Regulation of Bitcoin | Bitcointalksearch.org

Dswaggers

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Quote from: Rossy Akbar on June 01, 2018, 10:39:40 AM

I mean if bitcoin in each country has their own regulation it would be a lot of changes can happens, even the price also would change. And I think the government will get so much profit by the taxes also, because if they wanna make a regulation it must be with taxes.

Well bitcoin all together, like in Algeria and Bolivia; its use may be restricted to certain kinds of entities, like financial institutions in China; or it might be totally legal and implemented into the taxation system, like in Israel. Most regulations concerning Bitcoin are not established directly to control Bitcoin itself, but to manage all cryptocurrencies, Bitcoin being one of them. A lot of central financial authorities do not recognize Bitcoin as a currency and regulate it, rather, as an asset, stating that they would not regulate its use, but will warn its citizens of the high risks that come with its usage.

twa

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Quote from: altcoinanalyst1 on June 01, 2018, 10:26:56 AM

Many governments are concern about cryptocurrency and they think it should to be regulated. What do you think regulation and how is it going to effect the price ?

if indeed regulation and supervision of cryptocurrencies can make future investors feel comfortable and comfortable in investing with crypto currencies, of course there will be no problems

ganlianshifu1

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If the government is fully supervised, it is a good thing for the current blockchain market.
If the government opposes the blockchain technology and then suppresses it, it will make the cryptocurrency difficult.
The biggest possibility for the government is to gradually regulate the market.

ngano ba

jr. member

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I think this regulation of bitcoin can be done or happenning if in case the bitcoin or crypto currency will be legit by certain country and state, because only government can only implement regulation for this kind of business in such certain place.

cryptocurrencyguru

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regulation of bitcoin is nt possible only governments can form guidelines for bitcoin and other cryptocurrencies but can't regulate in a complete manner this is not possible for many government why because cryptocurrencies are decentralised

Janeetaa

newbie

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I think the government cannot regulate and control bitcoin for any cryptocurrency, because crytocurrency does not have any restrictions. What can control and regulate crytocurrency including bitcoin is that we are all and all of its users.

lamcouz

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the regulation of digital currency is needed because it prevents abuse of the currency itself and gives assurance to all digital currency users if the currency can be used to transact and be acknowledged by the government so there will be trust and safety to use the money without fear if the currency is not taken as a payment method.

Utitinonire

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You will see companies that have existed long ago announcing ICO. They just mop up free cash and won't list on better exchange and still dump on investors I pity those falling for their gimmicks. Besides ICO is contributing to the less growth of crypto market cap money needs to be invested in already existing coins not chasing a new project without prototype and bunch of whitepaper written by school boys.

vhroen

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One of the reasons why some governments banned Bitcoin or cryptocurrency is that there is no clear or exact law or provision in their constitutions stated therein that governs cryptocurrency, apparently, no government has seen this crypto becoming mainstream and when it did, the only solution they are considering is to have some regulations specifically exchanges and other programs like multi-level marketing that might involve Bitcoin. So I think regulation is not bad at all for it will further create confidence among the investors and users, also its legality cannot be questioned.

vin22

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Governments from different country are concern on the crypto world base on how they have seen that blockchain is making many people 👨‍👨‍👦 millionaire and billionaire with its help and they are afraid that there citizens might loss there assets if it vanish one day.
And the second reason why they want to regulate it is that, people trading with crypto can start paying task base on there daily or monthly income in it.

MNtrio

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Quote from: altcoinanalyst1 on June 01, 2018, 10:26:56 AM

Many governments are concern about cryptocurrency and they think it should to be regulated. What do you think regulation and how is it going to effect the price ?

I think if cryptocurrency will be given a regulation by the government for sure they will take that as an advantage for them to get a lot of money.

Harrisonimo

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Quote from: altcoinanalyst1 on June 01, 2018, 10:26:56 AM

Many governments are concern about cryptocurrency and they think it should to be regulated. What do you think regulation and how is it going to effect the price ?

The government still has the power as at today and are in authority to do as they please while the time still permits. They have frustrated the efforts if the bitcoin/cryptocurrency but I do believe with their regulations, the bitcoin will still fly to become the world currency.

mr_enoc

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Quote from: altcoinanalyst1 on June 01, 2018, 10:26:56 AM

Many governments are concern about cryptocurrency and they think it should to be regulated. What do you think regulation and how is it going to effect the price ?

For me, it is needed since not all ico are true and not all team are working hard to develop a new coin but instead working hard to invite a new investors and declare the project as scam and will bring all the money alone.

Harrow30

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Quote from: altcoinanalyst1 on June 01, 2018, 10:26:56 AM

Many governments are concern about cryptocurrency and they think it should to be regulated. What do you think regulation and how is it going to effect the price ?

The regulations have been carried out and I believe it is still actively in place now. It has helped to bring in more investors in the cryptocurrency market and as somewhat helped in the bitcoin price stabilization.

gidaahmad

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There are two possibilities in the price issue after the regulation. If the government gives a ban, then the demand will automatically go down and the price will go down. The second possibility is that if the government gives permits or legalizes cryptocurrency, the demand for crypto in that country will increase slowly and prices will rise...

adjudicator

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Quote from: altcoinanalyst1 on June 01, 2018, 10:26:56 AM

Many governments are concern about cryptocurrency and they think it should to be regulated. What do you think regulation and how is it going to effect the price ?

Just like what happen to China, the government banned the cryptocurrency to their countries. Yes, they regulate the bitcoin nad other cryptos, before when they do that the price of bitcoin goes down but in the end we can say that bitcoin is successful today.

massimo123

newbie

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This will allow many people not afraid to invest in electronic money.
Blockchain technology will perform properly afterwards. But there are some rules that can be set to prevent illegal tasks with bitcoin.

oni4an

sr. member

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Whichever is the regulation. If a representative of many countries will meet at the summit and adopt the same rules for the regulation of Bitcoin for all, in this case, I think there won't be any problems. But if every bank, every country will start to put its own conditions, then it will be a fiasco.

heppot

sr. member

Activity: 616

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Although there are no clear rules yet, some local regulators forbid this trade because of unreasonable value spikes. For example, securities regulators in Texas and North Carolina issue orders to stop transactions in bitconnet and the Commodity Futures Trading Commission closes My Big Coin, which has raised $ 6 million.

angelakrasnova

member

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it is very difficult to settle bitcoins and crypto currency, as we all understand that this is a decentralized system, but I think that, due to external factors, each state will come up with a way to work with it.

Topic: Regulation of Bitcoin (Read 1245 times)