Regulations for crypto currencies

[marilynmanson21]

if the regulations made by one country are crypto friendly and do not change the working system, I don't think there is a problem with regulations in each country,
but the name of the government will definitely impose the rules they make so that it can harm crypto users/owners
example: tax

[kopijos]

regulation does not have a major effect on crypto. because every country has different regulations. so even though in the future every country has regulations but for crypto it will still have a good position and and transactions will run well without any obstacles

[Doell]

if the regulations made by one country are crypto friendly and do not change the working system, I don't think there is a problem with regulations in each country,
but the name of the government will definitely impose the rules they make so that it can harm crypto users/owners
example: tax

tax are actually good for growing the country's economy but on the other hand our income will also decrease even only a little ,in my country there is new news that there will be a crypto tax of 0.03% which will continue to be reviewed by the government ,I personally no problem for welcome legality and with this tax I become more confident because maybe in terms of price and adoption it will be better

[isaac_clarke22]

~

Asking for that would just defeat the purpose of some coins especially Bitcoin. People did not invest to some coins just because of the returns, but because there is no authorities involved and I hope you realize that fully.
I do not fully support this idea, and yes it will obviously change "the nature of crypto" for sure and that is a bad news for us. The only good thing it would give for sure is freedom of people to use, but are you sure that it is the "freedom" that we are asking in cryptocurrency?

[GeorgeJohn]

Actually many countries is regulating cryptocurrencies on their own point of view and even introducing their own coin, so i know vividly that since the existence of cryptocurrency and it's adoption is not all the countries across the world usually transact with bitcoin as exchange, so therefore i denote that not many of them like decentralized currency, they only look forward for anything centralized which is affecting some them of today, actually if an every country regulates and adopt the uses of cryptocurrency especially bitcoin, it will not have it's potential values again, so is better we further ahead with it like that.

From my perspective, some countries regulates crypto right now, but they are not full recommend or legalize it to the people, and with  the same vein, restrictions are also implemented, so what is the need of regulations since the users is still living in fear because of government authority towards crypto. I think best option is to run your crypto stuff's in silent without anyone awareness.

[Teknisi88]

Regulations seek to provide consumer protection in the use of increasingly popular blockchain technology. Blockchain itself offers new technology in digital data storage.
More and more that agree to digital currencies means Bitcoin is increasingly accepted in various circles. Now it's time to keep up with the times in terms of this currency. This technology can be a part of the derivative of the global financial system, because it is indeed efficient and regulated by decentralized through peer to peer technology.
Regulations seek to provide consumer protection in the use of increasingly popular blockchain technology. Blockchain itself offers new technology in digital data storage.

[Viscore]

Actually many countries is regulating cryptocurrencies on their own point of view and even introducing their own coin, so i know vividly that since the existence of cryptocurrency and it's adoption is not all the countries across the world usually transact with bitcoin as exchange, so therefore i denote that not many of them like decentralized currency, they only look forward for anything centralized which is affecting some them of today, actually if an every country regulates and adopt the uses of cryptocurrency especially bitcoin, it will not have it's potential values again, so is better we further ahead with it like that.

From my perspective, some countries regulates crypto right now, but they are not full recommend or legalize it to the people, and with  the same vein, restrictions are also implemented, so what is the need of regulations since the users is still living in fear because of government authority towards crypto. I think best option is to run your crypto stuff's in silent without anyone awareness.

Bitcoin has even become more complicated as the years go by because of the interruption of negative criticisms coming from the government. As long as they are just one sided, then the government will not be good for crypto as for now. They are making regulations for crypto and at the same time strict restrictions for crypto. So how do we expect people will react on it?

But since crypto aims for massive adoption, then it will not be fully legalized if its not being regulated in the first place. Regulations will make crypto more legal so that people will not hesitate to invest in it or use it as a currency knowing it is fully backed by the government. Because it is the government that control its citizens and if citizens will see to it that crypto is already approved by the government, eventually people will flock to crypto once they find it more interesting than fiat.

[RealMalatesta]

Every country have their own regulations with regards to dealing with cryptocurrency and yes, this has been a topic since then but until now very few understand cryptocurrency and they show a full support with regards to this though most of the country are still neutral and didn't have any regulations at all. For me, we are still far from the mass adoption, we are getting there but still far from reality. If more country regulate cryptocurrency and make this legal, then it will bring a huge impact in the whole market and good prices will start to happen.

My nation basically fits the description, we didn't actually have a law for it for years and people started exchanges when there was nothing and that really worked amazingly as well, it was really something that I liked and I used that situation to make a lot of crypto profit as well because there was no law. I didn't even pay taxes for a while because there was no taxes for the crypto profits and that was a great situation to be in.

Right now, we have supportive laws and it does require me to pay taxes and that is something that I can be fine with, as long as they support it then there is nothing with it, taxes are the reality of the crypto world and all of the business world. If you are making a profit then you are going to pay a tax and that's fine, as long as they support it and suggest that there is nothing wrong with it then I am fine with it.

