Looming Regulations: Good or Bad?

[Freemind]

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.

[DAMKAR]

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.

[Alcor]

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.

[mahadev]

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.

[legend45]

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.

[pacar_tiri]

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.

[densus88]

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.

[Hisbullah]

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.

[Freemind]

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.

[gurunanakji777]

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.

[Jaephoenix]

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

[rizqillah]

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.

[Doctor]

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.

[de_prof]

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.

[Fenix]

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.