Authorities can't regulate bitcoin (exapt china, i belive they can do somehing with their great firewall) but they are regulating the environment where it works. Imho thats what they do now. China is regulating it to clean some space for the national crypto (thats their typical protectionit behavior) while russia is trying to punish bitcoin users ( I don't belive that they will realy do something positive with btc).
China and Russia to me is not democratic States. In order to deal with bitcoin, users do not have to adhere to the laws. They can find other excuses to arrest users. I saw in Russia arrested people for what they are trading on the cryptocurrency exchange. They put the blame that they did not have a license and was skimming. Nonsense of course but people in prison. 
Topic: Can authorities really regulate cryptocurrencies? - page 2. (Read 874 times)
I'm really curious: how you can ban any crypto-currency?
As governor, you will need to ban the whole internet access in the particular territory.
... and you could still buy quietly satelite internet access.....
If you do not going to ban the net, people can use VPN service to overcome the ban.
Wallets could travel on pendrives around the world.
How you can ban crypto?
As governor, you will need to ban the whole internet access in the particular territory.
... and you could still buy quietly satelite internet access.....
If you do not going to ban the net, people can use VPN service to overcome the ban.
Wallets could travel on pendrives around the world.
How you can ban crypto?
Ico are and always be part of crypto world, and as bitcoin there is no way to stop them, soo when the authorities are willing to legalizing them is to enforce the banks to take action into the transactions happening, not sure how easy is to find wich transaction will came from crypto, but well as China they are working into some way to avoid the dirty fiat money to enter into the ICO and return clean to the account of the investors.
Of course governments can regulate cryptocurrencies. If the government decides to put regulations on crypto coins there is no other way than to yield.
In fact they are already starting doing this. Look at China for example. Or at russia. They started implementing a krypto rubel.
Since the market cap of BTC, ETH, .. is rising constantly there will sooner or later be all regulated (if not made illegal).
In fact they are already starting doing this. Look at China for example. Or at russia. They started implementing a krypto rubel.
Since the market cap of BTC, ETH, .. is rising constantly there will sooner or later be all regulated (if not made illegal).
What they can do is regulate gateways for cryptocurrency/fiat exchange. The banks are tightly regulated, and high volume P2P traders can be recognized by their online and banking activities. So regulators and 3-letter agencies lean on the exchanges and on Localbitcoin traders and things like that.
They can make it illegal, but how successful would that be? Gold was once banned in the US, but it did not stop people from using it. People hoarded it away, and the rest of the world continued to value it. I don't see why Bitcoin would be any different, barring some fundamental protocol flaw that couldn't be overcome. It'll be interesting to watch how the situation develops in countries where cryptocurrencies get banned. Apparently Algeria is on the verge of banning Bitcoin and other cryptocurrencies, so that might be a situation to watch.
They are regulating or simply shut down existing infrastructure and set up their own controllers.
China and South Korea have banned initial coin offerings, while Russian President Vladimir Putin has called for regulation of the sector.
yes it can and we need that because think if they abuse bitcoin like scam or something wrong it can be helpful in bitcoin user i think also in the future if some regulate bitcoin its more good and more trusted here ,if we have like that they can track every mining here to become legit because mining here is more on scam but i think in different country to regulate China and South Korea have banned initial coin offerings, while Russian President Vladimir Putin has called for regulation of the sector.
Authorities can't regulate bitcoin (exapt china, i belive they can do somehing with their great firewall) but they are regulating the environment where it works. Imho thats what they do now. China is regulating it to clean some space for the national crypto (thats their typical protectionit behavior) while russia is trying to punish bitcoin users ( I don't belive that they will realy do something positive with btc).
Yes, they can regulate it to some extent but they have limitations.
Few already mentioned about these AML & KYC especially for local crypto exchanges.
You can't avoid that at some point when you need to encash your btc or altcoin to your fiat currency.
But, when it comes to investigations - like where do you get your bitcoin? How do you earn it?
Can they tax your earnings from sig/bounty campaigns? Like how do they do that?
Few already mentioned about these AML & KYC especially for local crypto exchanges.
You can't avoid that at some point when you need to encash your btc or altcoin to your fiat currency.
But, when it comes to investigations - like where do you get your bitcoin? How do you earn it?
Can they tax your earnings from sig/bounty campaigns? Like how do they do that?
They are regulating or simply shut down existing infrastructure and set up their own controllers.
China and South Korea have banned initial coin offerings, while Russian President Vladimir Putin has called for regulation of the sector.
China and South Korea have banned initial coin offerings, while Russian President Vladimir Putin has called for regulation of the sector.
I think they can pretty much can as bitcoin runs on the internet it has a network in which cou tries can block or ban or even put regualtions onthis for people to access. WHich might be bad or worse for some but this is for the government to ensure that wverything comes through them first.
At this point all that governments can do is shut down currency exchanges or impose their regulations upon which they must work.In this way all users must be verified by ID cards/passport and if governments know who they are then they will have to pay the tax.This way they regulate one part of problem,reducing the criminal activity to the lowest possible level.Also from next year in EU all not verified bitcoin cards will have only 200 EUR liftime limit,so only way to sell/buy bigger amounts BTC without discovering your identity is to to find the buyers / sellers in person.
This is just some moves they made so far,there should not be any doubt that this is not end of regulation regarding cryptocurrency.
This is just some moves they made so far,there should not be any doubt that this is not end of regulation regarding cryptocurrency.
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Of course they can. They can always come up with laws restricting the usage or the operations of exchanges, however, there will always be a way to trade, it's just a matter of badassery.
Bitcoin is not so different from amphetamines, the government can always regulate but the trade can happen with them unaware. Law of supply and demand, dude.
This guy gets it. You can hide your cryptos but you're at risk on exchanges.Bitcoin is not so different from amphetamines, the government can always regulate but the trade can happen with them unaware. Law of supply and demand, dude.
Maybe sometime in the future when authurities can already figure out as what policies and laws are appropriate to cryptocurrencies. This would be advantegeous to us bitcoiners to prevent fraud and criminalities worldwide.
as for japan, they have already create a regulation regarding digital currency or to be said cryptocurrency. And by that, they already caught a scammer in japan that scamming so many people. So basically, their regulation is not useless.
They are making decisions that prohibit it in their own country because of the unlawful use that makes it difficult for law to control it.
They are regulating or simply shut down existing infrastructure and set up their own controllers.
China and South Korea have banned initial coin offerings, while Russian President Vladimir Putin has called for regulation of the sector.
Generally speaking they cant regulate or shut down cryptos knowing that it isnt possible for them to control but somehow they do other diversion which they do focus on the things that which those cryptos being used.Like on ICO and Exhchangers,government can really go through it since people would really need to comply on the things which government do ask.This is the only way they can able to regulate but not fully on controlling it. China and South Korea have banned initial coin offerings, while Russian President Vladimir Putin has called for regulation of the sector.
They are regulating or simply shut down existing infrastructure and set up their own controllers.
China and South Korea have banned initial coin offerings, while Russian President Vladimir Putin has called for regulation of the sector.
Well if its so I think it’s a good idea to make bitcoin regulate because first advantage of it is that the tax will be start and the rest of people who are not still going to join bitcoin and they think that bitcoin is fake or scam so it can give you hope so I think investors and traders can be increase with regularity of bitcoin and I think it will be regulate soon. China and South Korea have banned initial coin offerings, while Russian President Vladimir Putin has called for regulation of the sector.
Sure they can or at least they can regulate Bitcoin being converted to fiat which I think will be good enough.
they only can try but they cannot succeed because crypto currencies are built on decentralized anonymity.
Of course they can. They can always come up with laws restricting the usage or the operations of exchanges, however, there will always be a way to trade, it's just a matter of badassery.
Bitcoin is not so different from amphetamines, the government can always regulate but the trade can happen with them unaware. Law of supply and demand, dude.
This guy gets it. You can hide your cryptos but you're at risk on exchanges.Bitcoin is not so different from amphetamines, the government can always regulate but the trade can happen with them unaware. Law of supply and demand, dude.
Maybe sometime in the future when authurities can already figure out as what policies and laws are appropriate to cryptocurrencies. This would be advantegeous to us bitcoiners to prevent fraud and criminalities worldwide.
Highly depends on your definition of regulation. Right now, our own government is not actively interfering with any crypto-related trades and activities but just warned people about fraud and money laundering. Also, certain regulations such as AML and KYC has been ordered by the SEC (Securities and Exchange Commission) to be followed by all crypto exchanges operating within the Philippine soil. It's a good start, and the government doesn't really want to halt all bitcoin-related transactions for now but just want their citizens to be aware of the dangers about using the currency.
Of course they can. They can always come up with laws restricting the usage or the operations of exchanges, however, there will always be a way to trade, it's just a matter of badassery.
Bitcoin is not so different from amphetamines, the government can always regulate but the trade can happen with them unaware. Law of supply and demand, dude.
This guy gets it. You can hide your cryptos but you're at risk on exchanges.Bitcoin is not so different from amphetamines, the government can always regulate but the trade can happen with them unaware. Law of supply and demand, dude.
Maybe sometime in the future when authurities can already figure out as what policies and laws are appropriate to cryptocurrencies. This would be advantegeous to us bitcoiners to prevent fraud and criminalities worldwide.
Of course governments can regulate cryptocurrencies. If the government decides to put regulations on crypto coins there is no other way than to yield.
In fact they are already starting doing this. Look at China for example. Or at russia. They started implementing a krypto rubel.
Since the market cap of BTC, ETH, .. is rising constantly there will sooner or later be all regulated (if not made illegal).
I dont think we will pay with cash in the next 5-10 years. Crypto currencies are a good alternative. They have to get regulated.
In fact they are already starting doing this. Look at China for example. Or at russia. They started implementing a krypto rubel.
Since the market cap of BTC, ETH, .. is rising constantly there will sooner or later be all regulated (if not made illegal).
I dont think we will pay with cash in the next 5-10 years. Crypto currencies are a good alternative. They have to get regulated.
Cryptocurrencies in general will be so broad in their application that attempts to regulate them as a whole will be overly broad, and hurt the countries that attempt it.
More specific regulations will not be seen as effective or beneficial because those will simply single out and impose losses on investors in a specific project, leading to them being overtaken by competitors. They also might be countered by a hard fork.
Trying to regulate bitcoin specifically will just lead to hard forks because the policy on the protocol is not flexible to be tampered with by governments.
Governments will be creating fiat on private permissioned blockchains (main ones not sidechains) and trying to sell them to you as cryptocurrency. They may not be able to fool you and me but they will fool the vast majority of people. Their objective will be to capture as much of the global market share as they can and stop the flight of money into true cryptocurrency.
The best thing we can do is to teach people about the threat of cyber warfare and how diversity of cryptocurrency and decentralization provides far greater safety than any government can.
More specific regulations will not be seen as effective or beneficial because those will simply single out and impose losses on investors in a specific project, leading to them being overtaken by competitors. They also might be countered by a hard fork.
Trying to regulate bitcoin specifically will just lead to hard forks because the policy on the protocol is not flexible to be tampered with by governments.
Governments will be creating fiat on private permissioned blockchains (main ones not sidechains) and trying to sell them to you as cryptocurrency. They may not be able to fool you and me but they will fool the vast majority of people. Their objective will be to capture as much of the global market share as they can and stop the flight of money into true cryptocurrency.
The best thing we can do is to teach people about the threat of cyber warfare and how diversity of cryptocurrency and decentralization provides far greater safety than any government can.
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