Bitcoin Forum

The fact that digital assets like cryptocurrency uses blockchain technology gives it the advantage of not being controlled by anyone even the government. That is why some governments prefer to ban cryptos just not to give oppurtunity for bad people to use it for their bad motives/actions. Regulating cryptos are not as simple as peeling of a banana, it'll take long talking and discussion.

As to the left and right scams involving the name of bitcoin, fraud and other illegal doings that bitcoin's name is being dragged, what are the possibilities that cryptos will be regulated? Thank you..

Its a very high chance that bitcoin or even the whole of the cryptocurrency market becomes regulated. As to me that is the next step for them to become or to survive and be the currency of the future that we are all hoping to be. What I think is bitcoin needs to be regulated for its own good. It needs to undergo this process so that countries and governments and the corporations can surely know that this is not abused or cannot be made to do illegal transactions

well, the possibilities are high, it has its advantage which is to filter those scammers and stop them, specially ICO's, they need to comply with the rules, people can now invest without worrying, the disadvantage will be it is centralize, government's would surely monitor every people who has crypto holdings and would definitely tax them. People who use bitcoin to scam others will be less, it will not be totally eliminated coz scammers find ways to scam right, there are always people who trust so much, so somehow, regulating cryptos has its advantage and disadvantages for us.

Forgive me, but I don't see what good regulating Bitcoin would bring. The way Bitcoin is conceived from the very beginning is to be censorship and regulation resistant. That's one of its greatest feature. There's nothing a centralized government can do to regulate a decentralized system such as Bitcoin. Probably they can try to regulate the users of Bitcoin (by taxing, for example), which is exactly what's happening right now. But not much more than that.

Now, as far as the ICOs and other crypto-assets are concerned, I believe there should be some regulation. I mean, some of them are nothing but pure scam.

The world is evolving and eventhough the government don't want to regulated it, they have to. In the end its better to regulate the crypto then letting the criminal using them and the government doesn't have anything to lose since they will also benefit from income tax and such things. If the regulation really exist then the government have the authority to ban and imprison scammers.

If we ever want to see mainstream adoption there has to be some form of regulation. People dont want tossing around digital asset without some sort of protection. At the very least it has to be "recognized" by the government. If someone scams you out of your BTC, you dont want the state to dismiss your case just because btc isnt recognized as an asset. Plus there are money laundering issues we also must tackle.

It is all about money, so all those greedy hands in the world are very interested to control it. And this makes it inevitable, that banks, governments and other institutions will think of a way to put everything there way. But that could also bring everybody a win-win situation, particularly with the concern on crime, security and increased usability.

It looks like there is more possibility that governments start regulating bitcoin exchanges. Like Japan or South Korea comes up with some guidelines then many other countries may follow by tweaking here and there but everyone looks like someone to come up with some guidelines as of now.

Particularly many governments don't want people to lose money on fake ICOs so they are banning to invest in these ICOs projects as of now but they are not putting any ban on buying and selling bitcoins. It may take more time to regulate but surely they will do it over the time.

The possibility that the cryptocurrencies be legalized is a very large one. But we should not forget that it is a speculative market and people are still very reluctant when it comes to investment (https://cryptoorders.com/articles/pros-cons-investing-cryptocurrency/). Personally, I want more security with regard to the exchange of cryptocurrencies (https://cryptoorders.com/articles/betex-versus-standard-binary-options-brokers/) and if this involves a firm action from the authorities and/or the governments then I completely agree.

 the crypto world without regulation is proving to be very dangerous, I say very dangerous because any scammer creates an ICO and the scammers become rich, anyone creates an exchange and decides not to hire enough staff to handle support tickets and ignores the problems and concerns of customers, block people's accounts without warning, their TOS are more outdated and not even they even comply with such a TOS.

With clear regulation, we will have quality services and we will have more people investing in bitcoin, altcoins and ICO's

I think this is the next thing the governments will do since they growing of cryptoworld is inevitable. So we can all expect that regulations for crypto will surely follow in the future, nothing less.

Regulating Bitcoins is easy Japan has done it and so are many other countries who're planning to do it. Whenever we buy and sell bitcoins we receive money in our bank and that is a government record, they can access it any time they want and know who made how much money. I feel countries should regulate instead of ban or leave it as it is. Reason is people will indulge more in scams to enjoy this and it's not good.

this same question has been asked for dozens of times already and its mot helping.this only bring negativity to the readers..governments has a power over cryptocurrency and if they want banning or regulating is a simple thing.but they will never to that because they know that theres a lots of cakes inside crypto and what they only need to do is get their part and everything will be back to normal

governmentS don't prefer banning bitcoin. some rare cases did that because they were running a corrupted system which they didn't want to be disturbed an bitcoin was disturbing their corruption.
the rest of the world will regulate the usage of cryptocurrencies, mainly the usage by the merchants not generally. and most of them is for taxation purposes.

With all the recent events that has been happening around the world involving the name of bitcoin and the whole of the cryptocurrency market. I think that it is true and very possible that if we want bitcoin to survive the wariness and the fear of a lot of people in bitcoin that we have to let it go and be regulated. Having regulations means compromise and to me of it means a chance for bitcoin to have its place on the future its a price I’ll pay

I do not believe that attempts by governments of different countries to regulate cryptocurrencies will be crowned with success. It should be understood that decentralization and delegation are the main qualities that attract a large number of people to cryptocurrencies. All of them will leave the market if it happens. What will the others do then? Those who support a regulation want the death of the cryptocurrency.

There is no problem in regulating cryptos. This may add security and protection to the users. But this may also lead to higher fees. As long as the fees are just I think there wont any problem with the regulation. As long as we are earning it is not a problem.

As we all know that the core concept of blockchain is all about decentralization and it doesn't make any sense to allow someone to regulate it. Yes, we are in the development phase and there are many issues right now but regulation is not the answer to these issues. In fact, it will kill the core principle of the blockchain. Governments and other authorities will try to eliminate it but they have their own reasons to do it.

being regulated or not being regulated has nothing to do with some rare cases of scam and fraud that involved bitcoin compared to all the rest of the legit usages of bitcoin that do exist out there.
and you want the possibility of it happening? it is 100% because it has already happened in multiple countries such as Japan for instance! and there is nothing stopping it from happening in the rest of the world also.

if crypto began to be set by the government or anyone else of course it would be a good thing for users crypto, as it will be made a rule to protect us from hackers or other cases.

I sometimes think the government should not ban Crypto but it needs to be set up so that the government also benefit from it.
but the rules are made not to complicate the user crypto.

By not controlling it, government risks its money being laundered. We all know how easy it is to convert FIAT into BTC and then sending it abroad. If we had to do it using the conventional method, then we would be asked tons of questions.

Although the government cannot regulate it, but it certainly can keep a check on the people by using a very rigorous KYC process. That way, exchanges can help the government in knowing which user is sending money where.
This obviously won't disrupt the regular users but would definitely worry the big fishes.

There are high possibilities that crypto will get regulated but it still isn't so famous as compared to stocks once when crypto becomes a worldwide sensation among many people regulation will take place for good reason so that the amount of scams reduce and people feel more safer while trading

It does not mean that no one can control it or anyone else can manage that's why there are few ways to break the cryptocurrency credibility that maybe government can relate to? And there are a few in the media doing the wrong news here to talk about and if you ask about in crypto you can find that lacking knowledge to it. How about you guys" what the other opinions you can contribute to?

that is probably the reason the government can not currently legalize bitcoin, many people are less responsible for criminal acts in crypto on behalf of bitcoin, so many are preaching that bitcoin is a negative thing, indeed the government takes a long time to can do a really thing mature action, and take a wise decision of course.

I think it makes sense to think about what we will do after the law on crypto-currencies is adopted. All should be identified, any transactions with exchange, purchase, withdrawal, can be carried out only by regulators. All other crypto-currency sites in this country will be blocked, otherwise the sense of the law simply disappears.

There still a chance that cryptocurrencies will be regulated in whole world, though there are some illegal doings and they are using bitcoin to trick the people to invest on it because of its growing value. But if the government and people will help each other to utilize the bitcoin by regulating a right way there will be a higher possibilities that bitcoin will be part of the currency that we are using and be specified only in online, as bitcoin is part of an online and digital currency.

cryptocurrency won't be able to fully regulated by the government because it is decentralized.
a decentralized platform should not be able to controlled by one centralized system like government.

I think that many here express the correct opinion that sooner or later the crypto-currency market will be regulated by the governments of different countries. First of all, it will be necessary for them to do so to prevent the commission of illegal transactions and various frauds. Also, governments will want to regulate for taxation and income from this activity.

Exactly. Regulations will be healthy for btc in the long run. We'll all benefit it and i think it can even ensure that we can move forward into the future. Without regulations, crypto can easily fall to illegal activities which in the long run may cause its demise.

I don’t think it’s wrong to regulate Crypto, in fact it's a good thing to prevent Crypto misuse like regulating how an ICO should work and there's a legal body that can protect the consumer rights.

Perhaps things should be regulated by the government are ICOs and Crypto Exchanges, how should they work and benefit each other also the rights of consumer protection in case something happens and not one-sided law access. As we know many ICOs are scam and the investors are having difficult time to sue them, this is the role of government regulation should be.

Regulation would be great to prevent consumer losses or even money embezzlement, this will narrow the scammers and criminals. Regulations can also provide security when joining the ICO, if anything happens then we can file a complaint to the regulatory authorities to follow up on that matter, the legal process also will be easier if the regulation has been made.

maybe to avoid scam and fraudulent, cryptocurrency need the community regulations for crypto.
so that still have a regulations, but not from government. if government regulates the crypto, im afraid it wont be decentralized anymore.

Am a fan of those that has been clamouring for regulations of cryptocurrency so that it can be more protective, we have so much i c o coming out without no reason or proper coin with good use case... All this should just stop so that people will be investing their hard earned on real project....

Regulating a bitcoin is a depend on each and every individual country and they are government policies sum of government is very Eega about regulating the Bitcoin and some of approaching this regulation.

With the regulations of crypto, for now now the governments are reluctant to accept cryptos. What i see in the future is a time where crypto will be of high demand and countries will have no other option than to accept cryptos for transactions. What governments will probably do is to regulate the price changes in crypto.

Tax authorities do not have the right procedures and do not really know how to deal with cryptocurrencies. Laws and regulations concerning taxes are very outdated and cannot be implemented properly on cryptocurrencies. It will take a lot of discussion to come up with the right  regulations, but cryptocurrencies will be regulated.

) - The European Union stands ready to regulate crypto-currencies if risks from the sector are not tackled at the global level, the bloc's financial services chief said on Monday.
The 2018 tax season is already going to be a headache for all investors, especially day-traders, due to the IRS closing the possibility of crypto-to-crypto exchanges falling under the “like-kind” provision of the tax code in IRC Code Section 1031.
To read more:
https://www.google.com/amp/s/www.forbes.com/sites/forbestechcouncil/2018/03/06/how-to-save-crypto-through-thoughtful-regulation/amp/

Of course the possibility of regulating cryptos is very high especially on the time of mass adoption. Government will not allowed anything beyond his control. Yes they may not able to control blockchain technology but the process of getting into cryptocurrency and the requirements and even the internet mapping.  They can control so many factors covering crypto processes. But I guess it's ok, no need to panic if your a legit person trying to make out something better in crypto.

thinking that bitcoin cannot be controlled by the government is wrong. If the government decided to ban trading sites and announced to not support bitcoin, there would be no companies that will do it. You now have an useless asset.

That's true. Indeed, Cryptocurrencies can be regulated. But I think blockchain is a regulation-friendly. So If there will ever be regulation of digital assets like Bitcoin, It would only be on via centralized organizations /service providers like exchanges and banks that offer Bitcoin purchases. That can be countered by trading via peer to peer on decentralisation. What I'm trying to say is, It can be regulated but only to a certain level. Not a full blown regulation.

Possible it can happen if we really want this community to grow the only thing is to be regulated by these governments.Because regulations are going to be the key so that those potential investors will come to our doorstep;Scammers and other shit people needs to be controlled,permanent ban for all the cheaters and nothing more.

I'm not think there is any chance they will regulate crypto coins, because from the beginning they have opposed it and continue to fight crypto coins...

it can be a very big possibility when some bitcoin ugliness happens there will be a set, as the UEA will now regulate the development of crypto in their country and plan to adopt it. If some other countries are interested it might follow.

The reason for the big price crash was because the regulators clamping down on ICO's and China issuing statements against certain uses for crypto in its country. It's not just China issuing laws, the U.S is also heavily handed in its regulatory crackdown on  
Crypto related projects, some but not all including ICO's and other  similar investing platforms. The regulations are happening right now as we speak. This is the year of regulation, so expect guidance in the near future. The price will certainly stabilize if regulators push in favor of crypto, but if they push against it, potentially more decline on the way.

The regulation of the crypto market may be delayed but I do not think it will stop happening.
I hope that the regulation that comes up does not stifle and put an end to the freedom, decentralization and profits that so attract investors.

It seems that its becoming less and less unlikely that crypto will escape requlation, fr them to operate well,They will have to anwer to the Government and the institutions,as long as they aren't banned, Regulation seemed way too certain

its beeing controlled and regulated anway.

coinmarketcap doesnt list everycoin, it wants an established userbasis,

exchanges also dont list every coin,

they dont even list neutrally

enough regulations in existance already

someone should write together the existing regulation that are not consciously released by a higher authority but just by the interests of the established parties.

It will be a long discussion, that is true. But it will still end with them (the government) regulating it.

KYC's are the start of it. Some crypto currencies now are being forced to do it just so they could advance with their business.
Another would be wallet websites that allows withdrawal thru bitcoin to USD. This wallets will have to get more information from users for them to withdraw larger amounts.

Yes most of the time that crypto is getting a bad stigma from the government, they assume that crypto can trigger a crime in a much bigger degree. But in my opinion the education of crypto becomes much more important because then people will be able to use crypto well. After that the application of the verification system in the exchange can be a good alternative, so the crypto users will be more controlled, especially for those who will make a deposit and also withdraw.

The problem is that most regulators continue to talk about bitcoin in outdated terms.

Bitcoin has the potential to create a whole new paradigm in the world of Finance – the largest technological innovation in many years.

The entire ecosystem of cryptocurrencies is developing so quickly that regulators do not have time to react even to current events, let alone planning. Legislators are preparing to establish rules for conditions that have no precedent, which are difficult to understand in their current form, and which are likely to be gone tomorrow.

Bitcoin requires a whole new way of thinking and a much more flexible approach on the part of the authorities, so that it can legally develop in the free market and provide its benefits to everyone.

I think crypto trading and crypto transactions might very well be regulated in the future. Regulation when it comes to trading/investing is already in place when it comes to dealing with USD but i think new regulations will be implemented to cover non USD trading too.  Futhermore, i think governments will try to implement regulation to remove the anonymity of transactions because it limits their ability to track money.

It will be regulated but that itself does not make sense much, regulations in crypto have limitations, eventually I think there will be a regulated side on one hand, and on the other hand there will be an are left unregulated.

In order for cryptos to grow and be accepted by large corporations, they need to be regulated, it's as simple as that. Do you really think corps like Amazon, Apple and Microsoft are going to put their hands in the fire whilst Bitcoin and cryptos are still largely unregulated? Of course not, as there is a lot to be lost (and also a lot to be gained), but corporations are by their very nature cautious.

Governments around the world have signaled their ongoing or immediate intentions to legislate and regulate cryptocurrency worldwide, and it seems that the largest banking and financial companies are waiting for further clarity before they go ahead with plans to enter the market.

Countries like Russia continue to move with the creation of their own government-issued cryptocurrency, which they can fully control. Others, like Venezuela, are forced to do so to counter unmanageable inflation that has crippled its economy.

Opposing a decentralized and anonymous system, the creation of a government-controlled cryptocurrency is the only option for them to be able to regain control of the multiple controls that have been submitted to daily cryptocurrency users.

The latest news is not very comforting. Most countries come to the conclusion that cryptocurrencies should be regulated quite strictly. In the United States at the end of 2017, legal loopholes for non-payment of taxes on cryptocurrency trading were closed, so from 1 January 2018, all cryptocurrency trading in the United States will be subject to capital gains tax, including the exchange of one cryptocurrency for another.
The draft laws will be considered in Russia. For example, the Ministry of Finance proposed to limit the initial placement of funds through ICO. Today, together with the Central Bank, they presented a bill in which they proposed to designate the crypto currency as "other property" and regulate it accordingly. These restrictions will probably start operating next year.  :-[

It is true that cryptos are not yet easily to regulate as of now specially to the other country's that already banning it. Unfortunately, the reasons why it is hard to regulate Cryptos as of now is because of some other people that are doing scamming and foolish things to others by using cryptos. However, I think that it has a chance to happen in the future when this system will be much enhanced and fully developed. Let us give much more time to this.

In that matter where in regulating cryptos, I think this is not the right time for that because as long as there are people that can do bad things to others using cryptos I think that is impossible to happen. However, even the situations is like that there are certain numbers of people that using cryptos in their country. So hopefully it will also a chances that cryptocurrencies will be regulated all over the world.

As hardly as it is but it how it works. Well aside from they are being cautious, they need to evaluate each of its possibilities that might happen, to think that they don't want something to happen, and just waste all their efforts over nothing, they will remain neutral and wait for proper regulations.

Regulating cryptos is very nice things to happen but I think that it will needed much more, more time for doing that because for now there are the certain reasons why it's not already legalizing in other country's. Maybe it will take 5 years from now or maybe earlier than this because as a matter of fact we cannot predict what will going to happen in the future so for now we just need to do is help this system to meet it's massive adaptation and legalization therefore regulating cryptos will surely be happen in the near future.

Many countries are already trying to regulate cryptocurrencies
But until now, the effects are still being tested. This requires continuous improvement and it is impossible to succeed once.