Post
Topic
Board Bitcoin Discussion
Re: Where is the Balance?
by
mobnepal
on 10/02/2017, 14:01:13 UTC
With bitcoin enterprises and activities coming under the focus of regulators, where does the balance for bitcoin enterprises between protecting customers and trying to impress regulators?
Regulators want to take tax out of profit bitcoin traders are making with trading and also they want to stop people from sending their yuan out of country which is one of the cause for devaluation of their currency. Also they want to limit money laundering, any legally operating exchangers have to comply with this so they have to present all their record book to government.

So this types of regulated/registered trading platform can't protect customers information and they have to do this to keep running. But governments can't stop bitcoin transaction, face to face deal and deal over localbitcoins is best way to get way without noticed/investigated by authority.