Regulating Bitcoin

[sunnex100]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

[1714892760]

1714892760

[1714892760]

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[coin royal]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

yes i know that currency has been widely criticized because of lack id regulation but we know that bitcoin is that type of currency which people like and invest daily and if we see people all over the world invest in bitcoin only because bitcoin is full of benefits.

[GideonGono]

Regulate, yes but control, no. Don't belittle the government's power. Stricter KYCs and right set of laws will be the key to achieve an effective regulation.

[SushiMonster]

The lack of regulation of government with bitcoin is making its security easy to breach. Well although a lot of senior users here are very much knowledgeable in securing their bitcoins, a majority of new users - like me doesn't have an assurance that my bitcoin is safe. I'm just storing it on an online wallet because my bitcoin savings is not that big. However, I'm not sure that if ever my account got hacked, I can still process to make a run for it or like file a complaint. If the government is controlling/regulating bitcoin, there will be protocols that will be followed in every transaction, and they can trace any illegal doings. However, they can get a significant amount of money from bitcoin, well I just hope that if that time will happen, they will use the money for the people of the government.

[Lm2e4]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

I guess it is really possible because government always want to have control over almost certain things, and bitcoin can be included as well. That is why news about bitcoin in a country ended up in banning exchanges, and etc. But they still cannot control bitcoin I think, so the only solution for them is regulation. So possibilities still exist.

[Funeral Wreaths]

The lack of regulation of government with bitcoin is making its security easy to breach. Well although a lot of senior users here are very much knowledgeable in securing their bitcoins, a majority of new users - like me doesn't have an assurance that my bitcoin is safe. I'm just storing it on an online wallet because my bitcoin savings is not that big. However, I'm not sure that if ever my account got hacked, I can still process to make a run for it or like file a complaint. If the government is controlling/regulating bitcoin, there will be protocols that will be followed in every transaction, and they can trace any illegal doings. However, they can get a significant amount of money from bitcoin, well I just hope that if that time will happen, they will use the money for the people of the government.

it may be easy to breach but the problem here is that, if that is possible to happen more and more people would actually protest against it, i guess, its not also a nature of bitcoin to be controlled or be asked to follow tge government's protocols. Did you ever wonder if this will likely happen? I was also wondering about it since before, and we all knew that the government wont just sit still about it, but what's going to happen will always happen.

[Kattleya]

I think it's possible. Securities and broker dealers have SROs. If someone would have the initiative to create one for cryptocurrencies, then it can be regulated. I hope there would be one, in this way, people will be more confident in using cryptocurrencies.

[Chanock]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

Yeah you are correct that bitcoin is criticized widely because of lack of regulation. Bitcoin is lack or regulation because bitcoin is uncontrolled of anyone. Maybe the only can do of regulatory framework is a government once they adopt bitcoin and legalized it as they crypto currency. I read in one article that one country create a regulatory board for money laundering in bitcoin to avoid criminality incident through using bitcoin in currency exchange. I think this is a form of regulation when it come to bitcoin once government adopt it and legalized it..

[jakezyrus]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

bitcoin is invented to work independently that no one hold or regulates it not even govenments so , i think it will be forever this way and i dont know what will be the benefit of having a regulatory framework around bitcoin? it is to regulate users ? because there were so many bitcoin users nowadays and the network is really congested. anyways , its ok for me if they can implement it and if that can totally improved the way bitcoin works.

[Zackgeno96]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

There is a need to regulate the bitcoins if we want the Bitcoins to become a main stream currency. It is not possible without the government backing and I believe there should certain law related to cryptocurrency implemented by the local government; it will help to increase the trust for the bitcoins and to stabilize/increase the value.

[dewi91]

I think yes.. bitcoin need regulating in order to bitcoin more stable and people more believe bitcoin, but regulation still can't control bitcoin because the feature of bitcoin is decentralization..

[ScaryMe]

It is a big No no to us here in the forum for sure because we love the feature of bitcoin at all, no need to someone to regulate it for just the interest of one group so it is better if no one will gonna regulate it and let bitcoin be decentralized.

[000JC88]

A regulation of BTC it makes it officially as the world global currency...

[twobits]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

I think if that was possibly caused by a lot of the government from various countries already tried to do a research to make a regulation about the bitcoin. But the decentralized thing has made that will be more difficult than other.
The regulatory framework will be building to secure their civilians to invest in crypto.

[13abyknight]

That would be the last thing that I would want to happen with Bitcoin. Many countries have already given it a shot, the latest of which to join the list is Australia and this only imposes restrictions on the common Bitcoin users in a particular country. If all these nations rally up and determine to regulate cryptocurrency, its going to be a hard road ahead.

[BTCbengi]

I do not think this will happen. Anyone who participates in Bitcoin with the freedom and anonymity should be cynical and framing will make Bitcoin less attractive to users.

[cydrix]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

No of course because bitcoin is untouchable because it is decentralized and no other affiliates to this. Can be exchange but cannot affiliate and it is also anonymous leaving the credentials and safety for yourself only.

[dothebeats]

Stricter KYCs and right set of laws will be the key to achieve an effective regulation.

I doubt that the government would have stricter KYC regulation aside from what it has right now. Doxxing and identity spoofing is still widespread as of this day, and even those cannot be controlled nor checked by the government. Money launderers will find a way to do their nefarious doings no matter how strict the laws are. Also, if they want to regulate bitcoin, they need to check their own fiat first since man, that's still the go-to of illegal traders whenever they want to launder money and not bitcoin most of the time.

It is a big No no to us here in the forum for sure because we love the feature of bitcoin at all, no need to someone to regulate it for just the interest of one group so it is better if no one will gonna regulate it and let bitcoin be decentralized.

If you think on a wider perspective, having certain set of regulations for bitcoins would be the best move since it would not be considered a grey area for institutional investors and to the general public resulting to more confidence on using and trading it.

[appleffi]

In our country Philippines, the government suggest to pioneer regularization of this cryptocurrency but that doesn't it is controlled. The way it process will continue to circulate but with conditions set to regularized the use of this kind of medium. With this being said, all the people will be aware not just the ones who are close to the digital world already.

[diagla]

Regulating Bitcoin is not what you want to do if you are a government body as that is the worst thing you could do for the nation. Centralized organizations are going to eventually fail like they always have done in the past so they should welcome Bitcoin with open arms and accept to to stash reserves to actually have some wealth in the future. If they continue to deny it they will have no power in the future.

[ss890]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

Why not. When its government and regulatory authorities anything can be done from their side things are not arranged properly. I mean what are the chances if bitcoin being used for illegal activities and government aint doing anything about it in first. I think regulations are just amendments to the laws which already exist in the books. They can add up things as and when they are required to do so. Regulatory framework for crypto would include taxation as top priority and it will be used as normal currency only which will make the stuff like a local currency accordingly with the different countries.

[googs84]

Countries like China, Indonesia, Korea are banning cryptocurrencies like bitcoins due to its decentralised nature. No central authorities have control over bitcoins, so these countries think bitcoins as fraud, and may mislead their economies. One of the secret of bitcoins popularity is its decentralised autonomous nature. If all countries started regulating bitcoin, it will endanger its nature as well as trust of its users. This may result in fall of bitcoin price.

[pitiflin]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

Regulation is possible by any country. Trouble comes only if a major country like China,how they tried to regulate and remove the concept of crypto currencies from the minds of its citizens. Rumors say that bitcoin and trading is going to come back to China but nothing is official yet.
There is no use of regulating bitcoin ,people will find one way or the other just to be non-compliant and the fact that its bitcoin and not a shitcoin.

[BCEmporium]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

Regulation is possible by any country. Trouble comes only if a major country like China,how they tried to regulate and remove the concept of crypto currencies from the minds of its citizens. Rumors say that bitcoin and trading is going to come back to China but nothing is official yet.
There is no use of regulating bitcoin ,people will find one way or the other just to be non-compliant and the fact that its bitcoin and not a shitcoin.

People are still trading cryptos in China. It can't really be stopped without destroying trust in the blockchain entirely and as long as there's money to be made people will come flocking to it.

I think there needs to be some easy way to deal with taxes in a way that doesn't upset traders and investors. There also needs to be a legal framework that holds people liable, through contracts, in case of payments made through cryptocurrencies. But other than that I don't think a lot can be done due to the nature of the blockchain.

[jaysabi]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

Not only is it possible, it's necessary. Regulation needs to take place at the points of exchange between Bitcoin and fiat, so basically businesses that operate as exchanges. Regulation, especially around KYC and AML, will bring credibility to those operating in this space, and provide legal recourse in the event they are negligent or fraudulent.

[BCEmporium]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

Not only is it possible, it's necessary. Regulation needs to take place at the points of exchange between Bitcoin and fiat, so basically businesses that operate as exchanges. Regulation, especially around KYC and AML, will bring credibility to those operating in this space, and provide legal recourse in the event they are negligent or fraudulent.

The problem with businesses is, that they can just make the coins disappear and nobody would ever have access to them. It's not like there's a bank account that can be frozen or assets that can be liquidated.

[surfinonmyownwavebaby]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

Yes why not? I mean it is a new asset class and their are a lot of unique characteristics but no reason there cant be law and regulation for it. I cant think of a single reason why bitcoin couldnt have legislation around it.

[TTITA]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

I guess it is really possible because government always want to have control over almost certain things, and bitcoin can be included as well. That is why news about bitcoin in a country ended up in banning exchanges, and etc. But they still cannot control bitcoin I think, so the only solution for them is regulation. So possibilities still exist.

I think the regulation is made just about where the rules of how exchanges work in that country.
several times the countries have tried it eventually failed and ended up banning.
Regulation yes - Control no.
this condition is interesting because the regulation is made precisely to controlling. I think it's better there is no regulation. if they were to take full control about it.

[kazukino1111]

umm, its kinda difficult

[Ailmand]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

bitcoin is invented to work independently that no one hold or regulates it not even govenments so , i think it will be forever this way and i dont know what will be the benefit of having a regulatory framework around bitcoin? it is to regulate users ? because there were so many bitcoin users nowadays and the network is really congested. anyways , its ok for me if they can implement it and if that can totally improved the way bitcoin works.

That can happen. The government being the most powerful business entity in one country would surely have its hand in the bitcoin market especially as its growth is becoming more and more noticeable. I have read that some countries are even planning to have taxes over it. However, I think people would not support that because that would spell the inconvenience of using bitcoin disappearing.

[Washball]

If you just want to trade bitcoins and make a profit because of the price increase then yes, maybe you would prefer regulation by the government. But that would also mean you'll have to pay taxes, what does not have to be a bad thing of course. But bitcoin was developed to avoid regulations, to cut off financial organizations to make a profit from your financial transactions. So, calling for regulations is a contradiction in this case.

[Hydrogen]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

In the united states, the cost of healthcare regulation under the affordable care act (so called: obamacare) was more than 20 tax hikes and $1+ trillion dollars. The website setup by the federal government to allow americans to sign up for healthcare subsidies cost $1 billion dollars & contained many errors which prevented it from functioning properly when opened to the public.

It is possible that creating a regulatory framework for bitcoin is 100% impossible. Taxes would need to be hiked substantially to pay for the cost and maintenance of the program. Deficits being large, and budgets strained, makes funding a project like state imposed crypto regulation a virtual impossibility.

Bitcoin regulation could be like a manned mission to mars. People talk about it but there isn't anyone willing to spend big money to make it happen. Normally taxpayers would cover the bill. But that source of revenue has been depleted.

[BillCoin]

Attaching KYC documents in order to mark your bitcoin address as a "legit and acceptable address", that could be the only way to regulate bitcoin in my opinion.

Everyone who had his address KYC confirmed, would be able to transfer funds from this address into stores or to use it as a sort of payment, if your address isn't KYC verified, then it will be illegal for stores/online shops to accept you as a customer and to let you pay with bitcoins.

I still think that regulating bitcoin is far from going mainstream.

[Kingofbitcoin12345]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

In due time this will be implemented mandatorily.. A regulation that is doable and beneficial to both the bitcoin community and the government.. This will be the biggest turn around in bitcoin history,, from a decentralized status to a regulated one but is good on both side.. This time as scammers and criminal activities are widespread,, I’m open for it as long as it is for fairness..

[vv181]

Attaching KYC documents in order to mark your bitcoin address as a "legit and acceptable address", that could be the only way to regulate bitcoin in my opinion.

Everyone who had his address KYC confirmed, would be able to transfer funds from this address into stores or to use it as a sort of payment, if your address isn't KYC verified, then it will be illegal for stores/online shops to accept you as a customer and to let you pay with bitcoins.

I still think that regulating bitcoin is far from going mainstream.

That's could be the way to regulate the bitcoin. But it's throwing away our privacy even though we can make a brand new completely anonymous address. It's just not how bitcoin made for, decentralized, privacy and anonymity. It's kinda weird to see a system that designed for anonymity and privacy but the user does the opposite.

[Ligareaux]

Control sounds to me a "few people" regulating, but just regulating sounds like every body has the control

[bubblebit]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

To be honest, those critics just don’t like cryptocurrency, plain and simple. If the regulation of bitcoin is implemented they will look for another reason to criticise it. They are just a bunch of insecured individuals who were being affected by the phenomenal popularity of bitcoin that they’re not ready and not expected to be. Those are mostly bankers/CEO, government officials w/investments on banks(conflict of interest), and the media (paid by the bankers). And what is the common dominators of all “Hunger of Money”.

[Ewox]

Yes it could be possible to come up with a regulatory framework for Bitcoin. I think in time it will be implemented but not now since bitcoin is still fully decentralized. Once the government will mandate it by law then it will.

[maydna]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

i think in future, each of government will apply some regulation for bitcoin especially for bitcoin user related with the crypto currency become widely in every country. but we still don't know what kind of regulating from the government and i hope that the government will not disappointing bitcoin user and will allow bitcoin to be used for their citizen. i think its not too long to see the regulated from each of government is apply and i think we can prepare for this and obey the rule.

[marcbitcoins]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

Yes, this is already started by the countries who legalize bitcoin in which this is the condition that needs to be done before adopting the bitcoin and other digital currencies. Regulation is better so that the digital currencies will not be use in in crimes and other illegal activities in order to protect the welfare of the a certain country and its citizens from fraud and bad elements.

[Baofeng]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

i think in future, each of government will apply some regulation for bitcoin especially for bitcoin user related with the crypto currency become widely in every country. but we still don't know what kind of regulating from the government and i hope that the government will not disappointing bitcoin user and will allow bitcoin to be used for their citizen. i think its not too long to see the regulated from each of government is apply and i think we can prepare for this and obey the rule.

I also think that the government can't really stop bitcoin so the best thing for them to do is to regulate bitcoin. In this case, we bitcoin enthusiast can still enjoy our trading and government will just impose tax on it. At least it will be good for both the government and its citizens. Although we don't want to be regulated, but I think it will be good in the long run. But I'm sure that there will countries that will really embrace bitcoin will open arms, others heavily regulated.

[Beerwizzard]

Well imho it is possible to make people registrate their BTC adresses (or create a national wallet that will send all data to the governmental database) so the government could have controll over the user's spendings. But this case is even worse than using bank cards because everyone will be able to see every single spending of a current person. Seems like a small part of the totalletaristic dream.

[SushiMonster]

The lack of regulation of government with bitcoin is making its security easy to breach. Well although a lot of senior users here are very much knowledgeable in securing their bitcoins, a majority of new users - like me doesn't have an assurance that my bitcoin is safe. I'm just storing it on an online wallet because my bitcoin savings is not that big. However, I'm not sure that if ever my account got hacked, I can still process to make a run for it or like file a complaint. If the government is controlling/regulating bitcoin, there will be protocols that will be followed in every transaction, and they can trace any illegal doings. However, they can get a significant amount of money from bitcoin, well I just hope that if that time will happen, they will use the money for the people of the government.

it may be easy to breach but the problem here is that, if that is possible to happen more and more people would actually protest against it, i guess, its not also a nature of bitcoin to be controlled or be asked to follow tge government's protocols. Did you ever wonder if this will likely happen? I was also wondering about it since before, and we all knew that the government wont just sit still about it, but what's going to happen will always happen.

You got a point there sir. If more users are getting their accounts hacked - probably a lot of people might have left investing in bitcoin. Bitcoin is a very dynamic currency and controlling it by the government would be a difficult task for them. I guess in some countries, their government is making baby steps on how they can regulate the bitcoin. Recent news, China's government tried to banned bitcoin in their country - reason because it's their step in enforcing capital controls.

[Yamifoud]

Regulating Bitcoin is not what you want to do if you are a government body as that is the worst thing you could do for the nation. Centralized organizations are going to eventually fail like they always have done in the past so they should welcome Bitcoin with open arms and accept to to stash reserves to actually have some wealth in the future. If they continue to deny it they will have no power in the future.

Regulating bitcoin is not a worst thing, instead it could be way that bitcoin will creat a very strong foundation. But of course, rules and regulation must be approved by the community and voted publicly to have transparency with the policy. Having this, still government have no controlled with bitcoin, only they implement this just to have an indication of having support with cryptocurrencies and in the community..

[paul00]

Bitcoin has a lot of users who had been benefitted thru the years of its existence. I am sure that just like me, all of us aims to have bitcoin become better and become official and one thing to make it is to have a regulating body for it. They will be the one to make official general terms and conditions on bitcoin aside from the rules given campaign managers. These regulators may possibly come from us who have concern towards this community.

[FrueGreads]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

Of course it's possible to come up with some regulation for bitcoin. It's already being done all around the world. Japan is doing, the United States are doing it, Switzerland has been doing a great job as well. If regulation wasn't being done, it would be impossible see news like the announcement from CME Group, that will trade bitcoin futures at the end of the year. I keep saying that regulation could be a good thing if it's done correctly and it doesn't try to kill the potencial of the technology. I do think that regulators are well aware of that, so we should be ok.

[terrific]

Cryptocurrency has been widely criticised for lack of regulation.

It's not even made for the government to regulate it and it's feature of being a decentralized cryptocurrency will be useless if in the beginning it isn't that one.

Do you think it is possible to come up with a regulatory framework around Bitcoin?

Yes it's possible there are so many countries that are starting to regulate bitcoin. There are two points on this, the advantages and also with it's disadvantages. Advantage is that people are now confident to use bitcoin for having that regulation as before it's mostly judged as good only for illegal trades. Disadvantage, not that totally a disadvantage but many don't liked to be taxed.

[hase0278]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

It is very likely that in the future, the government will come up with a regulatory framework around bitcoin but they wont be able to regulate it completely. At the very least using the said regulatory framework will help them regulate it to some extent. There will always be a way to get away from regulations when one is using bitcoin whether it be now or in the future although it will be harder to avoid it when government around the world implemented regulatory frameworks.

[BingoDog]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

It is very likely that in the future, the government will come up with a regulatory framework around bitcoin but they wont be able to regulate it completely. At the very least using the said regulatory framework will help them regulate it to some extent. There will always be a way to get away from regulations when one is using bitcoin whether it be now or in the future although it will be harder to avoid it when government around the world implemented regulatory frameworks.

I agree with this, with such fast bitcoin popularity and usage growth many governements feel urge to regulate bitocoin and other cryptocurrencies at lesat in some way and that is something we can't escape anymore. I don't think that regulation neccessary means full control but bitcoin might be put in some framework that would allow governements to have the eye on it. This could be good in a way of trying to stop or punish the misuse but maybe taxation could be one of the bad things.

[zergenyt09]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

i think in future, each of government will apply some regulation for bitcoin especially for bitcoin user related with the crypto currency become widely in every country. but we still don't know what kind of regulating from the government and i hope that the government will not disappointing bitcoin user and will allow bitcoin to be used for their citizen. i think its not too long to see the regulated from each of government is apply and i think we can prepare for this and obey the rule.

Well I think when bitcoin become regulate in countries so I think it’s very good for bitcoin and as well for the users because when bitcoin become regulate in courtiers so the first thing is bitcoin price will become more high and secondly bitcoin will be accountable for tax as well because when something is accountable for tax so that thing is going to do more progress.

[richmcrich]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

Regulating will give more strength and power to bitcoin that’s what I believe because the users will be increase in a short time and same investors and daily traders will also increase and the good thing will be bitcoin will start to use anywhere with fast transitions and I think that will be good if countries make bitcoin regulate in their countries.

