Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Power on December 12, 2020, 12:01:57 PM
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The top U.S. banking regulator has confirmed that positive cryptocurrency regulation is coming in a matter of weeks, by the end of the Trump term. “It’s going to work for everybody,” said the regulator, adding that the new regulation will “make it easier for crypto investors to know how to invest,” therefore attracting more institutional investors.
When to Expect New US Crypto Regulation
Brooks was specifically asked whether people should expect new U.S. crypto regulation by the end of the Trump term. “I think you’re going to see a lot of good news for crypto by the end of the Trump term,” he replied, adding:
So you have clarity across a variety of areas that I think you’ll be seeing just in the next 6 – 8 weeks, which will make it easier for crypto investors to know how to invest, to know how institutions can be in this asset class.
“Those are the things that are driving prices at this point,” he opined. “You know it may have been a bubble two years ago, but with more clarity, institutions that see this as a real thing are going to adopt at scale, which they’ve already started to do. So stay tuned.”
Kevin Helms
https://news.bitcoin.com/?s=Frank%20Holmes%20said%20bitcoin%20and%20ethereum%20will%20do%20well%20in%202021
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I am always viewing regulations coming from the government as a two-edged sword...too little of it and you are putting the whole industry at the hands of bad players but too much can be taken as interference which can be affecting good players. There should always be a balance and a continuing dialogue with stakeholders as nothing can be perfect especially for a fledgling industry like cryptocurrency. I would be happy if there can be acceptable regulations coming from the outgoing Trump administration as this can be one of his legacies to us.
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It's a obviously good news for all cryptocurrencies supporters in cryptocurrencies market. After donald trump's elections effect,it would be the more speedy response from us cryptocurrencies regulations. Let be launched in Market, cryptocurrencies market May be more elastic and popular in US
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I am very happy to hear that this crypto is indeed experiencing good development so fast. Where there will always be good regulations between the crypto industry and the US. This is due to the fact that the US is an international currency so that whatever happens to economic development, the US will definitely also experience these changes. Likewise with crypto as part of this economic aspect.
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I think good regulations will be good for crypto I believe because there are many inappropriate behavior in crypto that needs to be checked, too many scam projects in the space, I think this will benefit everyone once it has been made public, the incoming US administration will be lot better than the previous.
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I believe that in this situation there can be two scenarios. After the tightening of regulatory processes, the price of a cryptocurrency may indeed fall due to the danger of owning it, but on the other hand, the price can also skyrocket, as the degree of anonymity of users and anonymous services that cryptocurrency provides will increase, thereby increasing its value. As we all know, prohibited goods are valued much more on the Black Market.
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I still remember President Donald Trump criticizing Bitcpin and other Altcoins by saying cryptocurrencies have a very volatile value and are not considered money.
After I saw this information, I can speculate that even though Bitcoin is not a world currency, it can be used as an easy-to-use country transaction, I support that if some world banks accept bitcoin as a payment system, this will make it easier for members of the crypto community to make transactions. payment wherever and whenever we want with fees or administrative systems that are different from interbank transactions.
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I also hope this will be good news for the Cryptocurrency world, how could America not as a superpower have supported Cryptocurrency. I also hope that if this is realized, other countries can also support Cryptocurrency. So that Bitcoin and Cryptocurrency in general can be quickly accepted by the public. And the important thing is, the Coin price is sure to go up with this good news.
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The top U.S. banking regulator has confirmed that positive cryptocurrency regulation is coming in a matter of weeks, by the end of the Trump term. “It’s going to work for everybody,” said the regulator, adding that the new regulation will “make it easier for crypto investors to know how to invest,” therefore attracting more institutional investors.
When to Expect New US Crypto Regulation
Brooks was specifically asked whether people should expect new U.S. crypto regulation by the end of the Trump term. “I think you’re going to see a lot of good news for crypto by the end of the Trump term,” he replied, adding:
So you have clarity across a variety of areas that I think you’ll be seeing just in the next 6 – 8 weeks, which will make it easier for crypto investors to know how to invest, to know how institutions can be in this asset class.
“Those are the things that are driving prices at this point,” he opined. “You know it may have been a bubble two years ago, but with more clarity, institutions that see this as a real thing are going to adopt at scale, which they’ve already started to do. So stay tuned.”
Kevin Helms
https://news.bitcoin.com/?s=Frank%20Holmes%20said%20bitcoin%20and%20ethereum%20will%20do%20well%20in%202021
Regulation is always good for our future. Remember there is no way that government will support crypto without any regulations. I think this is the first good news for 2020. So I am expecting that on 2021 there will be more country who will regulate crypto on their county and that is the golden time for us. All the market will go green and move strongly.
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So far, it is difficult to say something because the American government may also change its mind, and in general, there are usually loopholes in such news, and I think we will see these loopholes when these new crypto regulation will come into force, but for now we must continue to hope that everything will be excellent with cryptocurrencies.
