Will bitcoin go under regulation - page 6.

#davidnugroho

newbie

Activity: 317

Merit: 0

Quote from: rosstiller on June 02, 2018, 06:04:23 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 ?

I think every country can change and manage the system including the internet and its network such as the example of catching criminals between countries that can be captured in another country from a collaboration including bitcoin can be arranged and currency in a local bank including cooperation between parties other.

martinholly167

sr. member

Activity: 658

Merit: 250

Quote from: rosstiller on June 02, 2018, 06:04:23 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 ?

i think we cant say it a regulation but as an adjustment so everyone on the people and government side can accept the crypto

Ridersss

newbie

Activity: 64

Merit: 0

Quote from: rosstiller on June 02, 2018, 06:04:23 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 ?

I think the government can't regulate bitcoin. because the digital currency can move very fast and big. so in my opinion it is very unlikely the government will regulate this.

Nizmalea

newbie

Activity: 33

Merit: 0

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

Tahsin Kabir Kollol

full member

Activity: 1610

Merit: 102

It is not possible that bitcoin will go under regulation. Because of the popularity of bitcoin government try to control cryptocurrency. At first, many countries banned bitcoin but they can not stop bitcoin because bitcoin has own transaction system. So now the government try to set bitcoin under regulation. But it is completely not possible. The government can set some rules and tax on bitcoin.

Jay51

newbie

Activity: 112

Merit: 0

Bitcoin and the other cryptocurrencies came into existence with their own style of operation which is somewhat different from fiat. As at now, several government are struggling to cope with bitcoin because it is volatile and decentralized.

Roboabhishek

hero member

Activity: 882

Merit: 528

Quote from: rosstiller on June 02, 2018, 06:04:23 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 ?

umm personally i dont think this will solve the problem permanently because cryptocurrency is the only currency in the world which develops itself with the developing technology and regulations put on them for trading . so it will take some time to bitcoin for developing itself according to the regulations which are put by the government but after some time again bitcoin will rise in the market as valuable as before.

Tatsuyashiba

jr. member

Activity: 147

Merit: 1

this is a very difficult thing to happen because the government itself is still difficult in legalizing crypto, because as we know the government still cannot take tax from BTC ownership or foreign transactions and so on. so we can only wait for the future what will happen

chidrawarster

full member

Activity: 406

Merit: 100

I feel btc has to go under regulation because of its vulnerability and also volatility. The more regulated it is the more chance of btc will be used as a virtual currency all over the globe. Presently kyc has become mandatory for coins purchase and all wherever ico are happening. We will see the power of btc in the coming days considering its liquidity as well.

illnino

full member

Activity: 756

Merit: 100

Quote from: ayodeji01 on September 15, 2018, 01:37:27 AM

Bitcoin will have to be regulated if it wants to gain more recognition in various countries because there is no government without rules and regulations for its economy, definitely if bitcoin wants to gain prominence it will be regulated.

If mining is regulated already in several countries, why cannot we admit that Bitcoin can go under certain regulations? Maybe it will not happen very soon only.

Futureglory

jr. member

Activity: 96

Merit: 2

🚀🚀 ATHERO.IO 🚀🚀

That is a very delicate question that is making a lot of government not to buy into the ideas of bitcoin. They will loose the control over the bitcoin as compared to national currencies and this might affect their economies but we all know that the crypto will create a conducive atmosphere for all. For now we can not tell but hope and see what time could tell.

Taronet-division

newbie

Activity: 154

Merit: 0

I am not sure in a country that will control it, because it is difficult to give taxes other than when we exchange them for fiat money. global rules also cannot. and also I think when you are taxed you don't report and pay for it

syntac

full member

Activity: 338

Merit: 100

indeed in other countries it limits the development of bitcoin, but the attitude and actions of the government in such a case can eliminate or prohibit the development of bitcoin, but it is not easy to overcome, because since the development of bitcoin, many people in the world feel the pattern of economic growth, of course if the government prohibits bitcoin, the community will do things that are not desirable, because in the sense of bitcoin is far better than the banking system in that country.

rajesharora002

newbie

Activity: 14

Merit: 0

it is not possibel that bitcoin go under regulation because bitcoin transfered wallet to wallet . it will possible if all contries deciced on a meeting to check on bitcoin . but it is not possible.

wingsthegreat21

jr. member

Activity: 87

Merit: 1

From my own perspective bitcoin decentralizes control of money and therefore it will require a lot less regulation. So the question is what is necessary in terms of regulation of bitcoin and I find it ironic that the regulators who failed to control the great market of cryptocurrencies and then failed again to control all the market are now so interested in regulating cryptocurrency. Other question is do we need to regulate bitcoin in order to wipen out these competition against the banks or should we be regulating the banks and forsay them to compulsory licensing to support bitcoin, and for the first time in history provide competitive disruption to the banking industry.

Harpawan

newbie

Activity: 252

Merit: 0

If someone can make a significant impact on bitcoin, then the place will be taken by another cryptocurrency, more decentralized and convenient, for example DASH or Mono. The nature of bitcoin is very contrary to the fact that it is regulated by someone.

Eleanorbro

newbie

Activity: 28

Merit: 1

Slow, steady, reassuring growth. Let’s hope it continues like this for a while. Makes a nice case that the bottom has already occurred.

horaceN

newbie

Activity: 26

Merit: 0

Governments find it difficult to regulate Bitcoin. Obviously, cryptocurrency has been an indispensable trend in the evolution of monetary as well as information science. Practices always go before the rules.

eut078

newbie

Activity: 17

Merit: 0

Bitcoin is solid since it is free from all control ,nobody can control it even government,but if bitcoin go under direction government will take charges from bitcoin client and that assessment will use in your nation creating work I think all things considered it is good.And other way on the off chance that it go under direction bitcoin benefit will be go low.

ayodeji01

newbie

Activity: 28

Merit: 0

Bitcoin will have to be regulated if it wants to gain more recognition in various countries because there is no government without rules and regulations for its economy, definitely if bitcoin wants to gain prominence it will be regulated.

Topic: Will bitcoin go under regulation - page 6. (Read 211123 times)