted cryptocurrency exchanges and lending platforms several years ago.

My guess is that this new wave of heavy regulations is caused by recent successful attacks carried out by software that encrypts data or performs other malicious activities. Some of these ransomware apps demand sending coins to a specific BTC address. I even heard that a few months ago, a large company in Mexico was forced to pay unknown hackers in Bitcoin to unblock access to their servers. It looks like the government now wants to track these coins, probe deep into transactions and determine who will cash out the "dirty" bitcoins.

I hope that the legislators will not impose too strict and severe regulations that will kill the entire cryptocurrency market.

[electronicash]

I believe that Bitcoin and general crypto indrustry enter an era of heavy regulations.

Regulations that will do near impossible for the most ppl to buy, trade or even use Bitcoin.

Today EFF have post an article about this matter

https://thedefiant.io/crypto-endangered-confronting-an-existential-threat/

https://twitter.com/EFF/status/1448023101518671873

Bitsamp already do this and ask from the most of their customers to give them every bitcoin or crypto transaction they have done the last years. Where they buy and where they get them.

Maybe this new heavy regulator era will be and a great opportunity for a growth to p2p exchanges.

Unfortunately, crypto is under the scope of Governments and regulation will soon come. Hopefully, it won't be so harsh that it may stifle industry growth and development. In a way, regulation is good as it will give the user a lot more protection but on the other hand, it will turn into absolute control for the government which was basically the opposite of what Bitcoin was created for. Thing is, the wheels are now turning for too long and have become unstoppable. It came to a point that governments see it as a "can't beat them, better join them" situation.

the government is joining we have seen government officials have coins and a government itself like El Salvador is mining BTC. regulations are good, it makes this market getting mainstream already. we shall see more forex and stocks traders coming into crypto instead than stay. but i don't think government can fully control cryptocurrency but they can handle the choke points of it.

[TheUltraElite]

I believe that Bitcoin and general crypto indrustry enter an era of heavy regulations.

I would not use the term "industry" here. It is was less to be given that much name. The only coin of importance is bitcoin and that itself is a big thing to take care of. Rest of crypto is based on a lot of hype, though some have been successful.

The wrong thing to say is what you implicate by "heavy regulation". Regulation has not even been started yet. It has been in the talk for several years now.

Regulations that will do near impossible for the most ppl to buy, trade or even use Bitcoin.

How so? If you have no intentions of money laundering (no offense) then buying bitcoin with fiat is not a problem for anybody having a exchange running in their country and owning enough fiat at hand to buy. It is not like "buying bitcoin = life sentence" thing. Governments want new development to occur and if that means allowing new exchanges to be set up with the terms that they will regulate the flow, then let them do that. Your concern should only be your spending and investment on crypto.

Today EFF have post an article about this matter

I suggest you stop reading articles from such sources. But I am sure you will not because your belief in such topics has already been created and me telling you to stop doing that will only reinforce your false belief.

Bitsamp already do this and ask from the most of their customers to give them every bitcoin or crypto transaction they have done the last years. Where they buy and where they get them.

Bitstamp is less popular among users though. And today in most countries were crypto users demographic is formidable, there are new exchanges being set up. If you dont like Bitstamp, move to another exchange.

Maybe this new heavy regulator era will be and a great opportunity for a growth to p2p exchanges.

Of course it will allow them to grow and this is what the community needs. Instead of being anti-regulation, look on the bright side of things. People will be able to spend and trade crypto just like stocks today.

[Kakmakr]

Unfortunately one of the strong points of Bitcoin has been it's pseudo anonymity and that is also the weak point that are being exploited by hackers for ransomware payments. We have seen several strategic companies and government agencies being hacked and ransomware being demanded in Bitcoin ...and this is the spark that ignited these actions from the government. ( I will not be surprised if these hacks were government sanctioned ) 

A lot of people said it was the end of Bitcoin, when China banned all Crypto currency mining.... and yet, Bitcoin is still here and growing stronger by the day. 

[davis196]

Such heavy regulations might be the end of big centralized cryptocurrency exchange platforms.
Which isn't bad at all."Be your own bank" might become the new norm and we will be moving towards more peer-to-peer trading and financial transactions in the crypto world.Crypto exchanges were convenient for the average user,but this comes with a cost,like KYC verification,paying fees,the risk of the getting scammed,etc.
I have nothing against "whitelisting" my Bitcoins,since I have never earned any Bitcoins via scams,hacks,trading on the darknet or via other illegal methods.I have nothing to hide.I'm sure that 90% of all Bitcoin users have nothing to hide as well.

[witcher_sense]

I have nothing against "whitelisting" my Bitcoins,since I have never earned any Bitcoins via scams,hacks,trading on the darknet or via other illegal methods.I have nothing to hide.I'm sure that 90% of all Bitcoin users have nothing to hide as well.

Then you should be frustrated by the fact that despite your honesty, law obedience, your support of global financial surveillance, authorities don't trust you at all, they require you to constantly prove that you are not a dirty criminal. They think you have something to hide, otherwise, they wouldn't require you to report all your transactions. You are guilty until proven innocent. Shouldn't it be exactly the opposite? In my opinion, honest bitcoiners should fight for their rights to financial privacy. If there is no direct evidence that a subject is associated with criminal activities, he must not be forced to share his transactions with anyone.

[Wildwest]

With the increasing price of bitcoin, the regulations made more difficult for us as crypto users, but with such regulations they do to maintain security and away from scamers that are currently getting worse, and the regulations made must be in accordance with procedures so as not to make it difficult for us to make transactions, and this will be a great opportunity for the growth of p2p exchanges and this is also a big threat to some users, Because not all bitcoins we get in the same way.

[michellee]

I believe that Bitcoin and general crypto indrustry enter an era of heavy regulations.

Regulations that will do near impossible for the most ppl to buy, trade or even use Bitcoin.

Today EFF have post an article about this matter

https://thedefiant.io/crypto-endangered-confronting-an-existential-threat/

https://twitter.com/EFF/status/1448023101518671873

Bitsamp already do this and ask from the most of their customers to give them every bitcoin or crypto transaction they have done the last years. Where they buy and where they get them.

Maybe this new heavy regulator era will be and a great opportunity for a growth to p2p exchanges.

Unfortunately, crypto is under the scope of Governments and regulation will soon come. Hopefully, it won't be so harsh that it may stifle industry growth and development. In a way, regulation is good as it will give the user a lot more protection but on the other hand, it will turn into absolute control for the government which was basically the opposite of what Bitcoin was created for. Thing is, the wheels are now turning for too long and have become unstoppable. It came to a point that governments see it as a "can't beat them, better join them" situation.

the government is joining we have seen government officials have coins and a government itself like El Salvador is mining BTC. regulations are good, it makes this market getting mainstream already. we shall see more forex and stocks traders coming into crypto instead than stay. but i don't think government can fully control cryptocurrency but they can handle the choke points of it.

No matter what, the crypto will still grow and yes, I agree that p2p exchanges can grow faster than before because the regulators can not do many things to the exchanges. But we do not know what the government will do related to the growth of the crypto in their country. Maybe every government will re-evaluate its regulations about crypto and add something that can benefit them.

I like the sentence "can't beat them, better join them" because if the government still tries to force what they want on their people, they will face big questioning. And if the government can clear the mess, the worst thing they can get is a big demonstration from their people. It seems every government needs to learn from El Salvador as one of the successful countries accepting bitcoin in their country.

[bitterguy28]

I believe that Bitcoin and general crypto indrustry enter an era of heavy regulations.



Maybe this new heavy regulator era will be and a great opportunity for a growth to p2p exchanges.

and this is what indeed is the real thing now as p2p our only savior in this tightening regulations towards crypto and p2p will save our asses to use and survive.
though KYC will be obliged yet what else can we do but to obey if we want to stay in this field .

Thanks for the information.

well this is still speculative thread so far nothing to be thank best .

[Argoo]

Since the cryptocurrency market is still very loosely controlled by the government, there will of course be a tightening of cryptocurrency controls. However, I think most of all it will concern personal identification, so that the owners of the cryptocurrency pay taxes on profits and there is some kind of control over the laundering of dirty money. Governments are unlikely to be capable of more.

[wissy]

We all learned by now, that every bull run brings with it crypto regulations and bans from many countries. So we can be quite confident, that current antycrypto rally wont stop BTC .rom going up also. It will slow down the rise for sure, but by now its way too much spread out to be stopped.

[Dhaniii]

Since the cryptocurrency market is still very loosely controlled by the government, there will of course be a tightening of cryptocurrency controls. However, I think most of all it will concern personal identification, so that the owners of the cryptocurrency pay taxes on profits and there is some kind of control over the laundering of dirty money. Governments are unlikely to be capable of more.

Official cryptocurrencies have to stand under the auspices of the government and they have to pay taxes on the profits they make. the government has access to monitor cryptocurrency activities so as not to deceive the public, so it is natural for the government to make strict regulations on cryptocurrency activities.

[Ararbermas]

There's no key to shutdown crypto so they will make it expensive so that everyone cannot afford to buy?, lol if that happens for sure people will panic buying and when it becomes so expensive people will sell especially those whales, so it will not stay above.. wherein there's always a chance for crypto market to drop below.  So for me in my personal opinion i dont think they can sacrifice a massive amount of money in the space just to stop those people who keep buying crypto. It's impossible because obviously it's useless as the market always works like a roller-coaster.. Probably they can make a hype only..

