Topic: Will bitcoin go under regulation - page 54. (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.
I feel it would be more comfortable if bitcoin stays like this, everything is done privately and does not involve any party including the government. because if bitcoins are under regulation, there are definitely strict rules, including rules on outward transactions. and also the taxes levied must be great.
For now, I say Government cannot be regulated Bitcoin. too hasty if the government set the bitcoin and would misstep if they did not know about bitcoin and blockchain. But some countries are also accept bitcoin but bitcoin honor those countries regulation.
Well..I don't think bitcoin will go under regulation by any government, its along process and there are many things to consider it, there are pros and cons of it, probably the reason why they wanted it to regulate is because they wated to somehow control itflow and get some profit out of it form those tax payer those people who profit form bitcoin..
governments might get some scope to force KYC, AML etc, but as Bitcoin is P2P - no one can force total regulation on it.
If it will be acceptable to all and be use as a mode of payment to different transactions, it is better that bitcoin will have regulation in order to maintain smooth process and also to maintain the safetiness of the money being paid or invested.
It what you have control over that you can decide how it works and bitcoin as a decentralized currency is not under the control of any one so at that the government will fine it almost impossible to regulate bitcoin due to bitcoin decentralized nature. Despite the fact that bitcoin pose a high threat to the financial system of any government the fact still remains that bitcoin offer the members of the public the total financial freedom which the government is no OK with.
If the encrypted community continues to develop, more people will enter the world. So the government's supervision over bitcoin is necessary. This is not just because bitcoin will threaten the financial system.
That is really possible to happen for a form of currency that has a used on everyday transaction on some countries. Yet, we all know that bitcoin is purely decentralized and does not have anything or any sectors of government ruled its system. So, regulation could facilitated on the wallet you might used to deal with the transaction you chosen to deal with for you to have more security in terms of investments and more support by businesses out the market to accept bitcoin.
The government doesn't consider Bitcoin as a threat to their economy. They're afraid that fraud, scams, and illegal activities will rise due to Bitcoin. So I think there is a likelihood that they'll get cryptocurrency banned instead of trying to regulating it. And that's what actually happens in my country.
Yes, many governments believe that bitkoyn or crypto currency is a threat to the financial system of the country.
There are other factors such as scams, money laundry and terrorism financing. Regulating cryptocurrency may have disadvantages but the advantages too can't be ignored. But the regulation should be carefully designed to avoid the market growth of these innovations. The regulation regulates in such a way that are needed to make it easier for people to trust bitcoin as a digital investment asset.
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 ?
big yes sooner or later, if the government cant stop it they will have no choice but to regulate it, and take some chunks out of it which what is happening right now! 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 ?
Im very optimistic that government will regulate the bitcoin soon at the moment authority concentrate in the ICO and exchange and undergo more study on how to regulate the bitcoin and cryptocurrency.
if you ask me? I don't feel that any administration can direct bitcoin alone, in light of the fact that they can't control Internet. Just some sort of direction on the world level is conceivable, however I question it will happen soon. Governments can control wage from bitcoin and cryptographic forms of money when you choose to trade your btc assets to the fiat cash. In the most nations, I trust, you will have ti report it and pay assess. some countries sees bitcoin as a capital gain and needs to be paid as tax,but the truth is lets see hw it goes
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
if viewed at this time only issue issues about bitcoin regulations, there is still no government determination to date, maybe they are difficult to do
It is possible for government to regulate bitcoins and all other cryptocurrency if it is convince it will be a threat to its fiscal and monetary policies.This regularisation will abolish many scam project and it will also prevent money laundering.
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 can be regulated. The decentralized nature of Bitcoin makes it a good medium of laundering money and some countries have agencies in place to oversee its regulation.
No chance because bitcoin was created in such a way that it was not regulated.
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