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Topic: Government regulation of bitcoin - page 11. (Read 2870 times)

legendary
Activity: 2912
Merit: 6403
Blackjack.fun
September 26, 2017, 02:25:13 PM
#5
However, regulation is not good for any bitcoin users.

That depends a lot.
And it depends on how the regulation will work and what does that mean.
If bitcoin will be treated as a currency and that's all there will be no problems. Same as declaring it a legal tender in the country.

The problem will be taxation.
Even now, if you buy something with bitcoin in most countries you pay tax.
I know because I paid in a restaurant and the receipt clearly mentioned the VAT.

So as longs as you buy from legal merchants and not from the black market you pay taxes, even without regulations.
People sometimes forget that bitcoin won't help you much more than cash if you're going for tax evasion.



hero member
Activity: 966
Merit: 500
September 26, 2017, 01:48:15 PM
#4
whether government regulation is crucial to bitcoin survival, will it have a positive or even negative impact. What do you think ?

Apart from Japan none of the government takes any serious steps on the bitcoin and its growth. If anyone regulate the bitcoin under their financial system then bitcoin has to face many issues like taxation, banking usages and etc..
However, regulation is not good for any bitcoin users. They have to support or else they should close their mouth from criticizing bitcoins in a wrong way.

I agree with you on tax issues. if the regulation is applied, I think bitcoin users will be even more miserable for paying huge taxes. where the government keeps an eye on every transaction activity we make.
legendary
Activity: 1372
Merit: 1005
September 26, 2017, 01:44:43 PM
#3
whether government regulation is crucial to bitcoin survival, will it have a positive or even negative impact. What do you think ?

Apart from Japan none of the government takes any serious steps on the bitcoin and its growth. If anyone regulate the bitcoin under their financial system then bitcoin has to face many issues like taxation, banking usages and etc...

However, regulation is not good for any bitcoin users. They have to support or else they should close their mouth from criticizing bitcoins in a wrong way.
full member
Activity: 463
Merit: 100
September 26, 2017, 01:39:28 PM
#2
whether government regulation is crucial to bitcoin survival, will it have a positive or even negative impact. What do you think ?



I think every rule that involves bitcoin in it will always be different in each country.
and all that there is always debate every policy and decision, yes I guess that's how it happens.
hero member
Activity: 742
Merit: 500
September 26, 2017, 01:37:26 PM
#1
whether government regulation is crucial to bitcoin survival, will it have a positive or even negative impact. What do you think ?
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