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[SCAMEXPOSER]

Francis Suarez, the mayor of Miami in his recent interview said it is too late for US especially to place restrictions on Bitcoin because bitcoin and Crypto currency has grown so wild, he compared the scenario to 2014 when Uber came to Miami and the government couldn't control it because the citizens quickly adopted.

Let hope Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), and the Financial Crimes Enforcement Network are able to come with means of regulations

 

[Wisdom01]

This is true many people have gone far in crypto currency and their regulation might not really affect them and i think it could only
affect mostly those new investors

 

[SCAMEXPOSER]

This is true many people have gone far in crypto currency and their regulation might not really affect them and i think it could only
affect mostly those new investors

The adoption rate is too high that most Government of the world never anticipated it especially with the major crash in bitcoin in the year 2017.

 

[Wisdom01]

The adoption rate is too high that most Government of the world never anticipated it especially with the major crash in bitcoin in the year 2017.

This is true that was the weakness they would have used against bitcoin , but it seems then they were less concerned about bitcoin I think

 

[SCAMEXPOSER]

This is true that was the weakness they would have used against bitcoin , but it seems then they were less concerned about bitcoin I think

Most people didn't know bitcoin could regain quickly and resonate other coins to push the coinmarketcap to above $1 trillion in a short time.

 

[Dora_WalletInvestor]

Interesting! It would definitely be hard to place restrictions on something that the people have embraced so much already. At the same time some amount of regulation is needed to make the legal implications clearer. I hope that once regulations are placed they will be reasonable.

 

[Wisdom01]

Most people didn't know bitcoin could regain quickly and resonate other coins to push the coinmarketcap to above $1 trillion in a short time.

This is true not everyone knew , many taught it was going to be having slow progress before it that range but they were surprise to see it move there

 

[ELSA-ELI]

But security in what context really as everything is laid down and what one ought to know is that its a form of payment which cab be recognized for the exchange of goods and services and that it is a digital asset. Hence every single address or key has to be stored or kept private.

 

[LutherKing]

I think he as per his saying is right but you know the governments always try to take advantage where they can so that is reason why they are having eyes on bitcoin , and one reason is yes they want to protect their assets so in that sense its OK

 

[Ononivami1]

The regulatory move by the apex financial body would not work around bitcoin. The technology behind the design of bitcoin would make it a but hard for them to be able to regulate it. Ofcourse, the government monetary policies could make the government influence the crypto market. Moreso, the blockchain technology do not allow for third party involvement. It allows for self executed transaction.

 

[SCAMEXPOSER]

The regulatory move by the apex financial body would not work around bitcoin. The technology behind the design of bitcoin would make it a but hard for them to be able to regulate it. Ofcourse, the government monetary policies could make the government influence the crypto market. Moreso, the blockchain technology do not allow for third party involvement. It allows for self executed transaction.

Obviously it is not possible to regulate the prices but agencies or government can regulate activities around cryptocurrencies in the sense that the inflow and outflow of cash specifically to trash out money laundering activities. Compulsory KYC will definitely help in the move for cryptocurrency regulations.