Will bitcoin go under regulation - page 27.

beryziq

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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 it's relative, because it is still possible to regulate the use of Bitcoin as like as regulating other financial instruments. But, this is a challenge for policy makers to create efficient solutions without hampering the growth of the business and bitcoin market.

Lexurdania

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Quote from: kemonojim on August 08, 2018, 01:10:45 PM

Most governments are afraid of bitcoin because it cannot be controlled, and that is a source of illegal activity, some governments appear to ban bitcoin, as they now need to do more research on how to regulate this kind of innovation.

Indeed government afraid to lose control if bitcoin allowed. But on the other side, government need collect taxes from cryptocurrency trade. We know that cryptocurrency market growing everyday and government must be want to collect that trade taxes. I am believe government will regulate bitcoin and other cryptocurrency because its become more popular and its growing market

tazmannia

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I think that the maximum that will be in the state is the issuance of bitcoins on credit. Paying interest people will be Fiat money. Bitcoin will act as an asset that has a certain value of Fiat money. I don't see any other options at the moment.

inspirone1

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Open and Transparent Science Powered By Blockchain

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 ?

It will definitely go on there goes because every country will want to put their own laws above Bitcoin. So technically it can be ok but I'm worrying that it will cause us to have all those transaction problems as we have with local currencies.

bp.comp69

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Quote from: stefy77 on June 02, 2018, 06:20:01 AM

If peoples who have bitcoins and cryptocurrencies accept the KYC then it will mean that governments will have won.

the government is very worried about Bitcoin, because they think Bitcoin can destroy their economy, so the government wants to make Bitcoin regulations, but I can't or not doubt that.

dashcollector

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They can just charge more tax on crypto and do nothing else. One of the best tings about crypto is that government does not has much control over it.

vagrom

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I think BTC is popular with investors because it is not regulated by any country or government
which is why many countries regulate it.

Asmarina Fethawi

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This is positive rather than negative

rudox

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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. If bitcoin lost its decentralization statues then it is as good as nothing.

Hasbro27

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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.

kemonojim

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Most governments are afraid of bitcoin because it cannot be controlled, and that is a source of illegal activity, some governments appear to ban bitcoin, as they now need to do more research on how to regulate this kind of innovation.

EEE14

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I believe that it would be great if bitcoin is directed legitimately, at that point numerous legislatures all around the globe can't contradict it. They think it is a risk to their money related framework.

walemil

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Bitcoin regulation will be the decision of the country concerned. What we need to understand is that cryptocurrency has come to stay. It is already gathering support from countries like Germany, Japan, Australia etc. This shows that nothing can eradicate it.

bjmpoker001

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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 ?

If some country want to legalize bitcoin, the government may regulate it before used by their peoples.
Regulation in bitcoin may required because we still use our local fiat currency to liquid bitcoin.

tyronecoinbit

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Quote from: Bumblecoin on August 08, 2018, 06:02:13 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 ?

The government can control bitcoin or the crypto currency as a whole. And our future is dependent on how our government will take actions on it. I just hope ours will have a positive outlool towards it.

The Government can't control bitcoin. As we all know, bitcoin is decentralized. No one can control it. But, the Government can regulate its transactions to protect investors and reduce the risk of fraud.

Bumblecoin

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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 government can control bitcoin or the crypto currency as a whole. And our future is dependent on how our government will take actions on it. I just hope ours will have a positive outlool towards it.

Thatsit

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I think it is possible to bring control. Because many countries in the world are now using Bitcoin, then those countries are gradually using Bitcoin to create their economic relevance. So in the future, it will be fully controlled, it will be able to be used properly.

Chrystora123

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Omicron is another FUD

to be honest, they (the government) will not be able to do that, because Bitcoin is a decentralized cryptocurrency, so I think Bitcoin will be difficult to regulate, but I can't confirm whether in the future Bitcoin will continue to survive because if the government wants to make rules about cryptocurrencies, they must create their own cryptocurrencies...

Irwandho

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Quote from: makutu on June 30, 2018, 01:58:44 AM

Gradually BTC will be legalized in other countries, Bitcoin as a means of trading may be used outside the official currency held in that country, but for Bitcoin's value there are no rules. can adjust it. Because the value or price of Bitcoin is not affected by the regulations applied in a country,

I think the price of bitcoin is influenced by several factors, such as, bitcoin is influenced by supply and demand in the market. If many people buy Bitcoin with a large amount of Bitcoin prices will soar. Conversely, if many bitcoiners sell Bitcoin, the price of bitcoin will drop sharply.
Bitcoin can be under a regulation that is determined by a country, the rules governing the use of bitcoin as a means of transaction that can be used in addition to the official currency held in the country, but for the value of bitcoin there is no regulation that can regulate it.
because the value or price of bitcoin is not affected by the regulations applied in a country

hawkins

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Quote from: Kong Hey Pakboy on August 08, 2018, 05:24:07 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 ?

They see it as a threat. I think because central banks must be trusted not to debase the currencies. I mean, we trust banks with our money but in return they somehow manipulate it and steal some of it.

well, it could happen. but I see that bitcoin is starting to be accepted by large companies in the world. well, I think it's only a matter of time until the government accepts the development of this technology.

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