For the government, the issuance of legal tender allows the government to complete its control of the financial world and to make a big profit from it.
Although the government can control the legal tender, they usually cannot control the cryptocurrency. Naturally, the government will introduce various policies to regulate it.
They cannot control the cryptocurrency. Encrypted money is safer, cheaper and more private, and once the average person on the street is aware of it, it is less likely to stop the rise of cryptocurrencies.
Topic: Bitcoin global regulation - page 12. (Read 2773 times)
bitcoin is not tied to any party, nobody can control the bitcoin currency because it is global, so how does global regulation work?
Watching this currency, I can confidently say that it has many enemies like banks and a sufficient number of alternative currencies like Ripple is where the currency is more than bitcoin and it has many disadvantages, such as speed and a large price, and this will continue to grow, banks will play it by raising the price of the issue,
I do not believe that such a powerful organization can not defeat the bitcoin
Yes that is right that currently bitcoin is facing a lot of issues, but hope that bitcoin will become succeeded and will surely overcome all these challenges, bitcoin is the currency of the new era and it will exist for a long long time and no such power can disappear bitcoin, In fact the use of bitcoin is currently increasing from time to time more people are getting knowledge about bitcoin which is making it more stronger. I do not believe that such a powerful organization can not defeat the bitcoin
Watching this currency, I can confidently say that it has many enemies like banks and a sufficient number of alternative currencies like Ripple is where the currency is more than bitcoin and it has many disadvantages, such as speed and a large price, and this will continue to grow, banks will play it by raising the price of the issue,
I do not believe that such a powerful organization can not defeat the bitcoin
I do not believe that such a powerful organization can not defeat the bitcoin
Bitcoin global regulation has a lot of conflict of interest between the governments of each country around the world. That's why those countries that you've mentioned some of them are open to legalize it and some of them are not, they already blocked the bitcoin in their country. Obviously, it is all about the economic and financial growth of a certain country, there are advantages and disadvantages that may affect when they implement bitcoin.
I wonder how countries can regulate something that is entirely anonymous and a decentralized system. I think they can put a fee when your converting your crypto currency to fiat. But that's basically it they can't trace someone when he/she sends large amount of money to someone. So putting regulations can be rubbish.
Countries are not regulating the coins or the decentralized system as it is, they are regulating the centralized system such as exchanges and ICOs as well as some other activities that pertains to it. There will definitely be set out rules for the citizens of any of these countries with respect to participating in anything as well as for the exchanges that will run as well as their users, and the ICOs as well but that does not change the decentralized environment itself.Bitcoin regulation is literally impossible even for country level hence the concern of OP about global regulation is definitely impossible for ever. They may regulate bitcoin ATMs/bitcoin debit card providers and crupto exchanges but definitely not the users or system of crypto-currencies.
All of them can say that bitcoin transactions are illegal because they have no research at all. They are only saying that because the transactions of bitcoins are anonymous process which means untraceable and they doesn't want that.
Well everyone want bitcoin no matter what the condition of bitcoin is over there but the only thing they love the most is bitcoin itself, for me as well bitcoin is good choice and it will always be the best choice, bitcoin has anonymous currency but even then people invest and like bitcoin in my county there are 50% chances to hear the good news about bitcoin regulation, same as Japan and Korean government. I heartily want bitcoin to be regular same as the global acceptance and the popularity.
Bitcoin regulation among governments and countries are having a bit of delays and circumstances,
some take less time and others are still uncertain about it. Now a global regulation on bitcoins sounds
a bit over the top, it's unlikely to happen. Each country is free to decide, if one opposes then how can
such a feat be achieved. It's a totalitarian kind of rule, heavily monopolized for sure since the only
way for it to be globally regulated is for a single governing rule. That kind of thing creates problems
after problems, there's no such things as global regulation for bitcoins its the same thing as global
centralization of currencies. It's a conflict of interest.
some take less time and others are still uncertain about it. Now a global regulation on bitcoins sounds
a bit over the top, it's unlikely to happen. Each country is free to decide, if one opposes then how can
such a feat be achieved. It's a totalitarian kind of rule, heavily monopolized for sure since the only
way for it to be globally regulated is for a single governing rule. That kind of thing creates problems
after problems, there's no such things as global regulation for bitcoins its the same thing as global
centralization of currencies. It's a conflict of interest.
-snip-
Clearly identified as legal means of payment: France, Japan.
-snip-
Japan: embracing reform, licensing, and overall regulation.
Japan, as an innovator in this reform, has been on the cutting edge.
Japan, in fact will always be. I wonder how regulated it is right or should I ask, "how established cryptos are now at Japan?" Japan is really that country that always have been running in this technological advancements globally. Not just for the entertainment, but also for finance system which millenials wouldn't be so proud on promoting it mostly. It is quite sad that not all countries can't catch up to Japan at least few inches away. Worse is bans happen in cryptos which isn't really that fatal to crypto and it might be reverted back to legal state, but it is slowing down adoption. That's the point.
All of them can say that bitcoin transactions are illegal because they have no research at all. They are only saying that because the transactions of bitcoins are anonymous process which means untraceable and they doesn't want that.
At this very moment, when the overall market of the crypto currencies and bitcoin specially is very much low and that most of the investors have already done panic selling, this global regulation of the bitcoin is very much necessary thing as this will surely help the bitcoin market to be little better and that this will also help in gaining the confidence of the ones who have invested their money into it.
Regulation is only going to usher in bigger players who will feel a little bit secured but that would still not change the advantage some of these bigger players will have in the market. Also, there will be some restrictions on exchanges anyway, so we can just expect that things may get better with regulation and moving forward as well. The confidence for investors is one thing that I am sure will get boosted anyway and we may see the era of being ushered into the mainstream.All human activities must be regulated, but in this case we forget that the rules are already there: those defined by the software.
Putting external rules will only create confusion.
External rules are just there to curtail some certain things and it is not like the main protocol of anything will be changed. I believe regulation will always be on the country level and for some of the companies operational in those countries, and that would bring some level of sanity to the whole cryptocurrency environment considering how things will be done and some level of illegal activities will be curbed such as scam most especially. Putting external rules will only create confusion.
Different regulations in each of these countries actually generate a polemic. However, making global regulation seems to be the only solution to solve this cryptocurrency problem. The G20 plan will also make the virtual currency the main focus of the upcoming conference.
How can a global regulation even occur when we have each country for itself ? I believe every single country will just have to come up with her own regulation on the way forward rather than having to stick with one single regulation which I absolutely feel would work more for the cryptocurrency space.Plus, having one single regulation may not even work well for some and may be in favor of other countries implementing it, and since we have a lot of independent countries and a decentralized space, it cannot work that way.
All human activities must be regulated, but in this case we forget that the rules are already there: those defined by the software.
Putting external rules will only create confusion.
Putting external rules will only create confusion.
Yes putting more regulation on something will create a bad bad thought in that but it is not a big thing in bitcoin or crypto currencies so will create a regulation is right but putting more thing is not so good .
As in, it is definitely impossible to impose a global 'one for all' set of regulations on Bitcoin or cryptocurrencies in general. While each country preps up to take its own stance against this, there is literally no sign of a united decision anywhere. Ultimately, it is left to hands of the concerned governments to do what they think is necessary for the country rather than entertaining something which could hinder the economy.
Highly impossible. Most countries today are independent, and stand based on their own policies and regulation and even though we have some international monetary policies, having a global regulation on cryptocurrency is something that would not work most especially since it is highly decentralized. As long as each country is convenient with the idea, they will just come up with regulation policies unless they only want to borrow a cue from others.Yeah, and if we take a look at most of the countries who really do not see it as a threat, they are still doing pretty fine and adoption is increasing here. Sure, we may get to see some huge global level of regulation, but coming as one body to regulate is not going to be possible. However, I believe with the way things are going, every country will start seeing how they can regulate and possibly benefit from the whole idea.
All human activities must be regulated, but in this case we forget that the rules are already there: those defined by the software.
Putting external rules will only create confusion.
Putting external rules will only create confusion.
With the way the trend is going it will takes a long time for the their to be a general consensus by the countries of the world to accept bitcoin as a legal means of payment and have a common regulation policy that will direct the affairs of bitcoin and other cryptocurrency. I believe it can happen and when it does bitcoin and other cryptocurrency as we known it would have truly revolutionize the world.
At this very moment, when the overall market of the crypto currencies and bitcoin specially is very much low and that most of the investors have already done panic selling, this global regulation of the bitcoin is very much necessary thing as this will surely help the bitcoin market to be little better and that this will also help in gaining the confidence of the ones who have invested their money into it. 
I wonder how countries can regulate something that is entirely anonymous and a decentralized system. I think they can put a fee when your converting your crypto currency to fiat. But that's basically it they can't trace someone when he/she sends large amount of money to someone. So putting regulations can be rubbish.
Different regulations in each of these countries actually generate a polemic. However, making global regulation seems to be the only solution to solve this cryptocurrency problem. The G20 plan will also make the virtual currency the main focus of the upcoming conference.
I've heard about this bitcoin global regulation some time ago, after the G20. this is a bright spot for bitcoin, since so far there has been a lot of negative news about cryptocurrency such as facebook and google banned cryptocurrency ads that have a bad impact on bitcoin prices. hopefully this global rule will be positive news and many countries support so bitcoin is much higher level.
I do not know is this alone a promotion medium for the crypto users. Here millions of users in this forum and since we all here anonymously we may not who is the investors here and then who is normal person. Hope there is no negative true news has been happening in the market.
If any government added little regulations for the betterment and safety for the citizens.
Every media and other shits sharing the fake news with the overwhelming answers.
I've heard about this bitcoin global regulation some time ago, after the G20. this is a bright spot for bitcoin, since so far there has been a lot of negative news about cryptocurrency such as facebook and google banned cryptocurrency ads that have a bad impact on bitcoin prices. hopefully this global rule will be positive news and many countries support so bitcoin is much higher level.
I do not know is this alone a promotion medium for the crypto users. Here millions of users in this forum and since we all here anonymously we may not who is the investors here and then who is normal person. Hope there is no negative true news has been happening in the market.
If any government added little regulations for the betterment and safety for the citizens.
Every media and other shits sharing the fake news with the overwhelming answers.
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