Proposed Crypto Regulations for Banks in 2025

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planktonHero Member
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#1Nov 7, 2021, 06:36 PM
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.
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gwei2019Hero Member
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#2Nov 8, 2021, 12:28 AM
Absolutely! But tbh, this just means we should keep our crypto off of banks and CEXs. Don't wanna hand them more power, right?
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#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.
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#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.
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planktonHero Member
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#5Nov 8, 2021, 08:59 AM
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.
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1t5_satNewbie
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#6Nov 8, 2021, 11:24 AM
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.
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grimatlasNewbie
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#7Nov 9, 2021, 09:50 PM
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.
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planktonHero Member
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#8Nov 10, 2021, 12:30 AM
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.
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