New cryptocurrency regulations in 2018
The cryptocurrency market is constantly changing, regulators around the globe are looking for ways to control the trading, while traditional banking systems are far from being touched by the global phenomenon. The cryptocurrencies that were developed on the basis of blockchain technology were once connected and limited to online sales, but today they are also included in the real world. It is very difficult, though not impossible, to follow the concepts of bitcoin (BTC), ethereum (ETH), and other popular virtual currencies. This is completely contrary to the traditional financial system.
source: rcrwireless.com
Cryptocurrencies operate independently from regulatory financial institutions that handle transactions and exchanges. Although this implies a certain measure of the transaction and investment anonymity, depositors in cryptos and those involved in initial coin offering (ICO) are poorly protected if their digital wallets are threatened.
Here I will recommend special browser for anyone, feeling watched, or just anyone who would like to be more secure with online trading and banking.
"Tor is free software for enabling anonymous communication. The name is derived from an acronym for the original software project name "The Onion Router".Tor directs Internet traffic through a free, worldwide, volunteer overlay network consisting of more than seven thousand relays to conceal a user's location and usage from anyone conducting network surveillance or traffic analysis. Using Tor makes it more difficult to trace Internet activity to the user: this includes "visits to Web sites, online posts, instant messages, and other communication forms".The intent for Tor's use is to protect the personal privacy of its users, as well as their freedom and ability to conduct confidential communication by keeping their Internet activities from being monitored."
source: Wikipedia
I was just reading few articles about this. One of them was Charlie Osborne-Cryptocurrency ICOs: It's impossible to police what you can't see And I had to smile while reading. Because again...what commercial media wants to do, is to help big bankers, to centralise all the cryptocurrencies. It was specially laughable when I've read about missing $400 million from ICOs since 2015. Ok. What about new 3 trillion of debt in US from 2015-2018? What about big bankers, making wars around the world. What about banks and politicians, making lot of money with drugs? What about the money, that should be owned by 99%, but is owned by upper 1% because of the system. What about the corporations who don't pay taxes? I could go on and on...Where's that missing currency? I say that anyone using cryptocurrencies should secure their accounts properly, and make several offline copies of the account numbers, passwords, IDs, PINs, mnemonics, ....or even save it on several usb wallets.
New security options for cryptocurrencies are coming. More about that in second part of the Keiser report, with Jameson Loop :
source: Keiser Report
- The government of India has ruled out the cryptocurrency as a legal tender
- Vietnam has banned payments in bitcoin and other cryptocurrencies (the perpetrators are threatened with high penalties)
- China has completely rejected the ICOs
The Chinese believe that cryptocurrencies interfere with traditional financial flows, and they seem to have such an opinion in South Korea, where they intend to ban virtual currency accounts - currently used to trade cryptocurrencies. You are, however, allowed to open new, authenticated (verified) bank accounts for trading. In doing so, they want to ensure that cryptocurrency trading is under the wing of traditional financial structures and will no longer be linked to the decentralized and anonymous platform - on which bitcoin has grown.
So what will be the future of steem?
Fear, greed or contribution&development?
There was a lot of money lost on cryptocurrency but what you say makes a lot of sense, all the money that has been stolen by banks through the years is so much more and we take it so lightly because that's the establishment's option.
Sure it is. Banks even funded (and they still are) both sides of war, wherever it is happening. You have to watch though. Not every cryptocurrency is good. Some tokens are made specially for stealing buyer's "investments". But that's why every one has to be fully informed about the currency he is willing to invest in.
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by WorldFinances from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.
Good overview. From various sources seems that some steps of regulation go forward. But, regulation always means that these institutions want the part of the cake :)
These institutions wanted to put blockchain system down several times. As they saw that the main source is as it is and can not be blocked, but they can block some cooperatives which are mostly used (virtual and debit cards, trading platforms....). But decentralised system is always way faster and more advanced, progressive, ahead of time. So this is a kind of silent war going on.
Your Post Has Been Featured on @Resteemable!
Feature any Steemit post using resteemit.com!
How It Works:
1. Take Any Steemit URL
2. Erase
https://3. Type
reGet Featured Instantly & Featured Posts are voted every 2.4hrs
Join the Curation Team Here | Vote Resteemable for Witness
You got a 7.82% upvote from @thebot courtesy of @worldfinances!
This post has received a 0.34% upvote from
thanks to: @worldfinances.
For more information, click here!!!!
Try the new Minnowhelper Bots for more information here
Help support @minnowhelper and the bot tracker by voting for @yabapmatt for Steem witness! To vote, click the button below or go to https://steemit.com/~witnesses and find @yabapmatt in the list and click the upvote icon. Thank you.
Voting for @yabapmatt
You got a 11.07% upvote from @flymehigh courtesy of @worldfinances!