There should really be a regulatory body who will be responsible for the protection of those with interest in the cryptocurrency even the protection of investors. I suggest that they continue to do measures to screen ico and also regulate the funding proceeds to prevent funds being connected to terrorism.
That is a good point. We all know that the cryptocurrencies are more in favor of anonymity and we should be really paying attention to that because if we will have regulation then there is no need to worry any bad things to happen because it can be easily controlled since the regulation is there and the only thing that we need to make sure if the regulation is strong enough to handle circumstances. 
Topic: Regulating Bitcoin - page 4. (Read 4637 times)
Well the first challenge is that bitcoin is decentralised whilst regulation has to be tied to a jurisdiction, making it therefore only local. Overall I think if we want bitcoin to grow and be fully integrated in society regulation will be necessary.
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 It could be a good idea and will help bitcoin grow more but the biggest problem is when the goverment will join into the regulation process. It is hard to tell if when will the government take action and take part of btc regulation. However it could take time to make some regulation in btc.
There should really be a regulatory body who will be responsible for the protection of those with interest in the cryptocurrency even the protection of investors. I suggest that they continue to do measures to screen ico and also regulate the funding proceeds to prevent funds being connected to terrorism.
Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?
For some country, cryptocurrency trade have regulation. Goverment should be regulating bitcoin trade because many people now using bitcoin as their investment and with regulating bitcoin, goverment have income from taxes
Regulation on cryptocurrency trading is needed. It will avoid from money laundring, beside that its goverment obligation to protect their citizen investment. With regulation, it will create good market condition and investor will more confident investing their money
although with regulation it will make cryptocurrency become legal, I wonder how it looks like and I think the government will apply a new tax for people which getting involve in cryptocurrency because they know that people like us will have much money so they need to take a fee to us. but I don't think that it will avoid money laundering but maybe it will reduce money laundering. and I agree that with regulation, trader and investor and every people will be safe when they want to invest their money in the cryptocurrency.
Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?
For some country, cryptocurrency trade have regulation. Goverment should be regulating bitcoin trade because many people now using bitcoin as their investment and with regulating bitcoin, goverment have income from taxes
Yes it has been criticized a lot but with regulation, I don’t think some people would want to be regulated because if it will be ran by the governement, eventually it will be controlled by them and that’s what some are trying to stay away from.
Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?
For some country, cryptocurrency trade have regulation. Goverment should be regulating bitcoin trade because many people now using bitcoin as their investment and with regulating bitcoin, goverment have income from taxes
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 will really appreciate this if proper regulations is being placed on the Bitcoin and the Cryptocurrency world as a whole. Well, I think the Bitcoin is self regulating at the moment and the altcoins are suffering at the moment too. But if proper regulatory bodies are being setup for the purpose of sanitizing the Cryptocurrency world, I believe it will be better and also increase influx of more persons into the Cryptocurrency world/market.
At this point however regulations can depreciate bitcoin and crypto prices as its whatmkst of the people are trying to avoid. Its normal for us to protect our wealth which is why bitcoin holders are lay away when regulations is coming, in fact whenever there are news about it, bitcoin sinks fast.
But when its finally done, I think there will be lesser investor but are confident about it as its like holding gold.
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 am an opponent of the regulation of the cryptocurrency. This will lead to taxation, control ... That is, it is not in the interests of users of cryptocurrencyIf you are against the regulation then you will going to allow Bitcoin to be use in illegal activities like money laundering and you will allow some ICO that are scams to freely roaming and freely to attract investors to join their false projects then steal your hard earned money. You must think wisely on which you will prepare? regulated in which the government will benefit of taxation to help to improve the economy or not regulated but Bitcoin might ruin your country because it was illegally used by bad people?
Yes indeed with this bitcoin certainly requires a very important regulation for a country so one does not become hesitant when going to invest in bitcoin and able to generate profit in the future.
Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?
For some country, cryptocurrency trade have regulation. Goverment should be regulating bitcoin trade because many people now using bitcoin as their investment and with regulating bitcoin, goverment have income from taxes
Regulation on cryptocurrency trading is needed. It will avoid from money laundring, beside that its goverment obligation to protect their citizen investment. With regulation, it will create good market condition and investor will more confident investing their money
Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?
For some country, cryptocurrency trade have regulation. Goverment should be regulating bitcoin trade because many people now using bitcoin as their investment and with regulating bitcoin, goverment have income from taxes
Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?
For some country, cryptocurrency trade have regulation. Goverment should be regulating bitcoin trade because many people now using bitcoin as their investment and with regulating bitcoin, goverment have income from taxes
Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?
The lack of regulation of government with bitcoin is making its security easy to breach. Well although a lot of senior users here are very much knowledgeable in securing their bitcoins, a majority of new users - like me doesn't have an assurance that my bitcoin is safe. I'm just storing it on an online wallet because my bitcoin savings is not that big. 
Well for me, if we really want Bitcoin to be leagalized to a lot of countries, then yes we have to agree that there should be should be some regulations inplace for it. I understand that Bitcoin is decentralized financial innovation but for it to be legalized we have to take the regulations as compromise, again regulations not control over Bitcoin.
You have a point that it is one of the compromises to make it legitimate to any country but I think that is really not the aim of bitcoin (to get some legitimacy from any government) - bitcoin is a revolutionary financial invention aimed at not being monitored and controlled by any third party financial institutions like banks and yeah like government as well.
If anybody in this forum had less assurance about Bitcoin and it's futuristic effect, I don't think it is a crime if he can just forfeit its holdings in it and exit from this forum. Either any Government in any economy gave any form of Regulation, support and whatever or not, Bitcoin with its decentralization flourishing on configured Block chain shall still gain ground, even in such economy, because more and more people are getting to know day in and out about Bitcoin and it's economic prospects effect as trusted on line Digital currency on its own and secured independency.
Well for me, if we really want Bitcoin to be leagalized to a lot of countries, then yes we have to agree that there should be should be some regulations inplace for it. I understand that Bitcoin is decentralized financial innovation but for it to be legalized we have to take the regulations as compromise, again regulations not control over Bitcoin.
But it is not going to be that easy, most people never comply unless they are afraid of the consequences of not doing so, and I'm not so sure regulation will be enough they will need to create laws regarding not paying your taxes of your crypto earnings but in order to get people afraid enough the laws will need to be very harsh, so harsh in my opinion that the regulation will be very similar to a ban.
Well for me, if we really want Bitcoin to be leagalized to a lot of countries, then yes we have to agree that there should be should be some regulations inplace for it. I understand that Bitcoin is decentralized financial innovation but for it to be legalized we have to take the regulations as compromise, again regulations not control over Bitcoin.
But it is not going to be that easy, most people never comply unless they are afraid of the consequences of not doing so, and I'm not so sure regulation will be enough they will need to create laws regarding not paying your taxes of your crypto earnings but in order to get people afraid enough the laws will need to be very harsh, so harsh in my opinion that the regulation will be very similar to a ban. Jump to: