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loremz
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October 31, 2017, 04:26:12 AM
 #181

Every country have a different way to introduce about bitcoin aome are negative and some are poaitive
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October 31, 2017, 04:32:28 AM
 #182

I think government regulations can have a positive or even negative impact, if we look in a positive way then one of them is about the state income derived from taxes on each bitcoin transaction, the income will be very useful for the development of the nation itself, but if I think the negative side it is possible that there will be some rules that will make it hard for bitcoin entrepreneurs to own and do bitcoin transactions. However, government regulation is needed to prevent criminal acts that can be done using bitcoin.
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October 31, 2017, 09:44:03 AM
 #183

Regulation will be good in the long run as it brings more legitimacy to bitcoin usage.
Dubai seems keen on implementing blockchain to start.

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October 31, 2017, 10:27:05 AM
 #184

Positive side, government regulating bitcoin is a good sign to end any skepticism about Bitcoin not being legit and scam. Acceptance can turn other skeptical people to finally invest on digital currencies. With Bitcoin as the pioneer Cryptocurrencies and will it be regulated, other people may turn their interest also on new ICOs. Though, govt should focus monitoring the scam ICOs. USually, ponzi schemes.

One negative side, is that government should set their clear cut guidelines to monitor Bitcoin transactions. As the govt should not interfere with the anonymity of BTC transactions.

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zais
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October 31, 2017, 10:31:41 AM
 #185

whether government regulation is crucial to bitcoin survival, will it have a positive or even negative impact. What do you think ?
if indeed the government intervened in the bitcoin regulations of course we will face the problem, because in the government now the problem always come barrage, and in my opinion without the bitpone government still running even the users found a freedom in investing
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October 31, 2017, 10:36:38 AM
 #186

whether government regulation is crucial to bitcoin survival, will it have a positive or even negative impact. What do you think ?

I believe that it will have a positive impact because if bitcoin is going to be banned by the government, it will be all over the news and people are going to talk about it. In the attempt of taking down bitcoins, they instead would end up making it more popular and popularity/hype is what we need to make bitcoin go mainstream.

Bitcoin was made so people wouldn't have to be so controlled by the government. Even with the regulation, bitcoin will be still usable by the people because there is no way that the government can sensor everything about bitcoin. Even if they do, there will be ways to bypass ISP censorship through a VPN. This might be reason why other governments haven't banned bitcoin yet. It's pointless.

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Chukadiy
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October 31, 2017, 10:39:13 AM
 #187

whether government regulation is crucial to bitcoin survival, will it have a positive or even negative impact. What do you think ?

Apart from Japan none of the government takes any serious steps on the bitcoin and its growth. If anyone regulate the bitcoin under their financial system then bitcoin has to face many issues like taxation, banking usages and etc..
However, regulation is not good for any bitcoin users. They have to support or else they should close their mouth from criticizing bitcoins in a wrong way.

I agree with you on tax issues. if the regulation is applied, I think bitcoin users will be even more miserable for paying huge taxes. where the government keeps an eye on every transaction activity we make.

Apart from Japan none of the government takes any serious steps on the bitcoin and its growth. If anyone regulate the bitcoin under their financial system then bitcoin has to face many issues like taxation and  banking usages this will not help the bitcoin usage in any way
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October 31, 2017, 11:28:46 AM
 #188

whether government regulation is crucial to bitcoin survival, will it have a positive or even negative impact. What do you think ?

Obviously that's important. With bitcoin recognized by the government it will have a positive impact on the development of bitcoin. So that bitcoin users will be more exist and free to introduce bitcoin in others who do not know him.

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October 31, 2017, 11:47:33 AM
 #189

whatever regulation that created by government, it have positive and negative impact. like sword, have two taper's edge.
but if they rejected bitcoin, many people will harmed. and i think government too.
if they accept i dont know what disadvantages of it, but more profit will take from bitcoin.
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November 06, 2017, 09:51:14 PM
 #190

I don't think that governments banning Bitcoin have a huge impact on it. Some small countries have already banned Bitcoin and it didn't change anything at all. Exchange ban in China caused price to decrease by about 30% but it quickly recovered. Now China is thinking about unbanning Bitcoin. I'm not surprised at all, it had to happen.
Nilda
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November 07, 2017, 08:24:06 AM
 #191

Government regulation is must for any currency. Not only it will allay the fears of prospective investors but also help the product promote itself.

