Brazil in the process of regulation. Good or bad?

[kimochidesh]

If the regulation is I being done for adding some rules to the crypto industry then I think it’s a good thing. This will ensure that cryptocurrencies are not being used for terrorism and money laundering activities. This will lead to the addition of many investors to the crypto industry who are currently not investing due to the negative attitude of government towards cryptocurrencies.

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[kaya11]

That will be a good news for us just like 2017. It is not new anymore, others will also follow like what just happened last year. The only difference is that it was portrayed in a different way saying they will banned bitcoin in their country but the truth is it was just regulations. I think more countries will go through this, the crypto community is expanding now.

[CASTIEL05]

Exclusive interview with President Fernando Furlan of the Brazilian Association of Cryptomoedas and Blockchain. Brazil in the process of regulation. Good or bad? https://www.criptomoedasfacil.com/entrevista-exclusiva-com-presidente-fernando-furlan-da-associacao-brasileira-de-criptomoedas-e-blockchain/

Brazil is one of the countries that is not involved in legalization of cryptocurrency in G20 summit. One of the factors I've seen here, why does Brazilian government regulating the cryptocurrency, is because of continuously growing up of cryptocurrency in the world. They are isolated from the inventions and innovations throughout the world.
Brazil has a right choice at the same time, it is also good in cryptocurrency to add a country who are regulating cryptocurrency.

[alfs75]

Exclusive interview with President Fernando Furlan of the Brazilian Association of Cryptomoedas and Blockchain. Brazil in the process of regulation. Good or bad? https://www.criptomoedasfacil.com/entrevista-exclusiva-com-presidente-fernando-furlan-da-associacao-brasileira-de-criptomoedas-e-blockchain/

Brazil,is another kind of free nation,so being in the process of regulation in terms of cryptocurrency,so this the good sign to them become one a capitalize country,these means that there is a chance that there economy,become progressive  just like happen in the country of japan,australia,and some european countries that  because of cryptocurrency they become part of being industrialized in terms of economic growth by the help of digital technology.

[bitllionaire]

That will be a good news for us just like 2017. It is not new anymore, others will also follow like what just happened last year. The only difference is that it was portrayed in a different way saying they will banned bitcoin in their country but the truth is it was just regulations. I think more countries will go through this, the crypto community is expanding now.

In fact that is the future and destination of every country, every country have to realize the need of bitcoin and they will surely make bitcoin as legal in their country, even those countries who have already  consider bitcoin as illegal they will also make bitcoin as legal currency.

[HiRollStaff]

I think regulation is just one of those words that has a negative connotation when it really doesn't need to. In fact, I'd argue its almost 100% positive. Regulation of something means that its actually being accepted and recognized, instead of a ban. So the more countries that accept and regulate the better!

[South Park]

I do not know why people want to fear Bitcoin regulation? We did not expect that governments will sit on their hands and allow Bitcoin and other Crypto currencies to go unregulated? How would we know how to submit our taxes, if we did not know how the governments defined the technology?

Let's just be glad that they acknowledge the technology and that they are taking the effort to regulate it.  I can now pay my taxes and go on with my life, without worrying about them. ^smile^

There are probably two reasons for this, first people are afraid of change, people that have cryptocurrencies are so afraid of regulation as those that prefer to fiat system and fear cryptocurrencies, another reason is that even if what you say is very logical and it was impossible for governments to stay out of cryptocurrencies the truth is that people have gotten to used to not pay their taxes and it seems they do not want to do it.

[carlisle1]

In some ways regulation means freedom for us,if oir country starts to regulate cryptocurrency means they are supporting this by means of regulating everything about what this could bring us and whats the advantages.

If country opens its door for crypto legally means the future for this community will be in betterment of our ways of profiteering

[Nichao]

i think we'll have years of non-regulated market, maybe in 5-7 years the world of crypto will be regulated for more then 50%.

[TrumpD]

In all honesty, I think it is a good idea, given the fact that regulation has thus far been just speculation and theory. Like the saying goes, "you never know until you try". With Brazil taking this step, we have a solid practical case study to draw upon, and learn from, to know whether regulation will work or not. This bold first step could ultimately shape the short-term future of cryptocurrency. I like that they are seeing it as a great opportunity for start-ups and young companies to gain funding which will ultimately boost the local economy.

[Lagrood]

Generally it is good news because it makes an addition advertisement in mass media and new investors and hesitating people may come on market. Also I hope that government regulation will make market more clear and honest. I will observe the situation in Brazil because I am inetested.