Regulation of Cryptocurrency

stoch

Active Member
#11
I don't care about regulations because I trade CFD on BTC at Hotforex, they take all counterparty and bankruptcy risks, also there is no hassle when withdrawing profits because money come from regulated entity.
 
#12
Cryptocurrencies should be regulated but they will never be. The governments cannot afford having the currency the transactions of which are impossible to track down.
 
#13
Currently, there is no regulation or any ban on the use of cryptocurrencies in the country. The Reserve Bank of India's (RBI) order banning banks from supporting crypto transactions, was reversed by the Supreme Court order of March 2020.
 
#14
I quite agree with your words. I would also note some of the reasons basically. It prevents market manipulation and protect investors, Market manipulation and price volatility are common in cryptocurrencies. Moreover, a regulatory authority clearing cryptocurrency is required, which can disclose all information about the performance of the digital assets, their risks, and potential. Through regulations, the authorities can implement measures to help cryptocurrency investors protect their assets from crypto hackers. So, these are my reasons why crypto have to be regulated. It's just the same currency as physical ones, but it's a digital one.
 
#15
Currently, there are no regulations or any bans on the use of cryptocurrencies in the country. The Reserve Bank of India’s (RBI) order banning banks from supporting crypto transactions was overturned by the Supreme Court’s March 2020 order.
 
#16
Indeed, trading cryptocurrencies in the financial markets offers unlimited opportunities for earning: profits can be made on both the rise and fall of quotes.
 
#17
Indeed, trading cryptocurrencies in the financial markets offers unlimited opportunities for earning: profits can be made on both the rise and fall of quotes. Usually, bitcoin prices fluctuate between $5 and 35 per coin during a day, but there have been changes of more than 2,000 points in one day. But that doesn't stop me from making deals on online forex trading in India. Yesterday, I earned insane money; I have never made so much. Maybe the time has come for me to make trades for large sums.
Cryptocurrency exchange is certainly a profitable job, but the risk of losing everything is always present.
 

stoch

Active Member
#18
Cryptocurrency exchange is certainly a profitable job, but the risk of losing everything is always present.

Yeah there is big systemic risk - regulatory tightening or hacking. It's quite unobvious at first sight that's why traders tend to underestimate adverse outcomes in this business.
 

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