Topic: possible government regulations? - page 10. (Read 9432 times)
THe regulations will go anywhere from confiscation of bank account linked to bitcoin activity to jail time. We will eventually be under heavy attack by governments, they will not let bitcoin develop like its nothing.
regulations are not something you should fear. actually it is the opposite. although there are times when they are hurtful and hard to accept but in general and over time regulation can even be good for bitcoin. because people will trust bitcoin easier and can use it much easier than fearing "what ifs" for the future.
I do not think it will be good. In any case, the government will try to tax the use of cryptocurrency, which is very bad
I guess we could expect governments to be much more aggressive about Bitcoin especially a few years back when the overall stance towards it was gravitating between wariness and complete denial. It would be safe to say that it was mostly due to lack of understanding of the ideas and revolutionary technology it represented. As we see it has changed for the better over the years. So I think that the governments in general would refrain from interventions, but will keep on regulating some aspects of its work.
Yes, there is, in one of the online wallets I've been using, we do also have to comply with the local rules most probably they would get our information specially the source of income. I already saw some users getting banned because of online gambling which is prohibited.
The compliance will only be on the KYC policy just to ensure that when time the government will investigate on the possible money laundering online they can easily trace it, but in tax angle there is no connection as they would not know our venture online although we are earning.This is the government does not like most of all - the inability to tax. They just hide behind the fight against terrorism. In fact, fear of losing income
Yes, there is, in one of the online wallets I've been using, we do also have to comply with the local rules most probably they would get our information specially the source of income. I already saw some users getting banned because of online gambling which is prohibited.
The compliance will only be on the KYC policy just to ensure that when time the government will investigate on the possible money laundering online they can easily trace it, but in tax angle there is no connection as they would not know our venture online although we are earning.
Yes, there is, in one of the online wallets I've been using, we do also have to comply with the local rules most probably they would get our information specially the source of income. I already saw some users getting banned because of online gambling which is prohibited.
The compliance will only be on the KYC policy just to ensure that when time the government will investigate on the possible money laundering online they can easily trace it, but in tax angle there is no connection as they would not know our venture online although we are earning.
Yes, there is, in one of the online wallets I've been using, we do also have to comply with the local rules most probably they would get our information specially the source of income. I already saw some users getting banned because of online gambling which is prohibited.
The compliance will only be on the KYC policy just to ensure that when time the government will investigate on the possible money laundering online they can easily trace it, but in tax angle there is no connection as they would not know our venture online although we are earning.
Yes, there is, in one of the online wallets I've been using, we do also have to comply with the local rules most probably they would get our information specially the source of income. I already saw some users getting banned because of online gambling which is prohibited.
Yes governments can ban crypto currencies as a whole and as a result bitcoin too. Government will need a strong reason to ban bitcoin (or to support their decision of ban). I think we should find solution for the possible misuse of our currency because that is the only major possible reason for government to ban bitcoin. Government can label bitcoin as a currency of criminals and ban it within no time and we should do something to deal with such incident.
regulations are not something you should fear. actually it is the opposite. although there are times when they are hurtful and hard to accept but in general and over time regulation can even be good for bitcoin. because people will trust bitcoin easier and can use it much easier than fearing "what ifs" for the future.
I do not think it will be good. In any case, the government will try to tax the use of cryptocurrency, which is very bad
Government regulations, whether we like it or not is coming and most times when it arrives then it will lift the "veil".In as much this will have its own advantage, the disadvantages cannot also be ignored because the advantage will mean more popularity with increase acceptance from the populace which means the price will go up considering the amount of the coins in circulation but at the same time the basic reason for Bitcoin which is transactions beyond borders might be defeated...
As above.
Has been quiet time after this news pop out. https://www.cryptocoinsnews.com/the-ecb-wants-tighter-control-of-digital-currencies/
I'm wondering what is coming up soon now when Bitcoin make a reputation for oneself and the price just crossed the border of $700.
regulations are not something you should fear. actually it is the opposite. although there are times when they are hurtful and hard to accept but in general and over time regulation can even be good for bitcoin. because people will trust bitcoin easier and can use it much easier than fearing "what ifs" for the future.
