[cryptomonitor NEWS] EU regulation of Bitcoin and other cryptocurrencies ?
How are you doing my dear STEEMIANS ?
This is my new post about actual news in Cryptosphere.
In this post, i will wrote some words about one of HOTTEST
topics in cryptoworld; EU crypto regulation.
So, as you may already know, next year the EU plans
to introduce measures to regulate the cryptomarkets.
In short, what they are trying to do is to END the ANONYMITY of
wallet addresses and make exchanges, and their users,
more transparent to the world.
Also, the EU plans to change the way virtual currencies are traded by
adding them to The 4AMLD (4th Anti-Money Laundering Directive).
This will give authorities the jurisdiction they need to investigate
individuals, exchanges and wallets as they see fit.
The exact wording is as follows.
“In respect of designing providers of exchange services between virtual currencies and fiat currencies as obliged entities, the proposed amendments respect the proportionality principle. In order to allow competent authorities to monitor suspicious transactions with virtual currencies, while preserving the innovative advances offered by such currencies, it is appropriate to define as obliged entities under the 4AMLD all gatekeepers that control access to virtual currencies, in particular exchange platforms and wallet providers.”
So what do you think?
Can EU regulation affect the cryptomarkets?
I have some questions to you my dear Steemians;
Can regulations change the way cryptocurrency's we know?
Can this affect the cryptomarkets greatly?
My toughs are, from this regulation, consumer can of course benefit;
there will be increased security, trust and transparency, but, then,
i don't see then purpose of cryptocurrencies anymore, do you?
Also, as there's no fixed date yet for this, it's most likely to happen
later in 2019 or even 2020, once new directives have been
transposed into national law.
Until then, we can only wait and see what will happen.
Let me know what are your toughs.
If you have any crypto related questions, feel free to contact me
on Discord 24/7, user cryptomonitor#0447
Support STEEMER.NET Project for STEEM
https://steemit.com/adsactly/@cryptomonitor/steemer-net-project-news-updates-transfer-steem-sbd-operations-windows-bidding-bot-part-6-28-01-2018
Please, vote @adsactly-witness for your Steemit witness. We will represent you well. If you are unsure as to how, please ask in our Discord channel (click on the big coin)
I am so glad that I am not living there :D
Man You may be right. But technically we were expecting week bitcoin since from mid of december. The lower prices of 10000$ were already expected technically. Big whales and market makers are creating sort of Panic in many new investors These are sort of tactics to sell high and buy low from big whales. I and dedicated professional team of cryptos are expecting minimum 25K$ price hit of btc this year. The market cap of cryptos is expected to increase from 0.5 trillion to 1.5-2 trillion. Can you imagine the potential how muhh one can earn in 2018 from cryptos? This is the best time to invest. Incase you have already invested and in loss. Don't worry a time will come when you will not regret. Just give some time minimum a month and green bath is coming.
that is awesome news i how, they create the environment everyone is hoping for , i know in the end the people's will always win so am very hopeful.
it looks like good news. we will see together what will happen
You always give up-to date news and that is quite commendable. Thanks for sharing
I have just posted this: https://steemit.com/news/@diogosantos/ecb-chief-economist-bitcoin-can-help-us-if-it-is-regulated
They want to start discussing about regulation at least in March, so I think we won´t need to wait until 2019/20 to see the effect of regulation on the crypto markets.
Do you think they will get an agreement?
It will have to be regulated someday I just hope that when they do do it they do it right.
Short term regulation can seriously impact the progression and growth of cryptocurrencies and blockchain projects. But long-term most people will come to term with the possibilities of the new technology and how certain parts of the economy can profit from it.
regulate me?! trick please.... lol #humor