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 ?
In my opinion, the governement will be able to regulate bitcoin if it will own a sufficient of bitcoins. I think that this is possible only in theory. The government will be able to influence only through the media 
Topic: Will bitcoin go under regulation - page 56. (Read 211130 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?
First of all the local government should have advanced computer technology to be able to regulate bitcoin usage and operations in their country. Common computer technoligy wouldn't be enough to control bitcoin usage or even track bitcoin transactions. And lastly, the local government should not meddle with a certain user's investment. Unless it is presided by law for a certain subjugation operation. 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 ?
In my opinion nobody can manage bitcoin even though the government, 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.
The government issued bans on Bitcoin trading. Bankers are prohibited from paying or dealing with Bitcoin. You can not ban people from participating. It will be very difficult for the government to put Bitcoin into their regulations.
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 ?
There is a possibility that a local government could regulate bitcoin usage in their country. But it has to be technologically advanced in order to catch up with bitcoin's high technological function. Because with the common household technology available nowadays, it would be utterly impossible to keep track of transactions and processes regarding bitcoin. 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 ?
This sounds good and i think it will become successful considering that there are so many countries are willing to support regulation of crypto this is very to investors too and so that cryptocurrency will not abuse by some investors.
There are already some regulations.
BTC and cryptocurrency will be supervised by the government in the future!
Because many criminals use BTC and cryptocurrency to commit crimes! The government monitors the cryptocurrency for public safety needs!
Because many criminals use BTC and cryptocurrency to commit crimes! The government monitors the cryptocurrency for public safety needs!
yes.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.However,to make the bitcoin regulated and legalized the government will create a much higher taxes into any transactions using bitcoins.
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 i really believe that bitcoin can be regulated but it takes enough time for the government to review its impact to our economy and which i think is very useful once it implemented as it may help control the movement of cryptocurrency in the market.
I'm not sure but I think there are already some regulations regarding Bitcoin in certain countrys.
Guess, it may happen, but I’m not sure. I also don’t think that it’s possible to fully regulate btc. At the same time some kind of bitcoins regulation on general level is very possible.
Anyway, it won’t happen any time soon, at least according to my suggestion.
Anyway, it won’t happen any time soon, at least according to my suggestion.
someday, all countries will issue a regulation to regulate the digital currency and give legality to all users, so that crypto will be one of economic support in all countries. because the presence of crypto can not be avoided and must be faced.
Yes, 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.
This is really good for the government to regulate the use of bitcoin and other cryptocurrency in the country because it can really help raise fund for government project thay may beneficial to all people in the country.
Bitcoin is already regulated in countries where you can have and use bitcoins. At least, exchanges will have to follow KYC and AML procedures. They have more opportunities than the people. 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 ... Wink
In several countries, it has been regulated for better and faster services.Regulations aim at supporting btc to grow legally, so in the future, there will be a global regulations for btc and other coins that are acceptable globally.
Some countries consider increasing Bitcoin capital, and therefore you will need to report to the taxpayers whether you converted it into fiat or not.
If you have KYC on it then there are many people who do not want to participate in this
If you have KYC on it then there are many people who do not want to participate in this
Bitcoin is already regulated in countries where you can have and use bitcoins. At least, exchanges will have to follow KYC and AML procedures. They have more opportunities than the people. 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 ... Wink
Some countries like Korea haven't been open to Bitcoin. They don't consider Bitcoin to comprise legitimate currency. As a result, they're not going to regulate Bitcoin.
I think the real reason the government want to get Bitcoin regulated is the money earning from Bitcoin hasn't been taxed yet. So in the country open to cryptocurrency, the government is supposed to lay legal grounds for Bitcoin and other coins soon.
Predictably, bitcoin will surely receive supervision, and a moderate regulation is conducive to the development of encrypted communities, which can make the environment of the community more healthy.
Jump to: