Bitcoin in The United States
In 2015, the CFTC defined bitcoin as a commodity which would then be covered by the Commodity Exchange Act (CEA). It was a positive sign, but the fact that it wasn’t considered a security by the SEC showed there was still the reluctance to consider it as a currency.
Topic: Government regulation of bitcoin - page 7. (Read 2869 times)
whether government regulation is crucial to bitcoin survival, will it have a positive or even negative impact. What do you think ?
I think if government regulate bitcoin as legal currency it will be good for bitcoin although probably some countries will apply the double or high taxation on bitcoin. But it is good for bitcoin adoption, it can makes the price of bitcoin go up. Crucial? are you kidding? Bitcoin is Decentralized, if government meddles with it, everything will change, there will be restrictions and rules or even taxes. I believe Bitcoin is doing good without government interfering and will be better without it.
I think they can't regulate the bitcoin technology, what they can do is to regulate bitcoin exchanges, bitcoin will remain decentralized with this.
Of course, the impact of the government will greatly affect the BTC, so more countries will accept it and the value of it will increase.
ICO regulation is a good things to avoid scam ICOs to show in public. I think that all country should impost ICOs regulation too! to protect the investment of their people.
ICO regulation is a totally different thing than regulations on bitcoin itself. While I am not against some regulation of ico's, I feel less positive about btc regulation.
in every country is different its rules, in my country bitcoin may be used but not valid in the eyes of government
so in my opinion this needs government policy
so in my opinion this needs government policy
each and every governments made or going to make different rules & regulation scenario on Bitcoin, but they are doing one same thing that is increasing value of BTC
whether government regulation is crucial to bitcoin survival, will it have a positive or even negative impact. What do you think ?
It will have both kinds of effects over Bitcoins.
Positive - When the government is allowing it to be used, it means nobody can stop it there and that you can do anything with your bitcoins "legally".
Negative - They will snatch away your rights to remain anonymous anymore after regulations take place because, after that, you will need to break up all the details in front of them which nobody wishes to disclose and that's why Bitcoin was made.
I think that the only positive thing that will happen for the regulation of bitcoin that has been done by the government is they can secure that bitcoin is on the right way and it cannot be used by the criminals to do things such as stealing money from people and creating different scams using the cryptocurrencies.
The only thing the government is trying to achieve with regulations, is that it more or less remains some control over something that can't be controlled by whatever governmental authority. If people want, they can use Bitcoin for whatever illicit purposes at any time, and that without any problems - we should stop putting the blame on the tool, but understand that people are the problem here, and that nothing in the world will be able to prevent anyone from harming others. Nothing in the world comes even close to what level of harm is being caused with fiat, but yet no one seems to care.
It's always Bitcoin that seems to get hammered down when idiots decide to abuse it - this definitely needs to stop. whether government regulation is crucial to bitcoin survival, will it have a positive or even negative impact. What do you think ?
I think that the only positive thing that will happen for the regulation of bitcoin that has been done by the government is they can secure that bitcoin is on the right way and it cannot be used by the criminals to do things such as stealing money from people and creating different scams using the cryptocurrencies.
If a Bitcoin regulation will ever be successful I think it will be both have a postive impact and a negative impact because many person who has a different motive will be affected. What I mean about that is definitely if Bitcpin got regulated its price would be more stable giving the traders a negative impact and making Bitcoin not profitable as to compared to what it was before. The positive effect will come for the consumers as they will benefit from the more stable price of Bitcoin.
Crucial? are you kidding? Bitcoin is Decentralized, if government meddles with it, everything will change, there will be restrictions and rules or even taxes. I believe Bitcoin is doing good without government interfering and will be better without it.
Government regulation is healthy move because still people in a confusion bitcoin is legal or not . So regularising bitcoin will make bitcoin is more trustable for newbies and able to reach more people .
Of course, the impact of the government will greatly affect the BTC, so more countries will accept it and the value of it will increase.
ICO regulation is a good things to avoid scam ICOs to show in public. I think that all country should impost ICOs regulation too! to protect the investment of their people.
Of course, the impact of the government will greatly affect the BTC, so more countries will accept it and the value of it will increase.
whether government regulation is crucial to bitcoin survival, will it have a positive or even negative impact. What do you think ?
If the governments for certain location trying to regulate it, it means they are already using it and they are now on perfecting the curb, it doesn't have negative impact for me.
whether government regulation is crucial to bitcoin survival, will it have a positive or even negative impact. What do you think ?
Do remember that bitcoin cannot be regulated and controlled by any other entity due to its decentralized nature. That is why people are choosing bitcoin as the main payment under the dark web because of the anonymity in terms of illegal transactions. But I do believe that if every country's government intervene on the trade market of bitcoin, they can surely decrease its price or possible, removing it from existence.
i'm just concern about the other countries that will not regulate bitcoin.. they don't know what technologies can do to their country. Bitcoin will help their economy, that's why other countries they impose to give taxes to their citizen. they just thinking about themselves. Banks/governments scared of bitcoin because they can't get alot of money
I think it will really happen but each country or state will create or choose their own crypto currency/altcoin their people will use and that coin will be regulated according to the needs and capacity of the people living in the said country, example they regulated it to have a tax imposted so that the sovereign of the country can benefit to the exchange of goods and can maintain its operations..
whether government regulation is crucial to bitcoin survival, will it have a positive or even negative impact. What do you think ?
Crucial? If ever there will be a regulation (and honestly it was already present), it will be good for all users as they can used bitcoin without violating any terms or make themselves kinda safe and protected from frauds and related thing.
Positive because for bitcoin to become more accessible others it has to be regulated. Negative thing will just be concern of those who doesn't want a centralized thing which is not possible when they used exchanges.
That depends on which country is making regulation on Bitcoin and the popularity of BTC in that region, the impact which Crypto-currency community will face due to the regulations implemented will vary according to which country decided to regulate Bitcoin.
Luckily it's not yet been regulated here in my country and I wouldn't want that to happen because this currency isn't yet been running stable. If government will take over to that I think it's not good and talking about decentralized currency, we have freedom that will be hampered with that regulations.
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