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I am always viewing regulations coming from the government as a two-edged sword...too little of it and you are putting the whole industry at the hands of bad players but too much can be taken as interference which can be affecting good players. There should always be a balance and a continuing dialogue with stakeholders as nothing can be perfect especially for a fledgling industry like cryptocurrency. I would be happy if there can be acceptable regulations coming from the outgoing Trump administration as this can be one of his legacies to us.
I like the words you said: you're viewing regulations coming from the government as two edged sword.... There is something in those words that reminds me of somethings that's so important. Well the U.S crypto regulations has something always to do with their own profit. Of course it can affect the Cryptocurrency in someways, but not all of its system. In some part it can benefit the crypto industry, but we all know that U.S is not that really good when it comes to Crypto world. So time will speak for itself of what U. S. can do for crypto world because on the other hand U.S. is still one or the wealthiest country in the world.
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I think the use of cryptocurrency in the United States is much higher than most other states. The US economy is much more prosperous than other states. So the legitimacy of cryptocurrency will be more prosperous.
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The top U.S. banking regulator has confirmed that positive cryptocurrency regulation is coming in a matter of weeks, by the end of the Trump term. “It’s going to work for everybody,” said the regulator, adding that the new regulation will “make it easier for crypto investors to know how to invest,” therefore attracting more institutional investors.
When to Expect New US Crypto Regulation
Brooks was specifically asked whether people should expect new U.S. crypto regulation by the end of the Trump term. “I think you’re going to see a lot of good news for crypto by the end of the Trump term,” he replied, adding:
So you have clarity across a variety of areas that I think you’ll be seeing just in the next 6 – 8 weeks, which will make it easier for crypto investors to know how to invest, to know how institutions can be in this asset class.
“Those are the things that are driving prices at this point,” he opined. “You know it may have been a bubble two years ago, but with more clarity, institutions that see this as a real thing are going to adopt at scale, which they’ve already started to do. So stay tuned.”
Kevin Helms
https://news.bitcoin.com/?s=Frank%20Holmes%20said%20bitcoin%20and%20ethereum%20will%20do%20well%20in%202021
Regulation is always good for our future. Remember there is no way that government will support crypto without any regulations. I think this is the first good news for 2020. So I am expecting that on 2021 there will be more country who will regulate crypto on their county and that is the golden time for us. All the market will go green and move strongly.
President Trump has already been replaced by Biden, and we have not yet received the promised regulation of the cryptocurrency that would benefit her. Of course, sooner or later, the regulation of cryptocurrency by states should be. Cryptocurrency can only develop on the territory of individual states, and the participants in this market will be citizens who belong to a particular state. Only the main question is how loyal such regulation will be to cryptocurrency. Now there are various opinions from high officials in relation to cryptocurrency. Recent events related to the entry of institutional investors and large corporations into this market are encouraging.
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I hope that Biden will be more loyal to cryptocurrencies than Trump. It was Trump who was one of those who provoked the fall of Bicoin in 2018. Now hopefully the situation will be different
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If it turns out to be pro crypto like they are saying then just fasten your seatbelts friends because US is a huge market and perhaps the most wealthy country in the world, just imagine mass scale buying into crypto after pro crypto rules in US that would be epic bull run to say the least.
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According to what they say but this is all just speculation and opinions the choice is ours to consider which one is right and why is the best way to cling on. The digital currency is volatile and anything can happen just because of some news or any irrelevant issues that can change the trend.
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I'm excited about this new US crypto regulation and I hope it really helps and drives the adoption of the crypto industry as we have seen right now the market is booming because Institutional investors are already riding on the crypto bandwagon. this news has significant importance to the US crypto users and investors as well.
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^ Of course, that means cryptos are getting noticed. In this pandemic period, the government should pay attention to the economy of its citizens and crypto can help alleviate citizens' complaints. regulation of crypto is the future for crypto.
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Government regulations will determine the existence of a regulation of the long-running system.
Crypto has a lot of community members and nobody controls it, I saw the bitcoin price was still under $20k when this thread was created and now we have seen a tremendous increase as a result of several companies buying cryptocurrency, Visa and Mastercard are companies from America and now we they are has accepted crypto for transactions
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This American government will certainly have a very positive effect on everything in various businesses because America is the world's financial center, namely the US Dollar.
There are also a lot of cryptocurrencies that are paired with USD, so I believe this regulation from the American government will have a positive impact on all cryptocurrency assets.
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On the one hand, this is good, because no matter what regulation will come in any case, and it does not matter whether we want it or not, but it will also bring a lot of positive moments, because then you can openly use cryptocurrency and not worry about anything.
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Trust me, when the government tries to intervene in the circulation of cryptocurrency, there is no good news from this. Cryptocurrency was created for freedom, not restraint like these regulators do.
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The US is a big country. So, every news from that country really gives sometimes big influence on the crypto industry. Not only about regulation, what happens to the previous presidential election between Biden and Trump also give a big influence on the crypto market. So, let's wait for the news. Hopefully, that is good news for crypto.
