Topic: What do government regulations REALLY mean for Bitcoin? - page 2. (Read 5206 times)

I don’t remember or just I don’t understand what do you mean. At the time it was not JPMorgan(owner) itself but the CEO of the bank Jamie Dimon that your talking about. It is not his comment last September that makes the bitcoin price down but in coincidence it is on the same issue with the China banning of ICO and closing bitcoin exchanges that is wildly been used by someone like you to promote negativity and make the prices go down. Then it goes, but that won’t last that is nothing but a laughable reality you must learn.

While many people in the world still don’t know or don’t trust in BTC  government would only manipulate with new investors. Did u remember when JP Morgan make Btc Beariish in one sentence haha

Regulations is not intended for bitcoin and cryptocurrency but this certain of time that too much criminality and developers without accountability it is now a must.. An opinion that I’m into because I’m also a victim such act and to be honest having them not in jail is prostrating than having money gone but trust to the same project itself.. If we some point give regulation a chance our trust will regain but after it all goes good already,, a pause in regulating is better..

Not really too, maybe regulations another thing. But for bitcoin must legalized by the government to control it.
Bitcoin help country for transactions and unemployment. That the best thing bitcoin can do, to help country.

Thank you for sharing such vital information with us .
Some day or other bitcoin is going to touch the peak of its popularity and will come into notice of governments all over the world . I hope that turns out that governments take bitcoin as an asset for their country . Only regulate it and don't ban it and take the decisions which are taken by China and Srilanka.

Bitcoin could not be a vacuum unto itself therefore Bitcoin should not be construed like an island that can exist solely on its own and can disregard other entities that are also existing in the real world. We are not living in a dreamy world where we are the only one who can make the rules. Sad to say, there are still the governments we have to attend to and since we still need the fiat money where Bitcoin can be converted with we still also be dealing with financial institutions. and they have the rules we need to follow otherwise we can be declared as doing illegal things. Nobody does not want to go to jail just because he/she is involved with Bitcoin and not following the rules established by those in power. Reality bites, yes!

Regulations in exchange for allowing the conduct of the usual Bitcoin selling, trading and all the things in between, can indeed be better compared to the ban made by China last September. There is a need to compromise otherwise there is a possibility for clamping down the business and that is not something we all want to go though. Nobody in the Bitcoin community would want to have some sort of a struggle with the government (just like fighting a dictator or a deranged government). We are not desiring the creation of Bitcoin martyrs.

In order for the government to regulate the use of bitcoin is they need to go as deep as the block chain, they even need to get a record of all the transactions for them to regulate it. I can't see a way for the government to regulate bitcoin without removing its aspect of being decentralized, once they regulate it will be like other fiat currencies.

No, Regulating the bitcoin and other digital currencies are not bad for the country but it will ensure the safety of the nation and its citizens by ensuring it will not be use in scams, crimes and other illegal activities such as Money laundering, drugs, weapons and exclusives that might put the people in danger. Some are against the regulation because they are selfish that they are only thinking of their reduced earnings because of taxation and not seeing the entire benefits for everyone in their place.

You are that regulation is not equal control. On the other hand we should not forget that if you regulate something tightly you can control it. I'm curious about what ideas will come from individual states. I hope that Japan will be headed and set up a reasonable form of regulation so that other states can inspire.

Government regulations may mean nothing for Bitcoins UNLESS they can get hold of a mechanism that can track down Bitcoin users and/or Bitcoin transactions. This is the only way you can be assured that there is indeed an effective execution of governmental regulations. Should these regulations be managed other than that on focusing on the online world, I highly doubt there will any be resolve on the matter on hand. Perhaps I strongly believe that effectively managing the facets of how Bitcoins work is the initial step to forestall further governmental violations.

It is a form of taxing a business by virtue of the police power vested to the government. I think what the government would really like to do is to make money out of Bitcoins since it is undisputed that Bitcoins' value is elevating through time. On the other hand, as for regulatory measures, I cannot vouch on how they will do the execution since online businesses can hardly be put to regulation mainly because of its far-reaching nature.

For my country no any regulations yet. But in my country many young people invest bitcoin and learn bitcoin.
I get benefit after invest bitcoin, is not talked profit only. But we can help the government in economy side, especially unemployment.
I hope in the future, my country will legalized and regulations bitcoin !

yeah, that's same think with me, I didn't really know it yet about the obvious rules that were applied to bitcoin by the governments of a certain countries, was still seemed vague to me and had not been able to conclude it at all. Maybe we can take or reading more about it from the United States's government?, because the first country to legalize bitcoin is the United States.

In any case, the states will establish their own rules for the circulation of the crypto currency in each country, whether we want it or not. It can not long ignore the crypto currency and its importance for the country's economy. Therefore, regulation will be unambiguous as it will be established profit tax on operations with crypto currency. This is generally a positive moment for the crypto currency, because in this case, state bodies, including judicial authorities, will have to respect and protect the rights of citizens when storing and using crypto currency. There is simply no other way to develop a crypto currency.

Most governments are 100% capable of regulating crypto use if they want. They can't eradicate black market use but by regulating bitcoin businesses and enacting laws against consumers they can absolutely curtail use to the point where it effectively disappears.

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This. In my country cryptos are semi-regulated, they have been regulated only as far as users are concerned but not for exchanges. That hasn’t meant more restrictions, you can buy and sell as you wish, the same way as you could do before.

When exchanges are regulated, users will be better protected against scams. Although there will always be scams as well as users who break the law.
I think regulation will bring the other side of the coin: it will help massive adoption and that will come hand in hand with price increase.

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They will tell you only the positive points about the regulamentation. Sooner they achieve what they want you will start seeing the real purposes behind this idea. Most people will be damaged by BTC regulamentation. It's good like it works now, it's not necessary to change anything, people who like bureaucracy should use fiat.

No need to get fear from BTC regulation. It would be beneficial in long run, as there is no fear of banning it. Its price will constantly rise and Investors will get a great monetary benefits. Moreover Incidents like Frauds, thefts etc could easily tacked without much hindrance.

Actually my friend made a thesis about bitcoin stating all the advantage and disadvantage of it and they even interviewed the BSP (Central Bank) about the regulation of it and its illegality. But our central bank said that they consider bitcoin as property, not money thus not making it not legal tender. Due to this, our country recognizes its use and advantage to the people and also considering it as one of the mediums of exchange. There may be dangers for it like using it for a funding of criminal work but the government now does not see it as a potential THREAT YET.