whether government regulation is crucial to bitcoin survival, will it have a positive or even negative impact. What do you think ?
Well of course it has a negative and positive impact. But I don't think governments can implement regulations on Bitcoin, I think they can only regulate exchanges as Bitcoin is using blockchain technology which is decentralized. If Bitcoin or cryptocurrency exchanges is regulated therefore tax is automatically included in every transactions. Tax is not that bad since we can contribute to the government for whatever they want to use it for the country. Regulations in Bitcoin can expose anyone who are going to withdraw their coins on exchanges due to the AML/KYC policy implementation by central banks. Once exchanges are regulated our funds are safe and is the sign of acceptance or legal stance by governments. 
Topic: Government regulation of bitcoin - page 3. (Read 2884 times)
Bitcoin is a decentralised currency that should ideally be free of government regulations. But governments just can't let a decentralized monetary system to derive the financial system. So, they will regulate it either in favor of it or against it. We just can escape government in such matters. More regulations to come from many more countries in future.
True, knowing that more and more people are engaging themselves to bitcoin, there is no way that the government will just leave it as it is. The Government might feel threatened and will not let to be not benefited. This actually the role of tge government, to regulate the wealth of the country. Bitcoin and cryptosystem are really impactinh the economy really hard, that is why government is interfering and regulating
In my country Jak ma is encouraging the president to have a cashless society which obviously bitcoin or any crypto will be use. For this reason, government will not just regulate it but also have full control over it. What crypto holder has to do is to hope that bitcoin will not become complicated because of the government but will have advanced and better feature.
In my country bitcoin is prohibited by the government to be used as a direct transaction tool because it can weaken the value of currency in my country, I agree with it because it is one of the government's efforts to maintain the exchange rate of currency.
Bitcoin is global, government regulation is a good thing, can be long-term development. No supervision will be more and more chaos, such as ico
if the government provides a rule about bitcoin then we must obey the rules, because as a good citizen we must obey the rules that exist, although it is difficult to go through it
Well then i guess you don't know why bitcoin came and why you're even here in the first place. Btcoin was created to liberate us from the hands of some of these government decisions and central control of our finances so that we can individual control our own funds like we have our respective banks at home and so if we allow these government interference then they are going to tell us that they will now regulate it's flow in the market like the central banks to fiats and gradually they will take over.
if the government provides a rule about bitcoin then we must obey the rules, because as a good citizen we must obey the rules that exist, although it is difficult to go through it
Governments can attempt to regulate it and set rules in their country but the great thing is it's your choice to follow them or not. No one can force you to. I wish them good luck on their regulating of bitcoins haha.
whether government regulation is crucial to bitcoin survival, will it have a positive or even negative impact. What do you think ?
in my opinion will have a negative impact because every government regulation on the economy is inseparable from income tax, then we have to pay tax every income we get from bitcoin. it would be better if the government did not give a rule about bitcoin.
I think government regulation is not so important in the world of crypto. Without interfering from the government, crypto continues to run and take place. But if the government supports the crypto it will add a positive influence, especially in the economic field.
if there is a government regulation about bitcoin then this is bad news for bitcoin users because they will be in tax income based on every activity of transaction made
Year ago, the question of the status of the Crypto currency was based on a disappointing dilemma: whether to establish an administrative or criminal legal prohibition on the turnover of crypto-currencies. Now government strategy has changed radically: the legislator and regulator are inclined to consider in the cryptocurrencies a new and very promising direction in the economy, rather than a marginal currency surrogate in the shadow sector.
Government regulation will not affect Bitcoin in any way because Bitcoin is decentralized. The network is and so are the users and miners so there is no stopping it.
according to me government regulations will not affect bitcoin, usually the government only regulate how to transact using bitcoin or withdraw tax from bitcoin users, that's just my thinking, because in my country the government has not set the bitcoin
It is right that government can get access to the bitcoin users only in order to collect his taxes. Bitcoin is so much far away of government access because bitcoin is decentralized and no one person or government can get control on bitcoin. Government regulation in a sense to collect taxes from exchanges is possible just like in Japan but control on bitcoin in order to regulate in a country is impossible.
I agree with you, Governments really want to control Bitcoin to earn tax. But they know that Bitcoin was invented so no one could control. Therefore, they change from control method to regulation method. Everything will be fine.
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.
according to me government regulations will not affect bitcoin, usually the government only regulate how to transact using bitcoin or withdraw tax from bitcoin users, that's just my thinking, because in my country the government has not set the bitcoin
It is right that government can get access to the bitcoin users only in order to collect his taxes. Bitcoin is so much far away of government access because bitcoin is decentralized and no one person or government can get control on bitcoin. Government regulation in a sense to collect taxes from exchanges is possible just like in Japan but control on bitcoin in order to regulate in a country is impossible.
Honestly, we need the government help somehow in other to create some sort of awareness because some people still don't believe in bitcoin and some create false capital which will experienced in China last year before the PBOC came in. Therefore, if the government regulation was in a way of creating security/awareness and accept bitcoin as an electronic cash. This will definitely create a positive impact to the crypto world.
Correct and some parts of it I dont agree.
We dont really need the government for some reason. We need investors. They will be the one who are willing to risk something just so they could provide a good service.
Example is a bitcoin ATM. Not much wants to get to that business because of the volatility of bitcoin that might get them on the losing part. Who will risk it?
whether government regulation is crucial to bitcoin survival, will it have a positive or even negative impact. What do you think ?
every rule is always different in every country. I don't know for sure what is beneficial or disadvantageous, because in my country there is no problem with the rules on bitcoin.
whether government regulation is crucial to bitcoin survival, will it have a positive or even negative impact. What do you think ?
the government regulation of bitcoin is always different in each country. I think all countries have interests and laws regarding bitcoin. even then if the state has legalized it.
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Honestly, we need the government help somehow in other to create some sort of awareness because some people still don't believe in bitcoin and some create false capital which will experienced in China last year before the PBOC came in. Therefore, if the government regulation was in a way of creating security/awareness and accept bitcoin as an electronic cash. This will definitely create a positive impact to the crypto world.
The government regulation is good and bad cause some government were trying to control bitcoin because they see bitcoin as something affecting their national currency/economy and is what the Chinese government trying to do but I love the part of regulation created by the Japanese government which generate positive impact into bitcoin.
maybe the rules do not exist yet, then later if we have allowed the very tight rules that will be made by the government about bitcointalk and we just wait for it.
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