Positive side, government regulating bitcoin is a good sign to end any skepticism about Bitcoin not being legit and scam. Acceptance can turn other skeptical people to finally invest on digital currencies. With Bitcoin as the pioneer Cryptocurrencies and will it be regulated, other people may turn their interest also on new ICOs. Though, govt should focus monitoring the scam ICOs. USually, ponzi schemes.
One negative side, is that government should set their clear cut guidelines to monitor Bitcoin transactions. As the govt should not interfere with the anonymity of BTC transactions.
Topic: Government regulation of bitcoin - page 2. (Read 2869 times)
Regulation will be good in the long run as it brings more legitimacy to bitcoin usage.
Dubai seems keen on implementing blockchain to start.
Dubai seems keen on implementing blockchain to start.
I think government regulations can have a positive or even negative impact, if we look in a positive way then one of them is about the state income derived from taxes on each bitcoin transaction, the income will be very useful for the development of the nation itself, but if I think the negative side it is possible that there will be some rules that will make it hard for bitcoin entrepreneurs to own and do bitcoin transactions. However, government regulation is needed to prevent criminal acts that can be done using bitcoin.
Every country have a different way to introduce about bitcoin aome are negative and some are poaitive
Decentralised, peer to peer, autonomous nature, low transaction time & charges are the basic features of bitcoin.
Bitcoins become more popular due to these features.
If governments starts putting its own regulations they bitcoin may lose it autonomous nature.
Governments always try to alter and control currencies for their personal benefits.
Putting regulation on bitcoin transaction these governments may earn good revenue.
They may put taxes on every transaction.
Many countries have legalised bitcoins on some conditions, tax structure is being framed.
Bitcoins are world wide acceptance, government tax structure will differ from country to country, this may affect its acceptance in countries where taxes are heavy.
If governments are accepting bitcoin as it is then and then only they will keep its popularity, value and progress intact.
Bitcoins become more popular due to these features.
If governments starts putting its own regulations they bitcoin may lose it autonomous nature.
Governments always try to alter and control currencies for their personal benefits.
Putting regulation on bitcoin transaction these governments may earn good revenue.
They may put taxes on every transaction.
Many countries have legalised bitcoins on some conditions, tax structure is being framed.
Bitcoins are world wide acceptance, government tax structure will differ from country to country, this may affect its acceptance in countries where taxes are heavy.
If governments are accepting bitcoin as it is then and then only they will keep its popularity, value and progress intact.
Government may regulate bitcoins that it owns, but they never regulate bitcoins of other people. Rather, they regulate the people.
government regulating bitcoin cannot be prevented.
history has already told us that government will always seek to find way to be able to gain control with everything happening in their jurisdiction.
and bitcoin won't be exempted from this, especially that government will see that this is a way for people to avoid taxes while doing transactions involving money.
therefore one day they will create laws to restrict it and make it in favor of the government.
history has already told us that government will always seek to find way to be able to gain control with everything happening in their jurisdiction.
and bitcoin won't be exempted from this, especially that government will see that this is a way for people to avoid taxes while doing transactions involving money.
therefore one day they will create laws to restrict it and make it in favor of the government.
The truth really hurts. This is how always the government thinks and if they smell money they mean it and they can't get their nasty hands to this.
Thinking that regulating bitcoin will give them more power to control things and soon will take over but as far as the community is concern I'm confident that they can let this thing happens. People will always find their ways not to expose their bitcoin to the government as still and will be decentralized after all and I think that this will be the greatest hindrance for the government.
whether government regulation is crucial to bitcoin survival, will it have a positive or even negative impact. What do you think ?
in my opinion the government will support in the presence of bitcoin, because this will have an impact on the economy of a country.
Can you please explain how governments can regulate a decentralized and worldwide operating system? I know that they can regulate exchanges, but this is not regulating bitcoin because people still can get bitcoin by mining themselves or buy bitcoins directly from people or buy at exchanges abroad or if they accept bitcoin for products and services.
