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Author Topic: Is it possible that all cryptocurrency will become regulated?  (Read 658 times)
Erdogan
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July 18, 2022, 10:26:30 PM
 #101

I'm sure all governments would love to see cryptocurrencies fully regulated. In my opinion, however, it is not possible. Blockchain technology offers too many opportunities to remain anonymous. I think it is only up to cryptocurrency users whether they want to use services in which they have to undergo KYC verification, or simply choose an anonymous service.
TheUltraElite
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July 23, 2022, 09:46:51 AM
 #102

I think it is only up to cryptocurrency users whether they want to use services in which they have to undergo KYC verification, or simply choose an anonymous service.
If governments want to regulate the flow of crypto they will force KYC on exchange users. The exchanges have to follow because they are under the control of the government.

I dont see this as something bad - the ones who should be scared by this are the ones laundering money and those are trying to evade taxation through use of crypto. This can cut down the number of stolen coins getting sold on exchanges and help law enforcement catch the scammers too. That is a good thing for the crypto economy and the users who made mistakes in their use of crypto.

To be honest, the number of scam project putting down the name of crypto is way more than the positive attention that bitcoin generates. Hence this is something we need in future.

R


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qwertyup23
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July 23, 2022, 01:18:51 PM
 #103

Crypto market is regulated now.

Yes, I don't know about the whole world, but in the vast majority of the world's countries for sure. What I also believe is that regulations are going to become stricter and stricter, imposing more and more KYC. It is as if the authorities, when they realised that they could not put an end to bitcoin, decided to tolerate it in order to control it in a subtle way.

Based purely from my experience, cryptocurrency exchanges have become so stringent with its regulation and rules. They also ask for tons of KYC documents in order to secure the veracity and origin of BTCs coming into one's wallet.

Unfortunately, my account verification level was restricted since my exchange imposed on its rules that the BTCs entering my account should not come through gambling websites. Due to these regulations, exchanges have become so strict and regulated with its rules that it is borderline restrictive in its use.
Smartprofit
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July 26, 2022, 07:46:54 AM
 #104

I'm sure all governments would love to see cryptocurrencies fully regulated. In my opinion, however, it is not possible. Blockchain technology offers too many opportunities to remain anonymous. I think it is only up to cryptocurrency users whether they want to use services in which they have to undergo KYC verification, or simply choose an anonymous service.

In my opinion, cryptocurrencies will never become fully regulated.  

For example, in addition to Bitcoin and Ethereum, there is an anonymous and confidential cryptocurrency Monero (XMR).  There is also a technology for exchanging one cryptocurrency for another without the mediation of cryptocurrency exchanges (atomic swap technology).  

Strengthening state regulation of the crypto industry inevitably leads to the development of new anonymity and confidentiality technologies.  

There is a good proverb - "Money loves silence."  

Financiers around the world need a crypto offshore, so anonymous coins and other technologies that provide anonymity and privacy will always be.

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