WARNING! Regulation Incoming! Discussion

[Anonymous No.17699248]

I've been on biz a long time. I work for pic related. I never see anyone on here talk about crypto regulation... Why?!

The type of regulation that will hit in Q3 or Q4 will crush certain cryptos (XMR) and I think will have a big negative impact on almost everything in the space. Every US financial agency is working together to get Crypto under their control and it's at the top of their priorities. FINCEN is leading the way. I'm not really dropping inside info here anons, just google FINCEN Crypto and you can find several statements from top officials saying that huge crypto regulation is coming fast.

Half of biz should be discussing regulation and how to stop it or what to do about it right now. Are you all going to wait until they drop everything on us at once and then cry about it as the market plummets and it's too late? How will XMR and similar "private" cryptos survive? They have said they have to have complete transparency. They want to know who is sending and who is receiving. If that can't be provided, guess what? Ban. And if you didn't know, the US has power over all international financial transactions. Check out OFAC. Once it's banned in the US it's over. FINCEN will be doing this under the guise of muh terrorism and drugs, but it's about controlling crypto and making sure they get their cut. You all act like these agencies who are built for this are a bunch of idiots who don't know what they are doing. I promise you they do. They've spent hundreds of millions of dollars on BSA/AML. A fucking huge onramp to money laundering (Crypto) opens up and you think they don't know and care? They know they waited too long to do something and they are going to start shitting out regulations very soon.

Any big brains have ideas on what to do to stop this or is this going to be forgotten tomorrow and replaced with 100 more BSV, Nulink, Pink posts?

Do you all even care?

[Anonymous No.17699269]

Kys

[Anonymous No.17699286]

>>17699248
pee pee in the poo poo

[Anonymous No.17699292]

That picture is clearly photoshopped

[Anonymous No.17699293]

It can't be stopped. We'll just have to play the game or be broke

[Anonymous No.17699294]

>>17699248
Was always inevitable. They won’t be able to control most blockchains and basically like prohibition will essentially be forcing those into illegal use cases. Maybe that’s preferable since it’s easy to track.

Then things like LINK will blow the fuck up because they have useful business ramifications and will benefit the economy and can easily be tracked.

Expect BTC to shit the bed and ETH to do well. Good luck.

[Anonymous No.17699300]

>>17699248
What does this mean for LINK?

[Anonymous No.17699307]

What do you think will happen to tether?

[Anonymous No.17699308]

>>17699248
Bullish

[Anonymous No.17699351]

>calls bsv shit
>only regulation friendly coin
keep bagholding, imagine trying to get people to discuss regulation on biz to try and stop it

[Anonymous No.17699380]

>>17699269
Get back to the nulink containment threads faggot.

>>17699292
Yeah... ok.

>>17699293
I think if you get the right people to campaign against certain regulations/bans then it could be stopped. Somebody like Rand Paul could lead the charge and stop these faggots.

>>17699294
I agree it's like prohibition, people will continue to do illegal things, but it will kill the market. Agree on Link too, but I don't want to see Crypto die.

>>17699300
See above. Might crash with the entire market, but will be the first to rise from the ashes.

>>17699307
Nothing.

[Anonymous No.17699441]

The writing has been on the wall for a long time but all these "cypherpunks" choose to ignore it. Brave/BAT has received a ton of shit for enforcing KYC/AML regulations and it still hasn't let up. After bottlepay.li shut down and tryloli started sneaking KYC/AML procedures into their app is when people should have taken a pause for concern. Also forgot to mention all of the major exchanges now requiring KYC and enforcing the FATF crypto travel rule.

Its going to be an absolute nightmare for all of these crypto companies to bake new compliance into their apps and companies and find a reputable service provider. The thing that stunted Brave/BAT is going to strike a heavy blow to most of crypto.

[Anonymous No.17699455]

>>17699300
Pretty sure link is working with KYC/AML providers.

[Anonymous No.17699466]

>banning a crypto
We have decentralized exchanges in the works. Nobody gives a fuck what you ban.

[Anonymous No.17699479]

What do you think of Coinmetro op?

[Anonymous No.17699490]

We warned you all about incoming regulations for years now.
Sign up to CoinMetro and buy XCM.
You can either listen to me, or cry later. I have nothing further to add.

[Anonymous No.17699584]

>>17699248
good timing
>>17699547

[Anonymous No.17699651]

>>17699248
It's as if csw and nchain saw this miles away, and made sure bsv is constantly advertised as regulation friendly.
This shit is hilarious

[Anonymous No.17699711]

What the fuck is up with these shills. BSV went from 85-450 and he talks like it’s tron or something. Also NULINK is everything chainlink claims chainlink is. Chainlink isn’t decentralized it takes KYC verification. NULINK is the decentralized oracle hype that all the stinkers have been shitting out their mouth for the last 2 years.

[Anonymous No.17699733]

>>17699248
Might be a good time to cash out into physical gold and silver.

[Anonymous No.17699784]

>>17699248
oh noes!!1 not my jew bank owned privacy coin???

[Anonymous No.17699845]

>>17699380
>he doesnt know

[Anonymous No.17699858]

>>17699380
>>17699294
>>17699294
Well if link is fine then I don't really care

[Anonymous No.17700098]

Chainlinkers are mentally ill

[Anonymous No.17700190]

>I HAVE REGGILATION

[Anonymous No.17700282]

>>17699248
How do you see this affecting LINK and Tezos? Probably not much at all right? Potentially bullish for them since we’d weed out privacy shit?

[Anonymous No.17700407]

>>17700282

Yeah anon, probably a drop when regulations hit and market panics, but no way it hurts Link long term and could possibly be huge since everyone will consolidate to useful projects that the regs dont effect.

[Anonymous No.17700471]

>>17699294
>>17699248
What does this mean for Mixicles and the like then? Will that be an illegal part of chainlink?

[Anonymous No.17700529]

>>17699293
>>17699380
I've always been waiting on regulations to come through. It's part of the game.

They call using privacy coins "Bitcoin mixing" now. That gayass name should terrify you fuckers. They're coming for it.

[Anonymous No.17700533]

the gubment can't ban p2p trading or decentralized exchanges and they will grow exponentially when this shit starts.

[Anonymous No.17700535]

>>17700471

Yeah, that's a hard one. Definitely a question I hope someone asks the team at one of the conferences.

[Anonymous No.17700589]

>>17700533
bullish for WAZIR sultanbros

[Anonymous No.17700614]

>>17700533

See, I see that said anytime regulation is mentioned.

>the gubment can't ban p2p trading or decentralized exchanges

Dumb. The US will 100% ban both before EOY.

Now if you are saying that they can't enforce the ban... debatable.

Are you willing to risk imprisonment and forfeiture of all your funds? What are you going to do with your illegal crypto? No legitimate business can/will accept it. In this fantasy world where a ban is a good thing, does everyone magically start using an illegal form of currency so it doesn't matter... What even the fuck are you thinking... You know what, nevermind, just hold on to whatever you have, I'm sure a ban will send it to the moon...

[Anonymous No.17700666]

>>17699248
ok boomer

[Anonymous No.17700692]

>>17700614
bro they're not banning crypto lol, you think the US govt is gonna allow themselves to be the only nation that cucks themself out of crypto?

[Anonymous No.17700737]

>>17699248
This is why I bought physical silver :)

[Anonymous No.17700750]

>>17700692

Damn dude. Did I say they are fucking banning Crypto?!... Read what I posted. They will ban private cryptocurrencies, p2p, decentralized exchanges, basically anything where they won't be able to track every transaction and every person involved in every transaction.

Also, learn what the fuck OFAC is if you think the US banning doesn't matter anywhere else...

[Anonymous No.17700765]

Crypto wont be banned if its regulated. This shit is unironically bullish as fuck.

Extreme regulations would stifle growth in your own country and you would lag behind.

Calm down ffs

[Anonymous No.17700767]

>>17700692
this. you can't prove who is behind any address. even without mixers. if you send bitcoin to 10 randomly created address how the fuck can you know there not in the hands of someone else now? don't fall for this larping faggot.

[Anonymous No.17700835]

>>17700767

>Larping

Why and what the fuck would I be larping for you retard? You can google pretty much everything I'm saying.

>if you send bitcoin to 10 randomly created address how the fuck can you know there not in the hands of someone else now?

