Topic: Will bitcoin go under regulation - page 28. (Read 211129 times)
Bitcoin can't be regulated because of it's decentralisation. However centralised exchanges can be regulated by financial institutions and goverments, that's why I think in the near future decentralised exchanges will gain more popularity.
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.
I think the world of bitcoin is going to grow bigger, and many governments now worry about the threat of bitcoin and introduce some regulatory measures. If bitcoin is used by more people and industries, the government may relax control of the encrypted world, thinking that it would have a lot of benefits for the economy.
If the government adjusts bitcoin then I believe bitcoin will soon be approved as a means of exchange
Obviously, bitcoin will receive more and more government regulation. Despite the rapid development of bitcoin in the past few years, it has also brought a lot of negative news, and the risk of accumulation of indiscriminate ICO and the huge market value of industry is worried by the government.
many goverment invistigate bitcoin and for sure under regulation, and many people doing scam, due payment and transaction should government will under invistigate
Of course many countries are aware that the use of bitcoin is increasingly popular so making regulations is something that must be done immediately, if not making regulations it will make a lot of problems someday.
This is one of the reasons for some countries why they choose to prohibit bitcoin on their soil that is because bitcoin can not be regulated. Some states say that if bitcoin will allow the government to regulate it, they will also allow the existence of bitcoin on their soil. They are still worried about the bad effects Bitcoin brings but there are still some countries that accept Bitcoin. Typically, Korea and Thailand
The people can be regulated by the governments through the laws they pass on Bitcoin but the government cannot regulate the transactions of Bitcoin since it was created to be decentralized. If the people choose to still trade with Bitcoin, the regulations stands insignificant.
The main advantage of bitcoin is still decentralization and if this is so then the world will change to a better side for us because the online folding bitcoin is done or done through the internet network, even if a country ban the running of cryptocurrency will keep running.
Someday countries and even the government will soon regulate the use of bitcoins maybe some other banks will do the same if bitcoin will be legalized by the local government
Someday countries and even the government will soon regulate the use of bitcoins maybe some other banks will do the same if bitcoin will be legalized by the local government
In some cases, bitcoin may be under rules, such as legal or illegal from bitcoin itself, interbank transactions must be limited, or payment may or may not. But in the cryptocurrency market it cannot be under anyone's rule, the market will look for itself where the price of bitcoin will rise or fall depending on the cryptocurrency market itself. No one can regulate or determine the market.
as Bitcoin is Decentralized, no one can control it, but every country makes some regulations for almost any financial instrument and they will make regulations for Bitcoin, too.
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 believe they cannot. As a decentralized type of payment system, bitcoin's users are anonymous hence cannot be traced. Having said that, controlling or regulating its use seems not possible. The only way for the government is to ban its use in their country or limits its usage. Since they won't know if their citizens use it for good or not, banning it will be mostly an action governemnt will take. At least, I hope bitcoin will first be accepted worldwide.
The government actually cannot regulate Bitcoin.
Bitcoin works with a decentralized system so that the use of Bitcoin is regulated by each Bitcoin user itself.
The government cannot enter in to intervene to regulate Bitcoin because it has to do with the working mechanism of Bitcoin as a coin that can be determined by each user.
Bitcoin works with a decentralized system so that the use of Bitcoin is regulated by each Bitcoin user itself.
The government cannot enter in to intervene to regulate Bitcoin because it has to do with the working mechanism of Bitcoin as a coin that can be determined by each user.
If there is a modification of Bitcoin only in the template is prohibited in the market. All effects are mechanical.
many goverment invistigate bitcoin and for sure under regulation, and many people doing scam, due payment and transaction should government will under invistigate
The economies were already there and the bitcoin was in their midst. I believe that it remains for us to wait very little, when every government of its state will start issuing laws about the crypto currency. Almost everything is regulated by some set of rules hence it would not be surprising when some regulations are implemented
Several months ago, country member G20 decide to make regulation on bitcoin and cryptocurrency but they will make mechanism. But i think they will regulate cryptocurrency on trading or market. But hopely they can regulate bitcoin as payment because we are living on internet era
I agree with this bitcoin will under regulated if the government will forced to be a bitcoin legitimized in all countries so that the bad image joined in bitcoin stopped like scammers.
Sadly, most governments think everything is a threat for them. I don’t blame them, the world is not easy to understand everything but still i see there is so much hate for crypto sometimes. And it bothers me. Governments try to create regulations for everything but i don’t think they will prevent btc or crypto forever.
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 is not owned by the governments, that's why they think it is a threat to them. Many users of bitcoin nowadays even those who have a regular job they still make way to have bitcoin and to earn it. Why? because it has a big help ton, everyone depends on how we can handle it and manage our time with bitcoin and with a regular job that we have.
It is possible for bitcoin to undergo some sort of regulations in the near future. We live in societies where almost everything is governed by rules and regulations. Although the world of crypto is mainly backed by the decentralized blockchain technology, I would not be surprised not to see some form of external control in certain countries when the need arises.
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