Quote from: Oasisman on April 09, 2019, 09:43:40 AM

Quote from: jakezyrus on April 08, 2019, 10:54:59 PM

Quote from: Oasisman on April 08, 2019, 10:48:08 PM

Quote from: coffeeastronaut on April 08, 2019, 09:12:12 PM

Quote from: Chikitita2004 on April 08, 2019, 06:26:28 PM

There will be advantages and disadvantages of course. First hand, with regulations, danger of using bitcoin in the black market will be mitigated, danger of money laundering through the use of bitcoin will also be avoided, trust of people to the matter will be increased as will as security but for others, too much of these and that are very unlikable. It will be a hassle for them to abide by those regulations so those who don't want it will not go into it.

I dont think regulations really is a AML issue, I think it is more to control a new monetary market from a government perspective, which is understandable of course, no matter ones opinion

I agree, though money laundering might be one of the many reasons, but It wasnt the primary one.
Cryptocurrency like Bitcoin is a threat to the current banking system, and It is ironic to think that the banks has more laundered money than the whole cryptocurrency market cap.

I dont believe that banks has laundered a money . how come they can laundered if they are already regulated ? Cryptos are the ones that are prone to money laundering , that is why kyc is invented to protect us . bitcoin regulation really is beneficial to the user and to the owner of the exchange/wallet . kyc or regulation also have other useful feature such as filtering the abusers .

Of course cryptocurrency is very prone to money laundering, I didnt mentioned it wasnt. Even the banks as you said were regulated, yet there are still undeclared transactions of large amount of money. You know why? Because criminals are making it look like its just a normal transactions without being detected.
I dont blame you if you dont believe in money laundering with the banks, because we all have our own opinion and views. And yes KYC verification is benificial to everyone in cryptospace, of course if you want to propose a regulation or law it would always be beneficial to everyone on the first look. What we want to point out here is the MAIN idea behind the purpose of regulating Bitcoin.

tbh, I think that guy just made this post to gain activity and points for his BTCT account Cheesy

You are right though, the MAIN idea behind the purpose of regulating Bitcoin is in my opinion; Only old system trying to control the market like they do with everything else. Ppl in crypto community who advocate regulations mostly wnats so because they think that this will increase price of Bitcoin, which is totally opposite of what Bitcoin was created for. Bitcoin was created as a P2P currency for the people and not for banks or authorities to regulate and control it