Topic: What happens if BTC gets regulated? (Read 2136 times)
Bitcoin regulations will determine how Bitcoin will develop, look at some government regulations that say about Bitcoin prohibition then it could make a decrease in Bitcoin prices. In addition, if there is a regulation that says that Bitcoin can be used freely then it can make a positive move for Bitcoin. So any existing regulation will definitely make the price movement Bitcoin change, the change can be positiave or negative.
How must governments be able to adjust bitcoin? it is a decentralized foreign money. however, governments actually are making plans their very own cryptocurrencies and additionally monetary institutes.
If they could integrate their tax system into wallets and exchanges, then perhaps it would be possible to integrate Bitcoin into making it taxable. As far as regulating Bitcoin is concerned, I don't know if it's really possible unless big banks control most of it.
If bitcoins do become regulated, transfers will be skimmed and taxed for sure. How else can you make payments for those who regulated your bitcoins? So with the regulation up online, we may observe slow supply movement and a lot of bitcoin dependent incomes reduced.
Since bitcoin does not go in any vague space, but in the territory of specific states, nothing unusual is that it will be definitely regulated by these states. Moreover, it is necessary to recognize that at the given time the circulation of bitcoin is already partially regulated - certain rules for its circulation, exchange rules on the exchange, exchangers, banks are established. Some countries have already introduced a tax on operations with crypto currency, so there is nothing wrong with partial bitcoin regulation. It is important that states do not infringe upon its decentralization and anonymity as the main principles of its existence.
Bitcoin is still money, only in digital form, which is why those who know things about it probably accept it as mode of payment. If bitcoin is recognized by the government then it could be used as a tool to increase their economy. They can use bitcoin for various applications but ofcourse, it will affect its value. If they regulate it, there will probably be rules and laws and that could cause some of the investors to lose interest. Bitcoin is a good investment because it is decentralized and if government will take over, then it will lose a bit of its identity.
If the btc gets regulated the first thing i could thought is the taxes, next everybody will have to know about bitcoin and joining in this industry to get btc too earn money from it..
Hello,
Just read somewhere that BTC is accepted by strippers now? lol
I wonder what will happen if it gets regulated by the government? value would go down? perhaps consolidation?
Overall , what's the general outlook? Obviously, I understand it'll be personal opinion but still. Go ahead and share. I'll get to learn something new.
Just read somewhere that BTC is accepted by strippers now? lol
I wonder what will happen if it gets regulated by the government? value would go down? perhaps consolidation?
Overall , what's the general outlook? Obviously, I understand it'll be personal opinion but still. Go ahead and share. I'll get to learn something new.
If bitcoin is accepted by strippers, then it could be. I guess they would love to use is as a payment much more if they know what bitcoin is.
If BTC will be regulated? Well the first thing that pops up to my mind is its tax. We could somehow be expecting that they are more likely to have some cut offs when it rise. But somehow, I guess they could manage to take BTC for a more stable and longer hand.
the government can take profit by regulated bitcoin. they can take from tax, or invest in bitcoin. it can increase their economy, personal or party.
and i think, the country that accepted bitcoin will make new coin for their own country as side payment. and its good for people.
and i think, the country that accepted bitcoin will make new coin for their own country as side payment. and its good for people.
I’m all out for regulation. The only thing keeping most people in the sidelines is government recognition. No need to explain things to the skeptics how cryptocurrency works.
Hello,
Just read somewhere that BTC is accepted by strippers now? lol
I wonder what will happen if it gets regulated by the government? value would go down? perhaps consolidation?
Overall , what's the general outlook? Obviously, I understand it'll be personal opinion but still. Go ahead and share. I'll get to learn something new.
Just read somewhere that BTC is accepted by strippers now? lol
I wonder what will happen if it gets regulated by the government? value would go down? perhaps consolidation?
Overall , what's the general outlook? Obviously, I understand it'll be personal opinion but still. Go ahead and share. I'll get to learn something new.
It is very impossible to happen due to the decentralized qualities of bitcoin. If the government will control bitcoin, I will always keep my eyes in my investment.😂 because I don't want anyone to handle my investment to others.
Obviously it will stain the name of the bitcoin instead it will decrease its value. Actually if all the facts in this world is opened, surely bitcoin price will be very small even worthless again. Just look at the deep web, many are using bitcoin for things that are illegal, it's just that deep web is a hidden place, so all the facts are not exposed.
Hello,
Just read somewhere that BTC is accepted by strippers now? lol
I wonder what will happen if it gets regulated by the government? value would go down? perhaps consolidation?
