Bitcoin Forum

Hi all!

People in this forum and in many other discussions are fast to talk about the 'need for regulations'.

Most of the times it is in connection to mass adoption and for price speculation ideas.

Is regulations really only for Bitcoin to increase in price? What about the whole idea about a P2P currency without governments and banks being involved as a middle man .... Regulations issued by authorities, is that not only for the old system to take control of this emerging p2p currency market? I dont know but why should Bitcoin be regulated by governments and other authorities according to you?

In simple terms, the reason why bitcoin enthusiasts believe that the price will increase after regulations are because people, in general, relate bitcoin to scams, drugs, weapons, etc. so when the government make rules about it, more people will go into the bitcoin market out of confidence and trust in the government which will eventually result in more demand and give us a price increase.

That could be a valid theory but not necessarily and as we can see, bitcoin has been growing for the past few years and all that was based on the strong community and dev team we have.

Bitcoin will be regulated over time, there wouldn't be a uniform implementation of the rules since every country might have different approach on crypto.

My analysis tells me that the global effect would be positive, people who are potential to adopt crypto will start using it with confidence, and also investors in different part of the world would be confident in investing knowing they have government to protect them.

I will completely change from negative to positive, the system is decentralized and we don't need the government for it to function, but if we are talking about real adoption, we need the government to grow, we just have to choose, we allow to be regulated or they will eliminate bitcoin completely.

Bitcoin already can be used for P2P payments. For example I can buy a chair from some stranger and pay him with BTC. Unfortunately, we are not always buying stuff from other people, that are not working as a single organization.
But when you are coming to the shop then you are probably buying the same chair in the shop then this shop probably should have its own bank account and most of its transactions would be somehow related with this bank.
In this case proper regulations would help the shop to accept crypto.

I guess that last part is the key question. Can they even eliminate bitcoin completely? Would not the effect of such measures be the same as trying to remove the pirate bay?

Most money would not move in to an area that's either free of regulation or carries uncertainty. That's the way of the world. It could carry on doing what it's doing just fine without that money.

Most regulation relates to when BTC interacts with regular currencies. You can use it entirely free of regulation, no proper wallet or transaction can be regulated, but until the scene develops further and becomes more of a closed loop you're likely to bump up against regulated services.

So with that said, you mean that regulations mostly is about AML questions?

Regulations is not needed for bitcoin and it won’t fit it. This has been repeated many times unless we want to defeat the aim of decentralization and privacy then we will be heading back to the old monetary systems. What can be regulated is the bodies that trades these assets like exchnages and the likes to safeguard people’s funds.

I think this is possible when BTC become regulated the right amount of tax will be put on every BTC that we use and thay we buy. So that tax are going to become a national fund and make to increase the fiat value. Imagine the number of BTC users and investors that every country will have. This is a huge help to increase the fiat money value and I think this may the reason for the less income of bitcoin investors.

Partly but also at some point exchanges will be subject to rules about preventing dodgy trading such as the ones that already exist in stock markets. And anywhere that has custody of customer coins may be expected to adhere to certain security or insurance standards.

Regulation isn't just about irritating people. It can also be for their protection.

Because of the number of regulatory issues being discussed, many are wondering what that will do to the value of bitcoin. BTC doesn’t operate in a vacuum. Regulatory decisions will affect bitcoin’s price. Bitcoin uses peer-to-peer technology to operate, without central authority or central banks managing bitcoin transactions and publishing is done collectively by the network.

There is a difference between regulation and over regulation. I will only talk about regulation here because I truly believe, only regulation can help us achieve the true use of bitcoin, a p2p currency!

A majority of the merchants today don't accept bitcoin in their stores just because of its confusing legal status in many countries. Some also believe that bitcoin is banned worldwide because terrorists use it. There are lot of misconceptions floating around bitcoin just because there is no regulation and education available for it.

I strongly believe, bitcoin needs to be used as a currency sustem in order to grow holistically. The major roadblock is the absence of regulation. We can't buy our daily goods using bitcoin because no stores in my country accepts it. If my government decides to regulate it, buying daily goods using bitcoin will become a reality, which will increase the use of bitcoin as well as the demand!

Government regulation is solely needed for bitcoin's own good!

In general I am against "regulations", but not regulations per se, but more against the narrative that regulations will increase the price of bitcoin which is in line iwth the whole digital gold idea which I dont really see being the true point of bitcoin. The idea waS for it to be a p2p currency, not a p2p digital gold! Just my opinion here, obviously there are good points made about the digital gold narrative too. Anyhow ...

I bolded the most interesting point you made there. I am willing to agree to that statement. I think that the key note is regulation and over regulation. What many fail to realise, not saying you, but authorities, is that the ledger traces all transactions and BTC is not anonymous and in a way a not the most clever approach to AML questions. However, privacy coins COULD be but it kind of falls under the same roof of physical cash, to some extent.

Thanks for sharing your thoughts.

I think it's not much of a talk about the price, but about adoption. While Bitcoin is compared to top payment systems, at the current rate of growth of users it needs more than 20 years to reach the number of users of Apple pay. If we want Bitcoin to be used as money, we need governmental recognition of it. So that people can receive income in BTC, declare BTC as their savings when applying for visas, pay with BTC in online shops etc. Unlegalized status is a big obstacle for these things.

One reason I see is because bitcoin is already being used by people as a means to get more of their local issued currency by means of speculation and trading. If we kept the idea of 1 BTC = 1 BTC and people haven't discovered its speculative properties, we may have flourished as a strict P2P currency system without government intervention, however since people are using bitcoin to get fiat and vice-versa, that's when governments feel the need to step in. With this, regulations are somewhat painful compromise we as a community have agreed to ever since people exchanged bitcoins to fiat, and that is back in 2010.

In my opinion, BTC will never replace FIAT in that way. I dont think that was the point either. The point is to coexist and be an alternative I guess (?). So no compromise really made, right?

With bitcoin regulation, it will be less likely to be used for scam and illegal activities since it will be punisheable by law. The reason why government is not fully agreed with crypto is that it can be used illegally imagine if a big crime money will be moved via crypto, it is less likely to be tracked since it is decentralized and users are anonymous.

Bitcoin regulation wont stop illegal activities, those who want to do illegal activities basically do not care about the law. Far away before bitcoin was launched, illegal activities were done using fiat money.
If what you mean by regulation is that bitcoin transactions will be traceable by the government then I dont think bitcoiner will be agree with the regulations. One of the main benefit of bitcoin that makes many people invest their money and use bitcoin is about its anonymity.

I agree completely. Replacing FIAT is out of the question in my opinion. Bitcoin was designed to serve as an alternate payment solution to FIAT, gold etc by providing users complete anonymity while conducting their financial transactions.

Regulation to an extent can help Bitcoin which is why I am not completely against it.

Dont know why people do forces out that thing about Bitcoin replacing Fiat yet this thing wont really happen even on our dreams.Traditional market would retain and as long there are
governments who do hold up, they wont really let those things to happen thats why dont really expect that this scenario would be plausible.Sad to say but in further for bitcoin to be recognized, regulation
is one of the ways.

We need regulation of cryptocurrency in any case. Without government regulation, people will only be able to send transactions in the cryptocurrency between themselves, business structures will not be able to use the cryptocurrency, since this issue will not be resolved for them and in the case of calculations in the cryptocurrency, they can be obliged to rally large penalties. Also, without government regulation, the infrastructure for using Bitcoin and other cryptocurrency as a means of payment will not develop at all. No one wants to risk if the cryptocurrency is not properly legalized. Therefore, for the further development of cryptocurrency without state regulation, that is, determining the official status of cryptocurrency and establishing the order and conditions of its circulation in the state, we cannot do.

There can be some regulations on the process to avoid such fraud transactions, related to illegal trades just like what OmegaStarScream mentioned at the very first post. Exchanges are mandated to comply with these regulations.

But for each individual, we are still good for p2p deals that no one can interfere. Since there's an outflowing money in the market, regulators would come and seek the interest out of it. In every emerging market, regulations do really come but this won't break bitcoins main character as decentralized cryptocurrency. They want to regulate the market that comes on their jurisdiction.

And that mindset when there's regulation, price will increase, you cant remove that. Once the gov't says it's a good type of store of value and it's legal, people who doubted it will come and try it.

There is a possibility of making some regulation without damaging concept of decentralization and p2p transaction. Experts may find some way to make crypto currencies user friedly and flexible and everybody may enjoy advantages of this kind of regulations.

Most people believe that if something is regulated by the government, it is safe. So in this instance, if crypto is properly regulated, those who have doubts about crypto will at least change their views about it. This will usher in greater adoption for cryptocurrency. Regulation will not affect p2p transactions.

what you are saying is true  . so in short regulation really help the price of bitcoin to go up  . regulation also have other good effects such as combating some frauds and scamming  .  combating abusers in the form of kyc  and others ...  however some says that regulation kills the anonimity of bitcoin and othe cryptos because it exposes us our identity like for example in the form of kyc we are requested to give our id's and selfies  .   regulation can be both good and bad   . 

A regulation would not be in the currency itself, but in the market that surrounds it. For example, regulate the exchanges, where all will charge documents, limits, and so on.

We only need the permit from the government, we actually don't need any regulation, bitcoin p2p transaction is the greatest transaction system, unfortunately not all governments are fond of this idea, they don't want something that they can't control, so in order to become big we need the government's permission and regulation also could increase the investors trust level

I agree "Bitcoin regulation wont stop illegal activities, those who want to do illegal activities basically do not care about the law. Far away before bitcoin was launched, illegal activities were done using fiat money. "

the talks about regulations and the way certain people think it is positive have only started in 2018 when price was going down  and everyone was becoming desperate thinking there is no way price can go up because it was the first time they were seeing a bubble. so they started looking for excuses that may increase the price, including regulations, ETF, SEC approval in general and a lot of silly things like that.

the fact is bitcoin was created in a decentralized way and its whole purpose is to not need any kind of regulations by any government in the world. so it is meaningless to talk about I!
at the same time regulations can affect the adoption and consequently the price of bitcoin. we have seen different cases of it. for example the Indian and Chinese restrictive regulations have slowed down the adoption while being incapable of stopping it and at the same time Japanese and... regulations have helped speed up the adoption and contributed to the huge rise of 2017.

because if bitcoin is not regulated by the government and the authorities, bitcoin can change the world economy which initially China and America controlled the world economy with the use of dollars in most of the world now Japan that controls the world economy because bitcoin from Japan is more widely used throughout the world

Just remember that not everyone is invested in Bitcoin to use it as a alternative currency. A lot of people are simply invested in Bitcoin for it's speculative value and the possibility for some huge profits and it is mostly those people that are promoting the introduction of government regulation.

They want to attract institutional capital investments, because they know it will have a significant impact on the price and institutional investments require a lot of regulation, before it can be invested into speculative assets or commodities.  ::)

we urgently need regulations


Because it's true


No, it is necessary to improve every crypto market. Let's put things in practice:

- you have $ 30,000 and you want to buy bitcoin, depending on the country where you live, you will have a lot of headaches to buy bitcoin, the banks of many countries create barriers for people who want to buy bitcoin. But if all the countries in the world legalized bitcoin, then people would easily buy bitcoin using their bank accounts.

- This:

My Bittrex account has been disabled. (https://bitcointalk.org/index.php?topic=2267728.0)

Yobit Scam withholding 10BTC (https://bitcointalk.org/index.php?topic=2718718.0)

MERCATOX BTC WITHDRAWAL (https://bitcointalk.org/index.php?topic=2730216.0)

Hitbtc.com is a scamsite- beware (https://bitcointalk.org/index.php?topic=2217068.0)

BiteBTC.com disabled my account for no reason (https://bitcointalk.org/index.php?topic=5124316.0)

Would you use those exchanges after you know what I've posted? But if we had laws overseeing the exchanges, then we would not have many cases like these and the exchanges would be doing good services


People on the internet when they have a little power become very arrogant, this is more than clear looking at the crypto world. so it is better to trust the police and the courts and for this we need clear regulation.


access to justice and security. if I'm going to buy Bitcoin, then I should have my bitcoins. If I am robbed then I can report the case to the police and get justice. We can not allow exchange owners to be anonymous and have anonymous addresses... where and how will you complain if you are stolen?

and to conclude, I will show the most serious case:

Lost blockchain.info wallet id, support ignores me (0.05 bounty for help) (https://bitcointalk.org/index.php?topic=5118220.0)

let's assume that Mr. Z was someone very wealthy and kept many bitcoins in the wallet of blockchain.com, and Mr. Z says to his wife and children: "The day I die, take the document that proves that I died and give to the support of the blockchain.com that they will deliver you all my bitcoins ". What do you think will happen on the day that Mr. Z die? the wife and children would deliver the documents to Blockchain.com support and Blockchain.com support would ignore them.

Yes, every day it becomes more evident that the crypto world is full of irresponsible, childish service providers and we urgently need laws. for serious and responsible people to enter this market

The decline in price of bitcoin within the 2018 bearish market made many to believe that regulations will bring more adoption of bitcoin which will lead to price recovery and increase, but that is just a speculation and has no basis. Because what make bitcoin unique in both operation and price is it decentralized nature and the freedom from government involvement.

I can't agree. Regulation of Bitcoin would give it legitimacy and sone legal security which would also lead to biger adoption, especially by businesses. Regulation doesn't affect decentralized nature of Bitcoin so there is no need for fear. Consequently positive regulation could affect also the positive corrections of price.

This virtual currency trading company, considers the discovery of bitcoin as revolutionary because there is no body or state that regulates it. Because it uses P2P networks, transactions between users occur directly without involving third parties, such as banks or other institutions.

But the government has pointed out a very solid ground to regulate Bitcoin. Everything might be slowly changing but it doesnt mean it will affect the price in a negative way, although the government might not only thinking about AML, as they could also monitize cryptocurrency by putting taxes in every transactions made in the exchange. Neverthless, it'll also help to the mass adoption of Bitcoin.

It can be a factor that we can consider for the bitcoin price increase, but obviously there are still a lot of factors.


The very disadvantage of bitcoin is that it is mostly being used for illegal activities, therefore through regulations the government can somehow take control of the bitcoin market flow within their territories. By that being said it will/might lessen the problem. If bitcoin is being regulated tho, it can really affect how bitcoin user's actions and that is exactly the main reason why most of the bitcoin users doesn't liked it. (Full control = No  Freedom)

Just like what is currently happening to China, government can really be so toxic sometimes especially if it involves money.

There are certain loopholes tho for the current government regulations for the different countries. Most of the concerns are tax evasion and you can easily hide your wealth(by the power of all mighty bitcoin)

Different States and government will eventually have their own policy as regarding bitcoin operations, this is not to alter the original vision of the bitcoin, which off course can't be altered. We have seen many unregulated, unregistered exchanges trading bitcoin and using such platforms in conducting IEO and some other business, and sometimes few of these exchanges get hacked or the owners just  vanished to into the thin air leading to scam, all these have caused untold emotional trauma to both traders and investors, fearing to invest in the future. The government need to roll out frame works about Cryptocurrency in other to protect investors from scammers and some other elements.

A best reason why this market should be regulated well. We believe on this and if the government support this one we know its going to be a good services. But i guess we are far from this, so far we are doing good despite of no regulations. The value of bitcoin will be more expensive when this happen, its possible.

Eventually bitcoin regulations can make the price go up. Since the government is regulating bitcoin, then this will give high adoption of bitcoin from the world. Regulation can make bitcoin not used in some sort of drugs and illegal activities.

Bitcoin is the mother of altcoin will be have positive effect for all of altcoin price if bitcoin have regulated and allowed in many country for transaction payment,by allowing bitcoin as transaction payment will be more easy to get much profit with altcoin.

If we speak of Bitcoin as money, and with a price that is thousands of times higher than any national money, no state can stand aside from the process of their circulation. The state will be forced to either ban them if they see a threat to their economy in them, or allow its circulation on its own terms. There is no third. If you try to resist this, the state will declare you a criminal, and you will be in prison. Therefore, it would be best if the state officially determines the legal status of cryptocurrency and the conditions for its circulation in the state. With such regulation, the cryptocurrency will be able to develop further, it will be able to spread to business areas, without regulating the business structure they will be afraid to use cryptocurrency.

it is absolutely true that bitcoin should not need to be regulated by other parties or the government, and maybe the rules only aim at security.

If you really newbie to this field, then you will feel when you intend to invest in bitcoin. The first thing thay you will consider is legality of bitcoin in your country, I confidence this thing is so important for you to know because this will make you comfortable when you invested it wuthout any fears to the government regulation next.

I found many times when invest in bitcoin then the goverment regulation are the most information that I waiting for especially in my country. You may right for those investors will have a purpose to it, goverment accept bitcoin and the price soar and make them reach. But in other side the regulation will make you believe to the bitcoin and have a confidence when the price goes down.

Without regulation from the states that simultaneously legitimize their circulation in this state, the cryptocurrency simply cannot continue to develop. It will continue to be basically a speculative means, not a means of payment. In order for a cryptocurrency to be accepted for payment in various outlets, the state must create an appropriate legal framework, and this is achieved simultaneously with its regulation.

but so far the only things regulation in most countries have done was to impose hardship to adoption by taking outrageous taxes and add lots of limitations. not to mention that bitcoin is decentralized and it should always thrive no matter what the government says you should or shouldn't do with it. that is the whole point of creating bitcoin this way in first place.

The main reason is for the bitcoin to be adopted more easily as the government provides every individual to have a fall back by regulations rather than losing or being scammed as it is considered to be tech savy for laymens

adoption and regulation is needed not only for price hike but also for its wide usage!
remember that

Agreed on that mate,bitcoin will be the future currency but Fiat of paper money will remain as traditional transactions are in need of this mode of Payments

And besides cryptocurrencies needs being online means internet and electricity must be in action for the transactions be succeeded while traditional will not.regulation can be done for recognition but with our concent as crypto community,so the people of the government cannot take advantage of the situation

No. Not all regulation is good, first of all. You could have regulation that essentially makes it extremely difficult for people to use bitcoin or use it to transact, which obviously hinders the growth of the network in certain countries.

Secondly, regulation doesn't mean that banks or governments become middlemen. The regulations are placed on third parties who use bitcoin as a means of exchange, not on the network itself. Since it is decentralized there is really no way of actually doing this, even if governments tried.

Positive regulation in a specific context that encourages businesses to adopt bitcoin, or to give out licenses to businesses could be beneficial, and as a result, lead to the value of BTC increasing in the short term as the markets generally over-respond. However, short term rise in value isn't the ultimate objective whatsoever.

Yeah it is a good thought of yours to regulate the p2p transactions to get away from using banks and other third party services. However, we should start first in bitcoin and later on we will be able to reach that point the same as with the other crypto especially if they will also submit an application for regulation and for adaption.

Though we know that it is not easy to meet the requirements but if this will push through then doing transactions using the P2P scheme would b e great and easy.

i will always be against the regulation of the btc, is born to be anonymous, and i don't think it would influence its value in any way...

I believe when we talk about regulation of bitcoin, we are talking about regulation of the whole cryptocurrency structure and not only about price stability as insinuated.
Icos can be regulated.
Cryptocurrency exchanges can also be regulated.
So it's not all about price.

regulation can stabilize the value of btc  . so no ,  but regulation isnt only meant for this purpose  .  regulation also helps reduce scamming and other frauds  . this could be better done on ico and other crypto coins that are not yet established because this can give them a credibility .  regulation also helps people to gain trust and if they have trusted the project , more people are expected to invest  . this helps out the adoption to grow  .

regulation is trully beneficial but it think this kills the real purspose of cryptos which is being decentralized  .

Surely the price will soar higher, simply when bitcoin becomes a government authority means that the government has directly supported bitcoin and the public will start to know bitcoin. Bitcoin is more controlled, and crime can be minimized

That cannot be assured, it depends on the type of regulation, if this will not be approve by the community
because such regulation is not pro crypto, I doubt it will result to a positive effect in the price of bitcoin. Not because it's regulated
price will rise automatically, that always depends on the law within the regulation.

Regulation of Bitcoin and other cryptocurrencies is necessary for the cryptocurrency to continue to evolve. Bitcoin can do without regulation and legalization on the part of states, however, it will remain at the level of its use by individual citizens. For the mass adoption and use of the regulation is necessary. It is not necessary that the cryptocurrency will lose its anonymity. Regulation and legalization of cryptocurrency means the official determination of the status of cryptocurrency, as well as the establishment of the conditions of its circulation within the state by orders. However, of course, over time, due to the establishment of various additional restrictions, the level of anonymity of cryptocurrency will fall.

If you set Bitcoin, a simple change will occur.  If you can not "move" with Bitcoin you will look for a currency that does this

Regulations made by the government solely to oversee the circulation of BTC used for legal activities are not illegal. The term is that all transactions using BTC or activities related to BTC are legal. And the government cannot mix hands, in my opinion, the government actually gives free access to BTC in the region. The biggest role of the government will be supervising, not taking control.

And in my opinion, if the government legalizes and provides clear regulation on Bitcoin, the best impact is mass adoption and use of BTC as the mainstream of transactions. This will trigger price increases,

Regulations will be a concrete proof that bitcoin will be at real but not in connection with fiat value. Bitcoin is a digital currency which might be a conflict of used with fiat in terms of payment system. But fiat will remain at its high position which it is still the most favorable currency to used at this time knowing that only few establishments where accepting cryptos.

It is not jsu for the price in Fiat it is for mass adoption.
Of course we are all aware that regulation would increase the number of investor and number of business that would accept it as a payment and it would lead to a huge price increase.
But it isn't just about the price increase that we want , we want it so that we could use it to almost every transaction that we would do even in real life .

The government must regulate circulating bitcoin to ensure all digital financial markets are safe and not used for criminal activity. Bitcoin and P2P currencies are very vulnerable to use by criminals. In order for people to have confidence in Bitcoin, the government must make cryptocurrency regulation.

As far I know, Bitcoin can not regulated because its decentralized and there is no headquarter. I think regulation can apply in bitcoin trading in market or exchanger. If government regulate cryptomarket, i am believe investor will more confident to invest and this will attract big investor or financial institution

There are 2 kinds of people. One who supports regulation and the other who doesn't. So if and when bitcoin is regulated by the governments, we might expect any of the following.
1. People will start buying bitcoin and altcoins since they will be regulated and hence safer to use.
2. People will start selling their coins since it will then involve middle man like banks and governments which might void their anonymity.

Only time will tell us what majority of the people think about cryptocurrencies.

Regulation for the cryptocurrencies seems to be inevitable because of the recent meeting of a group of nations to create a global law for the use of virtual coins. Almost all of the financial systems inthe world is heavily regulated and I will not be surprise if the cryptocurrency sector will also become regulated someday. The aim of regulation, according to some governments is to stop some people in using coins for their money laundering and other illegal activities.

Bitcoin can negatively impact Altcoin when it increases or decreases. If Bitcoin is accepted all over the world and used in all trades, it will cause its price to go up, and negatively affect the price of Altcoin so you can't make a profit on Altcoin/BTC.

actually the wide scale "talks about regulation and relationship of that with adoption" is only a recent thing that mainly started in 2018. prior to that date you never saw this much enthusiasm for government intervention and restrictions on the market!!! and i believe the main reason for that is the price drops and the fact that at some point for some reasons that i don't know, people started thinking regulations is the only way the "drops" that were going on in 2018 could stop and price can reverse. so basically what these people have been and still are begging for is to get their money back which they lost because they bought into the bubble.

Regulations are indeed a factor for price movements, a major one cause it causes FUD much more it does in helping boosting confident of the market, bitcoin is naturally messy for such use case, the need of identifying businesses, transactions to avoid unlawful activities. Bitcoin's price are heated up and there's nothing government can directly interfere due to its global availability, people will still somehow trade bitcoins with fiat as long there's demand on the raise.

I don't think that the only purpose of Bitcoin regulation is value.
We have come to the stage when Bitcoin can't be left on the margins anymore and governments are aware they have to formaly include it into society and economic processes somehow. That is why it has to be regulated and put into some legal framework. Without regulation Bitcoin and other cryptocurrencies would stay informal and something that is not formaly accepted and adopted and this is not good.

Good observation. Seems most didn't understand the purpose of Bitcoin/cryptocurrency before joining this space. Or they probably did understand but greed got hold of them. . It's a little bit frustrating to keep reading their posts.

Anything blockchain related that does not revolve around the principles behind bitcoin should not be taken seriously.

there are some countries that want to supervise bitcoin through government and authoritarian states because bitcoin can be used as a means for corruptors to laundering the proceeds of their crimes because the role of government and state authoritarian is very much needed to monitor all existing transactions

Regulations will just make the main goal of crypto currencies weaker. But then again, how will using crypto currencies be legalized if there is no regulation? We can't deny that crypto currencies are being used for illegal activities but isn't fiat also used for committing crime? The only difference is that we know what people does and easy to trace if using fiat. But when they use crypto currencies it becomes difficult for us to trace them and god know what kind of crime are they committing.

Regulation will make the use of bitcoin for illegal activities reduce drastically and increase its demand as many investors who are willing to trade in the cryptosystem will see it as an advantage for them to come in without any fear. Without regulation those who believed that bitcoin is a scam can't be confident of using it for any transaction. So aside from price I believed there are many other merits.

Bitcoin might not have its physical form but Bitcoin is real with or without regulations and it has a connection with fiat because people use fiat to buy and sell bitcoin .


No it does not bring any conflict to fiats but instead these two currencies are perfect combination .we need fiats for offline transactions while we need bitcoin for online transactions  .


Yes .  fiats are the most used currency and no cryptos cant replace it not even bitcoin  .

That's all fine and dandy, except if you want institutional investors, mass adoption, etc, then regulations are needed.
Freedom without laws is anarchy, just as laws without freedom is tyranny. Instead, both parties tend to profit if
   there is a mutual agreement somewhere down the line for either two to coexist. In the case of Bitcoin, it's beautifully transparent, yet subtlety private and reserved in some aspects.
    It isn't the most user friendly, but it's something members of parliament across the world can somewhat collectively agree upon, that being, the blockchain itself, being the real game changer, not Bitcoin "PER SE".
 Bitcoin only seems to be a unique proof of concept, providing an excellent working model of a Blockchain ecosystem. Probably why Nakamoto made the whole project open source.
  Just a theory

The purpose of governments regulations is to secure people to being fraud and protect people from any cybercrime, but this kind of regulations will also attracts more people to use bitcoin because they will see it as save investment and at the end it will make the price of bitcoin rise. It will make bitcoin price rise but indirectly.

Some people who have an interest in using cryptocurrencies are negative, they do use cryptocurrencies as a media for corruption so that the transactions they carry out are not tracked and are not monitored by the authorities. every thing must have a negative side and there is a positive side, so it depends on ourselves in wisely responding to the use of cryptocurrencies.

Didn't people on here want Wall Street involved? What has happened since then? BTC has stagnated at about the price it was when those rumors started. Wall St. can make trillions of "paper" btc and then short them or sell them off and destroy BTC. Governments can regulate it to the point that no one would want to bother using it. For example, you can use BTC at a store, but you must have two forms of ID, bring a utility bill confirming your address, a bank statement which confirms the btc were purchased by you using a legitimate exchange etc.

Most people don't think of drugs, terrorism or even gambling when they think of bitcoin. They think of "Tulip Bulbs". Only time and a consistent price will cure that impression. If it were to skyrocket this year or next the average Joe who doesn't own any will think "oh here the tulip bubble goes again" and be praying for a crash. Give it another decade though, and even the average person will have to admit there's something to this. Governments taxing it and KYCing it to death won't make people think it is worth anything. Only time and more people owning it can do that.

Why we believe that regulations will lead to high price of bitcoin is because when government regulate bitcoin that will burst the confidence of the general public toward bitcoin, since all this while people have hard bad image of bitcoin and have related bitcoin to only negative operations but when it regulated there will be a set rules that will guide bitcoin activities.

I have not really seen the need for government's involvement in Bitcoin or Crypto-currency. If government should introduce some form of regulations in cryptoccurrency, then the essence of blockchain technology will be forfeited. And there will be nothing like decentralization. Although fraudulent activities from bad eggs in the crypto space is the reason why people are glamouring for regulations

Partner between State and Crypto would never work.  But the state using Blockchain technology, as it already uses in Brazil to store identifications, would be something wonderful.