Bitcoin global regulation - page 10.

ausbit

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Quote from: katiecbell on May 02, 2018, 01:40:58 AM

Quote from: taxmanmt5 on April 29, 2018, 03:20:02 AM

Quote from: ?? on ??

What it would take for other countries to allow Bitcoin though, if currency is being primarily aimed and other government would just see it as an investment rather than a medium to pay expenses? Does it need to be more stable in price? I am quite happy that major countries supported these. Japan? They were the one that used Bitcoin to its fullest, so it is like a lock-in that Bitcoin is stable already there.

Too much change in the prices and too much volatility is another factor why people are not using it for mainstream payment method. Also all the governments at his moment wants to regulate bitcoin so that they may have some control over bitcoins and digital currency.
No matter what regulations they implement, bitcoin can't be controlled in the true sense.

Lack of the awareness regarding the crypto coins and having not that much of the money to go and make an investment in any of the digital coin are the few things which are not favoring most of the people and because of that, people are still unable to make some good decision.

It is just the matter of time which will settle down the things for all of us and that after some time, we will be able to see much better reputation of the crypto coins and more regulation in the entire world.

Things are not very well organized and that still there is no such kind of awareness campaign or anything like that which can help the people to understand this concept of the crypto currencies in a better way and that people are still confused and are reluctant in making this decision of investing their money into any of the crypto coin. Regulation of the crypto coins will surely work in the favor of the crypto coins and will help them in having a better reputation.

ayiaye

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hopefully this G20 summit will be the bright spot of bitcoin, which brings a positive trend in cryptoworld. considering all this time, bitcoin is being attacked by negative news, which affects bitcoin prices. and hopefully, bitcoin can also be accepted by the whole country, to be more trusted by everyone. also, can be a guarantee for someone, to be able to achieve his dream in the future, to succeed. because I know, the price of bitcoin is very high, just imagine, if bitcoin is acceptable in the world, maybe bitcoin price becomes higher than now. then, support bitcoin. spirit!

aencarnaci

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Quote from: almersyn on April 30, 2018, 08:04:19 PM

please note that each country has a digital currency related policy or also called bitcoin. For example in my country the government still mengokgap illegal digital currency or bitcoin because it is reasoned bitcoin the currency used by hackers to launch crime in cyberspace

This is just the beginning of an era of the crypto currencies and that things are not that much well organized and well established as they need to be and that the government is not also very much interested in taking any constructive step to promote the crypto coins in their countries. It is just a matter of time and that after some time, most of the crypto currencies will surely prove out their worth and they will help in making the economy stronger.

CrazeCoinz

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Quote from: Seeker#9 on April 03, 2018, 05:45:05 AM

The outcome of the next G20 summit on July will determine the future of regulation for cryptocurrencies. If the member countries agrees on creating a global regulation for cryptocurrencies then other countries that banned virtual currencies and coin exchanges might follow later. Instead of having many different regulations, it will be unified under single internationa regulation.

I'm hoping that the G20 summit will come out with a good global regulation that will use globally it can be applicable to ICOs, exchangers, and government sides.

Alpinat

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In your statement there are some of them that are now facts and nothing to do with. But Global Regulation Will be difficult for bitcoin because it is decentralized and so many people out there still don't know what bitcoin is. In the future it can be but for now it just can't happen.

Silberman

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Quote from: ?? on ??

What it would take for other countries to allow Bitcoin though, if currency is being primarily aimed and other government would just see it as an investment rather than a medium to pay expenses? Does it need to be more stable in price? I am quite happy that major countries supported these. Japan? They were the one that used Bitcoin to its fullest, so it is like a lock-in that Bitcoin is stable already there.

Governments most of the time only care about two things power and money, right now they are not very happy with bitcoin because they feel that they are losing power because of it, but if in the future they lose power because of their own ineptitude to manage their economies it is possible that at that point they will prefer to get more money in taxes and accepting bitcoin and regulating it could be good business.

Dancobit

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Many countries around the world, especially Asia, are busy installing their respective rules regarding the use of Bitcoin and other virtual currencies. Different regulations in each of these countries actually generate a polemic. Owners who are not allowed to use Bitcoin in their country, will look for other ways such as crossing into neighboring countries that have more friendly rules. It is considered inefficient.

Yesterday, representatives of the German Central Bank expressed his opinion regarding regulation. Any attempt to set cryptocurrencies such as Bitcoin should be set on a global scale because national or regional regulations will be difficult to apply in communities indefinitely.

katiecbell

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Quote from: taxmanmt5 on April 29, 2018, 03:20:02 AM

Quote from: ?? on ??

What it would take for other countries to allow Bitcoin though, if currency is being primarily aimed and other government would just see it as an investment rather than a medium to pay expenses? Does it need to be more stable in price? I am quite happy that major countries supported these. Japan? They were the one that used Bitcoin to its fullest, so it is like a lock-in that Bitcoin is stable already there.

Too much change in the prices and too much volatility is another factor why people are not using it for mainstream payment method. Also all the governments at his moment wants to regulate bitcoin so that they may have some control over bitcoins and digital currency.
No matter what regulations they implement, bitcoin can't be controlled in the true sense.

Lack of the awareness regarding the crypto coins and having not that much of the money to go and make an investment in any of the digital coin are the few things which are not favoring most of the people and because of that, people are still unable to make some good decision.

It is just the matter of time which will settle down the things for all of us and that after some time, we will be able to see much better reputation of the crypto coins and more regulation in the entire world.

Johnyz

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Quote from: almersyn on April 30, 2018, 08:04:19 PM

please note that each country has a digital currency related policy or also called bitcoin. For example in my country the government still mengokgap illegal digital currency or bitcoin because it is reasoned bitcoin the currency used by hackers to launch crime in cyberspace

Well, not all country are making move with regards to cryptocurrency some are just neutral about this technology. Regulations will be done in the future and it will help us to move forward. I hope for a good result of every regulation because at the end of the day we need this kind of technology.

suzanne5223

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Quote from: rickadone on May 01, 2018, 12:34:23 PM

Quote from: wandino on April 26, 2018, 06:03:19 AM

A few have banned outright but with most countries its a grey area since it doesn't have solid regulation about its legality.

Yeah, I guess that would be more of the advantages it would bring anyway. I still wonder why a lot of people are against regulation since it does not really affect anyone in anyway except for those who are going to be doing some fiat related exchange with bitcoin. KYC would become a norm in most exchanges like we already have in most of the US based exchanges and this is just a way for government to monitor some shady movements anyway and it changes nothing with our normal P2P way of transacting.

You're right but something like that also have disadvantages cause it also make the customers or exchange users vulnerable because any of the exchange official can sell their customers tangible info to theft. With that aside, I think it will better more preferable if the government of each countries told every ICO owner to registered their ICO or project before any pre-Sale and public sale.

rickadone

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Quote from: wandino on April 26, 2018, 06:03:19 AM

A few have banned outright but with most countries its a grey area since it doesn't have solid regulation about its legality.

Yeah, I guess that would be more of the advantages it would bring anyway. I still wonder why a lot of people are against regulation since it does not really affect anyone in anyway except for those who are going to be doing some fiat related exchange with bitcoin. KYC would become a norm in most exchanges like we already have in most of the US based exchanges and this is just a way for government to monitor some shady movements anyway and it changes nothing with our normal P2P way of transacting.

almersyn

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please note that each country has a digital currency related policy or also called bitcoin. For example in my country the government still mengokgap illegal digital currency or bitcoin because it is reasoned bitcoin the currency used by hackers to launch crime in cyberspace

naidray

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Quote from: berfanaf on April 21, 2018, 02:10:19 AM

Quote from: gunhell16 on April 18, 2018, 05:18:46 AM

There is no global rules that every country in this earth is the same!
Countries can't go peaceful with each and every country.
This is an issue years and decades ago. then a global regulation with bitcoin? how can they do that with out peace talks?

I also admit that there are no rules for bitcoin regulation in the world. Bitcoin is decentralized and everyone is free to buy, sell or use his bitcoin as he wants. Regulations are even not possible in a single community how it is possible globally. I am not in favor of regulation because I want to use my bitcoin according to my well, needs and desires. I need no regulations.

That is obviously not what regulation is changing. As long as the protocol is not changed, bitcoin will still remain decentralized. Regulation is mainly going to be affecting the fiat based exchanges and those who of course may be looking to do some fiat to bitcoin exchanges will have to be subject to those forms of regulations.

Nothing stops you from doing your P2P transaction and we all know this is not going to be affected by regulation in anyway as wallet addresses is not tagged to any name unless you are using an exchange wallet that is subject to regulation and in that case you will be fine. However, I feel regulation will help clean up the space a bit and it is a way for the government to eliminate any illegalities.

taxmanmt5

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Quote from: ?? on ??

