Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?
There is nothing impossible, but how to make the regulation that bitcoin itself is made with the goal of decentralization that is not bound by this official financial rule makes the regulation more complicated. 
Topic: Regulating Bitcoin - page 16. (Read 4669 times)
I think those who criticize only some people who do not know crypto. they are jealous of the development of bitcoin but they are afraid to take part in it because of the high risk. I think this part of the virtual world even we gamble has a very high risk of failure. and I think bitcoin will not get regulation.
bitcoin does have a high enough risk as well. because in achieving a success in bitcoin it is very risky. so any risk we still have to face.
I dont like any party to regulate bitcoin, when the regulation being set, it will end up locking the potential of bitcoin, actually it is possible to regulate bitcoin, but no one will used it again if the regulation is applied, people need the freedom currency that is why a lot of people using bitcoin
Regulation is putting limit to the users of bitcoin to avoid any complications. Without regulation or rules or limit to the users of bitcoin then it will be easy for them to use bitcoin into different bad things that might damage the reputation of bitcoin and since bitcoin is decentralized and uncontrollable then regulation is just a good choice to implement in bitcoin for safety measures.
I dont like any party to regulate bitcoin, when the regulation being set, it will end up locking the potential of bitcoin, actually it is possible to regulate bitcoin, but no one will used it again if the regulation is applied, people need the freedom currency that is why a lot of people using bitcoin
Bitcoin is a decentralised system, so regulations can only be implemented on government levels and at local exchange level. Further across the globe no rules can be imposed between 2 users as peer to peer transactions take place. Government is worried because of the misuse and money laundering happening due to Bitcoin, so they may try to impose regulations when people are trying to convert Bitcoin in local currency. But all over regulations in Bitcoin are hard to happen.
Government regulation will only be limited to each of their own jurisdiction and since bitcoin is decentralized, the government will be able to impose regulation when the users convert it to fiat since they already have applicable laws in terms of fiat currencies. It is hard for them to regulate something that they cannot trace directly. This is also the reason why some countries are banning bitcoin because of the anonymity and they are afraid that their citizens would be involved in illegal transactions.
There would be a trade-off between regulation and anonymity. We will probably lose the latter (which is the selling point of cryptocurrencies) since the very notion of regulation is tightening the freedom bitcoin offers. I personally can think of a way of regulating it without jeopardizing anonymity but would I would probably support it if they can come up with a good approach.
Decentralise and autonomous nature of bitcoins attracting many bad/even forces towards it. Central banks of many countries have taken a stand that transaction by bitcoin is highly anonymous so bitcoin can become a tool for crimes like money laundering, drug trafficking, tax evasion, illegal payment. So as a precautionary measure countries like China, Japan, Indonesia, Sweden, Russia, Thailand , Iceland, Vietnam, Australia have decided to either ban completely or regulate bitcoin in their country. Control over operations by these countries have created a confusion in the minds of new bitcoin investors. Regulated permission by these countries may builds a confidence in the minds of bitcoin investors.
Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?
It is possible to make both regulation and control even for use, only it costs a lot of effort and investment. Well, the main desire of those people, but for now it's certainly easier to ban than to invent a new one.
Bitcoin is a decentralised system, so regulations can only be implemented on government levels and at local exchange level. Further across the globe no rules can be imposed between 2 users as peer to peer transactions take place. Government is worried because of the misuse and money laundering happening due to Bitcoin, so they may try to impose regulations when people are trying to convert Bitcoin in local currency. But all over regulations in Bitcoin are hard to happen.
I think those who criticize only some people who do not know crypto. they are jealous of the development of bitcoin but they are afraid to take part in it because of the high risk. I think this part of the virtual world even we gamble has a very high risk of failure. and I think bitcoin will not get regulation.
Goverments can only regulate bitcoin to fiat exchange. Cause they can control fiat flow through banks.
But they cannot regulate bitcoin or any other blockchain based coins. Specially they will never regulate TOR based or Privacy based currencies.
This is just a dream of dictators.
But they cannot regulate bitcoin or any other blockchain based coins. Specially they will never regulate TOR based or Privacy based currencies.
This is just a dream of dictators.
I think the governments of different countries have already tried to do a research for making a law about Bitcoin. What government is controlling and it is hoped that the government will not disappoint Bitcoin users and allow Bitcoin to use it for their citizens.
I also think the same thing like you and i believe that the government are now getting into bitcoin research because they want to clear things up if accepting bitcoin will give them benefits for accepting it and letting their citizen to use it or not. Bitcoin regulation will help also to make sure that the things will not go really bad.
I think the governments of different countries have already tried to do a research for making a law about Bitcoin. What government is controlling and it is hoped that the government will not disappoint Bitcoin users and allow Bitcoin to use it for their citizens.
Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?
bitcoin could be regulated by government when you are converting it to fiat already however bitcoin transaction itself can't be regulared by any government or authorities 
as bitcoin was a decentralized crytpocurrency many would believe that it must be unregulated and need not be controlled by any government forces, but for the security of investors, communities, consumers and supporters, i think regulation is a must but not as much as a strict regulation . KYC and AML is enough but implementing for tatxes is not quite fair.
Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?
If it will, i think it will be related with the process when someone is making an exchange from crypto to fiat currency, because other ways...that is the role of crypto, to make direct payments decentralized and in a transparent way. Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?
Governments are going to want to have some control over Bitcoin to at least collect taxes on earnings. There is also a sense of concern from the big banks that they feel threatened by the potential of cryptocurrencies to make people more independent when it comes to controlling their own money. Cryptocurrencies can provide a way to store, spend, and send funds without the use of a bank. And we know that the big banks are basically running the major world governments.
Governments are not able to regulate totally blockchain because of its nature. Blockchain tecgnology is future of banking system which already failed several times during last 10 years. Governments will gladly accept their own cryptcurrency based on blockchain but bitcoin will play function of "valueable asset"
Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?
One of the main characteristics of Bitcoin is being decentralized so why in the world people will want to criticize it for lack of regulation, Bitcoin exchanges are the one that is worth of a regulation in my own perspective because there are a lot of money involve there that this users entrusting their funds to that centralized platform and it is vulnerable anytime with hackers. People should always be responsible to their cryptocurrencies and never rely no anyone so that they holdings will be safe.
Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?
I think even with a proper regulation they will still find ways to criticized bitcoin and that is inevitable but bitcoin comes this far I don't think it needs to change something.
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