They already keep track of everything on the blockchain... what the fuck are you even saying anyways? You think sending Bitcoin to 10 different addresses is going to make them give up or trick them? lmao...

[Anonymous No.17700869]

Meanwhile, your rulers nominate a guy caught red handed, stealing a minimum of 50 grand a month. The pencil pushers that work at these agencies deserve a fate.

[Anonymous No.17700882]

>>17700835
you're retarded. think about a dollar bill in the wild. let's say they know how to track that bill at every exchange on a computer screen. after about a year that dollar bill has be exchanged between 100 different people. now who owns that bill?

[Anonymous No.17700945]

>>17700882
If they can track that bill at every exchange, then why wouldn't they know who owns it after exchanging it between 100 different people?

[Anonymous No.17700946]

>>17700869

Agreed.

>>17700882

So you're assuming this fantasy world where people actually start using Bitcoin to buy things between each other 100's of times a year? Yeah dude, I guess in that scenario they will have trouble tracking who currently owns the Bitcoin.

But in current real life, people are either buying into Bitcoin and holding or cashing back out into cash. At the entry point and exit point they will know who is involved because of KYC/KYT etc...

[Anonymous No.17700966]

>>17700614
can't ban p2p trading. they'd have to make using the coin itself illegal, which isn't going to happen.

[Anonymous No.17700972]

>>17700946
they don't know jack shit. all they know is how to print fake money and steal from people.

[Anonymous No.17701003]

>>17700966

I'm just as confident they will. Any reason you think they aren't going to? You think they are going to leave this giant hole open for money laundering when there are half a dozen government agencies dedicated to BSA/AML?

[Anonymous No.17701025]

>>17701003
because they aren't that retarded. banning use of a cryptocurrency would be an absolute disaster for the gubment in every way. they aren't going to do anything more than making it incredibly difficult for centralized exchanges to list it.

[Anonymous No.17701028]

>>17700972

I'm just as angry about it as you anon, but they know what's going on. Federal agencies are dedicated to stopping anything they can't track and keeping crypto under control and the same regulations as US currency.

Just do some research on FINCEN, educate yourself, and be prepared for what is coming.

[Anonymous No.17701049]

>>17701028
https://www.fxstreet.com/cryptocurrencies/news/why-governments-can-never-stop-crypto-201910302023

[Anonymous No.17701084]

>>17701028
who said I'm angry, I'm just not retarded.

[Anonymous No.17701091]

Xmr isn't going anywhere
Localmonero bro

Also mixicles

Also layer 2 privacy solutions

[Anonymous No.17701105]

>>17701049

Argentina/Zimbabwe trying to outright ban all Crypto does not equal the US banning privacy coins and throwing down big regulation on the rest.

Agree to disagree, I have to go to bed. Good luck.

[Anonymous No.17701107]

>>17700535
R u retarded? Mixicles was made by ari Jules to satisfy the irs regulations

[Anonymous No.17701125]

>>17699248
Crypto can be traded without going through a financial institution. There's no effective way for governments to enforce their regulations. Also a ban on crypto would increase the price of crypto. Supply and demand.

[Anonymous No.17701130]

>>17701084

You are retarded though. Remember this thread when FINCEN drops a bomb on your head in 6 months!

[Anonymous No.17701142]

>>17701125

Ummm. the supply would go way up as people panic sell and offload their now illegal crypto and demand.. 0.

[Anonymous No.17701148]

>>17701142
No supply goes down after a ban. Look at drugs.

[Anonymous No.17701166]

>>17701148

Can't tell if you're joking. Buy mobius. I'm out.

[Anonymous No.17701176]

>>17701166
I'm not joking. Illegal things cost more.

[Anonymous No.17701177]

>>17701130
It’s FinCEN not FINCEN you plebbitor fear mongerer.
If you didn’t trade on secret binance accounts you good, otherwise you fucked.

[Anonymous No.17701179]

>>17701148
With the difference that drugs have a irl use case, illegal crypto not. I would enjoy a ban of all privacy, staking and 3world shitcoins

[Anonymous No.17701213]

>>17701179
Bitcoin is peer-to-peer electronic cash. When governments ban cash and start negative interest rates, Bitcoin will be the new currency of the black market, and the black market will be huge.

[Anonymous No.17701226]

The US goverment still hasnt figured out how to use chain analysis properly. Dreams about regulation are completely out of line with what they are technically capable of. For instance with silk road, they caught the guy using traditional infiltration and mail, not fancy cyber.

Think about the obamacare debacle, and that was just a website. Any attempts by the US goverment to regulate crypto will fail 100x more. PRC hasnt been able to stop their citizens, and their surveillance and abduction systems are way more powerful.

[Anonymous No.17701229]

>>17701176

OK.. one thing is consumable. There are 1,000,000 shitcoin X. Shitcoin X is banned. Do you think 500,000 Shitcoin X magically disappear or what?... What happens is 999,000 Shitcoin X hit the market with a day of being banned and the price drops to 0.0000001 penny.

[Anonymous No.17701238]

>>17700835
Can the US demand Binance give them info on their transactions? I tumbled a good amount of my Link stack through Binance so no one knows who it is linked to...

[Anonymous No.17701244]

>>17701229
There is a limited supply of Bitcoin.

[Anonymous No.17701263]

>>17701238

Yes...

[Anonymous No.17701277]

>>17701226
chainalysis is easy to do on all crypto except privacy coins. the US gov has access to the people who can do chainalysis properly.

[Anonymous No.17701292]

>>17701238
binance US, yes, but not regular binance.

[Anonymous No.17701359]

>>17699248
How does this effect anything but private currency transactions in a real way?

Putting biz logic on a middleware blockchain should not be effected, and I cant see how utlitly tokens that assist in basic business logic will be effected.

I want regulation so finally this sh** will be over with and big money can finally enter the space. I'm not in it for the tech. I was in the early bitcoin days, but that vision was naive and under informed.

Bring on the regulation and let's do this. What is your big concern?

[Anonymous No.17701382]

>>17701292
Not regular Binance you say?

PERFECT.

[Anonymous No.17701531]

>>17701213
once crypto adoption reaches 51%. fiat will be finished.

[Anonymous No.17701915]

>>17701238
Every exchange that requires KYC has already been served a subpoena. When you go to cash out your chainlink and you have a couple hundred thousand dollars that is unaccounted for sitting in your bank for a few years the IRS is gonna fry your ass with an audit. You will have to pay penalties + interest for the several years of unclaimed taxes. It will not end well for you dude.

[Anonymous No.17701943]

>>17701177
Have money FINCEL

[Anonymous No.17701969]

Everyone will go to prison but craig.

[Anonymous No.17701987]

>>17699248
They can’t do shit about xmr. Also there tumbling services for eth now too. The real problem we are having is the onramps with banks. If we can figure out to get people into crypto with out (them) then we won

[Anonymous No.17701994]

>>17699248
lol no one cares

[Anonymous No.17701999]

>>17701915
Oh, I plan on paying my taxes. When I cash out. For emphasis:

> When I cash out

And even then I'm only cashing out less than 10% of my stack. The whole point of crypto is to have an alternative banking system. I believe in the vision of Satoshi Nakamoto even if I don't own any BTC.

[Anonymous No.17702025]

>>17700614
How’s that working with torrents?

[Anonymous No.17702039]

>>17699466
I see this retarded reply all the time. If it's illegal corporations can't use it retard its use case is limited. Shitcoins like link that break regs will die. Anyone that thinks regs don't matter wasn't around in '15. Disregard their opinion.

OP is a larp btw

[Anonymous No.17702809]

>>17699248
Nothing is going to happen in fact hard regulation will be bullish.

Crypto is not being used for dirty shit that's boomer propaganda, but the moment they attempt to castrate crypto it will return to it's p2p origins and trading at sites like localbitcoins or through bisq.

That's when the real dirty money will get in because it will be 100% untrackeable.

Also crypto does not need the usa to survive in fact burgerland represent a very small percentage of the crypto market given how big the usa is.

Crypto will thrive but with this shit they are also destroyting fintech, most people nowdays don't dare to leave their wealth in paypal or sites like that because regulations allows them to freeze your funds.

As a result the velocity of money is collapsing because the internet economy is being destroyed.

Let's see how long the boomers can endure a drying economy with this shit.

The fact is that the internet needs digital cash, money in paypal with 5% fee to move is not cash, having your assets frozen for no fucking reason for 2 years by paypal is not cash.

There is a reason the internet is being monopolized , only the big players now can deal with this type of shit, even ebay is collapsing due to the growing regulations.

The entire global economy will collapse due to this fucking retards.

[Anonymous No.17702846]

>>17701987
The problem is not ramps the problem is that the keynsian lunatics in charge want negative interest rates, but who in their god damn mind would be as retarded as to deposit money in a bank account for the right to lose money.

Nobody so they need to abolish cash and they are desperated because satoshi stoped their wet dream.
Because anyone can do a transaction for anything and buy crypto through localbitcoins or alternatives and get their digital fiat out of the bank into hard money aka crypto.

This is also why they want to tax fortnite money or flight miles, they know their wet dream does not work if people can cash out into other things that work as money , even meme videogame money, that's how desperate this morons are.

Guess what their retarded keynsian stupidity will never work unless they ban all the service economy since anyone can larp that they are paying for a service to buy crypto.

They have lost their minds.

[Anonymous No.17702861]

>>17701213
>Bitcoin will be the new currency of the black market, and the black market will be huge.

FREE MARKET , not black market, the negative interest rate meme ends with feudalism and serfdom.

[Anonymous No.17702868]

>>17699248
I care. But I'm not sure what to do. will it affect Australia or just America. can't you just hold crypto in another country?? technically is it even in a country.

The point is to get rid of central authority so naturally central authority wants to crack down and destroy or control we centralized platforms. But how can they do that with 1000s of separate moving changing parts.

Old man fighting a new younger man... games changing.

[Anonymous No.17702893]

>>17701025
They have docusign, govnt data feeds, NASA, an alphabet agency guy, tyler industries. Sergey talked about fed coin. Cats out of the bag

[Anonymous No.17703307]

>>17699248
Unironically bullish as fuck for ARPA and the Chinese Merchant Banks supporting it.

[Anonymous No.17703410]

>>17700750
>They will ban private cryptocurrencies
So what? There will still be other countries where private coins are legal. And they won't be able to stop decentralized exchanges because as you said
>they won't be able to track every transaction and every person involved in every transaction.

[Anonymous No.17703434]

>>17699248
>generic pre login message shown to all public
OP larping as fincen... smdh

[Anonymous No.17703892]

>>17700750
how do they ban things they cannot track? Honest question.

[Anonymous No.17703930]

Proof xrp will make it

[Anonymous No.17703938]

>>17699858
Biggest brain post

[Anonymous No.17703964]

Allin bsv

[Anonymous No.17704022]

>gubermint official
>all in chainlink
>not XRP
kek, nice larp. Everyone in government knows XRP is their favorite coin for everything. Ripple team are the only ones actually communiticating with the fed on the daily and has HQ in DC
meanwhile, ShitLink HQ's ARE IN A WELL KNOWN TAX HAVEN.

get fuckint real

[Anonymous No.17704085]

>>17699286

[Anonymous No.17704114]

>>17699248
Dear retard :

WE HAVE HEARD THIS FOR YEARS

We have a playground until AT LEAST 2022, and then another few years with DEX's.

Step 1 :

Buy 21K+ Cruzbit. Do not sell it under $5.

Step 2 :

Focus on other low caps that haven't mooned.

Step 3 : Retire by 2023.

That's it. That's the post.

HEED.

[Anonymous No.17704290]

>>17699248
So how long did you clean the toilets at FINCEN?

[Anonymous No.17704636]

holy shit this thread is so bullish for nulink

[Anonymous No.17704650]

>>17703434

What would me logging in prove to you retard? Then you will just claim it's a shop or I'm a low level employee lmao. I'm not dropping inside info to you retarded faggots, just letting you know I work in the industry.

[Anonymous No.17704805]

>>17704650
OP, how could you hold LINK when you know they've broken cfc/aml/series funding regs?

[Anonymous No.17704823]

>>17704650
But you're telling us you have inside info, and we don't know you work in the industry without proof

[Anonymous No.17704834]

>>17704636
Kys

[Anonymous No.17704854]

>>17704805

Just tell me you're a BSV shill and go away.

The Link team did nothing illegal. They had lawyers involved in everything. Besides that they are already in with the big boys. Keep dreaming.

[Anonymous No.17704883]

>>17704823

I've mentioned no inside info, learn to read and comprehend. You can google and find that what I'm saying is true and has been said frequently by regulators this year - that big regulation is coming this year and that anything in the space that doesn't comply will be banned.

[Anonymous No.17705171]

>>17704854
>Just tell me you're a BSV shill and go away
Nope retard
>The Link team did nothing illegal.
you must be either the janitor or this is a larp

let me break it down for you
AML - No AML/KYC @ ICO
CFC - the CEO is a resident of burgerland, i.e burgerland laws apply no matter where in the world they set up.
Series funding - They had an ICO, LINK is an unregistered security.

[Anonymous No.17705259]

Nice fud. I’ll happily pay my taxes myself and never get audited. Our country uses intellectual forms of regulation open to the public outside of /biz/ you faggot lurk maor

[Anonymous No.17705279]

>>17699248
>I never see anyone on here talk about crypto regulation
this man has been talking about it constantly

[Anonymous No.17705426]

>>17705171
>LINK is an unregistered security.
kek. linkies on suicide watch

[Anonymous No.17705439]

This whole discussion is retarded. If the FBI wants to find people doing big deals avoiding taxes they can. These agencies are on a goose chase for thing not even happening. We need easily transferable funds to increase the global economy. It’s so stupid it’s beyond the scope of my brain. If an agency is gathering information on places used to launder etc they would be building an industry inadvertently due to information gathered. Why would they shutdown places creating potential markets? It’s inevitable desu

[Anonymous No.17705447]

>>17699248
Create another central bank with China and Russia? lol

[Anonymous No.17705526]

>>17699269
>>17699286
>>17699292
>>17699293
>>17699466
>>17699733
glowing

[Anonymous No.17705656]

>>17701238
they can demand whatever they want, doesn't mean binance has to comply.

[Anonymous No.17705808]

>>17699269
First post fucking stupid

[Anonymous No.17705943]

Cash and bullion has never been traceable, why the fuck should crypto be made traceable. PLEASE JUST DIE AMERICA.

[Anonymous No.17705968]

>>17699269
this. fuck faggot op's lame fud attempt.

[Anonymous No.17706040]

>>17699845
>blocks your path

[Anonymous No.17706251]

>>17699248
They have tried to ban crypto multiple times before. It didnt work. The only reason they are trying to gain control over it is because they couldnt outright destroy it. Why would some fancy new law suddenly give them the ability to do something they have failed at for the better part of a decade already?

[Anonymous No.17706290]

>>17706251
To add to this, its not that I think they are incompetent. I mean they are, but thats not the reason they have failed. They have failed because the very nature of decentralized cryptocurrency makes it impossible for any one entity to stop it.

[Anonymous No.17706350]

>>17701987
they can't do shit about dash or zcash, let alone monero. privacy coins are far ahead of chainalysis.
the onramps have been solved with localmonero, agoradesk, and bisq. they just need to become more user friendly, and that will happen much faster if the government cracks down on regulations.

[Anonymous No.17706372]

>>17702039
banning a crypto isn't what this thread is about retard. it's about fincen regulations that will make it very difficult to buy privacy coins on centralized exchanges.

[Anonymous No.17707176]

>>17700614
US IS NOT THE WHOLE WORLD YOU FAGGOT
YOU BURGERS CAN DO AND SAY ANYTHING IN YOUR FAGLORD KIKED SHITHOLE
THE WORLD DOESNT CARE ABOUT YOUR POLICE STATE PRISON NATION
FUCK THE FUCK OFF

[Anonymous No.17707233]

>>17701091
>Localmonero bro
Yeah go meet cia glowniggers face to face to conduct illegal anonymous currency trades, what could go wrong?

[Anonymous No.17707555]

>>17699248
Bsv is compliant.

Xmr is for criminals

[Anonymous No.17707824]

>>17699248
Hmm What about XRP and AGI ??

[Anonymous No.17708404]

>>17707176
USA hold SWIFT. So good luck using Crypto without access to fiat