If the governments see bitcoin as a threat, then they will have no choice but to find a way to put it under regulations. However, bitcoin as we all know is decentralized and cannot be controlled or regulated by just one country. Besides, bitcoin is done using the Internet and no government controls the Internet or regulates its use.
Nevertheless, a government may still be able to regulate only the transactions made through exchanges. They may be able to tax the profits made by converting bitcoin to fiat currencies.
Topic: Will bitcoin go under regulation - page 53. (Read 211129 times)
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 ?
Some of them can ban bitcoin, as already was done in few countries, but I hope, that the governments will understand how positive Bitcoin can be for the economic state, and accept it widely.
bitcoin can not be set by anyone, is individual.I think when bitcoin will recognize all over the world then bitcoin go under the regulation of government.
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 ?
Some of them can ban bitcoin, as already was done in few countries, but I hope, that the governments will understand how positive Bitcoin can be for the economic state, and accept it widely.
I think if we want to have bitcoin as our mode of payment in day to day transaction the government should regulate bitcoin in order for us to be complacent in using bitcoin.
It maybe hard to admit but due problems related to money transfer and other investments involving scams a country may be affected. The flow of money through bitcoin from one area to another affects the economy of that country even if it just a small quantity while it is constantly happening. So I believe the governments are now looking at the possibility of regulating bitcoin.
If they see it as a threat then they should learn about it. If they think that it really is a threat then they should place regulations on the usage of Cryptocurrency and not only Bitcoin. If they place regulations about something they are knowledgeable about then they should not be worried about it because people will use it without abuse.
The only way to regulate Bitcoin is through exchanges and other mediums from where Bitcoin can be purchased. Directly trying to regulate Bitcoin won't be possible due to its decentralized nature. Some regulation would be good for the Bitcoin market as keeping it totally free of regulation will mean that scammers and hackers will have no fear of law.
yes, I agree with you and maybe this is the reason why the exchanges need their customer to apply the verification process and we need to send our documents for validation. I think the exchanges want to protect their customer too by doing this and they need to obey their government's regulations with the validation. but I might be wrong about this because I am not following about the government regulation and maybe we need to wait for the government to gives any statement about this.
The only way to regulate Bitcoin is through exchanges and other mediums from where Bitcoin can be purchased. Directly trying to regulate Bitcoin won't be possible due to its decentralized nature. Some regulation would be good for the Bitcoin market as keeping it totally free of regulation will mean that scammers and hackers will have no fear of law.
bitcoin can not be set by anyone, is individual.I think when bitcoin will recognize all over the world then bitcoin go under the regulation of government.
Some countries have started the regulations already but the real actualization may not be possible. The government are not doing this for the good of their citizens but for their selfish interest.
bitcoin can not be set by anyone, I think when bitcoin will recognize all over the world then bitcoin go under the regulation of government.
If you ask for my oppinion, I think for bitcoin to gain global accpetance a few regulations has to be implemented by different governments. The government have always seen bitcoins has a threat to the global financial system, so therefore they won't rest until they succeed in regulating it.
I agree with your opinion, as I've said before in the world of business you need to do something so that you can beat your competitors. Well Bitcoin will go under regulations since it is considered already as a business but for sure bitcoin can overcome it 😊 
I would also prefer that bitcoin be centralized and regulated globally by certain authorized institutions. A lot of problems arising from bitcoin transactions by irresponsible people, ranging from bitcoin used for criminal transactions and concerns will undermine the financial system of a country. If the bitcoin is set then no one will be arbitrarily using bitcoin for a bad deal. They will be more responsible in transacting. In addition, people who commit crimes will be more easily tracked and known. I'm very confident that someday bitcoin will be easy to set up. If the development team could create a great bitcoin then to make it as centralized coin would be easier.
unfortunately, it is still difficult to accomplish bitcoin has properties that are difficult to set, therefore the rule for bitcoin is still very far to be arranged. many countries are still resisting the use of bitcoin, and some even ban it, it adversely affects bitcoin values.
I would also prefer that bitcoin be centralized and regulated globally by certain authorized institutions. A lot of problems arising from bitcoin transactions by irresponsible people, ranging from bitcoin used for criminal transactions and concerns will undermine the financial system of a country. If the bitcoin is set then no one will be arbitrarily using bitcoin for a bad deal. They will be more responsible in transacting. In addition, people who commit crimes will be more easily tracked and known. I'm very confident that someday bitcoin will be easy to set up. If the development team could create a great bitcoin then to make it as centralized coin would be easier.
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 bitcoin is not a threat but instead it is very helpful to speed up the improvement of our economy most especially the taxes that we collected that can be used to creates project that may generate job to our fellow jobless people.
Well I don't think it's a question if btc will be regulated or not since it's essential that crypto be covered under rules to avoid negative effects from dragging it down. There's nothing wrong with a few regulations for crypto and I think it'll even take us forward given the right set of rules.
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 ?
By the way if bitcoin will be regulated it follows other coins like altcoin fuloos coin and LEDU COINS.. How about that?
If peoples who have bitcoins and cryptocurrencies accept the KYC then it will mean that governments will have won.
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 bitcoin is not a threat but instead it is very helpful to speed up the improvement of our economy most especially the taxes that we collected that can be used to creates project that may generate job to our fellow jobless people.
well it has already been regulated on a lot of countries all around the world, so i thinkt hat it would be normal to see it regulated on almost all the countries at the moment, but it will take some time
Yes, currently different countries have come with different regulations but it should be uniform in my opinion.
Just 10% difference in taxes can cause a big difference in returns especially for small investors. Some countries have got greedy and they want to exploit the craze of bitcoins among the people there. They are adding higher taxes to increase their own revenue.
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