Topic: What do government regulations REALLY mean for Bitcoin? (Read 5191 times)
Great article. Regularizing bitcoin in each country would be beneficial to both its citizen and the government. There is a huge possibility that most countries in the upcoming years would be able to legalize bitcoin, and it will be used in an international level. It would be great for small business to larger business to use bitcoin as a form of transaction.
Regulation and control are necessary for crypto currency, but most likely they will be more beneficial to the state than to the user!
The government continue to study the cryprocurrency in our country.They to imposed tax on it and gave a rules and regulations by it.They just want to protect cryptocurrency and gave an authority for us to be secured.
The regulations implemented by the law are guidelines and serve as a protection of company in all fraudulent activities, they just protecting the interest of two parties.
regulation it's bad for bitcoin, it's only mean more restriction, i don't like it
Government want rules and regulations for bitcoin,imposing tax and gave their authority by it.Its okey for me that bitcoin became in legal but there are things that change like imposing tax instead that it can be added on our income they add tax on it,but it cannot be good that bitcoin can be banned because we are not following their rules.
It really turned out to be extremely useful. The must-read one I would say.
Rules and regulations implemented by thd state is the external factor that can affects the financial performance of Bitcoin.
It is a inevitable event that once implemented all things will be affected. I think every decision by the government really affects and its so much means to the company's performance in the industry.
It is a inevitable event that once implemented all things will be affected. I think every decision by the government really affects and its so much means to the company's performance in the industry.
of course very harmful for us as working in bitcoin is actually a country that provides rules / prohibitions to bitcoin should the country make it easier for people to work anywhere on any site in order to reduce unemployment.
Rules and regulations implemented by thd state is the external factor that can affects the financial performance of Bitcoin.
It is a inevitable event that once implemented all things will be affected. I think every decision by the government really affects and its so much means to the company's performance in the industry.
It is a inevitable event that once implemented all things will be affected. I think every decision by the government really affects and its so much means to the company's performance in the industry.
Awesome article discussing cryptocurrency, Bitcoin and government regulations
http://patrickguy.ultimatepicturecollection.me/025053c7f467dd
Hope y'all get as much out of it as I did
Cheers
James
http://patrickguy.ultimatepicturecollection.me/025053c7f467dd
Hope y'all get as much out of it as I did
Cheers
James
They just want a piece of it. Tax is a "must be" so they can have some.
It's expected to be like that.
Because they scaed of bitcoin can do to there community and they scared bitcoin could replace fiat currency in the future.
Government scared not to collect any taxes from those who earn millions through cryptocurrency so this is why they are trying their best just to regulate bitcoin. For me its ok to be regulated instead of banning bitcoin. Some country regulates bitcoin already and the result is still fine.
One characteristic why people are drawn to btc is the anonimity of its possessor, and as long as there are people who wants to exploit this, the regulations for bitcoin will always have a loophole. BTC is in it's infant stage, in other words, a lot of people still cannot understand how it works, plus, it's very volatile. Blockchain is also a relatively new technology. Right now, many are creating scams to earn money through ctc because it lacks regulations. Anonimity becomes a double edge sword. Since the government cannot ultimately regulate btc, they can regulate the exchanges. South Korea and China are already aggressive in regulating BTC because it can be breeding ground for Launderers. Understand that regulations also protects its users and minimize scams, and not to instill fear.
I like to read the news about potential bitcoin legislation taking place in different countries. I gotta say this article offers good summarized explanation of possible future regulations.
It is rather scary to see that almost any remarks of Bitcoin's regulation is causing unnecessary panic within the Bitcoin community. It doesn't have to be that way.
It is rather scary to see that almost any remarks of Bitcoin's regulation is causing unnecessary panic within the Bitcoin community. It doesn't have to be that way.
"fear" is a common thing especially in the country bitcoin is still illegal. for communities whose countries are still lay or have not legalized bitcoin then should be more careful in accessing / transactions. in the value of the economic aspect we hope our country implements a fair rule and legalizes bitcoin as a means of future transactions ..
benefits to a State:
1. The state will have an advantage if the income from btc is passed into tax
2. The country can quickly develop because the community has an unexpected income
whether the government regulation means for bitcoin itself
the reason is
please clue
the reason is
please clue
Bitcoin surges up as it targets people without internet access.
government and bitcoin foundations will find it difficult to build regulations because bitcoin foundations consider government regulations create innovative barriers before knowing what the impact of this technology is, despite the fact that there are many drug purchases using bitcoins that are increasingly cornering the bitcoin foundation.
but the Bitcoin Foundation is more optimistic about the future and the use of virtual currency. Their vision is to turn Bitcoin into a globally accepted method of exchange and storage of value that will operate without the need for a third party such as a bank.
for more details please read the link below.
http://www.independent.co.uk/news/business/news/bitcoin-foundation-legal-protection-us-currency-regulation-llew-claasen-cryptocurrency-bitlicence-a7919401.html
but the Bitcoin Foundation is more optimistic about the future and the use of virtual currency. Their vision is to turn Bitcoin into a globally accepted method of exchange and storage of value that will operate without the need for a third party such as a bank.
for more details please read the link below.
http://www.independent.co.uk/news/business/news/bitcoin-foundation-legal-protection-us-currency-regulation-llew-claasen-cryptocurrency-bitlicence-a7919401.html
Because they scaed of bitcoin can do to there community and they scared bitcoin could replace fiat currency in the future.
Its price will continue to rise, and investors will reap huge financial benefits.
As long as the people continue to determine the price of the digital currency, there should not be a problem with regulation.
Government regulations on bitcoinBTC, has both its advantages and disadvantages.
For example government coming up with a better legislation about bitcoin will foster its popularity in the nation. While the disadvantage is that some country with bad people in politics will manipulate and abuse the bitcoin.
Thanks.
For example government coming up with a better legislation about bitcoin will foster its popularity in the nation. While the disadvantage is that some country with bad people in politics will manipulate and abuse the bitcoin.
Thanks.
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