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[kamikadze69]

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[ninabobo]

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

I think every rule that involves bitcoin in it will always be different in each country.
and all that there is always debate every policy and decision, yes I guess that's how it happens.

[xIIImaL]

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.

[nrvasquez]

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.

[stompix]

However, regulation is not good for any bitcoin users.

That depends a lot.
And it depends on how the regulation will work and what does that mean.
If bitcoin will be treated as a currency and that's all there will be no problems. Same as declaring it a legal tender in the country.

The problem will be taxation.
Even now, if you buy something with bitcoin in most countries you pay tax.
I know because I paid in a restaurant and the receipt clearly mentioned the VAT.

So as longs as you buy from legal merchants and not from the black market you pay taxes, even without regulations.
People sometimes forget that bitcoin won't help you much more than cash if you're going for tax evasion.

[DimaS1574]

For me goverment  can  catch a great opportunity  to rich budget  if  will start   regulation  bitcoin activity, but, first, goverment has  to accept bitcoin as a legal  currency

[anggriani]

I think government regulation is not so important in the world of crypto. Without interfering from the government, crypto continues to run and take place. But if the government supports the crypto it will add a positive influence, especially in the economic field.

[Linuld]

However, regulation is not good for any bitcoin users.

That depends a lot.
And it depends on how the regulation will work and what does that mean.
If bitcoin will be treated as a currency and that's all there will be no problems. Same as declaring it a legal tender in the country.

The problem will be taxation.
Even now, if you buy something with bitcoin in most countries you pay tax.
I know because I paid in a restaurant and the receipt clearly mentioned the VAT.

So as longs as you buy from legal merchants and not from the black market you pay taxes, even without regulations.
People sometimes forget that bitcoin won't help you much more than cash if you're going for tax evasion.

Once the governament accept bitcoins means we will have only problems and that will benefit for governament. becasue they will start to collect tax on every bitcoin payment. The bitcoin is famous for N number of amount transaction for no tax. if we want to pay tax means then who will use this bitcoin everyone will use fiat money.

[RodeoX]

Once the governament accept bitcoins means we will have only problems and that will benefit for governament. becasue they will start to collect tax on every bitcoin payment. The bitcoin is famous for N number of amount transaction for no tax. if we want to pay tax means then who will use this bitcoin everyone will use fiat money.

It is important to remember that, despite what people say, there has never been a time when bitcoin was untaxed. This makes your argument about using fiat confusing because you will still have to pay tax. Tax and bitcoin are two different topics because whether you use dollars, euros, or carrots, you always owe tax on your gain.

[LoyceV]

It is important to remember that, despite what people say, there has never been a time when bitcoin was untaxed. This makes your argument about using fiat confusing because you will still have to pay tax. Tax and bitcoin are two different topics because whether you use dollars, euros, or carrots, you always owe tax on your gain.

Not all countries have a capital gain tax. Example: the Netherlands, my country of residence, doesn't have it.
We have many other (high) taxes, just not this one.

[BurstIncomeAsset]

Once the governament accept bitcoins means we will have only problems and that will benefit for governament. becasue they will start to collect tax on every bitcoin payment. The bitcoin is famous for N number of amount transaction for no tax. if we want to pay tax means then who will use this bitcoin everyone will use fiat money.

It is important to remember that, despite what people say, there has never been a time when bitcoin was untaxed. This makes your argument about using fiat confusing because you will still have to pay tax. Tax and bitcoin are two different topics because whether you use dollars, euros, or carrots, you always owe tax on your gain.

There was a time when there was no specific rules rules about bitcoin taxes and bitcoin was under the radar, so hide it and even use it as a way to transfer bitcoin oversea was too easy.

Good time, but looks like regulations bring confidence and higher prices

[mondobitcoin]

I think that no government can influence the bitcoin
Bitcoin is a separated world and it have his own rules

[hunterkrypto]

t all depends on your country whether the government there legalize bitcoin or not. in some countries the government legalizes bitcoin but is different from china which he says prohibits bitcoin in their country (I do not understand if it is just their speculation only). but if the government legalizes bitcoin whether each bank can have a percentage of interest per day / week / month / year because the average people prefer to invest with bitcoin in the bank's appeal in that country.
in any case there are positives and negatives if a country legalizes bitcoin or other coins.

[orions.belt19]

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.

The impact of government regulation may vary and differ depending on how it will turn out. Government regulations may eventually impose taxes because that is their way of generating revenue. This would be negative for the bitcoin users because they'd then have to pay extra for the transactions. A limit on acquiring bitcoins may also be imposed by the government regulations which would be negative for the bitcoin users as well.

[RodeoX]

It is important to remember that, despite what people say, there has never been a time when bitcoin was untaxed. This makes your argument about using fiat confusing because you will still have to pay tax. Tax and bitcoin are two different topics because whether you use dollars, euros, or carrots, you always owe tax on your gain.

Not all countries have a capital gain tax. Example: the Netherlands, my country of residence, doesn't have it.
We have many other (high) taxes, just not this one.

There was a time when there was no specific rules rules about bitcoin taxes and bitcoin was under the radar, so hide it and even use it as a way to transfer bitcoin oversea was too easy.

Good time, but looks like regulations bring confidence and higher prices

Those are both good points. I was thinking of the U.S., but liability in any country could range from owing no tax to being barred from even using bitcoin. And it may still be true that no government has the ability to cost effectively pursue crypto users at any scale.  
I am happy to pay cap gains because it is a minimal tax normally reserved for the rich. Consider that the money you work your ass of to get through labor is taxed at twice the rate of cap gains.

[amacar2]

With strong government regulation it will be quite hard for people to buy bitcoin and they might have to go through P2P trading where seller can charge any amount which can have positive effect on bitcoin price but tracking trading volume and market momentum will be quite hard for usual bitcoin traders without any legal/registered trading platform.

I think overall effect of government regulation will be negative one but price wise effect might look positive.

[rababo]

bitcoin regulation in my country is still illegal. but that doesn't much affect anything. so I think Government regulation is not so important, and so far bitcoin is still running. even investors and increasing the volume of exchanges continue to grow.
 

[pucunghul]

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

I think every country has rules and policies about bitcoin. all are not the same, always have different legal sides. whether it is profitable or difficult. yes whatever it is if if the state has taken part, inevitably we have to obey it.

[SummerBliss]

Bitcoin is a decentralised currency that should ideally be free of government regulations. But governments just can't let a decentralized monetary system to derive the financial system. So, they will regulate it either in favor of it or against it. We just can escape government in such matters. More regulations to come from many more countries in future.

[Marry Finch]

The state has the right to take specific steps to regulate the circulation of crypto currency in this country. This may include taxation on profits from operations with the crypto currency, the procedure for making transactions, and so on. However, for cryptovplaty, encroachment on its basic principles of existence would be unacceptable, especially regarding the decentralization of the crypto currency and its anonymity in transactions.