Will bitcoin go under regulation - page 63.

elkafee79

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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 It is a good ways to control bitcoin, but I think it is difficult. Bitcoin is blockchain technology.

MUSFIKAR

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Yes I do not think that any government can manage Bitcoin itself, because they can not control the Internet. Only a few rules on the world level are possible, but I doubt it will happen soon. The government can control the revenue from Bitcoin and the kriptocurancy currency at any time. You decide to exchange your Bitcoin funds with paper money. The government always sees Bitcoin as a threat to the global financial system, so that's why they will not stop until they manage it.

bitcoinVPSD

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Impossible. The government can not adjust the value of bitcoin. They can not change anything about bitcoin. But they can ban people in their country not from using bitcoin for payment. And this has a very bad influence on bitcoin

Direwolve735

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I believe that it is not necessary to hurry to regulate bitcoin without a full understanding of technologies in a more general way, in terms of their impact on innovation, competition and regulation. Given the experimental nature of blockchain technologiy, the application of which is still largely unknown, regulation should be carefully designed to avoid the future of these suppressions of these innovations.

careCentre

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Bitcoin can be under regulation, this can only be determined by a country. The regulation can be that, the use of bitcoin as a means of financial transactions that can be used in addition to the official currency held in the country, but for bitcoin value can't be under any regulation. This is because the value or bitcoin price is not affected by the regulation that is applied in a country, but the bitcoin price is influenced by several factors such as, bitcoin influenced by supply and demand in the market. If many people buy Bitcoin with a large amount of Bitcoin prices will soar up. Conversely, if many bitcoin users are selling Bitcoin then bitcoin prices may drop sharply and fast.

addeqt

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It could, and probably most of crypto will be watch over by the government. As of now there are several countries that start to draft regulations regarding the electronic payment system run by crypto. It seems to me that government is still resisting the change but they are not saying a big no to the technology. There could be a bunch of legal researchers that are currently debating those rules and policies. But if bitcoin could be controlled by the government I think Satoshi will not be proud of it.

jonloner011

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Based on this questions the answer is yes many govt. are concern about crypto currency because of this real currency is in thread based on this the govt. of many country banned BTC from their country after this people are using this so they wants to regulate btc because the number of crime happening based on crypto currency.

Dexion

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you are right, bitcoin is a threat for conventional financial systems. they are worried will be downtrend, lose popularity, and lose the competition, even the impact is the loss of consumers.

so they take the decision not to accept bitcoins, fight and even drop, but their actions are useless. bitcoin becomes uptrend and more popular.

the bitcoin system cannot be controlled, so bitcoin volatility will always be difficult to predict, but regulation can make bitcoin in a safe and stable condition.

9emb3lelit3

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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.

anaumar

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bitcoin is decentralized, which means that the government will not be able to manage it, because bitcoin is owned by individuals or self-owned and accounted for by themselves while the government can only regulate the regulations

mc.craigsvictor

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I dont think bitcoin regulated by any other regulatory commission and any government . Bitcoin never regulated but some country government try to legalise it .

panukurap

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DAEFROM.com

yes indeed, many countries whose governments see the crypto as a threat to the sovereignty of state finances, but if the government wants to implement a system to control crypto or bitcoin, the government must first legalize crypto in that country, so the government can implement a system to control the crypto.

yecats

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My thoughts in regulation is that this is eventually happening today, like Banks regulate bitcoin because it has the potential to shortcut transaction, they're just protecting us in Money Laundering that's why they need to regulate exchanges that is operating today . But Because bitcoin is design as decentralized system no middle man on it, this is going to be difficult for the government to look out transaction every single day.

Sab11

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io.ezystayz.com

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 ?

Absolutely yes government have a power to regulate bitcoin/cryptocurrency in there country if they see that cryptocurrency have a negative affect in thier economy, anytime they can apply rules to regulate it, actually the are many government regulate cryptocurrency in there country, but just dont mind the negative thoughs, lets just be positive.

samiraetn

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It will be hard to regulate Bitcoin. Bitcoin is a cryptocurrency based on decentralized system. No central authority can regulate and control it.

StuartJonson

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i think no government can regulate it because the system is totally based on internet and it is impossible to control it.

budismile

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Quote from: MrCrank on June 04, 2018, 12:31:43 AM

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 ?

No, my opinion that government can't control and regulate Bitcoin.
Because it is impossible. Government don't know how it make..

Thats right what do you say, the government is unlikely to be able to control and regulate Bitcoin, because Bitcoin has security with a decentralized System (where all the rights are governed by its users).
but if in my opinion, the government can record any data bitcoin users by requiring people to use bitcoin

MrCrank

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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 ?

No, my opinion that government can't control and regulate Bitcoin.
Because it is impossible. Government don't know how it make..

ngacengan

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yes you are right many governments from some countries are trying to make a bitcoin regulation and that seems to be good because it could trigger a rise in bitcoin price with regulation for cryptocurrency making bitcoin usable in general.

Stavr1992

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Sooner or later we will eventually come to the regulation of bitcoin all over the world. It remains only to not miss the opportunity and earn, while there are warriors.

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