Altcoins Talks - Cryptocurrency Forum
Archive => Sorting Box => Topic started by: bagas79 on September 20, 2018, 02:58:05 AM
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Today I read the news at https://cryptoslate.com/binance-kraken-gate-io-referred-to-dfs-by-ny-attorney-general-for-potential-regulation-violation/. That the office of the New York State Attorney General (NY AG) has published a report announcing referrals of three major crypto currency exchanges to the US Department of Financial Services (DFS) for potential violations of state cryptocurrency regulations.
Is this news an issue, FUD, or is it a fact, and does this also affect the current market situation?
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It doesn't really matter honestly.. like New York as a state entity has no control other than in the state of New York. Another issue is they talk about algo bots being allowed to trade on exchanges.. guess what.. these absolutely exist if not more so in Forex and Nasdaq markets.. the whole article is just stupid in general... its a well-known thing that exchanges allow their employees to trade (look at the bitcoin cash accusation with coinbase... or the bitfinex tether printing.. or the bitmex accusations that they trade against peoples stop loss information)... people need to grow a pair if they're gonna get into crypto... its function for a long time without any regulation at all... and the idea that one state in one country is going to change all of that is just a ridiculous notion.
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This greatly affects the market situation and this is indeed bad news. If indeed the court there prohibits Cryptocurrency from being used as the currency of its citizens. That means we will lose some of our friends there who do business in the Crypto World. Automatic purchases are reduced and has the potential to reduce and reduce the crypto market price, bro.
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Today I read the news at https://cryptoslate.com/binance-kraken-gate-io-referred-to-dfs-by-ny-attorney-general-for-potential-regulation-violation/. That the office of the New York State Attorney General (NY AG) has published a report announcing referrals of three major crypto currency exchanges to the US Department of Financial Services (DFS) for potential violations of state cryptocurrency regulations.
Is this news an issue, FUD, or is it a fact, and does this also affect the current market situation?
I think it's just a speculation that are trying to destruct the image of crypto currency so people may panic and continue to sell their crypto investment at a very low price.
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it's fake news to create distraction in crypto world if we listen this it effect us cause panicking afraid of losing so they will sell their coin in very low price indeed it's bad news
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If indeed the court there prohibits Cryptocurrency from being used as the currency of its citizens. That means we will lose some of our friends there doing business at Crypto World. Automatic purchases are reduced and have the potential to reduce crypto market prices, this greatly affects the market situation and this is indeed bad news.
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Fake news to create a disturbance in the crypto world if we listen to this the effect we cause panic fear of losing so that they will sell their coins at very low prices is indeed bad news.
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I think that this news is not a problem for cryptocurrencies and will not cause much damage to crypto