We enter a new era of heavy 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.

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[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.