If you ask about the impact if a government will declare it as illegal, then it is clear that it will have a negative impact in that country because many people do what the government/law says without using their own brain!
If you ask about the impact if a government will declare it as illegal, then it is clear that it will have a negative impact in that country because many people do what the government/law says without using their own brain!
whether government regulation is crucial to bitcoin survival, will it have a positive or even negative impact. What do you think ?
the government can not interfere in bitcoin transactions, bitcoin can not hold any country can all have bitcoin but no one can manage it.
government regulating bitcoin cannot be prevented.
history has already told us that government will always seek to find way to be able to gain control with everything happening in their jurisdiction.
and bitcoin won't be exempted from this, especially that government will see that this is a way for people to avoid taxes while doing transactions involving money.
therefore one day they will create laws to restrict it and make it in favor of the government.
history has already told us that government will always seek to find way to be able to gain control with everything happening in their jurisdiction.
and bitcoin won't be exempted from this, especially that government will see that this is a way for people to avoid taxes while doing transactions involving money.
therefore one day they will create laws to restrict it and make it in favor of the government.
I think it's different and depends on the country that makes the regulation, but in my opinion is not really many countries don't accept bitcoin, as in my country they say bitcoin as an invalid currency, but they don't prohibit or givin ban as china do. so I think the positive or negative impact is depends on the contents of the regulation.
Regulation is of course beneficial. If a regulation accepts Crypto, this will certainly benefit the Crytocurrency user. And vice versa if regulation rejects Crypto, then this will make a little jolt for Crypto users. Surely every regulation has a good purpose. In this case, we need to be observant in the face of every news and FUD. In order not to be hooked by the political game on Cryptocurrency.
whether government regulation is crucial to bitcoin survival, will it have a positive or even negative impact. What do you think ?
important or not it is relatively possible to say something important so maybe the condition of bitcoin can be supported by the government. the positive or negative impacts also depend on the regulation applied because every government in the country has a different perspective. 
Bitcoin existed and can continue to exist without state regulation. However, state regulation, that is, the establishment of certain rules for its circulation within the country, makes it a legal tender within this state and at the same time bitcoin can enjoy the protection of the state, including judicial protection in case of violation of the rights of citizens associated with bitcoin. In this regard, the state regulation of the crypto currency plays a certain positive role.
whether government regulation is crucial to bitcoin survival, will it have a positive or even negative impact. What do you think ?
In my personal veiws government would want to have control over bitcoins ,
And maybe they won't legalise BTC untill they get some power to control it.
Government would surely need to put tax on BTC if the majority uses it , if they form any rules and regulations for using btc we would definitely have to follow it.
What impact it would create on people that we will know only after implementing them .
If we talk about current situation then countries like Russia and China have sort of ban on BTC , the ban is not on using btc but to converting them I to fiats by depositing them in banks .
The government regulations on bitcoin in the world are different.
Some countries have legalized bitcoins and some are not.
Just as government regulations in my country about bitcoin are still faltering, there is still no certainty from the government.
I think if the government legalizes bitcoin, a great opportunity for the progress of a country will be more open.
Maybe i can only wait when it's time to get legal bitcoin in my country.
Some countries have legalized bitcoins and some are not.
Just as government regulations in my country about bitcoin are still faltering, there is still no certainty from the government.
I think if the government legalizes bitcoin, a great opportunity for the progress of a country will be more open.
Maybe i can only wait when it's time to get legal bitcoin in my country.
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...
I have a question can Bitcoin be put under regulations as Bitcoin is decentralized. I mean what can the government probably do with bitcoins as they would not have control over it. So even if the government could put up some regulations over bitcoin I can't think what regulations they can put.
I think government regulations have a big impact on the development of bitcoin. For example, when bitcoin accepts bitcoin, bitcoin
prices have risen sharply. In my country, the government did not accept bitcoin, I think my country is not capable of managing
bitcoins. Because my country is still small and the economy is not growing .
prices have risen sharply. In my country, the government did not accept bitcoin, I think my country is not capable of managing
bitcoins. Because my country is still small and the economy is not growing .
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