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Topic: Bitcoin global regulation - page 9. (Read 2781 times)

hero member
Activity: 998
Merit: 504
June 06, 2018, 01:22:22 AM
There is no reason to say that Bitcoin is a global currency. Bitcoin is currently being used in most countries of the world. But Bitcoin is not valid in all countries, some countries have banned it. Yet, the use and control of Bitcoin is growing worldwide. Russia, Japan, Germany, South Korea, France, America, and many countries including Bitcoin have much to use and control.
Bitcoin is no doubt being used by so many people living at different places of the world but the fact is still, you can’t say bitcoin as the global currency as none of the government of any of the county has so far declared it as a legal currency which is the most basic condition for the bitcoin to be the global currency. It needs a lot of time for things to be this much good and that we need to stay patient by then.
sr. member
Activity: 1236
Merit: 252
June 05, 2018, 05:30:28 PM
Define bitcoin as currency: Australia, Sweden.

It is clear that bitcoin transactions are illegal: Indonesia, Bangladesh, Bolivia, Ecuador and kyrgyzstan.

Clearly identified as legal means of payment: France, Japan.

Specific economic activities related to bitcoin: UK, Germany, France, Finland, Norway, Russia, Singapore, Israel.

The first country to recognize the legal status of bitcoin: Germany.

The first country to block bitcoin: Thailand (now a changed attitude)

ICO's country: China, South Korea.

Countries with positive attitudes to ICO: Russia, France.


Japan: embracing reform, licensing, and overall regulation.

Japan, as an innovator in this reform, has been on the cutting edge.

This would help really a lot. Such bad things on using crypto would got no more place to exist and the good way would stand out. Regulating users would probably changes a lot of things it may be for a price that would hike soon as its gets regulated or the worst if it turns out to drop. Making money needs to be regulated because making money attracts people to do some unneccessary things just to have bulk on their rather than having it little by little in a good way.
I know it is going to be the best thing in the history of crypto currency, and no one is forbidding crypto currency right now. It is not only a news or a threat but it is true in actual this news is gonna change the whole market cap. Regulation of bitcoin is such nice thing, bitcoin will be regulated all over the world and globally as millions of people are helping it to be famous worldwide and throughout the world, gradually government is taking interest in crypto currency, so I am really in wish to see bitcoin transaction legal globally.
member
Activity: 448
Merit: 10
June 05, 2018, 02:29:07 PM
Globally it look like, when you not push bitcoin in goverments money you are - good boy.  Cool

In other situations you must know about many different tax law, that's other  Huh in each country.

At nowaday i don't know portal what give good knows about global regulation of bitcoin and crypto.  
Your all points are informative and useful for us to know you are right to make it regular we should first notice the worth of bitcoin in that country . if government of almost all counties will combine together it am sure they will make bitcoin universal regular currency and this way we will become able to get more profit from bitcoin. I think every country should announce bitcoin regular for better economical state it is all about the fine interest of users and the investors,
full member
Activity: 686
Merit: 108
June 05, 2018, 02:10:26 AM
But Bitcoin is not valid in all countries, some countries have banned it.
Valid according to who, governments not wanting you to enjoy financial freedom? If you accept Bitcoin, regardless of the laws in your country, it's valid.
Well, it can be valid but its still illegal and prohibited in some countries since they feel being threatened by bitcoin and this is why government are taking action to banned bitcoin.

Can bitcoin ever be accepted globally and how would that affect the financial sector?
It is still possible for cryptocurrency to be recognized around the world but it takes time, maybe in the future we can freely enjoy this kind of technology.
member
Activity: 332
Merit: 12
June 05, 2018, 12:44:05 AM
Can bitcoin ever be accepted globally and how would that affect the financial sector?
It is just a matter of time as bitcoin and the rest of the crypto currencies will prove their worth in the future as the number of investors who are willing to invest a portion of their income into the crypto currencies is increasing and that we can really hope that things will then turn in favor of the crypto currencies. if this thing happens, then this will affect the economic condition of the entire world in much better way.
legendary
Activity: 2170
Merit: 1427
June 04, 2018, 08:31:17 AM
But Bitcoin is not valid in all countries, some countries have banned it.
Valid according to who, governments not wanting you to enjoy financial freedom? If you accept Bitcoin, regardless of the laws in your country, it's valid.

Yet, the use and control of Bitcoin is growing worldwide. Russia, Japan, Germany, South Korea, France, America, and many countries including Bitcoin have much to use and control.
Control is a relative term. Regulations only reach the centralized part of this market, which isn't a big deal since no one is being forced to use any service within that centralized circle. People have actually started to move away from anything that's centralized due to regulations, so as always, it's action equals opposite reaction. Bitcoin allows people and businesses to counter everything the government forces through, which wasn't possible before. Smiley
sr. member
Activity: 658
Merit: 274
Wish for the rain? Then deal with the mud too.
June 04, 2018, 06:36:16 AM
Define bitcoin as currency: Australia, Sweden.

It is clear that bitcoin transactions are illegal: Indonesia, Bangladesh, Bolivia, Ecuador and kyrgyzstan.

Clearly identified as legal means of payment: France, Japan.

Specific economic activities related to bitcoin: UK, Germany, France, Finland, Norway, Russia, Singapore, Israel.

The first country to recognize the legal status of bitcoin: Germany.

