Regulation of Bitcoin - page 2. | Bitcointalksearch.org

olyolali

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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.

It is true. until whenever crypto will never have rules. it's just their way to earn money on the grounds of taxes. whereas the tax is only for themselves.

Maruf Nazir

newbie

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I do believe that regulations would bring more benefits especially to the btc as when a country regulates it. I think government regulation can also affect the price of cryptocurrency through investors, depending on the state or country so it is always depend on each country.

svetochka.yakovleva.93

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now every state puzzles how it is possible to settle the crypto currency, we all understand that this is very difficult, but as each state will understand this, we will see a very interesting trend

blackbold

full member

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I think government regulation can also affect the price of cryptocurrency through investors, if the government bans and attracts high taxes on cryptocurrency, investors will surely consider to survive or get out on crypto investment

tintinbongs

newbie

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As demand for cryptocurrency grows, global regulators are divided on how to keep up. Most digital currencies are not backed by any central government, meaning each country has different standards. In policy on exchanges it is legal, depending on the state or country so it is always depend on each country.

melted349

sr. member

Activity: 462

Merit: 250

Quote from: Pattart on August 01, 2018, 06:51:30 AM

Quote from: nydiacaskey01 on August 01, 2018, 04:11:36 AM

When we start to hear the word "regulation" we cringe, we try to look the other way and say we don't like Bitcoin to be regulated because it beats the purpose of transacting in full anonymity, however, when we hear of someone getting scammed, we want full investigation and wants the authorities to step in to put the culprit behind bars. So what direction do we really want Bitcoin to go?

Lol yeah is awry, the user wants bitcoin to remain anonymous but they also want the existing regulation so bitcoin usage can be easier, but they we know that the government would want a condition like verification. yeah it's hard to do because every party wants a condition..

that was right what the both side needs some condition that are pretty good to say that they are been made to be as the thing that we can be used in anywhere or as the easiest thing that we can ever have to use for so better be have some condition of being stable for on how is this can be used for.

universal3ee

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There will be 2 scenario, the first one will be the people that like bitcoin will like bitcoin more as it is less scam and drama happening in the crypto space, the second will be it will affect many investors or bitcoin users in leaving bitcoin due to the rules that will affect them in their countries and make bitcoin difficult to be trade in their country.

snaper14

member

Activity: 243

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I do believe that regulations would bring more benefits especially to the btc as when a country regulates it, thats mean that they do officially accept btc and make it legal. The prices would be more healthier and dumps or pumps would be decreased.

Pattart

hero member

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Quote from: nydiacaskey01 on August 01, 2018, 04:11:36 AM

When we start to hear the word "regulation" we cringe, we try to look the other way and say we don't like Bitcoin to be regulated because it beats the purpose of transacting in full anonymity, however, when we hear of someone getting scammed, we want full investigation and wants the authorities to step in to put the culprit behind bars. So what direction do we really want Bitcoin to go?

Lol yeah is awry, the user wants bitcoin to remain anonymous but they also want the existing regulation so bitcoin usage can be easier, but they we know that the government would want a condition like verification. yeah it's hard to do because every party wants a condition..

Raiden0729

member

Activity: 137

Merit: 11

I consider controls bitcoin will oversee how bitcoin will spread among the general population so they don't need to stress over bitcoin itself. other than that, this will makes bitcoin as another component of advanced money and bitcoin can develop more than before in light of the fact that the legislature at long last backings bitcoin as well. perhaps after the controls are executed, this will be an approach to forestall bitcoin for unlawful movement in light of the fact that on the off chance that we break the directions, we can get correctional facility or discipline from the law.

Doctor4You

newbie

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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.

Right. This is what I always think about when it comes to regulation. It does have certain benefits.

Sbdip

newbie

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Think positive.. Regulations are means that that country is indirectly legalising the crypto currency.. And to becone legal from illegal is better.. As we have seen india banned crypto. but thinking about regulate it. That means they are indirectly legalising it.

renc77

newbie

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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 that's the case, I believe the government want to be part of this famous digital currency. They want it to control as their power dominates in this system. Moreover, the manipulation of the government about Bitcoin could lead into various digital issues like corruption.

However, it is quite good on the other perspective.
The government has the power to protect citizens and even netizens. If they can make a good regulation and laws that will follow by the society, it will lessen the cases of cybercrime here in cyberspace. Cheesy

Ava Duvall

jr. member

Activity: 154

Merit: 1

Quote from: Donotfoolme on July 08, 2018, 07:22:30 AM

Regulations? In other hand its a taxes! They just trying to make regulations just to make an excuses, because your cryptomoney is not a goverment controlled! They just want money from us goverment do not want if they do not controlled it which means they want a taxes from it!

I don't agree. taxes are our duty and as citizen of a country we pay for different expenses. Regulations on the other hand are sets of rules to abide by, yes some fees will be applied where necessary but those aren't taxes .

bere1993

newbie

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I think regulation on cryptocurrencies like bitcoin has advantages as well as disadvantages. Suppose you send a huge sum of money using bitcoin and you get to know its completely scam, you have to stay silent without doing nothing as there is no any regulation, you cant seek government assurance. This made me to think that regulation is quite good. But on the other hand you will have to pay more and more taxes if there is a regulation.

Ramonranger

newbie

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Regulating Bitcoin is a win win solution to both government and developher of BITCOIN;

Bitcoin has a good reputation when regulated by government thru their economy which make people understand that bitcoin is more secured in dealing with transaction with the help of government anti-hackers and etc.

Ahsan Aly

member

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Merit: 10

Regulation is part of government involvement in our money. I think Crypto should be independent and pure. This is just my perception.

Phil315

newbie

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I would prefer Bitcoin to remain unregulated as it is. Regulating it puts it under the governments control again. I don't think this may be a good idea.

GG_Maker

newbie

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There are a couple of ways in which government intervention can influence the price of cryptocurrencies. First, governments can regulate the price of assets, such as fiat currencies, through buying and selling actions in international markets. Second, they can tamp down excessive enthusiasm for an asset class by saddling it with regulations that increase the cost of doing business. An example of this approach is bitcoin regulation being considered across various states in the United States. Most states require surety bonds or an equivalent amount in fiat currency for cryptocurrency exchanges within their jurisdictions. Finally, governments can also make the asset scarce by imposing controls on it. An example of this is the case of gold, which has import restrictions in several countries.

All three types of actions have the potential to fail in the case of bitcoin and cryptocurrencies. This is because cryptocurrencies are extra-national and have decentralized ledgers that are spread across multiple countries. Their regulation will require a well-coordinated effort across several economies. This might be a difficult task, given varying levels of interest in cryptocurrencies and their impact on national economies in different places.

dgoswami12

copper member

Activity: 253

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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 ?

Look regulations are needed but clean regulation , many government regulate only for their own profit that is really bad. You need to pay taxes for what you profit in Crypto because if crypto is not taxable amount , then in fiture one day will come when everybody will invest in crypto to get free from taxes , and that will be very bad and the economy of the country will collapse . So the best solution for all government is to announce Crypto as a legal tender and making it taxable assets but too much regulation can kill Crypto and i dont think there will be any price effect on crypto for regulation as far as regulation is simple not too much complex.

Topic: Regulation of Bitcoin - page 2. (Read 1245 times)