Will bitcoin go under regulation - page 19.

MinerFTW

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Merit: 250

Quote from: rosstiller on June 02, 2018, 06:04:23 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 ?

In my opinion, governments can impose some regulations for the BTC and the other crypto coins. But I think this will not be accepted very well by people in the crypto world, and will lead to negative market outcomes.

Sama517

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Bitcoin is already been regulated in some countries. I won't be surprised if most governments decide to regulate the cryptocurrency due to the continuous irregularities with it.

12tribes

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Regulating the bitcoin and the crypto space at large removes the very life and essence of the bitcoin and altcoins as this reverts the crypto world to the conventional fiat and central exchanges thus defeating the original idea of Nakamoto satoshi. This is not to say that some policies and rules are not enacted to protect the Crypto revolution!

Yramesor0

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Yes, it is possible that bitcoin will go under regulations. I think bitcoin regulations has been already implemented to some other countries. I just do not know what are those specific countries. If more than 80% of the population here in our country will be using cryptocurrency then that would be the time that governments will butt in and do their moves to regulate cryptocurrencies.

gabmen

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Quote from: Ronaldcoin2017 on August 23, 2018, 06:19:59 AM

Quote from: tungaqhd on August 23, 2018, 06:12:20 AM

Quote from: rosstiller on June 02, 2018, 06:04:23 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 ?

I think bitcoin will not go under any regulation especially the government's rules because it was made to be like this (except some rules from developers).

Yes I agree on that, o also believe that bitcoin will not go under regulation. There is no company or maybe institution that holds btc. We cannot directly say that it will become under regulation because bitcoin is always bitcoin and if it will be regulated it can maybe change or maybe it has a direct effect on the price.

Well korea has already started regulating crypto and exchanges so it can be done. Though of course, it's not going to be as easy as regulating fiat but i don't have anything against regulations. I think it's needed for mass adoption and acceptance and for people to have high confidence in this market

malbterxic

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I think that if desired, governments can easily begin to regulate the turnover of BTC. To do this, they have many tools, for example: control over exchanges, changing legislation, closing illegal exchange points, etc. The only alternative is decentralized exchanges.

kniheant

newbie

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I think for bitcoin to gain global accpetance a few regulations has to be implemented by different governments. The government have always seen bitcoins has a threat to the global financial system.

delightme

jr. member

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Bitcoin will go under regulation, Regulatory is clarity arguably the single most important issue facing bitcion 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.

brolekset

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This would undoubtedly be to collect taxes but would be made under the guise of protecting consumers. That is just a sign that brings it closer to the exchange regulations.I think the world government or the world financial institution can manage bitcoin. Bitcoin is increasingly accepted by many people and nation if it is well managed.

EdwardARiley109

newbie

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The government can not go against practical requirements, prohibiting the use of Bitcoin. So, it is possible to accept and manage bitcoins as well as other virtual currencies as a kind of "virtual property"

NowLovebed

newbie

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I just can't see it happening. There may be some regulations as to how it will be used in some ways but the full manipulation of the BTC? Can't happen

euronine897

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I doubt that will happen and I doubt the world will go that far to do that specially for a currency that they really like to see destroyed so will they really consider regulating Bitcoin to give Bitcoin a more legit and accepted place in the world I don't think that will happen

DavidGBoydq232

newbie

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Along with the development of science and technology, especially crypto technology, bitcoin and altcoin will be increasingly popular. Therefore, governments should have a clear view of this currency, which in turn has a policy of effective management, in accordance with objective practical requirements.

Ronaldcoin2017

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Activity: 1148

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Quote from: tungaqhd on August 23, 2018, 06:12:20 AM

Quote from: rosstiller on June 02, 2018, 06:04:23 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 ?

I think bitcoin will not go under any regulation especially the government's rules because it was made to be like this (except some rules from developers).

Yes I agree on that, o also believe that bitcoin will not go under regulation. There is no company or maybe institution that holds btc. We cannot directly say that it will become under regulation because bitcoin is always bitcoin and if it will be regulated it can maybe change or maybe it has a direct effect on the price.

DavidDWatkins44

newbie

Activity: 24

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Bitcoins and virtual currencies have properties that have never existed before. Despite its advantages and disadvantages, but with the trend of industrial revolution 4.0, virtual currency increasingly popular, spread and penetrate into countries around the world. Therefore, the issue of virtual currency management is an urgent issue, to protect the stability of the economy, as well as the interests of the parties involved.

tungaqhd

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Activity: 1540

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Quote from: rosstiller on June 02, 2018, 06:04:23 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 ?

I think bitcoin will not go under any regulation especially the government's rules because it was made to be like this (except some rules from developers).

Kentkent

newbie

Activity: 28

Merit: 0

I do no longer assume that any authorities can manipulate its own bitcoin, due to the fact they cannot manage the internet with so much homework finished. however the authorities can manipulate the profits from bitcoin and crypto foreign money while making a decision to alternate your btc budget with paper cash.

Yadamosan

member

Activity: 193

Merit: 10

I think in this time maybe not because they can't really regulate bitcoin because there will be an argument when they're going to do that because many people doesn't want the regulation of the government because of the corruption but when time goes by, i think it will happen because they can't stop government when governments wants that to be happen and I'm hoping that will not be happen just think about when there's a corruption inside this crypto world.

BrianDCampbell343

newbie

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I think there should be a general rule for Bitcoin, which will increase the legality of Bitcoin while adding stability contributes Bitcoin to become a popular currency.

MTNAX

newbie

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Maybe if bitcoin under bitcoin government regulations will be more stringent and not as it used to be, but even though regulated by the government, bitcoin will be better than banned by the government. In my opinion even though bitcoin is regulated at least we can still use it and make a profit, so it won't matter even if the government regulates it.

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