Bitcoin Forum
November 22, 2017, 09:36:56 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: 1 2 3 4 [All]
  Print  
Author Topic: Can bitcoin be regulated!  (Read 667 times)
Idrisu
Sr. Member
****
Offline Offline

Activity: 392



View Profile
September 13, 2017, 06:11:24 AM
 #1

I will like to have your view on this?  Can government's regulatory agency actually determined how bitcoin or others coins be use? If governments cannot regulate a currency be it fiat or cryptocurrency, are we having our financial freedom or investing in something that is going to create inflation and another financial crisis in future? What is the advantage or disadvantage of bitcoin unregulated? Thank, your view will be appreciated.

1511343416
Hero Member
*
Offline Offline

Posts: 1511343416

View Profile Personal Message (Offline)

Ignore
1511343416
Reply with quote  #2

1511343416
Report to moderator
1511343416
Hero Member
*
Offline Offline

Posts: 1511343416

View Profile Personal Message (Offline)

Ignore
1511343416
Reply with quote  #2

1511343416
Report to moderator
1511343416
Hero Member
*
Offline Offline

Posts: 1511343416

View Profile Personal Message (Offline)

Ignore
1511343416
Reply with quote  #2

1511343416
Report to moderator
Join ICO Now A blockchain platform for effective freelancing
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1511343416
Hero Member
*
Offline Offline

Posts: 1511343416

View Profile Personal Message (Offline)

Ignore
1511343416
Reply with quote  #2

1511343416
Report to moderator
alfs75
Member
**
Offline Offline

Activity: 98


View Profile
October 08, 2017, 08:27:46 AM
 #2

I will like to have your view on this?  Can government's regulatory agency actually determined how bitcoin or others coins be use? If governments cannot regulate a currency be it fiat or cryptocurrency, are we having our financial freedom or investing in something that is going to create inflation and another financial crisis in future? What is the advantage or disadvantage of bitcoin unregulated? Thank, your view will be appreciated.

Yes maybe someday government regulate the bitcoin  to maintain its stability in the economy.there are advantages &disadvantages if bitcoin is not regulated, first the advantages is that no tax  payed to the government,and the economy will progress.while the disadvantage  if not regualed maybe other person have a personal interest used bitcoin in drugs or in crime intentions

Thyaga
Sr. Member
****
Offline Offline

Activity: 406



View Profile
October 08, 2017, 08:42:00 AM
 #3

I will like to have your view on this?  Can government's regulatory agency actually determined how bitcoin or others coins be use? If governments cannot regulate a currency be it fiat or cryptocurrency, are we having our financial freedom or investing in something that is going to create inflation and another financial crisis in future? What is the advantage or disadvantage of bitcoin unregulated? Thank, your view will be appreciated.
The government can not and will never be able to regulate bitcoin, the government can only make regulations about the circulation of btc in the country.

TheUltraElite
Hero Member
*****
Online Online

Activity: 518


JOLYY - The future of beauty!


View Profile WWW
October 08, 2017, 08:50:05 AM
 #4

I will like to have your view on this?  Can government's regulatory agency actually determined how bitcoin or others coins be use? If governments cannot regulate a currency be it fiat or cryptocurrency, are we having our financial freedom or investing in something that is going to create inflation and another financial crisis in future? What is the advantage or disadvantage of bitcoin unregulated? Thank, your view will be appreciated.
The government can not and will never be able to regulate bitcoin, the government can only make regulations about the circulation of btc in the country.

I believe that governments trying to control anyhow the circulation of bitcoin is a bad thing. People will not accept it at all. Believe it or not some people just use bitcoin to stay away from taxes. Now it is true that some honest people are willing to pay taxes and still use bitcoin but they are rare. So if governments try to regulate the circulated bitcoin it will only lead to crisis and more problems. Thereafter it goes against the policies of crypto-anarchism.

Like in our country the government has no plans to regulate any cryptocurrency but has warned people to be careful themselves if they are trading it since its highly volatile in nature of price.

            ███           ▄▄▄████████▄▄▄           ███       ▀███          ▀██▄ ▄██▀          ███▀
            ███         ▄████▀▀    ▀▀████▄         ███         ███          ▀█████           ███
            ███       ▄███▀            ▀███▄       ███          ▀██▄         ▄███▄         ▄██▀
            ███      ███▀                ▀███      ███            ███       ███▀███       ███
            ███     ███▀                  ▀███     ███             ▀██▄   ▄██▀   ▀██▄   ▄██▀
            ███     ███                    ███     ███               ███▄██▀       ▀██▄██▀
            ███     ███                    ███     ███                ▀███▀         ▀███▀
            ███     ███                    ███     ███                 ███           ███
            ███     ███▄                  ▄███     ███                 ███           ███
            ███      ███▄                ▄███      ███                 ███           ███
           ███▀       ▀███▄            ▄███▀       ▀███                ███           ███
██▄▄▄  ▄▄▄███▀          ▀████▄▄    ▄▄████▀          ▀███▄▄▄  ▄▄▄██     ███           ███
▀▀████████▀▀              ▀▀▀████████▀▀▀              ▀▀████████▀▀     ███           ███
........T H E   F U T U R E.................
......................o f   B E A U T Y
........


 ▀█▄             ▄▄▄▄▄▄
   ▀█▄      ▄▄███▀▀▀▀
    ▄██     ▀▀▀     ▄▄▄▄
 ▄▄▄ ██         ▄     ▀▀██▄
▀█▀█▀█▀▄       █▄     ▄██▀
               ▀████████
               ▀ ▀ ▀ ▀ ▀


      ▄▄
     ▀█▀▀▀

    █▄
     ███████▀▀▀
    █▄
      ▀▀▀▀▀
btcney
Hero Member
*****
Offline Offline

Activity: 560


JOLYY - The future of beauty!


View Profile
October 08, 2017, 08:51:09 AM
 #5

Bitcoin can't be regulated.

However, bitcoin exchanges and mining pools can by the government.

I personally think that such regulation is probably unnecessary since it usually restricts the free flow of bitcoins instead of actually help anything at all. It's really up to the government to decide, though. And we don't have much of a say in this.

            ███           ▄▄▄████████▄▄▄           ███       ▀███          ▀██▄ ▄██▀          ███▀
            ███         ▄████▀▀    ▀▀████▄         ███         ███          ▀█████           ███
            ███       ▄███▀            ▀███▄       ███          ▀██▄         ▄███▄         ▄██▀
            ███      ███▀                ▀███      ███            ███       ███▀███       ███
            ███     ███▀                  ▀███     ███             ▀██▄   ▄██▀   ▀██▄   ▄██▀
            ███     ███                    ███     ███               ███▄██▀       ▀██▄██▀
            ███     ███                    ███     ███                ▀███▀         ▀███▀
            ███     ███                    ███     ███                 ███           ███
            ███     ███▄                  ▄███     ███                 ███           ███
            ███      ███▄                ▄███      ███                 ███           ███
           ███▀       ▀███▄            ▄███▀       ▀███                ███           ███
██▄▄▄  ▄▄▄███▀          ▀████▄▄    ▄▄████▀          ▀███▄▄▄  ▄▄▄██     ███           ███
▀▀████████▀▀              ▀▀▀████████▀▀▀              ▀▀████████▀▀     ███           ███
........T H E   F U T U R E.................
......................o f   B E A U T Y
........


 ▀█▄             ▄▄▄▄▄▄
   ▀█▄      ▄▄███▀▀▀▀
    ▄██     ▀▀▀     ▄▄▄▄
 ▄▄▄ ██         ▄     ▀▀██▄
▀█▀█▀█▀▄       █▄     ▄██▀
               ▀████████
               ▀ ▀ ▀ ▀ ▀


      ▄▄
     ▀█▀▀▀

    █▄
     ███████▀▀▀
    █▄
      ▀▀▀▀▀
Fortify
Legendary
*
Offline Offline

Activity: 1120


★777Coin.com★ Fun BTC Casino!


View Profile
October 08, 2017, 09:25:52 AM
 #6

Bitcoin can be regulated, but it would rely on every single government in the world working together and history has shown that is extremely difficult. There are too many different agendas and games being played out for that to happen. There is too much incentive to bank off people by offering them lower taxation rates or increased privacy in a country. In theory, if enough countries in the world grouped up to prevent it - the pressure would force the other ones to change.

Mertalot
Member
**
Offline Offline

Activity: 81


View Profile
October 08, 2017, 10:19:46 AM
 #7

It's just like regulation of the Internet. There were some attempts to regulate it, but actually it still remains unregulated
ongels
Full Member
***
Offline Offline

Activity: 126


View Profile
October 08, 2017, 10:32:39 AM
 #8

Perhaps it could be regulated if it is legalized by Government and do some changes to manipulate the flow of btc in the country, Bitcoin at the present are decentralized and highly volatile, this makes people to invest and took advantage to make profit, and the same time using btc is very cheap and very fast to transact even in bigger amounts. This feature makes the people to dig in it.

  GETTING LOST IN THE SEA OF CRYPTOCURRENCIES? CHOOSE PLAYKEY TOKEN! 
PLAYKEY.IO ◇  DECENTRALIZED CLOUD GAMING PLATFORM 
[ Website ]  [ Reddit ]  [ Medium ]  [ Twitter ]  [ LinkedIn ]  [ Telegram ]  [ BitcoinTalk ]  [ Facebook ]
irwanjabryg
Hero Member
*****
Offline Offline

Activity: 623


easy mine


View Profile
October 08, 2017, 10:34:31 AM
 #9

I agree and this is necessary for security and keep bitcoin not used for crime. The government is required to maintain the security and comfort of every citizen. As did China in regulating ICO, this is to protect investors.

