We enter a new era of heavy regulations

[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.

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[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.