possible government regulations?

[Caladonian]

No I do not think there will be any regulations to be honest because its something they cannot forbid and its also becoming bigger and bigger and its good for the economy in my eyes.

Yeah it's true that bitcoin community is getting bigger everyday and we are also hopijg that no government will interfere with us otherwise there will be such a lot of changes and maybe even our freedom in bitcoin will taken away.

I am also against the government cryptocurrency control. Knowing the government's methods, I'm sure it's no good will not. While some see this as a positive. And they say that since the Government recognizes Bitcoin

don't need to worry,bitcoin system is decentralized,it will can't be controlled by the government unless government are owning the majority of coins and even having majority of mining powers,otherwise the control is not fully functional and useful to do anything

Thats the good news because it can be controlled by anyone whos not really a major holders of the coin the only thing is they can make some ruling inside their jurisdiction if ever they will do some regulation for sure it will affect the chain.

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[praboso96]

I do not like the fact that the state taxable cryptocurrency. I'm not ready for that either morally or financially. Let the state controls its own currency

[goldcoinminer]

I do not like the fact that the state taxable cryptocurrency. I'm not ready for that either morally or financially. Let the state controls its own currency

Just don't worry too much yet, the possibility of bitcoin to be tax is low, as in low. They cannot control us because people who supports love the concept of having privacy and freedom in transacting online, in bitcoin or crypto world we are the government and non other.

[South Park]

I am being imaginative, but can government intervene mining? or even replace tax with mining fees if bitcoin becomes the main stream of economy,m since bitcoin transactions are hard to tax?

Which government do you refer to?

In many countries like the United States or European Union Bitcoin is already regulated to some degree. Regarding Bitcoin becoming mainstream, this is unlikely to happen any time soon because it apparently means displacement of fiat currencies, but no government will ever agree to this. Why would they want to replace the currency which they can fully control with something they can't control?

Yes,  I am agree with you friends.  That will be bad deal for them. Goverment need the tax to build infrastructure of their country but some of country are take high rate in tax. They will get difficulty to trace bitcoin transaction. Goverment  will choose the one that can give them benefit and full of control. The fact is bitcoin give so many advantage to the users but no to goverment.

What if there is an evil geek that will enter the politics and make a law about taxing the cryptocurrency industry, just a wild imagination my friends.

A law like does not seem to be necessary since any income you have is supposed to be declared to the tax office in your country even if you end up paying no tax you must inform of all your income.

[clickerz]

A law like does not seem to be necessary since any income you have is supposed to be declared to the tax office in your country even if you end up paying no tax you must inform of all your income.

That is true. What I do not like with government sometimes is that they are making the citizens as a milking cow. They are always thinking how to get money the populace. Goverment may have a good intention but not now.

[achow102]

A law like does not seem to be necessary since any income you have is supposed to be declared to the tax office in your country even if you end up paying no tax you must inform of all your income.

That is true. What I do not like with government sometimes is that they are making the citizens as a milking cow. They are always thinking how to get money the populace. Goverment may have a good intention but not now.

Yes, you're right. Citizens will earn Bitcoins hard work, and the government simply does not have the income investing with Bitcoins. It's not fair. I do not want government controlled cryptocurrency

[xIIImaL]

A law like does not seem to be necessary since any income you have is supposed to be declared to the tax office in your country even if you end up paying no tax you must inform of all your income.

That is true. What I do not like with government sometimes is that they are making the citizens as a milking cow. They are always thinking how to get money the populace. Goverment may have a good intention but not now.

Lol, simply government utilize them as the currency machine by paying taxes. Even normal wage people are also getting affected by that.

[kryptqnick]

I think that if Bitcoin becomes more popular, some countries will try to regulate it. For example, licences on online casinos using btc is one of such regulation. They may try to control Bitcoin as well by buying (or just owning already) strong mining pools. I thing that is btc is to be use in supermarkets, they can add some taxes and just insert them into the price of goods.

[Victorycoin]

A law like does not seem to be necessary since any income you have is supposed to be declared to the tax office in your country even if you end up paying no tax you must inform of all your income.

That is true. What I do not like with government sometimes is that they are making the citizens as a milking cow. They are always thinking how to get money the populace. Goverment may have a good intention but not now.

Going down memory lane, it has always been like that, government are tax masters, they can hardly support anything that holds nothing for them. That explains their indifference to bitcoin and their earnest desire to come up with their own version of bitcoin, which without any doubt, would be more of a Trojan Horse. 

[serjent05]

I think that if Bitcoin becomes more popular, some countries will try to regulate it. For example, licences on online casinos using btc is one of such regulation. They may try to control Bitcoin as well by buying (or just owning already) strong mining pools. I thing that is btc is to be use in supermarkets, they can add some taxes and just insert them into the price of goods.

This is very possible.  And as long as we cannot use bitcoin directly to buy stuff and the need to convert it to fiat money when in need of buying something, the government imposing regulation to bitcoin users will be easier.  They can just control the third party processor into imposing taxes to all the conversion we made.

[Xester]

I think that if Bitcoin becomes more popular, some countries will try to regulate it. For example, licences on online casinos using btc is one of such regulation. They may try to control Bitcoin as well by buying (or just owning already) strong mining pools. I thing that is btc is to be use in supermarkets, they can add some taxes and just insert them into the price of goods.

This is very possible.  And as long as we cannot use bitcoin directly to buy stuff and the need to convert it to fiat money when in need of buying something, the government imposing regulation to bitcoin users will be easier.  They can just control the third party processor into imposing taxes to all the conversion we made.

Bitcoin has failed. Bitcoin is the future. Bitcoin cannot be regulated. Bitcoin needs to be regulated. The debate over what will happen to the decentralized virtual currency has reached a cacophonous point, and now lawmakers around the world are wondering whether the time has finally come to regulate this emerging technology.
Since bitcoins is also money, a digital money. rules must be impose so that the users can also be protected, since many scammer of bitcoins was always free to do their dirty tricks.

[mirakal]

I think that if Bitcoin becomes more popular, some countries will try to regulate it. For example, licences on online casinos using btc is one of such regulation. They may try to control Bitcoin as well by buying (or just owning already) strong mining pools. I thing that is btc is to be use in supermarkets, they can add some taxes and just insert them into the price of goods.

This is very possible.  And as long as we cannot use bitcoin directly to buy stuff and the need to convert it to fiat money when in need of buying something, the government imposing regulation to bitcoin users will be easier.  They can just control the third party processor into imposing taxes to all the conversion we made.

Bitcoin has failed. Bitcoin is the future. Bitcoin cannot be regulated. Bitcoin needs to be regulated. The debate over what will happen to the decentralized virtual currency has reached a cacophonous point, and now lawmakers around the world are wondering whether the time has finally come to regulate this emerging technology.
Since bitcoins is also money, a digital money. rules must be impose so that the users can also be protected, since many scammer of bitcoins was always free to do their dirty tricks.

Bitcoin will remain to be decentralized, that's the only difference that we like compared to the other payment processors online. Since it's decentralized we are confident that no one will see our account and will know our real identity, with this people are wanting more privacy now and they loses their trust with the banking system especially the rich people.

[Doms]

All these regulations done by the government just makes it obvious that they a want a piece of what the bitcoin owners have. If they can't centralize it, might as well find ways in which they can extract something from it. That's were regulations come in. If all else fails, the government might create a digital currency of their own and force people to use it.

[diegz]

All these regulations done by the government just makes it obvious that they a want a piece of what the bitcoin owners have. If they can't centralize it, might as well find ways in which they can extract something from it. That's were regulations come in. If all else fails, the government might create a digital currency of their own and force people to use it.

If governments are interested in bitcoin, they've already put it in mainstream and starts to adopt it, sad to say they are not doing it, that's why we are still here, and it might mean that they are not interested in bitcoin, if they are going to create one to regulate bitcoin, it is not for themselves for sure, they will do it for the sake of their people, so they won't be scammed and could still pay tax at them...  , You might be right that government might create their own digital currency.

[Gyfts]

Correct me if I'm wrong anybody, but I believe the IRS wants you to put digital cyrpto currencies under taxable income if you have any type of significant amount of Bitcoin. Still, many people do not do this. It's a light governmental regulation, but nonetheless, it's a regulation.

[MONKEYJUNK]

Correct me if I'm wrong anybody, but I believe the IRS wants you to put digital cyrpto currencies under taxable income if you have any type of significant amount of Bitcoin. Still, many people do not do this. It's a light governmental regulation, but nonetheless, it's a regulation.

I think you already have to pay it to government however it's an anonymous coin, you can hide and be happy.
There's a lot of thing in bitcoin that government hate, they have no control about it.

[Bugor2]

Correct me if I'm wrong anybody, but I believe the IRS wants you to put digital cyrpto currencies under taxable income if you have any type of significant amount of Bitcoin. Still, many people do not do this. It's a light governmental regulation, but nonetheless, it's a regulation.

I think you already have to pay it to government however it's an anonymous coin, you can hide and be happy.
There's a lot of thing in bitcoin that government hate, they have no control about it.

the government will try to ban Bitcoin, but I hope that they will not work. Too much damage brings cryptocurrency national banking system

[tee-rex]

I think that if Bitcoin becomes more popular, some countries will try to regulate it. For example, licences on online casinos using btc is one of such regulation. They may try to control Bitcoin as well by buying (or just owning already) strong mining pools. I thing that is btc is to be use in supermarkets, they can add some taxes and just insert them into the price of goods.

I don't think that it will be an easy ride to tax or regulate those online casinos. They are easy to spot but hard to find, as with any other online business which may not have physical presence at all. What could a government do to such a business if it is incredibly popular among the populace but its owners live halfway around the world?

They might try to block access to the site, but that's pretty much they can basically do.

[xIIImaL]

Correct me if I'm wrong anybody, but I believe the IRS wants you to put digital cyrpto currencies under taxable income if you have any type of significant amount of Bitcoin. Still, many people do not do this. It's a light governmental regulation, but nonetheless, it's a regulation.

Who knows, this may happen if the government agree bitcoin as centralized currency and centralized medium of money transaction. But bitcoin organization and miners will not allow this to happen as I know, because they are people get affected because of your mentioned future scheme in tax

[audaciousbeing]

In as much as we are happy that the popularity of Bitcoin is getting larger and larger and corporations coupled with countries are getting interested in what is happening in cryptoworld, then I tell you the regulation is coming and its closer than it seems. Because I tried registered on some exchange sites for trading, for verification alone that have taken away my anonymity in which Bitcoin rests upon that even when the regulation is not high. Maybe when its fully here, even this forum might start asking for KYC but hopefully the advantages will outweigh the cost.