So, regulators are suggesting banks need to lay out their crypto holdings by 2025. Guess they want to make everything more transparent for investors... interesting move.
Proposed Crypto Regulations for Banks in 2025
7 replies 75 views
Absolutely! But tbh, this just means we should keep our crypto off of banks and CEXs. Don't wanna hand them more power, right?
its_walletMember
Posts: 147 · Reputation: 161
#3Nov 8, 2021, 02:42 AM
Totally agree. If regular folks have to report their gains, why shouldn't banks? Seems fair to me. Transparency is key, after all.
CryptoRocketNewbie
Posts: 172 · Reputation: 24
#4Nov 8, 2021, 07:38 AM
Right? This could legitimize crypto even more. Plus, it keeps the banking sector in check while they dabble in crypto. But it’s just a proposal for now, so let’s see.
In Russia, it's super easy. You can open a brokerage account in no time, and brokers handle all the taxes. But I've heard in the US and Europe it’s a pain with complicated forms. The banks profit from more crypto trading, but only if they control the assets.
True, we really don’t know how much crypto banks have, if anything. This proposal might shed some light. It’s about time we know what’s up with their holdings.
Wait a sec. How can you tell if the blockchain is being manipulated? Is it really possible to hide shady transactions there? I wanna know how transparent it is.
Yeah, dirty coins can be a problem. Once they hit a custodial service, they're usually blocked. Just gotta be careful and buy from licensed exchanges if you want to stay safe.
Related topics
- UK's FCA Cracks Down on Crypto Activity 4
- Zug Embraces Crypto for Tax Payments: What’s the Impact? 12
- Robinhood Faces SEC Scrutiny Over Crypto Assets 2
- Belarus' New Crypto Banking Framework: What It Means for Us 21
- New Report on Crypto Asset Ownership in the UK 0
- Best crypto tax calculator for Sweden: Divly or Koinly? 2