[CryptoCraze11]

I believe that Bitcoin and general crypto indrustry enter an era of heavy regulations.

Regulations that will do near impossible for the most ppl to buy, trade or even use Bitcoin.

Today EFF have post an article about this matter

https://thedefiant.io/crypto-endangered-confronting-an-existential-threat/

https://twitter.com/EFF/status/1448023101518671873

Bitsamp already do this and ask from the most of their customers to give them every bitcoin or crypto transaction they have done the last years. Where they buy and where they get them.

Maybe this new heavy regulator era will be and a great opportunity for a growth to p2p exchanges.

That's something deemed to happen. We the crypto community shouldn't be surprised by that move. In initial days when btc was 1$, 100$ or 1000$ the authorities never took it serious. But the current price has raised eye brows of authorities and they want to take action before it gets late. I am very much sure with time we have some more strict regulations from authorities but BTC will come out stronger with every such move.

[V-t.Ester]

BTC already costs more than 50K per coin and stubbornly assault 60K. Sure governments all over the world became seriously to BTC now. They want to know people who invest in BTC, where they take amounts of money to invest in BTC (as crypto is often used to launder the money), and of course they want to get taxes from traders activities. These are main reasons why governments want to regulate crypto, provide laws and are putting pressure on exchange markets to make mandatory KYC verification for all traders.  Governments slowly but successfully cut off the ways of anonymous using crypto.

[Quidat]

I believe that Bitcoin and general crypto indrustry enter an era of heavy regulations.

Regulations that will do near impossible for the most ppl to buy, trade or even use Bitcoin.

Today EFF have post an article about this matter

https://thedefiant.io/crypto-endangered-confronting-an-existential-threat/

https://twitter.com/EFF/status/1448023101518671873

Bitsamp already do this and ask from the most of their customers to give them every bitcoin or crypto transaction they have done the last years. Where they buy and where they get them.

Maybe this new heavy regulator era will be and a great opportunity for a growth to p2p exchanges.

That's something deemed to happen. We the crypto community shouldn't be surprised by that move. In initial days when btc was 1$, 100$ or 1000$ the authorities never took it serious. But the current price has raised eye brows of authorities and they want to take action before it gets late. I am very much sure with time we have some more strict regulations from authorities but BTC will come out stronger with every such move.

Whenever things gets too big which it cant already be hidden on governments eyes then its not surprising that they would really be engaging or trying to make things stirred up and simply make out some involvement.
You could really expect that government will really take involvement on things specially on something which cant be controlled and thats why we are really seeing these things because of that.
Just like on what others had presumed that we would really be having tighter regulations as we do go big on this crypto market.We dont have any choice.

[coupable]

I believe that Bitcoin and general crypto indrustry enter an era of heavy regulations.

Regulations that will do near impossible for the most ppl to buy, trade or even use Bitcoin.

Today EFF have post an article about this matter

https://thedefiant.io/crypto-endangered-confronting-an-existential-threat/

https://twitter.com/EFF/status/1448023101518671873

Bitsamp already do this and ask from the most of their customers to give them every bitcoin or crypto transaction they have done the last years. Where they buy and where they get them.

Maybe this new heavy regulator era will be and a great opportunity for a growth to p2p exchanges.

I would consider all the known P2P exchanges also as regulated companies. If they didn't ask you for your personal info yet, then it's just a matter of time. All your transactions are recorded and can be used against you under several circanstances. Note that binance gives a special example as it's a regulated company while many decentralized and peer to peer apps affiliated with it can still be used for a great community of users.

[Ziskinberg]

I don't set this possibility aside as surely it comes no matter what the community did. It is eventually the government making their way to control the flow and gives some security to every crypto user, and much more to pursue their goal to prevent the growth of illegal activities that these people are now using digital currencies to hide. This has been the reason why the authorities must govern such stricter rules and we don't have to do against this.

[TelolettOm]

And this is like it can't be denied anymore. The fact that Crypto should be decentralized for a long time fading. It is not at the same time disappearing or being centralized. But the latest regulations are designated for companies related to Crypto.
And even the current global Exchange is also a target for certain state or party regulations.

[TheUltraElite]

I don't set this possibility aside as surely it comes no matter what the community did. It is eventually the government making their way to control the flow and gives some security to every crypto user, and much more to pursue their goal to prevent the growth of illegal activities that these people are now using digital currencies to hide. This has been the reason why the authorities must govern such stricter rules and we don't have to do against this.

Would you trade on an exchange that makes sure laundered money does not come or out? I would because that allows me to sleep soundly at night knowing that I would not be tracked down to the court in case the chain of transaction links my wallet addresses. The lacking in regulation of projects is an important thing that many crypto users wish to see - all these ICO, DeFi, NFT hype based bandwagons will be put to hold then with only legitimate projects being able to put up their coins and offerings.

Of course the money launderers, will always be anti-regulation while honest traders will be pro-regulation. No doubt here.

The fact that Crypto should be decentralized for a long time fading. It is not at the same time disappearing or being centralized. But the latest regulations are designated for companies related to Crypto.

Observing the chain analysis to seek out money laundering of coins is not equal to centralization.

Centralization would be a certain body controlling the supply/demand of money. I think you are getting confused about the terms here.

And even the current global Exchange is also a target for certain state or party regulations.

They have to comply with local government rules. This has been true for several years already.

[electronicash]

I believe that Bitcoin and general crypto indrustry enter an era of heavy regulations.

Regulations that will do near impossible for the most ppl to buy, trade or even use Bitcoin.

Today EFF have post an article about this matter

https://thedefiant.io/crypto-endangered-confronting-an-existential-threat/

https://twitter.com/EFF/status/1448023101518671873

Bitsamp already do this and ask from the most of their customers to give them every bitcoin or crypto transaction they have done the last years. Where they buy and where they get them.

Maybe this new heavy regulator era will be and a great opportunity for a growth to p2p exchanges.

Unfortunately, crypto is under the scope of Governments and regulation will soon come. Hopefully, it won't be so harsh that it may stifle industry growth and development. In a way, regulation is good as it will give the user a lot more protection but on the other hand, it will turn into absolute control for the government which was basically the opposite of what Bitcoin was created for. Thing is, the wheels are now turning for too long and have become unstoppable. It came to a point that governments see it as a "can't beat them, better join them" situation.

the government is joining we have seen government officials have coins and a government itself like El Salvador is mining BTC. regulations are good, it makes this market getting mainstream already. we shall see more forex and stocks traders coming into crypto instead than stay. but i don't think government can fully control cryptocurrency but they can handle the choke points of it.

No matter what, the crypto will still grow and yes, I agree that p2p exchanges can grow faster than before because the regulators can not do many things to the exchanges. But we do not know what the government will do related to the growth of the crypto in their country. Maybe every government will re-evaluate its regulations about crypto and add something that can benefit them.

I like the sentence "can't beat them, better join them" because if the government still tries to force what they want on their people, they will face big questioning. And if the government can clear the mess, the worst thing they can get is a big demonstration from their people. It seems every government needs to learn from El Salvador as one of the successful countries accepting bitcoin in their country.

since US hasn't really finalized its bill for crypto, other countries will also have nothing else to base their regulations on. regulating a currency that is borderless is extremely hard that's why it's taking time for them how to approach this. China quit for it.

they'd have to have the CBDC first before they can really make it because it's only the fiat that a government can control so if they have the digital currency adopted already, it could be easier.

[taufik123]

And this is like it can't be denied anymore. The fact that Crypto should be decentralized for a long time fading. It is not at the same time disappearing or being centralized. But the latest regulations are designated for companies related to Crypto.
And even the current global Exchange is also a target for certain state or party regulations.

The new regulations that are getting stricter are indeed aimed at companies engaged in crypto, which manage crypto assets. Currently, major exchanges have enforced mandatory KYC to find out who the crypto holder is, so that adherents of high privacy levels will be a little disturbed.
Global exchanges must follow the latest regulations provided in order to operate smoothly.
regulation is evolving, but crypto will still be a decentralized asset and will not be a fully centralized asset (even though the government is trying to regulate everything).

[goldkingcoiner]

And this is like it can't be denied anymore. The fact that Crypto should be decentralized for a long time fading. It is not at the same time disappearing or being centralized. But the latest regulations are designated for companies related to Crypto.
And even the current global Exchange is also a target for certain state or party regulations.

The new regulations that are getting stricter are indeed aimed at companies engaged in crypto, which manage crypto assets. Currently, major exchanges have enforced mandatory KYC to find out who the crypto holder is, so that adherents of high privacy levels will be a little disturbed.
Global exchanges must follow the latest regulations provided in order to operate smoothly.
regulation is evolving, but crypto will still be a decentralized asset and will not be a fully centralized asset (even though the government is trying to regulate everything).

I think the newest developments in crypto (DAOs like Defi) are going to make it hard for the governments to regulate anything. And I think that is beautiful. No matter how
hard the government is trying to control us, we and our freedoms will always be out of reach.

I really hope it will stay that way.

[qwertyup23]

The more businesses that see cryptocurrencies as an opportunity to earn, the more that the government will be putting it under their radar. Though there may be some countries where the government supports the implementation of cryptocurrencies to their payment methods (e.g. El Salvador seeing BTC as legal tender, etc.), it comes with a heavy price of regulations, like you mentioned OP.

