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Author Topic: How do you think, will states be able to regulate the crypto currency?  (Read 3081 times)
Gozie51
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November 10, 2017, 06:56:30 PM
 #61

My own opinion is, they should be a regulatory body were all up coming ICO should be verified to a standard before they are allowed to flag of.... There team should be check and contacted, there company should be verified... and the problem they tend to solve me be unique else they should not approve the ICO... this will help a long way

This is one area that regulation might help the users. Checking Icos is important so that they don't just come and leave investors in more debt. Hence, even if total regulation from mining to everything about cryptos might be difficult at least that of Icos is important.

For instance, some icos come promising goodies while their site are prone to collapse when hit by traffic of subscribers, just like we are witnessing in many ico site now, because they either didn't do their research very well, they are incompetent or not ready.

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November 13, 2017, 08:35:13 AM
 #62

Bitcoin is a international virtual money states must first allow in here legislation the methods of using and the transactions of bitcoin but this needs an intervention of the Central Bank for this state.
persons can speculate their transaction of bitcoin not in legal market.
but now there's many countries are accepting bitcoin we hope that the others states do the same thing

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November 13, 2017, 05:53:50 PM
 #63

Bitcoin is a international virtual money states must first allow in here legislation the methods of using and the transactions of bitcoin but this needs an intervention of the Central Bank for this state.
persons can speculate their transaction of bitcoin not in legal market.
but now there's many countries are accepting bitcoin we hope that the others states do the same thing
Why do you need it? So you want to quickly get into slavery? I don't understand those people who want the state to regulate the cryptocurrency market. Then what bitcoin is different from Fiat? Bitcoin has been given to us so that we escaped from under the control of the state. If you are satisfied, use Fiat.

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November 18, 2017, 01:58:46 AM
 #64

States can regulate cryptocurrency by the use of controlling the transactions around it, for example they can issue a tax towards every transaction for buying and selling crypto currency, by that you can regulate and control the flow of cryptocurrency.

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November 18, 2017, 04:59:38 PM
 #65

How do you think, will states be able to regulate the crypto currency?

If you are pertaining on regulating all of the crypto currency then that will be impossible since part of it's feature is that it is somehow anonymous so no one has the exact and complete ledger of the names of the people who own coins and tokens and the amount that they own. In order for the states to regulate it this is the first details that they need to have.

So for the state to regulate crypto currency they need to start from square one which means abolishing all existing crypto currency and doing a state governed crypto currency from the start, which I think will not succeed.
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November 19, 2017, 09:01:05 AM
 #66

I think government will implement that all business, stores or any services need to submit all the transactions that they have that involves crypto. They can track everyone so they will know who will they tax or others who are using cryptos that came from money laundering.
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November 19, 2017, 12:58:52 PM
 #67

Its good to regulate bitcoin and if that is states,i think its good because they already rich people not like other country but if they do bad things.I think no one will listen if that will happen,Bitcoin is already good now so even states dont regulate bitcoin i think its going well also

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December 07, 2017, 03:42:17 PM
 #68

The coordination of government and the company and management of bitcoin will help to stabilize the regulate the system in field of cryptocurrency; with this they can help each other to provide a organize system in all aspects.

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December 10, 2017, 03:06:25 AM
 #69

Crypto still go down to fiat so I think government will oblige their local exchanges to tax every conversion and withdrawal that is made by the owner of btc and crypto.

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December 10, 2017, 10:18:00 AM
 #70

Crypto still go down to fiat so I think government will oblige their local exchanges to tax every conversion and withdrawal that is made by the owner of btc and crypto.
I don't know what it will give to the government. It seems to me that it makes no sense to require exchanges to report all exchange transactions and findings. On the exchange there are people from different countries and the taxes they must pay in their countries. States enough to control the flow of money to Bank accounts in order to collect all their citizens taxes.



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December 10, 2017, 10:55:45 AM
 #71

Actually of course it could be I think, if the people and governments really knows more deeply and understand all things related to crypto currency. will definitely be able to regulate crypto currency (bitcoin) and makes a crypto currency (bitcoin) as an alternative currency for the community, but yeah.. it seems that most countries that haven't legalized bitcoin, is still worried about the risks that will adversely affect the country's financial system, as well as the country's economy.
But it doesn't rule out the possibility as time goes by.. I think some countries would be more of loud thinking on crypto currency, it could be that some governments on each countries will trying to legalize bitcoin and regulating it with the rules.

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warrior333
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December 10, 2017, 11:33:55 AM
 #72

Actually of course it could be I think, if the people and governments really knows more deeply and understand all things related to crypto currency. will definitely be able to regulate crypto currency (bitcoin) and makes a crypto currency (bitcoin) as an alternative currency for the community, but yeah.. it seems that most countries that haven't legalized bitcoin, is still worried about the risks that will adversely affect the country's financial system, as well as the country's economy.
But it doesn't rule out the possibility as time goes by.. I think some countries would be more of loud thinking on crypto currency, it could be that some governments on each countries will trying to legalize bitcoin and regulating it with the rules.
Why is it the people? In legalizing cryptocurrencies interested in the first place the government. I am sure that the state will act repressively. Let me remind everyone that bitcoin was invented to give people freedom. Cryptocurrency is part of a free economy. Any legalization that would be to deprive us of our freedom. The state has Fiat. They let him govern. If the government is fairly distributing the income from the bitcoin economy would not have been born.

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stomachgrowls
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December 10, 2017, 04:44:39 PM
 #73

Actually of course it could be I think, if the people and governments really knows more deeply and understand all things related to crypto currency. will definitely be able to regulate crypto currency (bitcoin) and makes a crypto currency (bitcoin) as an alternative currency for the community, but yeah.. it seems that most countries that haven't legalized bitcoin, is still worried about the risks that will adversely affect the country's financial system, as well as the country's economy.
But it doesn't rule out the possibility as time goes by.. I think some countries would be more of loud thinking on crypto currency, it could be that some governments on each countries will trying to legalize bitcoin and regulating it with the rules.
Why is it the people? In legalizing cryptocurrencies interested in the first place the government. I am sure that the state will act repressively. Let me remind everyone that bitcoin was invented to give people freedom. Cryptocurrency is part of a free economy. Any legalization that would be to deprive us of our freedom. The state has Fiat. They let him govern. If the government is fairly distributing the income from the bitcoin economy would not have been born.
This is why Satoshi did have this kind of goal or plans while creating bitcoin which to really have the freedom to those people who are manipulators which is the government. There would be no equality when it comes on Local fiat this why Bitcoin is a revolutionary thing that make things possible to be freed out on this situation. People are just thinking off on legality or adoption because they are only seeing that they would able to use their bitcoin directly without even knowing on what would be the possible results would happen.


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ihsanskanzaone
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December 11, 2017, 12:08:53 PM
 #74

The way to organize it is that the government must have a bitcoin exchange place to fiat money and have a wallet managed by the state so that the government can manage and monitor the development of bitcoin. I think it's better than bitcoin to be illegal because it is considered a currency that weakens the currency and replaces the function of state banks.

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December 16, 2017, 09:10:47 AM
 #75

I think the United States of America has a capabilities that they can regulate the cryptocurrency in the whole world; since USA is a dominant and most powerful country in the whole world.
With them and the cooperation of other countries in the world they can build a big opportunity for a good life.

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