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Topic: Regulation of Bitcoin - page 7. (Read 1232 times)

full member
Activity: 322
Merit: 102
June 09, 2018, 10:12:27 AM
The government for technical reasons can not control the cryptocurrency. but with its regulation now the situation is very ambiguous: each government is trying to develop its approach. I think that the regulators still do not have a complete understanding and awareness of what a sensation the cryptocurrency has made with its appearance. nevertheless, the government will not be able to settle and prohibit such things as, for example, downloading a purse application or client for mining and connecting to the Bitcoin network. The US and other developed countries have been unsuccessfully trying to regulate the peer-to-peer network of torrents over the past ten years.
newbie
Activity: 113
Merit: 0
June 09, 2018, 09:43:50 AM

I think regulation needed for bitcoin trade. Many investor will more believe on bitcoin as investment. Beside that, with regulation investor in cryptocurrency more protected and feel safe with their investment .but bitcoin will come back after proper regulation.
newbie
Activity: 140
Merit: 0
June 09, 2018, 09:00:35 AM
Since bitcoin was made as a decentralized digital money, which means experts ought not be included, there ought to be no requirement for controls. In any case, experts need to keep control and take their offer by assess. To ensure the purchaser that is... Then again, with such huge numbers of tricks, maybe it's bettee to have directions. Since we don't self control.
newbie
Activity: 83
Merit: 0
June 09, 2018, 08:58:01 AM
Financial regulations are imposed by government on business and financial institutions in order to manage a nation's financial system.These regulations are sometimes harmful to the end users of the financial system,regular people and are most of the times introduced without regard to that fact.
member
Activity: 434
Merit: 14
June 09, 2018, 07:54:31 AM
Governments can not set Bitcoin price..They can only tax the stock market companies used in the country..This causes only small fluctuations.
newbie
Activity: 84
Merit: 0
June 09, 2018, 07:53:42 AM
Many countries restrict using of bitcoin because of  banking systems.I think bitcoin will lose its unique meaning if it is controlled so developers should save it.Cryptocurrency values remain heavily tied to speculation and optimism.Drastic policy changes can have an outsized impact on short term direction.
sr. member
Activity: 714
Merit: 250
June 09, 2018, 07:45:19 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 ?
Crypto must be regulated at least because of scam ICO projects and the problems with withdrawing money from exchanges. We need democratic taxes on our earnings and protection from scam investments.
full member
Activity: 490
Merit: 100
June 09, 2018, 07:35:53 AM
Decentralization is the foundation of cryptocurrencies of which if taken away and bring in regulation will destroy the bedrock of blockchain upon which bitcoin runs on. If the pro regulation carry the day definitely bitcoin price will be affected because a lot of bitcoin holders will dump and the price will tumble  and altcoin values will drop
newbie
Activity: 126
Merit: 0
June 09, 2018, 07:29:52 AM
Regulating bitcoin is really beneficial to government because once it implemented the government can now collect taxes on cryptocurrency transactions thay may help creates more project and can generate more jobs.
hero member
Activity: 2926
Merit: 567
June 09, 2018, 07:24:04 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 don't like it because it is a big deviation from cryptocurrency value and goal like all the other views they just want to tax people who are into cryptocurrency and wants a big share from the industry, and of course they want to know who are the whales in the cryptocurrency so we must all fight regulation.
newbie
Activity: 196
Merit: 0
June 09, 2018, 07:17:39 AM
Bitcoin is an invisible many. They have special many. Bitcoin is possible to sell products through the Internet in the international market. But Bitcoin's goal is to trade or trade in goods without the intervention of any country's government.
full member
Activity: 324
Merit: 100
June 08, 2018, 07:26:52 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 ?

Direct influence may not be, but if government-issued news about bitcoin, let alone it's a matter of prohibition. it greatly affects the market. especially for enthusiastic enthusiasts who will re-think.
hero member
Activity: 826
Merit: 501
June 08, 2018, 07:24:57 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 bitcoin would be regulated by the government, it would deform the natural program and may affect the operations, price movement and even the services it provides to the public. Some of these changes might be good for us and some might not. But, lets all hope that it will not altered the original purpose of the technology. Allocation of wealth and collection of revenues will play a major role in this regulation.
full member
Activity: 672
Merit: 105
June 08, 2018, 07:14:59 AM
If every country has its own regulation then it can be ensured that it will change Bitcoin's price which will benefit the country from taxes, because every government makes a rule of course they will impose taxes.
newbie
Activity: 112
Merit: 0
June 08, 2018, 07:06:47 AM
Bitcoin is meant to be officially regulated by government regulations.I think that can be regulated in the exchange of bitcoin or another crypto.This is true in some countries such as examples of KYC implementation for its users.Regulations of echanges and restrictions that may  disturb the investors or enthusiasts privacy would really affect it's price and market.
member
Activity: 340
Merit: 13
June 08, 2018, 07:02:37 AM
The goal of bitcoin is to make some transactions without any connections from government. And i dont think so that its good thing when government will be there in place. And if that thing will happen, we dont have no choice on it mate.
newbie
Activity: 196
Merit: 0
June 08, 2018, 06:54:14 AM
If Bitcoin in each country has its own regulation it will be many changes that can happen, even the price will change. The government all want to set Bitcoin and all other coins but cryptocurrency has no limit so they will never be able to control it.
member
Activity: 840
Merit: 10
June 08, 2018, 06:45:17 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 am believe that in the future government will give bitcoin or cryptocurrency regulation. With regulation from government on crypto, many peoples will investing on cryptocurrency and that will make market rising and i think market cap can reach trillion dollar
member
Activity: 70
Merit: 10
June 08, 2018, 05:55:44 AM
All for the sake of profit I think government will receive a lot of profit from taxes. Because cryptocurrency are outside the government taxes reach)
newbie
Activity: 91
Merit: 0
June 08, 2018, 01:16:31 AM
Technically they can't put a regulations to bitcoin because that's the idea of bitcoin and how it was created to eliminate the ones who control or runs it. But let's hust say that they put a regulations to it the price might go down becuase the reason why people is in to bitcoin is that it is decentrelized idea and thats what they want
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