I think the United States of America has a capabilities that they can regulate the cryptocurrency in the whole world; since USA is a dominant and most powerful country in the whole world.
With them and the cooperation of other countries in the world they can build a big opportunity for a good life.
Topic: How do you think, will states be able to regulate the crypto currency? (Read 3402 times)
December 16, 2017, 04:10:47 AM
December 11, 2017, 07:08:53 AM
The way to organize it is that the government must have a bitcoin exchange place to fiat money and have a wallet managed by the state so that the government can manage and monitor the development of bitcoin. I think it's better than bitcoin to be illegal because it is considered a currency that weakens the currency and replaces the function of state banks.
December 10, 2017, 11:44:39 AM
Actually of course it could be I think, if the people and governments really knows more deeply and understand all things related to crypto currency. will definitely be able to regulate crypto currency (bitcoin) and makes a crypto currency (bitcoin) as an alternative currency for the community, but yeah.. it seems that most countries that haven't legalized bitcoin, is still worried about the risks that will adversely affect the country's financial system, as well as the country's economy.
But it doesn't rule out the possibility as time goes by.. I think some countries would be more of loud thinking on crypto currency, it could be that some governments on each countries will trying to legalize bitcoin and regulating it with the rules.
Why is it the people? In legalizing cryptocurrencies interested in the first place the government. I am sure that the state will act repressively. Let me remind everyone that bitcoin was invented to give people freedom. Cryptocurrency is part of a free economy. Any legalization that would be to deprive us of our freedom. The state has Fiat. They let him govern. If the government is fairly distributing the income from the bitcoin economy would not have been born.But it doesn't rule out the possibility as time goes by.. I think some countries would be more of loud thinking on crypto currency, it could be that some governments on each countries will trying to legalize bitcoin and regulating it with the rules.
December 10, 2017, 06:33:55 AM
Actually of course it could be I think, if the people and governments really knows more deeply and understand all things related to crypto currency. will definitely be able to regulate crypto currency (bitcoin) and makes a crypto currency (bitcoin) as an alternative currency for the community, but yeah.. it seems that most countries that haven't legalized bitcoin, is still worried about the risks that will adversely affect the country's financial system, as well as the country's economy.
But it doesn't rule out the possibility as time goes by.. I think some countries would be more of loud thinking on crypto currency, it could be that some governments on each countries will trying to legalize bitcoin and regulating it with the rules.
Why is it the people? In legalizing cryptocurrencies interested in the first place the government. I am sure that the state will act repressively. Let me remind everyone that bitcoin was invented to give people freedom. Cryptocurrency is part of a free economy. Any legalization that would be to deprive us of our freedom. The state has Fiat. They let him govern. If the government is fairly distributing the income from the bitcoin economy would not have been born. But it doesn't rule out the possibility as time goes by.. I think some countries would be more of loud thinking on crypto currency, it could be that some governments on each countries will trying to legalize bitcoin and regulating it with the rules.
December 10, 2017, 05:55:45 AM
Actually of course it could be I think, if the people and governments really knows more deeply and understand all things related to crypto currency. will definitely be able to regulate crypto currency (bitcoin) and makes a crypto currency (bitcoin) as an alternative currency for the community, but yeah.. it seems that most countries that haven't legalized bitcoin, is still worried about the risks that will adversely affect the country's financial system, as well as the country's economy.
But it doesn't rule out the possibility as time goes by.. I think some countries would be more of loud thinking on crypto currency, it could be that some governments on each countries will trying to legalize bitcoin and regulating it with the rules.
But it doesn't rule out the possibility as time goes by.. I think some countries would be more of loud thinking on crypto currency, it could be that some governments on each countries will trying to legalize bitcoin and regulating it with the rules.
December 10, 2017, 05:18:00 AM
Crypto still go down to fiat so I think government will oblige their local exchanges to tax every conversion and withdrawal that is made by the owner of btc and crypto.
I don't know what it will give to the government. It seems to me that it makes no sense to require exchanges to report all exchange transactions and findings. On the exchange there are people from different countries and the taxes they must pay in their countries. States enough to control the flow of money to Bank accounts in order to collect all their citizens taxes. December 09, 2017, 10:06:25 PM
Crypto still go down to fiat so I think government will oblige their local exchanges to tax every conversion and withdrawal that is made by the owner of btc and crypto.
December 07, 2017, 10:42:17 AM
The coordination of government and the company and management of bitcoin will help to stabilize the regulate the system in field of cryptocurrency; with this they can help each other to provide a organize system in all aspects.
November 19, 2017, 04:01:05 AM
I think government will implement that all business, stores or any services need to submit all the transactions that they have that involves crypto. They can track everyone so they will know who will they tax or others who are using cryptos that came from money laundering.
November 18, 2017, 11:59:38 AM
How do you think, will states be able to regulate the crypto currency?
If you are pertaining on regulating all of the crypto currency then that will be impossible since part of it's feature is that it is somehow anonymous so no one has the exact and complete ledger of the names of the people who own coins and tokens and the amount that they own. In order for the states to regulate it this is the first details that they need to have.
So for the state to regulate crypto currency they need to start from square one which means abolishing all existing crypto currency and doing a state governed crypto currency from the start, which I think will not succeed.
November 17, 2017, 08:58:46 PM
States can regulate cryptocurrency by the use of controlling the transactions around it, for example they can issue a tax towards every transaction for buying and selling crypto currency, by that you can regulate and control the flow of cryptocurrency.
November 13, 2017, 12:53:50 PM
Bitcoin is a international virtual money states must first allow in here legislation the methods of using and the transactions of bitcoin but this needs an intervention of the Central Bank for this state.
persons can speculate their transaction of bitcoin not in legal market.
but now there's many countries are accepting bitcoin we hope that the others states do the same thing
Why do you need it? So you want to quickly get into slavery? I don't understand those people who want the state to regulate the cryptocurrency market. Then what bitcoin is different from Fiat? Bitcoin has been given to us so that we escaped from under the control of the state. If you are satisfied, use Fiat. persons can speculate their transaction of bitcoin not in legal market.
but now there's many countries are accepting bitcoin we hope that the others states do the same thing
November 13, 2017, 03:35:13 AM
Bitcoin is a international virtual money states must first allow in here legislation the methods of using and the transactions of bitcoin but this needs an intervention of the Central Bank for this state.
persons can speculate their transaction of bitcoin not in legal market.
but now there's many countries are accepting bitcoin we hope that the others states do the same thing
persons can speculate their transaction of bitcoin not in legal market.
but now there's many countries are accepting bitcoin we hope that the others states do the same thing
November 10, 2017, 01:56:30 PM
My own opinion is, they should be a regulatory body were all up coming ICO should be verified to a standard before they are allowed to flag of.... There team should be check and contacted, there company should be verified... and the problem they tend to solve me be unique else they should not approve the ICO... this will help a long way
This is one area that regulation might help the users. Checking Icos is important so that they don't just come and leave investors in more debt. Hence, even if total regulation from mining to everything about cryptos might be difficult at least that of Icos is important.
For instance, some icos come promising goodies while their site are prone to collapse when hit by traffic of subscribers, just like we are witnessing in many ico site now, because they either didn't do their research very well, they are incompetent or not ready.
November 10, 2017, 03:47:29 AM
The government as an elected officials by the people has the mandate to protect and serve for the betterment of them. In that alone most government officials uses that to regulate bitcoin/cryptocurrencynot for that reason but most because they’re protecting they’re investments in banks.
They can regulate bitcoin but not the users. We can go beyond anonymity and hide/run from authority but until when? is a sad truth. We must follow laws that may implemented and share to our countries economy improvements.
Even bitcoin should be decentralized but because of abused and scammers we pay the price that our member of the community mistakes and that is “regulation “.
They can regulate bitcoin but not the users. We can go beyond anonymity and hide/run from authority but until when? is a sad truth. We must follow laws that may implemented and share to our countries economy improvements.
Even bitcoin should be decentralized but because of abused and scammers we pay the price that our member of the community mistakes and that is “regulation “.
I think it is the other way around. Governments can regulate their users, but not bitcoin use. Bitcoin's decentralization makes it immune from interference from governments, so governments would have to regulate how users use their bitcoins. They cannot stop it, but they can stop the users.
November 08, 2017, 01:19:22 AM
My own opinion is, they should be a regulatory body were all up coming ICO should be verified to a standard before they are allowed to flag of.... There team should be check and contacted, there company should be verified... and the problem they tend to solve me be unique else they should not approve the ICO... this will help a long way
November 05, 2017, 06:25:19 AM
How do you think, will states be able to regulate the crypto currency?
In my opinion, there is no way that states or the government can control/regulate cryptocurrencies in general due to its decentralized nature. But they may, in effect, manipulate the price of it by earning most of the bitcoins in existence, thus making them whales. I also do believe that if the government of each country wants to regulate bitcoin, then it is obvious that they should ban its usage instead of trying to accomplish the impossible. But who wants to ban bitcoin anyway? The opportunities it provides to people are far greater than its repercussion on the banking community.
November 04, 2017, 09:10:37 AM
I agree with you if the government can not regulate bitcoin, both legal and illegal in the country, but we know that the legality of bitcoin in a country will have a good effect on bitcoin progress as well as to have a positive effect on the country's economic development but not necessarily change the system decentralize in it and manage bitcoin performance.
November 04, 2017, 08:18:39 AM
I do not think givernment can regulate digital currency, they could not get involve on it, bitcoin can operate without declaring if it is legal or illegal by the government the important is we should used bitcoin in the right way or in a good thing to make the image of bitcoin be positive to other people and the government of all nation in the world.
November 04, 2017, 05:25:56 AM
Regulating bitcoin is going to be a difficult thing for government because they cannot centralise everything even though you shut down access to banks not to make support for exchange sites, transactions can still be carried on. People can chat via social media then make deals either through cash or bank transfer as an individual with that, sales has taken place.
However, where I see them being protected is not to go after individuals rather the exchange sites by allowing them operate and at same time making them comply with the KYC policies by that only those who want to do the right thing will be on exchange platforms while government and it's agencies can channel their effort on tracking down those who wouldn't use the exchange platform because of their illegal activities.
However, where I see them being protected is not to go after individuals rather the exchange sites by allowing them operate and at same time making them comply with the KYC policies by that only those who want to do the right thing will be on exchange platforms while government and it's agencies can channel their effort on tracking down those who wouldn't use the exchange platform because of their illegal activities.
Jump to: