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Topic: Will bitcoin go under regulation - page 58. (Read 211123 times)

legendary
Activity: 1414
Merit: 1001
June 08, 2018, 09:23:41 PM
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 should be possible. When the government seriously responds to issues surrounding cryptocurrency then the government can do so. bitcoin regulation is necessary because then Bitcoin and cryptocurrency can develop better. Besides that it will also make the market crypto stability. There will be no major manipulation that can affect the price, it's all because everything related to crypto has been regulated by a regulation that has been agreed upon by all.
newbie
Activity: 66
Merit: 0
June 08, 2018, 09:20:07 PM
If Bitcoin and its users accept KYC, they will not be able to have large numbers as they are now, the number will drop dramatically.
jr. member
Activity: 182
Merit: 1
June 08, 2018, 04:17:36 PM
I see trying to regulate bitcoin is more or less like trying to extract all the salt from the sea. This is will be something very difficult than a government can bear. Bitcoin might be posing threat to the various banks across the globe but per what I read sometime ago, bitcoin is strictly independent of the central bank and this will make regulating it very difficult. Again, for bitcoin regulation by government to be a success, I think the internet should be dead. In this 21st century, there is no way we can live without the internet, hence bitcoin regulation by government won't be possible.
member
Activity: 574
Merit: 10
June 08, 2018, 03:29:54 PM
Either there will be a regulation of the crypto currency. Or bitcoin will not become an official payment advice.
sr. member
Activity: 400
Merit: 250
June 08, 2018, 03:24:12 PM
if they try we are going to the moon actually guys. people love the thing which governments try to pressure against it.
sr. member
Activity: 665
Merit: 250
June 08, 2018, 02:52:41 PM
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 ?
may be completely regulated impossible only certain restrictions such as in my country bitcoin is forbidden to make transactions but the government still allows bitcoin to be in the very influential access may be bitcoin prices if there is regulation from the government
newbie
Activity: 49
Merit: 0
June 07, 2018, 08:38:28 AM
I think it would be better if this Bitcoin can be set by the government to be able to enter and expand in that country, rather than forbid this Bitcoin to be able to thrive in a country. Maybe it's good that Bitcoin works with all the Banks to get together to advance the financial economy in this world.
member
Activity: 238
Merit: 10
June 08, 2018, 02:42:22 PM
I think in the near future we will see the first achievements. But I would like to include the society in the discussion of bills on cryptographic currencies. Because first of all, the socio-economic impact of digital money should be considered, and then - technological or financial.
member
Activity: 308
Merit: 15
June 07, 2018, 08:37:50 AM
So far regulations will be done in that country where bitcoin is being accepted and being embrace. More likely the power to regulate bitcoin will depend upon the leaders or the government to accept and regulate bitcoin or other crypto and at the same time regulate cryptocurrency through giving a license exchange that could operate in the local or within that country.
full member
Activity: 210
Merit: 100
June 08, 2018, 02:29:20 PM
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 government for now can not regulate the world of bitcoin and cryptocurrency. Because bitcoin itself is not or created by the government, but in the future it could be the government set about bitcoin.
newbie
Activity: 64
Merit: 0
June 08, 2018, 05:37:25 AM
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.
hero member
Activity: 700
Merit: 500
June 07, 2018, 06:30:32 PM
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 ?
If the government accepts bitcoin and they come up with legal frameworks to manage bitcoins as well as other currencies to make bitcoins more stable then I think bitcoin should follow that governmental and legal regulations. the law
Government can only legalize and regularize bitcoin, but it does not mean that they can control and centralize it, bitcoin is a decentralize currency and will remain as decentralize forever and will never lost its originality. Bitcoin is going to be use throughout the world as single currency having the same value everywhere.
hero member
Activity: 1302
Merit: 540
June 07, 2018, 09:09:04 AM
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 ?

So far no tone country fully regulated Bitcoin, the resistance is great, and people should continue to resist this, Bitcoin is meant to be decentralized with no government intervention whatsoever if they succeed then the true nature of cryptocurrency will be lost.
Bitcoin users and supporters should stand out to this position, its needed to continue being decentralized and not being control by any government, though we can deny the fact that the law will try its best to have regulations but in the sense of being totally decentralized should still be kept as it is the true intentions of this project, being used by most people without any interfere coming from financial institutions.
newbie
Activity: 73
Merit: 0
June 07, 2018, 09:08:34 AM
I do not think bitcoin can be governed by the government. because bitcoin is the digital currency and the world of bitcoin cryptocurrency is quite famous, and until now no one can set the bitcoin. if until the government can control the bitcoin it is a threat they can arbitrarily set and will certainly be a lot of contrary to those who believe in bitcoin. that's not very good
hero member
Activity: 2716
Merit: 698
Dimon69
June 07, 2018, 08:59:41 AM
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 is true that the government and the state financial institutions are afraid of it at least they regulate or monitor bitcoin
well agree on it that is why even that government know about the bitcoin they cant actually make some move to regulated it cause they know the consequences and the negative feedback for them if they let this happen.
newbie
Activity: 115
Merit: 0
June 07, 2018, 08:55:09 AM
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 and this is the best thing that government should do is to regulate bitcoin and this may help big to many people protect their bitcoin investment and to minimize fluctuation made by some bad investors.
member
Activity: 210
Merit: 10
June 07, 2018, 08:50:29 AM
Everything are possible to happen in bitcoin including but not limited on the possibilities of being regulated and be centralize. Remember national currency was once started as a not controlled currency circulated in the market. Since, bitcoin is still young in this generation there are a lot possibilities that may happen to bitcoin for improvement and development.
newbie
Activity: 98
Merit: 0
June 07, 2018, 08:20:24 AM
I believe that the government can regulate the cryptocurrency. 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
newbie
Activity: 196
Merit: 0
June 07, 2018, 06:54:22 AM
I think initially bitcoin was created in such a way that it was not regulated. The market should regulate its price and all
newbie
Activity: 154
Merit: 0
June 07, 2018, 08:11:12 AM
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 is really an excellent idea is to regulate bitcoin so the government get involved that can really help us to solved any problem that we maybe we encounter in our investment.
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