Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: TomPluz on July 05, 2021, 05:18:05 AM
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In many countries right now, it seems to me that governmental regulators are really closing closely with the cryptocurrency industry including exchanges that are not granted legal standing to operate. In my estimate, come 2022 we can see these regulators establishing the parameters where cryptocurrency and related businesses can operate legally under the command of the government's laws and policies. While this can mean that legit platforms and operators can now surface to the ground, it can also mean following stringent control from the regulators and of course it can mean that they have to pay the taxes and fees required. The good thing that can come out is that because the industry is now legit more and more people will be trusting it...especially those involving some sort of an "investment" in nature.
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Certain rules of general behavior are in any case better than the chaos that we see so far in cryptocurrency. The main thing is that these rules are reasonable and do not contain unnecessary and unjustified restrictions. States and their governments will eventually be forced to regulate the circulation of cryptocurrency in society and this should be treated as an inevitable process. It would be nice if the cryptocurrency integrates into the global financial system without unnecessary conflicts and takes its own niche there, without claiming a leading role.
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Personally, I don't like government intervention in the crypto market, because of the regulatory framework that comes with crypto taxes. If crypto taxes go up to 20-30% then not many traders can continue their full-time trading careers. I want an independent and free crypto market, the government should just manage the issue of protecting users by killing scam projects.
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Even if governments try to fully regulate, kyc and tax crypto gains even then this scenario will be bearish for short term but longterm it will be hugely bullish scenario as crypto will be fully trusted by masses.
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Personally, I don't like government intervention in the crypto market, because of the regulatory framework that comes with crypto taxes. If crypto taxes go up to 20-30% then not many traders can continue their full-time trading careers. I want an independent and free crypto market, the government should just manage the issue of protecting users by killing scam projects.
I think It's too high, to take taxes around 20-30%.
Investors and traders have big risk.
Maybe the government just see the profit, not the lost.
I don't agree government intervention in the crypto.
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I think that regulatory system should also focus more on the new and the upcoming Cryptocurrency project that are yet to enter the Cryptocurrency industry to avoid much damages in the crypto system not on the already existing Cryptocurrency firm, for me I think the body in charge of regulation from the angle of the government regulators should regulate more of new project that want to enter market to reduce scam.
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I think this will never happen, because the crypto community is satisfied with the state of the cryptocurrency in which it is now. If it is recognized all over the world, then, as you say, there will be huge taxes and regulators, but I don't think the whole crypto community will like it, I am sure that investors will become less popular and there will not be such a hype as it is now.
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Certain rules of general behavior are in any case better than the chaos that we see so far in cryptocurrency. The main thing is that these rules are reasonable and do not contain unnecessary and unjustified restrictions. States and their governments will eventually be forced to regulate the circulation of cryptocurrency in society and this should be treated as an inevitable process. It would be nice if the cryptocurrency integrates into the global financial system without unnecessary conflicts and takes its own niche there, without claiming a leading role.
Yes, what we are looking is fair and equitable regulations that can allow the cryptocurrency to grow without the unnecessary restrictions while keeping at bay the bad players so that less people can be victimized by unscrupulous entities and bad programs. And there should be an open communications with the regulators and the whole industry. I am wishing then that this can be coming soon.
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I do not like this race of various states / governments to regulate the use and circulation of crypto with the sole purpose of making some profit through taxes and ancillary costs, cryptocurrencies are born to be independent and not to be blocked, in fact no state / law will never block their free movement
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Even if governments try to fully regulate, kyc and tax crypto gains even then this scenario will be bearish for short term but longterm it will be hugely bullish scenario as crypto will be fully trusted by masses.
The world will be learn from El Salvador later. They might be the better example to follow their footsteps in adoption.
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If regulations come today in crypto, I would welcome it with open arms because this sphere has attracted too many bad actors which has been giving it a bad name. Lets make crypto squeaky clean
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Certain rules of general behavior are in any case better than the chaos that we see so far in cryptocurrency. The main thing is that these rules are reasonable and do not contain unnecessary and unjustified restrictions. States and their governments will eventually be forced to regulate the circulation of cryptocurrency in society and this should be treated as an inevitable process. It would be nice if the cryptocurrency integrates into the global financial system without unnecessary conflicts and takes its own niche there, without claiming a leading role.
I think we have the same stand on regulations. They should be made with the understanding that it is not done to constrict the whole industry but to control the bad actors and to make things fairer and more secure especially to investors and encourage everyone to follow the ethical practices and not engage in anything that can be detrimental to the people.
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There was news that from today the Binance cryptocurrency exchange announced that it is introducing verification for trading participants on this exchange. In addition to providing identification data, you will need to submit your identity document and go through the facial recognition procedure. Previously, Binance had some problems with regulators and after a short time this exchange surrendered. This will happen almost everywhere and we will have to come to terms with it. We still live in a society that is divided into states and it is they who, on behalf of the people, establish such rules.
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In many countries right now, it seems to me that governmental regulators are really closing closely with the cryptocurrency industry including exchanges that are not granted legal standing to operate. In my estimate, come 2022 we can see these regulators establishing the parameters where cryptocurrency and related businesses can operate legally under the command of the government's laws and policies. While this can mean that legit platforms and operators can now surface to the ground, it can also mean following stringent control from the regulators and of course it can mean that they have to pay the taxes and fees required. The good thing that can come out is that because the industry is now legit more and more people will be trusting it...especially those involving some sort of an "investment" in nature.
The rich people of this world make the laws, always in such a way that they get richer and richer. If they find a way so that they do not have to pay tax on their money invested in crypto, a new law will be made so that only the small investors, like you and me, will be made need to pay a lot of tax.
Governments are satisfied and so are the rich people. Nobody will ask you or me anything. This is how the regulation works.
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If regulations come today in crypto, I would welcome it with open arms because this sphere has attracted too many bad actors which has been giving it a bad name. Lets make crypto squeaky clean
Always take a consideration between two sides.
Advantages and Disadvantages.
Government will try to take control the world of crypto in case it is under their sovereignty. (Regulation is a must)
No government has a lot of benefits at the same time risks. Big chance to fall into the hands of scammers which can swipe all our assets. (We're responsible for our own business)
One thing for sure if crypto is govern by them. Tax and strick regulation are possible. Maybe no more excitements a and hype. And also fluctuations should have a limit. Haha
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In many countries right now, it seems to me that governmental regulators are really closing closely with the cryptocurrency industry including exchanges that are not granted legal standing to operate. In my estimate, come 2022 we can see these regulators establishing the parameters where cryptocurrency and related businesses can operate legally under the command of the government's laws and policies. While this can mean that legit platforms and operators can now surface to the ground, it can also mean following stringent control from the regulators and of course it can mean that they have to pay the taxes and fees required. The good thing that can come out is that because the industry is now legit more and more people will be trusting it...especially those involving some sort of an "investment" in nature.
If crypto currency will be legalized by the government, It will have good effect for crypto currency market .
I see you predicted will happen at 2022, Hopefully It will be.
Because we all know, at several countries still blocked crypto currency.
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If crypto currency will be legalized by the government, It will have good effect for crypto currency market .
I see you predicted will happen at 2022, Hopefully It will be.
Because we all know, at several countries still blocked crypto currency.
2022? 4 months left to enter the year. Let me assume +2 years more, countries are not yet ready to legalized cryptocurrency how much more in 4 months.
Integration of crypto system is not simple as what we think in a short period of time. Countries must prepare their citizens for the up coming adoption in order to invade the traditional point of view shift to new peripheral dimensions.
Government, crypto, citizens, economy, long term future, security, gain, and life = long term (safu) plan. 3 years seems not enough to say they master crypto adoption.
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It really depends on what directions regulations will take. I think some regulations would be good, but imposing strict limitations or bans, like some countries already do, wouldn't lead to much good.
By the way, you already have to pay taxes if you want to withdraw crypto profits in a legal manner. There have been some rumours that some governments would want to tax cryptos on every transaction, but as far as I know there is no way to do that right now.
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It really depends on what directions regulations will take. I think some regulations would be good, but imposing strict limitations or bans, like some countries already do, wouldn't lead to much good.
By the way, you already have to pay taxes if you want to withdraw crypto profits in a legal manner. There have been some rumours that some governments would want to tax cryptos on every transaction, but as far as I know there is no way to do that right now.
That's why the only regulations in crypto that I support are those that protect investors from scam. If governments earn more than the individual investor, then something has gone terribly wrong.
And in the same time an Amazon pays 0% tax, but earns billions.
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If crypto currency will be legalized by the government, It will have good effect for crypto currency market .
I see you predicted will happen at 2022, Hopefully It will be.
Because we all know, at several countries still blocked crypto currency.
2022? 4 months left to enter the year. Let me assume +2 years more, countries are not yet ready to legalized cryptocurrency how much more in 4 months.
Integration of crypto system is not simple as what we think in a short period of time. Countries must prepare their citizens for the up coming adoption in order to invade the traditional point of view shift to new peripheral dimensions.
Government, crypto, citizens, economy, long term future, security, gain, and life = long term (safu) plan. 3 years seems not enough to say they master crypto adoption.
It looks like new and tougher rules for cryptocurrency will be introduced earlier than 2022. The G20 countries have instructed the international FATF group to prepare new rules for cryptocurrency by October and they will certainly not be liked by most participants in the cryptocurrency market. It is already good at least that the states do not intend to prohibit the circulation of bitcoin and most cryptocurrencies, although it is possible that coins with a higher level of privacy will suffer. The existing financial system simply has the intention of absorbing cryptocurrency and making it absolutely transparent and with a minimum level of confidentiality, and for government agencies without any confidentiality or anonymity at all. We will soon see where this will lead.
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Even if governments try to fully regulate, kyc and tax crypto gains even then this scenario will be bearish for short term but longterm it will be hugely bullish scenario as crypto will be fully trusted by masses.
The world will be learn from El Salvador later. They might be the better example to follow their footsteps in adoption.
I think you're right, all countries should learn from elsavador.
We all believe everything will be crypto at the coming future.
Digital era will dominate at the world.
So , government should adopt and legalize crypto currency.
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I don't want government to interfere in crypto that much because if it will going like this then the government will further add some taxes on cryptocurrency users too in every country which i think will not be a good think. So, the way they are running is quite good but don't make it as limited as we didn't even think of.
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I don't want government to interfere in crypto that much because if it will going like this then the government will further add some taxes on cryptocurrency users too in every country which i think will not be a good think. So, the way they are running is quite good but don't make it as limited as we didn't even think of.
There are several #crypto havens" to avoid precisely what you describe in your post. Governments not only impose taxes on citizens who use crypto, but also impose taxes on exchanges that want to operate in their countries in addition to in depth investigations to combat money laundering, the difference is that in some countries those taxes are higher than in others.
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In any case, if we want the cryptocurrency to go in our society on a par with the currencies of states, the states need to approve it, which means that the cryptocurrency will have to follow their rules for such a circulation. There is simply no other option.
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I don't see the gloom and doom crypto heads feel regulations would bring. I think its the other way rounds. Look, this industry is plagued with all sorts of malicious characters due to its ill regulated feature. So getting the government in would reduce the criminal elements
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Personally, I don't like government intervention in the crypto market, because of the regulatory framework that comes with crypto taxes. If crypto taxes go up to 20-30% then not many traders can continue their full-time trading careers. I want an independent and free crypto market, the government should just manage the issue of protecting users by killing scam projects.
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Personally, I don't like government intervention in the crypto market, because of the regulatory framework that comes with crypto taxes. If crypto taxes go up to 20-30% then not many traders can continue their full-time trading careers. I want an independent and free crypto market, the government should just manage the issue of protecting users by killing scam projects.
I agree, I think government should focus to kill scam project, not only take taxes.
Talking about 20-30% is so high mate .
Trader will leave crypto currency.
I think It's the way to kill crypto currency trader.
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Personally, I don't like government intervention in the crypto market, because of the regulatory framework that comes with crypto taxes. If crypto taxes go up to 20-30% then not many traders can continue their full-time trading careers. I want an independent and free crypto market, the government should just manage the issue of protecting users by killing scam projects.
