First, you can't regulate something like bitcoin, not the protocol, not the blockchain network (and all the full nodes running the software) that is already running, not even the miners.
What they can regulate are the fiat on ramps, namely the exchanges. What they can also regulate are securities or derivatives, such as the futures and ETFs. Some are cash settled, so don't directly affect the price, others are physically settled meaning someone moves bitcoins on the actual blockchain, or at least there is a custodial service that holds it for you, like the Bakkt warehouse.
That's good in the sense that institutional investors are waiting for this kind of thing. They don't really want to learn how to hold and operate wallets or even understand how the tech works. That's for coders and developers to figure out.
Topic: Will it be good for bitcoin if it will be regulated by the Goverment's - page 3. (Read 769 times)
September 28, 2019, 03:03:18 PM
September 28, 2019, 02:39:13 PM
I am voting for Bitcoin trading regulation.Bitcoin is already asset class some institutions like pension funds are investing in bitcoin.All of them are suffer from traders dirty trading tricks . But is has to be like worldwide effort because most of that dumps and pumps begin on offshore margin trading exchanges
In a case of other regulation they have to be done wise to kill or disturb industry
I can imagine that crypto currencies are something new but something has to be done
I have been reading that now because of Libra Central Banks want to develop his own digital currencies .I think that time we will have also bitcoin regulation.Most of regulation what will be done now will only hurt our privacy and make our crypto life more difficult
In a case of other regulation they have to be done wise to kill or disturb industry
I can imagine that crypto currencies are something new but something has to be done
I have been reading that now because of Libra Central Banks want to develop his own digital currencies .I think that time we will have also bitcoin regulation.Most of regulation what will be done now will only hurt our privacy and make our crypto life more difficult
September 28, 2019, 02:26:46 PM
Government regulation generally leads to improvements in technologies. Reason is that despite it might seem unfortunate in the beginning, with regulation we have safer playing field for everyone at the end of the day got. Which is what really matters.
September 28, 2019, 02:16:28 PM
I guess one of the reason why satoshi created crypto is for people to have their power over currency setting aside regulation by government thru anonimity. That is what people enjoy in crypto now. However, the downside is that cryptocurrency's decentralization and anonimity is being abused by scammer, illegal activities fraud and etc. So, it is either we let government regulate crypto and sacrifice being anonymous to avoid such illegal activities, or let crypto be a gateway for illegal activities or fraudelent acts.
September 28, 2019, 02:04:51 PM
We must think about what is bound to happen if there is no regulations by the governments of the world doesn't get its way, I am certain that even Bitcoins cannot survive if multiple countries like the USA decided to ban it completely, we have to settle for it to be regulated because the consequences would be dire.
Government wants to regulate the bitcoins / crypto only to have some control over it. They want to take taxes on crypto and this will only be possible if they regulate it. However i do not see how can government will be able to control this digital currency.
September 28, 2019, 01:42:42 PM
Most of the governments don't like Bitcoin as they can't manipulate it like fiat money. They want to apply some regulations but unfortunately the conditions can be very harsh. If they balance the conditions of regulations, I think it can be better for people.
September 28, 2019, 12:18:21 PM
We must think about what is bound to happen if there is no regulations by the governments of the world doesn't get its way, I am certain that even Bitcoins cannot survive if multiple countries like the USA decided to ban it completely, we have to settle for it to be regulated because the consequences would be dire.
Government wants to regulate the bitcoins / crypto only to have some control over it. They want to take taxes on crypto and this will only be possible if they regulate it. However i do not see how can government will be able to control this digital currency.
September 28, 2019, 12:31:38 PM
It will be good for the government to regulate bitcoin.They will gain tax from it. It's not good for us, as a bitcoin user. They will know every transaction weve made. And lastly I think it's bad for bitcoin, because we use bitcoin to transact anonymously.
September 28, 2019, 12:14:41 PM
Regulation of Bitcoin exchanges can reduce some volatility, since it would be harder to manipulate the market unpunished, but overall it won't reduce it much - there's a ton of well-regulated markets that are just as volatile as Bitcoin, or even more.
Some people also think that regulations will hurt Bitcoin, which in some cases can be true, but Bitcoin is meant to be resilient to any outside pressure, people will always be able to bypass regulations if they want to, so it shouldn't be too big of a problem even if it will happen.
Some people also think that regulations will hurt Bitcoin, which in some cases can be true, but Bitcoin is meant to be resilient to any outside pressure, people will always be able to bypass regulations if they want to, so it shouldn't be too big of a problem even if it will happen.
September 28, 2019, 12:07:41 PM
From an investor's prospective this seems like a safe option to have government regulate bitcoin and monitor it, but from a cryptocurrency prospective this seems like a bad idea, the whole concept that bitcoin and crypto was build on is to escape from the governments and the bank's control which have been controlling every aspect of the financial life , they control how much you have when you can spend it and how you spend it, but with bitcoin that is not the case, besides controlling and regulating the bitcoin transactions is impossible or requires a lot of resources, so that is why governments are still very spectacle about banning or accepting it.
September 28, 2019, 11:57:39 AM
Regulation can also do good, that's the purpose of it. To prevent unnecessary things but at some point, they can abuse its power. The government has the power to control and regulate things, but not bitcoin. Bitcoin is decentralized so they can't control over it, what they can do is to control the users. It's more likely setting limitations and rules to the users about/for using bitcoin. And as a citizen of that country, we have no choice but to abide the law.
I think it's much better than banning bitcoin.
I think it's much better than banning bitcoin.
September 28, 2019, 11:09:51 AM
I see more and more fear of many countries about the crypto market and Bitcoin. Look how much the desire to regulate and control this sphere is growing. I am afraid that if governments will defeat by regulated it so hard the crypto community will be too hard to exist
So far we are so good with the current move. I dont think we may require a government or any other body to take over Bitcoin and implement rules to use it. I dont feel if there will a requirement to take over so.
September 28, 2019, 11:08:18 AM
Regulations will have a positive impact in the investor since they feel that they are safe
when its regulated , there will be manipulations that will happen, where in you bought bitcoin in as higher price
and see it after a few hours go down imagine what it gives to the investors heart , they will be devastated
when they have found out that they don't have the money anymore,
for example i have a friend who put all he's retirement's money on bitcoin during the all time high
believing the news that it will reach up to $50k only to find out and woke up that the market collapse
also some of my friends bought a miner then the next day they can't make any profit and the price of the miner
is so expensive, but at the end of the day everything is risky so always think and plan everything before making a
move that will change you life forever
what do you think will the regulation bring forth to us?
I marked the things I'd like to address in bold. Okay, the first fragment is something I really don't understand. You're saying that regulations make investors feel safe, but then you're saying that there will be manipulations (pump-and-dump kind of stuff). So how will these 'manipulations' make people safe, why are they going to happen and how it this different from the volatility we already have? If the idea was to say that there wouldn't be any manipulations, then it's also incorrect, because the regulations cannot make Bitcoin fiat-like anyway. As for the second and the third point, these are just unfortunate stories of people who did not do their research and risked too much. Such cases also don't have much to do with regulations.when its regulated , there will be manipulations that will happen, where in you bought bitcoin in as higher price
and see it after a few hours go down imagine what it gives to the investors heart , they will be devastated
when they have found out that they don't have the money anymore,
for example i have a friend who put all he's retirement's money on bitcoin during the all time high
believing the news that it will reach up to $50k only to find out and woke up that the market collapse
also some of my friends bought a miner then the next day they can't make any profit and the price of the miner
is so expensive, but at the end of the day everything is risky so always think and plan everything before making a
move that will change you life forever
what do you think will the regulation bring forth to us?
Regulations won't stabilize the market, they will make it harder to do business with Bitcoin and might impose serious taxes, but they also can help to fight financial crimes and cybercrimes.
September 28, 2019, 10:45:46 AM
I see more and more fear of many countries about the crypto market and Bitcoin. Look how much the desire to regulate and control this sphere is growing. I am afraid that if governments will defeat by regulated it so hard the crypto community will be too hard to exist
September 28, 2019, 10:29:52 AM
We must think about what is bound to happen if there is no regulations by the governments of the world doesn't get its way, I am certain that even Bitcoins cannot survive if multiple countries like the USA decided to ban it completely, we have to settle for it to be regulated because the consequences would be dire.
September 28, 2019, 10:09:21 AM
the first thing the government will do is set a tax on bitcoin
in my country, a bitcoin-fiat exchange pays about 250 usd in taxes every day
and maybe there will be manipulation too
and can bitcoin still be called decentralized when governed by the government?
in my country, a bitcoin-fiat exchange pays about 250 usd in taxes every day
and maybe there will be manipulation too
and can bitcoin still be called decentralized when governed by the government?
September 28, 2019, 09:29:14 AM
there will be manipulations that will happen,
Surely there is ,and it will be troublesome for us.Taking manipulation isnt as easy as you think and not helpful as you think,this may cost chaos in the crypto world.Prices could crash bigtime.Regulations will have a positive impact in the investor since they feel that they are safe
when its regulated
All sort of things thats happening all have positive and negative consequences,we give up the bitcoin feature we all admire the decentralization in exchange of trust of very few big investors that will come in if the regulation will happen. when its regulated
September 28, 2019, 09:21:50 AM
I don't think it will be good to impose regulations on Bitcoin because it will hinder its growth and it doesn't even guarantee any safeguards to the industry! But thinking of it, I'm not worried since I believe that no Government will ever get to implement full regulation because it is designed to be decentralized in nature and no one have ultimate control over it!
Bitcoin and cryptocurrencies are still an emerging industry and I've never heard an issue yet of its influence affecting negatively on a particular country's economy hence there is no need to have it regulated. I also find it quite ironic when some Governments are acting like they could really regulate Bitcoin
while speculating that it will bring supposedly ill effects to its economy when all the while they had not done enough to regulate certain sectors of its economy like the power, banking and financial sectors, all of which could wreck havoc once left unchecked!
Bitcoin and cryptocurrencies are still an emerging industry and I've never heard an issue yet of its influence affecting negatively on a particular country's economy hence there is no need to have it regulated. I also find it quite ironic when some Governments are acting like they could really regulate Bitcoin
while speculating that it will bring supposedly ill effects to its economy when all the while they had not done enough to regulate certain sectors of its economy like the power, banking and financial sectors, all of which could wreck havoc once left unchecked!
September 28, 2019, 09:12:27 AM
To be honest, i had to agree to the everyone's answer here in this topic although i think that this isn't good to bitcoin and it's nature as decentralized electric p2p system but we have to rely on government since they have the authority over us so, we have to enforce the rules and regulations of the government to use bitcoin. Bitcoin is a threat to governments due to it's decentralized and anonymity of it.
September 28, 2019, 09:07:37 AM
I think by being regulated by the government, we don't have to be afraid if somehow we are breaking their law. We lived in the country which the government control everything, and I think even if they regulated the cryptocurrency, they could not control it because cryptocurrency is free for every people. So if they were making regulations for the cryptocurrency, at least it will help cryptocurrency to be spreading to the public. And that will make people will not be afraid if they want to invest in crypto. We can feel safe to use cryptocurrency. The offline and online store can apply cryptocurrency as the new payment, which will help the adoption too.
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