[Kronos21]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

i think in future, each of government will apply some regulation for bitcoin especially for bitcoin user related with the crypto currency become widely in every country. but we still don't know what kind of regulating from the government and i hope that the government will not disappointing bitcoin user and will allow bitcoin to be used for their citizen. i think its not too long to see the regulated from each of government is apply and i think we can prepare for this and obey the rule.

Well I think when bitcoin become regulate in countries so I think it’s very good for bitcoin and as well for the users because when bitcoin become regulate in courtiers so the first thing is bitcoin price will become more high and secondly bitcoin will be accountable for tax as well because when something is accountable for tax so that thing is going to do more progress.

Is this a joke? How bitcoin can go up in price if it will impose taxes? Now the price of bitcoin has increased due to the fact that it is increasing its capitalization. Bitcoin is not involved in the economy and therefore other source of capitalization. You know who invests in bitcoin money? Maybe it's money ill-gotten and they will leave bitcoin for legalization?

[Dilladupak]

I think especially bitcoin users, I think not too long to see the rules and each government, and we still do not know what kind of government regulations that apply to bitcoin, we  live it so that everyone bitcoin users now more trusting because it has rules as previously.

[Flor1982]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

It should be because regulating the bitcoin will ensure that it will not be use in crime or illegal activities in which it might ruin the nation's economy, security and governance.It will also help the government to collect tax from bitcoin that it might use to help the country to become more progressive for the welfare of the people.

[muhammad-adnanzain]

Yes, regulation is for protect user from disadvantages and security bitcoin user for using and transaction using bitcoin for daily usage.  But in this day not many country have legalized bitcoin for using bitcoin.

[Reid]

It is already done by some countries then why not to others.
They are just postponing the good thing that could happen to them.
It is just because of the tax-free rule which they are concerned about. But if they could come up with a good service that will pay up thru bitcoin then it wont be a problem.

[dewi91]

yes.. regulation can give more protect for bitcoin users to protect their asset and their account, many people accept bitcoin and I think they have regulation for bitcoin and regulation can give advantages for that country..

[loopes]

i know that bitcoin is lack of regulation but in some of countries have full regulation for bitcoin. let me take China as examples, they strictly prohibit trade bitcoin on their country not only for bitcoin they prohibit ICO as well.

another country like japan are accepted bitcoin freely as payment method, so i think it depends on the countries themselves.

[poodle63]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

Regulating will give more strength and power to bitcoin that’s what I believe because the users will be increase in a short time and same investors and daily traders will also increase and the good thing will be bitcoin will start to use anywhere with fast transitions and I think that will be good if countries make bitcoin regulate in their countries.

For some reasons it can give a good impact to the bitcoin just like the more unfamiliar person will try to trust the crypto caused by the regulating in the crypto will give the more guarantee to invest or use the crypto as a payment method by in another way the crypto will be risky to be controlled by the regulators just like what alreayd happened with the exchange site.

[cryptojac17]

That would be the last thing that I would want to happen with Bitcoin. Many countries have already given it a shot, the latest of which to join the list is Australia and this only imposes restrictions on the common Bitcoin users in a particular country. If all these nations rally up and determine to regulate cryptocurrency, its going to be a hard road ahead.

Central bank of Philippine has started to fave the away of regulating Bitcoin they are making polices that is accommodating in nature for BTC operators
in the country not to preempt the operation but for security reasons to prevent it to be used for terrorism financing and money laundering activities. I think this is a welcome development for a country like Philippines because this country is exporting workers around the globe and BTC is a big help for their remittances because its economical and fast.        

[Coffee135]

That would be the last thing that I would want to happen with Bitcoin. Many countries have already given it a shot, the latest of which to join the list is Australia and this only imposes restrictions on the common Bitcoin users in a particular country. If all these nations rally up and determine to regulate cryptocurrency, its going to be a hard road ahead.

Central bank of Philippine has started to fave the away of regulating Bitcoin they are making polices that is accommodating in nature for BTC operators
in the country not to preempt the operation but for security reasons to prevent it to be used for terrorism financing and money laundering activities. I think this is a welcome development for a country like Philippines because this country is exporting workers around the globe and BTC is a big help for their remittances because its economical and fast.        

It seems to me that it is the duty of law enforcement. Let them show the effectiveness of their work. To accuse bitcoin of illegal business is not true. I see this as an attempt to shift the blame to bitcoin. Everybody talks about it but nobody provides any evidence. This is another argument against having to agree to the legalization of bitcoin.

[gabmen]

That would be the last thing that I would want to happen with Bitcoin. Many countries have already given it a shot, the latest of which to join the list is Australia and this only imposes restrictions on the common Bitcoin users in a particular country. If all these nations rally up and determine to regulate cryptocurrency, its going to be a hard road ahead.

Central bank of Philippine has started to fave the away of regulating Bitcoin they are making polices that is accommodating in nature for BTC operators
in the country not to preempt the operation but for security reasons to prevent it to be used for terrorism financing and money laundering activities. I think this is a welcome development for a country like Philippines because this country is exporting workers around the globe and BTC is a big help for their remittances because its economical and fast.        

It seems to me that it is the duty of law enforcement. Let them show the effectiveness of their work. To accuse bitcoin of illegal business is not true. I see this as an attempt to shift the blame to bitcoin. Everybody talks about it but nobody provides any evidence. This is another argument against having to agree to the legalization of bitcoin.

It's inevitable. For bitcoin to be accepted worldwide, it has to be regulated one way or the other. Governments won't allow such a currency that they can't control but people will stand for bitcoin because of it's features. So there would have to regulations to make a compromise

[ajmapalo22]

Yes especially if government will start adaptation and legalizing the transactions of bitcoin and let it be a part of their economy. The only way government can earn control over bitcoin is by establishing regulation for bitcoin transactions with this they can penetrate the market as well as the circulation of bitcoin in their economy.

[konco_kenthel]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

Yes because this rule is very important for the progress of bitcoin in the future because there are still many problems in Cryptocurrency and will automatically interfere with the performance of the Hunter if you want to find an advantage every time.

[BartS]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

They can try but at the end it is not going to be possible since they cannot enforce their rules they will need the cooperation from the users of bitcoin and that means that governments lose one of the greatest powers they have the power of coercion the power to make you do something you do not want, and if people decide to keep their bitcoin and not tell anyone there is nothing they can do against that person.

[warrior333]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

They can try but at the end it is not going to be possible since they cannot enforce their rules they will need the cooperation from the users of bitcoin and that means that governments lose one of the greatest powers they have the power of coercion the power to make you do something you do not want, and if people decide to keep their bitcoin and not tell anyone there is nothing they can do against that person.

Such people don't exist. Each user periodically faced with the exchangers. As soon as you make a deal, you become visible to the government. All your future actions will be to monitor the government. Now they do not have the necessary legislation, but that could change at any time.

[error08]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

Criticized mean nothing, action is something.
No matter who criticized cryptocurrency, government should regulate cryptocurrency, or at least regulate exchange and crypto-based business.
After Japan legalized bitcoin as legal payment, and its price continue to rise, more countries planned to regulate cryptocurrency.
They can't avoid this market, which has been growing and reach over $198 Billions dollars, it's too big to not notice it. Soon or later, every country will issue new regulations regarding cryptocurrency.

[leonair]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

One of the main characteristics of Bitcoin is being decentralized so why in the world people will want to criticize it for lack of regulation, Bitcoin exchanges are the one that is worth of a regulation in my own perspective because there are a lot of money involve there that this users entrusting their funds to that centralized platform and it is vulnerable anytime with hackers. People should always be responsible to their cryptocurrencies and never rely no anyone so that they holdings will be safe.

[richardsNY]

Soon or later, every country will issue new regulations regarding cryptocurrency.

That's how it should be, at least in a fair and appropriate way, but we all know that not every country will follow that path. Various countries have already said to prohibit crypto in general, and hand out penalties for those who don't abide by these laws, which obviously is a sign of weakness. It's sad to see how hostile certain countries are towards crypto currencies, but it directly shows that they want to do everything they can to prevent people from enjoying financial freedom. People are supposed to remain in this system for their entire life, and therefore crypto is something they want to keep outside their borders.

[Don Pedro Dinero]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

One of the main characteristics of Bitcoin is being decentralized so why in the world people will want to criticize it for lack of regulation, Bitcoin exchanges are the one that is worth of a regulation in my own perspective because there are a lot of money involve there that this users entrusting their funds to that centralized platform and it is vulnerable anytime with hackers. People should always be responsible to their cryptocurrencies and never rely no anyone so that they holdings will be safe.

Yes, and I also think if bitcoin is going to get massively adopted, it is going to be through centralized exchanges, especially if government regulates them and masses see it on the news.

Does anyone know how many wallets there are in exchanges vs. private wallets and wallets in decentralized exchanges? Is it possible to get that info?
I might be mistaken but I don’t see the average Joe buying a trezor to buy his first 100$ worth of bitcoins, I see more normal he buys them in Coinbase.

[grumpylittlepoodle]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

I think even with a proper regulation they will still find ways to criticized bitcoin and that is inevitable but bitcoin comes this far I don't think it needs to change something.

[Shenzou]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

One of the main characteristics of Bitcoin is being decentralized so why in the world people will want to criticize it for lack of regulation, Bitcoin exchanges are the one that is worth of a regulation in my own perspective because there are a lot of money involve there that this users entrusting their funds to that centralized platform and it is vulnerable anytime with hackers. People should always be responsible to their cryptocurrencies and never rely no anyone so that they holdings will be safe.

So the thing is bitcoin is a cryptocurrency that was designed to be decentrelized and controlled by the poeple themselves and this is waht made it so popular, it is no suprise that goverments will eventualy regulated it or tax it , i mean poeple are earning thaousands of dollars from it and not paying taxes, but doing so, it will mean taking the core idea that makes bitcoin popular, and that is control and decentrelization.

[Razerglass]

Governments are not able to regulate totally blockchain because of its nature. Blockchain tecgnology is future of banking system which already failed several times during last 10 years. Governments will gladly accept their own cryptcurrency based on blockchain but bitcoin will play function of "valueable asset"

[aardvark15]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

Governments are going to want to have some control over Bitcoin to at least collect taxes on earnings. There is also a sense of concern from the big banks that they feel threatened by the potential of cryptocurrencies to make people more independent when it comes to controlling their own money. Cryptocurrencies can provide a way to store, spend, and send funds without the use of a bank. And we know that the big banks are basically running the major world governments.

[usorin]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

If it will, i think it will be related with the process when someone is making an exchange from crypto to fiat currency, because other ways...that is the role of crypto, to make direct payments decentralized and in a transparent way.

[yugyug]

as bitcoin was a decentralized crytpocurrency many would believe that it must be unregulated and need not be controlled by any government forces, but for the security of investors, communities, consumers and supporters, i think regulation is a must but not as much as a strict regulation . KYC and AML is enough but implementing for tatxes is not quite fair.

[loreykyutt05]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

bitcoin could be regulated by government when you are converting it to fiat already however bitcoin transaction itself can't be regulared by any government or authorities

[ferdaus]

I think the governments of different countries have already tried to do a research for making a law about Bitcoin. What government is controlling and it is hoped that the government will not disappoint Bitcoin users and allow Bitcoin to use it for their citizens.

[Sled]

I think the governments of different countries have already tried to do a research for making a law about Bitcoin. What government is controlling and it is hoped that the government will not disappoint Bitcoin users and allow Bitcoin to use it for their citizens.

I also think the same thing like you and i believe that the government are now getting into bitcoin research because they want to clear things up if accepting bitcoin will give them benefits for accepting it and letting their citizen to use it or not. Bitcoin regulation will help also to make sure that the things will not go really bad.

[ask]

Goverments can only regulate bitcoin to fiat exchange. Cause they can control fiat flow through banks.
But they cannot regulate bitcoin or any other blockchain based coins. Specially they will never regulate TOR based or Privacy based currencies.
This is just a dream of dictators.

[anggada18]

I think those who criticize only some people who do not know crypto. they are jealous of the development of bitcoin but they are afraid to take part in it because of the high risk. I think this part of the virtual world even we gamble has a very high risk of failure. and I think bitcoin will not get regulation.

[Domenc]

Bitcoin is a decentralised system, so regulations can only be implemented on government levels and at local exchange level. Further across the globe no rules can be imposed between 2 users as peer to peer transactions take place. Government is worried because of the misuse and money laundering happening due to Bitcoin, so they may try to impose regulations when people are trying to convert Bitcoin in local currency. But all over regulations in Bitcoin are hard to happen.

[Gurdos]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

It is possible to make both regulation and control even for use, only it costs a lot of effort and investment. Well, the main desire of those people, but for now it's certainly easier to ban than to invent a new one.

[googs84]

Decentralise and autonomous nature of bitcoins attracting many bad/even forces towards it. Central banks of many countries have taken a stand that transaction by bitcoin is highly anonymous so bitcoin can become a tool for crimes like money laundering, drug trafficking, tax evasion, illegal payment. So as a precautionary measure countries like China, Japan, Indonesia, Sweden, Russia, Thailand , Iceland, Vietnam, Australia have decided to either ban completely or regulate bitcoin in their country. Control over operations by these countries have created a confusion in the minds of new bitcoin investors. Regulated permission by these countries may builds a confidence in the minds of bitcoin investors.

[Sebas.tian]

There would be a trade-off between regulation and anonymity. We will probably lose the latter (which is the selling point of cryptocurrencies) since the very notion of regulation is tightening the freedom bitcoin offers. I personally can think of a way of regulating it without jeopardizing anonymity but would I would probably support it if they can come up with a good approach.

[yndye]

Bitcoin is a decentralised system, so regulations can only be implemented on government levels and at local exchange level. Further across the globe no rules can be imposed between 2 users as peer to peer transactions take place. Government is worried because of the misuse and money laundering happening due to Bitcoin, so they may try to impose regulations when people are trying to convert Bitcoin in local currency. But all over regulations in Bitcoin are hard to happen.

Government regulation will only be limited to each of their own jurisdiction and since bitcoin is decentralized, the government will be able to impose regulation when the users convert it to fiat since they already have applicable laws in terms of fiat currencies. It is hard for them to regulate something that they cannot trace directly. This is also the reason why some countries are banning bitcoin because of the anonymity and they are afraid that their citizens would be involved in illegal transactions.

[machinek20]

I dont like any party to regulate bitcoin, when the regulation being set, it will end up locking the potential of bitcoin, actually it is possible to regulate bitcoin, but no one will used it again if the regulation is applied, people need the freedom currency that is why a lot of people using bitcoin

[Sled]

I dont like any party to regulate bitcoin, when the regulation being set, it will end up locking the potential of bitcoin, actually it is possible to regulate bitcoin, but no one will used it again if the regulation is applied, people need the freedom currency that is why a lot of people using bitcoin

Regulation is putting limit to the users of bitcoin to avoid any complications. Without regulation or rules or limit to the users of bitcoin then it will be easy for them to use bitcoin into different bad things that might damage the reputation of bitcoin and since bitcoin is decentralized and uncontrollable then regulation is just a good choice to implement in bitcoin for safety measures.

[ningrum]

I think those who criticize only some people who do not know crypto. they are jealous of the development of bitcoin but they are afraid to take part in it because of the high risk. I think this part of the virtual world even we gamble has a very high risk of failure. and I think bitcoin will not get regulation.

bitcoin does have a high enough risk as well. because in achieving a success in bitcoin it is very risky. so any risk we still have to face.

[AVAMONEY]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

There is nothing impossible, but how to make the regulation that bitcoin itself is made with the goal of decentralization that is not bound by this official financial rule makes the regulation more complicated.

[Palider]

I think those who criticize only some people who do not know crypto. they are jealous of the development of bitcoin but they are afraid to take part in it because of the high risk. I think this part of the virtual world even we gamble has a very high risk of failure. and I think bitcoin will not get regulation.

bitcoin does have a high enough risk as well. because in achieving a success in bitcoin it is very risky. so any risk we still have to face.

Can regulate bitcoins. There are Sec and other organizations that can be given the law to avoid the wrong actions that can be made with bitcoins. But knowing what the person is doing is not because bitcoins are decentralized without controlling it so we are free to use it. And if the bitcoins are controllable, I mean maacess is not good because it can have price manupulations

[Vohoanghiep]

I think Bitcoin and digital coins are built on freedom, non-binding, decentralized and autonomous so binding rules and common rules are not necessary. It makes people feel uncomfortable when drinking Bitcoin, making more people hate Bitcoin. This is not necessary because people are always aware of their work and they always want to make money so putting constraints is not a good idea.

[warrior333]

I think Bitcoin and digital coins are built on freedom, non-binding, decentralized and autonomous so binding rules and common rules are not necessary. It makes people feel uncomfortable when drinking Bitcoin, making more people hate Bitcoin. This is not necessary because people are always aware of their work and they always want to make money so putting constraints is not a good idea.

Lol. Do you think that government officials are interested in your problems? People looking for extra income because all governments do not want to manage the economy so that people have a decent income. If we allow the state to regulate bitcoin it will happen the same as with Fiat. Why do it? Allowing the idea of state regulation do you kill bitcoin.

[killerfrost]

In addition to the general rules in using Bitcoin, I think other rules are not necessary. Because Bitcoin needs freedom and decentralization, it makes people love Bitcoin more than any other currency. If more regulations are in place, the rules will make Bitcoin bound and pragmatic as well as controlled by the government. I really do not like this

[Harlot]

They now have done it. Some countries like Korea have now Bitcoin exchanges where they need a business permit to operate in their country. With that customers must need to verify their identity first before they can start trading in those exchanges. As far as regulation go they can also control Local wallet providers in order to give identity to wallet owners. These are some of the efforts of the government not because they are against it but because they want their people to use it but only in a good way at the same time protecting them.

[AngelSky]

In addition to the general rules in using Bitcoin, I think other rules are not necessary. Because Bitcoin needs freedom and decentralization, it makes people love Bitcoin more than any other currency. If more regulations are in place, the rules will make Bitcoin bound and pragmatic as well as controlled by the government. I really do not like this

Decentralized platform should not be controlled by anyone dude. Until the bitcoin is being centralized no one can offer and lock the bitcoin with any rules and regulations. Whether any country gonna make the bitcoin legal or not but I wish bitcoin live witout any control and anonymous. Regulations will open up the anonymous factor for bitcoin.

[djsugar]

Bitcoin is decentralized, regulatory body for bitcoin completely nullifies the actual concept of bitcoin. I agree because of decentralized nature, we see tons of scam. But this is how it works. Even if we get one body, keeping a tab on every transaction where there are mixers services and other ways to hide transactions, it will take lot of resources which is only affordable by government or financial giants. These are the exact people we don't want interfering with bitcoin.

[DrGuns4Hands]

Bitcoin was made independently that no one has to produce or build up any consequences for it. We, people are the one's who is responsible for every matter or problem that can occur on our account. 

[Dalmar]

If governments has power to control whole blockchain system i am sure they will wanna to own it Maybe this is the reason they are so angry against this transparent system and looking for ways to track transaction on blockchain.

[BCEmporium]

If governments has power to control whole blockchain system i am sure they will wanna to own it Maybe this is the reason they are so angry against this transparent system and looking for ways to track transaction on blockchain.

The government can't control the blockchain. Being uncontrollable is what the blockchain was created for. The only thing they can do is paying very close attention to the conversion of fiat into crypto and back.

[bitllionaire]

Goverments can only regulate bitcoin to fiat exchange. Cause they can control fiat flow through banks.
But they cannot regulate bitcoin or any other blockchain based coins. Specially they will never regulate TOR based or Privacy based currencies.
This is just a dream of dictators.

It will always remain a dream of all of them who want crypto to be regulated. Everyone knows that Bitcoin and the rest of the altcoins are used on a large scale for money laundering; government will never support any such activity which creates opportunities for the criminals. Governments are always seeking ways to take grip on the criminal minds and control them. Japan is the only country that took the risk of regulating bitcoin. This step of Japan was not actually in favor of bitcoin only but they want another currency that could stand in front to the US dollar. This is all the stinking international politics. For them there is no day no night, no right no wrong but just a task to accomplish and they are trying to get their goals through the help of bitcoin. 

