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Offline BlackJack

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Cryptocurrency vs regulation
« about: October 20, 2018, 02:11:20 AM »
Have you ever thought crypto would die from regulation? I once thought about it because regulations can make people stop buying crypto. Like banning from using crypto and others. how do you think?

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Cryptocurrency vs regulation
« about: October 20, 2018, 02:11:20 AM »

Offline Kriptolab

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Re: Cryptocurrency vs regulation
« Reply #1 about: October 20, 2018, 05:21:10 PM »
The fact that cryptocurrency-specific regulations are still developing does little to add clarity, and makes the analysis even more challenging. Yet a few global trends are noticeable:

Suspending Cryptocurrencies
Some notable countries, like China, and South Korea, have suspended cryptocurrencies. These countries have cited the risk of fraud and the lack of adequate oversight in suspending cryptocurrencies and their exchanges, forcing cryptocurrency companies and exchanges to relocate.

Regulating Cryptocurrencies
Other countries, like Japan and Australia, have adopted disclosure and regulatory measures, or have companies register with the applicable government authority. Several countries have also tried to implement disclosure or registration regulatory regimes when it comes to cryptocurrencies, but such regimes are cumbersome and expensive to fledgling companies.

Cryptocurrencies as Commodities
On the other hand, Switzerland and Singapore, two of the countries at the forefront of the cryptocurrency market, have simply stated that cryptocurrencies are assets, not currency and that they will treat them as such under existing regulations.
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Offline brightology

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Re: Cryptocurrency vs regulation
« Reply #2 about: October 21, 2018, 09:42:33 PM »
 Cryptocurrency is a decentralized digital currency which is online peer to peer buying and selling products as a means of payment, in other words, many country  regulation cryptocurrency in the country, while some country restrict Cryptocurrency  transaction.

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