Hi all,
just want to throw out a question.
Whats your opinion on the regulation of cryptos to a securities status (global scenario) ?As an example, in Switzerland the financial regulatory agengy FINMA has set regulations that will limit the possibilities for new ICO's and provide more safety for investors.
(see:
https://www.finma.ch/en/news/2018/02/20180216-mm-ico-wegleitung/)
Resumed, I think it will be good for the market and future of ICO's but others think it will suffocate new startups. I would be very interested in some opinions on the subject.
Thanks
It will surely have an impact with the price. But if its purpose is to protect the investors, then its a good thing for the bitcoin community. Moreover regulating the Bitcoin would mean the government acknowledged its existence and has allowed more Bitcoin investors. On the other hand, regulating would benefit the government because of taxation. Government will get what they want and Bitcoin will be more secured which will draw more investments. Its a win-win situation.
Bitcoin will do nothing to help governments. Fiat stimulates the production. Cryptocurrencies stimulate speculation. Legalization and regulation of the ICO to raise money for lending and the development of production. But it will be difficult to control the technology. For example, a person who comes up with an economical engine for alternative fuel can easily find funding for their project and in a few years can turn the whole world order. Governments are very afraid of this.