According to some sources I read, the Commodity Futures Trading Supervisory Agency will soon release a rule regarding bitcoin trading as a commodity. Bitcoin can be traded like a gold trade.
crypto currency needs to be regulated to provide protection to consumers. When a consumer fraud happens to report it to a regulatory agency.
In terms of taxes, this arrangement will also make it more transparent. Most importantly, bitcoin monitoring can prevent money laundering in a country.
Source: kontan.co.id
Topic: Will bitcoin go under regulation - page 55. (Read 211129 times)
I think this is a lie. This is where the government defrauded investors. Win time for them to issue their own currency. I don't think Bitcoin can be supervised by any country.
it is possible for some countries to apply regulation for bitcoin, but it may be very difficult if all countries under regulation for bitcoin. see the technological development of each country is different and also many people who do not know bitcoin.
Nope it cant be because bitcoin is decentralized, it cannot be controlled or manipulated by government. Anything that cant be controlled by government cant be regulated. Thats why bitcoin is not a legit currency, because it cant control by government. For bitcoin to be regulated, it needs to be centralized first, but thats not going to happen because bitcoin meaning will be gone if that thing happen, bitcoin will have a constant value and it will die for sure.
In order for the cryptocurrencies to succeed they need to be regulated. Governments will see the benefits of aml bitcoin and it will be part of the economies.
Maybe government will not regulate bitcoin for payment but i am believe that government will issuing regulation about crypto trading. But the main advantage of bitcoin is still decentralization, and if this is so, then the world will change to a better side for us. It's hard to believe, but ...
it is possible for some countries to apply regulation for bitcoin, but it may be very difficult if all countries under regulation for bitcoin. see the technological development of each country is different and also many people who do not know bitcoin.
I do not think so ! Bitcoin will not follow any rules.
It will go up and down according to the psychology of the Shark players, and this game is Shark.
It will go up and down according to the psychology of the Shark players, and this game is Shark.
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 ?
Any foreign entity that enters into the market without any regulation are considered threats to the government. Despite bitcoin's positive impact into the environment and in to the society both financially and socially, the government still views it as a bane rather than a boon. The question whether they can regulate it or not is irrelevant as it is inevitable for cryptocurrencies to be regulated once all countries accept its status as a currency. But if some developed countries still view it as a threat then expect bitcoin to fall in the following years depending on the scale of damage caused.
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.
I disagree so. The government has the power to regulate anything that enters into its country. The power of the legislature to impose tax can be considered but I think that they also are benefitting from the process of accepting its impact in the society.
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.The market should regulate its price and all
If peoples who have bitcoins and cryptocurrencies accept the KYC then it will mean that governments will have won.
It's correct. If the projects require a KYC participant, the government can control the information of all investors. But I think this will be a safe solution for us not to encounter scam projects
I do not think the government is afraid of bitcoin. In fact, they just want to control the cryptocurrency market, like everything else in this world.
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 do not think the government is afraid of bitcoin threatening financial problems. They only fear that bitcoin will be used by terrorist organizations or corrupt officials for the purpose of money laundering or buy and sell weapons
Personally, I strongly doubt that the government will be able to fully regulate and manage crypto-currencies and digital technologies that are based on technologies similar to blockchain. Most likely, governments will try to play the role of an intermediary between investor investments and the possibility of cashing out such revenues.
It can't be in under regulation. you should learn more about bitcoin or blockchain. Its DECENTRALIZED system.
Well Bitcoin is a good coin with a wide range of investors and an impressive product that i dont think will cease to be of use in the crypto market, even if its regulated, i dont think if it will go under, ts profit margins might reduce and investors might shy away from it But it will continue to exist
some regulations will be okay, like KYC and AML - but only with a very limited Government access.
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 ?
The reason for regulation of bitcoin is due to financial concept.If the people get more income by doing trading.They will use the entire money for their use and don't pay tax for the profit.If they pay tax for that profit,government will get double of tax from bitcoin traders.It will help to improve the government economy.
Yes I agree with you but it is a long process I guess inable to bitcoin to accepted by some countries, bitcoin is a community who helps each other to survive, If somebody regulates it and put some tax to it, the community will not be happy.
Bitcoin can not regulate the government in any way, because the government does not have the power to control the Internet. If bitcoin goes to the government's perception, they will also tax Bitcoin.
Bitcoin itself can not be controlled or regulated. governments can only regulate exchanges on which we are trading bitcoin and other thousands of crypto currencies
The market should regulate its price and all the aspects of bitcoin. But 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 prohibits 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.
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