Looming Regulations: Good or Bad?

[gurunanakji777]

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.

[masterrex]

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.

[Cleanerbd]

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.

[Freemind]

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.

[Fenix]

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.

[Bliznec]

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. 

[Fivestar4everMVP]

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.

[Gravatai]

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.

[Freemind]

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.

[masterrex]

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.

[Noverteno]

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.

[Gravatai]

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 

[Freemind]

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 

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.

[gurunanakji777]

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.

[Dora Walletinvestor]

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.