More Regulations For Cryptocurrency? - page 19.

Kez1817

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www.cd3d.app

Quote from: DOGECOIN92 on July 08, 2018, 06:13:01 AM

Hello, would love to get your opinion on this topic. Do you think there would be more regulations regarding cryptocurrency by the Government? Both now and the future? Let’s say bitcoin price rises to $100,000 per bitcoin, Do you think the government would actually let it be and function on its own without constant regulations? Well, personally I think we would see more regulations from the government down the line to a 1 Trillion Dollars total market cap and above. But I’m positive such regulations won’t hamper on the further growth and advancement of cryptocurrency. So tell me, what do you think?

I think sooner or later government can regulate cryptocurrency for a reason that they can hold bitcoiner,put taxes and rules to follow speacially if crypto will continue to develop and become accepted anywhere in the world. But it is all depend on us if we accept those regulation or not. I believe while cryptocurrency continue to spread and become broad there are also a lot of changes may happen because i know government will not stop finding a way to regulate it.

careCentre7

newbie

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Quote from: cryptodalton on July 09, 2018, 12:55:41 PM

I think if the government fully have control over crypto currency then crypto currency will loose their identity as a decentralization project. However, few regulations would be good, like imposing tax on it. People will consider it legalized and the demand for it will increase more further.

I totally agree with you. The main idea of cryptocurrency is decentralization. More regulations on it will make it a centralized system, where the government have some kind of control over it.

cacvy3

member

Activity: 163

Merit: 10

Let's be honest, regulations are more than needed if you want to have a clear cryptocurrency ecosystem without any scams, so that is the main reason of why i really support some kinds of regulations coming from some countries.

cizatext

member

Activity: 952

Merit: 41

Well the highest the government can do when KT get to the point they realizes that they can not influence more control or regulate crypto currency they will start attacking and making bitcoin about bitcoin in other to affect the price and then attack the market but God has always being proofing them wring.

braZZers123

member

Activity: 216

Merit: 15

It seems to me that the rules on the part of the countries will hinder the rise in prices for bitcoins and other crypto-currencies. Since many investors will invest their money more swiftly.

Buster2001

newbie

Activity: 16

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Some regulation should prove good for the crypto in the long run because all the stakeholders, i.e. ordinary people, government, traders want to be sure everything is safe with crypto. It might take time, but safety should not be underestimated.

vual

hero member

Activity: 714

Merit: 500

We will have much more rules regardless of the actual Bitcoin with no issue its marketplace. It is currently happening gradually. It is as much as all of us to simply accept this or even refuse this as well as increase the tone of voice. Creating a foreign currency doesn't have made use of in the event that ultimately it's controlled. Essentially, Bitcoin was made to obtain back again a few privateness and also to reduce government authorities as well as banking institutions.

Direwolve735

full member

Activity: 448

Merit: 232

I believe that the regulation of crypt currency sphere is necessary only for the crypto-currency market to become more stable. This will give investors more confidence and they will begin to develop this sphere more actively. However, I insist that regulation should be made by the participants of the crypto sphere, and not by third parties.

cabron

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https://www.betcoin.ag

Quote from: keanne_isaac on July 11, 2018, 05:23:58 AM

More regulation for crypto currency may have negstive impact for a short period of time but once it was swallowed by market sentiments price may return to normal and regulations in crypto is needed for the investors safety and this could prevent criminals to use crypto to launder their illegal money.

Which could be the result of trust. Investors will result to trusting the market when its regulated by an entity or the government itself. I don't know if the anon developers are going to be open for this regulations. It does mean that if something happen to the market like it will collapse just like what happen to wallet street to government will intervene right?

keanne_isaac

full member

Activity: 392

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www.daxico.com

More regulation for crypto currency may have negstive impact for a short period of time but once it was swallowed by market sentiments price may return to normal and regulations in crypto is needed for the investors safety and this could prevent criminals to use crypto to launder their illegal money.

JerryJam

member

Activity: 238

Merit: 11

Some countries have already introduced certain rules for the use of cryptocurrencies. But I do not think that bitcoin will obey other people's rules. It is unique and it has its own laws.While the government of some countries can not decide how to deal with cryptocurrency people still continue to produce and use it.In order to take taxes from the crypto currency, it is necessary that its production be recognized as entrepreneurial activity.

duoworld

newbie

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Most countries are silent about bitcoin, and they are still concerned. What is really forbidden is ICO or some places that are on the verge of breaking the law. Moreover, I think that will soon be in contact with the ban on Bitcoin.

ghermghuda

jr. member

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Oh yes indeed. I do think so. My reason being that most countries are silent on this whether to make it legal or illegal. And as they say, silent means concern. Meaning those who haven't made any stand on it yet are thinking about what to do next to regulate it. In the same way, those who have already regulated are also planning on making it more regulated ,and so I think we can no more run from that.

annasadia

newbie

Activity: 196

Merit: 0

There could be more regulations on the crypto currency, depending on the country. Some countries are very strict while the other are quite lenient and are more in favor of the crypto currency market. This mainly happens because the government has a fear regarding illegal activities because the transactions cannot be traced.

angelfaria

newbie

Activity: 280

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The world of cryptocurrency has managed to get the attention of the whole world. In present, Bitcoin, being one of the best cryptocurrencies, the community is constantly growing and it is also expected that it will grow more in future and even if it is on some conditions, there would be a time on when every country will partially be dependant on Bitcoin.

Jaslinbor28

newbie

Activity: 252

Merit: 0

We all know crypto currency is not acceptable by all the countries. But some countries are accepting crypto currency because in their country this market is popular. I hope in near future this market will a no1 place for invest.

fudster

sr. member

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Merit: 255

The government will do everything they have to have control, they may even have their own exchange as part of the solution. Its not going to be surprising if that happen. The only possible way to get some taxes are thru the exchanges and it might happen soon, exchanges today are popping out, some are doing ICO and one in particular is supported by media like Level01 which is supported by REUTERS. Reuters?

TooDumbForBitcoin

legendary

Activity: 1638

Merit: 1001

Quote from: rahimali on July 10, 2018, 07:44:09 AM

I too think that more regulation will be imposed on cryptocurrency. I wouldn't worry if this were done for the betterment of crypto. But the sad part is while regulating they are concentrating more into their interest. Crypto is kind of being used. I am worried and wants to know what others think.

Authorities wants but is is very difficulty to implement some really useful regulation frameworks. Will see. What they will to develop during the next 2 years.

shashikamal

member

Activity: 197

Merit: 10

dApps Development Automation Platform

You might aware that many of the governments are on the bills to regulate crypto currency. Personally in my country i cannot buy Crypto currencies using Fiat & some are not operated in our territory. With the huge amount of money flooding in to crypto field scams happening in every corner & some of groups manipulating the market only for profit. These negative remarks leave new investors in a doubt & let governments to regulate it. In order to avoid these circumstances i personally think regulations will be applied soon. As you know there are limits in many exchanges to withdraw & it has some regulations within the Crypto space as well. But as you mentioned it shouldn't be hammered us & early adopters will have some good gains before some major regulations applied.

RolandoBTC

newbie

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Merit: 0

Quote from: neliawesome on July 10, 2018, 02:55:16 AM

In my opinion the only thing that the government has a right to regulate in crypto is to secure its people to scammers.The government can take actions on it especially when it comes to illegal activities.Then also the government can also implement tax collections because even if its decentralized we are still had a responsiblity as a citizen to pay back not that much as what you think but to pay in return for helping even just a little for contributing to our economy.

Right mate only our government's can do is to make secure all who uses this cryptocurrencies now for the better and improvement of our entire society,,because in this new generation crypto is one of the best way of making life's improvement.

Topic: More Regulations For Cryptocurrency? - page 19. (Read 3844 times)