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Topic: Will bitcoin go under regulation - page 65. (Read 211129 times)

newbie
Activity: 160
Merit: 0
June 03, 2018, 05:52:45 PM
#67
Regulation to every crypto currency is a good thing that the government will do. Because it will help the society to understand freely what crypto currency is and how far the advantage of it compare to fiat. This wil make fast growth of crypto community and can replace fiat.
full member
Activity: 392
Merit: 100
June 03, 2018, 04:51:37 PM
#66
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 ?
all that sometimes takes the process, if the government wants to go the bitcoin is good, so bitcoin can be legal. the problem also really does not come for granted, but there is always a cause first, so we must respect the opinion of the government who wants to set the bitcoin
newbie
Activity: 126
Merit: 0
June 03, 2018, 04:35:09 PM
#65
If peoples who have bitcoins and cryptocurrencies accept the KYC then it will mean that governments will have won.

I was thinking the same too, more like they will monitor you possible income buy just calculating how much token you buy and camculating possible income in the near future, since you have information they can track you now if you don't pay your tax... Scary..
full member
Activity: 448
Merit: 100
June 03, 2018, 04:12:36 PM
#64
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 many governments think Bitcoin transactions in their country as a financial threat. Because no one controls Bitcoin, economists believe that it can cause economic problems in a country. If Bitcoin wants to get acceptance across the world, then Bitcoin will have to go under the rule.
full member
Activity: 1610
Merit: 103
The OGz Club
June 03, 2018, 03:58:27 PM
#63
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 feel that the bitcoin can not be regulated by anyone except the founder and the person concerned. because as far as I know bitcoin that many users and many also grab it, so one of them would want to set the bitcoin but it was difficult
legendary
Activity: 1596
Merit: 1034
June 03, 2018, 03:56:05 PM
#62
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 rule is necessary to lift and fix the reputation of bitcoin in the eyes of the people. However, the regulation made not to regulate the bitcoin price in the market is sufficient. The regulation regulates the things that are needed to make it easier for people to trust bitcoin as a digital investment asset.
newbie
Activity: 303
Merit: 0
June 03, 2018, 03:44:49 PM
#61
Yes bitcoin needs to regularise to make cryptocurrency world healthy. This regularisation will abolish many scam project and it will also prevent money laundering.
member
Activity: 294
Merit: 10
www.daxico.com
June 03, 2018, 02:58:50 PM
#60
It is possible for government to regulate bitcoins and all other cryptocurrency if it is convince it will be a threat to its fiscal and monetary policies. It will be very easy for government to do that. Chasing exchanges out of business and even banning or crypto related website in its jurisdiction can force people to accept regulations from government.
newbie
Activity: 168
Merit: 0
June 03, 2018, 02:44:38 PM
#59
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.
newbie
Activity: 266
Merit: 0
June 03, 2018, 02:39:55 PM
#58
I do not think any government can manage bitcoin, because the way bitcoin works with the internet and runs in a blockchain network. blockhcain technology can not be governed by the government because blockchain is decentralized. so what the government can do is to legalize the bitcoin / cryptocurrency in the country.
hero member
Activity: 756
Merit: 510
Dear me, I think I'm becoming a god
June 03, 2018, 02:31:37 PM
#57
It's essentially impossible and useless to regulate bitcoin, the thing is that its near impossible for the government to track transactions therefore they wont know who has bitcoin and who deosn't.With the current decentralized system that we have, it cannot be done.
newbie
Activity: 196
Merit: 0
June 03, 2018, 02:30:49 PM
#56
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'm not sure how they would regulate bitcoin, all I can think of is that the transfer between bitcoin and fiat will be regulated, which is already taking place and is fine with me.
newbie
Activity: 82
Merit: 0
June 03, 2018, 02:23:25 PM
#55
I think there is no rule that can set the bitcoin
legendary
Activity: 1274
Merit: 1004
June 03, 2018, 02:12:36 PM
#54
of course not. The point is not about can they regulate this technology or not but the real deal is that is they are worth to do business anymore because everyone's point of view has changed and now they really have a second or third option at everything even at payment.It clearly shows they have to change there way of thinking instead of trying to make the competitor bad. Competition is like giving a better stuff than your competitor at a better situation.
jr. member
Activity: 518
Merit: 1
June 03, 2018, 02:09:01 PM
#53
It is difficult to predict how regulations will affect the crypto market. There is a need for some sort of regulation, but this can not suffocate and bring difficult rules to be fulfilled in order not to end this innovative market
newbie
Activity: 224
Merit: 0
June 03, 2018, 01:56:49 PM
#52
The future can be changed and future of bitcoin too. I don't think that governments will control them. Crypto currency can become  an alternative to real money but they need to save their principles
newbie
Activity: 91
Merit: 0
June 03, 2018, 10:00:12 AM
#51
they cannot regulate bitcoin even if it s a threat in their finance in their country rather they can make laws that insinuate that bitcoins are illegal to transact or use in their country
full member
Activity: 406
Merit: 100
June 03, 2018, 09:52:16 AM
#50
If the btc goes through the kYC procedures only then it can be regulated and can then gel with the government procedures. But i still see some ray of hope that in the future btc will be regulated which in turn can increase the countries economies and then also provide more usage of btc as well globally.I myself want btc to be regulated so that we can trade safely without any hassles in the mind.
newbie
Activity: 31
Merit: 0
June 03, 2018, 09:45:58 AM
#49
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 ?

Seeing the popularity and uprise of bitcoin, it’s a natural response for the government to consider implementing regulations. Some countries have already done so. But with the technology behind bitcoin, there are limits to what they can regulate. There is still some degree of freedom for the crypto world unless the government totally declares it against the law.
copper member
Activity: 2940
Merit: 4101
Top Crypto Casino
June 03, 2018, 09:44:17 AM
#48
Seeing how is the crypto industry currently I don't think there is a need to regulate the market. Perhaps once cryptos become mainstream then "maybe" it will be needed. What we need to consider is that basically cryptocurrencies are created to avoid banks, govt., regulations, etc.
 So I would say it goes against the crypto ideology
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