possible government regulations?

[Shenzou]

Even the amazing progress that bitcoin have done since its first appearance and the high price that has reached , governments will never agree on making it an international currency the reason for that is the bitcoin is something they can not control and it is not manged by a specific company or portion of the market and besides they will never agree on china becoming a very strong country since it dominates the bitcoin market

[South Park]

Most European governments, if they have not include provisions in their legislation they follow european directives. I believe that till now keep ‘wait and see’ policy and they expect another one EU directive too whether the occupation and bitcoin trade brings income so taxation is matter of time.

If in fiat there is money laundering, is there any possible way in bitcoin world is there also case for those people who are carrying too much bitcoins in thier wallet due to thier illegal activities? I think just like bank, the rules in international bank will slso apply by the government on bitcoins. I think putting tax on every transaction was on the number 1 list of the rules. but the question is how much could it be? And if you purchase using bitcoins, aside from transaction fee, how much is the additional payment for tax?

But with bitcoin we have complete control over our money how are they going to collect such taxes from every transaction? Remember they don't control the network so they cannot simply impose whatever rules they like.

They can impose taxes to sellers build and keep their sites, so the sellers will increase the price of their stuff. In the end the buyer will need to pay more per product because the government taxed it.

It's much possible this can happen when Bitcoin become more popular, the governmenr always create ''creative'' ways to take more money from the population, the imagination is the limit for them, and unfortunelly there isn't much we can do against them.

In theory we are already paying those taxes unless you mean that the government will put in place a law stating they are going to charge lets say a 5% tax on every purchase done with bitcoin in any store physical or electronic.

[DRaGoN RaNTaRo]

Even the amazing progress that bitcoin have done since its first appearance and the high price that has reached , governments will never agree on making it an international currency the reason for that is the bitcoin is something they can not control and it is not manged by a specific company or portion of the market and besides they will never agree on china becoming a very strong country since it dominates the bitcoin market

if the government could control the exchanges then they will have control over the bitcoin and it is as simply as that,they could make a law to regulate the digital exchanges and voila now everything is under the watchful government eyes, anything and everything is possible 

[freedomgo]

Even the amazing progress that bitcoin have done since its first appearance and the high price that has reached , governments will never agree on making it an international currency the reason for that is the bitcoin is something they can not control and it is not manged by a specific company or portion of the market and besides they will never agree on china becoming a very strong country since it dominates the bitcoin market

if the government could control the exchanges then they will have control over the bitcoin and it is as simply as that,they could make a law to regulate the digital exchanges and voila now everything is under the watchful government eyes, anything and everything is possible 

The only control they have is to let the exchange sites comply with the taxation law. They have income so they need to pay taxes.

[Caladonian]

Even the amazing progress that bitcoin have done since its first appearance and the high price that has reached , governments will never agree on making it an international currency the reason for that is the bitcoin is something they can not control and it is not manged by a specific company or portion of the market and besides they will never agree on china becoming a very strong country since it dominates the bitcoin market

if the government could control the exchanges then they will have control over the bitcoin and it is as simply as that,they could make a law to regulate the digital exchanges and voila now everything is under the watchful government eyes, anything and everything is possible 

thats true if this can be done for sure government will make many changes inside crypto because exchange really played big
in terms on how the value will go,.

[goldcoinminer]

Even the amazing progress that bitcoin have done since its first appearance and the high price that has reached , governments will never agree on making it an international currency the reason for that is the bitcoin is something they can not control and it is not manged by a specific company or portion of the market and besides they will never agree on china becoming a very strong country since it dominates the bitcoin market

if the government could control the exchanges then they will have control over the bitcoin and it is as simply as that,they could make a law to regulate the digital exchanges and voila now everything is under the watchful government eyes, anything and everything is possible 

thats true if this can be done for sure government will make many changes inside crypto because exchange really played big
in terms on how the value will go,.

Maybe we have to define what is "control", I mean if the government will control then where's the decentralization. It should only be limited because bitcoin is just a currency and bitcoin should not be controlled but only those people who are not following the law must be controlled.

[deisik]

Even the amazing progress that bitcoin have done since its first appearance and the high price that has reached , governments will never agree on making it an international currency the reason for that is the bitcoin is something they can not control and it is not manged by a specific company or portion of the market and besides they will never agree on china becoming a very strong country since it dominates the bitcoin market

In my opinion, governments can't really do much toward promoting (or demoting, for that matter) some arbitrary currency as an international currency. The US dollar has become an internationally recognized reserve currency not because the US government colluded with other governments to make it that (though they did in fact collude at the Bretton Woods conference in 1944). It became that because of the power and might of the US economy, in the first place, and not because of Bretton Woods. And if Bitcoin is set to achieve the world scale success, it won't be due to governments agreeing on making it an international currency. In other words, the power is not given, it is taken...

But what is certain, the governments won't be quite happy if Bitcoin actually gets to that level

[Kotone]

Maybe in the future this can happen but I do not think it will, we really need some patient and just hope on the best, most likely in the future there will be some!

Goverment will never impose taxes if they want to then they going to create an another blockchain where all the transaction are going to be made again so our fee's are going to be cut or minus and if this really happen in the future most of user are going to quit trading because of the taxes are apply.

[South Park]

Even the amazing progress that bitcoin have done since its first appearance and the high price that has reached , governments will never agree on making it an international currency the reason for that is the bitcoin is something they can not control and it is not manged by a specific company or portion of the market and besides they will never agree on china becoming a very strong country since it dominates the bitcoin market

if the government could control the exchanges then they will have control over the bitcoin and it is as simply as that,they could make a law to regulate the digital exchanges and voila now everything is under the watchful government eyes, anything and everything is possible 

They already control the exchanges albeit indirectly since they  have KYC know your customer policies and the exchanges probably report all your earnings in their platform, so those that do not want to be monitored by the government need to avoid exchanges like the plague.

[Mastsetad]

if the government could control the exchanges then they will have control over the bitcoin and it is as simply as that,they could make a law to regulate the digital exchanges and voila now everything is under the watchful government eyes, anything and everything is possible 

Controlling exchanges is totally a different thing, just by having control on exchanges they cannot control bitcoin. Do you think that owners of all the exchanges out there has control on bitcoin? Ofcourse not, they just have control on the bitcoins they have but they don't have control on the bitcoin network which is the main thing.

[equator]

if the government could control the exchanges then they will have control over the bitcoin and it is as simply as that,they could make a law to regulate the digital exchanges and voila now everything is under the watchful government eyes, anything and everything is possible 

Controlling exchanges is totally a different thing, just by having control on exchanges they cannot control bitcoin. Do you think that owners of all the exchanges out there has control on bitcoin? Ofcourse not, they just have control on the bitcoins they have but they don't have control on the bitcoin network which is the main thing.

Ya it is true that controlling exchanges is different from controlling Bitcoin technology, but government can track all the records of the users who ever uses the regulated exchanges which is  good and bad both ways

[usefrees]

if the government could control the exchanges then they will have control over the bitcoin and it is as simply as that,they could make a law to regulate the digital exchanges and voila now everything is under the watchful government eyes, anything and everything is possible 

Controlling exchanges is totally a different thing, just by having control on exchanges they cannot control bitcoin. Do you think that owners of all the exchanges out there has control on bitcoin? Ofcourse not, they just have control on the bitcoins they have but they don't have control on the bitcoin network which is the main thing.

Ya it is true that controlling exchanges is different from controlling Bitcoin technology, but government can track all the records of the users who ever uses the regulated exchanges which is  good and bad both ways

the government has a lot of opportunities. And if they want to be able to control it all. Including Bitcoin course. So I do not want the government to interfere in cryptocurrency

[mirakal]

if the government could control the exchanges then they will have control over the bitcoin and it is as simply as that,they could make a law to regulate the digital exchanges and voila now everything is under the watchful government eyes, anything and everything is possible 

Controlling exchanges is totally a different thing, just by having control on exchanges they cannot control bitcoin. Do you think that owners of all the exchanges out there has control on bitcoin? Ofcourse not, they just have control on the bitcoins they have but they don't have control on the bitcoin network which is the main thing.

Ya it is true that controlling exchanges is different from controlling Bitcoin technology, but government can track all the records of the users who ever uses the regulated exchanges which is  good and bad both ways

the government has a lot of opportunities. And if they want to be able to control it all. Including Bitcoin course. So I do not want the government to interfere in cryptocurrency

Even if they want, I think they can't. They are violating our freedom if they do that, they can regulate some transactions involving bitcoin but not the entire  system of bitcoin, they can't change it from being decentralized  to centralized.

[X-ray]

Even if they want, I think they can't. They are violating our freedom if they do that, they can regulate some transactions involving bitcoin but not the entire  system of bitcoin, they can't change it from being decentralized  to centralized.

you're wrong if you talking about your freedom to government. they don't give a shit to that thing it's was for the sake of country's goodness and involving many people. an individual rights will not matter anymore. and it's true if they can't rule and regulate the whole system of bitcoin. they can't and will never be

[Xester]

I see that the main concern of the governments is to tax bitcoin and try to find a way to get a hold of it or at least get the least bit of authority or control over it. So as I see it, any gains made with bitcoin would be considered as a capital gain, which would then be subject to be taxable. Also, if the government goes batshit crazy, they would ask you to sign up your name at a single bitcoin address so that you won't be able to evade taxes that they impose.

There are two sides of the coin. It may have an advantage and disadvantage. If government creates policies regulating the use of bitcoin and taxing it is not a bad idea but countries banning the usage is very bad to bitcoins.
So regulations and tax on bitcoin may also be advantageous to bitcoin since many more people are going to patronize it. Scammers and hackers will be lessened and our bitcoins may be safer that will attract more users.

[batang_bitcoin]

Even if they want, I think they can't. They are violating our freedom if they do that, they can regulate some transactions involving bitcoin but not the entire  system of bitcoin, they can't change it from being decentralized  to centralized.

you're wrong if you talking about your freedom to government. they don't give a shit to that thing it's was for the sake of country's goodness and involving many people. an individual rights will not matter anymore. and it's true if they can't rule and regulate the whole system of bitcoin. they can't and will never be

That's why they will just make rules and regulation for the usage of bitcoin and not the entire bitcoin system. And that's were we will be taxed or something regulated and governed by the government. If that is already implemented then even if don't want it, we don't have choice but to follow what they are implementing, just think that we are helping them.

[deisik]

Since bitcoin and other digital currencies are such a game changer for the traditional economics systems, could there be any government policies that can be devastating to this new market? and even if governments in North America or Europe might not be able to do such things, how about policies from other more centralized countries that could bring the same effect?

I think goverment will never create a regulation about bitcoin and the matter of fact that goverment don't really cares what will happening in bitcoin now as long as they are earning in real world and if they are going to charge trading and transaction well let's wait until the news further.

Who knows. Since bitcoin is affecting people and been used by people, for sure government might create or formulate a law. Though they never care about bitcoin,  but if it is affecting the community, and there are crimes (theft, or worst than that ) that happens because of bitcoin, for sure they will do something and create a law  to mitigate the problem.

And to mitigate the problem would mean to ban Bitcoin, right?

Crimes happen not because of Bitcoin but because there are criminals (or wouldbe criminals until they get caught and convicted). Blaming Bitcoin is like blaming the gun and not the guy who pulled the trigger. Though you are right, at least to a degree, that governments don't care and more often than not just don't want to deal with the real causes of a problem

[South Park]

Since bitcoin and other digital currencies are such a game changer for the traditional economics systems, could there be any government policies that can be devastating to this new market? and even if governments in North America or Europe might not be able to do such things, how about policies from other more centralized countries that could bring the same effect?

I think goverment will never create a regulation about bitcoin and the matter of fact that goverment don't really cares what will happening in bitcoin now as long as they are earning in real world and if they are going to charge trading and transaction well let's wait until the news further.

Who knows. Since bitcoin is affecting people and been used by people, for sure government might create or formulate a law. Though they never care about bitcoin,  but if it is affecting the community, and there are crimes (theft, or worst than that ) that happens because of bitcoin, for sure they will do something and create a law  to mitigate the problem.

And to mitigate the problem would mean to ban Bitcoin, right?

Crimes happen not because of Bitcoin but because there are criminals (or would be criminals until they get caught and convicted). Blaming Bitcoin is like blaming the gun and not the guy who pulled the trigger. Though you are right, at least to a degree, that governments don't care and more often than not just don't want to deal with the real causes of a problem

Correct, and why the government doesn't want to deal with the real problem? Because they can get more power because of it. If there is a lot of crimes governments can ask for more taxes and more intrusive laws and people give in because they want those things to stop but it doesn't.

[serjent05]

Since bitcoin and other digital currencies are such a game changer for the traditional economics systems, could there be any government policies that can be devastating to this new market? and even if governments in North America or Europe might not be able to do such things, how about policies from other more centralized countries that could bring the same effect?

I think goverment will never create a regulation about bitcoin and the matter of fact that goverment don't really cares what will happening in bitcoin now as long as they are earning in real world and if they are going to charge trading and transaction well let's wait until the news further.

Who knows. Since bitcoin is affecting people and been used by people, for sure government might create or formulate a law. Though they never care about bitcoin,  but if it is affecting the community, and there are crimes (theft, or worst than that ) that happens because of bitcoin, for sure they will do something and create a law  to mitigate the problem.

Now you are blaming bitcoin as cause of crimes.  Anyway whether it is bitcoin fault or not, when bitcoin become popular and being used by majority of the citizen, the government can not do anything but to implement rules and regulation on usage of bitcoin.  this mainly for purpose of "protecting" their citzien while imposing taxes to every earnin made in bitcoin. 

[dothebeats]

That would be shit if they would also put value added tax into bitcoin purchases. Here in our country, it's already 12% of what the original price of the item is. If we are gonna add that amount into bitcoin purchases then I don't think people would be enticed to use bitcoin thereafter. Also take into consideration on what they're planning which is really nuts: capital gains tax. Since bitcoin is considered as an investment tool, you must declare any profits you have and give a portion of it to the government, lol.