The attention of regulators is explained by high-profile court cases, which are actively covered in the media in 2018. Analysts are convinced that governments, which are trying to solve the problem, only aggravate it. The establishment of a more transparent relationship in the market will contribute to a balanced approach to taxation.
In 2018 there were more cases of:
- organization of pyramids;
- hacking cryptocurrency exchanges
In the first two months of 2018, 22 schemes were registered, the income of the creators amounted to 400 thousand USD. Losses from attacks on the cryptocurrency exchanges Coincheck, Bitconnect and Bitgrail were hundreds of millions dollars.
According to statistics, in 2018, 1.36 billion USD was stolen. Even if you take away the losses of large stock exchanges, the total figure exceeds 540 million. The activity of regulators can be understood – if the dynamics persists, 3.25 billion – the GDP of a small country will fall into the hands of swindlers by the end of 2018.
American officials are convinced that the market is in trouble because of iniquity. Decentralization disturbs many representatives of official structures, aware that the loss of levers of management will lead to sad consequences for themselves. But is it so terrible Wild West crypto, as it describes the Securities Commission?
In 2018 the media is increasingly replicating reports that the end of the correction will contribute to the emergence of institutional investors. Large players are constrained by the lack of financial instruments that are actively used in traditional trading.
The subject of special attention is still ICO industry. Members of the community begin to lean more about the idea that the introduction of clear rules in 2018 motivates investors to invest money in the market. Creation of tools on stock exchanges, facilitating the execution of large transactions for investors, will increase the overall capitalization.
Although the auctions on the exchanges have become subjects of steadfast interest on the part of officials, many are convinced that states and market players will receive more, refusing taxation of this sphere.
In the US legislation on the side of long-term investors – they pay significantly less deductions to the budget. But it’s one thing to hold the shares of Amazon for two years, and another to develop a project, the creators of which can escape with all the money.
With the advent of decentralized exchanges and expansion of the scope of use in 2018, operations with crypto-currencies will be virtually impossible to track. The tax authorities’ demands that investors pay with each operation, transferring the digital currency to Fiat, will lead to the popularization of Monero, Dash, Zen Cash and the market’s departure into the shadows.