Regulation of Bitcoin - page 10. | Bitcointalksearch.org

Getmon

sr. member

Activity: 1400

Merit: 273

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 ?

They are concerned about cryptocurrency because it works fully well away from any single connection with them. The governments do not see this as a good way for the world to develop. That is why they are looking for ways to get into the game. And they think of releasing certain regulations to force cryptocurrency to somehow pay attention to them. This is not going to affect the price if it does not go as far as declaring crypto and all related activities illegal.

cabitu

member

Activity: 163

Merit: 10

Quote from: BitcoinNewbie15 on June 01, 2018, 10:42:05 AM

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 ?

Really the only thing governments can do is regulate exchanges that Bitcoin is traded on. They could never regulate it on the base layer. It likely would have a negative effect on price in the short term, but long term it would be bullish as BTC would be more legitimized as an asset.

Bitcoin regulation is needed to support bitcoin grows legally. The government should issue formal regulation
Relating to btc operation. Exchange rule transaction fee, taxes on btc transactions, etc.should be regulated to ensure btc operates fluently and gives better services to customers or people.

tikanima

newbie

Activity: 84

Merit: 0

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.

dutchkay

full member

Activity: 434

Merit: 100

I don't think bit needs regulations but there are parts of cryptocurrency that need serious regulations. ICO needs to be regulated if not it will kill the crypto community. Most ICOs are scams and coming ones are just doing it because of the free money. 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.

Rosscy

member

Activity: 243

Merit: 10

Bank Indonesia (BI) states that the regulation concerning the ban of bitcoin will be limited to cover all forms of transactions using bitcoin as a means of payment.

In this regulation, BI again confirms the non-recognition of bitcoin as a legitimate payment instrument in Indonesia. There will be closing-door points for all activities that facilitate payments with bitcoins and so on.

NelfiNovita

full member

Activity: 640

Merit: 104

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 do not believe that the government is concerned about cryprocurrency and they think it should be regulated, it's a strategy for them to get a share of it, so far they do not approve of bitcoin and crypto because it is out of reach of taxes and if their crypto is dealt with then they take advantage of the situation this.

maximilian4aue

newbie

Activity: 113

Merit: 0

I think there will be regulations but it won't affect btc price

Arlibtchunt2018

jr. member

Activity: 280

Merit: 1

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 ?

Well, I think I would look regulation of cryptocurrency in a positive way. It could brought a huge increase of price specially if all the government would accept crypto since it could be regulated. The population will surely spike as well as the demand.

coin_maker

newbie

Activity: 238

Merit: 0

If all countries are accepted bitcoin then bitoin maintain those countries rules and regulation. Government will charge bitcoin tax because they always want to get money from bitcoin.

jemarie20

member

Activity: 434

Merit: 10

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, regulation does not effect the price of bitcoin directly but the income of use, because I think there is a possibility that bitcoin transactions fees will be increase, so our income will be lessen by those things, but yes regulating of bitcoin in the world is good things, because the term regulation, bitcoin is allowed to use anywhere as one kind one money that is accepted in around the world as means of payment.

harrypot

newbie

Activity: 294

Merit: 0

I think bitcoin is beyond regulation.Because firstly this is decentralized and digital and ints price is inconsistent which is very natural. What is to be controlled here?

taxli

full member

Activity: 280

Merit: 100

regulation of crypto by governments is mystique, the result will be speculation in the market inside every country, very bad idea

ipanks

hero member

Activity: 1610

Merit: 507

I think regulations of bitcoin will manage how bitcoin will spread among the people so they don't have to worry about bitcoin itself. besides that, this will makes bitcoin as a new feature of digital currency and bitcoin can grow more than before because the government finally supports bitcoin too. maybe after the regulations are implemented, this will be a way to prevent bitcoin for illegal activity because if we break the regulations, we can get jail or punishment from the law.

abhi777

full member

Activity: 457

Merit: 100

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 ?

of course with the regulation for the exact price there are limits and rules and it certainly affects the price, but the regulation does not matter if it can make safe and comfortable in our investing later

dupee419

sr. member

Activity: 1344

Merit: 261

It greatly depends on the government, if the government knows greatly how to make regulations in that country then I think the price will be booming, though if a government is greatly corrupt then I think regulation is just pure nonsense.

BlackPanda

legendary

Activity: 1414

Merit: 1001

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 ?

Regulation becomes very, very important in the digital financial system as experienced by Bitcoin. With a regulation then Bitcoin will be much more controllable and I am sure that when there is regulation then the price movement of digital currency will not be too fast. Bitcoin's current price is rapidly changing and that's what makes Bitcoin greatly feared by the government. Regulation becomes an answer to events like this and it will make everyone so much more comfortable using digital currencies.

gaurav82

newbie

Activity: 238

Merit: 0

It will good news if some government regulate crypto currency. Then price will boom. I think in India I have to wait for regulations.

THATBTC

newbie

Activity: 98

Merit: 0

Quote from: masterfocus on June 01, 2018, 10:32:04 AM

Regulations are bullshit. It's just an excuse to control your money. Because cryptocoins are outside the government taxes reach, they are trying to get some for them.

This is an agenda of socialist states. That's all.

Our cryptomoney is OURS only. Don't let the government get them.

Yep, that's totally right.
they just want to keep the control of our money

sakahayang

full member

Activity: 414

Merit: 100

Quote from: KingScorpio on June 01, 2018, 10:40:51 AM

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 ?

how the hell do you want to regulate bitcoin?

the way to regulate bitcoin is basically to burn down or confiscate it, using the anger of the poor blaming bitcoin for it. with good reasons

Bitcoin can not be set, but goverment can record data from all bitcoin users. for example just record his wallet address alone is enough. each transaction will show its wallet address, so we can know where the destination wallet address.
maybe that's my opinion about regulate bitcoin

nursarjani

newbie

Activity: 42

Merit: 0

I think the government will find it difficult to make rules against bitcoin and other cryptocurency because the government can not fully control all bitcoin transactions, which can be set up only by trade and exchange with bitcoin in every market in the country itself.

Topic: Regulation of Bitcoin - page 10. (Read 1245 times)