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#326 2023-07-04 18:07:20

PEACEMAKER
Member
Registered: 2023-01-27
Posts: 412

Re: Warning: Don’t leave your funds on an exchange/crypto service

For safety reasons, I generally don't accept cookies in a website because I am not aware of what information they are collecting from me. I would advice anyone who doesn't fully understand it to do the same.

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#327 2023-07-04 18:13:14

Detroit
Member
Registered: 2022-12-27
Posts: 1,485

Re: Warning: Don’t leave your funds on an exchange/crypto service

PEACEMAKER;17646 wrote:

<p>For safety reasons, I generally don&#039;t accept cookies in a website because I am not aware of what information they are collecting from me. I would advice anyone who doesn&#039;t fully understand it to do the same.</p>

It's best to avoid it if you don't fully understand the whole technics that comes with it.  some people do not read those things, the worst of them all is terms and conditions, they just accept it.

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#328 2023-07-04 23:49:50

full
Member
Registered: 2023-01-06
Posts: 1,222

Re: Warning: Don’t leave your funds on an exchange/crypto service

Lanistergame2;17023 wrote:
Camavinga;16982 wrote:

The US is very strict with cryptocurrency exchanges, they are so strict that i no longer know what their intentions are for cryptocurrency exchanges, some people say they are just doing this to find a way to get to crypto through cryptocurrency exchanges, i will tell US citizens to use decentralized exchanges for now.

It is their way to indirectly regulate cryptocurrencies. They cannot control your self custody wallets but if you store your funds on an exchange that is centralized they can indirectly control them through the exchange which has to be compliant to their rules.

Yes, there are several ways in which cryptocurrencies can be indirectly regulated. Many jurisdictions have established regulations or licensing requirements for cryptocurrency exchanges.

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#329 2023-07-04 23:50:07

IyaJJJ
Member
Registered: 2023-01-25
Posts: 1,616

Re: Warning: Don’t leave your funds on an exchange/crypto service

full;17812 wrote:
Lanistergame2;17023 wrote:
Camavinga;16982 wrote:

The US is very strict with cryptocurrency exchanges, they are so strict that i no longer know what their intentions are for cryptocurrency exchanges, some people say they are just doing this to find a way to get to crypto through cryptocurrency exchanges, i will tell US citizens to use decentralized exchanges for now.

It is their way to indirectly regulate cryptocurrencies. They cannot control your self custody wallets but if you store your funds on an exchange that is centralized they can indirectly control them through the exchange which has to be compliant to their rules.

Yes, there are several ways in which cryptocurrencies can be indirectly regulated. Many jurisdictions have established regulations or licensing requirements for cryptocurrency exchanges.

By regulating exchanges, governments can impose measures to prevent money laundering, terrorist financing, and ensure compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations.

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#330 2023-07-04 23:50:38

level
Member
Registered: 2023-01-19
Posts: 1,365

Re: Warning: Don’t leave your funds on an exchange/crypto service

IyaJJJ;17813 wrote:
full;17812 wrote:
Lanistergame2;17023 wrote:

It is their way to indirectly regulate cryptocurrencies. They cannot control your self custody wallets but if you store your funds on an exchange that is centralized they can indirectly control them through the exchange which has to be compliant to their rules.

Yes, there are several ways in which cryptocurrencies can be indirectly regulated. Many jurisdictions have established regulations or licensing requirements for cryptocurrency exchanges.

By regulating exchanges, governments can impose measures to prevent money laundering, terrorist financing, and ensure compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations.

If we look at all this closely they have indirect regulate cryptocurrency to helps to increase transparency and accountability within the cryptocurrency ecosystem.

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#331 2023-07-04 23:50:54

joanna
Member
Registered: 2023-01-10
Posts: 2,505

Re: Warning: Don’t leave your funds on an exchange/crypto service

level;17814 wrote:
IyaJJJ;17813 wrote:
full;17812 wrote:

Yes, there are several ways in which cryptocurrencies can be indirectly regulated. Many jurisdictions have established regulations or licensing requirements for cryptocurrency exchanges.

By regulating exchanges, governments can impose measures to prevent money laundering, terrorist financing, and ensure compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations.