We simply have no choice than to expect the upcoming growth of continuous regulation of the circulation of cryptocurrency by states. In any case, this regulation has positive aspects, since without establishing the legal status of the cryptocurrency and the order of its circulation in society, the official circulation of the cryptocurrency in the state will be impossible. The unofficial circulation of cryptocurrency will not have a significant impact on the financial system of the state precisely as a means of payment.
Another question is how moderate and expedient such regulation will be. In this matter, the population will have to defend their rights and find a compromise with governments.
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Personally, I don't like government intervention in the crypto market, because of the regulatory framework that comes with crypto taxes. If crypto taxes go up to 20-30% then not many traders can continue their full-time trading careers. I want an independent and free crypto market, the government should just manage the issue of protecting users by killing scam projects.
I agree, I think government should focus to kill scam project, not only take taxes.
Talking about 20-30% is so high mate .
Trader will leave crypto currency.
I think It's the way to kill crypto currency trader.
Yeah, I think the governments have rule to kill scam project.
Maybe KYC and monitoring every projects there.
Have regulation for scammers.
So, It will have good effect for crypto world.
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It really depends on what directions regulations will take. I think some regulations would be good, but imposing strict limitations or bans, like some countries already do, wouldn't lead to much good.
By the way, you already have to pay taxes if you want to withdraw crypto profits in a legal manner. There have been some rumours that some governments would want to tax cryptos on every transaction, but as far as I know there is no way to do that right now.
That's why the only regulations in crypto that I support are those that protect investors from scam. If governments earn more than the individual investor, then something has gone terribly wrong.
And in the same time an Amazon pays 0% tax, but earns billions.
I agree. In many ways, cryptos have made investing possible and profitable even for people who don't have large amounts of capital.
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I can't say it's good or bad it depends. Some investors always remain anonymous but when their country govt regulates the exchanges then your identity will no more be anonymous. I also feel many countries' governments will set the parameter and rules and regulations for the exchanges to operate in their countries and exchanges have to follow or stop the business in that country. Yes, then we will have to pay the taxes as well and yes, you can say many more new investors will trust and will plan to invest in the cryptos if there is some kind of regulation by the governments.
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IMO, as I said before, if we say about regulation it means that something to be regulated, like the privacy and anonymity functions of cryptocurrency users and investors, are most likely to be hit if that so-called regulation will be implemented. because in the current crypto setup, anonymity and privacy were still thriving. and if the regulation will push through anonymity functions of cryptocurrencies is no longer permitted.
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If a country legalizes cryptocurrencies, then the government must levy taxes from there. So the governments of all countries should take action. This will allow everyone to use cryptocurrency.
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If a country legalizes cryptocurrencies, then the government must levy taxes from there. So the governments of all countries should take action. This will allow everyone to use cryptocurrency.
Any government will tax everything that generates economic wealth, the only good thing about those future regulations is that investors would be covered against scams. If we are not worried about scams and we do not want to pay taxes, we can always use one of the 36 tax havens (there are more, but not all in the same list) that there are in the world. There are many factors that influence how these potential and future regulations may affect, but the most important factor is the amount of funds we have.
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Without cryptocurrency regulation, there will be no legalization. This must be realized and accepted by the state regulation of the cryptocurrency as an inevitable process. If we want cryptocurrency to develop and spread around the world, we will have to agree to certain regulation of its circulation. After all, states cannot fail to notice the free movement of large flows of capital, which, moreover, cannot be stopped by any borders. Only regulation is different and I would like it to be reasonable.
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It is good that countries have passed a law on paying taxes using cryptocurrencies. It was not denied by countries, thereby positively influencing bitcoin discretion of the law. Those companies that were previously "hiding", were in the shadows, may come out into the light. By simply paying tax on the use of cryptocurrency. This is a positive trend that is being fully revealed today.
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Governmental regulations is good, but this is to some extent, like the op have said, regulations will help legit projects to establish a more strong foundation, it will also help reduce alot of the scam projects parading theirselves as legitimate projects.
I see alot of positive ways regulations can help crypto get better, but one of the cons is that people will have to start paying tax on their crypto earnings which I personally believe is not to heavy a price or sacrifice to make for a cleaner environment here.
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I am wondering how governments will regulate anonymous cryptocurrencies and how decentralized platforms and projects can be controlled. The situation with taxes is also difficult, it is not clear what exactly they will tax and how to calculate profit.
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I am wondering how governments will regulate anonymous cryptocurrencies and how decentralized platforms and projects can be controlled. The situation with taxes is also difficult, it is not clear what exactly they will tax and how to calculate profit.
Governments have various ways of trying to collect taxes. In my country, it is not necessary to inform the government of the cryptocurrencies that citizens have until we want to sell them for FIAT, if we don't sell them, we don't pay taxes, but we must have a history of investments, gains and losses. Now the government wants to change its way of acting, even if we don't sell our cryptocurrencies we must inform the government, and if we don't we could be fined in the future.
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IMO, I guess it depends on the situation of the countries that adopting cryptocurrencies because I believe that each country has a different approach when it comes to cryptocurrency regulation like my country, cryptocurrencies are already regulated but in a more friendly way because my country's monetary authorities are tech-savvy and financial product and service innovators.
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For now, states continue to study and look closely at cryptocurrencies in order to develop some kind of unified approach to their regulation and taxation. But we must understand that the regulation of cryptocurrency at the same time means its legalization. That is, regulation of cryptocurrency is still unavoidable, and therefore this process should be treated as an inevitable stage on the path of cryptocurrency development.
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I am wondering how governments will regulate anonymous cryptocurrencies and how decentralized platforms and projects can be controlled. The situation with taxes is also difficult, it is not clear what exactly they will tax and how to calculate profit.
Governments have various ways of trying to collect taxes. In my country, it is not necessary to inform the government of the cryptocurrencies that citizens have until we want to sell them for FIAT, if we don't sell them, we don't pay taxes, but we must have a history of investments, gains and losses. Now the government wants to change its way of acting, even if we don't sell our cryptocurrencies we must inform the government, and if we don't we could be fined in the future.
Yes, this is precisely the problem that governments want to take taxes not only at the moment when we exchange cryptocurrencies for fiat, but also when we trade and other operations with cryptocurrencies. I think the regulation of cryptocurrencies has both its pluses and minuses, which, it seems to me, are a little more than pluses ;D
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Yes, this is precisely the problem that governments want to take taxes not only at the moment when we exchange cryptocurrencies for fiat, but also when we trade and other operations with cryptocurrencies. I think the regulation of cryptocurrencies has both its pluses and minuses, which, it seems to me, are a little more than pluses ;D
I'm not really sure if that has more advantages, as you say, that depends on the percentages that each government includes in taxes. And that's a problem that can lead us to one of the things we've always talked about, tax havens. If, for example, the government of my country decides to charge 15% of the amount we obtain in FIAT, and in another nearby country the government decides to charge only 8%, we already know what will happen, people will open companies in the country more cheap to pay less, and that's the same old thing.
The ideal would be to have the most unified legislation possible, but that is something that will not happen either.
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Regulations bring stability in the market thus volatility of this market will be reduced and the common man will also consider cryptos as an investment but now it's not like that still a common man hesitates to invest in the crypto market because of huge volatility and yes If the market regulated we need to pay taxes as well and I would say we should be prepared for this because I feel sooner or later many of the countries will regulate it and apply some taxes on crypto traders and holders.
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Without cryptocurrency regulation, there will be no legalization. This must be realized and accepted by the state regulation of the cryptocurrency as an inevitable process. If we want cryptocurrency to develop and spread around the world, we will have to agree to certain regulation of its circulation. After all, states cannot fail to notice the free movement of large flows of capital, which, moreover, cannot be stopped by any borders. Only regulation is different and I would like it to be reasonable.
I agree, legalization and regulation come hand in hand. I also hope it will end up being reasonable and not overly strict.
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I agree, legalization and regulation come hand in hand. I also hope it will end up being reasonable and not overly strict.
That will depend on the legislation that each country develops, and therein lie the biggest differences and probably the biggest problems for cryptocurrency holders. Each country will include fees and taxes based on the amount of cryptocurrencies that each citizen has and wants to declare to the tax offices. And that unfortunately will lead us to happen exactly the same as with the FIAT, more (there are already some) tax havens focused on cryptocurrencies will be created.
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I agree, legalization and regulation come hand in hand. I also hope it will end up being reasonable and not overly strict.
That will depend on the legislation that each country develops, and therein lie the biggest differences and probably the biggest problems for cryptocurrency holders. Each country will include fees and taxes based on the amount of cryptocurrencies that each citizen has and wants to declare to the tax offices. And that unfortunately will lead us to happen exactly the same as with the FIAT, more (there are already some) tax havens focused on cryptocurrencies will be created.
Yeah , tax regulation will make us suffering.
But That's the fact, every country have own consideration.
But I agree If it will happen, because if the government allow crypto, I believe crypto will shine.
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The process of regulating cryptocurrencies by states will be long and ambiguous. Although the cryptocurrency has been in existence for the thirteenth year, a significant number of states still cannot develop a single line of conduct in relation to it, and therefore the legalization process is being delayed and carried out in a rather contradictory way. But in any case, the legalization and regulation of cryptocurrency, no matter how tough they are, is much better than the long-term uncertainty between the gray circulation of cryptocurrency in society and its ban.
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The process of regulating cryptocurrencies by states will be long and ambiguous. Although the cryptocurrency has been in existence for the thirteenth year, a significant number of states still cannot develop a single line of conduct in relation to it, and therefore the legalization process is being delayed and carried out in a rather contradictory way. But in any case, the legalization and regulation of cryptocurrency, no matter how tough they are, is much better than the long-term uncertainty between the gray circulation of cryptocurrency in society and its ban.
I don't care about regulation, I think crypto will have great future and more valuable at the coming years
If your countries blocked crypto, I think you can use VPN.
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The process of regulating cryptocurrencies by states will be long and ambiguous. Although the cryptocurrency has been in existence for the thirteenth year, a significant number of states still cannot develop a single line of conduct in relation to it, and therefore the legalization process is being delayed and carried out in a rather contradictory way. But in any case, the legalization and regulation of cryptocurrency, no matter how tough they are, is much better than the long-term uncertainty between the gray circulation of cryptocurrency in society and its ban.
I don't care about regulation, I think crypto will have great future and more valuable at the coming years
If your countries blocked crypto, I think you can use VPN.
Maybe at the country that blocked bitcoin and altcoins need the tax.
I think It's the reason why they always block and refuse crypto currency.
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In many countries right now, it seems to me that governmental regulators are really closing closely with the cryptocurrency industry including exchanges that are not granted legal standing to operate. In my estimate, come 2022 we can see these regulators establishing the parameters where cryptocurrency and related businesses can operate legally under the command of the government's laws and policies. While this can mean that legit platforms and operators can now surface to the ground, it can also mean following stringent control from the regulators and of course it can mean that they have to pay the taxes and fees required. The good thing that can come out is that because the industry is now legit more and more people will be trusting it...especially those involving some sort of an "investment" in nature.
I think It's good if the government have regulation for crypto currency.
The government will get tax and know the transaction of crypto although crypto cannot be controlled, but tax is good for country.
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In many countries right now, it seems to me that governmental regulators are really closing closely with the cryptocurrency industry including exchanges that are not granted legal standing to operate. In my estimate, come 2022 we can see these regulators establishing the parameters where cryptocurrency and related businesses can operate legally under the command of the government's laws and policies. While this can mean that legit platforms and operators can now surface to the ground, it can also mean following stringent control from the regulators and of course it can mean that they have to pay the taxes and fees required. The good thing that can come out is that because the industry is now legit more and more people will be trusting it...especially those involving some sort of an "investment" in nature.
I think It's good if the government have regulation for crypto currency.
The government will get tax and know the transaction of crypto although crypto cannot be controlled, but tax is good for country.
Yeah, I think If government take the tax for investors and traders of crypto currency, It's good way to take income for our country.
But maybe several people will refuse but they must agree with this.
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Yeah, I think If government take the tax for investors and traders of crypto currency, It's good way to take income for our country.
But maybe several people will refuse but they must agree with this.
I think It's not good because exchange always take high fee, If the government take the tax , I think we as trader will get little profit because reduce by tax and fee.
I don't agree with this.
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I think It's not good because exchange always take high fee, If the government take the tax , I think we as trader will get little profit because reduce by tax and fee.
I don't agree with this.
Every regulation has positive and negative points. The positive is that the scams will be monitored, controlled and prosecuted in case of losing our invested money. The negative points are the data that the exchanges will deliver to the governments and the commissions that they will charge us when we have profits. For me, the biggest negative point is that exchanges can hand over our buying and selling history (for years) to governments, the fines can be huge if governments decide to apply the law retroactively.
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First of all, I would say we all have a different opinion on your question. In my opinion, regulation is good for the market and it will help to bring many more investors in the crypto market that's all good for the growth of the crypto market but heavy taxes will also impose so we have to share a good no of percentage with the governments and that is the thing many of us will not like it. With regularization, we can expect that scam projects will also be reduced.
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I have always wanted crypto to be a regulated financial niche. Its very important for the industry because of the way criminal elements have made the niche their home. 90% of new projects are scams. Nobody who wishes well for crypto, likes that
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I have always wanted crypto to be a regulated financial niche. Its very important for the industry because of the way criminal elements have made the niche their home. 90% of new projects are scams. Nobody who wishes well for crypto, likes that
I think Im not agree If you said 90% projects are scam.
Because I see there are several legit crypto projects.
Regulation is good and will improve the crypto market.
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In many countries right now, it seems to me that governmental regulators are really closing closely with the cryptocurrency industry including exchanges that are not granted legal standing to operate. In my estimate, come 2022 we can see these regulators establishing the parameters where cryptocurrency and related businesses can operate legally under the command of the government's laws and policies. While this can mean that legit platforms and operators can now surface to the ground, it can also mean following stringent control from the regulators and of course it can mean that they have to pay the taxes and fees required. The good thing that can come out is that because the industry is now legit more and more people will be trusting it...especially those involving some sort of an "investment" in nature.
Regulation is good for crypto currency, but also bad , If the government take the tax so high.
I also agree about regulation, If the regulation support the crypto Investors.
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Regulation is good for crypto currency, but also bad , If the government take the tax so high.
I also agree about regulation, If the regulation support the crypto Investors.
I think tax for country income, So it's good.
But don't take too much.
As trader and investors we also need profit to fulfill our needs.
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The regulation of cryptocurrency by states is inevitable for it on the way to widespread adoption and distribution around the world. Although there may be negative aspects, in general it is useful and necessary. The main thing is that this regulation should not be too strict, otherwise the cryptocurrency will be forced to go into the shadows.
In order for a lot of capital to continue pouring into cryptocurrency, investors need to see that it is legalized by the state and protected by law.
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agree regulation is good for crypto currency, I think It reduces scammers and the government can take the tax.
But also not good if tax is higher.
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The rules are established by the state where the relevant laws are introduced. The law has been introduced, follow it. And the fact that you only assume that the state is involved in execution in a number of cryptocurrencies, especially cryptocurrency exchanges, is your right. Of course they can and they know about it!
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The rules are established by the state where the relevant laws are introduced. The law has been introduced, follow it. And the fact that you only assume that the state is involved in execution in a number of cryptocurrencies, especially cryptocurrency exchanges, is your right. Of course they can and they know about it!
I agree with you. But the problem is the same as always, people with less funds will pay little and will not have another option if they do not want to break the law, but the whales that reside legally in those countries can go to tax havens (every day there are more and they are cryptocurrency friendly) and pay nothing. Exactly the same as with fiat money, that's why the biggest fortunes are almost always concentrated in the same countries.
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Or it can also enter the political sphere in the country to attract a lot of votes in the election campaign and this is really very worrying because cryptocurrencies are used as a tool for the parliamentary election campaign.
But everything can be legal because cryptocurrencies always provide something very valuable for all, including in gathering times such as during the legislative election and this evidence is enough for cryptocurrency to be accepted by the whole community.
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Or it can also enter the political sphere in the country to attract a lot of votes in the election campaign and this is really very worrying because cryptocurrencies are used as a tool for the parliamentary election campaign.
But everything can be legal because cryptocurrencies always provide something very valuable for all, including in gathering times such as during the legislative election and this evidence is enough for cryptocurrency to be accepted by the whole community.
Everything, absolutely everything is used to win the parliamentary elections of any political party in any country. The problem in this case is that the people who use cryptocurrencies are still few, so the argument that “if we win the elections we legalize cryptocurrencies” does not work very well for political parties. People ignore a lot of things about cryptocurrencies and that could have the opposite effect to the intended one. Everything takes time, and further adoption by citizens and governments is needed to speed things up.
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Increasing regulations in Cryptocurrency is of course a good thing, but I hope the regulations are not too strict for us business people. Our movement should not be restricted, income tax should not be too high and let us continue to be creative. The more countries that accept Crypto, the better. But the more rules it will only make people Jenu.
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Increasing regulations in Cryptocurrency is of course a good thing, but I hope the regulations are not too strict for us business people. Our movement should not be restricted, income tax should not be too high and let us continue to be creative. The more countries that accept Crypto, the better. But the more rules it will only make people Jenu.
Regulations are always 50% good and 50% bad. They are good because they can protect us from scams and other problems that can make us lose all our investment and they are bad because people with less funds and benefits will always pay the same as big investors, which is unfair, I think that each person must pay according to the benefits of each individual. Fortunately or unfortunately, the regulations are different in each country, which will make some investors consider changing countries.
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Cryptocurrency can develop only if it is legalized by states. Legalization means determining the legal status of a cryptocurrency, as well as establishing the rules and conditions for its circulation within the state. Therefore, the establishment of such rules is inevitable. After all, the cryptocurrency, existing in the virtual world, must go in our physical world and on the territory of states. Therefore, the regulation of the circulation of cryptocurrencies by the states is mandatory if we do not want it to be a shadow market. Here only we have to fight for such regulation to be reasonable.
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Regulations are always 50% good and 50% bad. They are good because they can protect us from scams and other problems that can make us lose all our investment and they are bad because people with less funds and benefits will always pay the same as big investors, which is unfair, I think that each person must pay according to the benefits of each individual. Fortunately or unfortunately, the regulations are different in each country, which will make some investors consider changing countries.
Even though there are downsides to this regulation, I personally agree and am happy to hear that.
Even though we have to pay taxes to the government, Crypto has been recognized and legal is better than all Crypto activities being banned.
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Even though there are downsides to this regulation, I personally agree and am happy to hear that.
Even though we have to pay taxes to the government, Crypto has been recognized and legal is better than all Crypto activities being banned.
I also think that it is better to pay taxes so that cryptocurrencies are not banned. But let the established tax rates be normal, otherwise many people will leave their coins/tokens in their wallets and not move them. As I said on another occasion, depending on the percentages of these taxes there will be people who will not sell their cryptocurrencies and people who have more funds could think about changing their country of residence, exactly the same as with FIAT.
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In many countries right now, it seems to me that governmental regulators are really closing closely with the cryptocurrency industry including exchanges that are not granted legal standing to operate. In my estimate, come 2022 we can see these regulators establishing the parameters where cryptocurrency and related businesses can operate legally under the command of the government's laws and policies. While this can mean that legit platforms and operators can now surface to the ground, it can also mean following stringent control from the regulators and of course it can mean that they have to pay the taxes and fees required. The good thing that can come out is that because the industry is now legit more and more people will be trusting it...especially those involving some sort of an "investment" in nature.
In my own opinion as of this time of writing, I think regulation is such a good thing because it signals us that the government is acknowledging Bitcoin and cryptocurrencies. After all, regulation and crypto taxes are way much better than outright banning it (even if it’s technically impossible). I should be more grateful for that.
There are some countries who are banning BTC and cryptocurrencies like China. India and Russia should have almost banned it, but they have a change of heart and instead pointing towards regulation as they don’t want to be left behind in this evolving world.