[Razick]

Bitcoin is not something you can regulate because it is a computer network with computers all over the globe. People in different countries agree on consensus rules on the Bitcoin network and this happens every 10 minutes and this is what makes the blockchain so desirable because people can put any kind of value on it and store it for the long term.

[alisafidel58]

If governments has power to control whole blockchain system i am sure they will wanna to own it Maybe this is the reason they are so angry against this transparent system and looking for ways to track transaction on blockchain.

Bitcoin was built so that no person,company or government can control it, controlling something that whole world is the server will be impossible to do.
The government just want to tax the people who have billions of dollars hiding their money in bitcoin.

[Wildwest]

I think it needs to be done to regulate Bitcoin because this currency is very freely used by many people for crime. But just for the use, but if regulating the Bitcoin price I refuse.

[Casabrandy]

I think it needs to be done to regulate Bitcoin because this currency is very freely used by many people for crime. But just for the use, but if regulating the Bitcoin price I refuse.

well regulations were needed just to filtered the launches of ico for it became too in demand that sone are launched just to scam people, regulation to minimize fees , but it might result also for additional taxes or worse banning when government didn't finds a way to benefit on it.

[serjent05]

If governments has power to control whole blockchain system i am sure they will wanna to own it Maybe this is the reason they are so angry against this transparent system and looking for ways to track transaction on blockchain.

I believe government are not angry over the transparent system, what the government worries about is the rampant scamming of this fraudulent company that take advantage of the ignorance of people towards cryptocurrency.  They can see how people losts a lot of money on investing to this scam company that make use of Bitcoin and other cryptocurrency as their front.  I believe government are amazed on how bitcoin had grow but they do not want to risk their citizen being exploited by these scam company so they need to regulate it and set rules that will identify scam companies.

[0t3p0t]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

I don't think so because Bitcoin itself cannot be regulated. Only exchanges can be regulated not Bitcoin. Bitcoin cannot be stopped by a government nor powerful entities because as what Bill Gates said, Bitcoin is unstoppable. Regulation of exchanges by government institution like central bank has positive advantages for us because our funds are safe and if ever something would happen to a specific exchange where we have coins then we can avail refund or file legal complaints against it. I hope that not only exchanges will also be regulated soon but also ICO's so that we are not going to risk our time and money for nothing and at the same time to prevent fraudsters and scammers from creating nonsense projects. But to be fair with Bitcoin critics, time and technology can tell maybe in the future upgrades or hard forks and maybe the essence of being a decentralized will be vanished. If only if they can.

[perfect999]

Well imho it is possible to make people registrate their BTC adresses (or create a national wallet that will send all data to the governmental database) so the government could have controll over the user's spendings. But this case is even worse than using bank cards because everyone will be able to see every single spending of a current person. Seems like a small part of the totalletaristic dream.

For the best of the crypto it is very important and the value of the bitcoin is now increasing and I hope this is the best time how fast the bitcoin price and the value increasing I hope it is the time to hoped the bitcoin and to increase the value and the price of the bitcoin to the high interest and this will be the best for the people who are afraid of the lose and they are not ready to take the risk.

[n0ne]

I think it needs to be done to regulate Bitcoin because this currency is very freely used by many people for crime. But just for the use, but if regulating the Bitcoin price I refuse.

well regulations were needed just to filtered the launches of ico for it became too in demand that sone are launched just to scam people, regulation to minimize fees , but it might result also for additional taxes or worse banning when government didn't finds a way to benefit on it.

In terms of taxation the regulations might affect the cryptocurrency user community. But in terms of usage accessibility, the regulations will give users the freedom to use bitcoin and avoid the fear of governments interruptions. Another major flaw that happens is the control, somehow an central power tries to keep track of the user which is not good for the functioning of a decentralized asset.

[ivanst776]

Bitcoin has a lot of users who had been benefitted thru the years of its existence. I am sure that just like me, all of us aims to have bitcoin become better and become official and one thing to make it is to have a regulating body for it. They will be the one to make official general terms and conditions on bitcoin aside from the rules given campaign managers. These regulators may possibly come from us who have concern towards this community.

Regulation of bitcoin amongst different members of society is really a great idea. This is the only way of making people more aware about this concept of crypto currency. In addition to this, regulating bitcoin will also help number of people to get a healthy amount of earning and that too in short interval of time. You only need to believe in this thing that bitcoin is the best thing to use and invest your money.

[raven7886]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

Regulating will give more strength and power to bitcoin that’s what I believe because the users will be increase in a short time and same investors and daily traders will also increase and the good thing will be bitcoin will start to use anywhere with fast transitions and I think that will be good if countries make bitcoin regulate in their countries.

For some reasons it can give a good impact to the bitcoin just like the more unfamiliar person will try to trust the crypto caused by the regulating in the crypto will give the more guarantee to invest or use the crypto as a payment method by in another way the crypto will be risky to be controlled by the regulators just like what alreayd happened with the exchange site.

It really would have a positive impact and even create more awareness for bitcoin. Many people who have been skeptical a little about it in the past will then see a much more reason to believe in the fact that it has come to stay and even let the real life usage to become much more common as development keeps going on.

The exchanges would start becoming just like another bank, but that does not mean that direct P2P transactions would be controlled.

[yohan09]

The existence of bitcoins brings everybody in confusions because lack of regulations, Even though there are lot of critics who' were executing pro's and con's in the field of cryptocurrency. Did they stop the development of virtual currency? Hahahaha. I think they won't. Because everybody are benefited, What it's for? People see value for money, free from government control and the fee's bank charge. Its time to get free.  This is the essence of freedom:)

[BartS]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

They can try but at the end it is not going to be possible since they cannot enforce their rules they will need the cooperation from the users of bitcoin and that means that governments lose one of the greatest powers they have the power of coercion the power to make you do something you do not want, and if people decide to keep their bitcoin and not tell anyone there is nothing they can do against that person.

Such people don't exist. Each user periodically faced with the exchangers. As soon as you make a deal, you become visible to the government. All your future actions will be to monitor the government. Now they do not have the necessary legislation, but that could change at any time.

You are no thinking long term, what it is going to happen when you can live out of your bitcoin, when you do not need to exchange it to fiat, a government is not going to know that you have huge amounts of bitcoin or anything, you will be able to declare that you have any mount of bitcoin and they are only going to know about that bitcoin you declare to them, it will take a long time to get there but I’m sure it is going to happen.

[aardvark15]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

Regulation is possible but the more regulations there are, the less decentralized Bitcoin becomes. One of the fundamental benefits of Bitcoin is that it is independent of banks and government control.

I understand that governments want to be able to collect taxes on profits, but if regulations go further than that, it will weaken Bitcoin. The same is true for all cryptocurrencies that are decentralized.

[BCEmporium]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

Regulation is possible but the more regulations there are, the less decentralized Bitcoin becomes. One of the fundamental benefits of Bitcoin is that it is independent of banks and government control.

I understand that governments want to be able to collect taxes on profits, but if regulations go further than that, it will weaken Bitcoin. The same is true for all cryptocurrencies that are decentralized.

Regulation isn't really possible without players like Bitmain trying to gain control over the actual Bitcoin network and blockchain. If that happens people will hopefully be smart enough to not support those moves (like Bitcoin Cash) and to stay decentralized.

[bitctrimor1]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

yes i know that currency has been widely criticized because of lack id regulation but we know that bitcoin is that type of currency which people like and invest daily and if we see people all over the world invest in bitcoin only because bitcoin is full of benefits.

I think many countries, right now, are trying to put their own regulations on the use of bitcoin. Others are even planning on putting taxes on them because they appraised that bitcoin would be a big hit in the market in the coming years, therefore, it can add a big revenue to the country through taxes. However, nowadays, since its recognition is only on the rise, many countries are not totally aggressive on making laws to regulate it.

[MiningBattalion]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

yes i know that currency has been widely criticized because of lack id regulation but we know that bitcoin is that type of currency which people like and invest daily and if we see people all over the world invest in bitcoin only because bitcoin is full of benefits.

I think many countries, right now, are trying to put their own regulations on the use of bitcoin. Others are even planning on putting taxes on them because they appraised that bitcoin would be a big hit in the market in the coming years, therefore, it can add a big revenue to the country through taxes. However, nowadays, since its recognition is only on the rise, many countries are not totally aggressive on making laws to regulate it.

Regulating Bitcoin are the all are using own regulations only in the bitcoin because type of currency people like to invest daily manner and people also all invest in the bitcoin only so this are the regulation.

[ldah94]

I think many countries, right now, are trying to put their own regulations on the use of bitcoin. Others are even planning on putting taxes on them because they appraised that bitcoin would be a big hit in the market in the coming years, therefore, it can add a big revenue to the country through taxes. However, nowadays, since its recognition is only on the rise, many countries are not totally aggressive on making laws to regulate it.

Of course, it depends on each country and how they will take advantage of bitcoin, taking into account that those countries, where their leaders are corrupt, will take much more advantage and establish more unfair regulations for the citizen who uses bitcoin. for the moment what remains is to wait for the reactions of the countries

[tee-rex]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

In my view, direct regulation of Bitcoin and other virtual currencies is next to impossible simply because such regulation would most likely lead to a destruction of the regulated currency. Nevertheless, this doesn't mean that they can't be regulated via other nondirect, circumferential ways. For example, controlling fiat gateways is one such way because most people would want to cash out at least some part of their Bitcoin holdings at the end of the day. And this is where the government could and would interfere.

[herecomesjohnny]

Bitcoin is decentralized and as such, it is hard to regulate. All government in this world want ultimate control over everything that is in their power of dominance and BTC is that only thing that cant be controlled. It can bypass taxes and its unpredictability is government nightmare. Maybe someday it will be implemented in regular standards of specific states but for now, we must enjoy the way it is - decentralized currency providing solutions to our problems.

[batang_bitcoin]

I think it needs to be done to regulate Bitcoin because this currency is very freely used by many people for crime. But just for the use, but if regulating the Bitcoin price I refuse.

If bitcoin will be regulated, it's no longer decentralized since this coin has been as a decentralized cryptocurrency but if the government starts to step in.  It will remain decentralized but as a currency, it will no longer portray what it used to be. And it's hard to determine if transactions on bitcoin are being used to commit such crimes, they are really hard of doing it so. Others like to see this happening but it will be unlikely before on where we are now.

[Clavulanic]

Bitcoin has a lot of users who had been benefitted thru the years of its existence. I am sure that just like me, all of us aims to have bitcoin become better and become official and one thing to make it is to have a regulating body for it. They will be the one to make official general terms and conditions on bitcoin aside from the rules given campaign managers. These regulators may possibly come from us who have concern towards this community.

Regulation of bitcoin amongst different members of society is really a great idea. This is the only way of making people more aware about this concept of crypto currency. In addition to this, regulating bitcoin will also help number of people to get a healthy amount of earning and that too in short interval of time. You only need to believe in this thing that bitcoin is the best thing to use and invest your money.

I guess that regulation is not the way of people to be aware about crypto currency. There can be more ways to do it mate like spreading and sharing it through social medias and providing programs such bitcoin related training. Imposing any regulations for bitcoin might lessens our freedom to this currency and might caused bitcoin to be taxed by the government which I think not appropriate because this is a decentralized currency. If people wanted to invest their money to bitcoin, then its their passion and no one forces them.

[richardsNY]

If bitcoin will be regulated, it's no longer decentralized

Regulations affect businesses and to a certain indirectly people as well, but that doesn't mean Bitcoin loses its decentralization aspect. If we look at what an important effect of these regulations is, then it's obviously the exchanges that are forcing people to verify themselves with personal information and a scan of their ID, utility bills, etc. It's not for nothing that exchanges like Poloniex and recently Bittrex are going through a massive load of complaints about frozen accounts and such. Essentially, nothing really changes since every service you use makes you dependent on a central authority anyway. If you want to remain operating fully in a decentralized manner, then don't make use of any third party service.

[uray]

If bitcoin will be regulated, it's no longer decentralized since this coin has been as a decentralized cryptocurrency but if the government starts to step in.  It will remain decentralized but as a currency, it will no longer portray what it used to be. And it's hard to determine if transactions on bitcoin are being used to commit such crimes, they are really hard of doing it so. Others like to see this happening but it will be unlikely before on where we are now.

Bringing in regulation from a government does not mean that it will be centralized,the network will always be decentralized and the only thing a government can do is to regulate the flow of money to and from bitcoin and this is a free world and there are many options to over come these hurdles,so it is not an issue.

[Osarman]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

Criticized mean nothing, action is something.
No matter who criticized cryptocurrency, government should regulate cryptocurrency, or at least regulate exchange and crypto-based business.
After Japan legalized bitcoin as legal payment, and its price continue to rise, more countries planned to regulate cryptocurrency.
They can't avoid this market, which has been growing and reach over $198 Billions dollars, it's too big to not notice it. Soon or later, every country will issue new regulations regarding cryptocurrency.

Obviously it has been made possible already that is known as virtual currency regulation. The best and most powerful states of the world have a complete set of policies regarding the use of cryptocurrency and thus providing a higher level of security to the users.

United states of America have a separate setup for the sake of regulatory authority  known as WASHINGTON STATES DFI that considers the use of virtual assets as money transmission under the set of the own policies.

[Shendy23]

Most people like bitcoin because it is not regulated. I think if its gonna be regulated some people will luck interest and the price will surely going down. Government will then add taxes.... and so on. If this is gonna be regulated people/government  can track transaction from each bitcoin owner and its gonna be safer but it lesser price conversation in fiat.

[Stavrido]

The law can be made to work with bitcoin. Most likely there will be problems with its free regulation, but it will be possible after 5-10 years.

[tee-rex]

Most people like bitcoin because it is not regulated. I think if its gonna be regulated some people will luck interest and the price will surely going down. Government will then add taxes.... and so on. If this is gonna be regulated people/government  can track transaction from each bitcoin owner and its gonna be safer but it lesser price conversation in fiat.

Honestly, I don't think there are many such people. The majority of people like profits much more than they don't like regulations. So, unless there are regulations in place which are actually to prohibit bitcoin use, people will continue using it. Even so, many would still choose to ignore such regulations completely, no matter how hard or punitive they might be.

[budz0425]

Most people like bitcoin because it is not regulated. I think if its gonna be regulated some people will luck interest and the price will surely going down. Government will then add taxes.... and so on. If this is gonna be regulated people/government  can track transaction from each bitcoin owner and its gonna be safer but it lesser price conversation in fiat.

I don't think so that they won't like bitcoin at all if it is regulated, in fact in our country many people would like to join trading or any investments as long as it is law regulated, as of the moment it is not yet endorsed by the government so the people thinks bitcoin is a scam but still a lot is taking risk for it because they have seen the potential in bitcoin.

[Flomo]

I do not think bitcoins need to issue specific rules in their use, but regulations need to be used on Ico projects that will form new coins, to reduce fake Ico projects.

[Finestream]

I do not think bitcoins need to issue specific rules in their use, but regulations need to be used on Ico projects that will form new coins, to reduce fake Ico projects.

That's one of the main concern of the government why they are regulating bitcoin and the entire cryptocurrency, this is to avoid scam because investors might think they can make money easily investing in ICO but they do not have security on the developers when they are not registered to the government. In addition, the growing problem of money laundering now  will not be solve if they will use cryptocurrency because the agency might be having a hard time to trace all suspicious transactions.

[Hamstead]

I do not think bitcoins need to issue specific rules in their use, but regulations need to be used on Ico projects that will form new coins, to reduce fake Ico projects.

Even though we are implementing rules regarding ICO project but I don't if it will be effective. Because it is really hard to find out which one is legit and fake. And mostly all ICO project have their own platform and very attractive reward for investors that can make their head turn back. I think it is better not to regulate bitcoin anymore as it gives nothing in the community.

[sumangs]

They have no right to regulate bitcoin since they do not own it. They should regulate it once it is converted to fiat money not the bitcoin itself. It is not the fault of the user if he uses the bitcoin for online transaction but if it means to be offline then the user needs to convert it and that is the only time it will be regulated by putting some tax on it.

[windsee]

I think Bitcoin just can't be regulated by design. The only way that can be regulated is the exchange between Bitcoin and fiat currency / physical products.

[Blue Bell]

If governments has power to control whole blockchain system i am sure they will wanna to own it Maybe this is the reason they are so angry against this transparent system and looking for ways to track transaction on blockchain.

I think it’s a very good idea and I’m sure that it will help to bitcoin and it will also help to the users so I think bitcoin must be regulate as soon as possible and I think once if bitcoin become regulate so more countries will accept bitcoin and investors and daily trader will be increased so when demand of bitcoin high for sure its price will be also high.

[Tantlizbat]

I think especially bitcoin users, I think not too long to see the rules and each government, and we still do not know what kind of government regulations that apply to bitcoin, we  live it so that everyone bitcoin users now more trusting because it has rules as previously.

As bitcoin system will be implement governments will also apply some rules and regulation to it otherwise mafia will use this coin for its sake and as I am thinking that government will ask to reduce its anonymity and that’s the major thing and then taxation will be applied on this coin and that will bring a lot development in the accepting regions bitcoin is the true beneficial thing that can totally change regions,

[waynechong1995]

It's possible to still regulate their people getting involved in bitcoins through standard KYC(know your customer) procedures among public services in cryptocurrency, it seems to pretty common among buying and selling platforms like LUNO or Localbitcoins are implemented them strictly when exchange volume exceed a certain range, while the local government could obtain these documents for other purpose such as taxing of any monetary frauds. Still it's still not good enough, or i would say unable to regulate bitcoin except putting a hard ban on penalty from using it, otherwise there is no way to trace small transaction when an address is not exposed to anyone, not mentioned that coin which further encourages anonymity.

[Allan Ramanda]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

that's why bitcoin is still illegal today. because no bitcoin can manage. bitcoin has been growing because everyone is very supportive of bitcoin, because it can benefit all people. such as investing and trading. and if the government has already begun to act, then bitcoin should start making new rules, or something like that.

[CuriousGeorge]

If bitcoin will be regulated, it's no longer decentralized since this coin has been as a decentralized cryptocurrency but if the government starts to step in.  It will remain decentralized but as a currency, it will no longer portray what it used to be. And it's hard to determine if transactions on bitcoin are being used to commit such crimes, they are really hard of doing it so. Others like to see this happening but it will be unlikely before on where we are now.

Bringing in regulation from a government does not mean that it will be centralized,the network will always be decentralized and the only thing a government can do is to regulate the flow of money to and from bitcoin and this is a free world and there are many options to over come these hurdles,so it is not an issue.

Just curious which part of the regulation could magically change bitcoin from decentralized to centralized, even with p2p system which bitcoin carry.
there's no way for it, the regulation exist just to regulate and keep this thing not out of control atleast in the government coverage. the point is that, regulation sometimes can be good for the health of bitcoin ecosystem.

[henmark]

That would be the last thing that I would want to happen with Bitcoin. Many countries have already given it a shot, the latest of which to join the list is Australia and this only imposes restrictions on the common Bitcoin users in a particular country. If all these nations rally up and determine to regulate cryptocurrency, its going to be a hard road ahead.

Central bank of Philippine has started to fave the away of regulating Bitcoin they are making polices that is accommodating in nature for BTC operators
in the country not to preempt the operation but for security reasons to prevent it to be used for terrorism financing and money laundering activities. I think this is a welcome development for a country like Philippines because this country is exporting workers around the globe and BTC is a big help for their remittances because its economical and fast.        

It seems to me that it is the duty of law enforcement. Let them show the effectiveness of their work. To accuse bitcoin of illegal business is not true. I see this as an attempt to shift the blame to bitcoin. Everybody talks about it but nobody provides any evidence. This is another argument against having to agree to the legalization of bitcoin.

The law of the country in some areas of the world is not accepting the bitcoin and they are not ready to make the bitcoin as the legal money and they are not making the bitcoin as the regular currency but in some of the areas the bitcoin is increasing in the value and the price so I hope the bitcoin price and the value will increase with time we should wait till the bitcoin is making the space and the income so it will happen soon.

[Finestream]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

that's why bitcoin is still illegal today. because no bitcoin can manage. bitcoin has been growing because everyone is very supportive of bitcoin, because it can benefit all people. such as investing and trading. and if the government has already begun to act, then bitcoin should start making new rules, or something like that.

