Topic: Will bitcoin ever get regulated - page 9. (Read 1628 times)
When Bitcoin becomes a payment trend, it will be more or less regulated. If the government does not regulate Bitcoin, it may make legal currency the mainstream. The government will hinder the development of Bitcoin. The government wants to control people and will not give up control over financial resources.
This topic have taken the center stage of my thought we have seen how countries around the world are gradually opening the economy to adopt bitcoin and as a result a lot of government policies are already underway to develop a framework that allow regulation of the bitcoin ecosystem which have made me to wonder on this topic. Can a decentralized currency like bitcoin ever get regulated?
I think government will regulate like legalization about exchange or any other which is about permission. But for ownership or how people access bitcoin sites, i think government can do that because people will have other ways to save their coins or maybe access sites that related with crypto. I hope in my country there are no regulation for crypto because people will forced to pay tax about crypto and honestly i don't want it. 
it directly handling it out then its impossible and thats what government is trying to do but still failed even up to these years.
We dont need regulation actually but for some point on which we do need some full scale adoption then we would really be touching up
this part.
However, I don't think that we need to become wary seeing these changes, merchants and business owners are very confident when they know that the government is involved with this. But for us who are just normal investors and wanted to still become anonymous, that will become a problem.
This topic have taken the center stage of my thought we have seen how countries around the world are gradually opening the economy to adopt bitcoin and as a result a lot of government policies are already underway to develop a framework that allow regulation of the bitcoin ecosystem which have made me to wonder on this topic. Can a decentralized currency like bitcoin ever get regulated?
I think government will regulate like legalization about exchange or any other which is about permission. But for ownership or how people access bitcoin sites, i think government can do that because people will have other ways to save their coins or maybe access sites that related with crypto. I hope in my country there are no regulation for crypto because people will forced to pay tax about crypto and honestly i don't want it. it directly handling it out then its impossible and thats what government is trying to do but still failed even up to these years.
We dont need regulation actually but for some point on which we do need some full scale adoption then we would really be touching up
this part.
This topic have taken the center stage of my thought we have seen how countries around the world are gradually opening the economy to adopt bitcoin and as a result a lot of government policies are already underway to develop a framework that allow regulation of the bitcoin ecosystem which have made me to wonder on this topic. Can a decentralized currency like bitcoin ever get regulated?
I think government will regulate like legalization about exchange or any other which is about permission. But for ownership or how people access bitcoin sites, i think government can do that because people will have other ways to save their coins or maybe access sites that related with crypto. I hope in my country there are no regulation for crypto because people will forced to pay tax about crypto and honestly i don't want it. Regularly new information regarding adoption and regulation of bitcoin by different countries of the world is happening. Recently El Salvador made a strong decision against opposition. Now they've made a good return out of the Bitcoin. Government have come up with plans of constructing schools and hospitals with the profit.
Now another country Zimbabwe is with the plans of regulating cryptocurrency and accept it as legal tender. This being a small country there is more good to happen on adoption. As of now nothing officially declared from Zimbabwe government, they're on consulting stage. Soon we can see a country getting added to the list.
About Zimbabwe, as far as I remember, they talked earlier only about the fact that cryptocurrency was prohibited in this state. Do they want to move from a direct prohibition to the recognition of bitcoin as a means of payment? Not bad. This means that states may still be able to change their position on cryptocurrencies in the direction of mitigation.Now another country Zimbabwe is with the plans of regulating cryptocurrency and accept it as legal tender. This being a small country there is more good to happen on adoption. As of now nothing officially declared from Zimbabwe government, they're on consulting stage. Soon we can see a country getting added to the list.
As for the regulation of bitcoin, only the order and conditions of its circulation in society can be regulated by states. Internal regulation is beyond the powers of states.
As far as the concern of their people, they needed more job opportunities and I think this should have given the first priority than pushing crypto adoption on their place coz that seems useless and hopeless.
No. Bitcoin is decentralized and censorship resistant. Only exchanges and centralized services will be regulated and this is not new.
That's the main point. Government and centralized bodies don't like decentralized crypto aka Bitcoin. If we talk about currencies like XRP, BnB and exchanges like Binance they are not decentralized cryptos rather centralized one. Governments have no issue in accepting the centralized cryptos that can be traced and taxed. I keep writing on such posts (since they pop up every other day) that governments all around the world have zero tolerance for decentralized P2P cash transfer.
correctly regulated a bitcoin with financial institutions and where it has centralized and decentralization in governments to accept a bitcoin existence, the government will provide a centralized exchanges wallet like the cryptocurrency method must also provide to everyone which is also has privacy of its own.
Regularly new information regarding adoption and regulation of bitcoin by different countries of the world is happening. Recently El Salvador made a strong decision against opposition. Now they've made a good return out of the Bitcoin. Government have come up with plans of constructing schools and hospitals with the profit.
Now another country Zimbabwe is with the plans of regulating cryptocurrency and accept it as legal tender. This being a small country there is more good to happen on adoption. As of now nothing officially declared from Zimbabwe government, they're on consulting stage. Soon we can see a country getting added to the list.
About Zimbabwe, as far as I remember, they talked earlier only about the fact that cryptocurrency was prohibited in this state. Do they want to move from a direct prohibition to the recognition of bitcoin as a means of payment? Not bad. This means that states may still be able to change their position on cryptocurrencies in the direction of mitigation.Now another country Zimbabwe is with the plans of regulating cryptocurrency and accept it as legal tender. This being a small country there is more good to happen on adoption. As of now nothing officially declared from Zimbabwe government, they're on consulting stage. Soon we can see a country getting added to the list.
