Topic: What happens if BTC gets regulated? - page 5. (Read 2136 times)

That is no true. There are already some countries where Bitcoin is already regulated, like Netherlands and some US states, Japan. And there is no harm in Bitcoin regulation, that could only benefit because it would lead to biger addoption, especialy in businesses, and then you can divide legal from illegal Bitcoin operations. Regulation doesn't mean centralization that many users have fear.

This is the thing I'm really waiting for, it's time for bitcoin to get recognition and regulation so that it can be beneficial for the economic progress of the country and people. the presence of bitcoin will improve the system of transactions between countries.

Bitcoin will never be regulated by the state. Perhaps the state will try to create their own crypto currency and they will be monitored by the government. Don't know how it's going to have the trust of the people, but such currency will be more stable that's for sure.

Not likely, due to the decentralized nature of BTC, there is about no way governments can regulate BTC. That is actually one of the driving factors of BTC that actually gives it a lot of popularity.

However, in theory, however, if that anytime happens, I think there will be a mass drop in the price of BTC, as many users stop using it, due to the loss of anonymity. There will definitely be a great deal of rejection.

Regulating the framework is going to seriously cause problems in the bitcoin community and would surely bring the price crashing down, I love the market and the coin because there is no regulation and that is why almost 90% invested in it.

which certainly does not match the original purpose of bitcoin, the bitcoin is free and uncontrollable, to evenly all the opportunities have it, if bitcoin is set I think it will be a lot of problems in the future bitcoin journey

Yes my answer is almost the same as you. If the government set the strongest currency that bitcoin probably will not jump so high as now but postifnya definitely bitcoin prices stable. And also surely many other restrictions that conflict with the rules now.

If the market start getting regulated and the affairs being managed by a group of people then the market is going to crash in no time, because people are rushing to the market because there is no regulation or legal framework.

So what? Bitcoin will definitely get regulated without any question. There is no doubt about it the government will step in and try to control crypto we need to stand up and fight against it if they try to take it down!

Regulation may happen if Bitcoin would have legalization by the government on a specific country. So the best thing to do is to try Bitcoin now and to support its system as early as possible so whenever it comes the time that bitcoin would regulated on some matters there are some development a part to its transaction as a form of investment for future purposes.

Some things are being blown out of proportion.

When I said accepted by "strippers" - I meant it in a way - as to -an industry entirely cash dependent went straight to BTC- maybe I come from a backward land but here I've never seen strippers accept Credit card let alone BTC

You are using Japan as an example however, Japan's economy is messed up beyond repair- they are only progressing because of almost negative rate interest. I forget the year but soon they will be paying more in interest to bond holders than they would be earning through income.

Japan's debt to GDP is 400% -that is insane! try showing that to your bank and see if you can get a mortgage. The only reason their economy hasn't crashed is because they keep issuing more bonds and debt. They haven't missed single interest payment that's why the wheels are rolling. (Credit card minimum payment example)

Also, most of us (assuming) are puny investors- we don't know how much black money is actually invested into BTC or traded through BTC. If there is a slight hint of government intervention which could reveal users Identity- do you think those big ballers would take that chance? How do we know the exchanges aren't already doing money laundry ?

Human trafficking,drug trading so on and so forth- all could be done via BTC privately.


These are the arguments governments can used to crackdown on BTC.  Always a flip side. I'm just an observer and I'm here to learn from all you experienced people.

Some exchanges already impose limit of daily 2500 USD and if you want to withdraw it in fiat more than 25k then ID proof, residence proof and so forth.

An ideal scenario could be- these limits stay in place- however, government starts accepting payments in BTC- or BTC gets regulated as an acceptable method of payment by all. For example- instead of going through a middleman- I could simply pay Visa, mastercard payment via BTC. Right now we have to use a middle man.

Here in our country Bitcoin is regulated by the goverment. You'll need to issue them a goverment Id so that you can withdraw the money.

Regulating bitcoin will just make them invest onto bitcoin and demand would be high.

When the government manages bitcoin there will be many problems. If bitcoin is managed the money you earn will be taxed, your income will be tightly controlled by the government, the price of bitcoin will be more stable and not explode as the past time may even decrease. Fraudulent phenomena are less likely to occur when government interferes

How so? This was always a possibility, if Bitcoin were to gain mainstream traction. The protocol and node/miner distribution are still decentralized, no matter how governments try to regulate their populations' use of BTC.

Aside from banning mining operations or exchanges inside their own jurisdiction and regulating/licensing exchanges and other services that interface with their populations, there isn't much governments can do. People can and will still transact freely within the crypto economy. It's the fiat gateways that are the focus for them.

This is the thing I'm really looking forward to, we all know that bitcoin users are jumping significantly and it's about time for a special rule for bitcoin. Bitcoin is the latest payment system so state support is needed.

Governments regulating or legalizing Bitcoin would obviously lead to mass adoption and thus increase in value. Bitcoins can't be directly regulated, governments can't control it, but indirect regulations are possible. As a currency or an asset, governments can enforce their currency/asset laws on Bitcoin and they are doing it.

Then the whole essence of having a decentralised currency gets dashed. However, we can't really say now until we start seeing how it plays out. I think Japan is doing something like this in a way but bitcoin has already been designed in such a way that huge external influence cannot regulate it anyway they wish like the usual fiats.

Regulation requires interdiction.  Bitcoin by design prevents this.  If they could they would. 

If bitcoin gets regulated, the outcome of that will be hard to determine  though but the fact is that its already regulated in some advanced countries but we are still standing strong so I guess this will follow through and it might eventually bring confidence of large corporations into the game as this is what will really make bitcoin get to the point of massive adoption which we are all hoping for but this won't coke cheap though.