Regulating Bitcoin - page 17. | Bitcointalksearch.org

Don Pedro Dinero

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Quote from: leonair on November 07, 2017, 03:08:20 PM

Quote from: sunnex100 on November 04, 2017, 08:15:56 AM

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.

Yes, and I also think if bitcoin is going to get massively adopted, it is going to be through centralized exchanges, especially if government regulates them and masses see it on the news.

Does anyone know how many wallets there are in exchanges vs. private wallets and wallets in decentralized exchanges? Is it possible to get that info?
I might be mistaken but I don’t see the average Joe buying a trezor to buy his first 100$ worth of bitcoins, I see more normal he buys them in Coinbase.

richardsNY

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Quote from: error08 on November 07, 2017, 12:45:26 PM

Soon or later, every country will issue new regulations regarding cryptocurrency.

That's how it should be, at least in a fair and appropriate way, but we all know that not every country will follow that path. Various countries have already said to prohibit crypto in general, and hand out penalties for those who don't abide by these laws, which obviously is a sign of weakness. It's sad to see how hostile certain countries are towards crypto currencies, but it directly shows that they want to do everything they can to prevent people from enjoying financial freedom. People are supposed to remain in this system for their entire life, and therefore crypto is something they want to keep outside their borders.

leonair

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Quote from: sunnex100 on November 04, 2017, 08:15:56 AM

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.

error08

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Quote from: sunnex100 on November 04, 2017, 08:15:56 AM

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

Criticized mean nothing, action is something.
No matter who criticized cryptocurrency, government should regulate cryptocurrency, or at least regulate exchange and crypto-based business.
After Japan legalized bitcoin as legal payment, and its price continue to rise, more countries planned to regulate cryptocurrency.
They can't avoid this market, which has been growing and reach over $198 Billions dollars, it's too big to not notice it. Soon or later, every country will issue new regulations regarding cryptocurrency.

warrior333

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Quote from: BartS on November 07, 2017, 12:11:19 PM

Quote from: sunnex100 on November 04, 2017, 08:15:56 AM

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

They can try but at the end it is not going to be possible since they cannot enforce their rules they will need the cooperation from the users of bitcoin and that means that governments lose one of the greatest powers they have the power of coercion the power to make you do something you do not want, and if people decide to keep their bitcoin and not tell anyone there is nothing they can do against that person.

Such people don't exist. Each user periodically faced with the exchangers. As soon as you make a deal, you become visible to the government. All your future actions will be to monitor the government. Now they do not have the necessary legislation, but that could change at any time.

BartS

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Quote from: sunnex100 on November 04, 2017, 08:15:56 AM

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

They can try but at the end it is not going to be possible since they cannot enforce their rules they will need the cooperation from the users of bitcoin and that means that governments lose one of the greatest powers they have the power of coercion the power to make you do something you do not want, and if people decide to keep their bitcoin and not tell anyone there is nothing they can do against that person.

konco_kenthel

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Quote from: sunnex100 on November 04, 2017, 08:15:56 AM

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

Yes because this rule is very important for the progress of bitcoin in the future because there are still many problems in Cryptocurrency and will automatically interfere with the performance of the Hunter if you want to find an advantage every time.

ajmapalo22

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Yes especially if government will start adaptation and legalizing the transactions of bitcoin and let it be a part of their economy. The only way government can earn control over bitcoin is by establishing regulation for bitcoin transactions with this they can penetrate the market as well as the circulation of bitcoin in their economy.

gabmen

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Quote from: Coffee135 on November 07, 2017, 09:32:53 AM

Quote from: cryptojac17 on November 07, 2017, 09:26:23 AM

Quote from: 13abyknight on November 04, 2017, 10:59:41 AM

That would be the last thing that I would want to happen with Bitcoin. Many countries have already given it a shot, the latest of which to join the list is Australia and this only imposes restrictions on the common Bitcoin users in a particular country. If all these nations rally up and determine to regulate cryptocurrency, its going to be a hard road ahead.

Central bank of Philippine has started to fave the away of regulating Bitcoin they are making polices that is accommodating in nature for BTC operators
in the country not to preempt the operation but for security reasons to prevent it to be used for terrorism financing and money laundering activities. I think this is a welcome development for a country like Philippines because this country is exporting workers around the globe and BTC is a big help for their remittances because its economical and fast.

It seems to me that it is the duty of law enforcement. Let them show the effectiveness of their work. To accuse bitcoin of illegal business is not true. I see this as an attempt to shift the blame to bitcoin. Everybody talks about it but nobody provides any evidence. This is another argument against having to agree to the legalization of bitcoin.

It's inevitable. For bitcoin to be accepted worldwide, it has to be regulated one way or the other. Governments won't allow such a currency that they can't control but people will stand for bitcoin because of it's features. So there would have to regulations to make a compromise

Coffee135

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Quote from: cryptojac17 on November 07, 2017, 09:26:23 AM

Quote from: 13abyknight on November 04, 2017, 10:59:41 AM

That would be the last thing that I would want to happen with Bitcoin. Many countries have already given it a shot, the latest of which to join the list is Australia and this only imposes restrictions on the common Bitcoin users in a particular country. If all these nations rally up and determine to regulate cryptocurrency, its going to be a hard road ahead.

Central bank of Philippine has started to fave the away of regulating Bitcoin they are making polices that is accommodating in nature for BTC operators
in the country not to preempt the operation but for security reasons to prevent it to be used for terrorism financing and money laundering activities. I think this is a welcome development for a country like Philippines because this country is exporting workers around the globe and BTC is a big help for their remittances because its economical and fast.

It seems to me that it is the duty of law enforcement. Let them show the effectiveness of their work. To accuse bitcoin of illegal business is not true. I see this as an attempt to shift the blame to bitcoin. Everybody talks about it but nobody provides any evidence. This is another argument against having to agree to the legalization of bitcoin.

cryptojac17

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Quote from: 13abyknight on November 04, 2017, 10:59:41 AM

That would be the last thing that I would want to happen with Bitcoin. Many countries have already given it a shot, the latest of which to join the list is Australia and this only imposes restrictions on the common Bitcoin users in a particular country. If all these nations rally up and determine to regulate cryptocurrency, its going to be a hard road ahead.

Central bank of Philippine has started to fave the away of regulating Bitcoin they are making polices that is accommodating in nature for BTC operators
in the country not to preempt the operation but for security reasons to prevent it to be used for terrorism financing and money laundering activities. I think this is a welcome development for a country like Philippines because this country is exporting workers around the globe and BTC is a big help for their remittances because its economical and fast.

poodle63

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Quote from: richmcrich on November 07, 2017, 06:58:20 AM

Quote from: sunnex100 on November 04, 2017, 08:15:56 AM

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

Regulating will give more strength and power to bitcoin that’s what I believe because the users will be increase in a short time and same investors and daily traders will also increase and the good thing will be bitcoin will start to use anywhere with fast transitions and I think that will be good if countries make bitcoin regulate in their countries.

For some reasons it can give a good impact to the bitcoin just like the more unfamiliar person will try to trust the crypto caused by the regulating in the crypto will give the more guarantee to invest or use the crypto as a payment method by in another way the crypto will be risky to be controlled by the regulators just like what alreayd happened with the exchange site.

loopes

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i know that bitcoin is lack of regulation but in some of countries have full regulation for bitcoin. let me take China as examples, they strictly prohibit trade bitcoin on their country not only for bitcoin they prohibit ICO as well.

another country like japan are accepted bitcoin freely as payment method, so i think it depends on the countries themselves.

dewi91

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yes.. regulation can give more protect for bitcoin users to protect their asset and their account, many people accept bitcoin and I think they have regulation for bitcoin and regulation can give advantages for that country..

Reid

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It is already done by some countries then why not to others.
They are just postponing the good thing that could happen to them.
It is just because of the tax-free rule which they are concerned about. But if they could come up with a good service that will pay up thru bitcoin then it wont be a problem.

muhammad-adnanzain

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Yes, regulation is for protect user from disadvantages and security bitcoin user for using and transaction using bitcoin for daily usage. But in this day not many country have legalized bitcoin for using bitcoin.

Flor1982

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Quote from: sunnex100 on November 04, 2017, 08:15:56 AM

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 should be because regulating the bitcoin will ensure that it will not be use in crime or illegal activities in which it might ruin the nation's economy, security and governance.It will also help the government to collect tax from bitcoin that it might use to help the country to become more progressive for the welfare of the people.

Dilladupak

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I think especially bitcoin users, I think not too long to see the rules and each government, and we still do not know what kind of government regulations that apply to bitcoin, we live it so that everyone bitcoin users now more trusting because it has rules as previously.

Kronos21

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Quote from: zergenyt09 on November 07, 2017, 06:49:14 AM

Quote from: maydna on November 05, 2017, 12:00:26 AM

Quote from: sunnex100 on November 04, 2017, 08:15:56 AM

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 in future, each of government will apply some regulation for bitcoin especially for bitcoin user related with the crypto currency become widely in every country. but we still don't know what kind of regulating from the government and i hope that the government will not disappointing bitcoin user and will allow bitcoin to be used for their citizen. i think its not too long to see the regulated from each of government is apply and i think we can prepare for this and obey the rule.

Well I think when bitcoin become regulate in countries so I think it’s very good for bitcoin and as well for the users because when bitcoin become regulate in courtiers so the first thing is bitcoin price will become more high and secondly bitcoin will be accountable for tax as well because when something is accountable for tax so that thing is going to do more progress.

Is this a joke? How bitcoin can go up in price if it will impose taxes? Now the price of bitcoin has increased due to the fact that it is increasing its capitalization. Bitcoin is not involved in the economy and therefore other source of capitalization. You know who invests in bitcoin money? Maybe it's money ill-gotten and they will leave bitcoin for legalization?

richmcrich

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Quote from: sunnex100 on November 04, 2017, 08:15:56 AM

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

Regulating will give more strength and power to bitcoin that’s what I believe because the users will be increase in a short time and same investors and daily traders will also increase and the good thing will be bitcoin will start to use anywhere with fast transitions and I think that will be good if countries make bitcoin regulate in their countries.

Topic: Regulating Bitcoin - page 17. (Read 4637 times)