I do not think it will be good. In any case, the government will try to tax the use of cryptocurrency, which is very bad
Government regulations, whether we like it or not is coming and most times when it arrives then it will lift the "veil".In as much this will have its own advantage, the disadvantages cannot also be ignored because the advantage will mean more popularity with increase acceptance from the populace which means the price will go up considering the amount of the coins in circulation but at the same time the basic reason for Bitcoin which is transactions beyond borders might be defeated...
regulations are not something you should fear. actually it is the opposite. although there are times when they are hurtful and hard to accept but in general and over time regulation can even be good for bitcoin. because people will trust bitcoin easier and can use it much easier than fearing "what ifs" for the future.
I do not think it will be good. In any case, the government will try to tax the use of cryptocurrency, which is very bad
Watching what taxes. If the percentage is very high, it is more profitable to abandon the use of Bitcoin. Well, some certainly are risks and illegally extract cryptocurrency
from my opinion,the government will only obligate bitcoin users to pay taxes as much as fiat users does
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regulations are not something you should fear. actually it is the opposite. although there are times when they are hurtful and hard to accept but in general and over time regulation can even be good for bitcoin. because people will trust bitcoin easier and can use it much easier than fearing "what ifs" for the future.
I do not think it will be good. In any case, the government will try to tax the use of cryptocurrency, which is very bad
Watching what taxes. If the percentage is very high, it is more profitable to abandon the use of Bitcoin. Well, some certainly are risks and illegally extract cryptocurrency
from my opinion,the government will only obligate bitcoin users to pay taxes as much as fiat users does
regulations are not something you should fear. actually it is the opposite. although there are times when they are hurtful and hard to accept but in general and over time regulation can even be good for bitcoin. because people will trust bitcoin easier and can use it much easier than fearing "what ifs" for the future.
I do not think it will be good. In any case, the government will try to tax the use of cryptocurrency, which is very bad
Watching what taxes. If the percentage is very high, it is more profitable to abandon the use of Bitcoin. Well, some certainly are risks and illegally extract cryptocurrency
regulations are not something you should fear. actually it is the opposite. although there are times when they are hurtful and hard to accept but in general and over time regulation can even be good for bitcoin. because people will trust bitcoin easier and can use it much easier than fearing "what ifs" for the future.
I do not think it will be good. In any case, the government will try to tax the use of cryptocurrency, which is very bad
regulations are not something you should fear. actually it is the opposite. although there are times when they are hurtful and hard to accept but in general and over time regulation can even be good for bitcoin. because people will trust bitcoin easier and can use it much easier than fearing "what ifs" for the future.
I do not think it will be good. In any case, the government will try to tax the use of cryptocurrency, which is very bad
That is what many of us fears. If the government will also cover the tax for crypto currencies then that will be a very bad news for us or it will just going to depend on where country you live. But I hope the government will not regulate and use their power for crypto currencies and just will let us to get some tax free profit.
regulations are not something you should fear. actually it is the opposite. although there are times when they are hurtful and hard to accept but in general and over time regulation can even be good for bitcoin. because people will trust bitcoin easier and can use it much easier than fearing "what ifs" for the future.
I do not think it will be good. In any case, the government will try to tax the use of cryptocurrency, which is very bad
That is what many of us fears. If the government will also cover the tax for crypto currencies then that will be a very bad news for us or it will just going to depend on where country you live. But I hope the government will not regulate and use their power for crypto currencies and just will let us to get some tax free profit.
regulations are not something you should fear. actually it is the opposite. although there are times when they are hurtful and hard to accept but in general and over time regulation can even be good for bitcoin. because people will trust bitcoin easier and can use it much easier than fearing "what ifs" for the future.
I do not think it will be good. In any case, the government will try to tax the use of cryptocurrency, which is very bad
That is what many of us fears. If the government will also cover the tax for crypto currencies then that will be a very bad news for us or it will just going to depend on where country you live. But I hope the government will not regulate and use their power for crypto currencies and just will let us to get some tax free profit.
regulations are not something you should fear. actually it is the opposite. although there are times when they are hurtful and hard to accept but in general and over time regulation can even be good for bitcoin. because people will trust bitcoin easier and can use it much easier than fearing "what ifs" for the future.
I do not think it will be good. In any case, the government will try to tax the use of cryptocurrency, which is very bad
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