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Topic: More Regulations For Cryptocurrency? - page 7. (Read 3844 times)

hero member
Activity: 1596
Merit: 502
October 15, 2018, 04:09:29 AM
regulation is only used and needed for some countries that are still in doubt and are still afraid of the circulation or use of cryptocurrency to become one of the legitimate payment instruments, because I read that cryptocurrency like bitcoin is created because it wants to create a currency that cannot be controlled by anyone so this bitcoin cryptocurrency shouldn't need excessive regulation.
full member
Activity: 343
Merit: 100
October 15, 2018, 03:51:52 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?
We all know that bitcoin is a decentralised crypto currency and thus there is no such proper authentic regulating body over the bitcoin who could keep eye over all the bitcoin activities and not only those countries can control the bitcoin activities who has legalised bitcoin transaction in their nation, though those countries will impose some additional taxes on its every transaction but somewhere it is somewhere good enough as this would control its illegal activities like in selling drugs, explosives, money laundering and many more.
In my opinion, the government is trying to manage more Bitcoins to prevent many possible problems. So creating many rules is inevitable. Besides, we will see good grades when government support is no longer appear scam.
hero member
Activity: 840
Merit: 520
October 15, 2018, 03:45:13 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?
We all know that bitcoin is a decentralised crypto currency and thus there is no such proper authentic regulating body over the bitcoin who could keep eye over all the bitcoin activities and not only those countries can control the bitcoin activities who has legalised bitcoin transaction in their nation, though those countries will impose some additional taxes on its every transaction but somewhere it is somewhere good enough as this would control its illegal activities like in selling drugs, explosives, money laundering and many more.
hero member
Activity: 980
Merit: 502
October 15, 2018, 03:38:48 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?
We all know that bitcoin is a decentralised crypto currency and thus thus there is no such proper authentic regulating body over the bitcoin who could keep eye over all the bitcoin activities and specifically the illegal one and thus bitcoin is now widely used as for selling drugs, explosives, money laundering and its a key for terrorism for terrorists and this is the biggest reason why most of the countries are not legalising bitcoin so the only thing that need change in the bitcoin is its proper regulation.
newbie
Activity: 32
Merit: 0
October 11, 2018, 09:35:14 PM
More regulation for cryptocurren is what we need but we can not regulate it to become centralize currency. It will help bitcoin be legalized but it also will be destroyed soon.
sr. member
Activity: 686
Merit: 250
October 11, 2018, 09:17:20 PM
Of course if bitcoin wants to grow stronger and go further in the future then I think it needs to have general rules. If prices continue to rise, I think the negative issues will arise more. And we need government regulations to protect the interests of investors. This way the bitcoin can grow longer in the future
We do not need the government, if we needed the government then bitcoin and most cryptocurrencies will be very different, the ones that need us to believe that they are needed are the governments but at some point people are going to realize that cryptocurrencies can be used independently of the opinion that the government may have about them and when that happens the illusion of government control will disappear.
member
Activity: 280
Merit: 10
October 08, 2018, 08:58:29 AM
Many governments have regulations for bitcoin and crypto in managing and using it. Each country has policies that manage bitcoins to suit that country. I think this brings about the things that matter. When people can use bitcoin in accordance with the country where they live.
full member
Activity: 2520
Merit: 204
October 07, 2018, 04:44:38 PM
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?

Number one reason government want to regulate bitcoin is because they want to control by worldwide price
Market value to avoid bitcoin price bubble and i thunk the value do want to reach for bitcoin is only in your dreams
jr. member
Activity: 266
Merit: 1
DATABLOCKCHAIN.IO SALE IS LIVE | MVP @ DBC.IO
October 07, 2018, 04:37:34 PM
The regulations are really playing a major role in the recent market status as we can observe that the bitcoin usual price volatility has been in check in some way. I do hope it will be for a time as bitcoin is meant to be volatile in nature.
member
Activity: 686
Merit: 13
October 07, 2018, 04:26:11 PM
More regulations mean acceptance of cryptocurrencies in more countries and it will create a new market for these currencies and it will boost this market with new investors from countries legalese it.
newbie
Activity: 73
Merit: 0
October 07, 2018, 08:16:02 AM
Many governments have regulations for bitcoin and crypto in managing and using it. Each country has policies that manage bitcoins to suit that country. I think this brings about the things that matter. When people can use bitcoin in accordance with the country where they live.
I think the government regulates bitcoin for good purposes, because if it's not regulated there will be many problems. In addition, if the government does not regulate it does not get tax revenue. So the government will control bitcoin, through the place of bitcoin withdraw into fiat money.
full member
Activity: 420
Merit: 110
October 07, 2018, 08:09:51 AM
More regulations, not always mean a bad thing for the crypto world. Some times it is with better regulations and rules that the crypto space become a good environment. Like you see the ICO scams happening around can be deterred to a minimum level when combated with the good crypto environment in a country. It is good unless and until it does not create much intervention into the crypto matters and harm its autonomy operational working. Government probing too much in here can really prove to be detrimental for the market growth.
member
Activity: 588
Merit: 11
October 07, 2018, 07:59:19 AM
The regulation is necessary to prevent money laundering which may greatly influence a country's economy. KYC verifications will be one of the ways to regulate transactions.

Yes i agree, regulations aim to protect people from illegal activities that uses bitcoin and other cryptocurrencies. These illegal activities involves online scams, money laundering and illicit drug trades that common in  the so called dark web. Many countries are now planning to impose it but it may vary in implementation in each country. For some countries, legalizing bitcoin might be the next thing to happen once the regulations are in place.
sr. member
Activity: 1428
Merit: 251
October 07, 2018, 07:53:43 AM
Government regulation should be not made because the value of market cap but because for safety peoples funds. Cryptocurrency should be have government regulation not matter market cap value below 100billions dollar because its real market and much money involve in this market
full member
Activity: 476
Merit: 100
October 07, 2018, 05:45:44 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?
This proves that bitcoin is not a classic pyramid, firstly - the pyramids do not obey technical analysis, and secondly - such rollbacks for the pyramids are deadly at 100%, you do not need to strain much.
full member
Activity: 250
Merit: 100
October 07, 2018, 05:41:52 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've been talking a lot about bitcoin lately, and during that time I've found that a lot of people know about it, but it rather depends on the generation. Bitcoin is much more understandable to young people.
legendary
Activity: 1414
Merit: 1001
October 06, 2018, 02:39:01 AM
Regulation will make circulation and use of cryptocurrency better. Now some negative things do have an impact on how decisions made by the government. Therefore, when there is a definite regulation, the development of cryptocurrency will improve. I am waiting for this to happen and then we will get a much better cryptocurrency era. People need things like this because with regulations, everything becomes far more certain.
full member
Activity: 360
Merit: 100
October 06, 2018, 02:30:25 AM
Of course if bitcoin wants to grow stronger and go further in the future then I think it needs to have general rules. If prices continue to rise, I think the negative issues will arise more. And we need government regulations to protect the interests of investors. This way the bitcoin can grow longer in the future
hero member
Activity: 1148
Merit: 504
October 06, 2018, 02:17:48 AM
Yes, there isn't a possibility that government will add more regulations for cryptocurrency. In the first place, there are many of these cryptocurrencies that is considered to be a scam, yet, they are still operating. With more regulations from the government, this scam crypto can be stop.
With their unlimited strength has many facilities to regulate of course the government can provide any regulation for cryptocurrency
according to their wishes, they can add special rules for the use of bitcoin, because the government has the power to do so
hero member
Activity: 1722
Merit: 528
October 05, 2018, 10:37:26 PM
There will be consequences if cryptocurrencies will be regulated, some will get benefits and some will lose good features. But all in all I will keep looking forward for better regulations of cryptos.

Consequences like what? There are a lot of countries that embraced and regulated Bitcoin as it is and until now, they are not regretting that they regulated it since there are a lot of people visited their country for that certain purpose.

Bitcoin is having a low volatility these past months staying at the price of $6K. I think if this continues, it will be a high probability that Bitcoin will be more used as payment method than a investment and that may lead to more countries regulating Bitcoin in the future.
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