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Topic: Will bitcoin go under regulation - page 32. (Read 211128 times)

full member
Activity: 392
Merit: 101
August 02, 2018, 07:12:01 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 ?
Thinking like you who I like to hear because in every thought people and government are different, so if you find a problem, it needs to be discussed directly. If you ask for my opinion, I think bitcoin to get global accreditation some regulations have been applied by different governments. The government always sees bitcoin as having a threat to the global financial system, so because they will not stop until they succeed in managing it.
newbie
Activity: 224
Merit: 0
August 01, 2018, 03:59:31 PM
no i doàn't think sow, because bitcoin can't be controlled by somene or an organisation , so difetnly no
jr. member
Activity: 280
Merit: 1
August 01, 2018, 03:57:24 PM
The time is not far from now when cryptocurrency will be accepted by almost everyone in the world. In the near future, an era would come when bitcoin will be partially be regulated. Almost everything is regulated by some set of rules hence it would not  be surprising when some regulations are implemented
jr. member
Activity: 71
Merit: 1
August 01, 2018, 02:40:12 PM
in my opinion it might be possible for some countries to implement regulations for bitcoin, but it might be very difficult if all countries are under regulation for bitcoin. see technological developments every country is different and also many people who do not know bitcoin. i think when bitcoin will recognize the whole world then bitcoin comes under government regulation.
newbie
Activity: 58
Merit: 0
August 01, 2018, 02:39:46 PM
Many will try to regulate it, that's for sure, but I'm not sure they will manage to do it actualy. The whole point of cryptocurrencies is not to be regulated by any state institution. Still, they will not rest to until they tax the hell out of this whole story since it is profitable to all regular people and not available to them at that level.
member
Activity: 952
Merit: 41
August 01, 2018, 02:33:53 PM
Well I have said this before bitcoin is highly sufiscated to the point of not being able to be control by any person or institution of government not to even talk of it going under any regulations, cryptocurrency is design with it unique ability of being highly decentralized and at that it become hard for it to be regulated.
newbie
Activity: 196
Merit: 0
August 01, 2018, 02:33:29 PM
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 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.
Money laundering, drugs deals, terrorism, illicit trade , tax evasions etc are always the false argument against bitcoins. The sad thing is that these only speak of the bad sides and never see the amazing opportunities bitcoin offers
newbie
Activity: 196
Merit: 0
August 01, 2018, 02:29:38 PM
Regulating bitcoin may be difficult by governments, strict rules will even make it worse to as people will just find alternative ways to transact in cryptos away from the prying eyes of government
newbie
Activity: 101
Merit: 0
August 01, 2018, 02:27:23 PM
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 will never be under regulation, the Government must make its own digital currency if it wants to control it. The purpose of the bitcoin system created by Satoshi is that all bitcoin users can make transactions without government interference.
full member
Activity: 364
Merit: 101
August 01, 2018, 02:02:40 PM
As we can see, bitcoin has already become part of the financial system. It affects the world economy and plans to strengthen its positions.
I think that central banks will emit and regulate crypto-currencies. This will help reduce the amount of cash, control illegal transactions, identify senders and recipients of crypto-currency transactions.
jr. member
Activity: 224
Merit: 2
August 01, 2018, 01:46:16 PM
i think thats the issue the government is having with bitcoin, the government always want to regulate the way things are done in a sovereign system and its for the betterment of the citizenry. For bitcoin, the government will definately gain control over the digital currency else it will affect it acceptability worldwide. For bitcoin to achieve it objective of been the world first digital currency, the government must be involved in it.
jr. member
Activity: 294
Merit: 1
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August 01, 2018, 01:09:55 PM
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 ?

Yes. Government authorities will regulate bitcoin. In a recently published article by a IMF deputy director; Mr. Dong He, there is a recommendation to regulate cryptocurrency in order to prevent regulatory arbitrage and unfair competitive advantage. I think governments will follow this recommendation and regulate bitcoin.
Actually there is no way to regulate bitcoin blockchain, what governments can regulate is the places where cryptocurrency are exchanged into fiat currency. i.e. Fiat/crypto exchanges
I agree with your explanation. and again I want to say that bitcoin can not be set. that's the reality that is on the blockchain system.
thanks for the description. may be useful
newbie
Activity: 3
Merit: 0
August 01, 2018, 12:40:48 PM
Bitcoins appeal is anonymity and the fact it's not regulated. If it becomes regulated I feel like bitcoin would die.
sr. member
Activity: 882
Merit: 297
August 01, 2018, 12:33:40 PM
Bitcoin is a universal free to mine coin and it. Cannot be regulated by a single government. It can be regulated by respective country government as per their policy.
copper member
Activity: 24
Merit: 0
August 01, 2018, 12:21:56 PM
eventually it might have some regulations
newbie
Activity: 224
Merit: 0
August 01, 2018, 12:21:18 PM
The core nature of bitcoin is to be decentralized, so I don’t think it gonna be under any regulation or it won’t be bitcoin anymore. The goverment always try to manage what they cannot control, and bitcoin might be affected by authorities’s movement but it won’t be regulated
copper member
Activity: 126
Merit: 0
August 01, 2018, 12:16:23 PM
I seriously don't think so that it will happen because the GOVERNMENT of a single nation can not control the BITCOIN as it is a digital currency and control by the INTERNET so its not possible for a single government to regulate the bitcoin.However, if the whole world want to regulate the bitcoin only then it can be possible.Moreover, it take some more years for bitcoin to regulate by the whole world.Government can only control the earning which is generated by the bitcoin and other crypto currency when people exchange their bitcoin in the fiat currency at that time it is actually possible.And that is also a time when government also earn income from the bitcoin investors by imposing tax on them.
member
Activity: 322
Merit: 10
August 01, 2018, 11:50:00 AM
Bitcoin can be under direction, this must be dictated by a nation. The direction can be that, the utilization of bitcoin as a methods for monetary exchanges that can be utilized as a part of expansion to the official cash held in the nation, however for bitcoin esteem can't be under any control. This is on account of the esteem or bitcoin cost isn't influenced by the direction that is connected in a nation, however the bitcoin cost is affected by a few factors, for example, bitcoin impacted by free market activity in the market. In the event that numerous individuals purchase Bitcoin with a lot of Bitcoin costs will take off up. On the other hand, if numerous bitcoin clients are offering Bitcoin then bitcoin costs may drop strongly and quick.
member
Activity: 299
Merit: 11
August 01, 2018, 11:35:02 AM
Yes they can if they wanted to. They are the government anyway. As long as they approve a bill then it is law. And regulating bitcoin is a long time coming. The amount of cash flow bitcoin is getting everyday will certainly get the attention of someone in the government, especially when tax is to be gained from it. We can't stop it cause such is progress.
newbie
Activity: 154
Merit: 0
August 01, 2018, 11:33:49 AM
f governments accept bitcoins as well as they provide a legal framework for bitcoin to work and be able to comply to contribute to a more stable bitcoin then bitcoin will be Compliance with the convention defines them as collective
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