Author

Topic: Government regulations regarding bitcoin (Read 145 times)

newbie
Activity: 37
Merit: 0
December 25, 2017, 06:06:00 AM
#7
'Regulation' is too general of a term.

Japan has made Bitcoin a currency, some other countries ban it completely.
full member
Activity: 234
Merit: 100
December 25, 2017, 06:04:07 AM
#6
its hard time, but so many ways to overcome    Cheesy Cheesy Cheesy
newbie
Activity: 33
Merit: 0
December 25, 2017, 05:38:41 AM
#5
Well it will really depend on what kind of regulations that country will put in for the use of Bitcoin. Because based on what I am reading and experiencing there are two types of regulations it can either be limiting the use of Bitcoin or it can be identifying the user of the Bitcoin. Both have different effects of course on the cryptocurrency or the worst thing is it can be both.

This is true. It really depends on what regulation they will put. For example, it will be really helpful if the regulation can identify, or if not, at least decrease the chance of those scammers in the bitcoin world.
hero member
Activity: 1806
Merit: 672
December 25, 2017, 05:23:01 AM
#4
Well it will really depend on what kind of regulations that country will put in for the use of Bitcoin. Because based on what I am reading and experiencing there are two types of regulations it can either be limiting the use of Bitcoin or it can be identifying the user of the Bitcoin. Both have different effects of course on the cryptocurrency or the worst thing is it can be both.
member
Activity: 165
Merit: 14
December 25, 2017, 05:12:56 AM
#3
It really depends on the regulations to be imposed to bitcoin. If they are going to put tax on it, that will kill the main feature of bitcoin that is being Decentralized. If the regulation will help the bitcoin grow then its fine.
legendary
Activity: 1638
Merit: 1163
Where is my ring of blades...
December 25, 2017, 05:10:31 AM
#2
it depends on what kind of regulations we are talking about. it is not always bad and it is not always good either.

for example the regulations that Japanese government put in place helped bitcoin grow to what you see today. they made it not only legal to use bitcoin for payments but also made it easy for anyone to do it. and on top of that they removed taxes on bitcoin payments.

other countries are also following this more or less. and those that do will help increase bitcoin's adoption. those that go other ways may not.
newbie
Activity: 3
Merit: 0
December 25, 2017, 04:39:44 AM
#1
What will happen if the government of each country put regulations regarding bitcoin..I just read in the internet about our Central Bank putting regulations in joining bitcoin..do you think they can do that?, will it be bad or good for us..
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