Overall , what's the general outlook? Obviously, I understand it'll be personal opinion but still. Go ahead and share. I'll get to learn something new.
Just read somewhere that BTC is accepted by strippers now? lol
I wonder what will happen if it gets regulated by the government? value would go down? perhaps consolidation?
Overall , what's the general outlook? Obviously, I understand it'll be personal opinion but still. Go ahead and share. I'll get to learn something new.
yeah i know have some country want to regulate bitcoin is because the number rason on that is want to collect taxes from bitcoin
i think that is fair to pay taxes from every government because have an international laws about tax clloction, but how to regulate the bitcoin being decentralized cryptocurrency.
Bitcoin is already regulated in the sense that 3rd party financial institutions that transact in Bitcoin such as exchanges are subject to extensive KYC-AML regulation.
There are also tax laws about how to properly report and pay taxes on your Bitcoin gains.
So already there is no lack of regulation around Bitcoin.
With that said, there doesn't seem to be much in the way of direct regulation of Bitcoin, as in any laws pertaining to who may or may not own wallets, how much BTC can one hold in a wallet, how much can be sent, etc. I think trying to regulate direct BTC transactions or holdings would be impossible.
There are also tax laws about how to properly report and pay taxes on your Bitcoin gains.
So already there is no lack of regulation around Bitcoin.
With that said, there doesn't seem to be much in the way of direct regulation of Bitcoin, as in any laws pertaining to who may or may not own wallets, how much BTC can one hold in a wallet, how much can be sent, etc. I think trying to regulate direct BTC transactions or holdings would be impossible.
Hello,
Just read somewhere that BTC is accepted by strippers now? lol
I wonder what will happen if it gets regulated by the government? value would go down? perhaps consolidation?
Overall , what's the general outlook? Obviously, I understand it'll be personal opinion but still. Go ahead and share. I'll get to learn something new.
Just read somewhere that BTC is accepted by strippers now? lol
I wonder what will happen if it gets regulated by the government? value would go down? perhaps consolidation?
Overall , what's the general outlook? Obviously, I understand it'll be personal opinion but still. Go ahead and share. I'll get to learn something new.
Regulated is not bad thing in my opinion so if bitcoin is regulated then its price will go down?
In my opinion, bitcoin can goes up because with regulation, more new people will use it. Why? Governmanet has accepted bitcoin so their citizens will following.
What awaits us? - Of course the tax on profits from crypto-currencies) Outside which countries have already practiced it and showed its fruits ... People are moving to more promising exchanges. )
If btc gets regulated I guess it would be more stable and so many other investors would invest on it without the fear of being bubble.
Hello,
Just read somewhere that BTC is accepted by strippers now? lol
I wonder what will happen if it gets regulated by the government? value would go down? perhaps consolidation?
Overall , what's the general outlook? Obviously, I understand it'll be personal opinion but still. Go ahead and share. I'll get to learn something new.
Just read somewhere that BTC is accepted by strippers now? lol
I wonder what will happen if it gets regulated by the government? value would go down? perhaps consolidation?
Overall , what's the general outlook? Obviously, I understand it'll be personal opinion but still. Go ahead and share. I'll get to learn something new.
It's already regulated - you have to pay taxes when you sell it with profit, popular exchanges follow KYC/AML laws, transactions are being monitored and some of them get traced. The important thing is that Bitcoin should never be regulated from within - we must always check if proposed changes affect decentralization and reject everything that will make Bitcoin more centralized. So far it work, and Bitcoin users have a total freedom of what to do with their coins - either comply with government regulation or avoid them by using unregulated services.
Wow! That is inevitable nowadays because bitcoin now is prominent around the world and even strippers can use it just wow. So going back to your question if bitcoin will be regulated by the government it will be a disaster mainly because the government will issue a tax in bitcoin and third party programs and banks will be used to redeem bitcoin something like that or maybe lets look at the bright side that the government will make bitcoin its official crypto currency.
There is a large number of people who don't use or invest in Bitcoin because of the lack of regulation, so I think that if governments started to regulate Bitcoin, it would only benefit from it.
Not much would change. Governments can create as many regulations as they want, but they can not enforce it when there is no way for them to control the rules of the protocol.
For me the price of the bitcoin will increase. But some of the rumors will say the different thing about the price of the bitcoin. It is growing more and more. It will be very high if the time will spend some more. If it will every happen then the bitcoin will be very high according to me. So it will be good and a lot of the people are waiting for it. Jump to: