Topic: Will bitcoin go under regulation - page 67. (Read 211123 times)
I think that it would be good if bitcoin is regulated properly, then many governments all around the world can't oppose it. They think it is a threat to their financial system.
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 this thing can not be achieved entirely. Many investors will oppose regulation and ultimately they will find a way to escape them.
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 ?
One way or another, they're gonna have to. I believe the government is very wary or even afraid of something that they cannot control. Besides, they have to regulate bitcoin in order to fully utilize its benefits. I believe cryptocurrency is part of the Digital Transformation of Businesses.
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 will regulate bitcoin, then who is the person to be accounted on this one? noone know Satoshi Nakamoto right?
he is unknown person then who will be assigned for the regulation?
this why some governement banning bitcoin because they have no control on it.
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 they can do anything as long as they want to. But in general, if this happens, the whole meaning of the crypto currencies will be lost.
Bitcoin can nort be regulated by anyone because it is internet based .
The government can not really regulate bitcoin, the government can only impose some restrictions and set tax rates.
Bitcoin is not an object, bitcoin also has no institution. Bitcoin is only part of the internet network that is too valuable to miss.
Bitcoin is not an object, bitcoin also has no institution. Bitcoin is only part of the internet network that is too valuable to miss.
If you ask for my oppinion, I think for bitcoin to gain global accpetance a few regulations has to be implemented by different governments. The government have always seen bitcoins has a threat to the global financial system, so therefore they won't rest until they succeed in regulating it.
For today in my opinion bitcoin will negatively go under regulation for now because aside from being not legally adopted around the globe cryptocurrencies are also under negotiable for being implemented in many countries. But for me it is better that the crypto or bitcoin should remain for this situation for now, let's enjoy the freedom from taxes.
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.
I don't know exactly, but as bitcoin decentralized online digital currency, bitcoin makes transactions anonymously, then there has no chance to add bitcoin under regulation. This is just my observation. We will see in future
Governments can regulate exchanges
This will make a harder barrier to entry for Bitcoin. The governments can regulate exchanges where people would go to actually go to buy their Bitcoin. In this sense, regulation likely would yield positive results in the long term. It legitimizes Bitcoin as an asset, and is welcoming to institutional investors.
I agree the government cannot regulate it straight, but it can regulate those who want to use it. I see this regulation in the to happen more strict and in the future. Making bitcoin one of the traditional assets.
In my opinion...
It is quite impossible to regulation. You know there are no central bank who maintain bitcoin. It is a world wide system. There are many secure process on bitcoin. We can called bitcoin, a secret coin. I don't think it so, that it is possible to regulation bitcoin.
It is quite impossible to regulation. You know there are no central bank who maintain bitcoin. It is a world wide system. There are many secure process on bitcoin. We can called bitcoin, a secret coin. I don't think it so, that it is possible to regulation 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 ?
I am not sure, Because I think Bitcoin cannot be regulated by government or banks. It is my opinion.
Bitcoin can be under regulation determined by a country, a regulation that regulates the use of bitcoin as a means of transactions that can be used in addition to the official currency held in the country, but for bitcoin value no regulation can regulate it.
because the value or bitcoin price is not affected by the regulation that is applied in a country, but bitcoin price is influenced by several factors such as, bitcoin influenced by supply and demand in market. If many people buy Bitcoin with a large amount of Bitcoin prices will soar up. Conversely, if many bitcoiners are selling Bitcoin then bitcoin prices may drop sharply.
because the value or bitcoin price is not affected by the regulation that is applied in a country, but bitcoin price is influenced by several factors such as, bitcoin influenced by supply and demand in market. If many people buy Bitcoin with a large amount of Bitcoin prices will soar up. Conversely, if many bitcoiners are selling Bitcoin then bitcoin prices may drop sharply.
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 ?
A lot of people ask this question.
Bitcoin itself, cannot be regulated
What I mean by that is the government could not regulate Bitcoin on the base layer. Users will have the freedom to send it wherever without worrying about the transaction being blocked. You could get a Bitcoin wallet without needing to submit identification. You could still do p2p Bitcoin trades or in person Bitcoin trades.
Governments can regulate exchanges
This will make a harder barrier to entry for Bitcoin. The governments can regulate exchanges where people would go to actually go to buy their Bitcoin. In this sense, regulation likely would yield positive results in the long term. It legitimizes Bitcoin as an asset, and is welcoming to institutional investors.
Bitcoin is already regulated, that is correct. Governments can do a bit more then just regulating exchanges, they can regulate many things. It will be interesting to see the outcome of that, there are many countries in this world, every country will do something, what will they do will be a surprise for everyone.
I don`t care about that, as you said, users will be free to send it, to use wallets without ID, there will always be a way for us to access free internet and to use bitcoins freely like we do now, what ever governments do.
of course the government can set cryptocurrency or bitcoin. I think this should be set.
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. Government authorities will regulate bitcoin. In a recently published article by a IMF deputy director; Mr. Dong He, there is a recommendation to regulate cryptocurrency in order to prevent regulatory arbitrage and unfair competitive advantage. I think governments will follow this recommendation and regulate bitcoin.
Actually there is no way to regulate bitcoin blockchain, what governments can regulate is the places where cryptocurrency are exchanged into fiat currency. i.e. Fiat/crypto exchanges
A good input about the Regulation from IMF, Yes, the main goal of Regulation on Bitcoin digital transaction is on the place or country having such exchange about the Bitcoin transaction. We can not control the government on regulation about Bitcoin transaction, yes, it is Decentralized, but still Bitcoin transaction go thru the financial institution were the exchange is conducted by Bitcoin user. It may imposed taxes as posted in other related news item in India.
I don't think that any government can regulate bitcoin alone, because they can't control Internet.
Only some kind of regulation on the world level is possible, but I doubt it will happen soon.
Governments can control income from bitcoin and crypto currencies when you decide to exchange your btc funds to the fiat money.
In the most countries, I believe, you will have ti report it and pay tax.
Just a regulation when converting your Bitcoin/crypto into fiat currencies. Which already exists. Bitcoin can't be directly regulated, but they can make it extremely difficult to convert it into other assets such as property, and other things. Only some kind of regulation on the world level is possible, but I doubt it will happen soon.
Governments can control income from bitcoin and crypto currencies when you decide to exchange your btc funds to the fiat money.
In the most countries, I believe, you will have ti report it and pay tax.
Some countries consider Bitcoin capital gain, and therefore you would need to report it to the tax man regardless if you've converted it to fiat or not.
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. Government authorities will regulate bitcoin. In a recently published article by a IMF deputy director; Mr. Dong He, there is a recommendation to regulate cryptocurrency in order to prevent regulatory arbitrage and unfair competitive advantage. I think governments will follow this recommendation and regulate bitcoin.
Actually there is no way to regulate bitcoin blockchain, what governments can regulate is the places where cryptocurrency are exchanged into fiat currency. i.e. Fiat/crypto exchanges
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