Bitcoin Forum

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I think every rule that involves bitcoin in it will always be different in each country.
and all that there is always debate every policy and decision, yes I guess that's how it happens.

Apart from Japan none of the government takes any serious steps on the bitcoin and its growth. If anyone regulate the bitcoin under their financial system then bitcoin has to face many issues like taxation, banking usages and etc...

However, regulation is not good for any bitcoin users. They have to support or else they should close their mouth from criticizing bitcoins in a wrong way.

I agree with you on tax issues. if the regulation is applied, I think bitcoin users will be even more miserable for paying huge taxes. where the government keeps an eye on every transaction activity we make.

That depends a lot.
And it depends on how the regulation will work and what does that mean.
If bitcoin will be treated as a currency and that's all there will be no problems. Same as declaring it a legal tender in the country.

The problem will be taxation.
Even now, if you buy something with bitcoin in most countries you pay tax.
I know because I paid in a restaurant and the receipt clearly mentioned the VAT.

So as longs as you buy from legal merchants and not from the black market you pay taxes, even without regulations.
People sometimes forget that bitcoin won't help you much more than cash if you're going for tax evasion.

For me goverment  can  catch a great opportunity  to rich budget  if  will start   regulation  bitcoin activity, but, first, goverment has  to accept bitcoin as a legal  currency

I think government regulation is not so important in the world of crypto. Without interfering from the government, crypto continues to run and take place. But if the government supports the crypto it will add a positive influence, especially in the economic field.

Once the governament accept bitcoins means we will have only problems and that will benefit for governament. becasue they will start to collect tax on every bitcoin payment. The bitcoin is famous for N number of amount transaction for no tax. if we want to pay tax means then who will use this bitcoin everyone will use fiat money.

It is important to remember that, despite what people say, there has never been a time when bitcoin was untaxed. This makes your argument about using fiat confusing because you will still have to pay tax. Tax and bitcoin are two different topics because whether you use dollars, euros, or carrots, you always owe tax on your gain.

Not all countries have a capital gain tax. Example: the Netherlands, my country of residence, doesn't have it.
We have many other (high) taxes, just not this one.

There was a time when there was no specific rules rules about bitcoin taxes and bitcoin was under the radar, so hide it and even use it as a way to transfer bitcoin oversea was too easy.

Good time, but looks like regulations bring confidence and higher prices

I think that no government can influence the bitcoin
Bitcoin is a separated world and it have his own rules ;)

t all depends on your country whether the government there legalize bitcoin or not. in some countries the government legalizes bitcoin but is different from china which he says prohibits bitcoin in their country (I do not understand if it is just their speculation only). but if the government legalizes bitcoin whether each bank can have a percentage of interest per day / week / month / year because the average people prefer to invest with bitcoin in the bank's appeal in that country.
in any case there are positives and negatives if a country legalizes bitcoin or other coins.

The impact of government regulation may vary and differ depending on how it will turn out. Government regulations may eventually impose taxes because that is their way of generating revenue. This would be negative for the bitcoin users because they'd then have to pay extra for the transactions. A limit on acquiring bitcoins may also be imposed by the government regulations which would be negative for the bitcoin users as well.

Those are both good points. I was thinking of the U.S., but liability in any country could range from owing no tax to being barred from even using bitcoin. And it may still be true that no government has the ability to cost effectively pursue crypto users at any scale.  
I am happy to pay cap gains because it is a minimal tax normally reserved for the rich. Consider that the money you work your ass of to get through labor is taxed at twice the rate of cap gains.

With strong government regulation it will be quite hard for people to buy bitcoin and they might have to go through P2P trading where seller can charge any amount which can have positive effect on bitcoin price but tracking trading volume and market momentum will be quite hard for usual bitcoin traders without any legal/registered trading platform.

I think overall effect of government regulation will be negative one but price wise effect might look positive.

bitcoin regulation in my country is still illegal. but that doesn't much affect anything. so I think Government regulation is not so important, and so far bitcoin is still running. even investors and increasing the volume of exchanges continue to grow.
 

I think every country has rules and policies about bitcoin. all are not the same, always have different legal sides. whether it is profitable or difficult. yes whatever it is if if the state has taken part, inevitably we have to obey it.

Bitcoin is a decentralised currency that should ideally be free of government regulations. But governments just can't let a decentralized monetary system to derive the financial system. So, they will regulate it either in favor of it or against it. We just can escape government in such matters. More regulations to come from many more countries in future.

The state has the right to take specific steps to regulate the circulation of crypto currency in this country. This may include taxation on profits from operations with the crypto currency, the procedure for making transactions, and so on. However, for cryptovplaty, encroachment on its basic principles of existence would be unacceptable, especially regarding the decentralization of the crypto currency and its anonymity in transactions.

Well that depends on the way regulation is implemented.If regulation is made as in china totally aggressive towards bitcoin,then it would not be appreciated and it would not help for the progress of bitcoin.

On the other hand,if regulations are made as it was made in japan,then there would be no issues and definitely,it would help for the growth of bitcoin.Japan has a friendly approach towards bitcoin and not like china.

However,out of these both ways,whatever the way regulation is implemented,we would have to accept it silently and no other way left for us.

there won't be one type of regulation , as you can see now ever country handles it different .

according to me government regulations will not affect bitcoin, usually the government only regulate how to transact using bitcoin or withdraw tax from bitcoin users, that's just my thinking, because in my country the government has not set the bitcoin

legalization of bitcoin in different countries will have different effect but few things will remain same. every country will impose taxes on bitcoin(whose value will be varied among different nations).transaction rates may increase, government will have control over currency which is decentralized , not to government but I will surely effect users.

legalization of bitcoin in country will popularize it even more,more and more users will be joined ,and it would be treated as normal currency and will be accepted everywhere in the country without any issues.

I do not think it will be that easy. even if they impose a tax for bitcoin, then what is the use of anonymous system in bitcoin. it will be a big hole that will be hard to close because if the government breaks it, I think it will be suspected to be an activity to spy someone's privacy.

I do not think government regulations have much effect on bitcoin, because bitcoin is not the same as money. so bitcoin can not be intervened by the government. in my country the government has not legalized bitcoin yet. but we can use bitcoin. regulation of bitcoin by the government will not affect bitcoin

Lol bitcoin is not anonymous.  This used to be the belief of people but as we all see once you linked an account to Bitcoin address you will be a known identity.  And we all have linked the address to our identity in order for us to buy and sell our Bitcoins.  Though I agree that government will try to impose tax to bitcoin transaction even though at the current state it is hard to implement because government cannot control Bitcoin but just the third party that deals with it.

Even though there is yet to be any government regulations some people are being taxed when they buy or sell their bitcoins for cash, in the event of a regulation, it's going to make bitcoins not as valuable as it used to be because the government will tax it massively as they always like to take but never give in return.

When did governments have the trust of the people?
They have already mismanaged all the resources of the planet and its human capital.
people that are originally in bitcoin, are in it precisely because they do not trust governments and central banks.

It will have a positive impact.

according to what I know
government involvement in bitcoin. no more solely for the security of the masses involved in bitcoin, although there will be taxpayers thereafter. but I don't think it's relevant if it's just to compare the profit and loss of what a country or government regulation is doing.

In every rule there is an exception, mostly will think that why government needs to give a regulation to bitcoin? Then it will not be decentralized anymore because the government is with it. Yes, that's going to happen but if you'll look at the greener side of it, this will give a positive impact to bitcoin because it just shows that your country is supporting bitcoin, unlike others they are banning it.

That's why people don't want it. If they completely apply their regulations on bitcoin, this can end the storty of the bitcoin which is very bad for us. They should take their hands over bitcoin.

It will surely put bitcoin in danger if the government will against it.
But as of now the bitcoin is blooming and in good place even though the biggest country ban it but there are still many countries who legalize it which is a good sign for the future of bitcoin.

The positive impact is that Bitcoin will have been legalized initually in such country while the negative impact will be the taxation depending on how large it will be

I don't think government regulations will have much impact on bitcoin because why bitcoin is a decentralized currency that is not under any control by central bank or institution of any country.
So it will be almost impossible to fully regulate it activities.

I thi k the reason why governments wouod want to regulate bitcoin is to protrct the people from being scammed or cyber attacked, as we all know, it is now easy for a thief to steal money, they just need to hack the bank or make phishing sites, this can be done by using your laptop or sometimes if you're really good enough via your smartphone, since hackers today can be considered the new criminals, i am not saying all, but some, these people use all their talent to take advantage of others. The governments around the world also knows how bitcoin can be produces, and i think what they arr tryin to protect is the data of their citizens or some secret information they don't want us to find out, and i think if one wallet has been breached, then it will be easy for hackers to steal our cryptocurrencies thus the need for security, but if the government found a way how to regulate it, without us being annoyed by them, like them, enforcing taxes or fees, i think it will all end well, since there wipp be a ways on wherr we couod track the hackers, and hopefully we could invent somrthig that will check if someone is using a device just to change their vpn.

It's the reason why I'm giving two points on this, the positive side and the negative side. But even they will regulate bitcoin, there's no way for it to change it as a decentralized cryptocurrency into regulated one. Because the gov't can't produce it or generate a new coin since there's a total supply limit of bitcoin and they can't do something about it or maybe they should take off their hands?

BTC being regulated means you pay the same taxes as you do with FIAT.
And the gov would know all the purchases you make, as it happens when you pay with bank transfer, debit/credit card, paypal.

So there would be no point at using BTC anymore!!
It has been designed as a decentralized currency to avoid exactly that.

So in my POV regulation would be very desruptive towards bitcoin.

Also, if the gov is technically able to control/regulate/block the BTC network, it means it is not truly decentralized.

I fear this is the case, due to the initial network connection process being a single centralized point of failure of Bitcoin and all crypto.

I.E. the BTC client must connect to a known IRC channel to find the nodes of the network.
This is the same problem eMule and other P2P file sharing applications had in the past.
The P2P technology of BTC is similar.

This weakness is easily exploitable by the gov: they can eventually seize those particular IRC channels and Bitcoin would stop to work.
So i hope a solution will be found to this crucial issue  of the BTC infrastructure.

One thing is if a file sharing app has this issue, but another thing is when people's money is involved!
The gov is motivated to exploit vulnerabilities like that in this case, while they closed an eye on eMule which was just for files.

If bitcoin becomes regulated by the government then you're basically taking away the key features that made bitcoin popular in the first place, so why bother then.

I guess that depends on the what regulations that a country applies to it like Japan and Philippines did to accept bitcoin. Japan declared that bitcoin should be free from taxation and to favor bitcoin traders but this might not always be the case like Philippines you to pay high fees to withdraw your bitcoin or every transaction you made so taxation issue is a problem for us bitcoin users.

Bitcoin usage has become common now. All merchant outlets are accepting. Its
time for the govt to regulate.

This will just push people to anonymous coins.

Government regulation is not crucial for bitcoin's survival at all.

In fact bitcoin is designed to exist without any sort of authority overseeing how it is run, and it's the beauty of bitcoin. You do not need to trust the government to do the right thing for the network to be functional.

If regulation promotes bitcoin usage then it's good, but some regulations such as ridiculous KYC requirements for bitocin is uncalled for.

It will be difficult for the Government to make regulations about the bitcoin, currency is a major problem for the country so that the Government will not be rash to determine and legalize bitcoin.

If the government took part in this bitcoin there would be pros and cons. If Bitcoin is legitimated in a country and makes the better prospects of bitcon, the community will do well.

In my opinion there should be no government regulation of bitcoin any time in Bitcoin's life. Bitcoin was created to against the normal government regulations, not to be controlled by it. If governments had complete control over Bitcoin, it would just become another version of fiat, a digital version with no decentralised nature.

I think it is hard for the government to conduct a regulation of bitcoin. Because bitcoin supposed to be a decentralized and government cannot controlled it. Yes there will be a pros and cons happen if regulation will take place.

Given that regulation of bitcoin means that bitcoin exchanges are better managed and licensed by the government then i'm all for it and in my opinion does good for the bitcoin ecosystem. However, we have seen examples where regulation has turned into bans(China).

Bitcoin can survive without any government regulation.

Bitcoin is a bit like self regulated. The rules of the network is enforced by every single person on the network.

Now the only thing the government can do with Bitcoin is to ban it. But since Bitcoin does not carry any threat, I think that this will not happen.

i think government regulation will give good effect on Bitcoin, and if so then it is certain Bitcoin price will increase, we just have to wait until that moment ..

it will have a negative impact to the market . For sure there will be a high transaction fee for every transaction made and they will always be keeping an eye to those with big transaction. Bitcoin is created because we can transact anonymously and hassle free(almost instant). Bitcoin can survive as it is self regulated.

