Bitcoin Regulation

[coins4meh]

Sandeep Goenka, cofounder and chief operating officer at Zebpay said:
“The increasing awareness of bitcoins worldwide, particularly about its revolutionary technology, has triggered a rally in the bitcoin market...Japan has now added itself to the list of countries that have regulations for bitcoins. Due to these positive factors, bitcoin prices have been showing tremendous strength.”
  Meaning further rise!

[coins4meh]

Also, it's been said that Peach Aviation, a Japanese airline, will be accepting bitcoins as payment for plane tickets.

[joshy23]

We already knew this. Japan is the "rock" for bitcoin ecosystem now. And we will be seeing Australia in July 1. So another positive news that will push further the price of bitcoin. And Japan, its not regulation, its adoption and treating it as legal tender or currency. What we need is another country that will become a bitcoin friendly to get bitcoin to another stratosphere to push for another growth.

[iamTom123]

We already knew this. Japan is the "rock" for bitcoin ecosystem now. And we will be seeing Australia in July 1. So another positive news that will push further the price of bitcoin. And Japan, its not regulation, its adoption and treating it as legal tender or currency. What we need is another country that will become a bitcoin friendly to get bitcoin to another stratosphere to push for another growth.

I am hoping that soon two or more countries would be following the steps taken by Japan relative to Bitcoin accepting it as a form of currency and this resulted with many exchanges to be opened soon. Japan is a good country because they realized early on that Bitcoin can bring on many economic benefits.

[foxbat]

Sandeep Goenka, cofounder and chief operating officer at Zebpay said:
“The increasing awareness of bitcoins worldwide, particularly about its revolutionary technology, has triggered a rally in the bitcoin market...Japan has now added itself to the list of countries that have regulations for bitcoins. Due to these positive factors, bitcoin prices have been showing tremendous strength.”
  Meaning further rise!

This is contributing to the development of bitcoin, people will learn more about bitcoin, whereby the number of users increase, the demand is also growing faster. We can see it as a stimulant for the development of bitcoin.

[Ciccotelligc]

what we need IMO is acceptance of the bitcoin as a legal currency but also respect from the authorities towards it's functioning and that they don't seek contronl of it.

[cryptoheadd]

I am hoping that soon two or more countries would be following the steps taken by Japan relative to Bitcoin accepting it as a form of currency and this resulted with many exchanges to be opened soon. Japan is a good country because they realized early on that Bitcoin can bring on many economic benefits.

India's next. Our government is working on legalizing Bitcoin and regulating Bitcoin companies.

what we need IMO is acceptance of the bitcoin as a legal currency but also respect from the authorities towards it's functioning and that they don't seek contronl of it.

No government trusts what they can't control and they can't control Bitcoin.

[shield132]

Also, it's been said that Peach Aviation, a Japanese airline, will be accepting bitcoins as payment for plane tickets.

Really? When will we be able to see so great sensation? The fact that airline company (doesn't matters japanese or another country's) means a lot, this is a big and serious step, this means bitcoin will soon be integrated by many services. It will be interesting if they'll see increasing of their clinets after accepting bitcoin payment.

[bouren]

Sandeep Goenka, cofounder and chief operating officer at Zebpay said:
“The increasing awareness of bitcoins worldwide, particularly about its revolutionary technology, has triggered a rally in the bitcoin market...Japan has now added itself to the list of countries that have regulations for bitcoins. Due to these positive factors, bitcoin prices have been showing tremendous strength.”
  Meaning further rise!

Yes it is.
Due to increased use of bitcoin by common folk, government is bound to take step by either banning or legalizing bitcoin. Japan was first to move further in this respect and chosen legalizing which is pretty much justified as bitcoin has minimal side-evils and maximum benefits. Now several more countries are ready to take step further which ultimately raise power and value of bitcoin.

[coins4meh]

Also, it's been said that Peach Aviation, a Japanese airline, will be accepting bitcoins as payment for plane tickets.

Really? When will we be able to see so great sensation? The fact that airline company (doesn't matters japanese or another country's) means a lot, this is a big and serious step, this means bitcoin will soon be integrated by many services. It will be interesting if they'll see increasing of their clinets after accepting bitcoin payment.

Not sure when yet. Was reading up on bitcoin news yesterday and came across this.

[itsallpc]

Sandeep Goenka, cofounder and chief operating officer at Zebpay said:
“The increasing awareness of bitcoins worldwide, particularly about its revolutionary technology, has triggered a rally in the bitcoin market...Japan has now added itself to the list of countries that have regulations for bitcoins. Due to these positive factors, bitcoin prices have been showing tremendous strength.”
  Meaning further rise!

Also following Japan,China and Russia have dropped their plans of banning bitcoin and have started regulating bitcoins.Soon other countries too would realize potential of bitcoin and start accepting bitcoin.

[Kakmakr]

Japan is only the first step and the pioneers for open-minded governments to follow. We always see this when a new technology is introduced. People fear the unknown and we need pioneers like Japan to lead the way. The internet went through the same phase and look at where we are now. < The Internet is global now >

There are already signs out there that India and Russia is considering opening it's doors to Bitcoin. The regulation is always a few steps behind the new technologies that are introduced. ^smile^

People has to be patient, this will take some time and it will most probably happen as soon as proper regulations are introduced.

[kidoseagle0312]

Sandeep Goenka, cofounder and chief operating officer at Zebpay said:
“The increasing awareness of bitcoins worldwide, particularly about its revolutionary technology, has triggered a rally in the bitcoin market...Japan has now added itself to the list of countries that have regulations for bitcoins. Due to these positive factors, bitcoin prices have been showing tremendous strength.”
  Meaning further rise!

Having a rules about in bitcoin, its just a normal thing or usual things only.It is nice to hear that because of Japan decision to make bitcoin become currency to their country Is one of the biggest factor happen and edge too to all bitcoin community. ANd now bitcoin becoming more tremendous too also.

[AGD]

There is no Bitcoin regulation as long as you keep using Bitcoin for your transactions. The regulation can only refer to the exchange of Bitcoin into FIAT.

[SoulBargain]

We already knew this. Japan is the "rock" for bitcoin ecosystem now. And we will be seeing Australia in July 1. So another positive news that will push further the price of bitcoin. And Japan, its not regulation, its adoption and treating it as legal tender or currency. What we need is another country that will become a bitcoin friendly to get bitcoin to another stratosphere to push for another growth.

I am hoping that soon two or more countries would be following the steps taken by Japan relative to Bitcoin accepting it as a form of currency and this resulted with many exchanges to be opened soon. Japan is a good country because they realized early on that Bitcoin can bring on many economic benefits.

Considering Japan having wise decisions and strong economy that will surely click to the ears of the countries around the globe to follow up and would not let themselves left behind. This will also let them take a look once again that this might help them grow their respective economies. Though some countries are busy thinking how they will regulate -- more like how they will put a tax on it.

[talkbitcoin]

Japan adopting bitcoin as a legal method of payment is one thing but the effect they had on the rest of the world is another thing that people forget to mention.

if you followed the news, you can see that as soon as Japanese started treating bitcoin better a lot of other countries started to show the same attitude towards bitcoin. some more than others.

[KennyR]

Japan adopting bitcoin as a legal method of payment is one thing but the effect they had on the rest of the world is another thing that people forget to mention.

if you followed the news, you can see that as soon as Japanese started treating bitcoin better a lot of other countries started to show the same attitude towards bitcoin. some more than others.

Yeah, following Japan's regulated usage of bitcoin more Countries have made plans of legalizing bitcoin within their country. Once again Japan have made better plans of doubling the current usage of bitcoin and digital currencies as it has found itself​lacking behind China and Korea even after legalizing.

[iamTom123]

There is no Bitcoin regulation as long as you keep using Bitcoin for your transactions. The regulation can only refer to the exchange of Bitcoin into FIAT.

Yes, of course. We all know this when we talk about regulation. In USA, the government will not tax you if you are just holding on to your Bitcoin but once you sell them to the dollar then you have to pay some taxes because in all probability you gain something as profits.

The government is well aware that they could not really shutdown the operation of Bitcoin so why waste time why not instead put some regulations on the transactions? This can be a win-win situation actually.

[hurain]

Also, it's been said that Peach Aviation, a Japanese airline, will be accepting bitcoins as payment for plane tickets.

Really? When will we be able to see so great sensation? The fact that airline company (doesn't matters japanese or another country's) means a lot, this is a big and serious step, this means bitcoin will soon be integrated by many services. It will be interesting if they'll see increasing of their clinets after accepting bitcoin payment.

yes that is very right to say we are going to see the day very soon. in fact all the big companies are now thinking about bitcoin to accept bitcoin in their business, they are now really taking serious steps towards bitcoin and hope that very soon they are going to consider bitcoin as legal currency.

[AGD]

There is no Bitcoin regulation as long as you keep using Bitcoin for your transactions. The regulation can only refer to the exchange of Bitcoin into FIAT.

Yes, of course. We all know this when we talk about regulation. In USA, the government will not tax you if you are just holding on to your Bitcoin but once you sell them to the dollar then you have to pay some taxes because in all probability you gain something as profits.

The government is well aware that they could not really shutdown the operation of Bitcoin so why waste time why not instead put some regulations on the transactions? This can be a win-win situation actually.

Thats what I said (see bolded part)

edit: What I mean is, that there is no such thing as a "Bitcoin Regulation", but only a "FIAT Regulation". If governments would try to regulate Bitcoin transactions and/or put a tax on it, they will certainly fail.