.
.

icoico
icoico
icoico
.
.
.

icoico
icoico
icoico
.
.
.
.

icoico
icoico
icoico
.
.
frowsiter
Sr. Member
****
Offline Offline

Activity: 350



View Profile
October 08, 2017, 10:50:52 AM
 #10

Why not, it's government and they can do anything as long as it is in public interest. As we can see what's happening in the world, there are already two countrys who brought the ban on bitcoin. So obviously it can be banned everywhere. You can not invest into it any longer and if you do then consider your money went to the third party and you can't really reclaim it because it's just not the true money for your country and that's decided by the government itself. This is what ban of bitcoin means. So yeah particularly it can be done and going ahead of it they can regulate it the way they want.


They could just bring down the prices for their own safety and let the public use it in regulated environment. For example, we can invest but there will be limits for the same, or we can't hold more than xyz prices likewise. So yeah things can go messy around. ;-)



                                         ▄
                 ▄▄████████▄▄         ▄▄██
 ▄▄           ▄██▀▀        ▀▀██▄    ▄███▀
 ▀███▄▄     ▄█▀                ▀█▄▄█████▀
  ▀██████▄▄█▀                ▄▄███████▀
   ▐█████████▄           ▄▄███████████
     ▀█████████▄▄      ▄█████████████
       ▀██████████    ███████████████
        ▐▀█████████  █████████████▀ ▐▌
        ▐▌ ▀▀██████ ▐███████████▀   ▐▌
        ▐▌      ▀██ ▐█████████▀     ▐▌
         █        ▀  ██████         █
         ▐█          ▐█████▄       █▌
          ▀█▄         ▀██████▄   ▄█▀
            ▀█▄         ▀█████▌▄█▀
              ▀██▄▄       ▀▄▄██▀
                ▀▀████████▀▀
T
.ANGEL TOKEN.
[]

                                         ▄
                 ▄▄████████▄▄         ▄▄██
 ▄▄           ▄██▀▀        ▀▀██▄    ▄█▀█▀
 ▀█▀█▄▄     ▄█▀                ▀█▄▄█  ▄█▀
  ▀█  ▀▀█▄▄█▀                ▄▄██░   █▀
   ▐▄▄  ░░░▀█▄           ▄▄█▀▀░░░   ▄█
     ▀█▄ ░░░▒▒█▄▄      ▄██▒▒▒▒▒░    █
       ▀▄▄ ░░▒▒▒▓█    ██▒▒▒▒▒▒░   ▄▄█
        ▐▀█▄░░▒▒▓██  █▓▒▒▒▒▒▒░  ▄█▀ ▐▌
        ▐▌ ▀▀█▒▓███░▐█▓▒▒▒▒░░ ▄█▀   ▐▌
        ▐▌      ▀██ ▐█▓▓▒▒▄▄▄█▀     ▐▌
         █        ▀  █▓█▀▀█         █
         ▐█          ▐▄▓░ █▄       █▌
          ▀█▄         ▀█▒░ ▀█▄   ▄█▀
            ▀█▄         ▀█▄▄▄█▌▄█▀
              ▀██▄▄       ▀▄▄██▀
                 ▀▀████████▀▀
denny27
Full Member
***
Offline Offline

Activity: 182



View Profile
October 08, 2017, 11:06:16 AM
 #11

Less so can be sure, but it's possible if it really will be done by the government. The decision i think it's depends on all the bitcoin users who use the bitcoin they have for what.. it would be to harming the country if it's using prolonged or not, or even the government will balance with other actions that could withstand the disadvantages of using bitcoin.
Well in the country where i live, bitcoin hasn't been responded to completely by the government, and looks like it's still make preparations to decide for regulated it (decided that crypto currency is a legitimate) or not for the next. So far in the country where i live, it's safety or doesn't have a bad effect (financial crisis) on using of bitcoin and many people including me still have financial freedom or investing on it because the government still allows to use crypto currency but if got the risks from it, it is borne for alone . the benefits of using bitcoins that are still not regulated certainly can make a bitcoin users can gain profits freely and essentially get a sense of freedom to earning it.

Lancusters
Sr. Member
****
Offline Offline

Activity: 364



View Profile
October 08, 2017, 11:13:31 AM
 #12

I agree and this is necessary for security and keep bitcoin not used for crime. The government is required to maintain the security and comfort of every citizen. As did China in regulating ICO, this is to protect investors.
I disagree with you. All of which makes the government directed against the people. As they say always the devil is in the details. Under the guise of good intentions of States are trying to strengthen the control over people. Only slaves are easy to control. I'm sure that any state intervention will only bring harm.



                                         ▄
                 ▄▄████████▄▄         ▄▄██
 ▄▄           ▄██▀▀        ▀▀██▄    ▄███▀
 ▀███▄▄     ▄█▀                ▀█▄▄█████▀
  ▀██████▄▄█▀                ▄▄███████▀
   ▐█████████▄           ▄▄███████████
     ▀█████████▄▄      ▄█████████████
       ▀██████████    ███████████████
        ▐▀█████████  █████████████▀ ▐▌
        ▐▌ ▀▀██████ ▐███████████▀   ▐▌
        ▐▌      ▀██ ▐█████████▀     ▐▌
         █        ▀  ██████         █
         ▐█          ▐█████▄       █▌
          ▀█▄         ▀██████▄   ▄█▀
            ▀█▄         ▀█████▌▄█▀
              ▀██▄▄       ▀▄▄██▀
                ▀▀████████▀▀
T
.ANGEL TOKEN.
[]

                                         ▄
                 ▄▄████████▄▄         ▄▄██
 ▄▄           ▄██▀▀        ▀▀██▄    ▄█▀█▀
 ▀█▀█▄▄     ▄█▀                ▀█▄▄█  ▄█▀
  ▀█  ▀▀█▄▄█▀                ▄▄██░   █▀
   ▐▄▄  ░░░▀█▄           ▄▄█▀▀░░░   ▄█
     ▀█▄ ░░░▒▒█▄▄      ▄██▒▒▒▒▒░    █
       ▀▄▄ ░░▒▒▒▓█    ██▒▒▒▒▒▒░   ▄▄█
        ▐▀█▄░░▒▒▓██  █▓▒▒▒▒▒▒░  ▄█▀ ▐▌
        ▐▌ ▀▀█▒▓███░▐█▓▒▒▒▒░░ ▄█▀   ▐▌
        ▐▌      ▀██ ▐█▓▓▒▒▄▄▄█▀     ▐▌
         █        ▀  █▓█▀▀█         █
         ▐█          ▐▄▓░ █▄       █▌
          ▀█▄         ▀█▒░ ▀█▄   ▄█▀
            ▀█▄         ▀█▄▄▄█▌▄█▀
              ▀██▄▄       ▀▄▄██▀
                 ▀▀████████▀▀
roccstar
Member
**
Offline Offline

Activity: 87


View Profile
October 08, 2017, 11:18:22 AM
 #13

In my opinion governments cannot regulate bitcoin. But they can ban the usage of bitcoin like how they did it in China . Today while I was surfing in the net, I read a news that is shocking. The news is the government of Nepal has ordered its police officials to arrest those who are dealing with bitcoins and they arrested nearly 7 people also. The government has ordered all the bitcoin exchanges in Nepal to stop their services also.

swogerino
Hero Member
*****
Offline Offline

Activity: 798


View Profile
October 08, 2017, 11:28:48 AM
 #14

I doubt it can be regulated. Bitcoin was created from Satoshi Nakamoto with the main characteristic of it to be decentralized. This means it was projected to not have a regulator above it like central banks do to conventional FIAT money ,dollars, euros, pounds etc. If governments start to regulate bitcoin it losses its main characteristic, it losses decentralization. I don't think bitcoin can be regulated.




                          ▄▄███████████████████▄▄
                      ██████▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀██████
                  ██████                          ██████
               █████                                  █████
             █████                                      █████
           ████                                            ████
         ████                                                ████
       ████                                                    ████
      ████                                                      ████
     ████                                                        ████
    ████                                                          ████
   ████            ███████████████     ███████████████             ████
  ████             ▀ █████████████▌   ▄▀ █████████████▌             ████
 ▐███             ▄▄ ▐█████████████  ███ ▐█████████████              ███▌
 ████            ▐██▌ █████████████▌ ███▌ █████████████▌             ████
 ███             ████ ▐█████████████ ▐███ ▐█████████████              ███
▐███            ▐████▌ █████████████▌ ███▌ █████████████▌             ███▌
▐███            ██████ ▐█████████████ ▐███ ▐█████████████             ███▌
▐███           ▐██████▌ █████████████▌ ███▌ █████████████▌            ███▌
▐███           ████████ ▐█████████████ ▐███ ▐█████████████            ███▌
▐███          ▐████████▌ █████████████▌ ███▌ █████████████▌           ███▌
▐███          ██████████ ▐█████████████ ▐███ ▐█████████████           ███▌
▐███         ▐██████████▌ █████████████▌ ███▌ █████████████▌          ███▌
▐███         ████████████ ▐█████████████ ▐███ ▐█████████████          ███▌
 ███        ▐████████████  █████████████▌ ███  █████████████▌         ███
 ████       █████████████  ▐█████████████ ▐██▌ ▐█████████████        ████
 ▐███      ▐█████████████   █████████████▌ ██   █████████████▌       ███▌
  ████     █████████████▌   ▐█████████████      ▐█████████████      ████
   ████    █████████████     █████████████▌      █████████████▌    ████
    ████                                                          ████
     ████                                                        ████
      ████                                                      ████
       ████                                                   █████
         ████                                                ████
           ████                                            ████
             █████                                      █████
               █████                                  █████
                  ██████                          ██████
                      ██████▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄██████
                          ▀▀███████████████████▀▀
 
Monaize
|
 
|
 
 



 
Wesimon
Sr. Member
****
Offline Offline

Activity: 406


https://gexcrypto.io


View Profile
October 08, 2017, 12:02:37 PM
 #15

Government cannot regulate bitcoin itself. But the government can implent some rules about bitcoin like what china did. Bitcoin is decentralized and has a good future but I think the government wont allow bitcoin holders to be exempted in tax. They will definitely make way to have cotrol over it.

             ███
     ▄▄▄▄▄   ▀▀▀
  ▄█████████▄
 ███▀     ▀███▄
███         ███
███         ███
 ███▄     ▄████
  ▀████████████
     ▀▀▀▀▀  ███
            ███
███▄       ▄███
 ▀███▄▄▄▄▄███▀
   ▀▀█████▀▀
gexcrypto
E X C R Y P T O

Global Trading Corp.
████
████
████
████
████  ████
████  ████
████  ████
████  ████
████  ████
      ████
      ████
      ████
      ████
YOUR COMPREHENSIVE CRYPTO TRADING PLATFORM
|       WHITEPAPER       |       FACEBOOK       |       TWITTER       |       ANN THREAD       |
████
████
████
████
████  ████
████  ████
████  ████
████  ████
████  ████
      ████
      ████
      ████
      ████
Bagaji
Full Member
***
Offline Offline

Activity: 210



View Profile
October 08, 2017, 12:19:00 PM
 #16

I will like to have your view on this?  Can government's regulatory agency actually determined how bitcoin or others coins be use? If governments cannot regulate a currency be it fiat or cryptocurrency, are we having our financial freedom or investing in something that is going to create inflation and another financial crisis in future? What is the advantage or disadvantage of bitcoin unregulated? Thank, your view will be appreciated.
I don't think government will to regulate Bitcoin except individual government has to create their own altcoins. For government to control Bitcoin it then implies that the original purpose of Bitcoin which is anonymity is defeated. For me I don't want to take control over Bitcoin because they are the same with banks.

1Referee
Legendary
*
Offline Offline

Activity: 1344

BitKorn!


View Profile
October 08, 2017, 12:28:34 PM
 #17

Government cannot regulate bitcoin itself. But the government can implent some rules about bitcoin like what china did. Bitcoin is decentralized and has a good future but I think the government wont allow bitcoin holders to be exempted in tax. They will definitely make way to have cotrol over it.

Speculation goes around that Chinese exchanges that will be back in operational state, will report everything their users do directly to the government. In the long run, I think this will be something that basically every crypto exchange will be doing in order to maintain its operations - governments won't just sit back and see this eco system grow, while people refuse to declare their holdings/gains. In other words, if you end up making profit, and you don't declare any of it, you'll be dealing with the government, but then in a negative way of couse. I see another major reason as to why the peer to peer market will continue to grow exponentially in the forthcoming years.

LeoEspansq
Full Member
***
Offline Offline

Activity: 209



View Profile
October 08, 2017, 12:35:12 PM
 #18

I think the government in the future will regulate bitcoin and other crypto-currencies. The government is not interested in remaining without control over the funds of ordinary citizens.

exstasie
Hero Member
*****
Offline Offline

Activity: 644


View Profile
October 08, 2017, 12:38:38 PM
 #19

Government cannot regulate bitcoin itself. But the government can implent some rules about bitcoin like what china did. Bitcoin is decentralized and has a good future but I think the government wont allow bitcoin holders to be exempted in tax. They will definitely make way to have cotrol over it.

Speculation goes around that Chinese exchanges that will be back in operational state, will report everything their users do directly to the government. In the long run, I think this will be something that basically every crypto exchange will be doing in order to maintain its operations - governments won't just sit back and see this eco system grow, while people refuse to declare their holdings/gains.

Indeed, but to be honest, I think this is more about fiat shadow banking than cryptocurrencies and traders/taxes. Crypto is still really illiquid, and there is a lot of friction in using it for capital flight. The exchanges, though, were acting as shadow banks. Clients locked up billions of yuan (and bitcoins) in the exchanges and the exchange operators turned around and invested client funds, presumably into Chinese or Hong Kong bank debt instruments to leverage into overseas investments (real estate, etc).

The investment of billions (yuan) of client funds is proven in the case of Okcoin and Huobi. Others were likely engaging in the same thing, especially if you consider a lot of their no-fee trading structures.

faceoff97
Full Member
***
Offline Offline

Activity: 154



View Profile
October 08, 2017, 12:41:13 PM
 #20

In my country, i dont see our government would interfere and make regulation for bitcoin simply because, there were not so big volume of users who are engaged with it in our country. Most bitcoin holders in my country ia just the online people. I think any government who see his country invaded by bitcoin will make an action to regulate it, and do things which country will be benefited. I can see no wrong with government having concern with bitcoin even bitcoin is decentralized. Government might make specific rule which holders should follow, but with or without regulation I can see that its going to be accepted by many even a whole government.

iram1011
Hero Member
*****
Offline Offline

Activity: 574


JOLYY - The future of beauty!


View Profile
October 08, 2017, 12:51:44 PM
 #21

Regulating cryptocurrencies is an extremely difficult task. Governments can regulate exchanges but not Bitcoin. But they can issue some laws for cryptocurrencies and can manipulate the existing financial system’s rules. But a complete regulation isn't that simpler. Even taxing Bitcoin isn't really viable. I believe regulations over exchanges are indeed required for safeguarding citizens from possible scam, but regulating Bitcoin which is a global currency is neither required nor is possible.

            ███           ▄▄▄████████▄▄▄           ███       ▀███          ▀██▄ ▄██▀          ███▀
            ███         ▄████▀▀    ▀▀████▄         ███         ███          ▀█████           ███
            ███       ▄███▀            ▀███▄       ███          ▀██▄         ▄███▄         ▄██▀
            ███      ███▀                ▀███      ███            ███       ███▀███       ███
            ███     ███▀                  ▀███     ███             ▀██▄   ▄██▀   ▀██▄   ▄██▀
            ███     ███                    ███     ███               ███▄██▀       ▀██▄██▀
            ███     ███                    ███     ███                ▀███▀         ▀███▀
            ███     ███                    ███     ███                 ███           ███
            ███     ███▄                  ▄███     ███                 ███           ███
            ███      ███▄                ▄███      ███                 ███           ███
           ███▀       ▀███▄            ▄███▀       ▀███                ███           ███
██▄▄▄  ▄▄▄███▀          ▀████▄▄    ▄▄████▀          ▀███▄▄▄  ▄▄▄██     ███           ███
▀▀████████▀▀              ▀▀▀████████▀▀▀              ▀▀████████▀▀     ███           ███
........T H E   F U T U R E.................
......................o f   B E A U T Y
........


 ▀█▄             ▄▄▄▄▄▄
   ▀█▄      ▄▄███▀▀▀▀
    ▄██     ▀▀▀     ▄▄▄▄
 ▄▄▄ ██         ▄     ▀▀██▄
▀█▀█▀█▀▄       █▄     ▄██▀
               ▀████████
               ▀ ▀ ▀ ▀ ▀


      ▄▄
     ▀█▀▀▀

    █▄
     ███████▀▀▀
    █▄
      ▀▀▀▀▀
aoihs00
Sr. Member
****
Offline Offline

Activity: 308



View Profile
October 08, 2017, 02:16:40 PM
 #22

I believe there are no as such disadvantage of bitcoin being unregulated one. There could be one thing only that, being unregulated means you are the boss of your transaction and if you make any mistake while doing that then you can not recover the loss because you are responsible for it solely. In case of regulated fiat the currency can be tracked down to the finest path and we can know who's carrying our cash if it's stolen. There is no mark up for bitcoin currency and that's why it has that disadvantage of loosing easily kind of thing. So too many scams can really happen.


Well, apart from that I believe the crypto unregulated gives us more advantages like any amount of transaction, no questioning and no answering from where the money came and where is it going as long it stays in the crypto form.




                                         ▄
                 ▄▄████████▄▄         ▄▄██
 ▄▄           ▄██▀▀        ▀▀██▄    ▄███▀
 ▀███▄▄     ▄█▀                ▀█▄▄█████▀
  ▀██████▄▄█▀                ▄▄███████▀
   ▐█████████▄           ▄▄███████████
     ▀█████████▄▄      ▄█████████████
       ▀██████████    ███████████████
        ▐▀█████████  █████████████▀ ▐▌
        ▐▌ ▀▀██████ ▐███████████▀   ▐▌
        ▐▌      ▀██ ▐█████████▀     ▐▌
         █        ▀  ██████         █
         ▐█          ▐█████▄       █▌
          ▀█▄         ▀██████▄   ▄█▀
            ▀█▄         ▀█████▌▄█▀
              ▀██▄▄       ▀▄▄██▀
                ▀▀████████▀▀
T
.ANGEL TOKEN.
[]

                                         ▄
                 ▄▄████████▄▄         ▄▄██
 ▄▄           ▄██▀▀        ▀▀██▄    ▄█▀█▀
 ▀█▀█▄▄     ▄█▀                ▀█▄▄█  ▄█▀
  ▀█  ▀▀█▄▄█▀                ▄▄██░   █▀
   ▐▄▄  ░░░▀█▄           ▄▄█▀▀░░░   ▄█
     ▀█▄ ░░░▒▒█▄▄      ▄██▒▒▒▒▒░    █
       ▀▄▄ ░░▒▒▒▓█    ██▒▒▒▒▒▒░   ▄▄█
        ▐▀█▄░░▒▒▓██  █▓▒▒▒▒▒▒░  ▄█▀ ▐▌
        ▐▌ ▀▀█▒▓███░▐█▓▒▒▒▒░░ ▄█▀   ▐▌
        ▐▌      ▀██ ▐█▓▓▒▒▄▄▄█▀     ▐▌
         █        ▀  █▓█▀▀█         █
         ▐█          ▐▄▓░ █▄       █▌
          ▀█▄         ▀█▒░ ▀█▄   ▄█▀
            ▀█▄         ▀█▄▄▄█▌▄█▀
              ▀██▄▄       ▀▄▄██▀
                 ▀▀████████▀▀
HasHe
Hero Member
*****
Offline Offline

Activity: 616


View Profile
October 08, 2017, 02:33:43 PM
 #23

If bitcoin does not get regulated,the only benefit we could get is that we could still enjoy tax free earnings from bitcoins as bitcoin transactions are pseudo anonymous.In india,since bitcoin has not been regulated yet,i'm enjoying tax free earnings from bitcoin.But very soon,the scenario would change as india is getting ready to legalize bitcoin quickly.

If bitcoin gets regulated,people would get more confidence in investing in bitcoins.Retailers would start accepting bitcoin as we saw in japan after legalization,thousands of retailers started accepting bitcoin payment.It would definitely increase the demand for more bitcoins which would in turn increase the price of bitcoin.It would definitely help for the progress of bitcoin.

ROB18
Member
**
Offline Offline

Activity: 77


View Profile
October 08, 2017, 04:00:42 PM
 #24

Yes, I think time will come that bitcoin will be regulated in a way but not fully.  Government will do it's best to regulate all kind of system in the society to insure that think will work as per the standard of the government.  The question is, is it going to help the bitcoin community or not?

▀▀▀▀▀▀▀▀ BRING YOUR MONEY TO LIFE ▀▀▀▀▀▀▀▀
★★▬▬▬▬▬▬▬▬ STACK ▬▬▬▬▬▬▬▬★★
lexamagic
Full Member
***
Offline Offline

Activity: 168



View Profile
October 08, 2017, 04:09:08 PM
 #25

Yes, I think that soon the government will regulate bitcoin since the authorities are not profitable when people can freely manage their funds and not pay taxes.

1l1l11ll1l
Hero Member
*****
Offline Offline

Activity: 854



View Profile
October 08, 2017, 04:21:42 PM
 #26

to regulate bitcoin, I think it will be a very difficult thing. because bitcoin does have an anonymous and decentralized nature. so the government will find it difficult to track bitcoin.

           ▄▄█████████▄▄
       ▄████▀▀       ▀▀████▄
     ▄██▀▀               ▀▀██▄
    ██▀                    ████
   ██                     ███▀██
  ██                    ▄██▀   ██
 ██                    ▄██      ██
██▀                  ▄██▀      ▄███
██                  ▄██      ▄██▀██
██                 ██▀    ▄███▀  ██
██               ▄██▀   ▄██▀     ██
██▄             ▄██  ▄███▀      ▄██
 ██           ▄██▀ ▄██▀         ██
  ██         ▄██▄███▀          ██
   ██       █████▀            ██
    ██▄   ▄████▀            ▄██
     ▀██▄███▀            ▄▄██▀
       ▀████▄▄       ▄▄████▀
           ▀▀█████████▀▀
.L I V E T R E E   A D E P T TM.
Own the future of entertainment
The World's 1st Community-Powered,
Film, TV and Content Network  ★
cioloxl
Member
**
Offline Offline

Activity: 70


View Profile
October 08, 2017, 04:25:32 PM
 #27

to regulate bitcoin, I think it will be a very difficult thing. because bitcoin does have an anonymous and decentralized nature. so the government will find it difficult to track bitcoin.

At some point, there will have to be some sort of compromise. Otherwise they will try their best to stop fiat being invested into the ecosystem. And frankly that would set us back years, if not decades.
Bolt Brownie
Sr. Member
****
Offline Offline

Activity: 406


Bountie- Do You Have Game?


View Profile
October 08, 2017, 04:30:44 PM
 #28

I will like to have your view on this?  Can government's regulatory agency actually determined how bitcoin or others coins be use? If governments cannot regulate a currency be it fiat or cryptocurrency, are we having our financial freedom or investing in something that is going to create inflation and another financial crisis in future? What is the advantage or disadvantage of bitcoin unregulated? Thank, your view will be appreciated.

I think it can be regulated, and I really hope that happens in a near future, because that is crucial for bitcoin expansion. Right now bitcoin is still very volatile, and although I understand that this volatility is a consequence of bitcoin being in it's early days, and as adoption happens it's volatility will decrease, the truth is that without good regulation, mass adoption will not happen, because investing in BTC will continue to be seen as a risk.
When we get out of the grey area, and the use of BTC will look more secure, then everyone will get in to it. That sense of security will only happen when regulation gets done.

Hamphser
Sr. Member
****
Online Online

Activity: 392


JOLYY - The future of beauty!


View Profile
October 08, 2017, 04:33:37 PM
 #29

to regulate bitcoin, I think it will be a very difficult thing. because bitcoin does have an anonymous and decentralized nature. so the government will find it difficult to track bitcoin.
These features of bitcoin would really be the reason why bitcoin cant really be regulated by the government since they can able to control it and they cant impose taxes on it directly which they would normally react into such thing.Some countries are already accepting or adopting bitcoin but not on the sense that they are making it as a main currency because its an impossible thing to happen.They are just adding up on bitcoin as an alternative on their ne way payment system.For now its not possible for bitcoin to be considered and can be regulated.

            ███           ▄▄▄████████▄▄▄           ███       ▀███          ▀██▄ ▄██▀          ███▀
            ███         ▄████▀▀    ▀▀████▄         ███         ███          ▀█████           ███
            ███       ▄███▀            ▀███▄       ███          ▀██▄         ▄███▄         ▄██▀
            ███      ███▀                ▀███      ███            ███       ███▀███       ███
            ███     ███▀                  ▀███     ███             ▀██▄   ▄██▀   ▀██▄   ▄██▀
            ███     ███                    ███     ███               ███▄██▀       ▀██▄██▀
            ███     ███                    ███     ███                ▀███▀         ▀███▀
            ███     ███                    ███     ███                 ███           ███
            ███     ███▄                  ▄███     ███                 ███           ███
            ███      ███▄                ▄███      ███                 ███           ███
           ███▀       ▀███▄            ▄███▀       ▀███                ███           ███
██▄▄▄  ▄▄▄███▀          ▀████▄▄    ▄▄████▀          ▀███▄▄▄  ▄▄▄██     ███           ███
▀▀████████▀▀              ▀▀▀████████▀▀▀              ▀▀████████▀▀     ███           ███
           T H E   F U T U R E             
                       o f   B E A U T Y


 ▀█▄             ▄▄▄▄▄▄
   ▀█▄      ▄▄███▀▀▀▀
    ▄██     ▀▀▀     ▄▄▄▄
 ▄▄▄ ██         ▄     ▀▀██▄
▀█▀█▀█▀▄       █▄     ▄██▀
               ▀████████
               ▀ ▀ ▀ ▀ ▀


      ▄▄
     ▀█▀▀▀

    █▄
     ███████▀▀▀
    █▄
      ▀▀▀▀▀
webtricks
Sr. Member
****
Online Online

Activity: 378


Dil se, Batue se, dono se ameer hain!! <3


View Profile WWW
October 08, 2017, 04:36:53 PM
 #30

I will like to have your view on this?  Can government's regulatory agency actually determined how bitcoin or others coins be use? If governments cannot regulate a currency be it fiat or cryptocurrency, are we having our financial freedom or investing in something that is going to create inflation and another financial crisis in future? What is the advantage or disadvantage of bitcoin unregulated? Thank, your view will be appreciated.

Why not. If government forces you to use only those wallets which require KYC before buying/selling, all your movements will be recorded. Regulation can easily be imposed on your deposits, withdrawals, etc and you need to pay taxes if amount exceeds the limit set by government.
There may be few advantages like you will have safeguards against ICOs or HYIPs.
But on whole your freedom to hold, send and receive whatever amount will be curb.

||▄▄▀▀▀▀▄            ▄▀▀▀▀▄▄
█▀▀▄   ▀▀▄      ▄▀▀   ▄███
█   █▀▄   ▀▀▄▄▀▀   ▄██████
█   █  ▀▀▄      ▄█████████
█   █     ▀▀▄▄██████▀▀████
█   █        ████▀  ▄▄████
█   █        █▀  ▄▄███████
█   █         ▄▄████▀▀████
█    ▀▄      ████▀  ▄▄████
 ▀▀▄   ▀▀▄   █▀  ▄█████▀▀
    ▀▀▄   ▀▀▄▄▄█████▀▀
       ▀▀▄   ████▀▀
          ▀▀▄█▀▀
▄▄▀▀▀▀▄            ▄▀▀▀▀▄▄
█▀▀▄   ▀▀▄      ▄▀▀   ▄███
█   █▀▄   ▀▀▄▄▀▀   ▄██████
█   █  ▀▀▄      ▄█████████
█   █     ▀▀▄▄██████▀▀████
█   █        ████▀  ▄▄████
█   █        █▀  ▄▄███████
█   █         ▄▄████▀▀████
█    ▀▄      ████▀  ▄▄████
 ▀▀▄   ▀▀▄   █▀  ▄█████▀▀
    ▀▀▄   ▀▀▄▄▄█████▀▀
       ▀▀▄   ████▀▀
          ▀▀▄█▀▀
[]|
omonuyak
Sr. Member
****
Offline Offline

Activity: 252


MatrixCoin - Creating Bright Future Together


View Profile
October 08, 2017, 04:43:09 PM
 #31

It may not be now but time is coming when bitcoin and others crypto coins will be regulated especially it circulation in individual countries. The state will also try to create it own coins and token in future. Regulations of bitcoin will create confident in it.


██████████.......█████......
████████████.....███████.....
███....█████.....███████.....
███....█████.....███████.....
████....██████...█████████....
██████......██████████...█████████....
█████......██████......████....██...█████████....
█████......██████......████....███.███████████...
█████......██████......████....███.███████████...
███...................█████████████████.███████████...
███..███..█████.......██████████.████████████.█████████..
███..█████.......██████████.████████████.█████████..
█████.......██████████.████████████.█████████..
██████......███...███████████...██████████.
██████......███...███████████...██████████.
██████......███...███████████...██████████.
██████......██.....█████████.....██████████
██████████.....█████████.....██████████
██████████.....█████████.....██████████
   
██
█  ██  █
█  ██  █
█  ██  █
█  ██  █
█  ██  █
█  ██  █
█  ██  █

█  ██  █

█  ██  █

█  ██  █

█  ██  █

██
   
██
█  ██  █
█  ██  █
█  ██  █
█  ██  █
█  ██  █
█  ██  █
█  ██  █

█  ██  █

█  ██  █

█  ██  █

█  ██  █

██
   
➤  TWITTER
➤  FACEBOOK
➤  INSTAGRAM
UCHCHILD
Sr. Member
****
Offline Offline

Activity: 350


Verify - The Future Of Reputation


View Profile
October 08, 2017, 10:56:24 PM
 #32

I think not so far, because you know what, I think there were some countries that try to ask to buy the whole system of btc but I think the dev and the team of btc does not agree with it. And if there will be someone that will.hold the btc, like one country that will regulate btc then our life will.be suck, the feature of btc wil come to an end because government will.surely change its all system, will surely revise it because that government will.gonna make more profit with it, also taxes will surely come too, which is so bad.

innocent93
Hero Member
*****
Offline Offline

Activity: 770



View Profile
October 08, 2017, 11:08:16 PM
 #33

I will like to have your view on this?  Can government's regulatory agency actually determined how bitcoin or others coins be use? If governments cannot regulate a currency be it fiat or cryptocurrency, are we having our financial freedom or investing in something that is going to create inflation and another financial crisis in future? What is the advantage or disadvantage of bitcoin unregulated? Thank, your view will be appreciated.
Considering the amount and value of the crypto market, there will be regulation, but they wont be able to tell what to do with your altcoin. They can only watch the financial behavior of each user so the money wont be used in antisocial events.

         ▄▄▀▀▄▄
     ▄▄▀▀  ▄▄  ▀▀▄▄
 ▄▄▀▀  ▄▄▀▀  ▀▀▄▄  ▀▀▄▄
█  ▄▄▀▀          ▀▀▄▄  █
█ █   ██▄▄     ▄██   █ █
█ █   ▄ ▀▀█▄▄ ▀▀██   █ █
█ █   ███▄ ▀▀██ ██   █ █
█ █   ██      ▀ ██   █ █
█ █   ██        ██   █ █
█  ▀▀▄▄          ▄▄▀▀  █
 ▀▀▄▄  ▀▀▄▄  ▄▄▀▀  ▄▄▀▀
     ▀▀▄▄  ▀▀  ▄▄▀▀
         ▀▀▄▄▀▀
Modex               
SMART CONTRACT MARKETPLACE
██▄▄
████  ██▄▄
████  ████
████  ████
████  ████
████  ████
████  ████
████  ████

████  ████

████  ████

████  ████

▀▀██  ████

      ▀▀██
TWITTER          LINKEDIN          SLACK
▬▬▬▬▬    FACEBOOK          TELEGRAM    ▬▬▬▬▬
..DEVELOP  ●  DISTRIBUTE  ●  DEPLOY..
██▄▄
████  ██▄▄
████  ████
████  ████
████  ████
████  ████
████  ████
████  ████

████  ████

████  ████

████  ████

▀▀██  ████

      ▀▀██
██▄▄
████  ██▄▄
████  ████
████  ████
████  ████
████  ████
████  ████
████  ████

████  ████

████  ████

████  ████

▀▀██  ████

      ▀▀██
bestluck
Hero Member
*****
Offline Offline

Activity: 560



View Profile
October 08, 2017, 11:17:32 PM
 #34

Regulating cryptocurrencies is an extremely difficult task. Governments can regulate exchanges but not Bitcoin. But they can issue some laws for cryptocurrencies and can manipulate the existing financial system’s rules. But a complete regulation isn't that simpler. Even taxing Bitcoin isn't really viable. I believe regulations over exchanges are indeed required for safeguarding citizens from possible scam, but regulating Bitcoin which is a global currency is neither required nor is possible.
Regulation is bit difficult and some of the governments are taking actions to do this the major concern of government is tax and tax collection system is not taking bitcoin and as the system will switched to the digital currencies all the things will be sorted out and a lot of money laundering issues are highlighted and governments are looking forward to keep check on transactions.


         ▄▄███▄▄
     ▄▄███████████▄▄
 ▄▄███████████████████▄▄
██████████████████████████
  ▀▀██████████████████▀▀ ▄▄
      ▀▀██████████▀▀ ▄▄████
          ▀▀█▀▀ ▄▄█████████
             ▄█████████████
             ██████████████
             ██████████████
             ██████████████
             ██████████████
             █████████████▀
             █████████▀▀
             █████▀▀
             ▀▀▀
.
Brickblock.io
║║
║║
║║
║║
║║
.
║║
║║
║║
║║
║║





                  ▄▄██▄
              ▄▄█▀▀  ██
          ▄▄█▀▀      █▌
      ▄▄█▀▀   ▄▀    ██
 ▄▄▄█▀▀    ▄█▀     ▐█
██      ▄██▀       █▌
 ▀▀██▄███▀        ██
     ██▀▀█▄▄▄     █▌
      █▄  ██▀▀▀█▄██
       █▄█▀




       ▄▄▄▄▄▄
    ▄████████
    █████▀▀▀▀
   ▐████
   ▐████
████████████
████████████
   ▐████
   ▐████
   ▐████
   ▐████




                 ▄████▄▄    ▄
██             ████████████▀
████▄         █████████████▀
▀████████▄▄   █████████████
▄▄█████████████████████████
██████████████████████████
  ▀██████████████████████
   █████████████████████
    ▀█████████████████▀
      ▄█████████████▀
▄▄███████████████▀
   ▀▀▀▀▀▀▀▀▀▀▀



▄▄▄                  ▄▄▄
█████▄             ▄██████▄
█████████▄        ████████████▄
██████████▌▄     ██████████████
██████████▌▐█  ▄█████████████▀▄█
██████████▌▐██▄▀████████████ ███
██████████▌▐████▀██████████ ████
██████████▌▐█████ ███████▀▄█████
██████████▌ ▀█████▄▀████ ███████
██████████▌   ▀▀████ ██▄████████
▀█████████▌      ▀▀▀▀ ▄█████████
   ▀▀█████▌             ▀▀██████
        ▀█▌                  ▀▀█
║║
║║
║║
║║
║║
.
digaran
Hero Member
*****
Offline Offline

Activity: 630


COINPAYMENTS.NET


View Profile
October 09, 2017, 01:43:39 AM
 #35

You think Bitcoin is not regulated and governments are not monitoring our transactions, coins like Monero and Zcash are making their attempts of recording transactions extremely difficult, if you see them with small market caps and low trading volume is because they are trying to stay low for a while, the final and maybe the ultimate answer to regulation is no, it's not possible for %100 control.

       ▀
   ▄▄▄   ▄▀
   ███ ▄▄▄▄  ██
       ████
    ▄  ▀▀▀▀
▄▄
      ██    ▀▀
██▄█▄▄▄████████
▄▄▄▄▄▄▄▄▀▀███▀▀▀
██████████████████
████▄▀▄▀▄▀███▀▀▀▀▀
████▄▀▄▀▄▀███ ▀
████▄▀▄▀▄▀████████
▀█████████████████
]
,CoinPayments,
█████
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████
█████
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████
█████
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████
bitcoinisbest
Sr. Member
****
Offline Offline

Activity: 476


https://gexcrypto.io


View Profile
October 09, 2017, 01:52:46 AM
 #36

Yes, I think that soon the government will regulate bitcoin since the authorities are not profitable when people can freely manage their funds and not pay taxes.

This is a major concern which government thinks regarding cypto currencies as it is not easy to control and regulate it so many government are yet to legalise the Bitcoin in thier country . Hope so countries follow as Japan as done it so that people can buy and sell Bitcoin in their country easily and also pay their taxes .

             ███
     ▄▄▄▄▄   ▀▀▀
  ▄█████████▄
 ███▀     ▀███▄
███         ███
███         ███
 ███▄     ▄████
  ▀████████████
     ▀▀▀▀▀  ███
            ███
███▄       ▄███
 ▀███▄▄▄▄▄███▀
   ▀▀█████▀▀
gexcrypto
E X C R Y P T O

Global Trading Corp.
████
████
████
████
████  ████
████  ████
████  ████
████  ████
████  ████
      ████
      ████
      ████
      ████
YOUR COMPREHENSIVE CRYPTO TRADING PLATFORM
|       WHITEPAPER       |       FACEBOOK       |       TWITTER       |       ANN THREAD       |
████
████
████
████
████  ████
████  ████
████  ████
████  ████
████  ████
      ████
      ████
      ████
      ████
Hydrogen
Hero Member
*****
Offline Offline

Activity: 616



View Profile
October 09, 2017, 09:02:20 PM
 #37

If bitcoin is regulated, it will be taxed. The end result of taxed crypto are higher transfer fees as the cost of taxation trickles down to end users. Regulation would mean slower transactions due to state monitoring/surveillance being stacked on top of existing node protocols. Regulation would mean more difficult and longer withdrawals as the state investigates for "anti terrorism" and "anti money laundering". Sometimes funds are held in paypal for months with no withdrawal while "investigations" are being conducted. Regulation would also mean more theft in the way regulated paypal makes any excuse they can come up with to seize funds for no legitimate reason.

There may be few benefits to bitcoin being regulated. With many significant drawbacks.

But can bitcoin be regulated? Certainly.

jimrome
Sr. Member
****
Offline Offline

Activity: 335


View Profile
October 09, 2017, 09:14:01 PM
 #38

Bitcoin can't be regulated.
However, bitcoin exchanges and mining pools can by the government.
I personally think that such regulation is probably unnecessary since it usually restricts the free flow of bitcoins instead of actually help anything at all. It's really up to the government to decide, though. And we don't have much of a say in this.
Bitcoin network cannot be regulated and no government can target and shut down a particular pool and think that it is over,they could regulate the usage of bitcoin within the country by banning exchanges and punish people who deal with bitcoin with harsh punishments ,the world really needs a decentralized digital currency .

BMCHAIN.io ..
  I C O   L I V E       U N T I L   O C T O B E R  10     
D I S C U S S  ◉  MONETIZE YOUR UTILITY  ◉  JOIN ICO
.
Gameflip ICO
Member
**
Offline Offline

Activity: 70


View Profile
October 09, 2017, 10:22:02 PM
 #39

Usage of Bitcoins can be regulated. I mean governments can start imposing sanctions on exchangers demanding from them revealing private information about people. That is how Bitcoin and other cryptocurrencies can be regulated I think.
atc1-REAL
Member
**
Offline Offline

Activity: 98


View Profile
October 09, 2017, 10:26:59 PM
 #40

China is regulating bitcoins by controlling exchanges and prohibiting banks from having any transactions with bitcoin exchanges. So it will no doubt restrict people from normally obtaining or disposing of btc. This kind of regulation kills the facet of btc being used as an investment or asset, which is I believe, the majority is using it for now.

thet
Member
**
Offline Offline

Activity: 98


View Profile
October 09, 2017, 11:07:21 PM
 #41

I will like to have your view on this?  Can government's regulatory agency actually determined how bitcoin or others coins be use? If governments cannot regulate a currency be it fiat or cryptocurrency, are we having our financial freedom or investing in something that is going to create inflation and another financial crisis in future? What is the advantage or disadvantage of bitcoin unregulated? Thank, your view will be appreciated.


There is a great possibility that bitcoin can be manipulated by government agencies. With that, it will have a great effect with it's price stability.

I guess, when btc is manipulated there will be a limited transactions and may observe some rules and tax may implemented also.

▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
BLOCKCHAIN  DIGITAL  BANK          NEBEUS  PRE ICO    OPEN
▬▬▬▬▬▬      FACEBOOK     TWITTER     LINKEDIN     TELEGRAM      ▬▬▬▬▬▬
rey.fudz15
Member
**
Online Online

Activity: 65


View Profile
October 09, 2017, 11:10:36 PM
 #42

Yes, by some international body or governments itself but i do not think they can manipulate the market of cryptocurrencies because the blockchain it self cannot be control hence only those whales can manipulate the prices of bitcoin and etherium but not the altcoins in my own opinion.

CyberKuro
Hero Member
*****
Offline Offline

Activity: 602


View Profile
October 09, 2017, 11:10:53 PM
 #43

Can government's regulatory agency actually determined how bitcoin or others coins be use?
What is the advantage or disadvantage of bitcoin unregulated? Thank, your view will be appreciated.

Yes, government can regulate cryptocurrency such as US, China, Japan and Singapore did.
The advantages of bitcoin regulations:
- to avoid illegal funding or money laundering
- to protect citizens from fraudulent activities in crypto world
- if bitcoin could be legalized, it's created a perfect environment for bitcoin to grow even better

The disadvatages of bitcoin regulations:
- You may have to pay tax, but not always
- Your transactions through exchanges could be monitored
- Financial authority over watch all of the crypto transactions
_Dawid_
Full Member
***
Offline Offline

Activity: 126


View Profile
October 10, 2017, 09:51:32 PM
 #44

The main thing is that the Bitcoin can't be regulated because of its heritage which is a decentralization. Banks for sure can control and "regulate" people whom own Bitcoin but not stricte Bitcoin as a asset.
For some people it is huge advantegs and for the others it is disadvantage.

░░░█▀▀▀█░█▀▀▀█░█░░░░░░▄▀▄░░█▀▀▀█░█░█▀▀▀█░░░█▀  FAIRLY DISTRIBUTED & DECENTRALIZED NATURE OF CRYPTOCURRENCY      ▀█▀  Telegram  ▀█
░░░▀▀█▄▄░█░░░█░█░░░▄░█▄▄▄█░█░▄▀░░█░▀▀█▄▄░░░       SOLARIS XLR▬▬▬▬▬ LAUNCHED 17 MARCH ▬▬▬▬▬SOLARIS XLR                   Slack     
░░░█▄▄▄█░░▀▄▄█░░▀▄▄█░█░░░█░█░░▀▄░█░█▄▄▄█░░░█▄ ASIC RESISTANT, NIST5 (LESS ENERGY/STRONGER SECURITY) GPU MINING ▄█▄    Twitter   ▄█
hisuka
Sr. Member
****
Offline Offline

Activity: 420


INS Ecosystem


View Profile
October 10, 2017, 10:12:48 PM
 #45

I will like to have your view on this?  Can government's regulatory agency actually determined how bitcoin or others coins be use? If governments cannot regulate a currency be it fiat or cryptocurrency, are we having our financial freedom or investing in something that is going to create inflation and another financial crisis in future? What is the advantage or disadvantage of bitcoin unregulated? Thank, your view will be appreciated.


There is a great possibility that bitcoin can be manipulated by government agencies. With that, it will have a great effect with it's price stability.

I guess, when btc is manipulated there will be a limited transactions and may observe some rules and tax may implemented also.

I can see in the future there is a big possibility to make it happen. Because there are some countries has been do legalization and regulated by the government. I agree with others it can really happen manipulated by the government but some countries bitcoin is not yet legalized. Somehow it is okay and benefited them because it hasnt legalized yet and no tax involved during transaction.


███ █ █
███ █ █
███ █ █
███ █ █
███ █ █
███ █ █
███ █ █
███ █ █
███ █ █
███ █ █
███ █ █
███ █ █
███ █ █

█ █ ███
█ █ ███
█ █ ███
█ █ ███
█ █ ███
█ █ ███
█ █ ███
█ █ ███
█ █ ███
█ █ ███
█ █ ███
█ █ ███
█ █ ███
●  Whitepaper
●  ANN Thread
●  Reddit
●  Telegram
●  Twitter
●  Facebook

███
███
███
███
███
███
███
███
███
███
███
███
███
batang_bitcoin
Hero Member
*****
Offline Offline

Activity: 630

★YoBit.Net★ 350+ Coins Exchange & Dice


View Profile
October 10, 2017, 10:27:21 PM
 #46

I will like to have your view on this?  Can government's regulatory agency actually determined how bitcoin or others coins be use?

Yes, just like in China they have figured it out on how to use bitcoin and other alt coins, look at the ICOs they were ban because of misuse and just for crowdfunding without any good project.

If governments cannot regulate a currency be it fiat or cryptocurrency, are we having our financial freedom or investing in something that is going to create inflation and another financial crisis in future?
If the government cannot regulate a currency/crypto it will be a problem to them since their citizens won't pay tax.

What is the advantage or disadvantage of bitcoin unregulated? Thank, your view will be appreciated.

Advantage of bitcoin unregulated is that you are not obliged to pay tax and you are free of it's use wherever you are in your country. Disadvantage is that they'll know your transactions, they can easily track it and you've got limitations when transacting.

maeusi
Sr. Member
****
Offline Offline

Activity: 266


View Profile
October 10, 2017, 10:38:40 PM
 #47

No, China didn't regulate Bitcoin and its hard to regulate directly, because it is decentralized. Just put high taxes on Bitcoin, offer as government a low taxed crypto and you can take take influence to Bitcoin.


███
███
███
███
███
███
███
███
███
███
███
███
ICO DEC 5, 2017 13.00 UTC
WEBSITE | MEDIUM | TWITTER TELEGRAM

███
███
███
███
███
███
███
███
███
███
███
███
....FUNDCRU....
BLOCKCHAIN-POWERED FUNDRAISING PLATFORM

███
███
███
███
███
███
███
███
███
███
███
███
.ex-Vormetric CTO,
.
ex-Make-A-Wish CEO

███
███
███
███
███
███
███
███
███
███
███
███
josh07
Full Member
***
Offline Offline

Activity: 140


View Profile
October 14, 2017, 07:10:42 AM
 #48

yes, even if our president still supports it the more it gets in our country is that bitcoin can help in our country especially the poor people will give them hope for the new life and the bad ones will also be reduced because the bitcoin is open to all anything else if this bitcoin effect in our colt is likely to be permanent.

