Regulation of Crypto-Currency and its impact on the market - what to expect in 2018-m?

If the past year is called the year of the breakthrough of the crypto-currency, then 2018-th many experts designate as the year of regulation of this sphere. Indeed, with the desire of the authorities of different countries to encroach on the "holy" we have already seen first hand, and news resources continue to regularly throw up new news about the actions of regulators. As far as the state machine can control the sphere of independent money and how it affects the crypto currency market - we'll talk about this later in the article.

Principles of Satoshi Nakamoto

As is known, crypto-history began in the distant 2009 year, when a certain Satoshi Nakamoto invented and introduced the world bitcoin. Did the developer (or "developers"?) Do it with very noble goals, wanting to create money for the poor, give the world independent means and everything in the same spirit. In his view, the crypto-currency world is not compatible with regulators and should not have been. But, as often happens, something went not according to plan, and regulation in the environment of crypto-currencies nevertheless arose.

But blame the developer for this miscalculation is not worth it - he most likely could not even imagine that there will be such a quantity of money in the industry and such easy money will turn around in the industry, and at the same time, scammers of different stripes will flood it.

Why should I regulate crypto currency?

It is unlikely that any country in the world will allow its citizens to conduct economic activities and, at the same time, absolutely nothing to pay to the treasury of the state. How not to twist, and the crypt brings real money to people, and when millions of dollars are cashed, the principles of Nakamoto will be of little concern to anyone.

Too much money is absorbed by the crypto industry and can not forgive it. Large sums passing by the country's ticket office, excite the minds of many officials who gladly took out a piece of cake. And in this case, the protection of the state of a simple man from predatory and dangerous crypto-currencies, devastating the contents of his pockets, is not at all - ever more interesting evergreen crispy bills.

Regulation in different countries

The Crypto currency continues to be something with an uncertain legal status in most countries. At the same time, the most amusing is that in some countries the labels for digital coins are still hanging, but for some reason, some officials define crypto money as a commodity, but for some it is securities, and money substitutes, and do not understand that - everything try to zealously avoid the wording of "money", "currency" and "payment means".

In general, the governments of many powers continue to prepare bills and various regulatory acts to organize the process of regulation of the Crypto-currency. Surrenders it to them with different success:

• USA. Different services in their own way belong to crypto-currencies, for someone they are securities, for someone - goods. Unites officials in this country that crypto money for them is a dangerous means through which drugs are bought, weapons and terrorism are paid. The SEC is trying to actively regulate the market, which has ICO-projects and equates the sale of tokens to the sale of securities. At the end of 2017, even the first case of fraudulent token was initiated.
• Switzerland... Unlike other countries, the Swiss authorities recognize crypto as a foreign currency, and therefore do not impose VAT on it. In general, the state is considered the most favorable for cryptocurrencies and startups - even Buterin once settled here and founded a headquarters in Switzerland.
• Russia... The use of cryptocurrency in our country is not prohibited, but digital money has not yet acquired an official legal status, although developments are underway in this direction. Officials of different levels and departments make various statements about the crypt, draft laws and mechanisms to regulate the market are being prepared, they even talk about the national currency - the crypto-ruble - but so far it exists only in theory and it is not completely clear why such a ruble will be needed.

• Japan. The cue ball is recognized as legal tender in 2016 year. The issues of regulation of the crypt for this country are particularly acute, and here they are very serious about cryptonyms, because it was in its jurisdiction that the well-known exchange Mt.Gox, which screamed loudly and threw its customers to the sum of 650000 bitcoins.
• China. Individuals can, at their own peril and risk, perform operations with the crypt, but for legal entities it is strictly strictly prohibited. For this, the People's Bank of China will punish, exactly how the Chinese officials do not specify, but the market reacted to such news, and we all saw these fluctuations.
• Thailand. The Thai authorities have the most original position - for crypt operations it is necessary to obtain a license, in the issue of which the Bank of Thailand refuses. One of the local exchangers experienced the full power of local officials who banned the exchange of local currency for Bitcoinsexplaining this as an exchange for foreign currency. Then the Bank of Thailand changed his mind and clarified that the cue ball is not a foreign currency at all, and if customers later promise not to change the cue ball for foreign currencies, then it is still possible to buy a crypt.

• EU. Crypto currency and operations with it are exempt from taxes, including, when transactions do not need to pay VAT. This decision was taken by the European Court of Justice and recommends that the member countries of the union treat digital money in the same way.
• Croatia. Bitcoin is legalized, but you can not conduct sales transactions with it, so commercial objects can not legally accept payment in a crypto currency.

As we see, there is no certainty and uniform position in relation to digital money in any country, and these are not all the steps that will be further implemented in the direction of regulation. Therefore, you can expect anything, because uncertainty and a neutral position will not long dominate statesmen and very soon they will have to express an unequivocal point of view.  

What will happen to the crypto currency market in 2018?

The crypto-currency market is too popular, too much money attracted and grows very actively, and therefore no longer allows the authorities to close their eyes to what is happening. This is a small scale, with little involvement of users in this industry could not pay attention for many years. The last few years have changed a lot in the world of digital money, and therefore the moment has come when regulators are simply obliged to take a certain position.

Every year, the attention of the authorities to the crypto-currencies is growing, it was especially noticeable in 2017, and not always in a negative context - many positive news favorably affected the quotes. According to numerous opinions, 2018 year should be a turning point for crypto currency, because it is during this period that decisions will be taken that will have a significant impact on the digital economy. What they will be, we can only guess, one can only say that, as at the moment, there will be regions with a more favorable environment for the development of crypto-investments and start-ups and those for which the crypt will exist outside the law by going into the shadow regime.

In this situation, we just have to wait for the decision of the competent bodies. In any case, do not be afraid that someone, somewhere will prohibit the crypto currency and it will disappear from the face of the earth - this is simply impossible due to the technical features of digital money. Satoshi Nakamoto, developing the first crypto currency, it is exactly what she intended - independent, decentralized and not cooperating with the authorities and various regulators.

And since the crypto-revolution has already happened, progressive states that want to keep up with the times and develop their economies, and not retreat a century ago, simply do not have a choice. It remains for them not only to learn to coexist peacefully alongside crypto-currencies, but also to take them into service. What will prevail among regulators - rational thinking or fear of crypto-currencies - will show the time, at the present time, the actions of officials are like witch hunts, in which it is difficult to track any useful actions.