I think this is one of its natural effects given the price of BTC in the market. The more its price increases, the more that regulations would be stricter. I just do hope that this will not contribute to its downfall.

[syedakhlaque]

The initial stage of the Bitcoin problems & issues has gone. Now we have entered an era where there is a strong KYC, The frame of its rules and regulation is going on. The banks are going to attach with cryptocurrency.
The different countries of the world are stepping forward for its legalization. Some countries have already legalized it. someone is designing the framework of rules and regulations to legalize it. Some are thinking about it . In short, Something is going on for good. Its joining is quick and its flow is uncontrolled. This is a journey for the maturity stage.

[7788bitcoin]

~
The new regulations that are getting stricter are indeed aimed at companies engaged in crypto, which manage crypto assets. Currently, major exchanges have enforced mandatory KYC to find out who the crypto holder is, so that adherents of high privacy levels will be a little disturbed.
Global exchanges must follow the latest regulations provided in order to operate smoothly.
regulation is evolving, but crypto will still be a decentralized asset and will not be a fully centralized asset (even though the government is trying to regulate everything).

The privacy aspect is gone once all the exchanges enforces mandatory KYC and the only problem i have is that i believe there will be a time when these exchanges will not allow to deposit coins that are mixed using a tumbler and we might see those development as well. Even now majority of the casinos are flagging you for using tumblers and all the major exchanges are enforcing KYC and i was asked to comply with them to continue trading with them and i am sure everyone got that mail from them.

[BIT-BENDER]

Maybe this new heavy regulator era will be and a great opportunity for a growth to p2p exchanges.

Yes it will be more adoption for P2P because of the strong hold of regulations, binance users for example has been lamenting the sudden regulations by the exchange which some loses has fallen on the users of the exchange this past months.
Asides exchange regulations, countries government regulations has also caused a slide into p2p, for example the regulation by my country -Nigeria- has caused nigerian to use P2P exchange more since then, increasing the rise of crypto-currency vendors.

[clorasteinberg]

Great thoughts shared by people here, but I agree with @arwin100. Soon there will be a time when the government will put some regulations and rules on trading Bitcoin, but definitely, it is not going to vanish. There are possibilities that you need to pay taxes on your Bitcoin transactions, but if we see the brighter side of it, then soon, we all will be using it as a mode of payment.

[batang_bitcoin]

Great thoughts shared by people here, but I agree with @arwin100. Soon there will be a time when the government will put some regulations and rules on trading Bitcoin, but definitely, it is not going to vanish.

The fact is that bitcoin won't be gone and it's here to stay. Not forever but it's good to stay and can last longer than we are thinking unlike the other projects that after their success, they're no longer improving and the attention that they've taken is not the same the way bitcoin is getting year after year.

There are possibilities that you need to pay taxes on your Bitcoin transactions, but if we see the brighter side of it, then soon, we all will be using it as a mode of payment.

AFAIK, in some states in the  US, they've allowed tax payers to pay their taxes with bitcoin so it has happened already.

[peter0425]

And this is like it can't be denied anymore. The fact that Crypto should be decentralized for a long time fading. It is not at the same time disappearing or being centralized. But the latest regulations are designated for companies related to Crypto.
And even the current global Exchange is also a target for certain state or party regulations.

Let them regulate like what they wanted because in the end it is our desire and action that will save crypto from being abused of this regulator .
they are putting too much pressure just because they wanted to get what they wanted closely.
i don't care what they do because all i care is what I am doing now for my crypto assets.

Great thoughts shared by people here, but I agree with @arwin100. Soon there will be a time when the government will put some regulations and rules on trading Bitcoin, but definitely, it is not going to vanish. There are possibilities that you need to pay taxes on your Bitcoin transactions, but if we see the brighter side of it, then soon, we all will be using it as a mode of payment.

It is happening now, In our country there are added tight in regulating the transactions , they even ask for when the funds comes from things that hard to prove if we are receiving from campaign payments.

[Sayeds56]

And this is like it can't be denied anymore. The fact that Crypto should be decentralized for a long time fading. It is not at the same time disappearing or being centralized. But the latest regulations are designated for companies related to Crypto.
And even the current global Exchange is also a target for certain state or party regulations.

Let them regulate like what they wanted because in the end it is our desire and action that will save crypto from being abused of this regulator .
they are putting too much pressure just because they wanted to get what they wanted closely.
i don't care what they do because all i care is what I am doing now for my crypto assets.

Great thoughts shared by people here, but I agree with @arwin100. Soon there will be a time when the government will put some regulations and rules on trading Bitcoin, but definitely, it is not going to vanish. There are possibilities that you need to pay taxes on your Bitcoin transactions, but if we see the brighter side of it, then soon, we all will be using it as a mode of payment.

It is happening now, In our country there are added tight in regulating the transactions , they even ask for when the funds comes from things that hard to prove if we are receiving from campaign payments.

Absolutely right. It will happen in every country sooner or later that crypto will be regulated and it will come under tax umbrella so that Governments can generate revenue from crypto holdings and stop money laundering. It is better for genuine Investors and Trader so that they can freely invest and trade in crypto market and make profit but pay due tax on their income generated though crypto investments as we pay tax on other form of incomes.

[TinaK]

Great thoughts shared by people here, but I agree with @arwin100. Soon there will be a time when the government will put some regulations and rules on trading Bitcoin, but definitely, it is not going to vanish. There are possibilities that you need to pay taxes on your Bitcoin transactions, but if we see the brighter side of it, then soon, we all will be using it as a mode of payment.

Regulated means that there could be a tax upon owning cryptocurrency, so we can't deny the fact that the heavy regulation was here.
I think this is a part of a heavy adoption too, we need to have a heavy regulation first before the massive adoption of crypto. But I don't think if those people who wanted to avoid paying tax can force the government to pay them a tax, you can hide your identity using bitcoin and once it will transfer to an unknown wallet, there is nothing they can do to on it because it belongs to your without knowing them.

[_Miracle]

Looks like Chipmixer will be useful again. This reminds me of old topics on "dirty and clean coins".

If you want to trade or spend on exchanges then you have to play by their rules---or better put: the rules they are required to play by put on them by whatever regulatory section they fall under.

Peer to peer transactions still happen every day.

[bitterguy28]

Looks like Chipmixer will be useful again. This reminds me of old topics on "dirty and clean coins".

If you want to trade or spend on exchanges then you have to play by their rules---or better put: the rules they are required to play by put on them by whatever regulatory section they fall under.

Peer to peer transactions still happen every day.

Not just Chipmixer because there are many Mixing site also that serves crypto users though some of the big competition are already closed now.

but yes this may add users to those platform because the safer the need here as regulations happening now here and there.

[_Miracle]

Looks like Chipmixer will be useful again. This reminds me of old topics on "dirty and clean coins".

If you want to trade or spend on exchanges then you have to play by their rules---or better put: the rules they are required to play by put on them by whatever regulatory section they fall under.

Peer to peer transactions still happen every day.

Not just Chipmixer because there are many Mixing site also that serves crypto users though some of the big competition are already closed now.

but yes this may add users to those platform because the safer the need here as regulations happening now here and there.

I guess the irony of how dirty paper money is always strikes me (like a gong) when the topic turns to "dirty bitcoins".

[syedakhlaque]

Yes, we have entered a new era where the  BTC and other cryptocurrencies are going to be legalized. This process is slow but regularly it is stepping forward. In my country Pakistan, last week a resolution was moved in the national assembly to legalize BTC and cryptocurrency and many members of the national assembly favoured this resolution. So we can say that we have entered a new era and BTC is also with us entered in this era where the framework of rules and regulations is going to design.

[avikz]

I believe that Bitcoin and general crypto indrustry enter an era of heavy regulations.

Regulations that will do near impossible for the most ppl to buy, trade or even use Bitcoin.

Today EFF have post an article about this matter

https://thedefiant.io/crypto-endangered-confronting-an-existential-threat/

https://twitter.com/EFF/status/1448023101518671873

Bitsamp already do this and ask from the most of their customers to give them every bitcoin or crypto transaction they have done the last years. Where they buy and where they get them.

Maybe this new heavy regulator era will be and a great opportunity for a growth to p2p exchanges.

Regulation is inevitable! There's no way we can escape it unless we move to a sovereign nation create for cryptos. Few years down the line, we all will have to adhere to certain kyc process if we want to continue using cryptocurrencies in a civil society.

Governments are slowly realizing that they can control bitcoin. China tried to shut down and wreck havoc on bitcoin market several times and failed miserably. So what left is regulation and that's what various governments will impose on us! That is inevitable. Even the p2p marketplaces will have to bow down to such regulations.

[kawetsriyanto]

I believe that Bitcoin and general crypto indrustry enter an era of heavy regulations.
.....
Maybe this new heavy regulator era will be and a great opportunity for a growth to p2p exchanges.

I also think so, this world has big concerns about the crypto world. many more countries are also paying attention to it.
The regulation may have certain interests and importance behind it.
We know that many exchanges are turning to have more centralized systems and many more things are done by KYC or AML.
Some countries are also concerned to have certain regulations for the crypto world.

Regulation is inevitable! There's no way we can escape it unless we move to a sovereign nation create for cryptos. Few years down the line, we all will have to adhere to certain kyc process if we want to continue using cryptocurrencies in a civil society.

Well, true.
Because however, we are part of a country in which there will be always regulations that manage and control us as citizens. All things in the country must be also done under certain laws and regulations in the country itself.

The good thing is that it is sometimes not strict enough. Although the regulation is everywhere, there is still some chances and also a gap to utilize and avoid this.

[Questat]

It surely has to come even we don't like it. The SEC and the government had never to stop finding a way to give the solution about fraud and money laundering that these people are now using crypto for faster and anonymous transactions. Maybe, this has become the consequence but I'm not going to against this intention as we(users/investors) are also benefiting from this and the purpose of being legalized as a money tender. Whatever the regulations that will impose, I think we have to abide by them and help to promote the use of crypto as it has already gained support from the government.

[dunfida]

It surely has to come even we don't like it. The SEC and the government had never to stop finding a way to give the solution about fraud and money laundering that these people are now using crypto for faster and anonymous transactions. Maybe, this has become the consequence but I'm not going to against this intention as we(users/investors) are also benefiting from this and the purpose of being legalized as a money tender. Whatever the regulations that will impose, I think we have to abide by them and help to promote the use of crypto as it has already gained support from the government.

There's nothing we can do actually because we do still end up on converting our coins back to fiat which simply means that we would really be ending up on touching ourselves with this centralized platforms.

New era of heavy regulation is something had already been anticipated because sooner or later they would really be finding ways for them to extract out something to those who had been dealing with crypto.

There are no other ways of shutting down crypto itself thats why they do end up on option on tagging up with imposing regulations into those centralized platforms.

[coupable]

It surely has to come even we don't like it. The SEC and the government had never to stop finding a way to give the solution about fraud and money laundering that these people are now using crypto for faster and anonymous transactions. Maybe, this has become the consequence but I'm not going to against this intention as we(users/investors) are also benefiting from this and the purpose of being legalized as a money tender. Whatever the regulations that will impose, I think we have to abide by them and help to promote the use of crypto as it has already gained support from the government.

What i like the most in what op called (new era) , despite its heaviness, that it's a sign about the how much the use of bitcoin gets larger in all communities from the well developped countries to the poorest one. It was expected that governments will take the way of Regulations after several tries to forbid it. In my country, and in less than a month before the parlement set the ordre that the use of bitcoin is not illegal (we can't yet say that it's legal because we need a long set of rules associated with the law) as another irregulated form of money, someone went to jail by a Judicial authority after confirming that he made some bitcoin transactions. This is horrible!
A severe regulation is also anothr step that we have to take before the governments understand well that the blockchain is free from regulations.

[wiss19]

Progressives are always going to have this kind of power over centralized exchanges, but not over the exchanges that are decentralized. Though I’ve always worried about how it’s going to be if they should start whitelisting cryptocurrencies and marking orders that are not coming from any registered entity as dirty coins.

This is not the first time I’m seeing a post like this, I once seen a post that talked about this and said that the government has plans to start a new type of regulations that will require every crypto users to always submit their KYC and also submit details about money that they're sending to addresses that are not registered on the centralized platforms to help the government to know who they are sending the cryptocurrency to.

[songchunlai]

Taming a fierce horse is better than killing and throwing it away

[seramania]

And what happens if assuming I refuse to give those info? Will be prevented from trading and my account get blocked or something! If there are no other stiff penalties aside from those, I think I will gladly refuse and find alternative, yeah, I guess this will make p2p more popular among crypto enthusiasts. What a calamity. 

I don't think such regulations are fully enforced worldwide.  I see if this is only in some countries.  maybe the worst news if the regulation is true, many accounts will be temporarily banned before they complete KYC for transactions

[lixer]

And what happens if assuming I refuse to give those info? Will be prevented from trading and my account get blocked or something! If there are no other stiff penalties aside from those, I think I will gladly refuse and find alternative, yeah, I guess this will make p2p more popular among crypto enthusiasts. What a calamity. 

I don't think such regulations are fully enforced worldwide.  I see if this is only in some countries.  maybe the worst news if the regulation is true, many accounts will be temporarily banned before they complete KYC for transactions

But, these are already happening around the world many exchanges currently disabling accounts and few are temporarily banned or sending emails about withdraw your funds or complete your KYC as I already have this issue and my few accounts under temporarily banned situation because they have very strict policy now.

Even Binance is also going very stick with this all in near future we will not able to have any safe heaven for our adventure in this crypto world because day by day regulations are coming for many companies, and they have no choice just accept and banned peoples those don't like this KYC.

[sana54210]

these are already happening around the world many exchanges currently disabling accounts and few are temporarily banned or sending emails about withdraw your funds or complete your KYC as I already have this issue and my few accounts under temporarily banned situation because they have very strict policy now.

Even Binance is also going very stick with this all in near future we will not able to have any safe heaven for our adventure in this crypto world because day by day regulations are coming for many companies, and they have no choice just accept and banned peoples those don't like this KYC.

In every situation people always find a way out. I don’t know for sure if there’s going to be a time when regulation is going to be too heavy to the extent that people won’t be able to maintain their privacy through making use of cryptocurrency. But, if that should happen in the future, I think there will still be people who would continue making use of peer to peer methods, and there are also decentralized exchanges these days, and there are so many of them that we can find this time around in the cryptocurrency community.

So, maybe when that kind of time comes, this platforms are going to be of help to us. But if not possible, then we'll have to follow whatever the government says we should do, Since we have no other option.

[Kelvinid]

these are already happening around the world many exchanges currently disabling accounts and few are temporarily banned or sending emails about withdraw your funds or complete your KYC as I already have this issue and my few accounts under temporarily banned situation because they have very strict policy now.

Even Binance is also going very stick with this all in near future we will not able to have any safe heaven for our adventure in this crypto world because day by day regulations are coming for many companies, and they have no choice just accept and banned peoples those don't like this KYC.

In every situation people always find a way out. I don’t know for sure if there’s going to be a time when regulation is going to be too heavy to the extent that people won’t be able to maintain their privacy through making use of cryptocurrency. But, if that should happen in the future, I think there will still be people who would continue making use of peer to peer methods, and there are also decentralized exchanges these days, and there are so many of them that we can find this time around in the cryptocurrency community.

So, maybe when that kind of time comes, this platforms are going to be of help to us. But if not possible, then we'll have to follow whatever the government says we should do, Since we have no other option.

I guess we should have to follow the rules and regulations that they implemented or else, we do against them and the chance is they will seize our crypto, that seems the worst thing to happen. It was expected to have this scenario and in fact, this has been a plan by the government to take control of the use of crypto and make it legalized. However, it takes so many years before it becomes official and that it comes, we have to do nothing but to abide the rules. That seems no problem anyway if they are just fair to all of us.

[stomachgrowls]

And what happens if assuming I refuse to give those info? Will be prevented from trading and my account get blocked or something! If there are no other stiff penalties aside from those, I think I will gladly refuse and find alternative, yeah, I guess this will make p2p more popular among crypto enthusiasts. What a calamity. 

I don't think such regulations are fully enforced worldwide.  I see if this is only in some countries.  maybe the worst news if the regulation is true, many accounts will be temporarily banned before they complete KYC for transactions

Adoption is on the move government doesnt really like on what they are currently seeing on whats happening specially on a decentralized market which they cant able to control thats why it isnt surprising that they would really be making out some steps.

Good for those people who had lived on a country which are pro crypto and unlucky for those who do reside into those who do prohibit crypto.

Accept this fate because sooner or later we would see more strict regulatory laws which would really be connecting out on crypto market.

[Botnake]

these are already happening around the world many exchanges currently disabling accounts and few are temporarily banned or sending emails about withdraw your funds or complete your KYC as I already have this issue and my few accounts under temporarily banned situation because they have very strict policy now.

Even Binance is also going very stick with this all in near future we will not able to have any safe heaven for our adventure in this crypto world because day by day regulations are coming for many companies, and they have no choice just accept and banned peoples those don't like this KYC.

In every situation people always find a way out. I don’t know for sure if there’s going to be a time when regulation is going to be too heavy to the extent that people won’t be able to maintain their privacy through making use of cryptocurrency. But, if that should happen in the future, I think there will still be people who would continue making use of peer to peer methods, and there are also decentralized exchanges these days, and there are so many of them that we can find this time around in the cryptocurrency community.

So, maybe when that kind of time comes, this platforms are going to be of help to us. But if not possible, then we'll have to follow whatever the government says we should do, Since we have no other option.

I guess we should have to follow the rules and regulations that they implemented or else, we do against them and the chance is they will seize our crypto, that seems the worst thing to happen. It was expected to have this scenario and in fact, this has been a plan by the government to take control of the use of crypto and make it legalized. However, it takes so many years before it becomes official and that it comes, we have to do nothing but to abide the rules. That seems no problem anyway if they are just fair to all of us.

No, the government won't definitely come to the point that they will be fair to all decentralized crypto traders. This is the reason why we are having heavy regulations by now because the government want us to stop from crypto activities and move into fiat. But as long as bitcoin remains decentralized, then they can't fully trace all our  trading activities  and its a good thing really so we can continue trading and make profits despite of the market's heavy regulations.