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Author Topic: [2017-04-06] Does Regulation Slow Down or Accelerate Adoption?  (Read 393 times)
byt411
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April 06, 2017, 11:08:31 AM
Last edit: April 06, 2017, 12:25:02 PM by byt411
 #1

Recently, many countries and cities have published new laws and legislations to regulate bitcoin. Does this help contribute to mainstream adoption, or is it merely a hindrance to it?

http://bitcoinist.com/regulation-slow-adoption-humaniq/
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Iranus
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April 06, 2017, 11:20:37 AM
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The link comes up with an error when you try to open it.

Regulation could do either, depending on how governments act in their regulation.  For example, recently many people have been talking about new laws in Japan giving Bitcoin recognition by acknowledging that it has features of a currency (a move that most other countries are yet to take, generally having unclear stances or regarding it as an asset).  However, the law's actual practical purpose is introducing regulation on exchanges and making users of Bitcoin more open to the government to regulate (as it is now legitimised by them).  This law seems to be accelerating adoption though.

In other cases regulation may slow it down, like China's plans to regulate Bitcoin exchanges closely.  So my point is that it's mostly based around how governments phrase it, rather than what they actually do.
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April 06, 2017, 12:25:16 PM
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The link comes up with an error when you try to open it.

Regulation could do either, depending on how governments act in their regulation.  For example, recently many people have been talking about new laws in Japan giving Bitcoin recognition by acknowledging that it has features of a currency (a move that most other countries are yet to take, generally having unclear stances or regarding it as an asset).  However, the law's actual practical purpose is introducing regulation on exchanges and making users of Bitcoin more open to the government to regulate (as it is now legitimised by them).  This law seems to be accelerating adoption though.

In other cases regulation may slow it down, like China's plans to regulate Bitcoin exchanges closely.  So my point is that it's mostly based around how governments phrase it, rather than what they actually do.

Whoops. Sorry, fixed the link.
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April 06, 2017, 04:09:16 PM
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Most definitely will accelerate adoption for all the legitimate businesses and of course will block all the open channels for criminal/ illegal activities but not completely, so it does help bitcoin and the legit communities and will scare away those people trying to do more harm than good further more.

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Kprawn
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April 06, 2017, 05:05:20 PM
 #5

Well, if you want to find the answer to that.... you should have to look at the impact that BitLicense had on companies in New York, when it was

announced. They left New York and moved to states and countries where regulations were more Bitcoin friendly. It is not regulation that is

slowing down Bitcoin, but rather the OVER regulation of the technology.  Angry

freebitcoin.TO WIN A  LAMBORGHINI!..

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April 09, 2017, 11:19:29 AM
 #6

Most definitely will accelerate adoption for all the legitimate businesses and of course will block all the open channels for criminal/ illegal activities but not completely, so it does help bitcoin and the legit communities and will scare away those people trying to do more harm than good further more.

so how exactly does any regulation will accelerate adoption?
and how will it scare away people that are trying to do harm ,you made me laugh,not going to lie
so if the goverment regulates the use of bitcoin and  declares that you have to pay tax on your profit
this would help further adoption,right?
either naive or just filling in post quota for the week

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