Ziskinberg
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October 14, 2021, 10:23:04 PM |
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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.
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TelolettOm
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October 14, 2021, 10:35:39 PM |
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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.
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TheUltraElite
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So anyway, I applied as a merit source :)
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October 17, 2021, 05:44:34 AM |
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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.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | │ | 1,000x LEVERAGE | │ | COMPETITIVE FEES | │ | INSTANT EXECUTION | │ | . TRADE NOW |
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electronicash
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October 17, 2021, 03:12:55 PM |
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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/1448023101518671873Bitsamp 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.
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taufik123
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October 17, 2021, 03:35:28 PM |
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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).
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | │ | 1,000x LEVERAGE | │ | COMPETITIVE FEES | │ | INSTANT EXECUTION | │ | . TRADE NOW |
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goldkingcoiner
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Verified Bitcoin Hodler
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October 17, 2021, 04:14:54 PM |
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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.
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| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
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qwertyup23
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October 17, 2021, 04:40:51 PM |
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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.
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syedakhlaque
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October 17, 2021, 05:44:52 PM |
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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.
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7788bitcoin
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October 17, 2021, 06:48:12 PM |
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~ 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.
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BIT-BENDER
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October 17, 2021, 06:56:21 PM |
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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.
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clorasteinberg
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October 19, 2021, 05:40:57 AM |
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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.
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batang_bitcoin
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October 19, 2021, 10:00:22 AM |
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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.
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peter0425
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October 19, 2021, 10:11:09 AM |
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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.
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Sayeds56
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October 21, 2021, 10:23:59 PM |
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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.
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TinaK
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October 21, 2021, 11:35:01 PM |
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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.
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_Miracle
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October 22, 2021, 01:52:07 AM |
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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.
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There 'used' to be more truth in forums than anywhere else. Twitter: @cryptobitchicks Spock: "I am expressing multiple attitudes simultaneously. To which are you referring?" INTJ-A
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bitterguy28
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October 22, 2021, 02:26:51 AM |
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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.
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_Miracle
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 22, 2021, 03:26:10 AM |
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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".
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There 'used' to be more truth in forums than anywhere else. Twitter: @cryptobitchicks Spock: "I am expressing multiple attitudes simultaneously. To which are you referring?" INTJ-A
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syedakhlaque
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October 22, 2021, 10:56:12 AM |
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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.
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avikz
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October 22, 2021, 05:07:44 PM |
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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/1448023101518671873Bitsamp 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.
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