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[AudraMiller]

There are many countries that are looking to regulate cryptocurrency, and many believe that this was sparked by the legalization of these currencies in the country of El Salvador. According to a recent news article, it seems that Turkey is very close to doing this just this as the deputy minister of finance within this country says that their bill is ready for parliament to be reviewed and this will be the turning point for cryptocurrency within the country. Do you think that this is likely to have a favourable outcome and what sort for regulations are you expecting to happen in Turkey in regard to cryptocurrency?

 

[Wisdom01]

it's not bad if they want to regulate cryptocurrency , but the most important thing is that they shouldn't tax cryptocurrency more ,like they should start packing high taxes for cryptocurrency users to pay ,it could actually discourage the cryptocurrency currency investor's from investing , good to see cryptocurrency development happening in the country

 

[BullyMaguire]

Regulation is the only way countries will be legalizing crypto currency.. i just hope that they wouldn't do it in a way that will take advantage of the traders since were not always winning here. They should fully understand how this works before making decisions like taxes and laws regarding this

 

[Horia_10]

The Country is in a dwindling situation and their currency has inflated more than 72% in the last five years ; they just want to collect taxes further ; but their poor policies will make them in the mid of ocean soon ; where there economy will be very soon collapsed according to the world bank reports and that's coming soon not far indeed actually .

 

[Wisdom01]

Regulation is the only way countries will be legalizing crypto currency.. i just hope that they wouldn't do it in a way that will take advantage of the traders since were not always winning here. They should fully understand how this works before making decisions like taxes and laws regarding this

that's exactly the problem , because most of the regulation introduced actually favour the government more and it seems as tho the government doesn't stand with cryptocurrency or welcome the use of it so well, with the kind of laws that is actually been made ,I hope for the better

 

[Ben Kempton]

it's not bad if they want to regulate cryptocurrency , but the most important thing is that they shouldn't tax cryptocurrency more ,like they should start packing high taxes for cryptocurrency users to pay ,it could actually discourage the cryptocurrency currency investor's from investing , good to see cryptocurrency development happening in the country

Well, there are many question her! How will they basically tax cryptocurrency investors? How ill they implement the tax? How will they create the system of regulating cryptocurrencies? What will be the procedure? These are very important questions. I also believe that people will be having a harder time declaring cryptocurrencies to the governments.

 

[Wisdom01]

Well, there are many question her! How will they basically tax cryptocurrency investors? How ill they implement the tax? How will they create the system of regulating cryptocurrencies? What will be the procedure? These are very important questions. I also believe that people will be having a harder time declaring cryptocurrencies to the governments.

now there are some exchange platform that can't operate within the country without license , so that's the system they actually make use of the taxing is actually done through the crypto currency platform ,that's how it was actually made and I think cryptocurrency gaining more regulation have its positive and negative impact

 

[shrey1408]

that's exactly the problem , because most of the regulation introduced actually favour the government more and it seems as tho the government doesn't stand with cryptocurrency or welcome the use of it so well, with the kind of laws that is actually been made ,I hope for the better

It's fine if they want to regulate cryptocurrency, but the most important thing is that they shouldn't tax cryptocurrency even more, such as by imposing high taxes on cryptocurrency users, as this could discourage cryptocurrency currency investors from investing. It's encouraging to see cryptocurrency development in the country.

 

[shrey1408]

now there are some exchange platform that can't operate within the country without license , so that's the system they actually make use of the taxing is actually done through the crypto currency platform ,that's how it was actually made and I think cryptocurrency gaining more regulation have its positive and negative impact

Countries will only be able to legalize crypto currency through regulation. I just hope they don't do it in a way that takes advantage of traders, because we don't always win. They should have a thorough understanding of how this works before making decisions about taxes and laws.

 

[Ben Kempton]

now there are some exchange platform that can't operate within the country without license , so that's the system they actually make use of the taxing is actually done through the crypto currency platform ,that's how it was actually made and I think cryptocurrency gaining more regulation have its positive and negative impact

Yes, I think that this is why there are probably so many exchanges out there that are conducting business operations illegally in many countries. However, when they get caught, they are sealed by the authorities. These strict rules are implemented in many countries, but there are a few countries where illegal exchanges operate openly.

 

[Wisdom01]

Yes, I think that this is why there are probably so many exchanges out there that are conducting business operations illegally in many countries. However, when they get caught, they are sealed by the authorities. These strict rules are implemented in many countries, but there are a few countries where illegal exchanges operate openly.

like for example there is actually less tight regulation of cryptocurrency ,so Cryptocurrency business can operate as they like ,but in some countries it's actually not possible , because even the coin to trade is actually been selected to trade in some countries , that's it in some country

 

[Ben Kempton]

like for example there is actually less tight regulation of cryptocurrency ,so Cryptocurrency business can operate as they like ,but in some countries it's actually not possible , because even the coin to trade is actually been selected to trade in some countries , that's it in some country

I think that since cryptocurrencies are decentralised assets and there are so many private coins in circulation, there is no way the governments could actually regulate cryptocurrencies in a really tight manner. This is why cryptocurrencies are being traded even in those countries where cryptocurrencies are prohibited to use or even hold.

 

[Wisdom01]

I think that since cryptocurrencies are decentralised assets and there are so many private coins in circulation, there is no way the governments could actually regulate cryptocurrencies in a really tight manner. This is why cryptocurrencies are being traded even in those countries where cryptocurrencies are prohibited to use or even hold.

I think south Korea or Japan ,the government actually reject trading privacy coin ,they see it as been untraceable and not worthy to be traded ,that's why they reject coin to trade , although cryptocurrency is actually decentralized that's why you see so many people placing interest and concern in it

 

[Ben Kempton]

I think south Korea or Japan ,the government actually reject trading privacy coin ,they see it as been untraceable and not worthy to be traded ,that's why they reject coin to trade , although cryptocurrency is actually decentralized that's why you see so many people placing interest and concern in it

Well, if they actually forbid and ban people from trading in such kind of private coins, then how are they able to stop people from trading in such kind of coins? This is because since private coins cannot be traced at all, then how come the government knows that a few people are actually using it? I think that they have officially banned cryptocurrencies, but people might still be trading in these coins in an unofficial manner.