The only objective of the government about bitcoin is that  they want some share in it.They want tax for every transaction,this is good if you have a good government that is not corrupt.We know that taxes is used for the good of there country.

Totally correct ,governments able to do banning only , even that not succeeded with China. take a look at bitcoin markets now I think it will hit 5000$ at same date 30 of this month.

regulations is definitely not crucial to bitcoin survival. bitcoin as a decentralized currency can and will continue to function and live without any government's consent.

but the regulations can have a positive effect on bitcoin's adoption. more merchants can feel safer accepting bitcoin. more people can feel safer using bitcoin too. and that is all helpful to the growth in long term.

And governments are not legalizing bitcoins only for the reason that it is decentralized. Governments always prefer and initiates the regulation processes of such projects or factors that are ultimately under their command.

Maximum governments know better the profits of bitcoins but only they are not legalizing just because they can’t control it.

It all depends on what you mean by regulation.  Governments can regulate exchanges which may drive up fees but offer a safer (insured) trading platform.  If a government chooses to outlaw BTC it would obviously hurt the adoption rate but they can't stop the use of it, that is the whole purpose of decentralization.

There isn't any negative impact of it because regulating will restrict the misuse and illegal use of bitcoins which was the major fear for governments. The good thing is bitcoin is legally accepted now in most of the countries, so it will grow more as more people will get involved in it after its legalization.

I dont think bitcoin can be regulated easily by any government, because bitcoin is a stand alone currency and it has impact around the world. The only capability to do such regulation if whether some or every countries joining hands and created a regulation for every cryptocurrency, surely tax will be an issue because everyone wants that piece of cake  ;D ;D

That depends on which country is making regulation on Bitcoin and the popularity of BTC in that region, the impact which Crypto-currency community will face due to the regulations implemented will vary according to which country decided to regulate Bitcoin.

Not important I think no problem,I can't anything from my government.I make money from the results of my own sweat,the government in my country busy corruption is not thinking about its people.The economy in my country is increasingly expensive and strange,I get nothing from government policy.
Important government regulation for bitcoin if the government is willing to legalize the bitcoin I'm support,but if to prohibit BTC it is the same as inviting civil war.

The good thing about bitcoin which is in favor to its users is that no government can have the right to control bitcoin only users have the full control over their earnings they can do transactions without anyone checking it also even in other country they can use bitcoin. As long as the government don't have any regulation with regards to bitcoin everyone will be free to whatever they like

Government regulation will help Bitcoin to grow to next level. More people will know it and use it.

The government have negative and positive effect if they are legal the bitcoin in their country, I am from Indonesian and my government claim bitcoin is ilegal virtual money so they are not give the access bitcoin in Indonesia so many people think one more time if wanna join bitcoin but it have positive effect, why, there are a lot off fee if my government legal the bitcoin some effect if wanna sent 1 bitcoin so we will only received 0,9 bitcoin my government legal the bitcoin, they need more fee.

Luckily it's not yet been regulated here in my country and I wouldn't want that to happen because this currency isn't yet been running stable. If government will take over to that I think it's not good and talking about decentralized currency, we have freedom that will be hampered with that regulations.

Crucial? If ever there will be a regulation (and honestly it was already present), it will be good for all users as they can used bitcoin without violating any terms or make themselves kinda safe and protected from frauds and related thing.

Positive because for bitcoin to become more accessible others it has to be regulated. Negative thing will just be concern of those who doesn't want a centralized thing which is not possible when they used exchanges.

I think it will really happen but each country or state will create or choose their own crypto currency/altcoin their people will use and that coin will be regulated according to the needs and capacity of the people living in the said country, example they regulated it to have a tax imposted so that the sovereign of the country can benefit to the exchange of goods and can maintain its operations..

i'm just concern about the other countries that will not regulate bitcoin.. they don't know what technologies can do to their country. Bitcoin will help their economy, that's why other countries they impose to give taxes to their citizen. they just thinking about themselves. Banks/governments scared of bitcoin because they can't get alot of money

Do remember that bitcoin cannot be regulated and controlled by any other entity due to its decentralized nature. That is why people are choosing bitcoin as the main payment under the dark web because of the anonymity in terms of illegal transactions. But I do believe that if every country's government intervene on the trade market of bitcoin, they can surely decrease its price or possible, removing it from existence.

If the governments for certain location trying to regulate it, it means they are already using it and they are now on perfecting the curb, it doesn't have negative impact for me.

Of course, the impact of the government will greatly affect the BTC, so more countries will accept it and the value of it will increase.

ICO regulation is a good things to avoid scam ICOs to show in public. I think that all country should impost ICOs regulation too! to protect the investment of their people.

Government regulation is healthy move because still people in a confusion bitcoin is legal or not . So regularising bitcoin will make bitcoin is more trustable for newbies and able to reach more people .

Crucial? are you kidding? Bitcoin is Decentralized, if government meddles with it, everything will change, there will be restrictions and rules or even taxes. I believe Bitcoin is doing good without government interfering and will be better without it.

If a Bitcoin regulation will ever be successful I think it will be both have a postive impact and a negative impact because many person who has a different motive will be affected. What I mean about that is definitely if Bitcpin got regulated its price would be more stable giving the traders a negative impact and making Bitcoin not profitable as to compared to what it was before. The positive effect will come for the consumers as they will benefit from the more stable price of Bitcoin.

I think that the only positive thing that will happen for the regulation of bitcoin that has been done by the government is they can secure that bitcoin is on the right way and it cannot be used by the criminals to do things such as stealing money from people and creating different scams using the cryptocurrencies.

The only thing the government is trying to achieve with regulations, is that it more or less remains some control over something that can't be controlled by whatever governmental authority. If people want, they can use Bitcoin for whatever illicit purposes at any time, and that without any problems - we should stop putting the blame on the tool, but understand that people are the problem here, and that nothing in the world will be able to prevent anyone from harming others. Nothing in the world comes even close to what level of harm is being caused with fiat, but yet no one seems to care. ::) It's always Bitcoin that seems to get hammered down when idiots decide to abuse it - this definitely needs to stop.

