Regulation seem like the only option left - page 8.

Desscount

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Quote from: Jawhead999 on February 28, 2022, 02:18:14 AM

Why not? Bitcoin doesn't need to be legal tender if the government want to regulate it, they will only accept Bitcoin as property and taxed it. To be honest it doesn't make harm to the country since Bitcoin isn't a legal tender similar like how precious metal it is, so accepting Bitcoin is win win situation for government. Banning Bitcoin in order to make their citizens safe from high volatility isn't enough, no one can stop decentralization.

Actually in some countries it seems the government has regulated it without having to make Bitcoin a legal tender,
Bitcoin is one of the promising assets and currently its development is extraordinary,
no one expected the price of Bitcoin to be like it is today and of course the government is here to regulate it

livingfree

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Quote from: JangoUnchained on February 28, 2022, 12:56:58 AM

Will there ever come a time that the government reaction to crypto will be encouraging for the people?

Yes, El Salvador and Ukraine now accepting donations.

Quote from: JangoUnchained on February 28, 2022, 12:56:58 AM

Lately the head if international monetary fund Christine lagarde stated that regulatory action from the international community on crypto is inevitable ..what do you think

And that's what's happening with Ukraine now. Whether there will be a regulatory action from them or anybody from the international community or authority, everybody wouldn't care.

They can regulate it from those known people or offices that have announced that they're receiving money in crypto.

Gozie51

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Quote from: JangoUnchained on February 28, 2022, 12:56:58 AM

Will there ever come a time that the government reaction to crypto will be encouraging for the people? Lately the head if international monetary fund Christine lagarde stated that regulatory action from the international community on crypto is inevitable ..what do you think

The hand is already written in the wall that the world is going towards regulation of cryptocurrency or bitcoin use in individual country but not bitcoin itself because it is decentralised. Individual country will have to play the part they want on the people. Looking at the war in Ukraine and Russia being taken out from Swift, they won't have choice to begin the use of bitcoin like Ukraine has asked for help through BTC Eth and USDT. This is a development that will grant more access to the regulation process for more countries.

Fortify

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Quote from: JangoUnchained on February 28, 2022, 12:56:58 AM

Will there ever come a time that the government reaction to crypto will be encouraging for the people? Lately the head if international monetary fund Christine lagarde stated that regulatory action from the international community on crypto is inevitable ..what do you think

Bitcoin is a cryptocurrency, the key word in there is "currency". It was always going to be regulated and nobody responsible should fear this - it will make cryptocurrencies stronger in the future. For all the talk of having anonymous payments, with the advent and widespread usage of exchanges by the average person, there was never going to be any other way around it - all that information on the owners is getting stored in one location already and accessible to regulators. The biggest benefit from Bitcoin and similar crypto is that everyone has the option to be their personal bank, like carrying around a wallet with cash in real life, yet it allows global access in a similar way.

Jawhead999

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Why not? Bitcoin doesn't need to be legal tender if the government want to regulate it, they will only accept Bitcoin as property and taxed it. To be honest it doesn't make harm to the country since Bitcoin isn't a legal tender similar like how precious metal it is, so accepting Bitcoin is win win situation for government. Banning Bitcoin in order to make their citizens safe from high volatility isn't enough, no one can stop decentralization.

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Quote from: davis196 on February 28, 2022, 01:29:40 AM

The cryptocurrency industry has already been regulated in almost all countries around the world.
Despite all those regulations,many central bankers and government officials are talking about MORE regulations.What's the point?The cryptocurrency industry needs better regulations,not MORE regulations.

This is a general trend around the world: there are more and more taxes and more and more regulations. Every now and then a government will lower taxes a little and remove some regulations, but the long-term trend is inexorable. The crypto world is no different. At this rate states are going to tax you for looking at the price of Bitcoin on the screen.

Wapfika

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Quote from: JangoUnchained on February 28, 2022, 12:56:58 AM

Will there ever come a time that the government reaction to crypto will be encouraging for the people? Lately the head if international monetary fund Christine lagarde stated that regulatory action from the international community on crypto is inevitable ..what do you think

Crypto already reached a thrillion dollar marketcap so regulators will surely knocked on crypto doors since its a huge free flowing money that still untapped by the government for tax purposes. More people is startig to enter in crypto and more fiat money are flowing so I really believed on the regulators stance on that matter. We need to accept the fact that there will be no fully decentralized idea as long as fiat is still involved in all our transaction. Crypto need to not fully dependent in fiat to become free from regulators hand.

davis196

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Quote from: JangoUnchained on February 28, 2022, 12:56:58 AM

Will there ever come a time that the government reaction to crypto will be encouraging for the people? Lately the head if international monetary fund Christine lagarde stated that regulatory action from the international community on crypto is inevitable ..what do you think

The cryptocurrency industry has already been regulated in almost all countries around the world.
Despite all those regulations,many central bankers and government officials are talking about MORE regulations.What's the point?The cryptocurrency industry needs better regulations,not MORE regulations.
I couldn't care less about the opinions of Christine Lagarde in regards to the crypto regulations,because she(or the International Monetary Fund) doesn't have the power and authority to regulate the crypto industry.Only the national governments and parliaments can regulate the crypto industry.

JangoUnchained

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Will there ever come a time that the government reaction to crypto will be encouraging for the people? Lately the head if international monetary fund Christine lagarde stated that regulatory action from the international community on crypto is inevitable ..what do you think

Topic: Regulation seem like the only option left - page 8. (Read 1063 times)