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The US is a big country. So, every news from that country really gives sometimes big influence on the crypto industry. Not only about regulation, what happens to the previous presidential election between Biden and Trump also give a big influence on the crypto market. So, let's wait for the news. Hopefully, that is good news for crypto.
I am really waiting to the outcome of Biden and Trump leadership. We already saw how trump leads the U.S. now, what about Biden, does it gives rules and regulations that will really help the industry of Cryptocurrency.
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Trust me, when the government tries to intervene in the circulation of cryptocurrency, there is no good news from this. Cryptocurrency was created for freedom, not restraint like these regulators do.
All this is not as simple as it seems at first glance. In society, other money cannot just appear and freely, without any restrictions, walk on the territory of the state. Especially in cases where this money is already declaring itself at too high a price. Lack of regulation always means chaos and the dominance of all sorts of scammers and other criminals. Therefore, it is necessary to classify a new financial asset, legalize its circulation in society and determine the organizational procedure and conditions for its circulation. Without this, the cryptocurrency will not fully develop.
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Well, the fact remains that even if they don't pass a positive regulation concerning crypto, it really can not change anything cus for sure, crypto is here to stay, no person or government can stop that which the entire people in the entire world have chosen as their form of money, crypto is here to stay, it can never be stoped, it's growth can be frustrated but it can't be killed.
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Reading this news, I feel that there is good news for this Cryptocurrency, America, a big country, of course has a big influence on the world too. I hope that after this news circulates, there will be more improvements to Cryptocurrency. Cryptocurrency will be more advanced and developing.
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The US is a big country. So, every news from that country really gives sometimes big influence on the crypto industry. Not only about regulation, what happens to the previous presidential election between Biden and Trump also give a big influence on the crypto market. So, let's wait for the news. Hopefully, that is good news for crypto.
I think the situation has led to the increase in the price of Bitcoin at the end of 2020 to the present.
Good news that comes from every country about cryptocurrency support will always increase the popularity of crypto, this has happened a lot and if it is true that National banks can accept crypto then we will see Bitcoin and altcoins on our list of bank accounts, that's very good and I can't wait to see it
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I am optimistic that the Biden era will give a better situation for the crypto industry because we know he is a friendly person to every party, especially crypto is an important thing in USA now. Moreover, Bitcoin and crypto have an important role to help people in USA to get income during the current financial crisis of pandemic.
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I am optimistic that the Biden era will give a better situation for the crypto industry because we know he is a friendly person to every party, especially crypto is an important thing in USA now. Moreover, Bitcoin and crypto have an important role to help people in USA to get income during the current financial crisis of pandemic.
I doubt the Biden government will have a better financial and economic understanding than Trump. Trump is a businessman and economist, while Biden is just a politician. And the issue of regulating the crypto industry is not a policy, and here you can break the wood at a swoop. It is necessary to approach this issue carefully and thoughtfully so as not to harm.
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I think that if the US Treasury Secretary changes his rhetoric regarding cryptocurrencies, then perhaps the situation in the cryptocurrency market will change and the Biden government will be more supportive of cryptocurrencies. But nevertheless, I would not say that cryptocurrencies are not used at all in the US and therefore the concern is in vain.
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I highly doubt that it will benefit the crypto industry in general. If it benefits anyone, it will be US based companies, tax breaks, tax benefits... Until there is a global regulation for all countries (and that will never come) we will not see a benefit for this industry. Everyone looks towards their own house.
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It is very often that the US government always gives certain influence to the crypto world although they may say that they support crypto. sometimes, their statement also signs that they may against crypto. So far it may not give high impact but sometimes, it will give it back
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Maybe this can affect Cryptocurrency, because America is a big country whose every decision has an influence in the world. Maybe people don't believe this, but I want this decision to increase the price of Cryptocurrency coins, because investors are more confident after seeing America support this Cryptocurrency.
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Many financial experts in the US refuse and have negative comments about the current existence of Bitcoin, I know if they are just speculating because the value of Bitcoin is fluctuating, you they have 1 Bitcoin at the moment, then they will not do that.
However, we have seen crypto price increases that are beyond all of our predictions.
all coins reach new ATH and more positive news will increase crypto coin price
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@zilzylian they can be experts, but they can speak negatively about Bitcoin and cryptocurrencies because they are interested in speaking out for certain interests. For years we have seen many smear campaigns towards cryptocurrencies, and coincidentally almost all of those campaigns have come from companies that have ended up buying cryptocurrencies. It's called FUD.
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Ot may not seem useful to most of the crypto owners but these crypto regulations are necessary. Because if they do not enforce any regulations people will store money as crypto and do not pay any tax.
Also hackers are a great threat the take money from others through crypto these regulations can help to control it.
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It is unlikely that any tightening of regulation will have a beneficial effect on the cryptocurrency market. Freedom doesn't like restrictions. Everyone decides for himself what to do - and that's good.