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's blockchain itself is uncontrollable as there is little chance to stop btc mining and flow of transactions. However, the use of bitcoin on different trading platforms can be restricted or even banned - and that is the greatest threat to the development and popularization of btc. 
Topic: Will bitcoin go under regulation - page 2. (Read 211123 times)
of course it can, because the state is a container or place of a population of human life, where all the rules and systems that exist, are governed directly by the state. but it does not rule out the possibility of certain countries allowing the development of bitcoin to advance rapidly, because it feels very helpful to the economy of the community and reduce poverty.
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 don't think that this will happen because technically it is incredibly difficult, if it is even possible; however governments can put some regulations on us, people.
I believe that governments can do this. Moreover - I believe that this will be done by them! The sooner they begin to regulate the activity of the cryptocurrency market, the sooner there comes a calm. Without regulation, this market will still be too dangerous for investors for a long time.
it could be yes, the state has a permanent law and certainly as the host has full authority over a system and regulations. but in my country, the government is very supportive of the presence of bitcoin, because it feels very helpful for the economy and prosperity of the lives of many people and reduce poverty.
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 the future, bitcoin will be regulated by the States in which they will begin to accept the cryptocurrency , and make it a way to pay for goods and services.
I think there are several scenarios for the development of cryptocurrency regulation:
- Pessimistic: the legislator will prohibit the use of cryptocurrency and will introduce responsibility. Business, as well as after the letter of the Central Bank of the Russian Federation, will try to withdraw its assets outside the country.
- Probable option: there will be no clear position of the state on this issue, consideration of the issue will be postponed. Expectant position.
- Optimistic scenario: cryptocurrency will be recognized as legal tender. The state will consider all points of view, hear the business, take into account world practice, analyze them.
- Pessimistic: the legislator will prohibit the use of cryptocurrency and will introduce responsibility. Business, as well as after the letter of the Central Bank of the Russian Federation, will try to withdraw its assets outside the country.
- Probable option: there will be no clear position of the state on this issue, consideration of the issue will be postponed. Expectant position.
- Optimistic scenario: cryptocurrency will be recognized as legal tender. The state will consider all points of view, hear the business, take into account world practice, analyze them.
The government can regulate the use of bitcoin through its own rules and procedures, in the sense of the way of ownership and bitcoin transactions, so that it can be clearly known about the owners of bitcoin and those who do bitcoin transactions. This is likely to be done by the government, to prevent the occurrence of a copy, the use of bitcoin that can harm the government, such as funding terrorist activities, money laundering and so on.
Im think over time bitcoin will be over will be legalized and a payment instrument and if so it will be clear that only when governments are able to fully control bitcoin in and track all transactions and who does it.Now we still have freedom and freely exchange cryptos for money because not all exchanges demanded KYC. When btc and all cryptos make legal all then governments will prevent all exchanges that want to work so they enter KYC and report compulsorily to the state
I don't think bitcoin will be regulated by any government, and it's impossible to directly try to manage bitcoin because of its decentralized nature. Governments can regulate cryptocurrencies, allowing their people to use bitcoin legally.
in my opinion, the government cannot make laws about bitcoin that have been circulating in many countries. And so far bitcoin in a country is only monitored and does not change the rules in bitcoin. What is seen or changed is that the tax can be raised in banks in the country.
Bitcoin has been surging and falling in recent weeks. And it seems mostly to come down to one thing: regulation. The lack of regulation is, for now, a large part of bitcoin and other cryptocurrencies' intrigue: they seem to allow people to avoid the traditional restrictions in place in money and other assets.
One day, all countries will issue regulations to regulate digital currencies and provide legality to all users, so crypto will be one of the economic supports in all countries. because the existence of crypto cannot be avoided and must be faced.
That is what the government is trying to achieve but I don't think it will go through, moreover if BTC undergoes regulation the price could be a bit stable only that the manipulation will be much.
It is very difficult to judge this, as very few countries have accepted bitcoin as a currency, and it is unknown how other countries will behave. In any case, bitcoin will be developed and used, and I hope that the authorities will deal with this issue and implements bitcoin on its territory.
I know that my country wants to accept cryptocurrency, subject to mandatory regulation. I do not know what it will be, and I understand that it is somewhat contrary to the decentralization of bitcoin. But it is better to accept it on such conditions than not accept at all.
Trying to regulate Bitcoin will be one difficult thing to do. First and foremost, you have to be at least 70% of the amount of the circulating Bitcoin. Secondly, unless they decide to buy all the amount of Bitcoins available which its about 17,308,787 BTC circulating and this will cost them a fortune.
In case govt recognize bitcoin but not exclude the idea they might supply regulations along with legislation on the men and women about how to work with the idea to stop employing bitcoin in a very drastically wrong means. Much like various other income, Bitcoin works extremely well pertaining to various uses, several of that could be deemed authorized as well as outlawed according to the legislation in a very land.
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