it is a threat to the government but do you think that blockchain technology can be regulated by government? Of course not. So i think they can't control it and they can't regulate it. Even though that happens people will do make a way to take out this issue
Topic: Will bitcoin go under regulation - page 50. (Read 211123 times)
Actually yes, every country have there own terms and rules that implemented. In order to let crypto currency move in to their perspective area they should do some regulation so that they can manage well but not the entire system of bitcoin. It is just good to apply for their country.
Not a system
It can't be in under regulation. you should learn more about bitcoin or blockchain. Its DECENTRALIZED system.
I think bitcoin is going well but when you think about its regulation that is needy in the term of misuse of bitcoin, I think we need the regulation in term which makes control the illegal use of bitcoin and any technique which impact the positive control to pick the thieves and terrorist who are using bitcoin as payment money,
Iftar bitcoin going to the sum of radiations there will be a lot of changes will come up on the basis of cryptocurrencies but we cannot say it is positive are in the negatives date but regulations are very important for each and everything so I think it will be good for bitcoin and other cryptocurrencies too.
I think bitcoin is going well but when you think about its regulation that is needy in the term of misuse of bitcoin, I think we need the regulation in term which makes control the illegal use of bitcoin and any technique which impact the positive control to pick the thieves and terrorist who are using bitcoin as payment money,
Bitcoin was made on the standard in which all the information is spread between servers across the globe, if bitcoin will go under regulation then that means that one person has access and control over the entire transaction record and account info with the approval of all these servers so no it won't.
maybe a minor regulation, otherwise bitcoin will become centralized if regulates by some parties.
but for now, bitcoin is still not used globally, some countries still banning bitcoin. We can see later if they can regulate bitcoin or not.
but for now, bitcoin is still not used globally, some countries still banning bitcoin. We can see later if they can regulate bitcoin or not.
The rules prescribed by a country, the rules governing the use of Bitcoin as a means of transactions that can be used other than the official currency held in that country, but for the value of Bitcoin there are no rules that can regulate it. because the value or price of Bitcoin is not affected by the regulations applied in a country, but the price of Bitcoin is influenced by several factors such as, Bitcoin is influenced by supply and demand in the market. So I think they can not control it and they can not arrange it. Even if that happens, people will make a way to get rid of this problem.
no, they will never be able to set the bitcoin. bitcoin uses the internet as a means of transaction therefore the government will not be able to fully regulate bicoin transactions. it may be that if the government still wants the bitcoin set up they must have a very sophisticated system.
This could be a long time process if the bitcoin or even a cryptocurrencies will be under the regulations of any countries or government or private sectors because until now this is the main issue of the cryptocurrencies it's characteristics of being decentralised. Any government was very mush sophisticated to get a profit in any matters that they are implementing legally and this is the difficult part of it in the market.
I hope it does. If this happens AML BitCoin will be the next bitcoin. AML BitCoin rests on a privately regulated public blockchain that facilitates AML-KYC compliance and identifies criminals associated with illicit transactions, while maintaining and sthrengthening the privacy protections for legitimate users. Governments will love this!!
According to me, Bitcoin cannot go under regulation because Bitcoin's nature is complete againts any kind of regulation. In bitcoin world, there is no bank or no company to be regulated.
no, they will never be able to set the bitcoin. bitcoin uses the internet as a means of transaction therefore the government will not be able to fully regulate bicoin transactions. it may be that if the government still wants the bitcoin set up they must have a very sophisticated system.
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 ?
Perhaps in some countries it will be possible to partially regulate bitcoin, but this is not so simple, or it is impossible. Bitcoin has a decentralized system and is not controlled by one body, so its full control is impossible in my opinion.
Bitcoin can not be regulated because no one is in control of it. Some governments imposed regulations on cryptocurrency exchanges to monitor and track people that may use bitcoin in their illegal transactions.
Some governments view bitcoin as a threat to them financially but other countries with advance economies see bitcoin as another source of tax.
Some governments view bitcoin as a threat to them financially but other countries with advance economies see bitcoin as another source of tax.
How can the government regulate bitcoin when no one can control it? It is a decentralized type of virtual currency so no central bank ever control or manipulate it except its price. What the government can regulate is the cryptocurrency exchanges and many governments are already preparing for its implementation after the G20 cryptocurrency meeting this July.
Bitcoin is built based on decentralized principles and if any government try to regulate or control bitcoin then the aim of and fundamental of bitcoin is gone and bitcoin would have been ruined.
Nearly everything else is regulated, I think that rules how to handle crypto currencies are necessary as well.
And regulating does not mean forbidding. To me regulations describe the place of an institution in an economy. They make it legal.
Being officially declared legal, I think that is a good thing for crypto currencies.
And regulating does not mean forbidding. To me regulations describe the place of an institution in an economy. They make it legal.
Being officially declared legal, I think that is a good thing for crypto currencies.
Yes, many govt think that Bitcoin or cryptocurrency is a threat to the country's financial system. Blockchain technology can not be regulated by government. If regulatory system can be applied, most of the countries will legalize Bitcoin or curyptocurrency.
If we said in one country it is possible to be regulated by the government but if we said in the whole world I think it can never be regulated at all because bitcoin is decentralized and it is really unstable. Many country is now regulating bitcoin because they might seen that it is really becoming more amazing and many people used it.
Some countries regulate it and some countries forbid it. It will be interesting to see the effects of regulation and forbidden of bitcoin.
Jump to: