Welcome to BeerMoneyForum.com - BIGGEST MAKE MONEY FORUM ONLINE

Join us now to get access to all our features. Once registered and logged in, you will be able to create topics, post replies to existing threads, give reputation to your fellow members, get your own private messenger, and so, so much more. It's also quick and totally free, so what are you waiting for?
Blue
Red
Green
Orange
Voilet
Slate
Dark
  Guest viewing is limited

❕NEWS America may be trying to control Bitcoin and other cryptocurrencies

AudraMiller

Sapphire Member
LV
0
 
Joined
Sep 24, 2020
Messages
7,707
Reaction score
170
Points
150
Awards
1
BMF Points
$4,888
Rating - 100%
2   0   1
One of the main concerns that many countries tend to have when it comes to cryptocurrencies and its usage, is the fact that they are not regulated, and as such their use cannot be monitored or taxed accordingly. As a result, it seems that the Treasury Department is actually trying to regulate cryptocurrency by proposing a motion whereby cryptocurrency transaction are required to be reported to the Financial Crimes Enforcement Network, as being suspicious. This will occur if the transaction is over $3000. What are your thoughts on this? Do you think that such a motion will affect the usage and growth of cryptocurrency, and mainly Bitcoin?
 
From my point of view, this control would put more security on cryptocurrency transactions. We remember that for crypto, there is no real bank of theirs.
But in my opinion, we must also consider that if these are checked, I am sure they will have a significant increase in theirs transaction fees.
Are you agree about this last point?
 
The truth is that with the security issues we have been having lately with scams and money laundering, I think it is a a good development. There shouldn't be an issue if there is nothing to hide although it would be an extra headache to have to report transactions first.
 
From my point of view, this control would put more security on cryptocurrency transactions. We remember that for crypto, there is no real bank of theirs.
But in my opinion, we must also consider that if these are checked, I am sure they will have a significant increase in theirs transaction fees.
Are you agree about this last point?
I think that if it is controlled, an increase in the transaction fees will definitely be evident, because there will be taxes that are added to each of the transaction fees as well which will be a major set back for users in this field.
 
I think that if it is controlled, an increase in the transaction fees will definitely be evident, because there will be taxes that are added to each of the transaction fees as well which will be a major set back for users in this field.
Obviously, everything, including the control of every transaction, has an additional cost.
So the result will be: more security = more transaction taxes.
 
I don't think that will affect the use of cryptocurrency, it only a regulation and should be welcome and it will further give confidence to those doing with bitcoin.
 
I don't think that will affect the use of cryptocurrency, it only a regulation and should be welcome and it will further give confidence to those doing with bitcoin.
No. I'm sorry but maybe I explained myself badly.
I didn't say that this system will affect cryptocurrency. But only and simply that it could takes addition of further taxes on every transnations.
 
It
One of the main concerns that many countries tend to have when it comes to cryptocurrencies and its usage, is the fact that they are not regulated, and as such their use cannot be monitored or taxed accordingly. As a result, it seems that the Treasury Department is actually trying to regulate cryptocurrency by proposing a motion whereby cryptocurrency transaction are required to be reported to the Financial Crimes Enforcement Network, as being suspicious. This will occur if the transaction is over $3000. What are your thoughts on this? Do you think that such a motion will affect the usage and growth of cryptocurrency, and mainly Bitcoin?
It may be a good idea,so as to minimize money laundering.The great American dollar is the one number currency of choice in many nations and America controls the crpto,it will boost it values
 
Yeah its just a means to control and reduce fraud , because most people get scammed through crypto currency , so they are doing this to actually reduce the rate of fraud
 
I know people that might needs some regulation on btc , for me I don't think it's a bad idea but the issue is that would the control bring positive result, if it would be good then no issues at all.
 
I doubt that anyone could control a large crypto like bitcoin, it may be true though that one can control a small crypto like that entity would limit the circulating supply to an extent to control the price
 
Most of trading in crypto is online so it is not easy to control it. In India trading is banned but many peoples are doing trading of it. But if any one can control on it than it good for investors. India may be launch its own crypto.
 
I doubt that anyone could control a large crypto like bitcoin, it may be true though that one can control a small crypto like that entity would limit the circulating supply to an extent to control the price
Well, I would think the same too.
After all, cryptocurrencies don't have their own bank.
But tell me: what are the banks unable to do today?
 
One of the main concerns that many countries tend to have when it comes to cryptocurrencies and its usage, is the fact that they are not regulated, and as such their use cannot be monitored or taxed accordingly. As a result, it seems that the Treasury Department is actually trying to regulate cryptocurrency by proposing a motion whereby cryptocurrency transaction are required to be reported to the Financial Crimes Enforcement Network, as being suspicious. This will occur if the transaction is over $3000. What are your thoughts on this? Do you think that such a motion will affect the usage and growth of cryptocurrency, and mainly Bitcoin?
Depending on how they will be checking those that transact crypto currencies above the $3000 mark they will be implementing. If the process will be long for someone to transact above that mark, l think it will reduce the growth of crypto currencies.
 
One of the main concerns that many countries tend to have when it comes to cryptocurrencies and its usage, is the fact that they are not regulated, and as such their use cannot be monitored or taxed accordingly. As a result, it seems that the Treasury Department is actually trying to regulate cryptocurrency by proposing a motion whereby cryptocurrency transaction are required to be reported to the Financial Crimes Enforcement Network, as being suspicious. This will occur if the transaction is over $3000. What are your thoughts on this? Do you think that such a motion will affect the usage and growth of cryptocurrency, and mainly Bitcoin?
This will only be effective within the US soil . Other countries and cryptocurrency lovers outside US have nothing to be afraid of .
 
Im not from the US but i think it will also affect everyone if they do this. Because holders and investors on US will get held back since they use a lot of money in it
 

📢 Recommended Partners

MGID - Native Performance & Programmatic Advertising Platform MGID Team
0.00 star(s) 0 ratings
Updated
Roobet.com | Crypto’s Fastest Growing Casino 🦘 Roobet.com
0.00 star(s) 0 ratings
Updated
Duckdice.io - Top Crypto Gambling - Bitcoin Dice DuckDice.io
0.00 star(s) 0 ratings
Updated
BMFAds.com - Advertise and Monetize Your CPC, CPM, POP Traffic BMF Staff
4.00 star(s) 4 ratings
Updated

banner

REWARDS: Active Raffles


  • 🤑 Roll 3: Win 100,000 BMF Points!

    The entry period for this raffle ends in..
Back
Top Bottom

Earnings Disclaimer:  All the posts published herein are merely based on individual views, and they do not expressly or by implications represent those of BeerMoneyForum.com or its owner. It is hereby made clear that BeerMoneyForum.com does not endorse, support, adopt or vouch any views, programs and/or business opportunities posted herein. BeerMoneyForum.com also does not give and/or offer any investment advice to any members and/or it's readers. All members and readers are advised to independently consult their own consultants, lawyers and/or families before making any investment and/or business decisions. This forum is merely a place for general discussions. It is hereby agreed by all members and/or readers that BeerMoneyForum.com is in no way responsible and/or liable for any damages and/or losses suffered by anyone of you.