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Topic: Government regulation of bitcoin - page 4. (Read 2869 times)

legendary
Activity: 1162
Merit: 1000
October 15, 2017, 10:14:49 AM
whether government regulation is crucial to bitcoin survival, will it have a positive or even negative impact. What do you think ?
Government regulations will greatly affect the development of bitcoin. if the government recognizes and adopts bitcoin then bitcoin will be one of the legitimate payment media. this will have an impact on increasing the use of bitcoin and can also increase the price of bitcoin. on the other hand, if bitcoin is prohibited by the government there will be negative impact such as decreasing bitcoin price. that's why government decisions are so important in determining how bitcoin will be regulated.
full member
Activity: 266
Merit: 100
October 15, 2017, 10:09:07 AM
I think the government regulation of bitcoin is very important for the continuity of bitcoin in the country. Regardless of the positive or negative impact of regulation, if the government is occupied by people who have good attitudes and behavior then the rules will have a positive impact on bitcoin.
hero member
Activity: 1806
Merit: 672
October 15, 2017, 09:58:06 AM
The state has the right to take specific steps to regulate the circulation of crypto currency in this country. This may include taxation on profits from operations with the crypto currency, the procedure for making transactions, and so on. However, for cryptovplaty, encroachment on its basic principles of existence would be unacceptable, especially regarding the decentralization of the crypto currency and its anonymity in transactions.
Last time I check profits arising from Bitcoin earnings are taxable even if it is not regulated by the government only people who are evading taxes are the ones who are not recording there earnings from Bitcoin. Also why are we still pursuing anonymity until this time, if we want to use it in public such stores and transportation we need to accept that Bitcoin having anonymous transactions will be useless in the future, at least that is how the way I see it.
newbie
Activity: 6
Merit: 0
October 15, 2017, 09:49:48 AM
I use to wonder how can a good government who is masses and economy friendly can come to formulate a policy to stop or restrict the use of bitcoin in it public domain, first let us take a good look at the economic advantage of bitcoin as it will open up the country domestic and foreign trade to the global world for easy transactions and sell boost. And secondly bitcoin empower the citizens of the country financially there by reducing over dependent on the government.
So I think many countries of the world will celebrate bitcoin rather then trying to suppress it activities.
sr. member
Activity: 546
Merit: 250
October 15, 2017, 09:41:55 AM
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.
sr. member
Activity: 532
Merit: 284
October 15, 2017, 09:38:56 AM
The only thing I think government will take an impact if they were able to control bitcoin is that imposing tax on earnings that we get surely the government would like to have the majority of bitcoin in the market to sustain their power and to have control over the economy's wealth
You are right, and this thing will be so bad for bitcoin community, because when the governments make some regulation to bitcoin maybe it will affect bitcoin too much. Bitcoin is more good than to be controlled by government, because it will be some rules and bad things..., Futhermore, I see that bitcoin is more better if it will be like that.
The truth is they wouldn't really know about that, since it is almost mere anonymous in this kind of platform. In every account you owned in this community they really wouldn't know about it. And on top of that, they really wouldn't know how much you really earn from this. And besides all of that, they may impose some taxes, but that doesn't affect the overall profit you're getting.
full member
Activity: 504
Merit: 101
October 15, 2017, 09:38:34 AM
if my opinion will be better because definitely security would increasingly a strict so most likely the existence of the thief diminishing and definitely make the bitcoiner quieter every time to work in this forum.
newbie
Activity: 72
Merit: 0
October 15, 2017, 09:30:53 AM
bitcoin is decentralized, no countries can control it. But I would say the political issue is important. if one government ban it within country like China, it can fluctuate the price sharply but as for decentralized attributes, it will recover unless all over the world turn its back on bitcoin. 
member
Activity: 93
Merit: 10
October 15, 2017, 09:24:42 AM
The only thing I think government will take an impact if they were able to control bitcoin is that imposing tax on earnings that we get surely the government would like to have the majority of bitcoin in the market to sustain their power and to have control over the economy's wealth
You are right, and this thing will be so bad for bitcoin community, because when the governments make some regulation to bitcoin maybe it will affect bitcoin too much. Bitcoin is more good than to be controlled by government, because it will be some rules and bad things..., Futhermore, I see that bitcoin is more better if it will be like that.
let me add that government regulation defeats the purpose of one of bitcoins characteristics which is being decentrelized. Regulation of bitcoin should be upon the bitcoin  users, not the government
full member
Activity: 308
Merit: 120
October 15, 2017, 09:12:58 AM
First, I think that government intervention has only negative impact, such as decreasing the value of the bitcoin and its legislation in this country.
Just remember what happened to the value of bitcoin last month when China closed some ICO.
hero member
Activity: 1273
Merit: 507
October 14, 2017, 02:34:57 PM
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.
They have no ideas about bitcoin now thats why government dont give time for cryptocurrency but in the future they will give regulation about bitcoin. I agree that in the future when they already supports bitcoin the economy of bitcoin will grew up massively.
sr. member
Activity: 756
Merit: 253
October 14, 2017, 02:27:10 PM
whether government regulation is crucial to bitcoin survival, will it have a positive or even negative impact. What do you think ?

It depends on how the regulations are done. This is a new technology, so governments need to regulate it without completely destroying it's potencial for growth. If they do that, then people won't accept it and will start using crypto in hiding. This is exactly what governments want to prevent when they attempt to regulate something, otherwise it might completely backfire.
They are really aware on such stuff thats why only a few did really make some steps regarding on regulating or blocking it.They are really afraid if people would really tend to focus on using crypto and would really hide their assets or funds on it.If government would tend to ban it then they cant really completely get rid of it because people would really find ways to use it.

That is correct there isn't any comprehensive ways of banning bitcoin just yet and the worst they could do is to make it difficult for people to use by inacting bad laws against bitcoin but even with ty=hat people can trade in person.
full member
Activity: 230
Merit: 100
October 14, 2017, 02:13:11 PM
until when the government will capture the great opportunities of bitcoin, all will look real hear if the government started it from now on.
hero member
Activity: 1065
Merit: 510
October 14, 2017, 01:42:30 PM
whether government regulation is crucial to bitcoin survival, will it have a positive or even negative impact. What do you think ?

It depends on how the regulations are done. This is a new technology, so governments need to regulate it without completely destroying it's potencial for growth. If they do that, then people won't accept it and will start using crypto in hiding. This is exactly what governments want to prevent when they attempt to regulate something, otherwise it might completely backfire.
They are really aware on such stuff thats why only a few did really make some steps regarding on regulating or blocking it.They are really afraid if people would really tend to focus on using crypto and would really hide their assets or funds on it.If government would tend to ban it then they cant really completely get rid of it because people would really find ways to use it.
full member
Activity: 448
Merit: 101
October 14, 2017, 01:32:40 PM
Bitcoin does not need a state and he will live without him, it's simply not beneficial for the state to not receive a percentage from bitcoin when many people invist, so they want to snatch their piece of cake.
full member
Activity: 714
Merit: 104
October 14, 2017, 01:22:49 PM
For the survival of bitcoin, the existence of state regulation does not matter. Bitcoin can perfectly exist and walk around the world without such regulation. However, the presence of state regulation will still have a positive impact on the bitcoin. In this case, the state determines the rules of its circulation in society and simultaneously takes legal protection of their owners or owners.
full member
Activity: 560
Merit: 101
October 14, 2017, 01:17:44 PM
But sometimes government regulations seem made only to protect some interested parties. Until some countries expressly reject bitcoin. In fact, I think bitcoin like a knife although it may potentially have a negative impact on the government but not necessarily a negative impact for peoples. So, government policy is really must on the basis ideas from various professions.
sr. member
Activity: 700
Merit: 350
Betting Championship betking.io/sports-leaderboard
October 14, 2017, 01:11:24 PM
whether government regulation is crucial to bitcoin survival, will it have a positive or even negative impact. What do you think ?

It depends on how the regulations are done. This is a new technology, so governments need to regulate it without completely destroying it's potencial for growth. If they do that, then people won't accept it and will start using crypto in hiding. This is exactly what governments want to prevent when they attempt to regulate something, otherwise it might completely backfire.
full member
Activity: 227
Merit: 100
October 14, 2017, 12:53:03 PM
whether government regulation is crucial to bitcoin survival, will it have a positive or even negative impact. What do you think ?

Oh please don't give our government any ideas about regulating bitcoins or I swear they will fight each other in discussing on how they will steal my money. This government we have is corrupted to the core (and I'm not proud of it but I still want to say it because reasons) that the moment they plan to regulate crypto currency, I will migrate to Europe. I hope they will leave BTC alone before I can save enough for migration.
sr. member
Activity: 952
Merit: 323
October 14, 2017, 12:14:22 PM
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.
you can said like that but actually government declare regulation for something for example is China purpose  to keep their citizens (Chinese) stay away from many SCAM ICO.

not all regulations which spread out from government not good for bitcoin users. sometimes government launch good regulation as like Korea who almost adopt bitcoin as legal currency.
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