As for the regulation of bitcoin, only the order and conditions of its circulation in society can be regulated by states. Internal regulation is beyond the powers of states.
Regularly new information regarding adoption and regulation of bitcoin by different countries of the world is happening. Recently El Salvador made a strong decision against opposition. Now they've made a good return out of the Bitcoin. Government have come up with plans of constructing schools and hospitals with the profit.
Now another country Zimbabwe is with the plans of regulating cryptocurrency and accept it as legal tender. This being a small country there is more good to happen on adoption. As of now nothing officially declared from Zimbabwe government, they're on consulting stage. Soon we can see a country getting added to the list.
About Zimbabwe, as far as I remember, they talked earlier only about the fact that cryptocurrency was prohibited in this state. Do they want to move from a direct prohibition to the recognition of bitcoin as a means of payment? Not bad. This means that states may still be able to change their position on cryptocurrencies in the direction of mitigation.Now another country Zimbabwe is with the plans of regulating cryptocurrency and accept it as legal tender. This being a small country there is more good to happen on adoption. As of now nothing officially declared from Zimbabwe government, they're on consulting stage. Soon we can see a country getting added to the list.
As for the regulation of bitcoin, only the order and conditions of its circulation in society can be regulated by states. Internal regulation is beyond the powers of states.
During the history of bitcoin has not been able to be centralized on exchanges or other market places. even banks haven't been able to calculate the value of bitcoin which has not been actual for some time. crypto products like bitcoin can only be influenced by news
This topic have taken the center stage of my thought we have seen how countries around the world are gradually opening the economy to adopt bitcoin and as a result a lot of government policies are already underway to develop a framework that allow regulation of the bitcoin ecosystem which have made me to wonder on this topic. Can a decentralized currency like bitcoin ever get regulated?
Decentralisation means that it is spreaded between many people but if there are countries that have the majority of coins on their accounts, it will mean that bitcoin will partly lose its decentralisation. The main thing is that it will remain limited, so countries will not be able to release more and make it inflative like fiat money. No. Bitcoin is decentralized and censorship resistant. Only exchanges and centralized services will be regulated and this is not new.
That's the main point. Government and centralized bodies don't like decentralized crypto aka Bitcoin. If we talk about currencies like XRP, BnB and exchanges like Binance they are not decentralized cryptos rather centralized one. Governments have no issue in accepting the centralized cryptos that can be traced and taxed. I keep writing on such posts (since they pop up every other day) that governments all around the world have zero tolerance for decentralized P2P cash transfer.
I think it is very difficult for anyone to regulate bitcoin, even the government will find it difficult to regulate bitcoin, but if they regulate it on a crypto exchange site, chances are they can do it, because they have tools to track crypto exchanges..
No, Bitcoin cannot be regulated by any government due to the decentralized nature of Bitcoin.
The only thing that can be regulated is the user, the government can make regulations if you want to own and use Bitcoin you must register with KYC so that Bitcoin use is not misused.
Precisely the number of wallets of bitcoin as well as the scope and anonymity are definitely the things that make the government capitulate in regulation, except for bitcoin, there are also many other wallets used by users, instead of inventorying all these huge numbers, it would probably be easier to regulate users, KYC is really a process in this scheme. Although not most governments require but exchanges prepare these documents in advance, partly for confidentiality, the rest is a timely addition to accommodate regulatory requirements that the government may issue based on the pace of bitcoin development. The only thing that can be regulated is the user, the government can make regulations if you want to own and use Bitcoin you must register with KYC so that Bitcoin use is not misused.
It would be difficult if not impossible if Bitcoin could be regulated by a person or institution in education. Bitcoin is very volatile so if it can be regulated and controlled by one person or an institution, this is a bad sign because the market is just as gripped. Maybe the value of the coin can have an effect. But don't be discouraged because it can be seen that until this moment Bitcoin's performance is better than before.
Bitcoin is decentralised crypto currency. I think bitcoin can't be regulated. People involved bitcoin transaction and transaction maybe be regulated. Bitcoin already proved their value.Bitcoin is most popular and valuable coin. I think bitcoin will be more development in future and price will be more increase.
I think it could happen, but what is regulated is not decentralization, it is more inclined to regulations in its use. if it is regulated, I think bitcoin will lose its original nature, namely decentralization and the advantages that exist in bitcoin will disappear, with decentralization we will feel free to transact anywhere and faster and security is maintained
No, Bitcoin cannot be regulated by any government due to the decentralized nature of Bitcoin.
The only thing that can be regulated is the user, the government can make regulations if you want to own and use Bitcoin you must register with KYC so that Bitcoin use is not misused.
The only thing that can be regulated is the user, the government can make regulations if you want to own and use Bitcoin you must register with KYC so that Bitcoin use is not misused.
in any case, there will be attempts to regulate from countries that accept bitcoin, but this will not be realistic, because it is not written on the blockchain whose transaction this or that transaction is, only if the person himself says that these are his bitcoins.
Bitcoin price can't be regulated but almost all exchanges including in my country require to pass KYC. this is the way of world governments in regulating crypto players but not for BTC, with the existence of many regulations like this the government and market exchanges benefit from personal data and exchange fees for market exchanges that's why crypto market proceed in a decentralized
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