Someone redpill me on what "regulating" a cryptography means

someone redpill me on what "regulating" a cryptography means

stuff like pic related cant happen anymore
other than that nothing will change probably
you probably need to do KYC for ICO's which is not a big deal desu
everything else will stay unchanged
what they gonna do? regulate binance
HAHAHHAHAHAHAHAAH

Maybe some kind of soft fork.

they'll probably push a lot of regulation on exchanges but i'm not sure how they intend to do shit about the funds you send out to personal wallets

>they'll probably push a lot of regulation on exchanges
explains nothing

They will force ICOs to register. Unless the ICOs don't operate in US, which most of ICO already avoid.
Also they will fuck the shit out of whales manipulating prices.
>that sell wall looks like a price suppression, mr. whale, you are under arrest

shaking out normies and weak hands

how do tell whales what to do on a currency you don't own?

taxes, reports, registration with government, licenses, fees,
circuit breakers when the price moves too much,
more information required when registering. age limits. laws. anti-money laundering, etc.

...

>no chainlink
nice

they already said they cant regulate exchanges, especially international exchanges

If you can arrest people who own it, you own it.
That's the whole point, they will own crypto now.

KYC everywhere
If you try to do shit like Bazinga coin or the pyramid contract you're going straight to jail for fraud
And of course, taxes since it's easy to regulate exchanges, oh you're only going to use privacy coins? And how are you going to sell them?

well that's the thing, they can't. it's impossible to blanketban a cryptography because the laws would be too vague.

They won't ban anything, they said they will be watching the markets and the futures and look for manipulations, exactly like they do with stocks.
Pnd and price suppression is a felony.

how will they do that when it can all be done anonymously/bodies outside the US?

>anonymously
>all the major exchanges require an ID
>every exchange logs you IP
You what? They know exactly who you are.

lmfao that's fucking bullshit though it's so arbitrary "pnd/price suppression" is just trading. trading is a zero sum game where you try to make money.

>all the major exchanges require an ID
false
>every exchange logs you IP
VPN

> is just trading.
The government sees otherwise. Try doing that shit in the stock market and see how fast the FBI knocks on your door.
This is exactly what will happen with crypto this year. This is good, all the autistic whale accumulators are fucked.

>false
They do under US law. And if they won't implement it, they will be shut down.
Welcome to the regulated markets.

>all major exchanges operate on US soil

They don't care. FBI operates internationally. I remember when they stormed the Swiss government and arrested someone and no one said a fucking word.

Yes, they care. Because a country can't enforce their laws on another without starting a war. They can bitch and whine and that's about as far as it goes. Furthermore there are decentralized exchanges.

>What is an extradition treaty?

Won't work with China but the US has treaties with lots of countries.

Those treaties are only applicable for things that affect the US directly, like terrorism or leaking information etc.

>stuff like pic related cant happen anymore
You mean in the US right?
They can't do shit about other countries

That's the irony about every tardfuck with "all in on monero": you'll never see the day you can buy groceries or pay your rent with it.

A regulation that is actually interesting is prohibiting forks that try to steal the brand, like Bcash, Bgold, and so on and so on.

It means literally nothing. They are shilling for their children

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kek