Topic: Bitcoin must be regulated! - page 12. (Read 2409 times)

Bitcoin can be contributed however can't be managed because of the way that it has its own particular rules.Many individuals have not found bitcoin yet and on the off chance that you control utilizing bitcoin,they will be unable to contribute moreover.

I think in one way or the other we are stucked on between these two sides; whether or not some level of regulation will be good for crypto. Looking at the current trend of the market and for the fact that people believe the market is manipulated by some whales, then some level of regulation will be good for the market.

if you adjust bitcoin, this means spitting in the face of its developer and the creator because it completely contradicts the idea of the creator

And so does the US Dollar, EUR, Yen, CNY, etc. Why aren't they managed more strictly?

Bitcoin was built to NOT be regulated. If you want more regulation in your financial life just own fiat.

Bitcoin should be managed more strictly. There are many bad actions such as arms race, money laundering, terrorism when taking advantage of Bitcoin in such illegal activities. I think we need a law or regulation to control the cryptocurrency market.

Bitcoin is decentralise & hence can't be control by an government or head of polity.
But i also want government not to embargo bitcoins special features.

First regulation is not an obligation that must exist for bitcoin, the development of bitcoin and crypto will still run even without regulation.
I think regulation will only make bitcoin a centralization because they will certainly ask for the conditions for the legalization

I agree with you, there must be an improvement from the Bitcoin development team so that new investors enter Bitcoin and stabilize the market, but to regulate Bitcoin I find it difficult because Bitcoin is decentralized, and its anonymity is an advantage that Bitcoin has.

government will make regulation about bitcoin, but just outside. and they must secure about people that join in bitcoin, because it is the features of bitcoin

investors need to have confidence and patience so that it can make bitcoin continue to grow and become better than before if it disappears I don't think it will happen

For now if this is regulated it would be hard for those traders who earned lesser profit. While the value of bitcoin wasn't gaining yet it's not good to regulate due to small capabilities of earning better income. If Government will dominate the system, I don't think it will be fair for long time users of bitcoin. This must be reviewed so welk before implementing such regulations if it will provide better results or not.

My apologies, but it feels you are relying on speculations that thrives among antagonist of bitcoin. The price manipulation you mentioned has no solid proof and remains a speculation til date. There might be strong indicators of such activities but none has been proven so far.  And i think with the current progress of bitcoin, the market will prove to show very soon that consumers does control the market.

But should bitcoin be regulated? I'd say why not. If that is the next best course of action to take place then i have nothing against it. You see, it is the system of transaction that bitcoin intended to decentralized and not authority itself. If regulation will add safety and security then we are all in for a better future of cryptocurrency.

It’s also difficult to regulate Bitcoin when, in actual fact, regulations vary from country to country. The only similarity may very well be those countries where cryptocurrency is banned or restricted. The issue of how it is classified also comes up again when looking at a global view of Bitcoin.

In an Investopedia article, a roundup of countries illustrates some of the varied regulations related to cryptocurrency. Here are some examples of the different regulations:

- Australia wants to tax cryptocurrency like other commercial transactions but is also cautious after security concerns from losses in 2013.
- Brazil has enacted a law about electronic currencies and payment systems, leading the way in evolving its regulations.
- Canada would like to tax Bitcoin but it is currently not recognized as legal tender so as no legal recognition.
- China restricts its use and does allow financial institutions to conduct any transactions using Bitcoin.
- The European Union has spent time debating the issue and has found some ways to tie a legal basis for Bitcoin to its existing laws, but the European Banking Authority is still against it until it becomes regulated.
- Finland has created specific instructions on how it can be used. It also has made any gains from these transactions subject to capital gains tax.
- India has shut down the country’s largest Bitcoin trading platform and currently has no regulatory framework for cryptocurrency.
- Russia restricts the use of Bitcoin and is concerned over its potential for use in money laundering or terrorist activities.
- The UK does not currently regulate cryptocurrency but does subject profits or losses on Bitcoin trading to capital gains tax while VAT is applied to any goods that are sold in exchange for this digital currency.

Many more countries are in similar places to these listed here, but these examples illustrate just how far apart the world is on reaching some type of agreement on regulations of Bitcoin.

Read More : https://www.huffingtonpost.com/john-rampton/why-bitcoin-is-not-regula_b_9458864.html

Yeah indeed, it is important for us to know the persons behind this Bitcoin procedures; the inventors, developers, or the proponents. The stability of Bitcoin will be constant if the society understand the owners of the procedures.

Thus, I think it would be better if they allow the people to be part of the development. With that, the assurance of the long term procedures of Bitcoin will increase.

bitcoin are more secure and probable it will be increasing its price. i think you should study more about bitcoin and stay here to know more about this. it will be make more profit. i think it is more profitable and potential. its future are bright.

I know presently, many countries especially USA, trying all their possible best to regulation cryptocurency generally and not only bitcoin, which is very good to me base on some of the bad egg that are trying everyday to reap from where they didnt sow. But i think bitcoin doesn't need regulation in the first place because of the word crypto but for it's betterment and to make people believe in it, after crypto has been used to scammed people. So, it should be regilated.

I totally agree. We need a safe market. AML BitCoin rests on a privately regulated public blockchain that facilitates AML-KYC compliance and identifies criminals associated with illicit transactions while maintaining and strengthening the privacy protections for legitimate users.

We need to be very direct if at some point a regulatory centralized agency is created that has control over bitcoin and the blockchain then bitcoin is done for, and will need to use another cryptocurrency and try to avoid that the same happens to it, but if the government creates their own agency but if it doesn't have control over bitcoin and the blockchain then bitcoin is going to be still the best cryptocurrency around the world.

Bitcoin has a lots of advantages than a fiat money, but the problem is that the government do not have any power to control bitcoin and there are some people that abuse the power on having bitcoin.

I agree that in the end it will gradually eliminate anonymous features, in the free and global markets, there must be rules to take into account the use, otherwise bitcoin will be controlled by a handful of people who will become greedy in monopolizing the large capital prices they use anonymously.