[Almasani]

Regulatory issues for cryptocurrency have actually been around for a long time.  In fact, it was several years ago.  But it seems, in the past year or so, it has become a serious topic of discussion in several countries.  And it seems, some countries will soon implement it.  What I personally think is, if true, many countries start implementing regulations for crypto currency, will this change the nature of crypto, namely decentralization to not being fully decentralized?  What do your friends think here?  Please share, hopefully this can add insight for all of us 😊🙏

Of course, regulations have been implemented with the implementation of the KYC system on the stock exchange, so that the government's control over finances has occurred, although not completely. Maybe right now only decentralized platforms are still running freely without the need for KYC. But decentralized platforms cannot make money withdrawals to conventional banks. This means that even though we can take advantage of a decentralized platform when trading, the ending we still need a centralized platform.

[Eureka_07]

Regulatory issues for cryptocurrency have actually been around for a long time.  In fact, it was several years ago.  But it seems, in the past year or so, it has become a serious topic of discussion in several countries.  And it seems, some countries will soon implement it.  What I personally think is, if true, many countries start implementing regulations for crypto currency, will this change the nature of crypto, namely decentralization to not being fully decentralized?  What do your friends think here?  Please share, hopefully this can add insight for all of us 😊🙏

That's actually is also running on my mind recently. Specially because play to earn games in blockchain boomed here on our country. Maybe they cannot regulate the network itself, probably only those exchanges that are centralized since exchanges can get information from you using your documents. Also, probably they can tax you if it happen that the government knows your network address (e.g. Ethereum address). Through that, maybe they can link your transactions and impose tax on you.

[matchi2011]

if the regulations made by one country are crypto friendly and do not change the working system, I don't think there is a problem with regulations in each country,
but the name of the government will definitely impose the rules they make so that it can harm crypto users/owners
example: tax

tax are actually good for growing the country's economy but on the other hand our income will also decrease even only a little ,in my country there is new news that there will be a crypto tax of 0.03% which will continue to be reviewed by the government ,I personally no problem for welcome legality and with this tax I become more confident because maybe in terms of price and adoption it will be better

if government will not ruined anything about crypto aside from implementing taxes, in the long run it will be favorable to each
crypto investors, the value will continue to increase as there are usages and more end users to participate, it's a good working
relations between crypto system and the businesses and government that will start to embrace this market.

[BuNga_cute]

Every country have their own regulations with regards to dealing with cryptocurrency and yes, this has been a topic since then but until now very few understand cryptocurrency and they show a full support with regards to this though most of the country are still neutral and didn't have any regulations at all. For me, we are still far from the mass adoption, we are getting there but still far from reality. If more country regulate cryptocurrency and make this legal, then it will bring a huge impact in the whole market and good prices will start to happen.

My nation basically fits the description, we didn't actually have a law for it for years and people started exchanges when there was nothing and that really worked amazingly as well, it was really something that I liked and I used that situation to make a lot of crypto profit as well because there was no law. I didn't even pay taxes for a while because there was no taxes for the crypto profits and that was a great situation to be in.

Right now, we have supportive laws and it does require me to pay taxes and that is something that I can be fine with, as long as they support it then there is nothing with it, taxes are the reality of the crypto world and all of the business world. If you are making a profit then you are going to pay a tax and that's fine, as long as they support it and suggest that there is nothing wrong with it then I am fine with it.

Although most countries have not legalized crypto like El Salvador has done, but we should be grateful as long as the government does not prohibit
the use of cryptocurrencies. Most countries are indeed neutral by not prohibiting the use of crypto as a digital asset, but indeed most countries
prohibit using crypto as a means of payment. Usually the government starts enforcing KYC procedures for centralization exchanges. And I have
no problem with that, as long as I can make a profit from crypto and can convert crypto into fiat. That's good enough in my opinion, and it's true
that even in my country, the government doesn't impose taxes on the income I get from crypto. So until now I still freely invest in crypto, although
I also hope that crypto can be used as an alternative payment. It may take a process for the government to actually allow crypto as a payment.

[Naficopa]

Regulatory issues for cryptocurrency have actually been around for a long time.  In fact, it was several years ago.  But it seems, in the past year or so, it has become a serious topic of discussion in several countries.  And it seems, some countries will soon implement it.  What I personally think is, if true, many countries start implementing regulations for crypto currency, will this change the nature of crypto, namely decentralization to not being fully decentralized?  What do your friends think here?  Please share, hopefully this can add insight for all of us 😊🙏

Unfortunately, but through regulations, decentralization will be reduced in a way. I think simply if we want to use cryptocurrencies officially and pay with them, then they will cease to be decentralized and anonymous. However, in deals between users, the rules will remain as they were. It will simply be a matter of choosing how you want to use cryptocurrencies - officially or anonymously.

