Topic: How do you think, will states be able to regulate the crypto currency? - page 2. (Read 3398 times)
November 03, 2017, 10:35:55 PM
That's impossible. The only way to do that is to own part of the supply or have strict laws. Even then, enforcing them is impossible.
November 02, 2017, 11:11:34 AM
I think it will not.
First of all, one of the main objectice why Bitcoin was created is to have a digital currency available worlwide at is not regulated by any central bank or government.
Second, the United States already has it's own currenct to regulate which is the US dollars. It no longer need to have another currency to regulate.
Third, Bitcoin is not owned by the US nor by any country. That's why regulating it needs to approval of the majority of the Bitcoin holding countries. Or maybe if they own more than 50% of it.
You are wrong. The fact that the state cannot control the issue of coins does not mean that it can't regulate this market. The state will control all operations for Fiat. This is enough to take high tax and not to develop bitcoin. If there will be a trade with bitcoin will be a complete ban of the state for such operations. First of all, one of the main objectice why Bitcoin was created is to have a digital currency available worlwide at is not regulated by any central bank or government.
Second, the United States already has it's own currenct to regulate which is the US dollars. It no longer need to have another currency to regulate.
Third, Bitcoin is not owned by the US nor by any country. That's why regulating it needs to approval of the majority of the Bitcoin holding countries. Or maybe if they own more than 50% of it.
November 02, 2017, 09:20:26 AM
I think it will not.
First of all, one of the main objectice why Bitcoin was created is to have a digital currency available worlwide at is not regulated by any central bank or government.
Second, the United States already has it's own currenct to regulate which is the US dollars. It no longer need to have another currency to regulate.
Third, Bitcoin is not owned by the US nor by any country. That's why regulating it needs to approval of the majority of the Bitcoin holding countries. Or maybe if they own more than 50% of it.
First of all, one of the main objectice why Bitcoin was created is to have a digital currency available worlwide at is not regulated by any central bank or government.
Second, the United States already has it's own currenct to regulate which is the US dollars. It no longer need to have another currency to regulate.
Third, Bitcoin is not owned by the US nor by any country. That's why regulating it needs to approval of the majority of the Bitcoin holding countries. Or maybe if they own more than 50% of it.
November 02, 2017, 07:28:04 AM
How do you think, will states be able to regulate the crypto currency?
Firstly every country already has its own currency which has to be regulated regularly .So, regulating the cryptocurrency will be really difficult for the country or the states to regulate it. Also, cryptocurrency is independent of these rules and regulations and will remain like this only. There is very little chance that states will ever regulate the cryptocurrency.
November 01, 2017, 07:59:26 PM
I think that in the future, most states will regulate the process of circulation in their countries of the country. This is a regular stage in the development of the crypto currency and is entirely permissible. It is also permissible and it is usual practice of all states to establish value added tax when performing transactions with any financial assets, which in any case is a crypto currency. Here, however, the question arises how to relate to the rule of possible identification of a person when charging such a tax. After all, does this undermine the principle of anonymity of the crypto currency?
November 01, 2017, 09:25:27 AM
How do you think, will states be able to regulate the crypto currency?
Firstly every country already has its own currency which has to be regulated regularly .So, regulating the cryptocurrency will be really difficult for the country or the states to regulate it. Also, cryptocurrency is independent of these rules and regulations and will remain like this only. There is very little chance that states will ever regulate the cryptocurrency.
October 30, 2017, 11:18:04 AM
How do you think, will states be able to regulate the crypto currency?
Firstly every country already has its own currency which has to be regulated regularly .So, regulating the cryptocurrency will be really difficult for the country or the states to regulate it. Also, cryptocurrency is independent of these rules and regulations and will remain like this only. There is very little chance that states will ever regulate the cryptocurrency.
October 30, 2017, 09:35:18 AM
They can if they want to but just on the surface transactions and not all of them.. The government even have the capacity to stop hackers then it shows that they’re incapable of doing so.. But I’m not against any regulation for if this will be necessary for the hundreds of scamming incidents for this past few years..
Any rules is the reduction of the level of freedom. Even if these rules are intended to improve the rules of use. In the case of government I don't believe in good intentions. Bitcoin could not appear when all users like the Fiat and everyone is happy with how the state distributes income from the economy. 
October 28, 2017, 02:42:07 AM
They can if they want to but just on the surface transactions and not all of them.. The government even have the capacity to stop hackers then it shows that they’re incapable of doing so.. But I’m not against any regulation for if this will be necessary for the hundreds of scamming incidents for this past few years..
October 27, 2017, 09:49:33 AM
No I think not. In the first place, Bitcoin was made to be free. Free from regulation and free from being tracked in transactions. I think also, if ever the government wants to own and regulate it, it would be hard because there are a lot of users already across the globe. Regulations then should come from all of those countries which is hard as we all know different countries sometimes do not meet their interests. That's why we have our each currencies in the first place.
October 26, 2017, 05:50:32 AM
I guess first you need to decide with what people understand under the regulation. The issue of coins, the state will never be able to control because most of the coins of the bitcoin has been mined. Regulation of the turnover is also impossible because it is happening all over the world. The government can only control operations to exchange coins for Fiat. They may prohibit such sharing, but it won't make sense because users will change to another currency and then convert to the local currency. There is only one. To levy a tax on exchange operations or of the proceeds to the Bank account. Then traders will have to register a business to be able to put their investments in cryptocurrencies on costs and avoid paying twice the tax on these amounts.
