Altcoins Talks - Cryptocurrency Forum
Further Discussions => Legality & Taxation of Cryptos => Topic started by: RapidRabbit on February 28, 2019, 12:58:30 PM
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The regulations of cryptocurrencies, despite possible abuses which may cause, are mostly considered as necessary thing needed for further development of this technology. More and more countries are seeing this. Since 25th February one of them is also Bahrain. That is the second country in the Middle East which decided to make crypto entirely legal.
Source: spam blocked b (https://www.spam blocked b/bahrain-the-first-arabic-country-to-fully-regulate-crypto/)
I know it is the small part of what crypto world need, but I'm happy with every good news about it.
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Lucky Bahrain. There is now a great future to the people of Bahrain. I wonder when will cryptocurrencies get regulated here in the Philippines. Now that it's regulated in Bahrain, there will be more people who will be using cryptocurrency and that they are on the right track because people needs to embrace technology or else they will be left behind.
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wow that's a good news for crypto users from Bahrain, I hope more countries will regulate the cryptocurrency so that the price of cryptos will increase.
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Such cool news! But i wonder how those regulations are going to look like? According to the article "The reasoning for this decision lies in the need to ensure that crypto activities are comprehensively supervised and safe" - i hope so. I am really afraid that some of those regulations can be executed against crypto world of Bahrain. It's on slippery imho.
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I thought Bahrain was the first one to do so. Which country is the first?
It's surprising that other countries which have more users are lagging behind.
Hopefully, India will follow.
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This is good news, even though at this time the condition of other Bitcoin and Cryptocurrency prices has not been stable but Cryptocurrency is still showing its development. I hope this will be good news, and will make people around the country increasingly able to accept Cryptocurrency in everyday life.
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At least there are more countries that allow crypto legally. Hopefully it can pave the way for other countries to become legal. And making crypto prestige can continue to increase and make a high value on the market.
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Great news, more and more countries are beginning to recognize cryptocurrency, because they understand that the possibilities of cryptocurrency and their technology will lead humanity to prosperity, Russia will soon legalize cryptocurrency too.
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I was not expecting the middle east to be more open compared to some Western countries. I am not sure if this is somehow related to politics. Bahrain is probably taking the necessary steps in case there will future sanctions imposed by more powerful countries. Just my guess ;D
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It is the first time for me reading about the news of a country that fully regulates the crypto. I don't know whether the anonymity for the crypto users is still kept there. I think it also needs to think, and whether it is still decentralized or centralized.
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The whole question is, how do they want to do this? Will adopt laws that will not work. This is what is likely to happen. How do you will regulate the DASH cryptocurrency with 11 levels of mixing? So all this is another horror story, in my opinion
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Oh great happy news because bitcoin now passing through a dull bloody street, Bahrain a developed country accept bitcoin just a golden era of bitcoin spreading. I like and support it.
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The regulations of cryptocurrencies, despite possible abuses which may cause, are mostly considered as necessary thing needed for further development of this technology. More and more countries are seeing this. Since 25th February one of them is also Bahrain. That is the second country in the Middle East which decided to make crypto entirely legal.
Source: spam blocked b (https://www.spam blocked b/bahrain-the-first-arabic-country-to-fully-regulate-crypto/)
I know it is the small part of what crypto world need, but I'm happy with every good news about it.
I personally didn't agree with crypto regulations. Because cryptocurrencies is anonymous and block chain technology. No one can control crypto over.
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That's really good! Even they are just an small part of the world atleast there's some country that are ready to accept the crypto and I know it will going to lead their neighbor country to follow their steps once they see the good thing from it.
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This is such a great news to be candid, I know we will be seeing more of. This regulation in more countries to be honest. Blockchain and cryptocurrency is spreading widely now which is a very good one
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Yes its great its a good news for crypto space that one more country legalize cryptocurrencies in their country and I am expecting more countries will do the same in future. I know this process will work like an old proverb 'Many a little makes a mickle' but appreciable If things will keep changing like this we will see a new wave in the crypto market for sure in future.
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This is good news for the crypto. Cryptocurrency has spread to various countries. This can be an encouragement for crypto to start raising prices.
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And what is the first country in the Middle East which decided to make crypto entirely legal? Can you tell me please, I really don't know
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We will see strange things happening. Giant countries, will be left behind, and small countries, will thrive, because, it is easy for them to adapt to fast changing reality. If we think about decentralization, you can see this, happening with the small countries, that adapt regulation to cryptocurrencies. Think of them as nodes, that get into consensus, for cryptocurrency regulation. Big, countries? I'm sorry, you are too slow to adapt, accept the consequences.
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The regulations of cryptocurrencies, despite possible abuses which may cause, are mostly considered as necessary thing needed for further development of this technology. More and more countries are seeing this. Since 25th February one of them is also Bahrain. That is the second country in the Middle East which decided to make crypto entirely legal.
Source: spam blocked b (https://www.spam blocked b/bahrain-the-first-arabic-country-to-fully-regulate-crypto/)
I know it is the small part of what crypto world need, but I'm happy with every good news about it.
Will if thats true its a big news and very positive development crypto-space and i hope more country will follow in order to attract more users and drive cryptocurrency adoptation worldwide if possible.
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I think, this is a progress in the adoption process globally. And I believe, that could trigger other countries, especially the Middle East and Asia, to make the same decision. On the other hand, it shows that more and more people are aware that cryptocurrency is part of the future
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This is among what cryptocurrency needs at the moment which is more legal acceptance and regulation also we need to stop seeing cryptocurrency as a get rich scheme but a significant instrument aimed at making daily life activities easier and convenient with the help of several blockchain networks.
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Bahrain may become the pioneer of massive adoption of cryptocurrency. I assume there are many countries will follow what Bahrain does with crypto. This is a good step to becoming closer to the bull time. Good news that gives a new spirit to people.
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Very nice to know this news, I am confident we maybe not so far away with bullrun. This can give positive impacts on the market, and people have a good spirit to buy-sell coins. I think it is a sign of massive adoptions.
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That's good news bro, this indicates the development and awareness of the world community about cryptocurrency is increasing. It is hoped that the legal status of cryptocurrency in Bahrain will have a positive effect on other countries' governments to legalize cryptocurrency in their countries.
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More and more countries are.now accepting blockchain as part of financial institution of many countries. I just hope it will continue to be adopted across the globe. It is much better for crypto to be regulated to avoid the scam project. It would also influence the price in the market if countries will recognize blockchain in monetary circulation.
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regulation over the obscurity as a result of once regulation is involve the speed at which individuals are being scammed can scale back drastically. you're right, not several folks care concerning obscurity. perhaps if there's regulation it will create crypto enthusiasts additional, however there also are potentialities, there'll be many that are petrified of this regulation.
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More and more countries are.now accepting blockchain as part of financial institution of many countries. I just hope it will continue to be adopted across the globe. It is much better for crypto to be regulated to avoid the scam project. It would also influence the price in the market if countries will recognize blockchain in monetary circulation.
I think, that, by the end of this year, cryptocurrency space will be very different, compared to the early 2019. This will make a huge impact in price, get ready, to enjoy the profits!