Topic: Regulation of Bitcoin - page 3. (Read 1232 times)
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?
We get to listen of the strive of the authorities to regulate bitcoin and different cryptocurrencies handiest while the fee is booming. once there may be a prolonged bearish market, the whole lot dies down. i am starting to assume there's an ulterior reason at the back of this law talks.
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 can never set it in the base layer. It is likely to have a negative effect on prices in the short term. The only thing the government can do is set the exchange traded by Bitcoin. But the long run will be bullish because Bitcoin will be more legitimized as an asset. 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 ?
bitcoin can never be regulated by the government because the original purpose of its creation is to make a currency free from intervention from any party, the system can only be controlled by blockchain. But all transactions are public and transparent so if crime rates with bitcoin tend to be small.The way the government can do is they have to make their own digital currency so they can regulate and monitor it, this trend has also started to be done in some countries in europe.
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 ?
At the moment, the third part of all bitcoins are in the purses of the miners from China. How do you think who regulates bitcoin for now?
Not so many people own bitcoin to say that he can not be regulated by anyone !!!
There is no well rule and regulation for bitcoin. So its up to everyone will that he may or may not invest or trade in bitcoin. Internationally no rule is available for bicoin. Specially rates of bitcoin varies without any reason. Rates donot have any link with price of oil or anything else.
can not say anything, green only a short time and then red
Regulation is of two types - one type of regulation leads to the development of an ecosystem - it's like when a good gardener cares for his orchard, and the second type of regulation - leads to the fact that the ecosystem becomes too rigid and therefore becomes not quite adequate to the needs of the community.
An effect depends on the type of the regulation that will be applied on the bitcoin and other currencies. I think that it will be very difficult to keep crypto anonymous.
The problem is that you can not fight the government because they are the nationwide operators and they will not accept it unless they see some profit for themselves. Here and now, the bear will make a complaint out of it to affect it looks like spell-control fate for the digital form when the truth is said, it will actually perform better than hurt. Value deeply, this is not a lot of worries except if the directions set are not given and do not help the client in any capacity.
If electronic money is set up we do not have trouble by supply and demand that determines the price of electronic money. This stability brings more changes than the continuous price fluctuations. To be honest, I am also worried about the status of electronic money if it continues like this so I have time to think if there is a cryptographic money insurer I will follow it. And I think it's a good thing going on, because govt will not ban it, people will start believing it and big players in e-commerce can start accepting the cryptos.
Don't know about bitcoin or other cryptocurrencies regulation, but we really need the ICO sale process regulation.
Regulators all over the world have begun to address the challenges presented by virtual currencies that mostly bypass regulated banks, financial firms, exchanges and central clearinghouses.
“Digital currencies, token sales and blockchain initiatives of all types have ignited a global phenomenon unlike anything I have ever seen,” said J. Dax Hansen, a partner at law firm Perkins Coie who leads its Blockchain Technology & Digital Currency industry group. “As the technology underpinning these developments disrupts products and services in nearly every industry, law makers, regulators and law enforcement are scrambling to keep up.”
(source: https://www.marketwatch.com/story/heres-how-the-us-and-the-world-are-regulating-bitcoin-and-cryptocurrency-2017-12-18)
“Digital currencies, token sales and blockchain initiatives of all types have ignited a global phenomenon unlike anything I have ever seen,” said J. Dax Hansen, a partner at law firm Perkins Coie who leads its Blockchain Technology & Digital Currency industry group. “As the technology underpinning these developments disrupts products and services in nearly every industry, law makers, regulators and law enforcement are scrambling to keep up.”
(source: https://www.marketwatch.com/story/heres-how-the-us-and-the-world-are-regulating-bitcoin-and-cryptocurrency-2017-12-18)
I think regulation will make some investors to have trust in cryptocurrency thereby allowing fresh money to enter into the market.
The regulation of bitcoin is by government because some countries are banned bitcoin but some are didn't, regulation might affect the price temporarily but in long term,it would only help increase bitcoin price. Government regulation can help to stabilize the market and also make preventive measures when cryptocurrency is used to commit criminal acts.
Well, it is being regulated on a lot of countries around the world, so i think that it is not an impossible task and there a lot of people concerned about this, but well, i just hope to do not see it regulated on my country (in where i am living now)
regulation is actually good to be able to organize everyone in a country about the policy on bitcoin rules. unfortunately in my country there is still no certainty. but related parties have said that bitcoin is a commodity 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 crypto currency will be regulated the annonimity of transaction will be publicly declared because every transaction would be taxable if it is regulated by the government. But i think it would be hard to regulate it because it would take time and effort for them to know who are the the persons who owned this crypto currencies.
actually bitcoin is not a concern, but if the government thinks it is a concern it makes the participation in the development of the times will be too late, but that's just my view 
They forbid Bitcoin because everyone will learn to use the money without any tax charges that must be in the family by someone else. This is a very thing in the fear of government.
Well if the governments wanted Bitcoin to be regulated than they would have already done so. They are the ones who are going to create laws for it and regulate the market. But I don't think regulation is what the governments want, they want to ban or have control of the Bitcoin markets.
There are already some countries that imposed regulation on cryptocurrencies but whether you like it or not, regulation will certain to happen in many of the countries who are members of G20. The recent summit of G20 for cryptocurrencies have discussed about the possible regulation of cryptocurrencies and they now awaiting recommendations before finalizing and approving it.
If it is genius care by the government to the people and it's not for selfish reason and it's for the betterment of Bitcoin and it's users, also to curb frausters and hackers, then I don't see anything bad in regulating Bitcoin as long as it does not affect our transactions and investments.
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