Hi!
I'm a cryptocurrency newbie and have very basic/dumb questions about regulation. Here goes..
1) What does regulation mean in practice? Is it like they want to register people who invest or something? Is it all about taxes?
2) Why does governments want to regulate crypto?
No government can regulate the cryptocurrency at this moment. Because the very nature of decentralized crypto market it is not possible for a country to regulate the prices of crypto. They could curb on ICO.I'm a cryptocurrency newbie and have very basic/dumb questions about regulation. Here goes..
1) What does regulation mean in practice? Is it like they want to register people who invest or something? Is it all about taxes?
2) Why does governments want to regulate crypto?
3) I see "securities" a lot when googling regulation. Are only coins/tokens that governments deem to be securities in danger of regulation?
4) What are the drawbacks (& advantages?) for an investor who discovers his/her crypto investment is to be regulated?
Thank you for your time & patience
Looks like you are googling with less correct phrases. If you are interested in the crypto then decide which crypto you find promising. Almost all investor find bitcoin as ideal investment. Most of countries in this world allow purchase of bitcoin. You pay taxes depending on your country.4) What are the drawbacks (& advantages?) for an investor who discovers his/her crypto investment is to be regulated?
Thank you for your time & patience
One thing is sure, each country is treating bitcoin and crypto differently. Thus you need to find the laws in your country. Check which local (countrywise) exchanges allow purchase and sell of crypto.
Depending what kind of regulation being proposed by government decides advantages or disadvantages.