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------> START MAKE BITCOIN NOW!! <------
------> START MAKE BITCOIN NOW!! <------


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in addition, south korea has also limited the rights of financial institutions to offer virtual, anonymous bank accounts as well as placing the responsibility on exchanges to report any large cryptocurrency transactions. the new regulations also restrict non-nationals and minors from making any cryptocurrency transactions. conclusion. this article has illustrated that there are various approaches and opinions being taken across the globe in respect of the regulation of bitcoin and other cryptocurrencies. for some, the regulation of cryptocurrency would add legitimacy to the industry. can i mine bitcoins on my pc however, for other jurisdictions, the regulation of bitcoin is low on the legislative priority list as it is not considered to be a pressing issue, with there also being some uncertainty among regulators of how to regulate the sector. fitting the cryptocurrency industry into the existing structures is likely to stifle the industry. however, to create a new regulatory and tax structure purely for cryptocurrency might result in significant expense on the taxpayer. the cryptocurrency industry itself is opposed to large scale regulation that would negatively affect the decentralized nature of the industry and would undermine the philosophy of the technology. this breakout has resulted in bitcoin becoming a buzzword in the office and in the home. as a result, it has become almost inevitable that regulation in some form or another is on the way. however, the big questions that remain are what form will such regulations take and what effect will they have on the industry. although there is some merit to the argument that large scale regulation could negatively affect the decentralization of cryptocurrency, it is suggested that some regulation is necessary in order to legitimize the technology and the market. taking steps such as enforcing kyc / aml standards have dual purposes: to protect the state, but also to protect the individual and ensure that companies are taking their duties to their customers / investors seriously.

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