✓✓  verify   ★★★★★  The Ethereum-powered Reputation Platform for Commerce
The Future of Reputation   //  WHITEPAPER  //
████████████│       MEDIUM      |      Live Chat on DISCORD       │████████████
Swinging Phallus
Member
**
Offline Offline

Activity: 98


View Profile
October 14, 2017, 08:15:26 AM
 #49

i brought this up on another topic. I think that it will be a very hard task to be able to regulate bitcoin, although transactions can be traced - wallets can easily be conjured and discarded at will creating a lengthy trail, but it IS possible to regulate. Cryptocurrencies are slowly gaining traction in their introduction to the vast majority and in a matter of time it will be inevitable not to notice. BTC is already in the SEC's radar. I think that instead of BTC being banned in most countries we may see the opposite - it will be introduced as a new frontier like that of the internet. We may even see government identification and social security becoming a mandatory protocol in block chain technologies adapted by large fiat banks. Every node identified.

Indrawan77
Hero Member
*****
Offline Offline

Activity: 658



View Profile
October 14, 2017, 08:16:29 AM
 #50

The government can make regulation but bitcoin cant be regulated, there will be a lot of way to used bitcoin, and it got the potential to create inflation,  if it's unregulated the risks will be a lot of scammer wandering around freely, because it will be very difficult to know the villain,  but I still prefer bitcoin unregulated, I really like the freedom that bitcoin gives us

||▄▄▀▀▀▀▄            ▄▀▀▀▀▄▄
█▀▀▄   ▀▀▄      ▄▀▀   ▄███
█   █▀▄   ▀▀▄▄▀▀   ▄██████
█   █  ▀▀▄      ▄█████████
█   █     ▀▀▄▄██████▀▀████
█   █        ████▀  ▄▄████
█   █        █▀  ▄▄███████
█   █         ▄▄████▀▀████
█    ▀▄      ████▀  ▄▄████
 ▀▀▄   ▀▀▄   █▀  ▄█████▀▀
    ▀▀▄   ▀▀▄▄▄█████▀▀
       ▀▀▄   ████▀▀
          ▀▀▄█▀▀
▄▄▀▀▀▀▄            ▄▀▀▀▀▄▄
█▀▀▄   ▀▀▄      ▄▀▀   ▄███
█   █▀▄   ▀▀▄▄▀▀   ▄██████
█   █  ▀▀▄      ▄█████████
█   █     ▀▀▄▄██████▀▀████
█   █        ████▀  ▄▄████
█   █        █▀  ▄▄███████
█   █         ▄▄████▀▀████
█    ▀▄      ████▀  ▄▄████
 ▀▀▄   ▀▀▄   █▀  ▄█████▀▀
    ▀▀▄   ▀▀▄▄▄█████▀▀
       ▀▀▄   ████▀▀
          ▀▀▄█▀▀
[]|
Pixyoxx
Member
**
Offline Offline

Activity: 70


View Profile
October 30, 2017, 05:01:44 PM
 #51

The government cannot completely have full control over bitcoins but they can definetely try and regulate it by allowing its acceptance, properly advertising it, and increasing trust in the citizens.

Because of its popularity and user base we may in coming years see govt. regularise cryptocurrencies with some moderation may be.
zombie6
Sr. Member
****
Offline Offline

Activity: 359



View Profile
November 10, 2017, 10:01:20 PM
 #52

At us in Russia Roskomnadzor only bans the exchange so far) and then the Chinese are still no body movements
 Grin Grin Grin

SPECTRE                ▄▄███▄▄
 ▄▄███▀▀▀▀▀███▄▄
▄▄      ▄▄███▀▀ ▄▄███▄▄ ▀▀███▄▄      ▄▄
████▄▄  ▀▀▀ ▄▄███████████▄▄ ▀▀▀  ▄▄████
 ▀▀████▄    ▀▀█████████▀▀    ▄████▀▀
 ██▄▄ ▀██ █▄▄    ▀▀▀▀▀    ▄▄█ ██▀ ▄▄██
 ▀▀███ ██ █████▄       ▄█████ ██ ███▀▀
  ██ ███████▄   ▄███████ ██
 ██ ████████   ████████ ██
 ██▄▄ ▀▀████   ████▀▀ ▄▄██
 ▀▀███▄▄ ▀▀   ▀▀ ▄▄███▀▀
 ▀▀███▄▄▄▄▄███▀▀
 ▀▀███▀▀
             │
 │      ███
 │      ███
    │     ███
███  │     ███
███ ███ ███ ███
███ ███ ███ ███
███ ███ ███ ███
███ ███ ███ ███
███ ███     │
███ ███     │
    │
 
▬▬     WHITEPAPER    ▬▬
FACEBOOK     TELEGRAM
TWITTER     SLACK     MEDIUM
.
PRE-SALE.
PUBLIC SALE.
pinkpanther03
Hero Member
*****
Offline Offline

Activity: 532



View Profile
November 10, 2017, 10:43:12 PM
 #53

I will like to have your view on this?  Can government's regulatory agency actually determined how bitcoin or others coins be use? If governments cannot regulate a currency be it fiat or cryptocurrency, are we having our financial freedom or investing in something that is going to create inflation and another financial crisis in future? What is the advantage or disadvantage of bitcoin unregulated? Thank, your view will be appreciated.

We all know that Bitcoin was categorized in unregulated system while government was regulated, So with this things it is not possible that bitcoin can become a regulated due to its decentralization, it can only be happen that once bitcoin be legalize in one country they could give some restriction and give some regulations. That's all I know about it Smiley

LeGaulois
Hero Member
*****
Offline Offline

Activity: 532


View Profile
November 10, 2017, 10:45:49 PM
 #54

Yes, I think that soon the government will regulate bitcoin since the authorities are not profitable when people can freely manage their funds and not pay taxes.

You're wrong. You can't regulate Bitcoin and you have to pay taxes with Bitcoin as well. Not doing it is called frauding your country, friends, and family.
As I said you can't regulate Bitcoin as it is decentralized and nobody can control it. But in the opposite governments can regulate the ecosystem, the service related to Bitcoin etc. But it's totally different.

Getmon
Sr. Member
****
Offline Offline

Activity: 327


Coinlancer.io ICO | Oct 14th


View Profile
November 10, 2017, 10:52:51 PM
 #55

I will like to have your view on this?  Can government's regulatory agency actually determined how bitcoin or others coins be use? If governments cannot regulate a currency be it fiat or cryptocurrency, are we having our financial freedom or investing in something that is going to create inflation and another financial crisis in future? What is the advantage or disadvantage of bitcoin unregulated? Thank, your view will be appreciated.

Bitcoin can actually be regulated. There are countries right now that allow Bitcoin's existence but they are within some government regulations. If governments can ban Bitcoin, they could also regulate its use but only within their specific territory. In terms of fiat currency, it is of course moving according to the plans and analysis of each country's central banks. Bitcoin unregulated means freedom and instability in value because the world's demand is changing every second. 

          ▄████▄
          ██  ██
 ▄▄▄▄     ▀████▀     ▄▄▄▄
██▀▀██     ▄▄▄▄     ██▀▀██
██▄▄███▄▄██▀▀▀▀██▄▄███▄▄██
 ▀▀▀▀ ▀██▀▄████ ▀██▀ ▀▀▀▀
       ██ ██     ██
 ▄▄▄▄  ██▄▀████ ▄██  ▄▄▄▄
██▀▀██  ▀██▄▄▄▄██▀  ██▀▀██
██▄▄██     ▀██▀     ██▄▄██
 ▀▀▀▀     ▄████▄     ▀▀▀▀
          ██  ██
          ▀████▀
Coinlancer
          ▄▄████████▄▄
      ▄▄████████████████▄▄
    ▄█████████████████████▄
   ▄████████████████████████▄
  ████████████████████████████
█████████████████████████████▄
████████████████████████████████
██████████████████████████████
███████████████████████████████
████████████████████████████████
███████████████████████████████
▀█████████████████████████████▀
  █████████████████████████
   ▀███████████████████████▀
    ▀█████████████████████▀
      ▀▀████████████████▀▀
          ▀▀████████▀▀
CL
WHITEPAPER         ANN THREAD
Coinlancer
FACEBOOK     TWITTER     MEDIUM     TELEGRAM
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
!!
RenegadeMind
Hero Member
*****
Offline Offline

Activity: 616


THINK IT, BUILD IT, PLAY IT! --- CHIMAERA


View Profile WWW
November 11, 2017, 02:28:00 AM
 #56

You can pass a law saying that the Sun may only rise after 8 am, and must stay at high noon position for at least 25% of the day.

Doesn't mean it's going to work.

The issue isn't about regulating Bitcoin -- it's about whether or not it can be enforced.

It can't.

Because people will simply start using Zcash, Monero, or some other privacy-centric coin that offers real anonymity.



