Indian traders who were fearing and sold everything now will repent on their decision. Exchanges are introducing p2p platforms to cope this up and people who crying on the losses now on alts will cry one day for selling them on loss. Have patience guys crypto is not going anywhere.
One day we will say... remember the bear market of 2018... and then we will just laugh 😂😂
Bull #03
Full Conclusion of the European Parliament on Virtual Currencies (VCs) - Monetary Dialogue July 2018
TL;DR - The economists who attempt to dismiss the justifications for and importance of VCs, considering them as the inventions of “quacks and cranks”, a new incarnation of monetary utopia or mania, fraud or simply as a convenient instrument for money laundering, are mistaken. VCs respond to real market demand and, most likely, will remain with us for a while.
Policy makers and regulators should not ignore VCs, nor should they attempt to ban them. Both extreme approaches are incorrect. VCs should be treated by regulators as any other financial instrument, proportionally to their market importance, complexity, and associated risks. Given their global, trans-border character, it is recommended to harmonise such regulations across jurisdictions.
Investment in VCs should be taxed similarly to investment in other financial assets. Analysing the impact of VCs on monetary policy, the main question is whether they have the potential to compete with the sovereign currencies issued by central banks. Enthusiasts of private money and free banking are excited about such a prospect and hope to see it materialise.
In conclusion, One cannot rule out that future progress in the area of information technologies can bring even more transparent, safe, and easier to use variants of VCs. This might increase the chances for VCs to effectively compete with sovereign currencies, including the major ones.
http://www.europarl.europa.eu/cmsdata/149900/CASE_FINAL%20publication.pdf
Full Conclusion of the European Parliament on Virtual Currencies (VCs) - Monetary Dialogue July 2018
TL;DR - The economists who attempt to dismiss the justifications for and importance of VCs, considering them as the inventions of “quacks and cranks”, a new incarnation of monetary utopia or mania, fraud or simply as a convenient instrument for money laundering, are mistaken. VCs respond to real market demand and, most likely, will remain with us for a while.
Policy makers and regulators should not ignore VCs, nor should they attempt to ban them. Both extreme approaches are incorrect. VCs should be treated by regulators as any other financial instrument, proportionally to their market importance, complexity, and associated risks. Given their global, trans-border character, it is recommended to harmonise such regulations across jurisdictions.
Investment in VCs should be taxed similarly to investment in other financial assets. Analysing the impact of VCs on monetary policy, the main question is whether they have the potential to compete with the sovereign currencies issued by central banks. Enthusiasts of private money and free banking are excited about such a prospect and hope to see it materialise.
In conclusion, One cannot rule out that future progress in the area of information technologies can bring even more transparent, safe, and easier to use variants of VCs. This might increase the chances for VCs to effectively compete with sovereign currencies, including the major ones.
http://www.europarl.europa.eu/cmsdata/149900/CASE_FINAL%20publication.pdf