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Topic: Will bitcoin go under regulation - page 15. (Read 211128 times)

sr. member
Activity: 1372
Merit: 275
August 28, 2018, 09:40:54 PM
Many government are seeing Bitcoin or cryptocurrency as a threat to their financial system and they think it should be regulated to solve the problem. Do you think they can regulate Bitcoin ?
if regulating it might be possible to monitor and give the best wisdom from both parties and do not harm each other it can happen if the cryptocurrency can be official and legal as the prevailing currency
jr. member
Activity: 196
Merit: 1
August 28, 2018, 08:43:33 PM
Bitcoin and blockchain have been involved in so many transactions that it is to be expected that the governments would want to control them. It hasn't been clear what it will finally look like, but I'm pretty sure the governments and lots of investors are interested in crypto regulation. So, I believe it's inevitable whether we like it or not.

I agree. But in my opinion, regulation can be a good thing. Regulation does not have to mean the government having complete control of bitcoin. But we need regulations that will help protect users and ensure security and trust. Those kinds of regulations are essential, right? A totally free market can be disastrous too, if you think about it.
full member
Activity: 476
Merit: 103
August 27, 2018, 12:45:33 PM
Yes bitcoin will be gone under Regulation very soon. Because govt has right to know where people earning and also right to have taxes from investors. but because of decentralised currency govt. does not have any control over it.
member
Activity: 462
Merit: 13
August 27, 2018, 11:22:08 AM
It will be possible for BTC to be regulated but my problem is will the impact on the regulation be positive or negative. Personally i think interference from external bodies will not help and deter or scare individuals from it.
brand new
Activity: 0
Merit: 0
August 23, 2018, 06:59:24 AM
If people who have cryptocurrencies accept the KYC then it might go under regulation.
copper member
Activity: 257
Merit: 2
August 27, 2018, 11:08:06 AM
Regulating the whole Bitcoin system is an impossible task because the Cryptocurrency system is decentralised. Whereas any government can regulate Bitcoin inside its own country.
sr. member
Activity: 2254
Merit: 258
August 27, 2018, 10:33:22 AM
Many government are seeing Bitcoin or cryptocurrency as a threat to their financial system and they think it should be regulated to solve the problem. Do you think they can regulate Bitcoin ?

Bitcoin was created as a decentralized peer to peer payment between two parties without interference from the third party, if Bitcoin will go regulation I'm afraid the decentralization will vanish I don't know  how the government will do this but we should fight against it on whatever we can.
newbie
Activity: 60
Merit: 0
August 27, 2018, 09:59:08 AM
If Bitcoin should gain the international recognition and to become a major currency in the entire world it is necessary that Bitcoin to go under some regulations or otherwise any country will not take the risk for Bitcoin to spread in there regions because the false and ridiculous imagination that Bitcoin destroying traditional financial systems in a country is still hunts people and specially politicians so there is no way they will let that happen even as a crypto community we know true positive benefits of Bitcoin and its potentials as a International currency   
newbie
Activity: 65
Merit: 0
August 26, 2018, 07:08:34 AM
Surely, bitcoin will be regulated one day, otherwise, the government will always see it as an illegal rival. If it's going to replace the fiat currencies, then it must be regulated, so as to polish its flaws also.Government will find it difficult to do, we need to make bitcoin a wold legal tendency anywhere in the world but this can only be achieved by regualated system.
member
Activity: 392
Merit: 10
August 26, 2018, 07:00:34 AM
The characteristics of Bitcoin are easy to be manipulated, semi-anonymity facilitates criminal acts, and even poses a potential threat to French currency.
For Bitcoin, we need to regulate and guarantee the legality of BTC!
sr. member
Activity: 644
Merit: 250
August 26, 2018, 06:23:05 AM
Many government are seeing Bitcoin or cryptocurrency as a threat to their financial system and they think it should be regulated to solve the problem. Do you think they can regulate Bitcoin ?
They have no other choice but to regulate it but their regulation have its own limit because cryptocurrency have its own nature that the government cannot control like the maximum supply of coins that will be mine or created. Government are known for reproduction of added fiat  currency that is why inflation is rampant. With cryptocurrency they cannot do it.
full member
Activity: 686
Merit: 100
August 26, 2018, 05:19:10 AM
Back then I believe regulation is not needed, but for the good of it. I think there's no reason to avoid regulation if that's the only thing that can make BTC an accepted form of currency. Regulation is not always bad , it's a way for it to improve and avoid legal issues in the future.
newbie
Activity: 182
Merit: 0
August 26, 2018, 03:54:58 AM
Bitcoin is going good but when you think about its regulation that is needy in the term of misuse of bitcoin, I think we need the regulation in term which makes control the illegal use of bitcoin and any technique which impact the positive control to pick the thieves and terrorist who are using bitcoin as payment.
newbie
Activity: 18
Merit: 0
August 26, 2018, 03:27:40 AM
Bitcoin and blockchain have been involved in so many transactions that it is to be expected that the governments would want to control them. It hasn't been clear what it will finally look like, but I'm pretty sure the governments and lots of investors are interested in crypto regulation. So, I believe it's inevitable whether we like it or not.
full member
Activity: 476
Merit: 105
August 26, 2018, 02:53:06 AM
at this time there are many countries that feel threatened with bitcoin so many countries are making regulations for the buying and selling of bitcoin like having to do kyc, to avoid money laundering and also to avoid bitcoin being used for crime.
forbid cryptocurrency is forbid the development.

The greatest part of the counties that decided to legalize Bitcoin and refused from banning the cryptocurrency are going to control the crypto market and regulate it even.
full member
Activity: 364
Merit: 100
August 26, 2018, 02:46:52 AM
Many government are seeing Bitcoin or cryptocurrency as a threat to their financial system and they think it should be regulated to solve the problem. Do you think they can regulate Bitcoin ?
It will still depend upon the country where you are living but most likely regulation is going to happen in bitcoin. If the government allow bitcoin in their country, the government will get no benefits from it.By implementing regulation, they can somehow get power to control it and they can benefit from it.
newbie
Activity: 63
Merit: 0
August 26, 2018, 02:41:45 AM
Governments are trying to take it under their control but the main fact is they can not run it properly so, i think bitcoin will not go under regulation.
hero member
Activity: 1148
Merit: 504
August 26, 2018, 12:17:00 AM
The government can not really regulate bitcoin, the government can only impose some restrictions and set tax rates.
Bitcoin is not an object, bitcoin also has no institution.
Yeah actually the government will not be able to do certain things, such as intervention on bitcoin or its users. regulation can be done but
that does not mean all users must obey it, because there is no control whatsoever on bitcoin and everything will continue to be decentralized
sr. member
Activity: 625
Merit: 258
August 23, 2018, 01:01:26 AM
maybe this happened. in my opinion with the existence of clear regulation about bitcoin, its users will feel protected from external or internal factors that are detrimental so that bitcoin users will be more comfortable
full member
Activity: 1582
Merit: 101
August 25, 2018, 11:56:48 PM
Many government are seeing Bitcoin or cryptocurrency as a threat to their financial system and they think it should be regulated to solve the problem. Do you think they can regulate Bitcoin ?

For your reference, If any body wants to control bitcoin or cryptocurrency he has to control it Globally. Cryptocurrency is now a global issue and a single government can not control it. A government can not bann internet for his country's people. So as Internet is open for all crypto is also open for all. Only widely if anybody think to control it, can only be possible otherwise not.
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