It will have both kinds of effects over Bitcoins.
Positive - When the government is allowing it to be used, it means nobody can stop it there and that you can do anything with your bitcoins "legally".
Negative - They will snatch away your rights to remain anonymous anymore after regulations take place because, after that, you will need to break up all the details in front of them which nobody wishes to disclose and that's why Bitcoin was made.

each and every governments made or going to make different rules & regulation scenario on Bitcoin, but they are doing one same thing that is increasing value of BTC

in every country is different its rules, in my country bitcoin may be used but not valid in the eyes of government
so in my opinion this needs government policy ???

ICO regulation is a totally different thing than regulations on bitcoin itself. While I am not against some regulation of ico's, I feel less positive about btc regulation.

I think they can't regulate the bitcoin technology, what they can do is to regulate bitcoin exchanges, bitcoin will remain decentralized with this.

I think if government regulate bitcoin as legal currency it will be good for bitcoin although probably some countries will apply the double or high taxation on bitcoin. But it is good for bitcoin adoption, it can makes the price of bitcoin go up.

Bitcoin in The United States

In 2015, the CFTC defined bitcoin as a commodity which would then be covered by the Commodity Exchange Act (CEA). It was a positive sign, but the fact that it wasn’t considered a security by the SEC showed there was still the reluctance to consider it as a currency.

both. its have an positive and negative impact in us. the regulation of the government about the bitcoin is in my doing research regulation means is to regulating the interfaces of cryptocurrencies or exchange crypto currencies in .we know that regulating bitcoin is against in the law of the consumer that the negative impact is to criminalize the person sales the bitcoin. they cracked down and make puppeteers and all large company that using bitcoin have a big affection if this happen.

yes right, but in my country not admitted bitcoin. poor think
they dont believe in bitcoin, i dont know it, maybe cause of price, or dont have institution. but much people here believe in bitcoin

only with the appropriate amount of regulation. with too much regulation, usage might be harshly restricted, and legal use might not be possible in many cases. however, if a government regulated bitcoin in order to create a safer environment for users, people would take it on themselves to become knowledgeable on bitcoin and use it, knowing it has the government's support.

It will be wrong or living in fantasy to think government regulation will not come. Its not possible because it and government does not like its influence to be reduce which is what will be interpreted as the objective of bitcoin. But our consolation is that bitcoin cannot be stopped.

The regulation to me, would go a long way to sanitize the system of some individuals that are not supposed to be here and whose actions propelled the regulation in the first place. However, it will not come without a cost which means a lot of core developers and believers will have to abandon bitcoin with the understanding that bitcoin has been hijacked.

Either way, I believe strongly that element of regulation will mean alot by boosting the confidence of corporate bodies in bitcoin.

No I don't think government regulation is crucial to Bitcoin survival because bitcoins is not depending on the government, bitcoins is not centralized , bitcoins will always be survival as long as there are ecosystem of bitcoins, the miners, developers, investors and the users of bitcoins, bitcoins be regulated will have negative impact because everything will depend on the government, it will kill essence of decentralize in the bitcoins.

That depends a lot.
And it depends on how the regulation will work and what does that mean.
If bitcoin will be treated as a currency and that's all there will be no problems. Same as declaring it a legal tender in the country.

The government in my opinion should not be interfering with our money. Unless you are someone who needs to be taken care of and do not have a mind of your own, then yes bring in the government. I am a firm believer in self reliance, self improvement, and discipline. People who are saying the government should control BTC do not know what they are talking about.

I think if the government's participation would lead to bitcoin progress to a better phase, it might be necessary to get support from all concerned, but if their participation would only bring bad effects on bitcoin development it would be better if they did not join bitcoin.

Different countries have different regulative measures.We could see that regulations laid down by china clearly shows that it does not want to encourage the use of bitcoins at all i its country.Japan on he other hand totally legalized bitcoin.Australia has started to consider bitcoin as money from july 1st.Its true that almost all countries have realized that bitcoin could no more be avoided and hence many countries have started to regulate it.Regulation is good for bitcoin's progress as more people would confidently start using bitcoins but it should not be such regulation laid by the chinese government.

Bitcoins will be survival with or without government regulations of bitcoins, we see now bitcoins is still alive and the price of bitcoins was increased, the regulations of bitcoins will gives positive impact on the growth of bitcoins due to the people will be more trusting in bitcoins to investment in it, due to there's support from the government with regulations, unfortunately it is depending on the government of countries to regulate the bitcoins.

If the price of the bitcoin is high in your country then they should use bitcoin more and more so that they will be able to sell their bitcoin on the highest rates till then the value will be more than double so it is the best thing we can do with our bitcoin and we will never suffer from lose using it. The government in my country is now giving the value to the bitcoin.

Guys which county do you think will follow Japan in terms of accepting Bitcoin as a legal way of payment ?

Let say if my government legalize bitcoin as well , there will be a lot of demand for bitcoin since my people also interest with bitcoin technology
Of course it will affect on bitcoin in global value !


I think there will be a country from Asia that ready to legalize bitcoin just like them

Yes true. Many use to inverse in your country means,you will able to inverse in it and use to sell it with highest price. Only if it's high priority to inverse, it value will raise soon.So you can inverse in that source also.Don't worry about the future and all.

I think it is good for Japan if their Government legalize bitcoin.
Japan is a developed country and in my opinion they are very interested in the bitcoin

Of course it depends on the enforcement of government law. If it's positive, it's just as legally binding on people to use it as much as it can help with bitcoins. And if it's a negative law it will do just as it has been banned by China. This is likely to have a big impact on the price of Bitcoins. It depends on us, like this in our country. The bitcoins are legal and freely usable by people so quick to accept people here

I think for us who earned money with bitcoins it will have negative impact. For example, bitcoin doesn't have tax yet so if ever government try to impose tax on every bitcoin you make it will be really a pain in the *ss since we know that some governments are too greedy when it comes to money and they may charge a really huge tax.

every rule is always different in every country. I don't know for sure what is beneficial or disadvantageous, because in my country there is no problem with the rules on bitcoin.

I don't think that governments regulation would necessary represent something bad for Bitcoin. Some think that regulation means ban but that is not so and to my opinion regulation could help Bitcoin to get more established and more accepted, especialy in the business area, so regulation is not something that we should have fear of.

