Bitcoin global regulation - page 13.

xIIImaL

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Quote from: ayiaye on April 09, 2018, 01:21:26 PM

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.

ayiaye

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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.

winterland

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Quote from: richardsNY on March 27, 2018, 06:54:35 PM

Quote from: winterland on March 27, 2018, 05:22:28 PM

The fact that they are not forbidding cryptocurrencies right now and that they even said they were not a threat it's true but that doesn't mean that is not going to change, what it is going to happen when bitcoin is used by hundreds of millions of people? At that point it will be a significant part of the economy and by then they will consider it a threat and they will take steps to try to block adoption.

It all depends on the exact type of usage, and how that translates into negative consequences for their own economy. I am quite certain that as long as people treat Bitcoin as an investment tool, or as store of value, governments won't have to do anything and can just happily look forward. Things will only form a problem when people are actually using Bitcoin to pay for things, get their salary paid out in Bitcoin, merchants and brick and mortar stores accept Bitcoin directly without having it converted to fiat by third party payment processors, etc. As long as fiat remains the primary means of exchange, the main currency, governments will just allow Bitcoin to grow further. I don't think it's coincidence that in the last years the traditional payment infrastructure has been improved significantly, where I also believe that it's just a matter of a few years before people will be able to transact from bank to bank instantly, where you now still depend on working hours/days. Bitcoin made them hurry up with implementing these changes enhancing people's overall experience.

Then I suppose that the only thing that we can do is to wait and see, I really think that in order for bitcoin to get that kind of adoption it needs to be used as a currency, if you think about it there are not many people that have savings or investments, many people are living paycheck to paycheck and if bitcoin is only an investment tool then we will never reach that amount of people using the bitcoin network.

danniwide1234

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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.

Whosdaddy

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Quote from: Dreamchaser21 on March 21, 2018, 04:56:24 PM

Quote from: Aleister Crowley on March 21, 2018, 04:05:38 PM

I do not think it will ever happen to bitcoin global regulation, because there will always be an incoherence between the rules of each state .. because bitcoin and crypto are the greatest opportunities for getting clappers, and that's what causes each country to have different rules about regulation bitcoin

Exactly, every country have their own belief about cryptocurrency but I think its good to have a global regulations so we can be more confident that they regulate cryptocurrency for the sake of both investors and a company. More countries will support this technology and I do hope G20 summit is the way to make that happen.

Every country will always do. Some will regulate, some will not but will also not bother about it, while some may not regulate, you will still be subject to capital gain tax and some will actually still stay adamant about it. I feel however that most countries will come around and in their own way, accept bitcoin and cryptocurrency for what they are rather than attacking it.

After some point of time, governments may start realizing the fact of no big differences they can find due to regulations of crypto currencies. Because regulations may give negative impact in short term but in long term it will help more people to adopt cryptos. Then people will start exchanging within themselves to avoid governments interventions.

barbara44

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Quote from: geopolisch on April 02, 2018, 05:56:16 AM

Quote from: Fantastic33 on March 28, 2018, 04:02:20 AM

Every country have their own regulation when it regards to cryptocurrency as to exhange, payment, etc. There's nothing we can do about that even if we knew that we can get a lot of benefit from it. I think they are just protecting their citizens from investing on fraud ICOs that may lead to financial risk.

I think they are doing well if they are securing their citizens’ future. Right now, definitely there are so many ICOs who are fake. People don’t know properly about some ICO and then start investing in it. While that one is making fraud against their money and then the person becomes loser without doing anything. So if governments are playing safe game that is better.

It is just the beginning and that it will surely take lot of time for things to settle down at time when you talk about anything related to that of the crypto currency or the crypto market. You need to wait and watch till the time things settle down in a proper way. You just need to do the right thing at the right time and that you need to play your part in helping this regulation of the bitcoin.

rickadone

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Quote from: geopolisch on April 02, 2018, 05:56:16 AM

I think they are doing well if they are securing their citizens’ future. Right now, definitely there are so many ICOs who are fake. People don’t know properly about some ICO and then start investing in it. While that one is making fraud against their money and then the person becomes loser without doing anything. So if governments are playing safe game that is better.

In fact, for ICOs sake and not to get the whole space polluted, it is something that is highly needed. As much as some may have a dislike for it, it is already apparent that for the sake of the future of cryptocurrency and to even move ahead and get going with growth, development and adoption, regulation is definitely a must but this will have to do with how each country stand to do their thing.

Quote from: ALOIS on March 30, 2018, 05:37:09 AM

If crypto-currencies are banned in some country, who prevents to go to another and make operations there? Now, while the legislation has not been fully developed, you can get a good profit, it will be more difficult in the near future.

Regulation would make nothing difficult. Apparently, each country may have their own form of regulations which probably would affect exchanges, but in the long run, this is something that we all know would not be a big issue since they will be benefiting from it as well. Also, we cannot see anything like a single global regulation, like I said; it will be limited to each and every country.

rhayot

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Obviously these countries gives definition of what is bitcoin for them. But to be recognized bitcoin as a part of global currency it will take a lot of time and effort, there are still countries who doesn't know about bitcoin and how it works. In line with that, we don't still need to worry because it is still a decentralized currency that no one can control it, it's just the government of each countries needs to utilize and understand what is bitcoin is all about, for us to develop and enhancing more the existence of it.

1Referee

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Quote from: richmcrich on April 04, 2018, 07:03:44 AM

Bitcoin is no doubt very much capable of becoming the global currency and that if it happens, then this will entirely change the economic system as well as the dynamics of this world.

Being capable of something is meaningless when the far majority of the people don't appreciate Bitcoin in that specific way. Global currency means a lot per definition, where the main thing is that Bitcoin has to be used by the mass as such, and as long as that isn't the case, governments will just sit back and let Bitcoin grow further, and I think we should be happy with that development.

If Bitcoin went ahead and became that superior peer to peer currency that people here want it to become, governments would have done everything they could to legally put a stop to it years ago already. The only reason governments allow Bitcoin to grow is because they don't consider it to be a direct threat to their financial system. Of course, there are always rotten countries who see everything as potential threat, and thus went ahead and prohibited the use and sale of crypto in their country, but these countries don't contribute anyway, so they won't be missed. That's why I always like to use the term or saying; be careful what you wish for. Once a solid regulatory framework has been set up to serve crypto, Bitcoin can still pop up as that currency, but for now it's better to keep things as they are.

richmcrich

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Quote from: Streamlink on March 30, 2018, 01:05:42 AM

Are you sure of the number two you said? I mean the one of identifying Bitcoin as a legal means of payment. You can say Japan did, but as for France I don’t know for sure, though I’m not really current. But I once read a news article that says the Governor of the Bank of France said Bitcoin is not to be accepted cause it is nothing, and it’s not a currency. And I don’t know why you didn’t mention the United States in this, well, just saying, cause I also heard that they are part of it. But whatever…

Bitcoin is no doubt very much capable of becoming the global currency and that if it happens, then this will entirely change the economic system as well as the dynamics of this world. However, this global regulation of the bitcoin is not that much easy thing as it seems to be. It will surely take lot of time and efforts and for that, you need to create a positive image of the bitcoin amongst others.

Thole99

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It will depend on the amount of regulation that is enforced, over regulating the crypto market would be a really bad idea, since it will drive a lot of people away.

NowYouAreSee

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80% ICO Scam, so in many countries they are forbidden to conduct them, because one of the tasks of the state is to protect their citizens from scoundrels.
As for the prohibition of crypto currency in general, I think that the ban itself should be perceived as a pause on the part of the state to develop an action plan.
Sorry for my english.

Seeker#9

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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.

Rizky Aditya

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Quote from: jostorres on March 29, 2018, 12:35:46 AM

Quote from: yurenchuang7125 on March 23, 2018, 09:41:59 PM

I don't think there will be global regulation of bitcoin or other cryptocurrencies.

Because some countries have declared bitcoin legal, there will always be disagreements between the rules of each country, and I think bitcoin will have a very good future.

I do think so that this thing will happen but this will definitely take lot of time for this world to understand the real picture of the bitcoin and other crypto currency. Most of the people still think of it as a scam and that they are not accepting it and are not even interested in investing of their money into it. With time, they will realize the worth of the crypto currencies and will surely stand for crypto currencies.

Bitcoin global regulation is the best thing to do and that if we managed to do so, then there will be likely chances of bitcoin to become the global currency as well because doing so will result in making lot more people aware of bitcoin and that they will then be investing their money into bitcoin as well. This will no doubt take lot of time and that lot of efforts are needed to be done as well to make things happen this way.

TTITA

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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).

Nice link reference https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory

I think many member here still far away to deep knowledge about Legality. Since the presence of Bitcoin, there were some countries easy welcoming on it. while others are still apathetic to change. The process is something that needs to be thru for Bitcoin can more globally accepted, see now how Thailand has changed their attitude to see this.

13abyknight

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Quote from: anzhanbei1214068 on March 18, 2018, 10:11:15 AM

-snip-

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.

geopolisch

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Quote from: Fantastic33 on March 28, 2018, 04:02:20 AM

Every country have their own regulation when it regards to cryptocurrency as to exhange, payment, etc. There's nothing we can do about that even if we knew that we can get a lot of benefit from it. I think they are just protecting their citizens from investing on fraud ICOs that may lead to financial risk.

I think they are doing well if they are securing their citizens’ future. Right now, definitely there are so many ICOs who are fake. People don’t know properly about some ICO and then start investing in it. While that one is making fraud against their money and then the person becomes loser without doing anything. So if governments are playing safe game that is better.

ALOIS

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If crypto-currencies are banned in some country, who prevents to go to another and make operations there? Now, while the legislation has not been fully developed, you can get a good profit, it will be more difficult in the near future.

serjent05

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Definitely, those who have seen Bitcoin potential and the market around them will accept it but as what each government shown, they have their ways on how to look at this opportunities. Some thought that this Bitcoin will be exploited by scam company so their first move is to block it until they have a better way of understanding and regulating it to at least keep their citizen away from these scam companies. I believe it is just a matter of time before all this cryptosphere is being regulated by the government, each country having their own set of rules.

Streamlink

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Are you sure of the number two you said? I mean the one of identifying Bitcoin as a legal means of payment. You can say Japan did, but as for France I don’t know for sure, though I’m not really current. But I once read a news article that says the Governor of the Bank of France said Bitcoin is not to be accepted cause it is nothing, and it’s not a currency. And I don’t know why you didn’t mention the United States in this, well, just saying, cause I also heard that they are part of it. But whatever…

Topic: Bitcoin global regulation - page 13. (Read 2781 times)