Topic: Will bitcoin go under regulation - page 17. (Read 211123 times)
in my country there is absolutely no regulation and especially the government only considers bitcoin as one of the dangerous investments so they recommend not investing in crypto currency. different from the European states that have good blockchain regulations in the development in the industrial business and I really appreciate it. I hope my country is like a European country
Yes its threat to them just because they are trying to protect the citizens against any form of scammish investment,regulation will still be adopted by them so that it can be trusted by many people.
it's noit a threat. I fhtye really do it the way to protect people, it can only do good and help. But if they will try to protect centralized systems and banks, then not really
For me, it is better if it is regulated to an extent since if it is, then it would be totally legalized. Not that it is illegal or anything. But just that people will be more assured that crypto is legit.
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 ?
Until now, I have never heard of any country that regulates Bitcoin or even the central bank. because bitcoin is decentralized online digital currency, bitcoin makes transactions anonymously, so there's no chance to add bitcoin under the rules. This is only my observation. We will see in the future.
It appears from the outside that regulators are taking a cautious approach, gathering data to make an informed decision. Whatever they do decide to regulate or not, it will spark a reaction in the bitcoin markets. Everyone knows that regulatory clarity is arguably the single most important issue facing bitcoin right now. Increased adoption should lead to an increase in bitcoin's price, and many businesses and consumers are reluctant to adopt bitcoin because of negative headlines and the currency's uncertain regulatory status. Fundamentally bitcoin is not designed for central regulation so I believe BTC direct regulation is not possible but regulating tradings, exchanges etc is definitely possible.
so many people do not want to invest in crypto currency, because it's not legal! we need control. They do not worry about the financial system, the economy will sooner or later completely pass to the crypto currency and the crypto system! if bitcoin and other crypto currencies are legal, then in the creep the market will be very big investments!
Regulating bitcoin can easily erode its functionality,in some countries were there fanacial institutions are weak ,it will be politicized and that will be counterproductive to the crypto currency market.
Right now governments have made it fall under the regulated asset, which is the major cause for the price to be fluctuating within limited price range without further pumping. Some governments view bitcoin as a threat to them financially but other countries with advance economies see bitcoin as another source of tax.
Why do we need to regulate Bitcoin because by doing that I feel like we are giving outside world and for people who were blaming and making false rumors or accusation more power over the Bitcoin community. Bitcoin was doing great so far without any regulations and without any authority and protecting it's status being a decentralized asset but this situation can be destroyed instantly forever if Bitcoin go under regulations
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 ?
I think if the time come that the government recognizes and allows bitcoin circulates they will regulate it. Just like now that some governments are trying to block crypto because they can't or they don't have the power to regulate it. Bitcoin is a threat to the government but an advantage to an individual to get a higher standard of living.
When the government's interests are threatened, it will force the government to regulate the cryptocurrency market within the limits of investor censorship.
If we want to legalize cryptocurrencies and in particular bitcoin, we can not do without government regulation.The scheme will become more transparent, but I think this should not affect the basic functions of bitcoin.Methods of regulation are already being worked out, even the tax system is already in place.
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.
forbid cryptocurrency is forbid the development.
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 ?
Government can only only regulate the use of bitcoin and other cryptocurrencies by means of buying, selling or any of transactions but they can't able to regulate the coin itself because it is decentralized. Some governments has already imposed their own regulation on the crypto exchanges that are operating in their country and many other others are following suit. But not all regulations are restrictive, most of it are imposed to protect people from scams and illegal activities that uses cryptocurrencies.
Yes its threat to them just because they are trying to protect the citizens against any form of scammish investment,regulation will still be adopted by them so that it can be trusted by many people.
it looks like it won't happen because actually bitcoin has the purpose of creating coins that can't be controlled by anyone because the bitcoin should only be affected by the demand not from regulation.
Yes in the near future as we all know that there are many people nowadays joining cryptocurrency and the good thing some of them are really putting their money on the system because they know that bitcoins are worth it for investment especially in long term. Though the ETF as of this moment did not approve BTC well maybe it could be in the near future. There are some time for it to happen and maybe not for now.
This regulation can be done in the future if the cryptocurrency will be accepted and be legit around the world ,and become one of the world currency, because the government and cryptocurrency might come up with terms and conditions in running as legit currency.
Main reason some say that Bitcoin should under go regulations because many thinks and believe if Bitcoin become mainstream currency in the world because it cannot be controlled by anyone financial crisis can be happen due to the rise of Bitcoin and it is a major thing that every once discusses in current world and it can happen but making Bitcoin under regulations will make barriers to bitcoin users and the benefits we gain from bitcoin will be limited
I am sure there will be a system that can manage crypto without reducing what Crypto has. I'm sure crypto can build a country as long as it can be used correctly. but it takes time and at the moment I don't think there is a system that can manage crypto without harming one party. but the most important thing is to try not to isolate it without seeing its potential.
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