The government is using its own sites to spy on people, like hitbtc.com using fake offices and shell corporation for 4 years, stealing money and nothing happens.Controlled by the FBI? You should know before you think that is crazy it is confirmed the US FBI used to operate child porn sites

State regulation will have a negative impact on bitcoin only a short time. So it was with China. If you store bitcoins for six months - a year, you will see only growth and profit, no matter how hard they try to settle it.

it is not a panicked issue for all of us, I think governmental regulation should be welcomed because of getting the legal and transparent purpose. I think governmental regulation enhances the credibility of the people. so it will carry a goodwill for it.

Bitcoin is a decentralized currency so some county has legalized the bitcoin and some of them still  under regulation, no one can ban the bitcoin because of it's decentralized currency.

I do not think that paying tax is a bad habit, If we are getting some profit, so it is our responsibility to pay tax on our income, either it is coming from bitcoin or from any other source. To me i think government should turn bitcoin as legal currency and should put a reasonable tax on it, and i am sure that people will willingly accept to pay tax on their bitcoin income.

Goverments can try to do whatever they want but they can't stop people from moving their bitcoins, it is impossible thanks to cryptography and private and public key encryption.

They can't do anything about the network, but they can make it next to impossible to cash btc out to fiat if they would want to.

Sooner or later governments will develop tracking software to make sure people pay tax on crypto!

I think the governments of the world regulating and taxing bitcoins will be better than banning it completely. Banning bitcoins will have a lot of repercussions and i don't think we the investors will be able to get out of that alive. Even the rumor of China banning bitcoins drove it so low, how much more they actually doing it followed by the major Countries like the USA and most of Europe.

Some core elements of future cryptocurrency regulations we may see in the future:

1. It is almost sure that government intervention in the cryptocurrency is inevitable, it is only matter of time.
2. Government officials think that bitcoin is too unpredictable and hard to tame ATM, and it needs to be changed to bring it in line with other payment systems.
3. We may see even changes to the core bitcoin protocol, for example: regulators will try to add identity information to bitcoin transactions and will try to make it possible to blacklist funds.

all things must have positive and negative sides. the positive, we learn to hold back and be grateful that although not legalized, at least bitcoin is not banned in my country. On the downside, it is very difficult to use bitcoin technology because the rule is obstructed.

The only thing I think government will take an impact if they were able to control bitcoin is that imposing tax on earnings that we get surely the government would like to have the majority of bitcoin in the market to sustain their power and to have control over the economy's wealth

Government regulation of Bitcoin will always be a non-factor. If anything it'll actually make Bitcoin more resilient in the long run as more and more people realize it's for them, and not FIAT $.

It will have a negative effect to Bitcoin for sure. You have just seen how china shook bitcoin, albeit very temporarily. But the more interesting part here is that it will give a more negative effect to the government that is imposing the regulation itself. Bitcoin is designed to stay away from centralized authority. Government regulation is centralizing what was invented as a reaction to it. 

Government regulation is good and bad. Good because it brings in a ton of money, but bad mostly because the chokepoints (companies mostly) will be forced to hold data and bypass a reason why bitcoin is good.

If the current government in my country will regulate bitcoins now, I will be annoyed. Because I don't think they won't try to tax bitcoins and more paper works whenever I would trade it to fiat money. Then they will likely required me to tell my personal information to create a database which I doubt would be protected from hackers. I remember last time, the department body that facilitates the election and related stuff was hacked and the personal infos of some citizens where leaked. So I won't trust them the future of my investments.

Some Government has drawn its attention to all banks  and other financial  institutions to Bitcoin.Government require the following regulations namely:
1 :Ensure that you do not use,hold, trade and/or transact in anyway in cryptocurrencies
2: Ensure that existing customers,that are virtual exchangers have AML/CFT control.
3:Relationship should be discontinued if banks and financial institutions are not satisfy with the control of transactions.
This virtual exchangers includes bitcoin.

You are right, and this thing will be so bad for bitcoin community, because when the governments make some regulation to bitcoin maybe it will affect bitcoin too much. Bitcoin is more good than to be controlled by government, because it will be some rules and bad things..., Futhermore, I see that bitcoin is more better if it will be like that.

Well, first of all even if they implement such law, they will still not know how much you earn in you wallets because you are the only to have the private keys of all your wallets. And if they really wanted to know how much you earned then that is beyond the regulations, I mean they are breaking the human rights; they know no privacy.

So basically what I am saying is that, no matter how much you earn even if they taxed you for it, still only certain amounts are gonna be paid. You are going to have a lot of profits just like you used to.

The good thing about bitcoin which is in favor to its users is that no government can have the right to control bitcoin only users have the full control over their earnings they can do transactions without anyone checking it also even in other country they can use bitcoin. As long as the government don't have any regulation with regards to bitcoin everyone will be free to whatever they like

It depends on the kind of regulation we are talking about if we are talking ab out banning that is going to have an effect but after that there is nothing to do so I doubt they are going to try that route, I think they are going to try to put all kinds of regulations to make more difficult to the average person to get bitcoin but that is not going to work either and people will keep using bitcoin as they want it.

you can said like that but actually government declare regulation for something for example is China purpose  to keep their citizens (Chinese) stay away from many SCAM ICO.

not all regulations which spread out from government not good for bitcoin users. sometimes government launch good regulation as like Korea who almost adopt bitcoin as legal currency.

Oh please don't give our government any ideas about regulating bitcoins or I swear they will fight each other in discussing on how they will steal my money. This government we have is corrupted to the core (and I'm not proud of it but I still want to say it because reasons) that the moment they plan to regulate crypto currency, I will migrate to Europe. I hope they will leave BTC alone before I can save enough for migration.

It depends on how the regulations are done. This is a new technology, so governments need to regulate it without completely destroying it's potencial for growth. If they do that, then people won't accept it and will start using crypto in hiding. This is exactly what governments want to prevent when they attempt to regulate something, otherwise it might completely backfire.

But sometimes government regulations seem made only to protect some interested parties. Until some countries expressly reject bitcoin. In fact, I think bitcoin like a knife although it may potentially have a negative impact on the government but not necessarily a negative impact for peoples. So, government policy is really must on the basis ideas from various professions.

For the survival of bitcoin, the existence of state regulation does not matter. Bitcoin can perfectly exist and walk around the world without such regulation. However, the presence of state regulation will still have a positive impact on the bitcoin. In this case, the state determines the rules of its circulation in society and simultaneously takes legal protection of their owners or owners.

Bitcoin does not need a state and he will live without him, it's simply not beneficial for the state to not receive a percentage from bitcoin when many people invist, so they want to snatch their piece of cake.

They are really aware on such stuff thats why only a few did really make some steps regarding on regulating or blocking it.They are really afraid if people would really tend to focus on using crypto and would really hide their assets or funds on it.If government would tend to ban it then they cant really completely get rid of it because people would really find ways to use it.

until when the government will capture the great opportunities of bitcoin, all will look real hear if the government started it from now on.

That is correct there isn't any comprehensive ways of banning bitcoin just yet and the worst they could do is to make it difficult for people to use by inacting bad laws against bitcoin but even with ty=hat people can trade in person.

They have no ideas about bitcoin now thats why government dont give time for cryptocurrency but in the future they will give regulation about bitcoin. I agree that in the future when they already supports bitcoin the economy of bitcoin will grew up massively.

First, I think that government intervention has only negative impact, such as decreasing the value of the bitcoin and its legislation in this country.
Just remember what happened to the value of bitcoin last month when China closed some ICO.

let me add that government regulation defeats the purpose of one of bitcoins characteristics which is being decentrelized. Regulation of bitcoin should be upon the bitcoin  users, not the government

bitcoin is decentralized, no countries can control it. But I would say the political issue is important. if one government ban it within country like China, it can fluctuate the price sharply but as for decentralized attributes, it will recover unless all over the world turn its back on bitcoin. 

if my opinion will be better because definitely security would increasingly a strict so most likely the existence of the thief diminishing and definitely make the bitcoiner quieter every time to work in this forum.

The truth is they wouldn't really know about that, since it is almost mere anonymous in this kind of platform. In every account you owned in this community they really wouldn't know about it. And on top of that, they really wouldn't know how much you really earn from this. And besides all of that, they may impose some taxes, but that doesn't affect the overall profit you're getting.

the government regulation of bitcoin is always different in each country. I think all countries have interests and laws regarding bitcoin. even then if the state has legalized it.

I use to wonder how can a good government who is masses and economy friendly can come to formulate a policy to stop or restrict the use of bitcoin in it public domain, first let us take a good look at the economic advantage of bitcoin as it will open up the country domestic and foreign trade to the global world for easy transactions and sell boost. And secondly bitcoin empower the citizens of the country financially there by reducing over dependent on the government.
So I think many countries of the world will celebrate bitcoin rather then trying to suppress it activities.

Last time I check profits arising from Bitcoin earnings are taxable even if it is not regulated by the government only people who are evading taxes are the ones who are not recording there earnings from Bitcoin. Also why are we still pursuing anonymity until this time, if we want to use it in public such stores and transportation we need to accept that Bitcoin having anonymous transactions will be useless in the future, at least that is how the way I see it.

I think the government regulation of bitcoin is very important for the continuity of bitcoin in the country. Regardless of the positive or negative impact of regulation, if the government is occupied by people who have good attitudes and behavior then the rules will have a positive impact on bitcoin.

Government regulations will greatly affect the development of bitcoin. if the government recognizes and adopts bitcoin then bitcoin will be one of the legitimate payment media. this will have an impact on increasing the use of bitcoin and can also increase the price of bitcoin. on the other hand, if bitcoin is prohibited by the government there will be negative impact such as decreasing bitcoin price. that's why government decisions are so important in determining how bitcoin will be regulated.

maybe the rules do not exist yet, then later if we have allowed the very tight rules that will be made by the government about bitcointalk and we just wait for it.

The government regulation is good and bad cause some government were trying to control bitcoin because they see bitcoin as something affecting their national currency/economy and is what the Chinese government trying to do but I love the part of regulation created by the Japanese government which generate positive impact into bitcoin.

Honestly, we need the government help somehow in other to create some sort of awareness because some people still don't believe in bitcoin and some create false capital which will experienced in China last year before the PBOC came in. Therefore, if the government regulation was in a way of creating security/awareness and accept bitcoin as an electronic cash. This will definitely create a positive impact to the crypto world.

NO there is no such thing, I do not think every government or country will have some kind of regulations towards Bitcoin. Other countries are so interested in Bitcoin that they wanted to get their hands on it and wanted to manipulate it. But they are not in luck, because the concept of Bitcoin is to have freedom in using it, so basically it was obviously that it was created so that no people will control it.

There are many countries who are allowing bitcoin as a payment method because they have no issues such a poor states because they know that bitcoin can make there country better. So it’s depend on country.

Correct and some parts of it I dont agree.
We dont really need the government for some reason. We need investors. They will be the one who are willing to risk something just so they could provide a good service.
Example is a bitcoin ATM. Not much wants to get to that business because of the volatility of bitcoin that might get them on the losing part. Who will risk it?

It is right that government can get access to the bitcoin users only in order to collect his taxes. Bitcoin is so much far away of government access because bitcoin is decentralized and no one person or government can get control on bitcoin.

Government regulation in a sense to collect taxes from exchanges is possible just like in Japan but control on bitcoin in order to regulate in a country is impossible.

Yes, you're right. In every countries are not the same policies and regulations in bitcoin. Like in the USA and Philippines. In United States, you can buy directly what you want through bitcoin so they treated bitcoin as a legal their country. And also the Philippines, they are not use bitcoin as a legal currency but they are adopting it as a currency so we can still use it but we have to use valid IDs. Therefore, again, every country has a different way on treating bitcoin as a currency.

I agree with you, Governments really want to control Bitcoin to earn tax. But they know that Bitcoin was invented so no one could control. Therefore, they change from control method to regulation method. Everything will be fine.  ;D

Government regulation will not affect Bitcoin in any way because Bitcoin is decentralized. The network is and so are the users and miners so there is no stopping it.

Year ago, the question of the status of the Crypto currency was based on a disappointing dilemma: whether to establish an administrative or criminal legal prohibition on the turnover of crypto-currencies. Now government strategy has changed radically: the legislator and regulator are inclined to consider in the cryptocurrencies a new and very promising direction in the economy, rather than a marginal currency surrogate in the shadow sector.

if there is a government regulation about bitcoin then this is bad news for bitcoin users because they will be in tax income based on every activity of transaction made

in my opinion will have a negative impact because every government regulation on the economy is inseparable from income tax, then we have to pay tax every income we get from bitcoin.
it would be better if the government did not give a rule about bitcoin.