██████████████████            ██████████
████████████████              ██████████
██████████████          ▄█   ███████████
████████████         ▄████   ███████████
██████████        ▄███████  ████████████
████████        ▄█████████  ████████████
██████        ▄███████████  ████████████
████       ▄██████████████ █████████████
██      ▄███████████████████████████████
▀        ███████████████████████████████
▄          █████████████████████████████
██▄         ▀███████████████████████████
████▄        ▀██████████████████████████
██████▄        ▀████████████████████████
████████▄        ████████████████▀ █████
██████████▄       ▀█████████████  ██████
████████████▄       ██████████   ███████
██████████████▄      ▀██████    ████████
████████████████▄▄     ███     █████████
███████████████████▄    ▀     ██████████
█████████████████████▄       ███████████
███████████████████████▄   ▄████████████





▄█████████████████   ███             ███   ███   ███▄                ▄███            █████            ████████████████   ████████████████▄             █████
███▀                 ███             ███   ███   ████▄              ▄████           ███████           ███                ███           ▀███           ███████
███                  ███             ███   ███   █████▄            ▄█████          ███▀ ▀███          ███                ███            ███          ███▀ ▀███
███                  ███             ███   ███   ███ ███▄        ▄███ ███        ▄███▀   ▀███▄        ███                ███           ▄███        ▄███▀   ▀███▄
███                  ███████████████████   ███   ███  ▀██▄      ▄██▀  ███       ▄███▀     ▀███▄       ████████████████   ████████████████▀        ▄███▀     ▀███▄
███                  ███             ███   ███   ███   ▀███    ███▀   ███      ▄███▀       ▀███▄      ███                ███        ███          ▄███▀       ▀███▄
███                  ███             ███   ███   ███    ▀███  ███▀    ███     ▄███▀         ▀███▄     ███                ███         ███        ▄███▀         ▀███▄
███▄                 ███             ███   ███   ███      ██████      ███    ▄███             ███▄    ███                ███          ███      ▄███             ███▄
▀█████████████████   ███             ███   ███   ███       ████       ███   ▄███               ███▄   ████████████████   ███           ███    ▄███               ███▄

|
  TRUE BLOCKCHAIN GAMING PLATFORM 
DECENTRALISED AUTONOMOUS UNIVERSES

  HOME PAGE                                                                  WHITE PAPER 
|
dissgo
Full Member
***
Offline Offline

Activity: 140


View Profile
November 11, 2017, 02:37:26 AM
 #57

Probably it can be, but I don't agree since bitcoin is decentralized.
Cause when government or maybe bank is in, then it means they can push up and down the price significantly.


coinpimp321
Newbie
*
Offline Offline

Activity: 28


View Profile
November 11, 2017, 02:42:01 AM
 #58

one angle that is not often heard is what happens when governments put up their own crypto and mandate general population usage.
Hamstead
Sr. Member
****
Offline Offline

Activity: 326


View Profile
November 11, 2017, 03:35:18 AM
 #59

Probably it can be, but I don't agree since bitcoin is decentralized.
Cause when government or maybe bank is in, then it means they can push up and down the price significantly.


Although it might happen in the future but in terms of controlling its price is hardly to take. Knowing that bitcoin is decentralized, and it wouldn't have any possibilities that it could be manipulate by anyone even though it is being regulated.
Maybe its being regulated not ia@n the way of controlling but it is made to set rules and regulations to improved its efficiency and build-up a strong foundation. In this way, people will strongly trust bitcoin and other crypto currencies.

████████████████████████████
████████▄▄████████▄▄████████
█████▄███▀▀██████▀▀███▄█████
██████▀███▄█▄██▄▄████▀██████
████████████████▄▄████████
████████████████████████████
████▄▄███████████████▄████
████▄████████████████▀████
████████████████████████████
████████▀▀▀████▀█▀█████████
██████▄██████████████▄██████
█████▀███▄▄██████▄▄███▀█████
████████▀▀████████▀▀████████
████████████████████████████
Truckcoin










For The Fastest Decentralized Global Market
▬▬     ANN Thread     WhitePaper     Twitter     Facebook     Google+     ▬▬






















Sled
Hero Member
*****
Offline Offline

Activity: 672

★YoBit.Net★ 350+ Coins Exchange & Dice


View Profile
November 11, 2017, 04:18:24 AM
 #60

Bitcoin can be easily regulated by the people who are in the government and have the power to declare law that will be followed by the people in their country. Regulating bitcoin is common in some of the countries because that is how they can make sure that bitcoin has its safety and it will not become a threat. Bitcoin is a good currency but it has its own dark side so i think it is just good for bitcoin to be regulated.

alisafidel58
Full Member
***
Online Online

Activity: 140



View Profile
November 11, 2017, 04:39:32 AM
 #61

This question has been ask here for a long period of time and the answer will always be "NO", Bitcoin cant be regulated by anyone nor a powerful government cant.
Bitcoin doesnt have a main server to begin with thats why it cant be regulated.

vv181
Sr. Member
****
Online Online

Activity: 280


★Bitvest.io★ Play Plinko or Invest!


View Profile
November 11, 2017, 04:52:10 AM
 #62

regulating bitcoin is how government deal with decentralized digital currency because it prevents tax evasion and money laundering, but for an average user who wants to seek for anonymity and privacy will lose their right. and it's not the nature of bitcoin who had vision and mission for decentralized peer to peer cash system.



BITVEST DICE
HAS BEEN RELEASED!


▄████████████████████▄
██████████████████████
██████████▀▀██████████
█████████░░░░█████████
██████████▄▄██████████
███████▀▀████▀▀███████
██████░░░░██░░░░██████
███████▄▄████▄▄███████
████▀▀████▀▀████▀▀████
███░░░░██░░░░██░░░░███
████▄▄████▄▄████▄▄████
██████████████████████
▀████████████████████▀
▄████████████████████▄
██████████████████████
█████▀▀█▀▀▀▀▀▀██▀▀████
█████░░░░░░░░░░░░░▄███
█████░░░░░░░░░░░░▄████
█████░░▄███▄░░░░██████
█████▄▄███▀░░░░▄██████
█████████░░░░░░███████
████████░░░░░░░███████
███████░░░░░░░░███████
███████▄▄▄▄▄▄▄▄███████
██████████████████████
▀████████████████████▀
▄████████████████████▄
███████████████▀▀▀▀▀▀▀
███████████▀▀▄▄█░░░░░█
█████████▀░░█████░░░░█
███████▀░░░░░████▀░░░▀
██████░░░░░░░░▀▄▄█████
█████░▄░░░░░▄██████▀▀█
████░████▄░███████░░░░
███░█████░█████████░░█
███░░░▀█░██████████░░█
███░░░░░░████▀▀██▀░░░░
███░░░░░░███░░░░░░░░░░
▀██░▄▄▄▄░████▄▄██▄░░░░
▄████████████▀▀▀▀▀▀▀██▄
█████████████░█▀▀▀█░███
██████████▀▀░█▀░░░▀█░▀▀
███████▀░▄▄█░█░░░░░█░█▄
████▀░▄▄████░▀█░░░█▀░██
███░▄████▀▀░▄░▀█░█▀░▄░▀
█▀░███▀▀▀░░███░▀█▀░███░
▀░███▀░░░░░████▄░▄████░
░███▀░░░░░░░█████████░░
░███░░░░░░░░░███████░░░
███▀░██░░░░░░▀░▄▄▄░▀░░░
███░██████▄▄░▄█████▄░▄▄
▀██░████████░███████░█▀
▄████████████████████▄
████████▀▀░░░▀▀███████
███▀▀░░░░░▄▄▄░░░░▀▀▀██
██░▀▀▄▄░░░▀▀▀░░░▄▄▀▀██
██░▄▄░░▀▀▄▄░▄▄▀▀░░░░██
██░▀▀░░░░░░█░░░░░██░██
██░░░▄▄░░░░█░██░░░░░██
██░░░▀▀░░░░█░░░░░░░░██
██░░░░░▄▄░░█░░░░░██░██
██▄░░░░▀▀░░█░██░░░░░██
█████▄▄░░░░█░░░░▄▄████
█████████▄▄█▄▄████████
▀████████████████████▀




Rainbot
Daily Quests
Faucet
katinko
Member
**
Offline Offline

Activity: 112


View Profile
November 11, 2017, 05:01:55 AM
 #63

I do not think so, bitcoin is already legal in our country but our government did not gives some rules and regulation about digital currency they just state that they will support some exchange of digital currency i think because government do not know how to put regulation for non cash currency they only see the good benefits to people and it can helps to increase the economy of our country

kimpena
Full Member
***
Offline Offline

Activity: 196



View Profile
November 11, 2017, 05:05:59 AM
 #64

I will like to have your view on this?  Can government's regulatory agency actually determined how bitcoin or others coins be use? If governments cannot regulate a currency be it fiat or cryptocurrency, are we having our financial freedom or investing in something that is going to create inflation and another financial crisis in future? What is the advantage or disadvantage of bitcoin unregulated? Thank, your view will be appreciated.
If bitcoin will be legalize to all countries in the world, bitcoin price must be stable first. So that government can regulate it, they may determine, somehow its price for tomorrow. If bitcoin will be regulated by the government agencies, it will lessen the power of bitcoin. It may be like with the gold, which is regulated by the government. They will give focus on it, and they will study it harder to knkw more deeper about it.

[ Globitex ] Linking Digital Currency to Global Trade
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ⇩⇩⇩ Download WHITEPAPER ⇩⇩⇩ ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
▅▅▅▅▅▅▅▅▅▅▅▅▅  FacebookTwitter LinkedIn Reddit  ▅▅▅▅▅▅▅▅▅▅▅▅▅
BTCbengi
Member
**
Offline Offline

Activity: 112


View Profile
November 11, 2017, 05:27:30 AM
 #65

I do not think the government can regulate and control Bitcoin. It belongs to the creator of Bitcoin, who is the one who has the power to decide everything. Besides, I do not like Bitcoin being bound or having too many rules about it. Because it may be the loss of freedom Bitcoin brings to the user

    ▨    ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬   WORLDCORE   ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬    ▨   
«  RELIABLE INVESTMENT INTO OPERATING BUSINESS OF WORLDCORE PAYMENT INSTITUTION  »
▨   website   -   twitter   -   facebook   -   telegram   -   slack       ▶ ICO OCT 14TH, 2017 ◀    ▨
Pages: 1 2 3 4 [All]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!