Topic: Will bitcoin go under regulation - page 18. (Read 211128 times)
I don't think it will. Firstly, government can't fully understand Bitcoin. Also, they can't find a way to stop Bitcoin from being transferred internationally without governmental awareness. So even if governments regulated Bitcoin, it wouldn't be effectively regulated. Secondly, governments are always expressing their antipathy towards Bitcoin. they said that there was no legal provision backing up crypto transactions and referred to cryptocurrency as a “serious threat to the financial stability”. Considering such claim from them, we can understand that they don't want to welcome Bitcoin.
In general, institutional antipathy towards cryptocurrencies can be felt in almost every country. Multiple warnings have been issued against their use, many officials have declared that they are illegal. It is the evidence of that they have failed to control Bitcoin due to its decentralization. They are unable to put it under their control, so they deny its usefulness and superiority. In short, Bitcoin will not go under regulation.
The chance is little, I think. Some authorities has been struggling to grasp the crypto phenomenon for quite some time now. The inability to fully understand it and put it under control has resulted in a state of semi-denial: “it’s illegal”, officials repeat tirelessly, but also keep trying to tax it. In the end, they still fail to regulate Bitcoin.
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They can't do anything to stop it.
That was when there was a transaction between the two parties, but I still wonder which agency will make regulations for Bitcoin. Or we have to upgrade KYC.
As we have seen for a long time, they can not agree on regulation and legalization in the same way, and many countries are completely against cooperation with cryptocurrencies, so I think that if they will want to do it, then definitely not in the near future.
Bitcoin will have to be regulated before hitting the global stage I'm afraid. The governments will want control over it rather than letting people go wild with it. Plus there are many scams and hacking in the current crypto world so it is best have something in place for that.
That is true but the government has a right right to want to control bitcoin due to the black market.
It is possible to happen that bitcoin will one day be under the regulations of the government. The government are always finding ways to regulate it so not to create chaos in the future specially when all the people are going to use it, it will be a huge change in the economy.
Ever since i joined crypto, i have been hearing about the interest of various governments to regulating bitcoin.
I think what they actually want to do is to control bitcoin with the intent of destroying it.
I do not thing government regulating bitcoin wil be a smooth ride.
I think what they actually want to do is to control bitcoin with the intent of destroying it.
I do not thing government regulating bitcoin wil be a smooth ride.
The issue of regulating bitcoin or cryptocurrencies has been in the front burner with the various governments of the world. The government is interested in controlling bitcoin and if they succeed in doing just that then they have gotten their major aim which is destroying of bitcoin.I believe that it would be great if bitcoin is directed legitimately. It could happen. but I see that bitcoin is starting to be accepted by large companies in the world.
As digital assets, I think bitcoin and another cryptocurrency cant get under regulation so easily.
The government only give regulation for something that they can control and protect.
And like we know no one can control Bitcoin and Blockchain for them self. All depend on the market demand. Maybe some people try to manipulate the price with hold a lot of bitcoin. But its still depend on demand. Even if they sell bitcoin under value, if no one wanna buy, what can they do ?
The government only give regulation for something that they can control and protect.
And like we know no one can control Bitcoin and Blockchain for them self. All depend on the market demand. Maybe some people try to manipulate the price with hold a lot of bitcoin. But its still depend on demand. Even if they sell bitcoin under value, if no one wanna buy, what can they do ?
Approval from SEC and the further growth of Bitcoin are not possible without the introduction of regulation.
As long as bitcoin goes through different hurdles like that many regulations also affected bitcoin in many countries and like now the bitcoin price is down due to some bad news and many other regulation and ban from different countries but soon bitcoin price will stable and this will be traded on high prices in the history as i want to hold my bitcoin till the price rise.
All possibilities can happen, especially if bitcoin fixes the system. But that possibility will not happen in the near future.
I don't feel that any legislature can deal with its own particular bitcoin, in light of the fact that they can not control the Internet with so much homework done. Be that as it may, the Government can control the wage from bitcoin and cryptographic money when you choose to trade your btc reserves with paper cash.
In many nations, I'm certain you won't report it and pay charges.
In many nations, I'm certain you won't report it and pay charges.
bitcoin cant be regulated but if they put rules in place and you get caught then you would get done
More are receiving to Bitcoin and different kinds of digital currencies. they have a thing called KYC ( Know your client ) Policy so you can offer your crypto into fiat or what sort of money do you have in your place. there are great and terrible sides on applying a KYC Policy making the Government won on making Bitcoin kinda brought together for a bit. furthermore, the terrible sides are since they have the control over the exchanges Local wallet if there is one.
The government is trying to regulate Bitcoin in parts of the world and I find it more tuned in the future. Managed closely will lead to less scams. I hope the government can begin to make sense of the rules of bitcoin, for the common good.
Of course it is a big issue for BTC's future. But I hope that BTC won't be under regulation because the sense and a huge advantage of BTC will disappear .
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