Topic: Regulation seem like the only option left - page 7. (Read 1047 times)

Instead of campaigning against bitcoin or crypto by banning it, it would make more sense for the government to think about how to profit from it by regulating it even if the regulation is limited to tradable assets (not as a means of payment). Taxes are one of the many ways for governments to profit from bitcoin or other cryptocurrencies, so perhaps regulation is a better way for the current government than banning it as China does today.

There is no more plausible reason to ban bitcoin in a country than a government that wants to keep its centralized financial system longer or that they want to own and develop their own cryptocurrency. There is no reason bitcoin can disrupt the economic stability of a country because basically bitcoin has helped the country's economy from a different side, especially for its users or people who believe in the potential profit from it.

For sure there would be some benefits but as possible as it should be then crypto market shouldnt really be touched up by centralized things but its inevitable just like on what others been saying.
Its beneficial on the sense of exposure and act of adoption but it would really be having some sacrifices as well as we do all know.It is really just a matter of choice whether you do opt to deal
on it continuously or would find for another things which would really cater out your in concern about anonymity and decentralization.

Well, i think regulating crypto does not gives the whole advantage on the international community alone. Though they are benefiting it through taxes that they can obtain from those exchanges, but crypto or bitcoin regulation has the potential to make the market much safer. It will still likely be a risky investment, but with protections for investors, it's less likely that the market will be able to face as much outside manipulation. Overall, this is a good thing for people who want to invest in cryptocurrency. So its also an advantage on the crypto market and crypto regulation is one way of raising crypto awareness for all potential and non potential investors. https://www.thebalance.com/can-bitcoin-regulation-make-cryptocurrency-safer-4173836

Change will start from the government leaders. If they are more optimistic on crypto in the first place, then it will build a sense of acceptance on part of the citizens. But if they keep on pointing out that crypto brings threat to the people due to its risk, then most likely people will be more hesitant on crypto. However, regulating crypto will be much better instead of banning it since the freedom to use for crypto is still there but its somehow controlled or limited.

I think that there are some economic/money “leaders” that are very pro-cryptocurrency. Now of course there are plenty that aren’t, so that’s why regulations are essential. As much as I don’t necessarily like it, there’s no option around it. Think back to the way things were in the early days, how poorly exchanges acted and treated its customers and that shows you all you need to know as to why regulations are important.

The international community are finding ways to scare people away from crypto by implementing stiff regulation on crypto. They have foreseen the future of crypto, knowing fully well that if they continue to keep quiet, bitcoin will take over fiat as the number one choice of currency.
The government doesn't like the anonymous nature of crypto, and the financial freedom bitcoin gives. They want everyone's finances to be on their watchlist, to monitor what goes in their account and comes out from their account.

Some government action is really inevitable when it comes crypto currency to be honest, but in my view it still a majority because look what others doing, i mean the numbers of countries that already legalize bitcoin and implemented it as a legal tender.

Luckily bitcoin is unstoppable as well because many people still believing that there's a brighter future in bitcoin than holding real fiats reason up to now some government hated bitcoin cannot halt the adoption.

If the regulation can benefit the community of course this is a good thing, I'm sure if the regulation is implemented there will be strict control so that crypto is not decentralized, in fact almost all countries have regulated crypto, namely by implementing KYC on top exchanges and if they don't comply then they are banned banned like top exchanges in my country which can no longer be accessed.

TAX is all they do really concern off which same as you said that this is a trillion dollar marketcap which they couldnt just let it slip and something that should really be having that involvement.

We dont need regulation actually but those platforms are the way for them to get involved with for that kind of motive.Its not an option but rather this is an inevitable thing to happen.
They couldnt do it technically but they could really involved with those services and platforms which is connected to it.

This is really inevitable, We can see this on the current situation between Ukraine and Russia it looks like the international board can really do everything and this regulations might happen to prevent any illegal funds coming into a specific place so we can expect a regulatory body in the future. Though cryptocurrency should remain decentralized, but that regulation is something we should be more ready when it happens.

If we want more adoption of crypto market, I think, that regulation is really inevitable. Because with the regulation of the government comes with more trust of people towards crypto. Up until now, a large part of the population are still hesitant to touch crypto because of these negative issues like hacking, scamming and other fraudulent activities tied-up with crypto market. Those who have never transacted with crypto or just reading the news, will have a different perspective towards crypto. But if the government is already in the middle of it, I guess, they will change their mindset and will have more confidence on taking a look at crypto.

After much pressure and threat from the government on crypto investments I think regulation will be the last option deployed to create a level of understanding between investors and the government. Although the regulation will be limited to exchanges. We can't do without international community interfering and that's the sad reality

When the crypto was not supported by the government, the same was supported by the people. It was common in all the developing country.It was common in the developing country for the repeated manner.When their is a dress, we find different colours.Like that we had a lot of cryptocurrency to inverse our money.The government legalization always plays a vital role in the price movement of bitcoin and other currency.

Regulation of crypto in centralized exchanges are really inevitable. It's the government's decison on how and to what extent they will impose on centralized platforms that cater cryptocurrency. Typically, these exchangers under the central bank are required and mandated to ask their clients for KYC for the accounts to be verified and usable to its maximum. Taxation is also a thing and I guess this is what keeps the government allowing the exchangers to operate, in accordance of course, to their conditions and policies. But if I were to ask if bitcoin will be regulated in general, my answer would be no. Since bitcoin specifically is a decentralized asset and it couldn't be manipulated by the government no matter how hard they will try. They can dictate its legality in their country as well as the platforms that offer it, but they cannot control its movement in the market.

I think so too but I am not in favor of any regulation that's going to be infringing the people and will only benefit the state, I think that it's in our best interest right now that crypto isn't going to be regulated because we know how the government will exploit the system that's currently inplace. I think that regulation is needed but it's not good for now.

Not all wants btc to become regulated so if they did this, btc users could dropped and the chance for them to earn big is going to be lessened but why can they just use btc without needing to regulate it? That is still possible but I think they cant tax btc users this way however the money that they can get from their investment is still huge and better than the tax equivalent because more people are now going to invest in crypto when they knew that their government is already allowing it.

Without regulation, crimes can still be controlled because bitcoin is not new anymore and there are now lots of tips online that we can read if how can we secure ourselves.

Some say its difficult to tax large corporations and the rich. Many years ago, when the US government proposed breaking microsoft up on grounds of anti trust laws, Bill Gates was acting CEO of MSFT. Bill Gates threatened to move the majority of microsoft operations to canada or another nation if the US tried to break them up. The US government backed off and in the years since, the topic has never been mentioned again.

If american taxes are raised on large corporations like google, amazon, apple or tesla. They simply move operations to another country with lower taxes. The united states loses a large share of tax revenues and jobs and the american economy suffers, which will make the politicians responsible for tax hikes look bad.

These same precedents apply to crypto regulation as history has shown. Crypto banned bitcoin mining, the miners simply move to another country. Americans are moving to states which offer better bitcoin and crypto regulation. In extreme cases, many americans renounce their citizenship to move to puerto rico with its 4% income tax.

Regulation doesn't end the discussion, as we have witnessed with nigerian central banks closing bank accounts associated with bitcoin. Canada also tried a heavy handed authoritarian approach to things with mixed results.

Bitcoin already accumulated huge marketcap and for sure this already make those regulators to think good on this since for sure they are thinking ways to find ways to get more income to their country and to help their economy and since bitcoin is already available which can possibly give them if not billions or millions of dollars yearly income they provably sign a regulation so that they can control how their users use this on their transaction inside their country.

I will not be surprise that in future more country will follow El Salvador since this is a wise choice for adopting the new changes in economical aspects.

Because the unpredictable price of bitcoin is what makes it difficult for them to regulate it. Besides that, the decentralized nature of crypto makes the government think twice about how to determine these parameters, because each crypto must have their own nature because of their technology

So what else do you expect from someone who is the complete opposite of what Bitcoin was invented for? Greedy bankers and their political servants at the moment estimate that it is better to regulate Bitcoin as much as possible, and profit from it through taxes and the fact that the entire crypto industry generates added value to each country's economy.

If the US or the EU opted for the approach taken by China, they would lose part of their income, show that they are no better than the declared communists, and they would also lose all control over the cryptocurrencies they now have. What is important to emphasize when it comes to the IMF is that they constantly emphasize that they see a far greater threat in stablecoins than, say, in Bitcoin and altcoins.