Will bitcoin Die because of global Regulations? - page 60.

Cherylstar86

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Actually, those governments all throughout the world that support bitcoin can still benifit them as the usage and capability of bitcoin. Which base on my analysis the government can benifit due to the taxes as many people has bitcoin that can buy what they want but still taxable as the intended tax on what we have. Well, its not literally from bitcoin tax which the bitcoin was converted to fiats to buy.

bitbunnny

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No, quite the opposite. Regulation will help Bitcoin on a long term basis. It will make it stronger and more accepted, especialy when businesses are involved.
Germany is just one of the positive examples but I beleive that many countries, especialy in Europe will follow.
We don't have to be afraid of regulation it can help Bitcoin grow and attract new users who will feel more protected.

lillyann

member

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Note that many BTC countries are now joined by Germany. It's quite promising. There will always be negative ones. BTC is strong.

StonedWolf

full member

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Seeing how goverments are reacting just shows that Bitcoin is getting more and more attention. That means that they are really recognizing it and they are taking measures to try and limit its use. That is good news for us. Now we can be optimistic about how will bitcoin affect the future. I am sure that more users will join us now and help this community get bigger.

lordmick

hero member

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In my opinion bitcoin will not die. Because regulation of the state will be the basis of fixing bitcoin as payment tool. Bright example is Japan. It just start. And what was result?

not-a-bot

newbie

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Will Bitcoin die? If you want to know it, please answer the questions first: Will corruption and crime die? Will global financial market die? Will offshore companies die? Will FBI, MI6, KGB die? Not sure? I'm not sure about Bitcoin too.

AntonGrishko

member

Activity: 224

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I don't think something bad is happening to bitcoin and governments want to ban bitcoin. They only want to have more control and I think it is very good in long term for cryptocurrencies.

laravuemaster

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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?

Bitcoins can really die if every country will place regulations and investors will not like their rules but as long as bitcoins is accessible on other countries and there will be more area who does not need regulations then it will be fine because the prices in the market will still goes back to normal.

Mazda17

full member

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Quote from: Umar001 on January 16, 2018, 11:33:28 AM

I don't think global regulation of bitcoin will kill the bitcoin, it will rather strengthen and more reliable, global regulation of bitcoin, is what the world is waiting for, to make the bitcoin a hot currency, and universal acceptable.

It is actually difficult to dominate global rules of bitcoin because of the bright future of bitcoin while global regulation only undermines the bitcoin state when bitcoin is very safe if it sees the situation.

ALI AKBAR

full member

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I have never believed that due to global regulation, bitcoins will die or lose. I think there is a need to regulate Bitcoin for the world's needs. Because Bitcoin is valuable to everyone. Bitcoin is recognized as a strong digital currency. And has been created for trading.

bad_apple

newbie

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Global regulations are just matter of proposing such policies to provide their country a temporary wall to other countries that tries to enter their market. It is also a way to ensure that they should fix their problem (e.g. crisis) within their nation first before dealing with other aspects such as market trading with other countries. Moreover, these regulations may be seen as just guidelines and these should not be able to vanquish bitcoin totally because some other governments support bitcoining.

Useacoin

newbie

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Regulation will be good for bitcoin long term, the governments have realised they can't stop it completely so they will have to accept it and work with it. Bank of America said today that they are worried about the thread cryptocurrency poses

cryptojac17

full member

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Quote from: bitart on January 23, 2018, 06:07:32 PM

Quote from: Snail2 on January 16, 2018, 11:59:56 AM

I don't think it will die. We are talking about global P2P networks. Governments can make as much regulations as they want but they do not have the means to enforce those rules and regulations without investing into a huge "global coin surveillance network" or seriously interfering with basic human rights. The only thing what they can regulate is cashing out for fiat.

That's their only possible tool against bitcoin, together with banks, governments can ban the access to exchanges where people can buy/sell bitcoins. This is a kind of 'last chance' for them in my opinion, first governments will try to tax the profit coming from bitcoin related transactions. If they can't identify the tax payers effectively, then they can force exchanges to verify the users and share their data to the national tax authorities. If everything goes wrong, they can freeze the account of the exchanges to prevent them using fiat.
Despite of the above mentioned things, authorities cannot stop cashing out from bitcoin to fiat but they can make it to be a real pain and risky (using localbitcoins only and meet with the seller/buyer in shady environment... etc...) This is the situation where the Lightning network cannot solve the situation (if they ban bitcoin totally, but I don't expect this, as governments can have huge incomes from taxes in connection with bitcoin, so it's not their interest to stop taxing and just ban the whole thing).

Yeah doesn’t just stop by means of government regulation or just banning bitcoin in certain government like China
in the first place bitcoin are not using government infrastructure and the transaction is p2p no third party involvement Bitcoin is run by its own technology and bitcoin are run by the people who patronized it you cannot stop people using it on their own well and can you imagine how many citezen in a certain country patronizes bitcoin if you ban it with out considering the welfare of the users it would create a economic tormoil.

recsoninlight

jr. member

Activity: 167

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Bitcoin will not die because of the global regulations ongoing all over the world. these regulations serves as an improvement on cryptocurrencies. If it's well regulated, then the probability of being scammed on ICO's will be lesser.

joshua05

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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?

Aside from these kind of global regulations, bitcoin is really demanding it glorious rate all over the world, it has taken its crown to the worlds internet banking! and its really amazing to think about that, what about we focus on the bright side first?

alfs75

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platform for everyday business

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?

Will,if theres is a declaration of global total band of cryptocurrency,the bitcoin will reduce its area of operation secretly but its not totally eliminated,because the investor do whatever they makes to gain profit especially those we called the whales or big player.but this all things is only a speculation and never been happen in the cryptocurrency world.

potzpotz

newbie

Activity: 126

Merit: 0

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?

We dont all even know when time days bitcoin die it doesn't predict any one's of as,as long as we leave just keep enjoying it

engrdaver

newbie

Activity: 70

Merit: 0

Time can tell. Global regulations are presented to gain control or give limitations and bounderies over things that become big to handle. Cryptocurrency is doing just that, it got so big in a little time. Some countries fear the negative impact of crpyts in the monetary regulations because it is not controlled or governed by the government.

amzadabir

newbie

Activity: 112

Merit: 0

Bitcoin will not die because the government wants people to get Bitcoin and all rules are conducted on the limitation of this field for ordinary people. The government can tell us that it is illegal, they can use the back door built into our CPUs, the entire crypto currency landscape could change dramatically, But they can not rule out the main factorize laws. They will have enough control to protect its citizens from terrorists like ICO. They may try to eliminate the privacy quotes for tax purposes and may even be stifle laundering money. But more than that, they will sit on the next lines and the crypto market will grow and evolve. As Bitcoin, it depends on the market whether it is life or dies.

Dobmader

full member

Activity: 165

Merit: 100

Quote from: oiucoin on January 31, 2018, 10:01:36 PM

First of all, I think bitcoin will not die because there are already countries that accept bitcoin, and some areas are already in use in real life.

Yeah not at all government will not ban bitcoin because bitcoin is not doing anything bad with the economical state of a country, bitcoin is good for all people such as now some ordinary people can have benefit from bitcoin as if they will use it as online job, bitcoin investment is saving a lot of companies from lose so if bitcoin will be ban we will suffer a lot of lose and all those facilities that bitcoin is providing us.

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