[bitzizzix]

if the regulations made by one country are crypto friendly and do not change the working system, I don't think there is a problem with regulations in each country,
but the name of the government will definitely impose the rules they make so that it can harm crypto users/owners
example: tax

tax are actually good for growing the country's economy but on the other hand our income will also decrease even only a little ,in my country there is new news that there will be a crypto tax of 0.03% which will continue to be reviewed by the government ,I personally no problem for welcome legality and with this tax I become more confident because maybe in terms of price and adoption it will be better

if government will not ruined anything about crypto aside from implementing taxes, in the long run it will be favorable to each
crypto investors, the value will continue to increase as there are usages and more end users to participate, it's a good working
relations between crypto system and the businesses and government that will start to embrace this market.

If that happens, crypto will no longer be as attractive as it is now and characteristics like freedom and complete control by one's own hands will no longer be impressive because it is part of a very unique use of crypto.
So like it or not, we have to accept the rules and taxes that we definitely follow and the profits we get are not pure because we have to pay taxes that will benefit the state or government, and for me it happens or not. it doesn't matter to me, most importantly I can still use crypto and maybe there will only be a difference if that happens.

[yazher]

regulation does not have a major effect on crypto. because every country has different regulations. so even though in the future every country has regulations but for crypto it will still have a good position and and transactions will run well without any obstacles

This is right and whenever they regulate it, they just wanted to get some taxes or to benefit from it. either way, as long they don't ban it, everything is good for us and we are free to use it in a legal way. Some countries still don't really care about it and they stay neutral with how they look at bitcoins and other cryptocurrencies they will just issue some warnings about possible ponzi scams using its names and popularities.

[TheUltraElite]

And it seems, some countries will soon implement it.  What I personally think is, if true, many countries start implementing regulations for crypto currency, will this change the nature of crypto, namely decentralization to not being fully decentralized?  

It has not been implemented yet. It is in the talks but for some time now.

Always keep a positive attitude towards news things that happen around you. Regulation has the good things of being able to track money launderers and keep the crypto-related thefts under a certain control when done via exchanges and mixers.

I dont see how this can change decentralization - in fact this will only monitor the exchanges traffic and therefore no changes in central control. Are you sure you are fully informed about it? If so please explain why this can "un-decentralize" the network?

Nature of crypto will remain the same. Those who will be angry about regulation are the money-launderers. The legitimate investors and traders should take this as a boon.

[Jackl87]

Regulatory issues for cryptocurrency have actually been around for a long time.  In fact, it was several years ago.  But it seems, in the past year or so, it has become a serious topic of discussion in several countries.  And it seems, some countries will soon implement it.  What I personally think is, if true, many countries start implementing regulations for crypto currency, will this change the nature of crypto, namely decentralization to not being fully decentralized?  What do your friends think here?  Please share, hopefully this can add insight for all of us 😊🙏

It is true that the topic of regulations that are coming for cryptocurrencies and crypto related projects are discussed in this forum and other crypto platforms for years now. Many crypto enthusiasts are very skeptical and maybe even afraid of regulations for crypto because they fear that crypto will lose it's biggest selling point and feature the decentralization and the total financial freedom of it's users because of that and i totally understand that. I also think though that there needs to be some regulations happening before crypto can become really mainstream.

[michellee]

regulation does not have a major effect on crypto. because every country has different regulations. so even though in the future every country has regulations but for crypto it will still have a good position and and transactions will run well without any obstacles

This is right and whenever they regulate it, they just wanted to get some taxes or to benefit from it. either way, as long they don't ban it, everything is good for us and we are free to use it in a legal way. Some countries still don't really care about it and they stay neutral with how they look at bitcoins and other cryptocurrencies they will just issue some warnings about possible ponzi scams using its names and popularities.

As long as we can still use crypto, that will not be a problem because we can earn money from crypto without worrying if our government will prohibit us. But somehow, the government can make regulations for crypto to their people so they can still control their wealth and take taxes from them. I think that will not be a problem since we can withdraw the crypto to fiat as we want and keep the rest of the amount in crypto. The regulation reason is to know if their people use crypto with right or use it for illegal things.

[TheUltraElite]

Over the past few years, there have been countries that have regulated cryptocurrencies

Which countries? As far as I know, none have done that yet.

and some have even accepted crypto as a valid transaction tool.

As a legal tender, but only recently. Not in the line of a few years, but a few months ago.

In the future, if every country regulates crypto, it is likely that the rules will be enforced accurately depending on how the country repeats crypto either as a transaction tool

You are thinking that crypto will be used just like fiat is used today. In the broader terms yes it might be "used" that way but they are fundamentally different asset classes. Bitcoin is deflationary, decentralied and censorship-resistant while fiat is the complete opposite.

Of course we might a lot of changes happen to the economy if both start being used simultaneously but by then there should be regulations to keep money laundering and easy transactions possible. But we are a long way from that now.

[cabron]

I have read on cointele the there is another regulation law for it I'm quite not sure what changes have been made but previously it was about developers, miners are mandatorily asked to get the data of everyone who was linked to buying and selling cryptocurrency. They don't have the means to do that but they were just asked to do that but of course, can't force anyone to submit.

This time SEC looks about to win the stablecoin issuer regulation which I guess is about time to have doubts that maybe it's true they could freeze stable coins.