If we look at all this closely they have indirect regulate cryptocurrency to helps to increase transparency and accountability within the cryptocurrency ecosystem.

Governments can exercise indirect regulation of cryptocurrencies through taxation but i wont like this idea by government of any country that didnt support cryptocurrency.

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#332 2023-07-04 23:51:25

full
Member
Registered: 2023-01-06
Posts: 1,222

Re: Warning: Don’t leave your funds on an exchange/crypto service

joanna;17815 wrote:
level;17814 wrote:
IyaJJJ;17813 wrote:

By regulating exchanges, governments can impose measures to prevent money laundering, terrorist financing, and ensure compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations.

If we look at all this closely they have indirect regulate cryptocurrency to helps to increase transparency and accountability within the cryptocurrency ecosystem.

Governments can exercise indirect regulation of cryptocurrencies through taxation but i wont like this idea by government of any country that didnt support cryptocurrency.

Tax authorities may require individuals and businesses to report and pay taxes on cryptocurrency transactions, including capital gains taxes or taxes on cryptocurrency mining.

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#333 2023-07-04 23:51:53

thrive
Member
Registered: 2023-01-04
Posts: 2,068

Re: Warning: Don’t leave your funds on an exchange/crypto service

full;17816 wrote:
joanna;17815 wrote:
level;17814 wrote:

If we look at all this closely they have indirect regulate cryptocurrency to helps to increase transparency and accountability within the cryptocurrency ecosystem.

Governments can exercise indirect regulation of cryptocurrencies through taxation but i wont like this idea by government of any country that didnt support cryptocurrency.

Tax authorities may require individuals and businesses to report and pay taxes on cryptocurrency transactions, including capital gains taxes or taxes on cryptocurrency mining.

By enforcing taxation regulations, governments aim to gain greater oversight and to discourage illicit activities while they indirectly regulate cryptocurrencies.

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#334 2023-07-04 23:52:13

IyaJJJ
Member
Registered: 2023-01-25
Posts: 1,616

Re: Warning: Don’t leave your funds on an exchange/crypto service

thrive;17817 wrote:
full;17816 wrote:
joanna;17815 wrote:

Governments can exercise indirect regulation of cryptocurrencies through taxation but i wont like this idea by government of any country that didnt support cryptocurrency.

Tax authorities may require individuals and businesses to report and pay taxes on cryptocurrency transactions, including capital gains taxes or taxes on cryptocurrency mining.

By enforcing taxation regulations, governments aim to gain greater oversight and to discourage illicit activities while they indirectly regulate cryptocurrencies.

In some cases, cryptocurrencies may be subject to securities regulations if they are considered investment contracts or securities.

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#335 2023-07-04 23:52:36

level
Member
Registered: 2023-01-19
Posts: 1,365

Re: Warning: Don’t leave your funds on an exchange/crypto service

IyaJJJ;17819 wrote:
thrive;17817 wrote:
full;17816 wrote:

Tax authorities may require individuals and businesses to report and pay taxes on cryptocurrency transactions, including capital gains taxes or taxes on cryptocurrency mining.

By enforcing taxation regulations, governments aim to gain greater oversight and to discourage illicit activities while they indirectly regulate cryptocurrencies.

In some cases, cryptocurrencies may be subject to securities regulations if they are considered investment contracts or securities.

Authorities may regulate initial coin offerings (ICOs) and token sales to protect investors and ensure compliance with securities laws.

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#336 2023-07-04 23:53:20

joanna
Member
Registered: 2023-01-10
Posts: 2,505

Re: Warning: Don’t leave your funds on an exchange/crypto service

level;17820 wrote:
IyaJJJ;17819 wrote:
thrive;17817 wrote:

By enforcing taxation regulations, governments aim to gain greater oversight and to discourage illicit activities while they indirectly regulate cryptocurrencies.

In some cases, cryptocurrencies may be subject to securities regulations if they are considered investment contracts or securities.

Authorities may regulate initial coin offerings (ICOs) and token sales to protect investors and ensure compliance with securities laws.

These regulations could be indirectly affect the issuance and trading of cryptocurrencies.

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#337 2023-07-04 23:53:50

level
Member
Registered: 2023-01-19
Posts: 1,365

Re: Warning: Don’t leave your funds on an exchange/crypto service

joanna;17821 wrote:
level;17820 wrote:
IyaJJJ;17819 wrote:

In some cases, cryptocurrencies may be subject to securities regulations if they are considered investment contracts or securities.

Authorities may regulate initial coin offerings (ICOs) and token sales to protect investors and ensure compliance with securities laws.

These regulations could be indirectly affect the issuance and trading of cryptocurrencies.

Governments may establish consumer protection regulations that indirectly affect cryptocurrencies. These regulations could include measures to combat fraud, false advertising, or unfair business practices in the crypto space.

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#338 2023-07-04 23:54:33

joanna
Member
Registered: 2023-01-10
Posts: 2,505

Re: Warning: Don’t leave your funds on an exchange/crypto service

level;17822 wrote:
joanna;17821 wrote:
level;17820 wrote:

Authorities may regulate initial coin offerings (ICOs) and token sales to protect investors and ensure compliance with securities laws.

These regulations could be indirectly affect the issuance and trading of cryptocurrencies.

Governments may establish consumer protection regulations that indirectly affect cryptocurrencies. These regulations could include measures to combat fraud, false advertising, or unfair business practices in the crypto space.

By the government implementation of things that will safeguarding consumers, authorities aim to provide a level of protection and build trust in the industry.

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#339 2023-07-05 00:23:34

Europ
Member
Registered: 2023-05-23
Posts: 1,518

Re: Warning: Don’t leave your funds on an exchange/crypto service

The Government established the crypto world by legitimating crypto as legal tender, arcade the infrastructural content, national attentions and awareness, Establishement of secured readable protocols and serve as alternate national currency.

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#340 2023-07-05 11:29:40

Lanistergame2
Member
Registered: 2022-12-25
Posts: 1,682

Re: Warning: Don’t leave your funds on an exchange/crypto service

Europ;17826 wrote:

The Government established the crypto world by legitimating crypto as legal tender, arcade the infrastructural content, national attentions and awareness, Establishement of secured readable protocols and serve as alternate national currency.

The government did not establish the crypto world and it does not need them to make it legitimate.
Being decentralized means not needing a central authority to function at all and being able to be used anywhere and by anyone.

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#341 2023-07-05 17:42:56

JONSNOWING
Member
Registered: 2023-01-06
Posts: 1,071

Re: Warning: Don’t leave your funds on an exchange/crypto service

But how come the government is involved in centralized exchanges or do they exercise certain rights that they can just get involved in it. I remember at one point the government was against cryptocurrency

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#342 2023-07-05 18:32:23

CrytoCynthia
Member
Registered: 2022-11-19
Posts: 2,416

Re: Warning: Don’t leave your funds on an exchange/crypto service

JONSNOWING;17860 wrote:

But how come the government is involved in centralized exchanges or do they exercise certain rights that they can just get involved in it. I remember at one point the government was against cryptocurrency

Well the government can easily get hands of the details of users of centralized exchange because they provided them with it during their KYC process.

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#343 2023-07-05 20:06:12

Crpuss
Member
Registered: 2023-06-16
Posts: 234

Re: Warning: Don’t leave your funds on an exchange/crypto service

The cryptocurrency should be allowed to be a decentralized ecosystem because I think it’s mainly what’s gives them the high traffic and number of users they have. Government interference should be optional if an exchange wants

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#344 2023-07-05 21:31:41

crpuusd
Member
From: Blockchain
Registered: 2022-12-13
Posts: 1,735

Re: Warning: Don’t leave your funds on an exchange/crypto service

Crpuss;17911 wrote:

The cryptocurrency should be allowed to be a decentralized ecosystem because I think it’s mainly what’s gives them the high traffic and number of users they have. Government interference should be optional if an exchange wants

The implementation of the government policy into crypto will renounced the decentralized block chains of the p2p system while the users enjoy legalizing and suffer taxations, fund monitoring and traceable fund system.

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#345 2023-07-05 21:34:00

Camavinga
Member
Registered: 2023-01-06
Posts: 836

Re: Warning: Don’t leave your funds on an exchange/crypto service

Crpuss;17911 wrote:

The cryptocurrency should be allowed to be a decentralized ecosystem because I think it’s mainly what’s gives them the high traffic and number of users they have. Government interference should be optional if an exchange wants

Government interference cannot be the choice of the exchange, the government will decide when and how they are going to interfere, some centralized exchanges do really bad things and it may be good for the government to interfere, but decentralized ecosystems are safe from all that.

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#346 2023-07-05 23:36:41

Vastextension
Member
Registered: 2022-11-19
Posts: 2,009

Re: Warning: Don’t leave your funds on an exchange/crypto service

joanna;17823 wrote:
level;17822 wrote:
joanna;17821 wrote:

These regulations could be indirectly affect the issuance and trading of cryptocurrencies.

Governments may establish consumer protection regulations that indirectly affect cryptocurrencies. These regulations could include measures to combat fraud, false advertising, or unfair business practices in the crypto space.

By the government implementation of things that will safeguarding consumers, authorities aim to provide a level of protection and build trust in the industry.

Indirect regulation of cryptocurrencies can also occur through international cooperation and the establishment of global standards.

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#347 2023-07-05 23:37:07

joanna
Member
Registered: 2023-01-10
Posts: 2,505

Re: Warning: Don’t leave your funds on an exchange/crypto service

Vastextension;18039 wrote:
joanna;17823 wrote:
level;17822 wrote:

Governments may establish consumer protection regulations that indirectly affect cryptocurrencies. These regulations could include measures to combat fraud, false advertising, or unfair business practices in the crypto space.

By the government implementation of things that will safeguarding consumers, authorities aim to provide a level of protection and build trust in the industry.

Indirect regulation of cryptocurrencies can also occur through international cooperation and the establishment of global standards.

Organizations like the Financial Action Task Force (FATF) and the G20 are working towards developing international guidelines for regulating cryptocurrencies, money laundering, and terrorist financing.

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#348 2023-07-05 23:37:37

oba
Member
Registered: 2023-01-13
Posts: 1,858

Re: Warning: Don’t leave your funds on an exchange/crypto service

joanna;18040 wrote:
Vastextension;18039 wrote:
joanna;17823 wrote:

By the government implementation of things that will safeguarding consumers, authorities aim to provide a level of protection and build trust in the industry.

Indirect regulation of cryptocurrencies can also occur through international cooperation and the establishment of global standards.

Organizations like the Financial Action Task Force (FATF) and the G20 are working towards developing international guidelines for regulating cryptocurrencies, money laundering, and terrorist financing.

Adhering to these standards can put pressure on jurisdictions to adopt indirect regulations that align with international norms.

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#349 2023-07-05 23:38:05

Vastextension
Member
Registered: 2022-11-19
Posts: 2,009

Re: Warning: Don’t leave your funds on an exchange/crypto service

oba;18041 wrote:
joanna;18040 wrote:
Vastextension;18039 wrote:

Indirect regulation of cryptocurrencies can also occur through international cooperation and the establishment of global standards.

Organizations like the Financial Action Task Force (FATF) and the G20 are working towards developing international guidelines for regulating cryptocurrencies, money laundering, and terrorist financing.

Adhering to these standards can put pressure on jurisdictions to adopt indirect regulations that align with international norms.

It is important to note that the approach to regulating cryptocurrencies varies across jurisdictions and evolves over time.

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#350 2023-07-05 23:38:57

joanna
Member
Registered: 2023-01-10
Posts: 2,505

Re: Warning: Don’t leave your funds on an exchange/crypto service

Vastextension;18042 wrote:
oba;18041 wrote:
joanna;18040 wrote:

Organizations like the Financial Action Task Force (FATF) and the G20 are working towards developing international guidelines for regulating cryptocurrencies, money laundering, and terrorist financing.

Adhering to these standards can put pressure on jurisdictions to adopt indirect regulations that align with international norms.

It is important to note that the approach to regulating cryptocurrencies varies across jurisdictions and evolves over time.

The regulatory landscape surrounding cryptocurrencies is still evolving, and governments are continuously exploring new approaches to effectively regulate the industry.

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