Will bitcoin Die because of global Regulations? - page 20.

Bella Thorne

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Quote from: ronypro on January 16, 2018, 10:09:52 AM

Frist China want to ban all the foreign exchanges in their country.
https://www.ccn.com/china-looks-ban-centralized-cryptocurrency-trading-reports/

then France Creates Working Group for Cryptocurrency Regulation
https://cointelegraph.com/news/just-one-person-found-to-have-caused-bitcoins-jump-from-150-to-1000-in-2013

then German Central Bank Director: Crypto Regulations Must Be International
https://cointelegraph.com/news/german-central-bank-director-crypto-regulations-must-be-international

Also India already setup a board for crypto regulation.

What is happening all over the world?Something whats soul purpose is to be decentralized will eventually be centralized?

How much do you think a global regulation on crypto will affect the overall market in this year?

For me global regulations will definitely affect bitcoin and the market this year but i am sure that global gulations will not be the reason if the bitcoin will die, because for me bitcoin will definitely survive for long time and it will surely survive the global regulations.

Renampun

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will not, many of us know Bitcoin when Bitcoin is not too familiar with the world community. Bitcoin has grown big with the help of the community not by government,
so, even though the whole world forbids and makes Bitcoin an enemy, it will not make Bitcoin die instantly in forget, it will only make new Bitcoins popping up.

Kez1817

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www.cd3d.app

Of course not instead it will help the people not to fear and doubt in investing and using bitcoin. It will help to increase the demand of bitcoin because a lot of people has strong guide that bitcoin is great investment and can change our life for a better living. It will help for everyone to have work with out fear because there is a regulation to follow. Just my opinion.

jonaire99

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The members of G20 have been looking for recommendations from their member countries for their plan to create an international regulation for cryptocurrencies. This regulation is aimed to prevent the use of any cryptocurrency in any illegal activities like scams, money laundering, drug trafficking and terrorism but it does not restrict people from buying and investing on any virtual coins so it won't cause the bitcoin to die, it will protect instead.

jpaul

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To some point the international regulations can have grave effects on BTC especially due to the fact that the coin doesn't do well in the face of regulation. It would mean that it will not grow freely as it was meant to. I however don't think that the regulations can kill it. It's efficiency, and even value will be affected but regulations will not kill BTC

Vart4varta

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Bitcoin will destroy the government. This will happen in case the state creates a coin, which will be provided by the Federal Reserve System.

ordeath

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My personal point is that global regulation cannot kill a Bitcoin. The reason is simple because it has not connected with the government's in the lower inside the countries. It is like independent country inside the country.

Robin1020

newbie

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The market can stay irrational much longer than you can stay solvent Wink. Bitcoin can always overcome the pressure and negative news, even when big news like the biggest users of china banned bitcoin ago segwit issues and so just make bitcoin continue popular and prices skyrocket, I'm sure even though global regulation set or banned bitcoin then everything will not affect anything.

ralph_0608

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Temporarily this can have a negative impact not only for bitcoin but for entire crypto currency market but for long term this can benefit for the crypto investor as crypto need to be regulated to ensure security of all crypto investor and to prevent money launderers to abuse and exploit crypto market

Marlo Stanfield

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Merit: 280

Quote from: munareal on July 13, 2018, 12:22:32 AM

The cryptocurrencies need regulation and bitcoin will not die because of that. Its use will come to be accepted by the mainstream society. Regulation will reduce scam rate in crypto dealings as culprits can be gotten through KYC and brought to book.

The problem is that even if we can imagine some same regulations that will result in crypto being better for mainstream society, how likely are the actual politicians to design such regulations? I'd say in most cases they're not very likely, and as the Bitlicience showed in New York State, they can come up with some pretty bad regulations.

Charles Avilaa

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No, Bitcoin won't die that easy. Rather, I'm of the opinion that it's good for Bitcoin. The government will enact laws preventing such unfair actions like manipulation. The price will become less volatile and investors' belief will be fuled.

Nicholas Ferreiraa

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I think the reverse: Not only will regulation not kill Bitcoin but it will also facilitate Bitcoin. Actually, crimes and illegal activities concerning Bitcoin have chances to popularly exist due to the lack of strong regulations. So when the government dip their toe into the virtual water, we can hope those bad things will be restricted.

Bitdressa

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it may be possible if the path is contrary to government regulations that have set it a ban using bitcoin, if this has been banned then we can only be silent without the need to boast because it could be a criminal penalty.

SezerC

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Merit: 10

Global regulation might affect bitcoin but it will not going to die. It would depend on the country on how they will regulate it. It would take a long time before governments could regulate the crypto currencies.

iotarocket

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Regulation may actually benefit bitcoin by giving institutions a better idea of how it will be taxed. Bitcoin itself will always be decentralized and independent of political whims. But businesses revolving around bitcoin will be under restraints.

munareal

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The cryptocurrencies need regulation and bitcoin will not die because of that. Its use will come to be accepted by the mainstream society. Regulation will reduce scam rate in crypto dealings as culprits can be gotten through KYC and brought to book.

Mingkuk

newbie

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If any regulation that is created in all countries seems to only cause a panic against the new traders so that the price plummets. They can create many Bitcoin rules to manage but not kill Bitcoin. Just like changing human habits will change by, it is positive.

Indra123

newbie

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Bitcoin freed at a certain point or another, must experience government control also reminded of the fact that the state can not imagine that he does not see running in his domain from the face of expensive money.

Dayan1

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Quote from: ?? on ??

I strongly believe BitCoin will not die despite the stringent regulations by various countries and financial institutions, I actually believe this will make BitCoin more credible, although one would have to be patient.

Global regulation means all country will have a regulatuon that prohibits people in using bitcoin or other virtual currency because of the danger it may cause on their country. I have to disagree with your statement , why? Because global regulation is the only way to kill bitcoin , government can kill bitcoin by prohibiting it in their country. That only means that bitcoin will be illegal, and this does not attracts investor.

jemerson1420

newbie

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Merit: 0

not die its close because if die he never use again.

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