The cryptocurrencies and the ghost of regulation for this 2018

in #cryptocurrencies6 years ago (edited)

Since the appearance of Bitcoin -the first cryptocurrency- in November of 2008, it has had to struggle with a series of obstacles, for example, attracting trust and acceptance as a means of current payment, among other things  

Over the years Bitcoin has had good times as in December 2017, when it reached more than $ 17,000 per BTC, and some not so good moments as for example at present in which there is a sustained decline in its value , dragging other cryptocurrencies with you in the stock market.  

However, today cryptocurrencies sail in the middle of two waters, the current that considers that currencies remain to be decentralized and who support their regulation.  

It is worth remembering that last March of this year the finance ministers and the directors of the central banks belonging to the G-20, led by the then managing director of the International Monetary Fund, Christine Lagarde, committed to carry forward "the implementation of standards of the Financial Action Task Force (FATF) in the field of cryptoactives ", also requesting the application of these standards globally.  

They also urged international organizations to continue with the "supervision of cryptocurrencies and their risks". This is a clear step in the direction to achieve regulating the operation of digital assets.  

Added to this, in Spain there is great uncertainty in the market of business operations with cryptocurrency, experts claim that this is due to the lack of regulation in the sector. All this suggests that you are at the gates of rules that regulate, obtaining, as well as operations with this type of assets.  

Also in the Middle East, Saudi Arabia, have issued the warning that the cryptocurrency trade is illegal. However, there are voices that are in favor of the use of virtual currencies.  

In Brazil, for example, the candidate for the presidency of that country, João Amoêdo considers that Bitcoin could be a legal method of payment for goods and services. On the other hand, Ohio has become one of the first territories in the United States to recognize intelligent contracts and blockchain.  

But these initiatives coming from people and entities that in some way have a relationship with the states does not leave without effect the concerns about a possible regulation of cryptocurrencies.  

In the meantime, as long as there is uncertainty as to the actions that will be taken by regulatory and fiscal entities around the world, the nominal value of cryptocurrency is subject to great pressures.  

If you find this post interesting, I ask you to give me your vote and share it and so you can help me to continue doing my job. Thank you