Will bitcoin go under regulation - page 20.

Joriecoinbit

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Quote from: boksoon on August 23, 2018, 01:43:38 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 ?

Regulation to bitcoin is a proper way to operate for the entire module of bitcoin that's why many government wanting to regulate this because if we are all operated in our selves how gonna happen to the poor people uneducated that really needs the help of the government? Bitcoin is like a cash money in terms of public service to helping to people by collecting taxes from merchandise or any king of goods. that is also to bitcoin if ever it is a primary use it needs to have a good regulation for whatever deductible taxes in every transaction.

If bitcoin is continuously operated without proper regulation many poor people around doesn't benefited the good service of bitcoin.

In my opinion, the Government has the power to regulate bitcoin. In fact, the Government regulates bitcoin transactions in the Philippines. They regulate bitcoin transactions to avoid money laundering and fraud. They do that for the sake of their fellowmen who's into bitcoin.

boksoon

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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 ?

Regulation to bitcoin is a proper way to operate for the entire module of bitcoin that's why many government wanting to regulate this because if we are all operated in our selves how gonna happen to the poor people uneducated that really needs the help of the government? Bitcoin is like a cash money in terms of public service to helping to people by collecting taxes from merchandise or any king of goods. that is also to bitcoin if ever it is a primary use it needs to have a good regulation for whatever deductible taxes in every transaction.

If bitcoin is continuously operated without proper regulation many poor people around doesn't benefited the good service of bitcoin.

mejalipat

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I think, the government can't regulate bitcoin because bitcoin is a digital currency that cannot be regulated by anyone, but the government will definitely continue to find ways to regulate bitcoin

TiceOwil

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I will say two things quickly. It should happen. It will happen. Take for example, most of the countries that banned cryptocurrency really did it because of lack of understanding. Most don't really understand the currency and how it works. And if this is the case, it also means they can't regulate it. I don't know of any government in the world that will permit an innovation that they cannot control, especially when it is related to finances. At the start, when few people are using the currency, it can be left unregulated. But as it becomes more widespread, the government will either ban it or regulate it. So, it's one of the two.

Laily alie

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I think it's a win for btc if government's accept it and regulate it with fair amount of tax and rules.Strange why some people here are afraid of governments and yet wants bitcoin to become mainstream. No regulation, no chance of going mainstream. Lips sealed

doodle07

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It is possible that bitcoin will go under the government regulation because the use of it is slowly spreading. Bitcoin will surely not the same anymore because it will become centralized because it is being regulated by government but no matter what it will be, it is much better to regulate it than to ban it, bitcoin will surely be globally use as a currency at the same time as an investment.

pahomovat

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Individual countries are coming up with their own regulations but there cannot be an overall regulation.

pelipurlara

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the possibility of regulating bitcoin can indeed happen, but only applies in their countries that have legalized this crypto currency, and bitcoin is not a threat from their country's financial system

Otsu

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There is a tendency that it could be happen since bitcoin now are being acknowledged by some businessmen around the world and most of the feedbacks and reviews from the people especially in social medias are positive. Although it's hard to tell for now because of the current situation in the market but probably in the near future it will be regulated.

crossabdd

legendary

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no, and today has proven, 9 bitcoin proposals have been rejected. so bitcoin won't run under government regulations. because Bitcoin has its own way. How Bitcoin will run on government regulations, while Bitcoin itself has no rules. so Bitcoin will still run alone on the rail. if bitcoin is under the government, then it will not be decentralized.

SistaFista

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Hexhash.xyz

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 ?

The government may regulate cryptocurrency to allowing their peoples using bitcoin legally. But they won't be able to fully regulate it.
And i think bitcoin is not a threat for their financial system. They actually can adopt cryptocurrency to their existing financial system.

bucketthechange

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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 ?

The irony about regulation is that it forces more innovative forms of technology that fly in the face of regulation. Regulation moves those predisposed to working solutions outside of regulation.

nororiek

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They should regulate Bitcoin to prevent money laundering. Decentralized doesn't always mean ignoring safety because of its anonymous system. Honestly, I don't think Bitcoin should be treated as a threat because its influence to financial system is not really that strong and worrying.The government will impose tax and rules for a transaction made within fiat and cryptocurrency, also may be within cryptocurrencies. Not all countries may perform this task, but there are few countries that are already undergoing this process.

Masatos

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I hope that this will never happen and bitcoin will follow the path of its creator to the end

FedorIzmailov

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now probably not, but in time it seems to me that the government will be able to regulate it if bitcoin becomes the world currency

Bakery cream15

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In order for the cryptocurrencies to succeed they need to be regulated. Governments will see the benefits of aml bitcoin and it will be part of the economies. Cheesy

ansarose1

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I think yes, it will go under regulation when peiple using bitcoins online has very much money to transfer into their wallet, and when they will get their money, a much money withdrawn is placed under rgulation of the government and you will be questioned that where is the money came from.

Winterwood21

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The Bitcoin protocol cannot be modified without the cooperation of almost all users, but it is still possible to regulate the use of Bitcoin as well as regulating other financial instruments. Just like dollars, Bitcoin can be used for a variety of purposes, some of which may be considered legal or illegal depending on the law in a country.
The challenge for policymakers, as always happens, is to develop efficient solutions without hindering the growth of emerging businesses and markets.

Karie_Legend

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No one can be sure it will happen with the government with Bitcoin and we should think about the best things that will happen in the future.

Dbzcoin

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They should regulate Bitcoin to prevent money laundering. Decentralized doesn't always mean ignoring safety because of its anonymous system. Honestly, I don't think Bitcoin should be treated as a threat because its influence to financial system is not really that strong and worrying. Centralized financial system is too big to fight. Instead of thinking Bitcoin as a threat, why don't we offer its blockchain technology for them to adapt? I believe products generated by traditional financial system and blockchain combined can make a better financial world efficient, easier, and even cheaper blockchain rules 2025 world adoption.

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