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Bitcoin and cryptocurrencies are an active issue for regulators right now. Statements have come out from several parties that confirm networks like Bitcoin and
by Ruphin 8y ago
Bitcoin and cryptocurrencies are an active issue for regulators right now. Statements have come out from several parties that confirm networks like Bitcoin and Ethereum are not securities. The SEC is actively shutting down ICO schemes that are deemed securities. Things are moving slowly because it's a complicated topic, but we are seeing more and more guidance from regulators like the SEC and others.
AirBnB and Uber are doing pretty fine for companies that got killed by regulators.
- tim333 8y agoIt's fairly hard to buy Bitcoin or ETH for fiat without uploading your passport and then subsequent transactions are logged on the public blockchain so it's not that bad for the regulators.
- stakhanov 8y agoI did not say AirBnB and Uber "got killed" by regulators. I said that it had, at one point, reached a level that was clearly beyond what was within legal limits, and that afterwards "large parts" of that got shut down. BTW: This is a trend that is still ongoing and we have by no means reached the end of it, especially in Europe where there is a lot more regulation around who gets to be a taxi or a hotel (see Madrid taxi strike raising awareness about Uber's illegal role in the market there) The SEC ruling that bitcoin is not a security is not really saying anything much as there are many facets to it (should the law treat it as being somehow equivalent to cash? equivalent to transactions carried out by banks?). It's also not saying anything about this pesky little thing that Americans keep forgetting about called "the rest of the world" and even if bitcoin is not in voilation of any laws that exist now, that doesn't mean that new laws won't be brought in to outlaw bitcoin etc. etc.