Topic: How do you think, will states be able to regulate the crypto currency? - page 4. (Read 3398 times)
October 16, 2017, 07:13:13 AM
States will have the possibility to regulate the cryptocurrency. But the ability to adjust the Fiat of the state is always there. I'm sure the government will deal with trade in bitcoins will impose any deal on the exchange of bitcoins for Fiat. The state will not conduct these transactions and therefore will not take the risk in case bitcoin goes bankrupt.
October 16, 2017, 07:04:36 AM
How do you think, will states be able to regulate the crypto currency?
i don't think the states can regulate the crypto because they can not get involve inside the crypto currency world and they only can learn what is crypto currency. maybe they can protect their citizen from scamming program but they can not control or regulate the crypto. i think they will make some program or something like that to see the transaction in crypto world so they will know what is going on in crypto currency. or maybe they can controlling the exchanges and then the exchanges cooperate with government to manage or regulate the exchanges.
It is better to let the government to make services out of bitcoin or cryptocurrency. States should make initiative for the citizens to use bitcoin while they citizen can give back to the government for the economy. Because even if they regulate it, they cant really control how much would to each citizen and probably rich companies from the state will take advantage of it and now the usually common citizens.
October 16, 2017, 05:37:56 AM
How do you think, will states be able to regulate the crypto currency?
Before legalizing the bitcoin the government will make an policy thru their legislative department and compose a policy or law on how to proper handle the crypto currency then after that it will vote in congress for the approval until it will pass to the president and sign. Mostly affected of this regulations will be the local exchanges, ICO and the bitcoin holders in which they may required an proper identification or government ID during their transactions with the local exchanges in order for them to be trace all the time.
October 16, 2017, 04:55:42 AM
How do you think, will states be able to regulate the crypto currency?
As a law abiding citizen of my country and a bitcoin enthusiast. I’m stock between this two option on what should be or what best for the government and cryptocurrency.
And if regulation is for the country’s economic progress and for the bitcoin users security about scammers against scammers and exchanges with overpriced fees and unwanted closure.
And being a bitcoin enthusiast I’m a little wired that regulating this would affect its value and the interest of investors as the highly hate a centralized system.
October 16, 2017, 01:29:28 AM
Government can't regulate cryptocurrencies. Cryptocurrencies are not bound to be regulated. That's what they were always saying. Because cryptocurrencies are decentralized. But they already find a way to regulate cryptocurrencies and it's users. By regulating all exchanges. This is the only way to regulate cryptocurrencies. Most transactions are being made from exchanges. So if they regulate them. They can regulate cryptocurrecies indirectly. Like Japan did recently. They are the first country which issues licence to their local cryptocurrency exchanges. Many countries will follow as expected especially China. I think they are going to issue licence for their local exchanges soon. Now exchanges needs to be evaluated and need to comply to get licence.
BTW, it's better though. As you can see the effect at the price of bitcoin. Bitcoin is surging. It can even hit up to $6000 this month. I see some people are worrying about regulating the exchanges. But for me it's a good thing because cryptocurrency will be close to government. If they worry about tax. It's inevitable. We are bound to do that as a citizen. It's better than this than to ban cryptocurrency. That's messed up.
BTW, it's better though. As you can see the effect at the price of bitcoin. Bitcoin is surging. It can even hit up to $6000 this month. I see some people are worrying about regulating the exchanges. But for me it's a good thing because cryptocurrency will be close to government. If they worry about tax. It's inevitable. We are bound to do that as a citizen. It's better than this than to ban cryptocurrency. That's messed up.
The exchanges that they regulated is it the exchange from cryptocurrency to fiat?
If this is the one it will still remain the same exchanges of crypto will still be decentralized countries still don't control it and they will just have a control on the exchanges to their currency. It is indeed a positive improvement for BTC it only means that government are seeing it's potential and that it really has a use.
I'm just wondering how are they going to compute the taxes for such exchanges if the sources of BTC are anonymous?