The first country to block bitcoin: Thailand (now a changed attitude)

ICO's country: China, South Korea.

Countries with positive attitudes to ICO: Russia, France.


Japan: embracing reform, licensing, and overall regulation.

Japan, as an innovator in this reform, has been on the cutting edge.

This would help really a lot. Such bad things on using crypto would got no more place to exist and the good way would stand out. Regulating users would probably changes a lot of things it may be for a price that would hike soon as its gets regulated or the worst if it turns out to drop. Making money needs to be regulated because making money attracts people to do some unneccessary things just to have bulk on their rather than having it little by little in a good way.
jr. member
Activity: 210
Merit: 1
June 04, 2018, 06:03:34 AM
There is no reason to say that Bitcoin is a global currency. Bitcoin is currently being used in most countries of the world. But Bitcoin is not valid in all countries, some countries have banned it. Yet, the use and control of Bitcoin is growing worldwide. Russia, Japan, Germany, South Korea, France, America, and many countries including Bitcoin have much to use and control.
newbie
Activity: 154
Merit: 0
June 02, 2018, 07:09:05 PM
Globally it look like, when you not push bitcoin in goverments money you are - good boy.  Cool

In other situations you must know about many different tax law, that's other  Huh in each country.

At nowaday i don't know portal what give good knows about global regulation of bitcoin and crypto.  
newbie
Activity: 126
Merit: 0
June 02, 2018, 09:30:23 AM
Can bitcoin ever be accepted globally and how would that affect the financial sector?
jr. member
Activity: 252
Merit: 4
June 02, 2018, 08:41:50 AM
It would be a while before bitcoin and other crypto currencies can be regulated globally.

Only a couple of countries have acknowledged crypto. For now it is not under financial regulations and taxations, which has its advantages and disadvantages.
member
Activity: 168
Merit: 10
June 01, 2018, 05:08:19 AM
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.
legendary
Activity: 2716
Merit: 1383
May 15, 2018, 02:38:03 PM
Global regulation would revolutionize bitcoin as we know it, making it an accepted currency for trading. It would favour the top dealers generally, but with tax reforms e.t.c... Some would lose out.
Traders are already investing in bitcoin to earn money even with the very low amount of regulation that we have, also bitcoin is already an accepted currency for trading you only need to look at any exchange and the huge volume that they have, regulation is not meant to help bitcoin, governments are going to try to impose regulation in order to control the market but no matter what they do they will never be able to completely control it.
hero member
Activity: 924
Merit: 512
May 14, 2018, 03:24:31 PM
Global regulation would revolutionize bitcoin as we know it, making it an accepted currency for trading. It would favour the top dealers generally, but with tax reforms e.t.c... Some would lose out.

Bitcoin is not a centralized crypto currency to see the coin regulated as whatever they want mate. If the bitcoin is been regulated also they can do until the coin has comes to the trading site which is based on the country you part of it.
If you use exchange like localbitcoins to change the bitcoin into fiat cash then how it is possible with the regulation nothing works dude.
Do not share the ID documents with  the trader if they requested to share with them. Instead of you check with someone who is not looking for the ID verification.
jr. member
Activity: 252
Merit: 4
May 14, 2018, 12:41:29 PM
Global regulation would revolutionize bitcoin as we know it, making it an accepted currency for trading. It would favour the top dealers generally, but with tax reforms e.t.c... Some would lose out.
member
Activity: 280
Merit: 10
May 13, 2018, 04:06:57 AM
I think bitcoin global regulation may fail to make any official office of bitcoin Bitcoin is the most powerful decentralized currency in digital world and every one like to work on this blockchain technology Bitcoin demand and need is increasing and it is also attached with bank accounts in developed countries and allow you to take any financial action by using bitcoin and the time to close when bitcoin will considered as an official currency in future,
full member
Activity: 420
Merit: 171
May 07, 2018, 06:45:06 PM
This is somewhat an idea which would be like the most of the common user of crypto but to whales this is not a good idea, if you are regulating some thing then you should hover all of the information regarding to transaction and the blockchain will be widely open, whales doesn't support the way that clearer transparency should be regulated. We are decentralized, but there are countries working it to be centralized.
hero member
Activity: 2310
Merit: 532
DGbet.fun - Crypto Sportsbook
May 07, 2018, 06:36:08 PM
Bitcoin global regulation in an unified manner might take place when the bitcoin gains good support from the governments functioning around the world. In specific when there is a global regulation, automatically the price will increase due to the increased demand from the common people. Similarly it might also begin to function as a centralized system.
legendary
Activity: 2716
Merit: 1383
May 07, 2018, 06:32:25 PM
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.
It is true, that the changing nature of the price of bitcoin makes it very difficult to use it as a mainstream payment method, but to me this is something that we will learn to eventually get used to, I know a lot of people are scared of using bitcoin because if they buy bitcoin with their fiat a few hours later they could have less money, that is why I think many people are just going to buy bitcoin and will immediately use it to avoid the volatility of the market.
sr. member
Activity: 889
Merit: 253
May 06, 2018, 02:15:49 PM
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.
This is just the start of the crypto currencies era and that it will surely take lot of time for things to be settled down completely and to make some better reputation of the bitcoin and the rest of the crypto coins in the international market as well as amongst the common people. If this global regulation of the bitcoin happens, then this will result in a huge increase in the market value of the bitcoin.
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