Quote from: error08 on November 12, 2016, 06:07:59 AM

Quote from: harizen on November 04, 2016, 03:42:34 AM

Quote from: Ziskinberg on November 04, 2016, 03:06:18 AM

There's a regulation that is already functioning for the exchange sites, like in my local exchange,we were required to comply with he KYC Policy and fill up all the information that is necessary. With that rules, we have no choice but to follow and i guess it's just fine because exchange sites are legitimate and they are operating with the license granted by the government.

What I am afraid of to happen, is the time will come that our transaction will be tax..

And that is already implementing here in my country as well.

It's not that they have no choice but it's really a must if a legit company will comply to the rules and regulations under the anti-money laundering act of a certain country since they are involved in money transfers. Just fine with me and I see no wrong if ever some of my information will be on hand.

About the tax, it's already there in a different form. You can obviously see that in their given exchange rates.

Regulations that could interfere our freedom of bitcoin transaction, well it's fair thing to avoid money laundering.
However, even the regulation in every country have any difference to support bitcoin used, unfortunately there is no such things in my country, so we don't have tax to pay on bitcoin transaction to exchanges.

Well, we have no choice but to adopt with the government otherwise we will be penalize.. They are just making the laws to ensure that everything was done legally online and you are right to prevent money laundering. But I guess they cannot control everything.