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November 07, 2017, 08:35:57 AM
Last edit: November 08, 2017, 01:48:45 PM by ihsanskanzaone
 #192

For now in my country there is still no rule about bitcoin. But the government has declared a ban on the use of bitcoin as a valid currency in Indonesia so that to spend it should be in exchange with Indonesian currency is the rupiah to be a valid means of exchange. However, despite Indonesia's ban by the government and banks, but bitcoin enthusiasts in Indonesia are still growing and ownership of bitcoins is still safe because there is no definite clarity about the bitcoin ban.
Altas
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November 07, 2017, 08:42:31 AM
 #193

The government of each country has got different opinion upon bitcoin. This makes them develop regulations according to the people of the country as well upon their necessity. Very few have shown signs of positive acceptance in the legal regulations of bitcoin within the country.
trungnhatnguyen06
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November 07, 2017, 08:56:12 AM
 #194

whether government regulation is crucial to bitcoin survival, will it have a positive or even negative impact. What do you think ?

28/10/2017, In Vietnam, The State Bank of Vietnam announced that the use of Bitcoin and similar virtual currency would be fined 150 to 200 million dong.

The bank's statement states that "Bitcoin and other similar virtual currencies are not legal means of payment in Vietnam", the issuance, provision and use of them as a means of payment are " prohibited behavior in Vietnam.

It is depend on each country  Grin
Bambinoe
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November 07, 2017, 09:09:46 AM
 #195

Bitcoin is still not legal tender in my country neither is any other crypto currency. But its still utilized by many as long as you have got the system and internet to participate.

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November 10, 2017, 09:41:45 AM
 #196

As long as the government don't have any regulation with regards to bitcoin everyone will be free to whatever they like.
webdevmastery
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November 10, 2017, 10:04:02 AM
 #197

whether government regulation is crucial to bitcoin survival, will it have a positive or even negative impact. What do you think ?

It depends on the government how they were gonna use bitcoins, The problem will only occur if the government in your country is corrupted and they might manipulate the value like placing tax on it and it will be harder for us to earn more profit.
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November 10, 2017, 10:10:40 AM
 #198

Cyprus IS IN THE EU and Europe is very pro blockchain in general. Here the tax laws are very good and because it is a decent and stable country, I don't think there will be a problem with digital currency and Bitcoin in general. It's  small Island nation and not many are using Bitcoin and I must be still one of the minorities here, which in a way is quite fun to know.  Grin


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November 10, 2017, 11:53:00 AM
 #199

Bitcoin was designed to be impossible to regulate, Bitcoin knows no borders!

If they try to persecute every single person who trades Fiat money for bitcoin like they're going after drugs, not only will they fail in the same way, but they will raise awareness of bitcoin and expose the government's use of fiat as a control mechanism. I don't think government knows how competition works. They just know how force works. And if you don't use there special little inflated currency you will be thrown to a cage. Government doesn't like competitors of course they are putting red tape everywhere.
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November 10, 2017, 12:29:54 PM
 #200

Decentralised, peer to peer, autonomous nature, low transaction time & charges are the basic features of bitcoin.
Bitcoins become more popular due to these features.
If governments starts putting its own regulations they bitcoin may lose it autonomous nature.
Governments always try to alter and control currencies for their personal benefits.
Putting regulation on bitcoin transaction these governments may earn good revenue.
They may put taxes on every transaction.
Many countries have legalised bitcoins on some conditions, tax structure is being framed.
Bitcoins are world wide acceptance, government tax structure will differ from country to country, this may affect its acceptance in countries where taxes are heavy.
If governments are accepting bitcoin as it is then and then only they will keep its popularity, value and progress intact.
Regulation of Bitcoin in the government is involved a rigorous study because the nature Bitcoin or some currency is different from traditional fiat money
Bitcoin is decentralized, anonymous, peer to peer transaction method, which is different in Traditional banking system were controlled by the government central bank. the only action of the government is to recognize Bitcoin or not . if they will recognized they will give policy which can protect the crypto currency operator of the country, but if not then they will considered it illegal.

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