What it would take for other countries to allow Bitcoin though, if currency is being primarily aimed and other government would just see it as an investment rather than a medium to pay expenses? Does it need to be more stable in price? I am quite happy that major countries supported these. Japan? They were the one that used Bitcoin to its fullest, so it is like a lock-in that Bitcoin is stable already there.

Too much change in the prices and too much volatility is another factor why people are not using it for mainstream payment method. Also all the governments at his moment wants to regulate bitcoin so that they may have some control over bitcoins and digital currency.
No matter what regulations they implement, bitcoin can't be controlled in the true sense.

Sanjeewa101

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Indian Govt does not like crypto transactions, Also they do not identify blockchain technology power
China banned ICO's But Govt help for Blockchain innovations.
USA and UK not very like to crypto and going to hard regulation
South Koria, Japan, Singapore, Austrailia positive idea about crypto

A7373

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Quote from: Aandosq1 on March 21, 2018, 04:31:30 PM

Quote from: SFR10 on March 18, 2018, 11:42:00 PM

Since you mentioned "global regulation" in the title, the following link provides more in-depth information (Legality of bitcoin by country or territory).

It's worth adding it to the OP (as a link).

yes sir, now bitcoin prices started to fall in the Indonesian marketplace all that must be a change

People need to understand that regulation crypto-currency is a thing, essential for us. But it is also necessary to understand in which direction this regulation will pass!

Silberman

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Quote from: seven2smoke1 on April 26, 2018, 05:36:11 PM

Quote from: jrrsparkles on April 26, 2018, 02:56:09 AM

Regulating the bitcoin globally will help more people to use bitcoin without any fear but how it will become possible because different countries have different think about bitcoin so all the countries don't take similar discussions.But we don't need regulations now and it is only for the countries welfare it does nothing for investors.

That's absolutely true, I don't think that regulating bitcoin globally will be done, as there is a lot of countries around the world and all of them haven't the same idea/discussions about and cryptocurrencies in general, Maybe it will be regulated in some countries with differents ways. I really think if bitcoin will be free like that without any regulation, bitcoin will be more powerful, because it is too strong, but when it will be regulated, some rules will affect bitcoin.

While right now every country is creating their own policy towards bitcoin we cannot be overconfident that this is going to remain that way, if bitcoin really becomes adopted worldwide as we expected I'm pretty sure that governments around the world will put their differences aside and will create a world regulation to try to stop that adoption but due to the nature of bitcoin that will fail.

Agathai

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In my opinion, in the future - maybe the government has a strong impact on the crypto and bitcoin market with certain uncertainties about volatility or value. However, there are no rules governing the management or holding of bitcoin and crypto operations.

el kaka22

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Quote from: ?? on ??

What it would take for other countries to allow Bitcoin though, if currency is being primarily aimed and other government would just see it as an investment rather than a medium to pay expenses? Does it need to be more stable in price? I am quite happy that major countries supported these. Japan? They were the one that used Bitcoin to its fullest, so it is like a lock-in that Bitcoin is stable already there.

By stability I want to assume you are referring to well established. Actually this is something we will get to see with bitcoin being regulated in most places, Still we cannot have one single global regulation as each country will definitely come up with their own form of regulation and how they wish to go about it and some others will just be silent on it as it is already. Whichever way though, regulation by some of those in the top developed countries will bring trust and maturity into the system.

Quote from: Visbay on April 20, 2018, 01:41:45 AM

Hopeful this positive trend will be introduced to the bitcoin soon, we will see the regulation of bitcoin in future but a bit time will be taken, slowly gradually bitcoin will become famous d it will be legal.

First, bitcoin is not being regulated everywhere as you have said. I believe there are so many countries that are actually not officially regulating it yet while just few are. Comparing the number of those who have just been silent on the whole thing, I believe they are more than those who are even condemning it. The thing with regulation for sure is that it would bring in new level of growth as we get to see more potential investors coming in.

seven2smoke1

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Quote from: jrrsparkles on April 26, 2018, 02:56:09 AM

Regulating the bitcoin globally will help more people to use bitcoin without any fear but how it will become possible because different countries have different think about bitcoin so all the countries don't take similar discussions.But we don't need regulations now and it is only for the countries welfare it does nothing for investors.

That's absolutely true, I don't think that regulating bitcoin globally will be done, as there is a lot of countries around the world and all of them haven't the same idea/discussions about and cryptocurrencies in general, Maybe it will be regulated in some countries with differents ways. I really think if bitcoin will be free like that without any regulation, bitcoin will be more powerful, because it is too strong, but when it will be regulated, some rules will affect bitcoin.

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