October 26, 2017, 02:23:37 AM
How do you think, will states be able to regulate the crypto currency?
No way mate, it is difficult to regulate and monitor the bitcoins as it is a decentralized currency and no one has the authority to do so. People are still using and holding the bitcoins without thinking about their local governments, there is no need to fear as the bitcoins will continue to rise by each passing day.
October 26, 2017, 01:27:20 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 “.
October 25, 2017, 03:57:31 PM
The government can regulate the current crypto currency thru the services like exchanges, ICO and wallet providers, but not the crypto currency itself. Or the government from all over the world can make their own crypto currency and make similar organization like the IMF (International Monetary Fund) that have rules and regulations.
October 24, 2017, 02:57:27 PM
Everything the governments of states, U.S. and foreign, have tried against Bitcoin has failed. What else could they plausibly which hasn't been tried already?
October 24, 2017, 02:55:41 PM
The government can't regulate cryptocurrencies. In order to do this you need to have control over the issuance and circulation of currency. I am sure that all governments would like to have the opportunity and then the question of the legalization of bitcoin was not. But since it is not possible they will never accept bitcoin.
Never is a long-term, and never does not exist in theory. They can regulate a lot of steps as their citizens deal with cryptocurrencies and still some governments are more open than others, Japan, for example, created a few rules to regulate the way the population use the cryptocurrency and virtually legalized bitcoin as a usual currency, Switzerland made rules to make the country a safe haven for ICO projects. It´s all about mentality. They may try to ban and prohibit and have theirs citizen breaking theirs laws or they may make a set of rules to allow their population use it, but regulate completely no, there it goes your NEVER.
October 24, 2017, 01:12:57 PM
How do you think, will states be able to regulate the crypto currency?
A governments can do anything, anytime when they likes, they got the power.
But governments should not regulate crypto because crypto is meant to be decentralized / anonymous.
If a government regulates crypto then the beauty of crypto will be lost.
The only way to regulate crypto is regulating all wallet firms and exchanges I think.
October 24, 2017, 09:33:42 AM
How do you think, will states be able to regulate the crypto currency?
I think yes of course, If they want they can do it, Bitcoin is a big thing now for the most powerful countries and they want to regulate it because there is a big money that is involve inside of it and their citizens are making a profit and loss out of it so they will soon regulate it with taxes for that big money that is circulating. Bitcoin and cryptocurrency exchanges as of now I think is not paying in the government regarding those taxes with each every transactions so I think this is the main objective of USA.
The answer is, they can't due to bitcoin's decentralized nature. No one can regulate bitcoin transactions due to the anonymity it provides but if the government of each country are determined to control bitcoin, then I guess that if they acquire at least more than half of the total bitcoin they can monopolize and control the price using the law of supply and demand. But I also guess that if CIA were to intervene with bitcoin transaction, then they just might crackdown the secrets of regulating it, thus imposing tax and becoming a state-policy.
Acquisition of huge amounts of bitcoin would definitely affect supply and demand but then for this to happen it would take much time and money. The best part about bitcoin's decentralized nature is the lack of any control or regulation over bitcoin.
Governments may try to impose taxes on bitcoin transactions in order to generate revenue and protect the interest of the citizens. They may make some regulations such as limited bitcoin holdings or transactions to be made. The CIA may be already trying to intervene with bitcoin transactions already for as much as we know.
October 24, 2017, 07:47:02 AM
How do you think, will states be able to regulate the crypto currency?
A governments can do anything, anytime when they likes, they got the power.
But governments should not regulate crypto because crypto is meant to be decentralized / anonymous.
If a government regulates crypto then the beauty of crypto will be lost.
The only way to regulate crypto is regulating all wallet firms and exchanges I think.
October 24, 2017, 07:28:20 AM
Regulations, of course, depend on the country/state where they are being issued. But they are coming and that's a fact. If not regulations, then bans. As more and more money is being thrown into the crypto market - more and more money is being taken away from the reach of governments with the current pretty much non-existant definition of cryptocurrencies. Also, governments are there to protect their citizens (they should be) and there is no way to protect your people when you have no idea about what they're doing. What I think is the only reasonable way to 'fight' the regulations is by being involved when forming them. Thing is, we need to have a conversation with governments, we have to reach a consensus that would be beneficial to both parties - the crypto community and the country. It simply has to be a win-win situation, otherwise there is no future for crypto. The core characteristics of cryptocurrencies have to remain, but there should be some sort of regulatory system to avoid scams and make this type of currency a safe alternative for the general public. Governments can get tax money from transactions (we gotta pay the taxes, that's just how it is) and therefore it is also beneficial for them. I am not exactly sure yet how to regulate cryptocurrencies in a way that they would keep their 'anonymity' and so on., but I'm currently working on a project with a mission to achieve exactly that - fair, open and regulated environment for cryptocurrency adoption, that is safe and sustainable. We can't forget some of benefits fiat currencies currently have, we have to bring them to crypto.
In fact, to protect the transaction very easy. Such systems exist with Fiat. Until the buyer confirmed that the product is delivered and the terms of the transaction are met the transaction amount is blocked on his account. After confirmation the transaction is automatically resumed and the money goes to the seller. Why do we need the state? Jump to: