European Union official suggests that Bitcoin will not be regulated - page 2.

newinbtc

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Quote from: criptogenious on December 28, 2017, 08:21:43 AM

Regulators in Europe have tried to pressure the European Commission to put Bitcoin under a magnifying glass in one way or another. However, there are other characters that sometimes make us believe that these efforts are over, at least for now.

its very difficult to implement the tax on bitcoin On particular person. we can change the addressee in few seconds , Then it will be impossible to trace where It come and where gone. When Bitcoin mixer service is here Then Other Criminals use Bitcoin To Transfer From one place to another place in few min rather than paying cash.
Indian govt. is also not ready to regulate , they are currently saying keep away from bitcoin if you lost funds do not blame us. And they are charging 30% tax on capital gan currently

100kk

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Quote from: criptogenious on December 28, 2017, 08:21:43 AM

Regulators in Europe have tried to pressure the European Commission to put Bitcoin under a magnifying glass in one way or another. However, there are other characters that sometimes make us believe that these efforts are over, at least for now.

Over time, all countries will have to decide on ways to regulate bitcoin and other cryptocurrencies.

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Quote from: criptogenious on December 28, 2017, 08:21:43 AM

Regulators in Europe have tried to pressure the European Commission to put Bitcoin under a magnifying glass in one way or another. However, there are other characters that sometimes make us believe that these efforts are over, at least for now.

Bitcoin is mostly use by people all around the world due to its anonymous behavior and because it is very difficult to track its transactions. DO I don’t think it is so easy for European or any other government to reach bitcoin or stop its flow in the country as it is already stated as anonymous coin which means no on will be able to track your transactions. This technology is fully developed to secure the transaction which happen in the block.

ajmapalo22

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Bitcoin is hard to regularized because its a global currency and hving this regulated means one government will take the lead of owning this digital currency. I think even after do many years no country will be able to established control over bitcoin and will never get the opportunity to regularized bitcoin we will only end up having bitcoin in our market as a decentralized currency

audaciousbeing

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Quote from: criptogenious on December 28, 2017, 08:21:43 AM

Regulators in Europe have tried to pressure the European Commission to put Bitcoin under a magnifying glass in one way or another. However, there are other characters that sometimes make us believe that these efforts are over, at least for now.

Regulators pushing for that might not have headway at this time but eventually it will still get to that point because the regulation is a sure thing that will be happening. The relief that the unnamed official is trying to pass along can only be temporary because at a point European Union would eventually be forced to take a position.

Today, crypto card services are not expanded beyond citizens within the EU which shows the amount of movement of funds in the crypto world that would be going on courtesy Visa and MasterCard by the time this people give the statistics and supported by the projections of the what likely its going to be in few years, they will be forced to regulate.

player514

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Quote from: criptogenious on December 28, 2017, 08:21:43 AM

Regulators in Europe have tried to pressure the European Commission to put Bitcoin under a magnifying glass in one way or another. However, there are other characters that sometimes make us believe that these efforts are over, at least for now.

This HAS to be temporary. There's no way that they're going to stick to this statement if everyone ends up using Bitcoin. Think of all the taxes that would be evaded and all the fees bypassed. There's no way any economy or government would let that happen. If bitcoin continues the current growth, I feel like it's going to be a problem that European regulators will have to deal with in 2018. There's really no way to get out of taxes even though people continue to try to find one.

Don Pedro Dinero

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Quote from: criptogenious on December 28, 2017, 08:21:43 AM

European Union official suggests that Bitcoin will not be regulated

That statement is deceiving and you should have backed it with a source. Bitcoin has been regulated in most Countries in the European Union. What is missing is a global comprehensive regulation, but regulations are already there. I live in a EU country and I wish it wasn’t regulated so I wouldn’t need to pay tax, but I think in the long-term, if bitcoin is going to be massively adopted, strict global regulations will come.

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Quote from: LeGaulois on December 29, 2017, 01:12:43 PM

Things are going to change after the next G20, as cryptos will be one of the topics in the next meeting and from what I saw it won't be in favor of Bitcoin and other cryptos.

Exactly. With the recent boom of cryptos, G20 would do everything in its power to protect the best of their interests and try to intervene in the game before it goes out of their control. Banks first and foremost wouldn't love losing money because everyone else is switching to crypto due to it being unregulated and bringing in potential profits. One way or another, there would be a regulation they'd enforce, and that is for sure.

Quote from: LeGaulois on December 29, 2017, 01:12:43 PM

If you think Europe can't regulate Bitcoin then you are somehow wrong. Every European citizen know how banks are so good to trace, regulate, automate, exchange information and so on... When you receive a bank transfer from an exchange, don't worry the automated system knows perfectly what you're doing

Which is why Europe not regulating cryptocurrencies in the near future is too good to be true, because it hurts the interest of their good ol' banks that feed them with fiat and other aids.

LeGaulois

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Things are going to change after the next G20, as cryptos will be one of the topics in the next meeting and from what I saw it won't be in favor of Bitcoin and other cryptos.

If you think Europe can't regulate Bitcoin then you are somehow wrong. Every European citizen know how banks are so good to trace, regulate, automate, exchange information and so on... When you receive a bank transfer from an exchange, don't worry the automated system knows perfectly what you're doing

dewi91

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bitcoin will not be regulated because there's no country can control bitcoin.. bitcoin is decentralized and I think bitcoin does not require regulation.. without regulation bitcoin still strongly and day by day bitcoin users are more increase..

syaripudin

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I think this is good news for investors who invest with bitcoin because of course this is a freedom where we can freely perform an activity with bitcoin. but on the one hand of course it will be a very controversial thing because what is feared is with a freedom that is obtained of course there will be parties who take advantage of this for a criminal activity such as corruption and other crimes. my current hope is for the government in my country not to forbid bitcoin activities and besides my expectation is there is a legalization that will be applied by the government and I think if the government wants to legalize bitcoin this will certainly make the bitcoin more controlled and certainly no one can use bitcoin for crime.

13abyknight

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And how exactly would they plan their course of action to regulate Bitcoin while there are so many countries in the European Union that have indirectly been active supporters with large volumes of investments with their respective governments knowing of it? It simple wouldn't be possible to regulate a decentralised currency such as Bitcoin in a region like EU even with the multiple nations supporting the cause.

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Quote from: criptogenious on December 28, 2017, 08:21:43 AM

Regulators in Europe have tried to pressure the European Commission to put Bitcoin under a magnifying glass in one way or another. However, there are other characters that sometimes make us believe that these efforts are over, at least for now.

Right that the state hard to tegulated bitcoin because many people who joining in bitcoin anonymous. We must be patient for this situation always hope the best for our

NeuroticFish

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Quote from: Hydrogen on December 28, 2017, 06:20:36 PM

I think there are two main opposing forces, here.

#1 Bankers, credit card companies, paypal and similar entities who want bitcoin regulated or banned to reduce competition in the banking and electronic transaction industry. These demographics lobby politicians to legislate anti-bitcoin laws.

#2 Wealthy investors, speculators and businessmen who do not want bitcoin regulated. I would guess the Winklevoss Twins and other wealthy demographics who wield political influence oppose bitcoin legislation.

Of course, there could also be a 3rd demographic consisting of activists, bitcoin supporters, economists and others concerned with deficit and debt in our world, who do not want bitcoin regulated. They know a regulated bitcoin could possibly carry restrictions which would prevent it from being an effective store of value in the event of default and hyperinflation.

Its interesting to note how bankers and investors could be split on this issue. Their goal has historically been to show a united front to the world. If they begin to oppose each other on issues and engage in conflict, things could get interesting(and messy).

I believe that even the wealthy investors would like to see Bitcoin regulated. But it all depends on how those regulations would look like; it's a tremendous job (and learning) to make it right. A proper regulation would make it a great investment vehicle (speculative or not). It's the opposite of banning it.
And I somehow think that they don't regulate it yet to send a signal that they don't take Bitcoin serious. And maybe this is what the bankers want: to have all the means to keep discrediting Bitcoin.

criptogenious

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Quote from: cynical on December 28, 2017, 12:23:46 PM

i cannot see how bitcoin can be regulated.
i think its impossible to prevent people from buying into it.
they may look to collect tax revenue from people liquidating crypto into fiat but im not sure how that can be done because of the unregulated nature of crypto.

Bitcoin is one of the largest cryptocurrency. Now a days people are attractive to trade bitcoin. Its so difficult job for European Union to controlled bitcoin.

ivrynx

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First of all, you can not regulate something that you cannot control, and to be specific bitcoin, some may say negative things about bitcoin and we may see a drop, still no one person can control bitcoin, not even an entire country, if we take a lool back what had happened with china, there was a huge drop in the value of bitcoin, still china cannot control bitcoin. Second, they might want to create their.own coin rather than regulating bitcoin, since there is still bitcoins to be mined, they will have no control over it. Lastly, bitcoin is anonymous, how could you control something that you don't even know who has it.

Bobby park

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Quote from: akram143 on December 28, 2017, 08:49:14 AM

Quote from: criptogenious on December 28, 2017, 08:21:43 AM

Regulators in Europe have tried to pressure the European Commission to put Bitcoin under a magnifying glass in one way or another. However, there are other characters that sometimes make us believe that these efforts are over, at least for now.

Yeah it is highly impossible to regulate the use of bitcoin because it is anonymous and there is no way to trace the usage of bitcoiners.So no government can put rules and regulation for using bitcoin.

Agreed, being anonymous of bitcoin is the reason why some of the country are prohibiting to use it or to circulate in their economy. Government does not hold the people, they cannot impose laws and regulation about bitcoin because it is not centralized and the most important, bitcoin is a bubble thing and it can be vanished anytime without the concern of investors.

signaturecoin

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So i guess that those are good news right? Then i can not understand why the hell the price is still going down.

Maybe the market is full of fud, but it is full of buyers on GDAX.

Hydrogen

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I think there are two main opposing forces, here.

#1 Bankers, credit card companies, paypal and similar entities who want bitcoin regulated or banned to reduce competition in the banking and electronic transaction industry. These demographics lobby politicians to legislate anti-bitcoin laws.

#2 Wealthy investors, speculators and businessmen who do not want bitcoin regulated. I would guess the Winklevoss Twins and other wealthy demographics who wield political influence oppose bitcoin legislation.

Of course, there could also be a 3rd demographic consisting of activists, bitcoin supporters, economists and others concerned with deficit and debt in our world, who do not want bitcoin regulated. They know a regulated bitcoin could possibly carry restrictions which would prevent it from being an effective store of value in the event of default and hyperinflation.

Its interesting to note how bankers and investors could be split on this issue. Their goal has historically been to show a united front to the world. If they begin to oppose each other on issues and engage in conflict, things could get interesting(and messy).

meer45

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Quote from: cynical on December 28, 2017, 12:23:46 PM

i cannot see how bitcoin can be regulated.
i think its impossible to prevent people from buying into it.
they may look to collect tax revenue from people liquidating crypto into fiat but im not sure how that can be done because of the unregulated nature of crypto.

Regulating bitcoin directly may be very difficult, but you don't necessarily have to trace it directly. If you start keeping track of money coming from off of the grid, chances are, you will be able to identify the money coming off of cryptos. So regulating bitcoin should definitely be possible.

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