October 15, 2017, 10:37:09 AM
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.
October 15, 2017, 05:54:35 AM
How do you think, will states be able to regulate the crypto currency?
i don't think the states can regulate the crypto because they can not get involve inside the crypto currency world and they only can learn what is crypto currency. maybe they can protect their citizen from scamming program but they can not control or regulate the crypto. i think they will make some program or something like that to see the transaction in crypto world so they will know what is going on in crypto currency. or maybe they can controlling the exchanges and then the exchanges cooperate with government to manage or regulate the exchanges.
It is better to let the government to make services out of bitcoin or cryptocurrency. States should make initiative for the citizens to use bitcoin while they citizen can give back to the government for the economy. Because even if they regulate it, they cant really control how much would to each citizen and probably rich companies from the state will take advantage of it and now the usually common citizens.
October 15, 2017, 03:12:46 AM
How do you think, will states be able to regulate the crypto currency?
i don't think the states can regulate the crypto because they can not get involve inside the crypto currency world and they only can learn what is crypto currency. maybe they can protect their citizen from scamming program but they can not control or regulate the crypto. i think they will make some program or something like that to see the transaction in crypto world so they will know what is going on in crypto currency. or maybe they can controlling the exchanges and then the exchanges cooperate with government to manage or regulate the exchanges.
October 14, 2017, 10:46:09 PM
How do you think, will states be able to regulate the crypto currency?
Bitcoins or any other crypto currencies cannot be regulated but the users of it or establishments like exchanges and the ICO would be regulated. Government will just impose a law or rules on how to send and receive the coins like the people who like to change their bitcoin to fiat should be required an ID for proper identification records and they shall pay taxes for every amount they want to be converted by this examples government can monitored every transaction.
October 14, 2017, 09:13:33 PM
How do you think, will states be able to regulate the crypto currency?
It is they’re choice to make, regulating and making a law on regulating bitcoin is they’re job and asking us won’t make any difference as we don’t have a power against it.
If states buy 51% of bitcoins
I think that will result as bitcoin more uncontrollable if they do that as the prices will go up at a scale of 10000$ if they make that move.
I can only think of one thing they must do or have to make “a new coin”, supported by financial institutions and government with the fiat enthusiast. It will destroy bitcoin a new one will come but controlled by the central banks and govern by state laws.
October 14, 2017, 05:21:01 PM
Government can't regulate cryptocurrencies. Cryptocurrencies are not bound to be regulated. That's what they were always saying. Because cryptocurrencies are decentralized. But they already find a way to regulate cryptocurrencies and it's users. By regulating all exchanges. This is the only way to regulate cryptocurrencies. Most transactions are being made from exchanges. So if they regulate them. They can regulate cryptocurrecies indirectly. Like Japan did recently. They are the first country which issues licence to their local cryptocurrency exchanges. Many countries will follow as expected especially China. I think they are going to issue licence for their local exchanges soon. Now exchanges needs to be evaluated and need to comply to get licence.
BTW, it's better though. As you can see the effect at the price of bitcoin. Bitcoin is surging. It can even hit up to $6000 this month. I see some people are worrying about regulating the exchanges. But for me it's a good thing because cryptocurrency will be close to government. If they worry about tax. It's inevitable. We are bound to do that as a citizen. It's better than this than to ban cryptocurrency. That's messed up.
BTW, it's better though. As you can see the effect at the price of bitcoin. Bitcoin is surging. It can even hit up to $6000 this month. I see some people are worrying about regulating the exchanges. But for me it's a good thing because cryptocurrency will be close to government. If they worry about tax. It's inevitable. We are bound to do that as a citizen. It's better than this than to ban cryptocurrency. That's messed up.
October 14, 2017, 03:57:50 PM
If states buy 51% of bitcoins
October 14, 2017, 09:45:56 AM
How do you think, will states be able to regulate the crypto currency?
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