What happens if BTC gets regulated?

[bitbunnny]

Bitcoin will never be regulated by the state. Perhaps the state will try to create their own crypto currency and they will be monitored by the government. Don't know how it's going to have the trust of the people, but such currency will be more stable that's for sure.

That is no true. There are already some countries where Bitcoin is already regulated, like Netherlands and some US states, Japan. And there is no harm in Bitcoin regulation, that could only benefit because it would lead to biger addoption, especialy in businesses, and then you can divide legal from illegal Bitcoin operations. Regulation doesn't mean centralization that many users have fear.

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[Reid]

This is the thing I'm really waiting for, it's time for bitcoin to get recognition and regulation so that it can be beneficial for the economic progress of the country and people. the presence of bitcoin will improve the system of transactions between countries.

Is it really the time for that. I am kind of afraid to what will happen if ever the whole world and government of their countries will do that regulation. Somehow I am not confident yet that it will really be a change. It became mostly an asset and not a currency so there might be a problem into making it as a payment option.

[RayvenPierre]

If bitcoin becomes regulated by the government that would mean higher fees due to taxes. And some people will take it negatively due to the high price of bitcoin the tax will surely eat a large part of it which would mean a lot less profit from your investment.

[Baofeng]

Bitcoin will never be regulated by the state. Perhaps the state will try to create their own crypto currency and they will be monitored by the government. Don't know how it's going to have the trust of the people, but such currency will be more stable that's for sure.

That is no true. There are already some countries where Bitcoin is already regulated, like Netherlands and some US states, Japan. And there is no harm in Bitcoin regulation, that could only benefit because it would lead to biger addoption, especialy in businesses, and then you can divide legal from illegal Bitcoin operations. Regulation doesn't mean centralization that many users have fear.

I think in Japan its already legalized as legal tender. That's why you see a lot of business in Japan has already started to accept bitcoin as payment just like their Yen. Japan has already set the bar high as to how a country can "regulate" or "legalized" bitcoin. Yes, regulation doesn't mean centralization. Regulation is there to check and see to it that you have not violated lets say AML law or your country. So its really far fetch for me how bitcoin can be regulated or "controlled" by the government. Its either they ban or accept bitcoin. IMHO.

[_Legendary_]

Of course this is good news, if any country officially regulates bitcoin then this will indirectly become a state recognition of bitcoin. I hope japan and south korea soon make regulation about bitcoin.

[pereira4]

Bitcoin will never be regulated by the state. Perhaps the state will try to create their own crypto currency and they will be monitored by the government. Don't know how it's going to have the trust of the people, but such currency will be more stable that's for sure.

That is no true. There are already some countries where Bitcoin is already regulated, like Netherlands and some US states, Japan. And there is no harm in Bitcoin regulation, that could only benefit because it would lead to biger addoption, especialy in businesses, and then you can divide legal from illegal Bitcoin operations. Regulation doesn't mean centralization that many users have fear.

The notion of bitcoin being regulated is a fallacious one. What you are talking about is fiat to bitcoin exchanges being regulated. This is not the same as "Bitcoin is begin regulated". You can't regulate the protocol.

You can work for bitcoin, get paid in bitcoin, and buy something from someone with bitcoin, without the government being able to do anything about it. That's the whole point of bitcoin.

[chesegrinder]

im not shock if strippers now a day accept bitcoin as a payment or tips, as criminals do. We are in the world where technology is leading which step-by-step people are taking and adopting it whether they like it or not.

In my opinion bitcoin cannot be regulated by the government,  you can buy anything using bitcoin, work and get paid with bitcoin without the government or banks cant do about it. maybe government will can regulate the exchange of bitcoin to fiat money, but regulating it system, i think they can even touch it.

[Kisanaq]

If true and happening, of course bitcoin prices will skyrocket to hundreds of percent in a short time. Everyone will hunt for bitcoin because there is already a special regulation about bitcoin. I hope someday soon will get regulation from the country.

[Katherine_ms]

will be taxed, lose the grace

[zoolz]

Bitcoin is already regulated in many places, so it could be said once it's regulated it will keep following the path it's on right now.

[jasindu36]

I feel it would be good if it gets regulated by government. Peoples will think It would be safe to use or safe to invest. When KYC is mandatory for Btc it will be more safe to transact.

[Pab]

It depends what way.For example EU removed VAT tax it was kiling,in China bitcoin is recognised like a virtual good,in Vietnam it will be legal way of payments,to much regulation may hurt btc

[Mr. Legendaris]

Hopefully this is happening soon, bitcoin get special regulation from the state or world financial institution like IMF so make bitcoin become hope of future.

[bajing]

Hello,

Just read somewhere that BTC is accepted by strippers now? lol


I wonder what will happen if it gets regulated by the government? value would go down? perhaps consolidation?

Overall , what's the general outlook? Obviously, I understand it'll be personal opinion but still. Go ahead and share. I'll get to learn something new.

I think they keep using bitcoin as a means of payment, it's possible the government only applies the rules to tax taxes from the exchange sites because only there they can track bitcoin transactions. and value would go down? of course not, just the opposite if many porn site accept bitcoin it will make the price rise.

[KEPLER99]

If bitcoin becomes regulated by the government that would mean higher fees due to taxes. And some people will take it negatively due to the high price of bitcoin the tax will surely eat a large part of it which would mean a lot less profit from your investment.

I am not sure exactly whether this thing will ever happen or not, but let us suppose that this thing will happen then I must say there will a lot of difficulties as well. The most basic problem which we will be facing will be the payment of tax and all that stuff which will result in depreciation of our money.

[YuginKadoya]

If bitcoin becomes regulated by the government that would mean higher fees due to taxes. And some people will take it negatively due to the high price of bitcoin the tax will surely eat a large part of it which would mean a lot less profit from your investment.

I am not sure exactly whether this thing will ever happen or not, but let us suppose that this thing will happen then I must say there will a lot of difficulties as well. The most basic problem which we will be facing will be the payment of tax and all that stuff which will result in depreciation of our money.

I am thinking the same that bitcoin would never be regulated, because government would surely want a system that they can control or monitor Well maybe because their purpose on not regulating bitcoin so they can surely prevent people from using it the wrong way or criminals to be using it in their country, and they are really preventing that to happen.

[leonix007]

Bitcoin will never be regulated by the state. Perhaps the state will try to create their own crypto currency and they will be monitored by the government. Don't know how it's going to have the trust of the people, but such currency will be more stable that's for sure.

That is no true. There are already some countries where Bitcoin is already regulated, like Netherlands and some US states, Japan. And there is no harm in Bitcoin regulation, that could only benefit because it would lead to biger addoption, especialy in businesses, and then you can divide legal from illegal Bitcoin operations. Regulation doesn't mean centralization that many users have fear.

The notion of bitcoin being regulated is a fallacious one. What you are talking about is fiat to bitcoin exchanges being regulated. This is not the same as "Bitcoin is begin regulated". You can't regulate the protocol.

You can work for bitcoin, get paid in bitcoin, and buy something from someone with bitcoin, without the government being able to do anything about it. That's the whole point of bitcoin.

Yeah, some people here got confused, Bitcoin can never be regulated but the users like exchanges has been already started out regulating them,

what I am worried about is the rules they might be implemented with these exchanges as some governments are exaggerating taxes and withdrawals

limitation they are focusing on money laundering purpose.

[BurstIncomeAsset]

If BTC gets regulated then it will have a space in the mainstream market and maybe the ETF will be accepted. Common people will be less scary about BTC and will buy it.

Since the inception the regulations only increased, just like the price.

[Dhaaaw]

I don't see how would bitcoin benefit if it gets regulated. It is still unknown what will happen in the next year/ two years or even when the last bitcoin will get mined so i dont think that governments would take the risk and make laws about something that is so unstable as bitcoin, so getting regulated is probably not going to happen.

[BTcSD]

for me that will be a disaster ,regulations and rules will ruin bitcoin and other alternative coins for sure . i am against this decision like to be free form any government or banks rules .