Governments can attempt to regulate it and set rules in their country but the great thing is it's your choice to follow them or not. No one can force you to. I wish them good luck on their regulating of bitcoins haha.

if the government provides a rule about bitcoin then we must obey the rules, because as a good citizen we must obey the rules that exist, although it is difficult to go through it

Well then i guess you don't know why bitcoin came and why you're  even here in the first place. Btcoin was created to liberate us from the hands of some of these government decisions and central control of our finances so that we can individual control our own funds like we have our respective banks at home and so if we allow these government interference then they are going to tell us that they will now regulate it's flow in the market  like the central banks to fiats and gradually they will take over.

Bitcoin is global, government regulation is a good thing, can be long-term development. No supervision will be more and more chaos, such as ico
 ;) ;) ;) ;)

In my country bitcoin is prohibited by the government to be used as a direct transaction tool because it can weaken the value of currency in my country, I agree with it because it is one of the government's efforts to maintain the exchange rate of currency.

True, knowing that more and more people are engaging themselves to bitcoin, there is no way that the government will just leave it as it is. The Government might feel threatened and will not let to be not benefited. This actually the role of tge government, to regulate the wealth of the country. Bitcoin and cryptosystem are really impactinh the economy really hard, that is why government is interfering and regulating

In my country Jak ma is encouraging the president to have a cashless society which obviously bitcoin or any crypto will be use. For this reason, government will not just regulate it but also have full control over it. What crypto holder has to do is to hope that bitcoin will not become complicated because of the government but will have advanced and better feature.

Well of course it has a negative and positive impact. But I don't think governments can implement regulations on Bitcoin, I think they can only regulate exchanges as Bitcoin is using blockchain technology which is decentralized. If Bitcoin or cryptocurrency exchanges is regulated therefore tax is automatically included in every transactions. Tax is not that bad since we can contribute to the government for whatever they want to use it for the country. Regulations in Bitcoin can expose anyone who are going to withdraw their coins on exchanges due to the AML/KYC policy implementation by central banks. Once exchanges are regulated our funds are safe and is the sign of acceptance or legal stance by governments.

I think government regulations have a big impact on the development of bitcoin. For example, when bitcoin accepts bitcoin, bitcoin
prices have risen sharply. In my country, the government did not accept bitcoin, I think my country is not capable of managing
bitcoins. Because my country is still small and the economy is not growing .

I have a question can Bitcoin be put under regulations as Bitcoin is decentralized. I mean what can the government probably do with bitcoins as they would not  have control over it. So even if the government could put up some regulations over bitcoin I can't think what regulations they can put.

Bitcoin in many countries is underestimated. In my country is similar. The government is mainly responsible for the internal wounds of the country.

The government regulations on bitcoin in the world are different.
Some countries have legalized bitcoins and some are not.
Just as government regulations in my country about bitcoin are still faltering, there is still no certainty from the government.
I think if the government legalizes bitcoin, a great opportunity for the progress of a country will be more open.
Maybe i can only wait when it's time to get legal bitcoin in my country.

In my personal veiws government would want to have control over bitcoins ,
And maybe they won't legalise BTC untill they get  some power to control it.
Government would surely need to put tax on BTC if the majority uses it , if they form any rules and regulations for using btc we would definitely have to follow it.
What impact it would create on people that we will know only after implementing them .
 
If we talk about current situation then countries like Russia and China have sort of ban on BTC , the ban is not on using btc but to converting them I to fiats by depositing them in banks .

Bitcoin existed and can continue to exist without state regulation. However, state regulation, that is, the establishment of certain rules for its circulation within the country, makes it a legal tender within this state and at the same time bitcoin can enjoy the protection of the state, including judicial protection in case of violation of the rights of citizens associated with bitcoin. In this regard, the state regulation of the crypto currency plays a certain positive role.

important or not it is relatively possible to say something important so maybe the condition of bitcoin can be supported by the government. the positive or negative impacts also depend on the regulation applied because every government in the country has a different perspective.

Regulation is of course beneficial. If a regulation accepts Crypto, this will certainly benefit the Crytocurrency user. And vice versa if regulation rejects Crypto, then this will make a little jolt for Crypto users. Surely every regulation has a good purpose. In this case, we need to be observant in the face of every news and FUD. In order not to be hooked by the political game on Cryptocurrency.

I think it's different and depends on the country that makes the regulation, but in my opinion is not really many countries don't accept bitcoin, as in my country they say bitcoin as an invalid currency, but they don't prohibit or givin ban as china do. so I think the positive or negative impact is depends on the contents of the regulation.

government regulating bitcoin cannot be prevented.
history has already told us that government will always seek to find way to be able to gain control with everything happening in their jurisdiction.
and bitcoin won't be exempted from this, especially that government will see that this is a way for people to avoid taxes while doing transactions involving money.
therefore one day they will create laws to restrict it and make it in favor of the government.
:D

the government can not interfere in bitcoin transactions, bitcoin can not hold any country can all have bitcoin but no one can manage it.

Can you please explain how governments can regulate a decentralized and worldwide operating system? I know that they can regulate exchanges, but this is not regulating bitcoin because people still can get bitcoin by mining themselves or buy bitcoins directly from people or buy at exchanges abroad or if they accept bitcoin for products and services.

If you ask about the impact if a government will declare it as illegal, then it is clear that it will have a negative impact in that country because many people do what the government/law says without using their own brain!

in my opinion the government will support in the presence of bitcoin, because this will have an impact on the economy of a country.
 

The truth really hurts. This is how always the government thinks and if they smell money they mean it and they can't get their nasty hands to this.
Thinking that regulating bitcoin will give them more power to control things and soon will take over but as far as the community is concern I'm confident that they can let this thing happens. People will always find their ways not to expose their bitcoin to the government as still and will be decentralized after all and I think that this will be the greatest hindrance for the government.

Government may regulate bitcoins that it owns, but they never regulate bitcoins of other people. Rather, they regulate the people.

8)

Decentralised, peer to peer, autonomous nature, low transaction time & charges are the basic features of bitcoin.
Bitcoins become more popular due to these features.
If governments starts putting its own regulations they bitcoin may lose it autonomous nature.
Governments always try to alter and control currencies for their personal benefits.
Putting regulation on bitcoin transaction these governments may earn good revenue.
They may put taxes on every transaction.
Many countries have legalised bitcoins on some conditions, tax structure is being framed.
Bitcoins are world wide acceptance, government tax structure will differ from country to country, this may affect its acceptance in countries where taxes are heavy.
If governments are accepting bitcoin as it is then and then only they will keep its popularity, value and progress intact.

Every country have a different way to introduce about bitcoin aome are negative and some are poaitive

I think government regulations can have a positive or even negative impact, if we look in a positive way then one of them is about the state income derived from taxes on each bitcoin transaction, the income will be very useful for the development of the nation itself, but if I think the negative side it is possible that there will be some rules that will make it hard for bitcoin entrepreneurs to own and do bitcoin transactions. However, government regulation is needed to prevent criminal acts that can be done using bitcoin.

Regulation will be good in the long run as it brings more legitimacy to bitcoin usage.
Dubai seems keen on implementing blockchain to start.

Positive side, government regulating bitcoin is a good sign to end any skepticism about Bitcoin not being legit and scam. Acceptance can turn other skeptical people to finally invest on digital currencies. With Bitcoin as the pioneer Cryptocurrencies and will it be regulated, other people may turn their interest also on new ICOs. Though, govt should focus monitoring the scam ICOs. USually, ponzi schemes.

One negative side, is that government should set their clear cut guidelines to monitor Bitcoin transactions. As the govt should not interfere with the anonymity of BTC transactions.

if indeed the government intervened in the bitcoin regulations of course we will face the problem, because in the government now the problem always come barrage, and in my opinion without the bitpone government still running even the users found a freedom in investing

I believe that it will have a positive impact because if bitcoin is going to be banned by the government, it will be all over the news and people are going to talk about it. In the attempt of taking down bitcoins, they instead would end up making it more popular and popularity/hype is what we need to make bitcoin go mainstream.

Bitcoin was made so people wouldn't have to be so controlled by the government. Even with the regulation, bitcoin will be still usable by the people because there is no way that the government can sensor everything about bitcoin. Even if they do, there will be ways to bypass ISP censorship through a VPN. This might be reason why other governments haven't banned bitcoin yet. It's pointless.

Apart from Japan none of the government takes any serious steps on the bitcoin and its growth. If anyone regulate the bitcoin under their financial system then bitcoin has to face many issues like taxation and  banking usages this will not help the bitcoin usage in any way

Obviously that's important. With bitcoin recognized by the government it will have a positive impact on the development of bitcoin. So that bitcoin users will be more exist and free to introduce bitcoin in others who do not know him.

whatever regulation that created by government, it have positive and negative impact. like sword, have two taper's edge.
but if they rejected bitcoin, many people will harmed. and i think government too.
if they accept i dont know what disadvantages of it, but more profit will take from bitcoin.

I don't think that governments banning Bitcoin have a huge impact on it. Some small countries have already banned Bitcoin and it didn't change anything at all. Exchange ban in China caused price to decrease by about 30% but it quickly recovered. Now China is thinking about unbanning Bitcoin. I'm not surprised at all, it had to happen.

Government regulation is must for any currency. Not only it will allay the fears of prospective investors but also help the product promote itself.

For now in my country there is still no rule about bitcoin. But the government has declared a ban on the use of bitcoin as a valid currency in Indonesia so that to spend it should be in exchange with Indonesian currency is the rupiah to be a valid means of exchange. However, despite Indonesia's ban by the government and banks, but bitcoin enthusiasts in Indonesia are still growing and ownership of bitcoins is still safe because there is no definite clarity about the bitcoin ban.

The government of each country has got different opinion upon bitcoin. This makes them develop regulations according to the people of the country as well upon their necessity. Very few have shown signs of positive acceptance in the legal regulations of bitcoin within the country.

28/10/2017, In Vietnam, The State Bank of Vietnam announced that the use of Bitcoin and similar virtual currency would be fined 150 to 200 million dong.

The bank's statement states that "Bitcoin and other similar virtual currencies are not legal means of payment in Vietnam", the issuance, provision and use of them as a means of payment are " prohibited behavior in Vietnam.

It is depend on each country  ;D

Bitcoin is still not legal tender in my country neither is any other crypto currency. But its still utilized by many as long as you have got the system and internet to participate.

As long as the government don't have any regulation with regards to bitcoin everyone will be free to whatever they like.

It depends on the government how they were gonna use bitcoins, The problem will only occur if the government in your country is corrupted and they might manipulate the value like placing tax on it and it will be harder for us to earn more profit.

Cyprus IS IN THE EU and Europe is very pro blockchain in general. Here the tax laws are very good and because it is a decent and stable country, I don't think there will be a problem with digital currency and Bitcoin in general. It's  small Island nation and not many are using Bitcoin and I must be still one of the minorities here, which in a way is quite fun to know.  ;D

Bitcoin was designed to be impossible to regulate, Bitcoin knows no borders!

If they try to persecute every single person who trades Fiat money for bitcoin like they're going after drugs, not only will they fail in the same way, but they will raise awareness of bitcoin and expose the government's use of fiat as a control mechanism. I don't think government knows how competition works. They just know how force works. And if you don't use there special little inflated currency you will be thrown to a cage. Government doesn't like competitors of course they are putting red tape everywhere.

Regulation of Bitcoin in the government is involved a rigorous study because the nature Bitcoin or some currency is different from traditional fiat money
Bitcoin is decentralized, anonymous, peer to peer transaction method, which is different in Traditional banking system were controlled by the government central bank. the only action of the government is to recognize Bitcoin or not . if they will recognized they will give policy which can protect the crypto currency operator of the country, but if not then they will considered it illegal.

I think the government will give every effort to get the bitcoin to be controlled but in fact they can not do anything because bitcoin itself is better than the conventional currency and the government will still assume the bitcoin is illegal in transacting

I think it'll choke out people with bitcoins and will try not to transact as much as possible. This will prevent bitcoin movement and that will be an unhealthy circulation. If the government's regulation will be to tax bitcoins, then nobody will ever bring bitcoins to their country. They will most likely revert to eth or alts

So after all, it is not as 'decentralized' as we think it is huh. But despite the issues in taxing Japan did have a very good job in developing more and more potential of Bitcoin. Although taxing really is not a dodge-able issue, it may have benefits in the later times. I mean, we are talking about Japan here, one of the most developed countries when it comes to technology and other countries that have already accepted Bitcoin should make Japan a good example, not just focusing on taxing the 'former decentralized' currency so to speak.

I think government policy is very important for the development of bitcoin in a country. because if the government does not make good policy about bitcoin, bitcoin will not be well developed in the country.