Bitcoin will never be illegal when it will not be regulated, there might be some country who consider bitcoin as illegal but I did not mind it anymore as I can see that bigger countries are supporting bitcoin. Despite the fact that it can also be use for illegal activities, that is the not reason why it should be considered as an illegal currency, the government has to face this challenge and they must ensure they can still apply the law to prevent using bitcoin into illegal activities.

[davinchi]

I think the governments of different countries have already tried to do a research for making a law about Bitcoin. What government is controlling and it is hoped that the government will not disappoint Bitcoin users and allow Bitcoin to use it for their citizens.

I also think the same thing like you and i believe that the government are now getting into bitcoin research because they want to clear things up if accepting bitcoin will give them benefits for accepting it and letting their citizen to use it or not. Bitcoin regulation will help also to make sure that the things will not go really bad.

I think if bitcoin become regulate in countries so it will be more popular and its users will be start to invest more and other people will also start to join bitcoin which will make bitcoin more powerful and stable in market so regulating bitcoin is a very good idea and I think bitcoin is also want for this moment because bitcoin know how to achieve goal.

[Drixy]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

yes i know that currency has been widely criticized because of lack id regulation but we know that bitcoin is that type of currency which people like and invest daily and if we see people all over the world invest in bitcoin only because bitcoin is full of benefits.

It has no id regulation because it is an anonymous currency with ni tracking code or any strings attached to that. Regulating bitcoin on some countries cant be helped because they only controls people in their states and not bitcoin itself though it may have some consequences that it may be possible to move downward of the bubble like value of bitcoin.

[Capt00]

We believe bitcoin's credibility since from the start and we dont encountered any trouble from it.
Planning for regulating bitcoin is just a way of changing its system, and I believe it would not be necessary to have it.

[valid46]

I think that is the point of crypto - to not regulate it!

[yaloyalo]

I think regulation BTC is very difficult thing to make.

[raven7886]

Bitcoin is a decentralised system, so regulations can only be implemented on government levels and at local exchange level. Further across the globe no rules can be imposed between 2 users as peer to peer transactions take place. Government is worried because of the misuse and money laundering happening due to Bitcoin, so they may try to impose regulations when people are trying to convert Bitcoin in local currency. But all over regulations in Bitcoin are hard to happen.

Right. Peer to Peer transactions cannot even be monitored. I can still decide to directly make payment to someone in bitcoin based on the value at that time directly to his wallet. People do not understand that regulating bitcoin is not the same as controlling bitcoin or centralizing it.

It will only ball down to the activities that surround the exchanges and those who may want to convert to fiats, would be the one to stick with the regulations if they like since they need the service at that moment.

[goaldigger]

Many traders choose bitcoin because of them being anonymous. If the time will happen that there would be a regulation on bitcoin, i think there would become charges because there would be a company that manages the system of bitcoin traders and their accounts. But i think this does not happen because of the consequences.

[el kaka22]

That would be the last thing that I would want to happen with Bitcoin. Many countries have already given it a shot, the latest of which to join the list is Australia and this only imposes restrictions on the common Bitcoin users in a particular country. If all these nations rally up and determine to regulate cryptocurrency, its going to be a hard road ahead.

Central bank of Philippine has started to fave the away of regulating Bitcoin they are making polices that is accommodating in nature for BTC operators
in the country not to preempt the operation but for security reasons to prevent it to be used for terrorism financing and money laundering activities. I think this is a welcome development for a country like Philippines because this country is exporting workers around the globe and BTC is a big help for their remittances because its economical and fast.        

Stuffs like this is really a welcome development and will usher in new era for the cryptocurrency. The governments have so much to benefit from it than fighting it and without being tough on the users; those benefits would create much more development for the economy of the country than worsen it.

As long as the regulatory policies are accommodating like you said, we will keep seeing much more adoption and then it becomes a win-win for everyone.

[Kiweikoo]

I think those who criticize only some people who do not know crypto. they are jealous of the development of bitcoin but they are afraid to take part in it because of the high risk. I think this part of the virtual world even we gamble has a very high risk of failure. and I think bitcoin will not get regulation.

bitcoin does have a high enough risk as well. because in achieving a success in bitcoin it is very risky. so any risk we still have to face.

Every business thing have risk. If you are just wanting something that give you profit but that must be attached with any risk then so sadly, you have to move for something else. When you intent to trade in bitcoin then finally you must digest the fact that there would be profit and loss and the most important risk coming along the way. So be wise and careful while deciding.

[pinoyden]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

that's why bitcoin is still illegal today. because no bitcoin can manage. bitcoin has been growing because everyone is very supportive of bitcoin, because it can benefit all people. such as investing and trading. and if the government has already begun to act, then bitcoin should start making new rules, or something like that.

bitcoin is now legal on most countries even if its not regulated or have been manage by someone (i.e governments and banks ) and legality is not been measured or based on the one who manage it rather it depends on how bad or good can it affect the person or the economy. overall bitcoin does not need to regulate anymore because it was invented and intended to be decentralized.

[mOgliE]

In fact, most governments are lagging behind regarding "web" regulations, because the technology is evolving at a much faster pace than what is allowed by the process of law votng.

So, on the one side, we have bitcoin users, who do not necessarily wish to get regulation, and on the other side, traditional institutions that tend to be late on such matters.

Conclusion: general legislations and some basic regulations may happen soon. Yet, nothing truly about the core of bitcoin activities!

[pokeronlinestatus]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

It is true that all the critics are criticizing all crypto currencies for the regularization. As being a decentralized digital and virtual crypto currencies to get control of illegal acts is looking very hard although I am very hopeful that if a government show its intention to get control of these activities then it is looking a very easy job.

[Frank0209]

Of course it's possible. But to be able to set up a regulatory framework for Bitcoin is not easy cause the security of Bitcoin is very high, the only way to find out the owner of any transaction is detecting the IP address but it'll not work if the user has a good VPN software. Because of the security of Bicoin there are few countries banned Bitcoin but people live in these countries still have some ways to use Bitcoin and all other cryptocurrency withough being caught. For these reasons there are only few countries all over the world legalize Bitcoin as a local currency.

[mithon2017]

I think regulating Bitcoin is very important. I guess it is really possible because the government  allways want to have control almost certain things I and Bitcoin can include as well.that is why  news  about Bitcoin in our country ended up in beginning exchange and etc.but they still can't control Bitcoin,I think the are only solution for Bitcoin. So it's is very important

[pinkpanther03]

Regulate, yes but control, no. Don't belittle the government's power. Stricter KYCs and right set of laws will be the key to achieve an effective regulation.

Yes, it maybe regulate but bitcoin can never be regulated because it is unregulated that's why government don't have a capacity to manipulate of bitcoin, and that's the good about it.

[Feuerbach]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

One of the key features of bitcoin is decentralization. Why are critics at all climbing into it, if they do not like it?

[China8888]

not sure how it can be regulated... id rather not have any regulation of things like this. its my investment, my future

[Quidat]

Regulate, yes but control, no. Don't belittle the government's power. Stricter KYCs and right set of laws will be the key to achieve an effective regulation.

Yes, it maybe regulate but bitcoin can never be regulated because it is unregulated that's why government don't have a capacity to manipulate of bitcoin, and that's the good about it.

This is why bitcoin do really have a bad image on most governments because its a decentralized stuff which cant really be controlled or manipulate by them and they cant impose taxes directly thats why they decide to tax on the service which do involve on bitcoin and other cryptocurrencies.

[adzino]

If crypto currencies, or at least bitcoin gets regulated, it won't have the current value it has now. It will be losing one of its most important and key feature "decentralization". People use bitcoin because they have full control over their funds. But if the government starts to regulate bitcoin, people will start to lose their freedom over their funds.

[bitcad4u]

If crypto currencies, or at least bitcoin gets regulated, it won't have the current value it has now. It will be losing one of its most important and key feature "decentralization". People use bitcoin because they have full control over their funds. But if the government starts to regulate bitcoin, people will start to lose their freedom over their funds.

Regulating Bitcoin are not possible because the bitcoin are unregulating one do only the government are not having capacity to manipulat the bitcoin because the security of bitcoin the few countries are use bitcoin as a legalized currency and some are not make it as legal.If all the country accept Bitcoin means, Regulation of bitcoin is formed.

[China8888]

one way of possibly regulating them is through tighter rules on the exchange companies. PRoviding more documentation, tax codes etc. But hopefully this would encourage them overseas, but into safe dependable territories.

[angaper]

If crypto currencies, or at least bitcoin gets regulated, it won't have the current value it has now. It will be losing one of its most important and key feature "decentralization". People use bitcoin because they have full control over their funds. But if the government starts to regulate bitcoin, people will start to lose their freedom over their funds.

Regulating Bitcoin are not possible because the bitcoin are unregulating one do only the government are not having capacity to manipulat the bitcoin because the security of bitcoin the few countries are use some ways to bitcoin and are crypto currency and so only in some other countries legaly using bitcoin.

Under the current terms of financial regulation in the West, there seems to be little room for cryptocurrencies precisely because of their decentralized and anonymous nature. However, the growth that is taking place in the market of the cryptos will be forcing in the coming years to the authorities to reconcile the financial and regulatory interests of governments with the undeniable demand for the cryptos that grows every day and whose potential is still enormous.

[FIFA worldcup]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

Its possible only if we promote it. Its all up to us how we spread the knowledge of bitcoins by using social media. But the fact is many people don't want to learn anything they're laziest enough that don't wan to learn NEW things. They're just addicts of talking people with chats and having fun.

[thet]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

Wishing that someday ICO can be regulated by a certain organization so that Scam ICO can be determine easily. By that, Scam ICO can be Avoided.

[wuvdoll]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

We are already seeing it practically from some of the countries regulating it and we are going to see a lot of them in years to come. It is very possible, the activities surrounding it to some point can be regulated but it absolutely cannot be controlled and that one is for sure.

The exchanges just like we are having in some countries are going to be at the forefront of the government's monitoring camera which I believe, no user in each country cannot do without.

[Lagduf]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

Wishing that someday ICO can be regulated by a certain organization so that Scam ICO can be determine easily. By that, Scam ICO can be Avoided.

Just even if that happen, some of ICO will be held underground, maybe people who's going to be scammed by untrusted ICO without reliability is decreasing significantly.
but some of people may still be scammed, as those ICO using a currency which its nature is decentralized, it's like holding people from selling drugs but they still do it.

[coinplus]

Goverments can only regulate bitcoin to fiat exchange. Cause they can control fiat flow through banks.
But they cannot regulate bitcoin or any other blockchain based coins. Specially they will never regulate TOR based or Privacy based currencies.
This is just a dream of dictators.

Dream of dictators truly. That is what most people do not understand and they just keep kicking against the government regulation of bitcoin. Bitcoin still remains decentralized and cannot be controlled. The regulation here will only ball down to bitcoin-fiat which to me is normal and whoever prefers to go the P2P way, that is their choice. Adoption and regulation of bitcoin will even make more investors aware of the digital currency.

[hispout]

I think those who criticize only some people who do not know crypto. they are jealous of the development of bitcoin but they are afraid to take part in it because of the high risk. I think this part of the virtual world even we gamble has a very high risk of failure. and I think bitcoin will not get regulation.

bitcoin does have a high enough risk as well. because in achieving a success in bitcoin it is very risky. so any risk we still have to face.

Risk is also in the owing if physical currency and governments will implement bitcoin system soon because they are well aware of the blessing of this coin so be prepare for this coin and regulations will also be applied because this is the right of government and first of all its anonymity will be removed so that it works crystal clear mode and then taxation system will be applied on this coin and its good for us to use,

[4U]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

that's why bitcoin is still illegal today. because no bitcoin can manage. bitcoin has been growing because everyone is very supportive of bitcoin, because it can benefit all people. such as investing and trading. and if the government has already begun to act, then bitcoin should start making new rules, or something like that.

Well I think regulation of bitcoin is very important for it and I think once if bitcoin become regulate in countries so the users will also be increased and when the users become increased so there is no doubt that bitcoin will become stable and powerful in world because world need bitcoin and they respect as well so I think yes it must be regulate.

[carlisle1]

Regulate, yes but control, no. Don't belittle the government's power. Stricter KYCs and right set of laws will be the key to achieve an effective regulation.

i agreed on that mate,no one can control bitcoin because of decentralization.and Ofcourse we the users wont allow that regulating and taxes are normal because ita every governments rights that if the people earn the government must asked for tax.

[endut15]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

that's why bitcoin is still illegal today. because no bitcoin can manage. bitcoin has been growing because everyone is very supportive of bitcoin, because it can benefit all people. such as investing and trading. and if the government has already begun to act, then bitcoin should start making new rules, or something like that.

Well I think regulation of bitcoin is very important for it and I think once if bitcoin become regulate in countries so the users will also be increased and when the users become increased so there is no doubt that bitcoin will become stable and powerful in world because world need bitcoin and they respect as well so I think yes it must be regulate.

of course the government is more researching again with the bitcoin is how, because bitcoin also has not been approved by the government, but already many people who support bitcoin to go forward without thinking like government

[Venom2551]

As bitcoin is gaining girp in indian markets too. Government have to regularize the crytocurrency it would easy the online transaction and bitcoin in very effective

[mbelosto]

some kind of regulation will make it stronger and better currency
more trust will bring more users and will increase adoption, that what we need

[Sled]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

that's why bitcoin is still illegal today. because no bitcoin can manage. bitcoin has been growing because everyone is very supportive of bitcoin, because it can benefit all people. such as investing and trading. and if the government has already begun to act, then bitcoin should start making new rules, or something like that.

Well I think regulation of bitcoin is very important for it and I think once if bitcoin become regulate in countries so the users will also be increased and when the users become increased so there is no doubt that bitcoin will become stable and powerful in world because world need bitcoin and they respect as well so I think yes it must be regulate.

of course the government is more researching again with the bitcoin is how, because bitcoin also has not been approved by the government, but already many people who support bitcoin to go forward without thinking like government

The government will surely make a research first before going into acceptance of bitcoin in their country because they have a big role in the whole market and they need to make sure that the thing that they are going to accept is a trustworthy one and it will give benefits to them and not only for their citizen because they are wise enough to not let the benefits just go with their citizen.

[Fulmand]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

that's why bitcoin is still illegal today. because no bitcoin can manage. bitcoin has been growing because everyone is very supportive of bitcoin, because it can benefit all people. such as investing and trading. and if the government has already begun to act, then bitcoin should start making new rules, or something like that.

Well I think regulation of bitcoin is very important for it and I think once if bitcoin become regulate in countries so the users will also be increased and when the users become increased so there is no doubt that bitcoin will become stable and powerful in world because world need bitcoin and they respect as well so I think yes it must be regulate.

of course the government is more researching again with the bitcoin is how, because bitcoin also has not been approved by the government, but already many people who support bitcoin to go forward without thinking like government

The government will surely make a research first before going into acceptance of bitcoin in their country because they have a big role in the whole market and they need to make sure that the thing that they are going to accept is a trustworthy one and it will give benefits to them and not only for their citizen because they are wise enough to not let the benefits just go with their citizen.

Bitcoin being regulated by the government might decrease its demand thus lowering its price value also. Decentralization gives freedom to ordinary citizen to earn money without being taxed by the government. As of the moment the government does nit have the capacity to control over it yet but we will never know in the coming days or years.

[buxlover]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

It is process of creating new laws and amendment and if regulatory bodies thought to do that then yeah surely they can regulate the crypto currencies. Only the thing that needs to be considered first is whether this would be good idea to implement and make the blockchain operate in limits and loose all the peer to peer workflow? Because obviously this will impact the decentralised working of blockchain and we may see completely different infra for the blockchain. Just saying but yeah regulations are not that difficult to apply. They can be well thought with the authorities and however in case of crypto currency it will need to be global setting!

[mifanmuzny]

This so called regulation wont happen until the banking systems accept bitcoin as a form of currency. These bankers will lose big time if they do so its kinda hard right now will see how it plays up in the long run

[henmark]

Most people like bitcoin because it is not regulated. I think if its gonna be regulated some people will luck interest and the price will surely going down. Government will then add taxes.... and so on. If this is gonna be regulated people/government  can track transaction from each bitcoin owner and its gonna be safer but it lesser price conversation in fiat.

I don't think so that they won't like bitcoin at all if it is regulated, in fact in our country many people would like to join trading or any investments as long as it is law regulated, as of the moment it is not yet endorsed by the government so the people thinks bitcoin is a scam but still a lot is taking risk for it because they have seen the potential in bitcoin.

Yes bitcoins being a decentralized economy must not get regulated at any cost. This is because if it would happen the easy methods available for online transactions would get seized at once along with the use of cryptocurrencies for used in international  business would get limited any the government could take hold of all the matters n its hand.

This is going to cost heavy amounts of tariff in the payment of dues and the whole thing would turn again to the less developed methods of money transactions around the world.

[ricardobs]

I think it needs to be done to regulate Bitcoin because this currency is very freely used by many people for crime. But just for the use, but if regulating the Bitcoin price I refuse.

well regulations were needed just to filtered the launches of ico for it became too in demand that sone are launched just to scam people, regulation to minimize fees , but it might result also for additional taxes or worse banning when government didn't finds a way to benefit on it.

In terms of taxation the regulations might affect the cryptocurrency user community. But in terms of usage accessibility, the regulations will give users the freedom to use bitcoin and avoid the fear of governments interruptions. Another major flaw that happens is the control, somehow an central power tries to keep track of the user which is not good for the functioning of a decentralized asset.

Keeping track of user’s activities? I don’t really see anything wrong with that, and I won’t even bother if that was to really happen. Only those that wouldn’t like to see that happen are those that are into illegal stuffs and making use of dark webs to carry out their evil plans.

I don’t do anything evil, so I wouldn’t mind. Being legalized and regulated will give us freedom to do almost anything with bitcoin, but it can never be legalized and controlled by government, because it is decentralized. Government can only control something that is within its country.

[p i e c e]

I haven't read all the messages before. Maybe I will tell the thoughts which were expressed here yet. But not Bitcoin must be regulated, regulation must be provided for all its forks, and for some other currencies which money volume on the market high enough to influence on the stock balance.

[Rinder]

Countries need to adapt to the future, crypto does represents a problem to banks, since people can store their money into crypto without need the bank service anymore, soo banks loose power and countries loose the huge control they have into banks and people. Legislation is required since a lot people is and wanna invest into crypto world, soo our profits wont be considered ilegal or frozen because the country doesnt recognize the source of the money. Currently the pression to legalize is going up as the price of bitcoin keeps growing, soo sooner or later a country will have to take a position.

[Reid]

This so called regulation wont happen until the banking systems accept bitcoin as a form of currency. These bankers will lose big time if they do so its kinda hard right now will see how it plays up in the long run

True. It will be like regulated in law and that is it. Without having any proof that it is happening already.
It will be dumped after they pass it at law. No one will care or no one will even have the time to look deeper in it. They just did it for that.
Sadly this happens in many countries. The law is there but all have been buried so deep.
It needs more time. I think it will be best to let it stay this way.

[Fatunad]

I think it needs to be done to regulate Bitcoin because this currency is very freely used by many people for crime. But just for the use, but if regulating the Bitcoin price I refuse.

well regulations were needed just to filtered the launches of ico for it became too in demand that sone are launched just to scam people, regulation to minimize fees , but it might result also for additional taxes or worse banning when government didn't finds a way to benefit on it.

In terms of taxation the regulations might affect the cryptocurrency user community. But in terms of usage accessibility, the regulations will give users the freedom to use bitcoin and avoid the fear of governments interruptions. Another major flaw that happens is the control, somehow an central power tries to keep track of the user which is not good for the functioning of a decentralized asset.

Keeping track of user’s activities? I don’t really see anything wrong with that, and I won’t even bother if that was to really happen. Only those that wouldn’t like to see that happen are those that are into illegal stuffs and making use of dark webs to carry out their evil plans.

I don’t do anything evil, so I wouldn’t mind. Being legalized and regulated will give us freedom to do almost anything with bitcoin, but it can never be legalized and controlled by government, because it is decentralized. Government can only control something that is within its country.

The true freedom for me is that i do have the full control of my money and not all people who do love anonymity are those people who are doing illegal stuffs because most people do really love that no one could watch their activities even on their legal spendings. Regulating bitcoin wont really be possible because we do know that bitcoin is a decentralized stuff this is why most government doesnt like bitcoin and cant be easily adopted into the place. They do only see the negative impacts of bitcoin not on its benefits.

[Rinder]

Countries need to adapt to the future, crypto does represents a problem to banks, since people can store their money into crypto without need the bank service anymore, soo banks loose power and countries loose the huge control they have into banks and people. Legislation is required since a lot people is and wanna invest into crypto world, soo our profits wont be considered ilegal or frozen because the country doesnt recognize the source of the money. Currently the pression to legalize is going up as the price of bitcoin keeps growing, soo sooner or later a country will have to take a position.

[Samueltalk]

For bitcoin there is no need to set rules, my advice is better to create rules for altcoins because now many ico are not qualified.

[Alalex]

Set the bitcoin .. For me to manage the same btc financial controls, I have to compare my current expenses, at least my income is still 85% of my expenses this week, I think we are one Opinion is my way set the bitcoin I have. oh yeah, we can do btc coin mining to get a lot of btc, i'm interested in bitcoin mining because very lucky for me and all of us.

[yuto7]

It's impossible to regulate a bit coin. Even if it's regulated, something to switch to that is just invented.

[Granxis]

We believe bitcoin's credibility since from the start and we dont encountered any trouble from it.
Planning for regulating bitcoin is just a way of changing its system, and I believe it would not be necessary to have it.

BTC has to be forced to renew itself, the technology of 2009 and the technology of 2017 can not be the same. China, Russia's influence will be felt in the coming years.

[Lorna t]

In the system and there is no control over each transaction. Bitcoin is similar this one .it is open source and nobody can regulating here when you are stabbing in bitcoin and not print like dollars this and made by people to increase or digress are the same .bitoin still bitcoin nobody can can regulate here....

[carodupuis]

I do not think bitcoins need to issue specific rules in their use, but regulations need to be used on Ico projects that will form new coins, to reduce fake Ico projects.

Governments need to regulate bitcoin, this will be better for both bitcoin and the state  because it play a vital role in developing a nation. It can unite whole the world on one currency and then after every country will use bitcoin instead of their local currency, thus people will get rid of cash exchange and slowly and gradually get introduced into ICO and many other projects.

[Finestream]

In the system and there is no control over each transaction. Bitcoin is similar this one .it is open source and nobody can regulating here when you are stabbing in bitcoin and not print like dollars this and made by people to increase or digress are the same .bitoin still bitcoin nobody can can regulate here....

Bitcoin cannot be regulated but definitely we as users can be regulated through a law as we are all bound to follow it, otherwise we will be dealt accordingly. There is no way to stop bitcoin if we continue to support it because the government also listen to us and they will serve what is the interest of the majority and there is nothing wrong we see on bitcoin but it can only help us to ease our transaction online and also it can give us a chance to invest.

[Kiweikoo]

I think it needs to be done to regulate Bitcoin because this currency is very freely used by many people for crime. But just for the use, but if regulating the Bitcoin price I refuse.

Exactly! Regulating of bitcoin is really a great idea. It is because of the reason that it will help more people in having an idea about what bitcoin actually is. In addition to this, it will also help more number of people to come and invest in bitcoin. There is no way that we can spread awareness about bitcoin amongst the people if we will not regulate bitcoin. This is the best way of spreading awareness.

[pureclckr]

I think it needs to be done to regulate Bitcoin because this currency is very freely used by many people for crime. But just for the use, but if regulating the Bitcoin price I refuse.

If governments regulated bitcoin then it is a very positive step by them because in present time every country use their own currency but if bitcoin is accepted by all the countries worldwide then in this way whole the world will accept bitcoin as one currency. In this way the payments procedure will become very easy and people will get rid of banks and currency exchange.

[eekkaa]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

it seems that it will not happen again because china has become a developing country and better than ever.

[jhongzjhong]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

Maybe our government regulate bitcoin to our country but not controlled this crypto currency. No one controlled by bitcoin except the founder hiding for an anonymous name for not to become famous, uncontrolled by our government thats a freedom for us, besides we the users also regulate bitcoin by attracted more investors.

[BCEmporium]

In the system and there is no control over each transaction. Bitcoin is similar this one .it is open source and nobody can regulating here when you are stabbing in bitcoin and not print like dollars this and made by people to increase or digress are the same .bitoin still bitcoin nobody can can regulate here....

Bitcoin cannot be regulated but definitely we as users can be regulated through a law as we are all bound to follow it, otherwise we will be dealt accordingly. There is no way to stop bitcoin if we continue to support it because the government also listen to us and they will serve what is the interest of the majority and there is nothing wrong we see on bitcoin but it can only help us to ease our transaction online and also it can give us a chance to invest.

They only serve the interests of the majority if there is absolutely no other way around for them. They serve their own interests first, everything else comes after and only if it doesn't hinder their own interests.

[Tantlizbat]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

yes i know that currency has been widely criticized because of lack id regulation but we know that bitcoin is that type of currency which people like and invest daily and if we see people all over the world invest in bitcoin only because bitcoin is full of benefits.

Besides the lack of regulations which is commonly criticized by the people I am looking no such impact on the popularity and profitability of bitcoins. People are increasing their investment in bitcoin day by day which is a clear indication of its high profitability and high rates of returns.

[worle1bm]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

Regulating a digital currency with such a large market cap of billions of dollar is not an easy task but with the government backing its possible as examples can be seen where its official currency.But no one have monopolistic control over it and prices will soar if this happens as it will be accepted globally and demand and investment will increase.By making some amendment or new laws the government can regulate it's usage as the legal currency.I want this to happen with bitcoin.

[Umar001]

Regulating bitcoin can not be over emphasize, because regulate bitcoin will bring confident to public or investor, regulate bitcoin will also reduce crime  that associate with bitcoin as a whole, which would prevent frauds star from penetrate to the system.

[player12]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

Yeah you are correct that bitcoin is criticized widely because of lack of regulation. Bitcoin is lack or regulation because bitcoin is uncontrolled of anyone. Maybe the only can do of regulatory framework is a government once they adopt bitcoin and legalized it as they crypto currency. I read in one article that one country create a regulatory board for money laundering in bitcoin to avoid criminality incident through using bitcoin in currency exchange. I think this is a form of regulation when it come to bitcoin once government adopt it and legalized it..

good

[BingoDog]

Some governements and central banks have already regulated or tried to regulate the bitcoin and I think this is something that can't be avoided in the future. With mass adoption and efforts for bitcoion to be adopted also by businesses this is necessary. But to my opinion regulation will not influnece on bitcoin decentralized system so we don't to have fear that. Regulation executed in proper maner actually can help bitcoin and give to it certain legal basis and security.

[mOgliE]

Hi,

I think it would be really hard to regulate bitcoin through the traditional system (laws, acts, and so on), just because the process is way to long compared with this fast§changing environment (bitcoin).
However, it may be a good occasion for governments to try to come up with a faster system, more flexible.

[orka39]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

I think its possible for regulation. But regulation of bitcoin can control itself then i will not agree at all.
If the regulation only mean bitcoin is legal using for payment or every activity in bitcoin then its good and many people will support.

[justdimin]

There would be a trade-off between regulation and anonymity. We will probably lose the latter (which is the selling point of cryptocurrencies) since the very notion of regulation is tightening the freedom bitcoin offers. I personally can think of a way of regulating it without jeopardizing anonymity but would I would probably support it if they can come up with a good approach.

Can we even really say bitcoin is not anonymous when I can easily trace any transaction in a wallet except if a mixing service is used ?

Except for those who may want to do some evil act, anonymity should not really be a thing of issue. Moreover, before you make use of most exchanges these days without being limited to the amount you can withdraw at once, you will have to get verified.

So, these are some of the things we will keep seeing in most countries as times go on, most especially those who may like to convert to fiat. I can still stay anonymous if I decide to do a direct P2P transaction to whomever I am purchasing something from.

[Kiweikoo]

Regulate, yes but control, no. Don't belittle the government's power. Stricter KYCs and right set of laws will be the key to achieve an effective regulation.

It is the key responsibility of the government to keep its vigilant eye on all activities in their concern country so it is very much important to regulate bitcoin business in the best interest of public service thus the people will become more confident to start their business like investment and trading in bitcoin without any fear of illegal and criminal acts.

[karnwillbit]

Regulate, yes but control, no. Don't belittle the government's power. Stricter KYCs and right set of laws will be the key to achieve an effective regulation.

To become a common digital and virtual crypto currency of the whole world it is very much important that no one question may be raised against bitcoin so regulating bitcoin will be the need of the day, further more I am very positive about the regulation of bitcoin because it will help to control all the illegal ways of the hackers in the best interest of the property of the investors of a country.

[shoreno]

Regulating bitcoin can not be over emphasize, because regulate bitcoin will bring confident to public or investor, regulate bitcoin will also reduce crime  that associate with bitcoin as a whole, which would prevent frauds star from penetrate to the system.

no it cant. even if bitcoin is regulated, it wont still reduced the crime and it wont still bring confidence to the public because as you see fiats are regulated and controlled by governments yet there were still crime and other illegal that are being reported.though it will be a good help if bitcoin and other crypto coins can be regulated because police and nbi's can easily track down those criminals.

[RavRider]

Bitcoin is open source, so its impossible to regulate. And even if somebody try it, where he want to starts? It has a market cap of billions of dollar. And i thing when it will be regulated, it will lose the biggest part of his value.

[BCEmporium]

Bitcoin is open source, so its impossible to regulate. And even if somebody try it, where he want to starts? It has a market cap of billions of dollar. And i thing when it will be regulated, it will lose the biggest part of his value.

You can regulate open source projects to some extent. The reason Bitcoin can't be controlled is because of the decentralized ledger.

[vidprab5]

Regulate, yes but control, no. Don't belittle the government's power. Stricter KYCs and right set of laws will be the key to achieve an effective regulation.

Yes, it maybe regulate but bitcoin can never be regulated because it is unregulated that's why government don't have a capacity to manipulate of bitcoin, and that's the good about it.

This is why bitcoin do really have a bad image on most governments because its a decentralized stuff which cant really be controlled or manipulate by them and they cant impose taxes directly thats why they decide to tax on the service which do involve on bitcoin and other cryptocurrencies.

Well I think to regulate bitcoin its very good it can help to bitcoin and as well as its good for countries as well because I believe that once if bitcoin become regulate in countries so tax will be started and those people who don’t trust on bitcoin they will also join bitcoin and bitcoin can become more popular in market so I think it must be regulate.

[higherhat]

When it comes  to cryptocurrency and regulating it would almost be an impossible task, because the industry and market is really big. How will you be able to successfully regularize a currency that's flexible?

[Dudeperfect]

Regulation, control and access are the most favoured concepts by the governments so I won't be surprised if I see any guidelines or mandatory instructions to collect and share the KYC details of the users by the government to the domestic exchanges. Governments will try to gain maximum data of the transactions in order to determine the tax liability of the users so regulation will be there in the coming years.

[lepricoin]

Regulation bitcoin is likely to lead to its decline, because due to its properties, it became popular and demanded. Many countries do not understand this and frighten people involved in bitcoin.

[oyinkansolaberry]

coming up with a regulatory frame work will make it not different from fiat money. it also means defeating the original purpose/intention of the originators of the coin. Bitcoin and the other Altcoin were built and designed to be decentralised, free of government intervention & regulation. I don't see any reason why they should deviate from the original plan.

[Umar001]

Yes, it's very necessary to regulates bitcoin, to bring public public confident, living it open, without regulations may give scammer opportunity to penetrate the system. So idea of regulates bitcoin is welcome development.

[Vaskiy]

Regulation, control and access are the most favoured concepts by the governments so I won't be surprised if I see any guidelines or mandatory instructions to collect and share the KYC details of the users by the government to the domestic exchanges. Governments will try to gain maximum data of the transactions in order to determine the tax liability of the users so regulation will be there in the coming years.

As in the statement, governments will try to gain more access to the each and every user who has been using bitcoin through the data gathered with the KYC norms. Taxation will come into effect, but the same will not let the regulations successful, because the anonymity will not make it go completely under the control of governments.

[Edraket31]

coming up with a regulatory frame work will make it not different from fiat money. it also means defeating the original purpose/intention of the originators of the coin. Bitcoin and the other Altcoin were built and designed to be decentralised, free of government intervention & regulation. I don't see any reason why they should deviate from the original plan.

You are right that is why bitcoin has invented as decentralized so we can freely enjoy our investments as well as having our own money without knowing by any person or a bank or government itself, the mission of bitcoin is to expand the earnings of people and also to have an innovation since we don't want hassle in life and we are valuing our time well.

[konco_kenthel]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

indeed bitcoin still need to be in the evaluation of the drawback so that the government should immediately to Act as soon as possible in anticipation of appear various forms loss the Hunter and the main purpose is the benefit of the community with the government of the future.

[TTITA]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

indeed bitcoin still need to be in the evaluation of the drawback so that the government should immediately to Act as soon as possible in anticipation of appear various forms loss the Hunter and the main purpose is the benefit of the community with the government of the future.

Still need more evaluation and research.
Regulation bitcoins not need about accepting and adopting it in systems. But how this Bitcoins can give good impact to population in countries. Teaching skeptic people about new technology same as difficult about how to teaching people to using first computer.

[Dudeperfect]

Regulation, control and access are the most favoured concepts by the governments so I won't be surprised if I see any guidelines or mandatory instructions to collect and share the KYC details of the users by the government to the domestic exchanges. Governments will try to gain maximum data of the transactions in order to determine the tax liability of the users so regulation will be there in the coming years.

As in the statement, governments will try to gain more access to the each and every user who has been using bitcoin through the data gathered with the KYC norms. Taxation will come into effect, but the same will not let the regulations successful, because the anonymity will not make it go completely under the control of governments.

Exactly and we are already paying taxes for the Bitcoin to fiat or vice versa transactions in our country. As per the current rate, we have to pay 18% tax on the transaction fee in the form of Goods and service tax.

* Unocoin | Fee Structure.

I am talking about one to one transactions through the platform like Localbitcoins but it's applied when we use the exchange to that where our KYC details are registered. Soon government may extend this to one to one transactions too in my opinion.

[gilangIDR]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

indeed bitcoin still need to be in the evaluation of the drawback so that the government should immediately to Act as soon as possible in anticipation of appear various forms loss the Hunter and the main purpose is the benefit of the community with the government of the future.

The government is currently closed to use bitcoin. They do not seem to have an ambition to be able to make the regulation in order to apply bitcoin in the country's financial system. The government is too scared because bitcoin is expected to disrupt the economic system in the country. Whereas if it can be utilized properly then bitcoin can actually be a force to improve the welfare for many citizens.

[benmartin613]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

Nope that wont be possible, if you regulate bitcoin then most users will leave bitcoin and look for another coin that is decentralized.
If there is one coin that is regulated then i dont think it will gain user across the globe.

[bitkanu]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

Nope that wont be possible, if you regulate bitcoin then most users will leave bitcoin and look for another coin that is decentralized.
If there is one coin that is regulated then i dont think it will gain user across the globe.

If you awake, the regulation can be forced for any form of cryptocurrencies and digital currencies it doesn't matter whether you're using invisiblecoin or whatsoever you will be in charge of that regulation and forcefully obeying all these. Otherwise, punishment from the government is waiting, so government is not that stupid to let bitcoin regulated by not all those altcoins.

[shezu007]

the regulation of the bitcoin will also effect the total crypto market because the trade of the bitcoin will be raised more , the senior investor will not hesitate to invest and ,nor making the trade.  Due to the illegal people are save their self for not paying the tax to government.

[bajigur894784]

I do not think so,
because Bitcoin itself is not a problem.
on the contrary, Bitcoin managed to solve many problems that interfere with other currency payment systems right now.
This is an important part of the problem with the idea of ​​Bitcoin regulation.
Countries / nations and regulators simply want to control and manage, not to protect users.

[tranquangvinh]

Personally , I think bitcoin does not need a framework to regulate  bitcoin. Bitcoin is a virtual currency, born without an organization or a country that governs it, it works freely, no one can control or regulate it. If it is regulated , I think bitcoin is not bitcoin anymore, it will be replaced with a different name or a different currency will replace it.

[P3]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

yes i know that currency has been widely criticized because of lack id regulation but we know that bitcoin is that type of currency which people like and invest daily and if we see people all over the world invest in bitcoin only because bitcoin is full of benefits.

Besides the lack of regulations which is commonly criticized by the people I am looking no such impact on the popularity and profitability of bitcoins. People are increasing their investment in bitcoin day by day which is a clear indication of its high profitability and high rates of returns.

The control of bitcoin relies on the trust and prominence of it. I think later on it is feasible for a few nations that the direct the bitcoin yet it will make an effect on the banks of that nation. Since bitcoin is more useful for individuals than banks so individuals will lean toward the bitcoin and banks will affected. While banks are extremely helpful to a nation.

[richsoon]

Bitcoin is already regulated on the exchange level making it a bit more challenging to launder money than if it were completely unregulated, however there is little authorities can do with smaller sums the same as with cash.

It is however inevitable that they will regulate it on an individual basis soon to avoid too much tax evasion, I think however that will also be done through exchanges rather than up to the individual because its simply too hard to watch over the entire population.

[E-conomist]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

I believe that a regulatory framework for bitcoin and other crypto-currencies is very needed. Firstly, there is a need for self regulation by the community to ensure the public interest. Such a regulation should include rules for setting the economic incentives that are built into the system, such as setting a "monetary policy" that would minimize speculation and creating a sustainable mining scheme.

[principledquince]

For security reason, it is necessary to every investor to have a protection for their investments. So its really possible on a country who will accept bitcoin to come up with a regulatory framework. But ofcourse if this will happen, we will no longer enjoy bitcoin because for sure that government will imposed tax and transaction fees.

[blockman]

For security reason, it is necessary to every investor to have a protection for their investments. So its really possible on a country who will accept bitcoin to come up with a regulatory framework. But ofcourse if this will happen, we will no longer enjoy bitcoin because for sure that government will imposed tax and transaction fees.

They had to be secured with their investments but you must know that bitcoin is volatile. In what term of security of the investors you want us to have? To have assurance that it is backed up by the government? I can't understand what you are trying to prove, first you want investors to have protection for investments which can be good for regulation by the government and last you'll say that we will no longer enjoy it.

[7788bitcoin]

Nope that wont be possible, if you regulate bitcoin then most users will leave bitcoin and look for another coin that is decentralized.
If there is one coin that is regulated then i dont think it will gain user across the globe.

Regulating does not mean that it will become decentralized,if a government could decentralize a currency in the crypto platform then they can do that with any currency  .Regulating bitcoin means they could tax and monitor the flow of money going in and out of the country and that is the best they can do with regulations.

[barontamago]

Bitcoin is made to be decentralized so it won't mind being lack of regulation. The government can't ban it since there are many people who uses bitcoin. They also lack of right to regulate it since they didn't own it on the first place.

[ahmad21]

Ideally, crypto means working on a P2P network in which only two people are interrelated with each other they are the ones which frame their protocols and transact through it. But as crypto has developed to such stage that we can see its mass adoption. Therefore, there is increase in black market too. So, going with the ideal information if we regulate crypto its no more P2P network. But there is only one way in which it could be regulated that is govt. creating its own crypto. India is developing Laxmi coin which will contain all traits of crypto but would be regulated.

[obinine]

In the system and there is no control over each transaction. Bitcoin is similar this one .it is open source and nobody can regulating here when you are stabbing in bitcoin and not print like dollars this and made by people to increase or digress are the same .bitoin still bitcoin nobody can can regulate here....

Bitcoin cannot be regulated but definitely we as users can be regulated through a law as we are all bound to follow it, otherwise we will be dealt accordingly. There is no way to stop bitcoin if we continue to support it because the government also listen to us and they will serve what is the interest of the majority and there is nothing wrong we see on bitcoin but it can only help us to ease our transaction online and also it can give us a chance to invest.

They only serve the interests of the majority if there is absolutely no other way around for them. They serve their own interests first, everything else comes after and only if it doesn't hinder their own interests.

May be some government regulate Bitcoin because their own currency is not value able in world trading, by regulating the bitcoin weak countries can improve their economical stat. But most likely strong countries will not regulate Bitcoin because it will create a hard impact on their banks.

[TheServerDown]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

It is regulated in some countries. Decentralization is its best assets and it entices more and more people everyday. It is possible to build regulations around digital currencies but it just result to forks and drop in pricing.

[Layonk]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

Yes of course it is possible. And if it is happen but not control it, it will be good news for bitcoiners.
If regulation happen, more people will interest because people believe with government.

[Ranly123]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

Yes it is posible to have a regulatory framework for bitcoin, but is it really needed? Bitcoin is made decentralized in order to let people do what they want to do with their financial resources without the government interrupting the income from bitcoin. Regulating bitcoin will mean that it price will be predictable which make it less exciting to invest and make other investors to invest on other cryptocurrency that would divide investors from bitcoin to other coins.

[KrLos]

For security reason, it is necessary to every investor to have a protection for their investments. So its really possible on a country who will accept bitcoin to come up with a regulatory framework. But ofcourse if this will happen, we will no longer enjoy bitcoin because for sure that government will imposed tax and transaction fees.

Besides, if the authorities regulate bitcoin, it will fall in price and popularity, and then a new decentralized currency will appear.

[wolfgang56]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

I don't think it is possible because there is no one who wants to be a responsible if something happens to bitcoin because it will be expensive for that people. There is no one who wants to pull out some money just to regulate bitcoin in this time.

[guoyu78]

I think Bitcoin and digital coins are built on freedom, non-binding, decentralized and autonomous so binding rules and common rules are not necessary. It makes people feel uncomfortable when drinking Bitcoin, making more people hate Bitcoin. This is not necessary because people are always aware of their work and they always want to make money so putting constraints is not a good idea.

Lol. Do you think that government officials are interested in your problems? People looking for extra income because all governments do not want to manage the economy so that people have a decent income. If we allow the state to regulate bitcoin it will happen the same as with Fiat. Why do it? Allowing the idea of state regulation do you kill bitcoin.

And that is where you have gotten it all wrong. I really wonder if people read through the threads or they take their time to understand what regulation really means. Regulation can never change the properties of bitcoin and it will remain decentralized as long as it remains the way it is now. Regulation will only end up when the users are dealing with exchanges and as long as you are either using fiats to buy or you are converting to fiats, you have to stay within the laws and policies of the government.

The value can never be controlled like fiats and you can decide to your P2P exchange as much as you want. No government can stop you with that.

[qq1041414104]

Great idea, I like this!

[jpoker272727]

I think Bitcoin and digital coins are built on freedom, non-binding, decentralized and autonomous so binding rules and common rules are not necessary. It makes people feel uncomfortable when drinking Bitcoin, making more people hate Bitcoin. This is not necessary because people are always aware of their work and they always want to make money so putting constraints is not a good idea.

Lol. Do you think that government officials are interested in your problems? People looking for extra income because all governments do not want to manage the economy so that people have a decent income. If we allow the state to regulate bitcoin it will happen the same as with Fiat. Why do it? Allowing the idea of state regulation do you kill bitcoin.

And that is where you have gotten it all wrong. I really wonder if people read through the threads or they take their time to understand what regulation really means. Regulation can never change the properties of bitcoin and it will remain decentralized as long as it remains the way it is now. Regulation will only end up when the users are dealing with exchanges and as long as you are either using fiats to buy or you are converting to fiats, you have to stay within the laws and policies of the government.

The value can never be controlled like fiats and you can decide to your P2P exchange as much as you want. No government can stop you with that.

This^

[futile-resistance]

Bitcoin was made independently that no one has to produce or build up any consequences for it. We, people are the one's who is responsible for every matter or problem that can occur on our account. 

Exactly. And if anyone decides they want to stick with exchanges while dealing with bitcoin-fiat-bitcoin, then they must be ready to abide by the monetary rules of the country. But I can decide to make transactions from my wallet to someone else’s' without being monitored by the government as there is no way they can ever do that.

[Thanasis]

I think Bitcoin and digital coins are built on freedom, non-binding, decentralized and autonomous so binding rules and common rules are not necessary. It makes people feel uncomfortable when drinking Bitcoin, making more people hate Bitcoin. This is not necessary because people are always aware of their work and they always want to make money so putting constraints is not a good idea.

Lol. Do you think that government officials are interested in your problems? People looking for extra income because all governments do not want to manage the economy so that people have a decent income. If we allow the state to regulate bitcoin it will happen the same as with Fiat. Why do it? Allowing the idea of state regulation do you kill bitcoin.

And that is where you have gotten it all wrong. I really wonder if people read through the threads or they take their time to understand what regulation really means. Regulation can never change the properties of bitcoin and it will remain decentralized as long as it remains the way it is now. Regulation will only end up when the users are dealing with exchanges and as long as you are either using fiats to buy or you are converting to fiats, you have to stay within the laws and policies of the government.

The value can never be controlled like fiats and you can decide to your P2P exchange as much as you want. No government can stop you with that.

I don't think it is possible to regulate the use of bitcoin if government make some rules for spending or using bitcoins no use in it because bitcoin transaction is fully anonymous so no one can trace our transaction and no way to find we are following the rules or not.
So still you guys are thinking bitcoin transactions can be regulated?

[fuer44]

I think Bitcoin and digital coins are built on freedom, non-binding, decentralized and autonomous so binding rules and common rules are not necessary. It makes people feel uncomfortable when drinking Bitcoin, making more people hate Bitcoin. This is not necessary because people are always aware of their work and they always want to make money so putting constraints is not a good idea.

Lol. Do you think that government officials are interested in your problems? People looking for extra income because all governments do not want to manage the economy so that people have a decent income. If we allow the state to regulate bitcoin it will happen the same as with Fiat. Why do it? Allowing the idea of state regulation do you kill bitcoin.

And that is where you have gotten it all wrong. I really wonder if people read through the threads or they take their time to understand what regulation really means. Regulation can never change the properties of bitcoin and it will remain decentralized as long as it remains the way it is now. Regulation will only end up when the users are dealing with exchanges and as long as you are either using fiats to buy or you are converting to fiats, you have to stay within the laws and policies of the government.

The value can never be controlled like fiats and you can decide to your P2P exchange as much as you want. No government can stop you with that.

I don't think it is possible to regulate the use of bitcoin if government make some rules for spending or using bitcoins no use in it because bitcoin transaction is fully anonymous so no one can trace our transaction and no way to find we are following the rules or not.
So still you guys are thinking bitcoin transactions can be regulated?

perhaps in this case is a limit in the bitcoin wallet of each user. limiting the amount of deposit is a regulation that may be applicable. the goal is to reduce crime, such as "money laundering".

[BabyBoss]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

We all know that bitcoin is one of the most beautiful and profitable coins we have this days and bitcoin is beneficial coins to all of us. It is been so valuable because of the price of it. And about the lack of regulation of bitcoin well it is more better for me because I have my own privacy in my earnings and profits. The best we have now is bitcoin so if bitcoin will needed some framework I think they will become more strict about identity of each person.

[Biggapp]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

Yes of course it is possible. And if it is happen but not control it, it will be good news for bitcoiners.
If regulation happen, more people will interest because people believe with government.

Are you crazy or drunk? Who told you that people really trust governments and they are in favor of making them the masters of everything they hold. All government are corrupt and they use just few money on the welfare of people, rest are used for their own interest. You should understand that people are really after bitcoin because it is not controlled by governments. Governments are simply wasting our money.

[kateryana81]

I think it needs to be done to regulate Bitcoin because this currency is very freely used by many people for crime. But just for the use, but if regulating the Bitcoin price I refuse.

Apparently, without regulations, a whole lot of people will even consider it as a way to loot funds easily into bitcoin and then not being traced. As bitcoin's growth increases and becomes well known, the activities surrounding bitcoin will be monitored which will definitely be done via exchanges. Why do we think some of them are insisting you go to verification before you convert into fiat?

[Tapyaks72]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

Yes of course it is possible. And if it is happen but not control it, it will be good news for bitcoiners.
If regulation happen, more people will interest because people believe with government.

Are you crazy or drunk? Who told you that people really trust governments and they are in favor of making them the masters of everything they hold. All government are corrupt and they use just few money on the welfare of people, rest are used for their own interest. You should understand that people are really after bitcoin because it is not controlled by governments. Governments are simply wasting our money.

The creation of Bitcoin is design to be anonymous, decentralized,and no boundaries in nature because of some reasons to allude unfair taxation from the government, to maintain privacy to avoid scrutiny of third party and versatility of transaction.because of that we can't expect that bitcoin be regulated.As
all we know that Satoshi Nakamoto knows all this things that people will patronized BTC because they are tired of paying taxes and regulation.

[iram3130]

I always think of taxation when I see the term regulation. I would say government's will start taxation on the capital gain, put some % to it like they've done for lottery etc.

[deddod]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

I think it is possible. because Bitcoin is a new technology that can not be stopped. wait for the government to create a regulatory framework for Bitcoin. sooner or later regulations about Bitcoin will be made.
because in most developed countries they have legalized Bitcoin.

[Naoko]

there is no difficulty in developing a regulatory framework...but will it be bitcoin? or something else in the end?

[Ttrader]

Any regulation on bitcoin will kill it. The whole idea of bitcoin is it is not regulated and therefore can not be censored, stolen or inflated. Adding a regulatory body makes bitcoin the equivilent of the bolivar

[Derrick]

In the system and there is no control over each transaction. Bitcoin is similar this one .it is open source and nobody can regulating here when you are stabbing in bitcoin and not print like dollars this and made by people to increase or digress are the same .bitoin still bitcoin nobody can can regulate here....

Bitcoin cannot be regulated but definitely we as users can be regulated through a law as we are all bound to follow it, otherwise we will be dealt accordingly. There is no way to stop bitcoin if we continue to support it because the government also listen to us and they will serve what is the interest of the majority and there is nothing wrong we see on bitcoin but it can only help us to ease our transaction online and also it can give us a chance to invest.

They only serve the interests of the majority if there is absolutely no other way around for them. They serve their own interests first, everything else comes after and only if it doesn't hinder their own interests.

May be some government regulate Bitcoin because their own currency is not value able in world trading, by regulating the bitcoin weak countries can improve their economical stat. But most likely strong countries will not regulate Bitcoin because it will create a hard impact on their banks.

[yusupjatigumilar]

I think the government will benefit a lot if the regulation on bitcoin transactions is enforced, but for now I think the government has not been able to create it even in some bitcoin countries began to be blocked as it threatens the country's economic stability.

[Aya1]

based on their research, regulators realize that what is needed is not the strict regulation that governs Bitcoin, but rather the dissemination of Bitcoin-related education in a larger degree.

[virasog]

based on their research, regulators realize that what is needed is not the strict regulation that governs Bitcoin, but rather the dissemination of Bitcoin-related education in a larger degree.

Bitcoin cannot be regulated as a whole as it is not in anybody control. What a government and other financial institutions can control is the things like they can put tax on cashing out bitcoins in local exchanges. Regulate the exchanges who want to deal with bitcoin to Fiat conversions etc.
Other than this it is not possible to control the existence and transactions of bitcoins.

[diegz]

I think the government will benefit a lot if the regulation on bitcoin transactions is enforced, but for now I think the government has not been able to create it even in some bitcoin countries began to be blocked as it threatens the country's economic stability.

No, it's not like that. It's going to be a hell to us bitcoin users if the government is going to regulate bitcoin. they could tax this as much as they want or they could force people to pay in every transaction they made or probably doubling their tax paying your capital gains in bitcoin and at the same time you are paying your regular tax.

I think it has no big effect in the economy, unless we are going to use all those bitcoin and pour it to the economy.

[djgtr]

I think the government will benefit a lot if the regulation on bitcoin transactions is enforced, but for now I think the government has not been able to create it even in some bitcoin countries began to be blocked as it threatens the country's economic stability.

No, it's not like that. It's going to be a hell to us bitcoin users if the government is going to regulate bitcoin. they could tax this as much as they want or they could force people to pay in every transaction they made or probably doubling their tax paying your capital gains in bitcoin and at the same time you are paying your regular tax.

I think it has no big effect in the economy, unless we are going to use all those bitcoin and pour it to the economy.

Yes that was really so true i believe  that if government will regulate bitcoin all of us will really required to give tax to the profit that we get on it this is really hell and this is really not in favored to us users or maybe investors and it really inconvenience maybe eveyone of us here is began to dissapoint if this regulating bitcoin should happen on next year.

[mifanmuzny]

I don't think its a possibility. Bitcoin is famous coz it doesnt have any regualtion.

[iqlimasyadiqa]

based on their research, regulators realize that what is needed is not the strict regulation that governs Bitcoin, but rather the dissemination of Bitcoin-related education in a larger degree.

Bitcoin cannot be regulated as a whole as it is not in anybody control. What a government and other financial institutions can control is the things like they can put tax on cashing out bitcoins in local exchanges. Regulate the exchanges who want to deal with bitcoin to Fiat conversions etc.
Other than this it is not possible to control the existence and transactions of bitcoins.

Bitcoin can be said to be a free-of-charge currency, although someday there is a rule limiting the use of Bitcoin, I think that is not significant because Bitcoin can be used as long as we have internet access. This is what makes one of Bitcoin's advantages over other financial media. But there is a negative side that can actually be abused, now started a lot of illegal acts committed by irresponsible people. They usually commit crimes and commit an offense. but once again for me that Bitcoin is a revolutionary which if used properly can increase the economic level of many people around the world. Appropriate regulation can help improve the development of Bitcoin, I hope the government can take appropriate steps in regulating the use of Bitcoin. This will be able to determine how the developmental direction and also the future of Bitcoin will be.

[Searing]

In the USA, my CPA claims that the Bitcoin Cash Fork drop WILL BE TAXED...the IRS it seems does not like $$$ falling out of thin air!

The current tax bill going to pass has already gotten rid of 'like-kind' like www.shapeshift.io, so those type of exchanges may

be toast, to stop capital gains in 2018.

Anyway, as an example, if you had 1,000 BTC and did nothing .... and BCH cash fell out of the sky and landed on your blockchain....you

may be required to to count it as income....this year that would be like 36.9% I think on that amount, add (if you were me in Minnesota

or some other state) add 10% on top of that ..It would be more or less 50%

Thus you would need to pay CASH for the BCH when it hit the world this summer (at around $280.00 usd I think it was)

Thus this guy, with 1,000 coins would owe IRS 50% as income at that $$$ rate...or $140,000.00 (all profit from thin air)...a guy with

100 btc would owe $14,000.00 usd  perhaps a bit less at say smaller tax rate....say a bit less

regardless, would really, really suck if BTC went to 10k and this happened and you had to cut into your hoard

I guess it should be expected when the IRS goes after ALL THE INFO coinbase has for 15 million folk, including your password

anyway, keep it in the back of your mind...I know the IRS hates money from air, thus why mining is taxed as income in USA..there

is a possibility this could be true for BCH and the  other 22 BTC forks I know of ..sheesh

I give the odds as 1 out of 5 of them trying this cluster....but damn, would it suck!

[mattmct]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

yes i know that currency has been widely criticized because of lack id regulation but we know that bitcoin is that type of currency which people like and invest daily and if we see people all over the world invest in bitcoin only because bitcoin is full of benefits.

Besides the lack of regulations which is commonly criticized by the people I am looking no such impact on the popularity and profitability of bitcoins. People are increasing their investment in bitcoin day by day which is a clear indication of its high profitability and high rates of returns.

The regulation of bitcoin depend upon the trust and popularity of it. I think in the future it is possible for some countries that the regulate the bitcoin but it will create an impact on the banks of that country. Because bitcoin is more beneficial for people than banks so people will prefer the bitcoin and banks will impacted. While banks are very useful to a country.

[tee-rex]

I think the government will benefit a lot if the regulation on bitcoin transactions is enforced, but for now I think the government has not been able to create it even in some bitcoin countries began to be blocked as it threatens the country's economic stability.

No, it's not like that. It's going to be a hell to us bitcoin users if the government is going to regulate bitcoin. they could tax this as much as they want or they could force people to pay in every transaction they made or probably doubling their tax paying your capital gains in bitcoin and at the same time you are paying your regular tax

I support this stance. Governments don't necessarily need to outright ban bitcoin. They could just regulate or tax it to death making it prohibitively expensive and risky to use for almost anyone. If the whole world of governments declares a crusade against bitcoin, we will have hard times. Cryptocurrencies won't go away, but if they are universally outlawed around the world, this will be a dead end for us. Prices will crash.

[Searing]

The only thing recently that I found of note on Crypto Regulation (ie and BTC) is below:


https://www.law.cornell.edu/cfr/text/26/1.451-2


It gives me some small hope, that by NOT touching/moving to wallet/ or anything on my BCH that fell from the sky

at $280 USD, I think it was when it hit the world....with the above IRS link above, I may not, be required by the

IRS to pay for this as income ... (falling from the sky, snap dab into my blockchain address)

My CPA says, if you moved it to a wallet and did not spend it..you MIGHT be still OK. But iffy.

Anyway, just thought I'd pass it along. I was kinda wondering a lot about this, (and of course the 22 forks BTC since,

from my last count, hell for all I know there are BCH forks!)

Anyway, my outta sight, outta mind, the play seems to have worked. (Good thing, because I would have spent it if it was easy)

Then again, someplace on bitcointalk, I promptly announced BCH would drop to 12 cents. Yeah, I'm a regular 'price savant'

in the 'wrong direction'

anyway, just thought I'd pass this along on this thread..if you too are watching BCH and thinking massive BCH price failure and being

dead wrong.....unsettling


Brad

[katrimans]

based on their research, regulators realize that what is needed is not the strict regulation that governs Bitcoin, but rather the dissemination of Bitcoin-related education in a larger degree.

I think of both the things to be equally important. Educating the people about bitcoin and making them aware about bitcoin is the most basic thing which we do need to do but other than this regulating of bitcoin also carries an equal importance.

This is the only possible way using which we’ll be able to make the best possible use of bitcoin and we will be able to use bitcoin in our benefit.

[OrangeSeller]

I think the government will benefit a lot if the regulation on bitcoin transactions is enforced, but for now I think the government has not been able to create it even in some bitcoin countries began to be blocked as it threatens the country's economic stability.

the point is that the countries and the governments want the people to rely on them as far as the financial benefit matters so all the countries which are banning the crypto currencies are feeling insecure and that is why the are behaving like this.

While this is not the long term planning, in the long term, they will have to legalize this crypto currency and also they will do the transactions with different other countries in the crypto currency.

[coinplus]

I think the government will benefit a lot if the regulation on bitcoin transactions is enforced, but for now I think the government has not been able to create it even in some bitcoin countries began to be blocked as it threatens the country's economic stability.

No, it's not like that. It's going to be a hell to us bitcoin users if the government is going to regulate bitcoin. they could tax this as much as they want or they could force people to pay in every transaction they made or probably doubling their tax paying your capital gains in bitcoin and at the same time you are paying your regular tax.

I think it has no big effect in the economy, unless we are going to use all those bitcoin and pour it to the economy.

I really do not see why you are so scared of paying tax. This is something that cannot be averted and the governments already know that if this continues, then the possibility of taxing P2P transactions will be hard, but it is still something they cannot do even if they end up with the regulation thing. Highest that will happen is that as long as you are still making use of fiat, then there is just nothing you can do than to pay tax as that is considered as capital gains.

[gunungkembar]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

bitcoin being the country's currency and having regulation? it seems this is not really in need because bitcoin is a digital currency that is not entitled to be controlled by anyone so there is no need for regulation seems.

[GregH37]

based on their research, regulators realize that what is needed is not the strict regulation that governs Bitcoin, but rather the dissemination of Bitcoin-related education in a larger degree.

Bitcoin cannot be regulated as a whole as it is not in anybody control. What a government and other financial institutions can control is the things like they can put tax on cashing out bitcoins in local exchanges. Regulate the exchanges who want to deal with bitcoin to Fiat conversions etc.
Other than this it is not possible to control the existence and transactions of bitcoins.

If bitcoin is regulated, then it is very good both for bitcoin and the state. A time will come when this will happen because now it is a need of the states.

Bitcoin is the best and it deserve to be regulated and if governments are afraid of their economy so yes tax can also be imposed on the cashing out of bitcoin and beside the stabilizing of people, then it can also greatly stabilize the governments of many states, which is a very positive step.

[vegethegreat]

The reason why bitcoin embrace by people because anyone regarless of their status in society will able to earn in bitcoin in just easy way. If government will regulate bitcoin, we will expect then that they will impose tax.It will be very difficult to ordinary people to invest in bitcoin by that time.

[upsidedown75]

based on their research, regulators realize that what is needed is not the strict regulation that governs Bitcoin, but rather the dissemination of Bitcoin-related education in a larger degree.

Bitcoin cannot be regulated as a whole as it is not in anybody control. What a government and other financial institutions can control is the things like they can put tax on cashing out bitcoins in local exchanges. Regulate the exchanges who want to deal with bitcoin to Fiat conversions etc.
Other than this it is not possible to control the existence and transactions of bitcoins.

Yeah, bitcoin itself is already a tough match for the government and the exchanges are the only thing that the government of any country can really lay any hold on right now as that is the only easy way that the whole idea of using bitcoin may be used by fraudulent dudes to siphon money maybe from the country into their wallets. Nevertheless, that still will not stop bitcoin from being widely used in the long run anyway.

The fact is that bitcoin in itself cannot even be regulated, the only thing that can be regulated is the activities surrounding bitcoin and that can only be done via exchanges, for now, it is even something some government are already planning to start doing, knowing that there is just no way bitcoin can be stopped or controlled and the earlier the better for them.

[Ethinkin9]

Regulation Bitcoin is very necessary like People should know how to invest the Crypto Market, i mean it is more important to regulate the Altcoin market because lots of newbies coming they should invest safely, bad projects are stealing money and will hurt the entire blockchain.

[william8829]

The fact is that bitcoin in itself cannot even be regulated,

It is a definite possibility that the Bitcoin network could be regulated.  Today there are currently 11934 running in the entire world.  If a government agency and or company wanted to they could easily run their own nodes and control the ledger. 

A common gaming phrase  is play vs pay to win.  If Bitcoin was a game it would be the former.  Can you imagine the type of mining operations a first world country could produce and if they needed more money the Central Banks could just make it. 

Propaganda could be used to force change to the Bitcoin protocol and allow easier tracking of funds.

Espionage would not be out of the range of possibility.  Agents could be planted inside Bitcoin Core.
   
https://bitnodes.earn.com/

[achikomimi]

Bitcoin cannot be regulated because no one owns them, so no one can control them. But government can regulate crypto world by creating a law/s in using cryptocurrencies. If the government declares a regulation regarding the use of Bitcoin, then that way it can control Bitcoin indirectly.

[Alalex]

Arranging bitcoin, we do have to save money to keep finances stable ..

Bitcoin itself has become a place where we are waiting for a great gift.

And around the world what can be done by bitcoin active members should be able to adjust the bitcoin rotation from time to time, let me not lose the bitcoin that has bothered to get it.

Time-consuming in order to manage large expenditures and not too extravagant with luxury goods.

If possible you should also save some money that is not important to spend.

We certainly can to manage this bitcoin finance.

[anjho.ace]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

this is not possible, if all the country have engage on this it will have the fix amount then , though it will a big question! wiill a FIAT on any country will have the same amount as others too and will remain constant ?

[reymartH]

Regulators all over the world have begun to address the challenges presented by virtual currencies that bypass regulated banks, financial firms exchanges. Some other county also ban using bitcoin as they believed that bitcoin holds more disadvantages that its worth.

[eaLiTy]

Regulators all over the world have begun to address the challenges presented by virtual currencies that bypass regulated banks, financial firms exchanges. Some other county also ban using bitcoin as they believed that bitcoin holds more disadvantages that its worth.

If you take the over all concept ,then people who lost a fortune or any amount of money in the market crash during the last recession will understand what a new market like bitcoin will offer,the banks and the central authorities might not like the concept as investors money will be flowing to a decentralized market and they cannot control the money and for this simple reason they could make things harder.

[ElvenRaider]

actually, i'm agree to regulate bicoin use in daily life, but i can not agree with government control
regulation is good to protect citizen, but control is bad for it
this blockchain is invented to avoid this monopoly and central control

Regulators all over the world have begun to address the challenges presented by virtual currencies that bypass regulated banks, financial firms exchanges. Some other county also ban using bitcoin as they believed that bitcoin holds more disadvantages that its worth.

If you take the over all concept ,then people who lost a fortune or any amount of money in the market crash during the last recession will understand what a new market like bitcoin will offer,the banks and the central authorities might not like the concept as investors money will be flowing to a decentralized market and they cannot control the money and for this simple reason they could make things harder.

but some country already regulated it

[AVAMONEY]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

I read from online article Philippine Central Bank may Decide to Regulate Bitcoin After all. 'Around a dozen exchanges are applying for approval, which is a good sign.' source http://www.newsbtc.com/2017/12/21/philippine-central-bank-may-decide-regulate-bitcoin
A possible regulatory framework is to set about trading for online shop, trading in exchanges, limit transaction deposit.

[Marrionbitcoin]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

There's a possibity that Bitcoin will be regulated. Government must implement some rules and regulations to Bitcoin that help the investors to secure and protect their invested capital. Since Bitcoin helps many people and can make our nations to have better and strong economy. I know implementing such regulations will take time and need more studies for executions. However, aside from the protection and security there might have additional fees or charges for the Government to regulate the Bitcoin and other cryptocurrencies trading. But that would be ok because we know our invested capital is safe.

[farwellbit]

I think the government will benefit a lot if the regulation on bitcoin transactions is enforced, but for now I think the government has not been able to create it even in some bitcoin countries began to be blocked as it threatens the country's economic stability.

No, it's not like that. It's going to be a hell to us bitcoin users if the government is going to regulate bitcoin. they could tax this as much as they want or they could force people to pay in every transaction they made or probably doubling their tax paying your capital gains in bitcoin and at the same time you are paying your regular tax

I support this stance. Governments don't necessarily need to outright ban bitcoin. They could just regulate or tax it to death making it prohibitively expensive and risky to use for almost anyone. If the whole world of governments declares a crusade against bitcoin, we will have hard times. Cryptocurrencies won't go away, but if they are universally outlawed around the world, this will be a dead end for us. Prices will crash.

Regularization is good for both, the government and the people because those who do not believer in bitcoin and they think it is a scam or bubble which can be burst anytime will start believing in bitcoin, because when there is government involve the trust will be built automatically.

Then the price and value of bitcoin will grow more than that of the present. I will warmly welcome this stance if the governments of all the countries announce bitcoin as their legal and regular currency.

[Twinscoin2017]

I think the government will benefit a lot if the regulation on bitcoin transactions is enforced, but for now I think the government has not been able to create it even in some bitcoin countries began to be blocked as it threatens the country's economic stability.

No, it's not like that. It's going to be a hell to us bitcoin users if the government is going to regulate bitcoin. they could tax this as much as they want or they could force people to pay in every transaction they made or probably doubling their tax paying your capital gains in bitcoin and at the same time you are paying your regular tax

I support this stance. Governments don't necessarily need to outright ban bitcoin. They could just regulate or tax it to death making it prohibitively expensive and risky to use for almost anyone. If the whole world of governments declares a crusade against bitcoin, we will have hard times. Cryptocurrencies won't go away, but if they are universally outlawed around the world, this will be a dead end for us. Prices will crash.

Regularization is good for both, the government and the people because those who do not believer in bitcoin and they think it is a scam or bubble which can be burst anytime will start believing in bitcoin, because when there is government involve the trust will be built automatically.

Then the price and value of bitcoin will grow more than that of the present. I will warmly welcome this stance if the governments of all the countries announce bitcoin as their legal and regular currency.

Well i dont agree on that if bitcoin will be regulated by the government it can really be taxable and it can really have a corresponding amount which lead to bitcoin world going down like crazy because the excitement of the unstable  price and its value will change and yhere is no more investors will be going to invest a big amount because it is really bored and it can be  corrupt by goverment.

[screwUdriver]

I think the government will benefit a lot if the regulation on bitcoin transactions is enforced, but for now I think the government has not been able to create it even in some bitcoin countries began to be blocked as it threatens the country's economic stability.

No, it's not like that. It's going to be a hell to us bitcoin users if the government is going to regulate bitcoin. they could tax this as much as they want or they could force people to pay in every transaction they made or probably doubling their tax paying your capital gains in bitcoin and at the same time you are paying your regular tax

I support this stance. Governments don't necessarily need to outright ban bitcoin. They could just regulate or tax it to death making it prohibitively expensive and risky to use for almost anyone. If the whole world of governments declares a crusade against bitcoin, we will have hard times. Cryptocurrencies won't go away, but if they are universally outlawed around the world, this will be a dead end for us. Prices will crash.

Regularization is good for both, the government and the people because those who do not believer in bitcoin and they think it is a scam or bubble which can be burst anytime will start believing in bitcoin, because when there is government involve the trust will be built automatically.

Then the price and value of bitcoin will grow more than that of the present. I will warmly welcome this stance if the governments of all the countries announce bitcoin as their legal and regular currency.

Enhanced interest in the bitcoin as a means of payment and related transactions has brought the attention of law enforcement, regulators and tax authorities from almost all countries. The reaction in the various countries is ambiguous - from imposing a ban  or recognition as a legal tender.

[BingoDog]

I beleive that at some point bitcoin will be regulated in almost every country in the world. The increasing mumber of users, acceptance by businesses and impact that is having is demanding that.
Opposite to some I think that regulation doesn't have to be bad for bitcoin and regulation doesn't have to mean ban or taxation but it also can help bitcoin to be full implemented into society and finances and make boundaries between use and misuse.
I think EU will soon bring some directive that will regulate all cryptocurrencies.

[Jeepney_koh]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

If the government of the many people who use Bitcoin will create a law on how to regulate Bitcoin, then it would be possible. But, to control Bitcoin, they can't unless they will pass a law to ban bitcoin in all internet websites.

[tee-rex]

I beleive that at some point bitcoin will be regulated in almost every country in the world. The increasing mumber of users, acceptance by businesses and impact that is having is demanding that.
Opposite to some I think that regulation doesn't have to be bad for bitcoin and regulation doesn't have to mean ban or taxation but it also can help bitcoin to be full implemented into society and finances and make boundaries between use and misuse.
I think EU will soon bring some directive that will regulate all cryptocurrencies.

I'm not quite sure that regulation would be good for bitcoin. My main concern is that people will be forced or tempted to disobey the rules once they are established due to bitcon's nature which opposes any regulation. I mean to say that when people can, for example, evade taxes, and bitcoin grants them this opportunity, they will definitely try to pull it off. And taxes may not be the only or primary concern of governments as soon as people start to massively violate these regulations whatever they might be.

[Sorliand]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

yes we now see CME start to make some  regulatory framework around Bitcoin. one of main reasons that make bitcoin great is unsuitability and big version.

for all bitcoin network NO

[Brunus Januensis]

The strenght of crypto lies just in the fact that there is no regulating central authority.

[altcointalk14]

I beleive that at some point bitcoin will be regulated in almost every country in the world. The increasing mumber of users, acceptance by businesses and impact that is having is demanding that.
Opposite to some I think that regulation doesn't have to be bad for bitcoin and regulation doesn't have to mean ban or taxation but it also can help bitcoin to be full implemented into society and finances and make boundaries between use and misuse.
I think EU will soon bring some directive that will regulate all cryptocurrencies.

regulators are trying to cope with the fundamental changes in the structure of the financial and banking market. Central banks, on the other hand, strive to change their policies in such a way as to maintain control and regulate incoming technologies more and more rapidly.

[rancidgash]

I think the government will benefit a lot if the regulation on bitcoin transactions is enforced, but for now I think the government has not been able to create it even in some bitcoin countries began to be blocked as it threatens the country's economic stability.

No, it's not like that. It's going to be a hell to us bitcoin users if the government is going to regulate bitcoin. they could tax this as much as they want or they could force people to pay in every transaction they made or probably doubling their tax paying your capital gains in bitcoin and at the same time you are paying your regular tax

I support this stance. Governments don't necessarily need to outright ban bitcoin. They could just regulate or tax it to death making it prohibitively expensive and risky to use for almost anyone. If the whole world of governments declares a crusade against bitcoin, we will have hard times. Cryptocurrencies won't go away, but if they are universally outlawed around the world, this will be a dead end for us. Prices will crash.

Regularization is good for both, the government and the people because those who do not believer in bitcoin and they think it is a scam or bubble which can be burst anytime will start believing in bitcoin, because when there is government involve the trust will be built automatically.

Then the price and value of bitcoin will grow more than that of the present. I will warmly welcome this stance if the governments of all the countries announce bitcoin as their legal and regular currency.

In fact, traditional centralized organizations like banks, governments, regulators, and technology giants spend billions to find out how to use and control these technologies

[Kevin77]

I don't think its a possibility. Bitcoin is famous coz it doesnt have any regualtion.

Bitcoin is being regulated in a lot of developed countries right now and that has not stopped it from being famous. Trust me; this is not something we can all run away from as long as we are going to be making use of fiat anyway.
I am not the type that really likes the regulations of government but there are just some things that are just bound to happen to let peace reign. How do you think the government will survive without tax ?

[Vikingr]

actually, i'm agree to regulate bicoin use in daily life, but i can not agree with government control
regulation is good to protect citizen, but control is bad for it
this blockchain is invented to avoid this monopoly and central control

Regulators all over the world have begun to address the challenges presented by virtual currencies that bypass regulated banks, financial firms exchanges. Some other county also ban using bitcoin as they believed that bitcoin holds more disadvantages that its worth.

If you take the over all concept ,then people who lost a fortune or any amount of money in the market crash during the last recession will understand what a new market like bitcoin will offer,the banks and the central authorities might not like the concept as investors money will be flowing to a decentralized market and they cannot control the money and for this simple reason they could make things harder.

but some country already regulated it

Yeah, some countries are already regular Bitcoin. The step they legalize Bitcoin as payment tool is the great achievement of Bitcoin. The Bitcoin is very fast in transaction and it involves no banks or fees or taxes during the payment through Bitcoin. This will gives best rates to the seller and buyer too. The economy of that country will also be grown by the price of Bitcoin is increasing. The crypto currency like bitcoin rules over the paper money in a near future.

[luckybegum3907]

Bitcoin is very high, the only way to find out the owner of any transaction is detecting the IP address but it'll not work if the user has a good VPN software. It will be losing one of its most important and key feature "decentralization". People use bitcoin because they have full control over their funds. But if the government starts to regulate bitcoin, banks loose power and countries lose the huge control they have into banks and people. It is because of the reason that it will help more people in having an idea about what bitcoin actually is. In addition to this, it will also help the number of people to come and invest in bitcoin. There is no way that we can spread awareness about bitcoin amongst the people if we will not regulate bitcoin.

[South Park]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

Politicians are already working on it, but it is difficult, they cannot force people to comply with their rules after all bitcoin is completely independent from them and this is the problem they are facing, right no exchanges are a place where they can try to regulate users, but once decentralized exchanges become a reality and you can buy stuff directly with bitcoin then their regulations will mean nothing.

[Rubble898zaitO]

Well for me, if we really want Bitcoin to be leagalized to a lot of countries, then yes we have to agree that there should be should be some regulations inplace for it. I understand that Bitcoin is decentralized financial innovation but for it to be legalized we have to take the regulations as compromise, again regulations not control over Bitcoin.

[akram143]

Well for me, if we really want Bitcoin to be leagalized to a lot of countries, then yes we have to agree that there should be should be some regulations inplace for it. I understand that Bitcoin is decentralized financial innovation but for it to be legalized we have to take the regulations as compromise, again regulations not control over Bitcoin.

Yes if bitcoin will legalized in all countries most of the problem will solve very easily with the help of the government but it will long time to work so bitcoin will need to meet many problems to come to win in this field .

[Feuerbach]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

I am an opponent of the regulation of the cryptocurrency. This will lead to taxation, control ... That is, it is not in the interests of users of cryptocurrency

[Loveydovey04]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

It is already happening right now and i think these tight regulations are one of the reasons why bitcoin price has declined so dramatically lately. But it is little by little gaining its balance now. Hoping for bitcoin full recovery soon.

[Haterstestbtc]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

It is already happening right now and i think these tight regulations are one of the reasons why bitcoin price has declined so dramatically lately. But it is little by little gaining its balance now. Hoping for bitcoin full recovery soon.

Well, possibility is a yes it can be happen soon if the government have its regulation that connect to the digital currency world to be legal. On behalf of the government policy i think the number reason why they don't accept cryptocurrency now a days are because of volatility that affect in the economic structure. If things can solve it would be much better that regulation is come true. It will be the government makes a move over digital currency for the better of people in nation.

[Altero]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

I am an opponent of the regulation of the cryptocurrency. This will lead to taxation, control ... That is, it is not in the interests of users of cryptocurrency

Actually, all of us don't want to pay taxes because it only lessen our income from here. But we think also that, with this thing we can help our community to improved, knowing that governments projects are coming from taxes that they collected from the people. I don't make it as a big deal, unless we have abuse by the authorities. But sadly, regulations might bring crypto from being centralized market as we are being controlled by the government which definitely affect the price.

[8Habits]

bitcoin was designed not to be regulated by any government entity.

[mrcash02]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

I am an opponent of the regulation of the cryptocurrency. This will lead to taxation, control ... That is, it is not in the interests of users of cryptocurrency

Actually, all of us don't want to pay taxes because it only lessen our income from here. But we think also that, with this thing we can help our community to improved, knowing that governments projects are coming from taxes that they collected from the people. I don't make it as a big deal, unless we have abuse by the authorities. But sadly, regulations might bring crypto from being centralized market as we are being controlled by the government which definitely affect the price.

I believe it's not just because we don't want to pay taxes, but because it's not a fair deal for both sides (enthusiasts and government). It's total advantage only for one side and we don't have control about how the government will use the taxes they collect from Crypto-Currency. As money here is made fast and in big proportions, depending the trader, the government can make huge money over the traders.

And then they will feel like in heaven, with so much money to manage. So it won't hurt to create a new ministry here, maybe two or three new ministries... Wow, but there is so much money yet, maybe we can give a new assistant for each congressman... Maybe an increasement on public employees wage too... And so on. All being financed by traders and Crypto enthusiasts efforts.

Abuse will not happen only if the country is very civilized and where the population is really engaged on what is happening on the political sphere all the time.

[mornabo]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

Politicians are already working on it, but it is difficult, they cannot force people to comply with their rules after all bitcoin is completely independent from them and this is the problem they are facing, right no exchanges are a place where they can try to regulate users, but once decentralized exchanges become a reality and you can buy stuff directly with bitcoin then their regulations will mean nothing.

Yeah actually the government has sought for it, but the government realizes that they do not have any power giving rules on bitcoin users. you know that bitcoin users are anonymous, how to apply rules on them? but on the other hand the government has the power to ban bitcoin so that no parties (companies, shops, merchants) dare to accept bitcoin? that's a bad effect for bitcoin

[viavalenttt]

Deficiency of regulation of government with bitcoin is making their security easy to break. Well although a great deal of senior users here are incredibly much knowledgeable in securing their bitcoins, most of new users - with this problem won't have an assurance that my bitcoin is safe. I'm just storing it on an online finances because my bitcoin personal savings is not that big. Nevertheless , I'm not sure that when my bank account got hacked, I can still process to create a run for it or like file a complaint. In the event the government is controlling/regulating bitcoin, there will be protocols that will be adopted in every transaction, and they can trace any illegitimate doings. However, they can get a significant amount of money from bitcoin, well I just hope that if that time will happen, they may use the money for the individuals of the govt.

[Zaibraid]

that is not the main problem. if seriously the government has already made the regulatory framework for bitcoin. the main problem is that the government will control bitcoin

[jonaire99]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

Even bitcoin is decentralized, governments around the world are continuously finding ways on how to effectively regulate it. Their first step is imposing a regulation on every cryptocurrency exchangers and ICOs. The regulation framework is designed to prevent bitcoin from falling into the hands of any person or group that involved in any kinds of illegal activities.

[South Park]

Well for me, if we really want Bitcoin to be leagalized to a lot of countries, then yes we have to agree that there should be should be some regulations inplace for it. I understand that Bitcoin is decentralized financial innovation but for it to be legalized we have to take the regulations as compromise, again regulations not control over Bitcoin.

But it is not going to be that easy, most people never comply unless they are afraid of the consequences of not doing so, and I'm not so sure regulation will be enough they will need to create laws regarding not paying your taxes of your crypto earnings but in order to get people afraid enough the laws will need to be very harsh, so harsh in my opinion that the regulation will be very similar to a ban.

[ssuchy]

Well for me, if we really want Bitcoin to be leagalized to a lot of countries, then yes we have to agree that there should be should be some regulations inplace for it. I understand that Bitcoin is decentralized financial innovation but for it to be legalized we have to take the regulations as compromise, again regulations not control over Bitcoin.

But it is not going to be that easy, most people never comply unless they are afraid of the consequences of not doing so, and I'm not so sure regulation will be enough they will need to create laws regarding not paying your taxes of your crypto earnings but in order to get people afraid enough the laws will need to be very harsh, so harsh in my opinion that the regulation will be very similar to a ban.

in order to make a ban, even with respect to Bitcoin, you need first its legitimacy. but apparently not all countries are concerned and the crypto currency will still operate on the glossy global market. Let the black market, too.

[badykvik]

If anybody in this forum had less assurance about Bitcoin and it's futuristic effect, I don't think it is a crime if he can just forfeit its holdings in it and exit from this forum. Either any Government in any economy gave any form of Regulation, support and whatever or not, Bitcoin with its decentralization flourishing on configured Block chain shall still gain ground, even in such economy, because more and more people are getting to know day in and out about Bitcoin and it's economic prospects effect as trusted on line Digital currency on its own and secured independency.

[8Habits]

Well for me, if we really want Bitcoin to be leagalized to a lot of countries, then yes we have to agree that there should be should be some regulations inplace for it. I understand that Bitcoin is decentralized financial innovation but for it to be legalized we have to take the regulations as compromise, again regulations not control over Bitcoin.

You have a point that it is one of the compromises to make it legitimate to any country but I think that is really not the aim of bitcoin (to get some legitimacy from any government) - bitcoin is a revolutionary financial invention aimed at not being monitored and controlled by any third party financial institutions like banks and yeah like government as well.

[Elsie123]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

The lack of regulation of government with bitcoin is making its security easy to breach. Well although a lot of senior users here are very much knowledgeable in securing their bitcoins, a majority of new users - like me doesn't have an assurance that my bitcoin is safe. I'm just storing it on an online wallet because my bitcoin savings is not that big.

[cahbagus555]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

For some country, cryptocurrency trade have regulation. Goverment should be regulating bitcoin trade because many people now using bitcoin as their investment and with regulating bitcoin, goverment have income from taxes

[Sled]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

For some country, cryptocurrency trade have regulation. Goverment should be regulating bitcoin trade because many people now using bitcoin as their investment and with regulating bitcoin, goverment have income from taxes

With the regulation, the government can make sure that the cryptocurrencies will not exceed to its limitations and it will make sure that it is still on the safe zone and not risking the people too much. Regulation is a must and just like the other countries we should apply regulation also in bitcoin so we can really say that it is safe and not a very risky thing to try.

[cahbagus555]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

For some country, cryptocurrency trade have regulation. Goverment should be regulating bitcoin trade because many people now using bitcoin as their investment and with regulating bitcoin, goverment have income from taxes

With the regulation, the government can make sure that the cryptocurrencies will not exceed to its limitations and it will make sure that it is still on the safe zone and not risking the people too much. Regulation is a must and just like the other countries we should apply regulation also in bitcoin so we can really say that it is safe and not a very risky thing to try.

Regulation on cryptocurrency trading is needed. It will avoid from money laundring, beside that its goverment obligation to protect their citizen investment. With regulation, it will create good market condition and investor will more confident investing their money

[mung_nasib]

Yes indeed with this bitcoin certainly requires a very important regulation for a country so one does not become hesitant when going to invest in bitcoin and able to generate profit in the future.

[jaocoincrypto18]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

I am an opponent of the regulation of the cryptocurrency. This will lead to taxation, control ... That is, it is not in the interests of users of cryptocurrency

If you are against the regulation then you will going to allow Bitcoin to be use in illegal activities like money laundering and you will allow some ICO that are scams to freely roaming and freely to attract investors to join their false projects then steal your hard earned money. You must think wisely on which you will prepare? regulated in which the government will benefit of taxation to help to improve the economy or not regulated but Bitcoin might ruin your country because it was illegally used by bad people?

[target]

At this point however regulations can depreciate bitcoin  and crypto prices as its whatmkst of the people are trying to avoid. Its normal for us to protect our wealth which is why bitcoin holders are lay away when regulations is coming, in fact whenever there are news about it, bitcoin sinks fast.

But when its finally done, I think there will be lesser investor but are confident about it as its like holding gold.

[Harrisonimo]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

I will really appreciate this if proper regulations is being placed on the Bitcoin and the Cryptocurrency world as a whole. Well, I think the Bitcoin is self regulating at the moment and the altcoins are suffering at the moment too. But if proper regulatory bodies are being setup for the purpose of sanitizing the Cryptocurrency world, I believe it will be better and also increase influx of more persons into the Cryptocurrency world/market.

[iMark]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

For some country, cryptocurrency trade have regulation. Goverment should be regulating bitcoin trade because many people now using bitcoin as their investment and with regulating bitcoin, goverment have income from taxes

With the regulation, the government can make sure that the cryptocurrencies will not exceed to its limitations and it will make sure that it is still on the safe zone and not risking the people too much. Regulation is a must and just like the other countries we should apply regulation also in bitcoin so we can really say that it is safe and not a very risky thing to try.

I think some governments in the world are thinking about how to implement regulation for bitcoin so that it could benefit the government as well. certainly by taxing bitcoin users and how bitcoin is not used for financial crime. because that makes the government has not given the rules and regulations untul now because they are still afraid of the bad influence because of the anonymous nature of bitcoin

[nelmari]

Yes it has been criticized a lot but with regulation, I don’t think some people would want to be regulated because if it will be ran by the governement, eventually it will be controlled by them and that’s what some are trying to stay away from.

[BTCeminjas]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

For some country, cryptocurrency trade have regulation. Goverment should be regulating bitcoin trade because many people now using bitcoin as their investment and with regulating bitcoin, goverment have income from taxes

With the regulation, the government can make sure that the cryptocurrencies will not exceed to its limitations and it will make sure that it is still on the safe zone and not risking the people too much. Regulation is a must and just like the other countries we should apply regulation also in bitcoin so we can really say that it is safe and not a very risky thing to try.

I think some governments in the world are thinking about how to implement regulation for bitcoin so that it could benefit the government as well. certainly by taxing bitcoin users and how bitcoin is not used for financial crime. because that makes the government has not given the rules and regulations untul now because they are still afraid of the bad influence because of the anonymous nature of bitcoin

They are afraid that maybe bitcoin can use in illegal activities such buying prohibited weapons or those prohibited drugs, that's some country banning bitcoin because they have nothing to do with bitcoin they can't regulate due to decentralized bitcoin technology. One factor also they refuse and ban bitcoin since they can't regulate because they think in the near future that bitcoin may the next step of all Banks or eliminate Banking system and bitcoin was their big competitors.

[maydna]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

For some country, cryptocurrency trade have regulation. Goverment should be regulating bitcoin trade because many people now using bitcoin as their investment and with regulating bitcoin, goverment have income from taxes

With the regulation, the government can make sure that the cryptocurrencies will not exceed to its limitations and it will make sure that it is still on the safe zone and not risking the people too much. Regulation is a must and just like the other countries we should apply regulation also in bitcoin so we can really say that it is safe and not a very risky thing to try.

Regulation on cryptocurrency trading is needed. It will avoid from money laundring, beside that its goverment obligation to protect their citizen investment. With regulation, it will create good market condition and investor will more confident investing their money

although with regulation it will make cryptocurrency become legal, I wonder how it looks like and I think the government will apply a new tax for people which getting involve in cryptocurrency because they know that people like us will have much money so they need to take a fee to us. but I don't think that it will avoid money laundering but maybe it will reduce money laundering. and I agree that with regulation, trader and investor and every people will be safe when they want to invest their money in the cryptocurrency.

[Pumapipa]

There should really be a regulatory body who will be responsible for the protection of those with interest in the cryptocurrency even the protection of investors. I suggest that they continue to do measures to screen ico and also regulate the funding proceeds to prevent funds being connected to terrorism.

[RedzoneASE]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

Yes It could be a good idea and will help bitcoin grow more but the biggest problem is when the goverment will join into the regulation process. It is hard to tell if when will the government take action and take part of btc regulation. However it could take time to make some regulation in btc.

[btc.xbt.btc]

Well the first challenge is that bitcoin is decentralised whilst regulation has to be tied to a jurisdiction, making it therefore only local. Overall I think if we want bitcoin to grow and be fully integrated in society regulation will be necessary.

[Sled]

There should really be a regulatory body who will be responsible for the protection of those with interest in the cryptocurrency even the protection of investors. I suggest that they continue to do measures to screen ico and also regulate the funding proceeds to prevent funds being connected to terrorism.

That is a good point. We all know that the cryptocurrencies are more in favor of anonymity and we should be really paying attention to that because if we will have regulation then there is no need to worry any bad things to happen because it can be easily controlled since the regulation is there and the only thing that we need to make sure if the regulation is strong enough to handle circumstances.

[Rajamuda]

Basically it's very feasible in regulation, but however.. the negative sides/weakness of bitcoin into a high consideration for it, still many in some countries that still direct it will disturb the country's financial system because the price is never stable/fluctuating. But I believe.. as time passes, bitcoin will be increasingly responded well by the most of countries, the regulation on bitcoin will increasing if bitcoin actually gives more positive and useful sides.

[8Habits]

There should really be a regulatory body who will be responsible for the protection of those with interest in the cryptocurrency even the protection of investors. I suggest that they continue to do measures to screen ico and also regulate the funding proceeds to prevent funds being connected to terrorism.

This is good points but as to these limits only though and not really necessary go further than regulating your bitcoin in general like they monitor and take a sort of control to your coins because it defeats the purpose of financial independence and revolution where bitcoin realized this financial breakthrough.

[BTC-BTC-BTC]

It's a good idea to have some regulation on bitcoin to make sure it can speed up adopting in the real world usages. Bitcoin is just another option for the people don't want to use a bank to transfer asset.

[pou3197074235]

The south Korean government has held a multi-sectoral joint emergency meeting to decide on measures to curb speculation and criminal activity in the virtual currency market. The meeting decided that minors should be banned from opening accounts and trading virtual currencies, and financial institutions would be prohibited from holding, buying virtual currencies or investing in virtual currencies. When making bank transfer business related to virtual currency investment, I am required to confirm.

The south Korean government also plans to promote legislation to protect investors and increase transparency in virtual currency transactions. To explore the relevant safety supervision measures for the establishment of virtual currency exchanges, including the requirement that exchanges curb money laundering activities and report all suspicious transactions; To clearly define the illegal activities related to the financing of coinage (ICO) and to severely punish the illegal ACTS.

I think not only South Korea, but more countries will start to regulate cryptocurrency.

[tee-rex]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

I am an opponent of the regulation of the cryptocurrency. This will lead to taxation, control ... That is, it is not in the interests of users of cryptocurrency

If you are against the regulation then you will going to allow Bitcoin to be use in illegal activities like money laundering and you will allow some ICO that are scams to freely roaming and freely to attract investors to join their false projects then steal your hard earned money. You must think wisely on which you will prepare? regulated in which the government will benefit of taxation to help to improve the economy or not regulated but Bitcoin might ruin your country because it was illegally used by bad people?

Do you really think that regulation, however strict or even severe, will prevent Bitcoin as well as other cryptocurrencies from being used in illegal activities provided there are any in the first place? Ultimately, this use is determined by the advantages crypto offers for these operations and not limited by how much it is regulated. Fiat is regulated up to the hilt anyway, but did that shut down illegal activities involving fiat money? I guess the answer should be the affirmative 'no'.

[Alalex]

I think it is not necessary, just walk like this alone we are still in trouble. Naturally, bitcoin is much in demand by all cripto money lovers because it is very useful and practical, and a place of opportunity to start investing with cripto money that currently costs cripto money to match financial needs.

So this is why bitcoin is in great demand .. All are looking for jobs to earn profits by investing cripto currency.

But it would be better if there are developments with cripto money which, it would be easier to start investing with cripto money, and coupled with the facility to exchange this cripto money so that we can send and receive quickly without having to go through the stages of exchange.

[gledek]

Could be, because the government assumes free and risky market crypto crypt. the government is concerned to make regulations about these bitcoin fears being misused by its users.

[winterland]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

The real problem is not regulation, that may seem like it is the problem since we are lacking it but the real problem is how that governments are going to enforce those regulations, bitcoin is something that is completely outside of their control and unless you convert your money to fiat then they have no way to know how much cryptocurrencies you are holding.

[8Habits]

Regulating bitcoin can not be over emphasize, because regulate bitcoin will bring confident to public or investor, regulate bitcoin will also reduce crime  that associate with bitcoin as a whole, which would prevent frauds star from penetrate to the system.

I am not sure, maybe regulating something but not regulating the whole bitcoin processes as it really defeats the purpose of being revolutionary that take away third-party banks and government from interferring on your finances. This is one of the reasons why people invests to bitcoin.

[Menawi12]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

I think its hard to regulate bitcoin, what government can do is regulate bitcoin trade. Only bitcoin trade can be regulate because bitcoin it self using decentralized system and its hard to regulate bitcoin

[deppil]

Regulating bitcoin can not be over emphasize, because regulate bitcoin will bring confident to public or investor, regulate bitcoin will also reduce crime  that associate with bitcoin as a whole, which would prevent frauds star from penetrate to the system.

I am not sure, maybe regulating something but not regulating the whole bitcoin processes as it really defeats the purpose of being revolutionary that take away third-party banks and government from interferring on your finances. This is one of the reasons why people invests to bitcoin.

I myself still confused with the regulation that may be applied to bitcoin? of course the government wants control of bitcoin so it can monitor their community activities in bitcoin transactions. while they have not found the way? yeah of course it will help bitcoin certainly, there will be many parties who then believe more towards bitcoin. but of course there is a negative effect, from some users who want decentralization on bitcoin?

[jpoker272727]

In addition to the general rules in using Bitcoin, I think other rules are not necessary. Because Bitcoin needs freedom and decentralization, it makes people love Bitcoin more than any other currency. If more regulations are in place, the rules will make Bitcoin bound and pragmatic as well as controlled by the government. I really do not like this

The freedom is already there mate and no one or government will ever take that away. However, you cannot expect converting to fiats or using fiats to buy all the time, and then government would not have any say about that. It is not possible.

Except you want to be dealing with bitcoins without using fiats, no problem, but as long as you are going to be converting your fiats to bitcoin or the other way round, policies will be involved and that is where regulation kicks in which can only be through the exchanges.

[winterland]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

I think its hard to regulate bitcoin, what government can do is regulate bitcoin trade. Only bitcoin trade can be regulate because bitcoin it self using decentralized system and its hard to regulate bitcoin

Even regulating the trading of bitcoin is going to be very difficult, right now governments think they can do it because they can regulate exchanges, but right now there are many decentralized exchanges being produced and if one of them or a few of them are able to become successful then that body of regulation is going to become completely useless.

[LKing]

They can not. Russia banned it at one time, Bitcoin went to an all-time high. China banned it also for a little while, and it went to an all-time high. I cannot wait for America to ban Bitcoin....if it goes to an all-time high after that, it will mean that no one cares what America says....ever. It would spell the death of any respect for the White House, or the federal reserve. Suicide really.

[8Habits]

Regulating bitcoin can not be over emphasize, because regulate bitcoin will bring confident to public or investor, regulate bitcoin will also reduce crime  that associate with bitcoin as a whole, which would prevent frauds star from penetrate to the system.

I am not sure, maybe regulating something but not regulating the whole bitcoin processes as it really defeats the purpose of being revolutionary that take away third-party banks and government from interferring on your finances. This is one of the reasons why people invests to bitcoin.

I myself still confused with the regulation that may be applied to bitcoin? of course the government wants control of bitcoin so it can monitor their community activities in bitcoin transactions. while they have not found the way? yeah of course it will help bitcoin certainly, there will be many parties who then believe more towards bitcoin. but of course there is a negative effect, from some users who want decentralization on bitcoin?

For me, regulating the whole of bitcoin is just really not a good idea, period. However, there will still be a number of people, especially the new would be investors who would love the idea of regulation to at least lessen their risks by knowing that the government have it controlled and therefore government recognizes the investment.

[Breackup]

Well for me, if we really want Bitcoin to be leagalized to a lot of countries, then yes we have to agree that there should be should be some regulations inplace for it. I understand that Bitcoin is decentralized financial innovation but for it to be legalized we have to take the regulations as compromise, again regulations not control over Bitcoin.

I think there is a need for Bitcoin's system. Currently Bitcoin's price is low. Many people are spreading false information without knowing about Bitcoin. People will have to refrain from these. We have to protect our resources by taking care of these aspects of Bitcoin users. Believing in Bitcoin, positive thinking should be done. We have to be careful about Bitcoin.

[websoftwareengineer]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

Actually those governments just like to place a tax on cryptocurrency because there are a lot of people today who are earning a huge amount of profit and governments cannot take any taxes from them so they want to add more regulations.

[Loveydovey04]

In one hand bitcoin is decentralized so it is not much expected for more regulations but risks and fear in investors part are also there, on the other hand regulations will mean more security for investors and more trust for incoming investors which is also good for the community.

[PauloLuks]

Yes, it is possible. They can make a law that gives investors some security. For example, if the price of bitcoin goes down, the person or institution that sold bitcoins would be required to return the money invested. I think this is the best regulation they could do.

[a7goo]

I think that regulating crypto currencies is almost impossible for governments around the world. They can only "adapt" to all the mechanisms of the crypto. Where we are now ......... it is impossible to go back or cancel ...... only adaptation

[zhea]

It is hard for the government to regulate bitcoin though I think this is for the protection of the investors and to attract more investors. Another purpose of the government is to collect taxes from bitcoiners because government is aware that there is a big earning in here and they can collect higher percentage of revenue. Government maybe in the future can regulate bitcoin but can't control over it because there are big investors don't allow and want that the government will take control over bitcoin.

[_noname_]

The opportunity is now there mate and nobody or government will ever take that away. Nonetheless, you can't anticipate that changing over will fiats or utilizing fiats to purchase constantly, and afterward government would not have any say in regards to that. It isn't conceivable.

But you need to manage bitcoins without utilizing fiats, no issue, however as long as you will be changing over your fiats to bitcoin or the other path round, approaches will be included and that is the place control kicks in which must be through the trades.

[ClackKendi]

The European Union is calling on allies to accept trade in bitcoins and countries that have adopted bitcoin are having policies to manage bitcoins as well as control it and collect taxes on its citizens. owns much bitcoin.

[Ca.ming14]

Yes, I think it is possible, because  Bitcoin has been surging and falling in recent weeks. And it seems mostly to come down to one thing: regulation. Many governments have suggested they could introduce such rules. But it’s still not clear what they’d look like, or how they’d arrive.

[Beabtc11]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

Definitely Yes! I think it is possible to come up with a regulatory framework around bitcoin.  In that case bitcoin can be used at the same rules and it can be easy to introduce to other people. If bitcoin itself was regulated against, users could simply trade it for another cryptocurrency, and then cash that one out instead. With hundreds of cryptocurrencies now in existence and more emerging all the time, it would be nigh on impossible to stop unless all currencies were barred.

As regulation in other industries has shown, sweeping legislation is incredibly complicated to implement and even more difficult to enforce.The effectiveness of any such regulation also assumes the need to cash out. Many people see cryptocurrencies like bitcoin as an evolution of existing currency.

[genset88]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

There is no way to adjust the price of Bitcoin in the market if it comes to adjustment take advantage of the time you have to focus on market research, I think that Bitcoin is the most abundant currency in the market. But it still lags behind many other currencies in the world.

[KorakPawon]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

actually bitcoin rules already exist, but not on the currency but in the wallet, where some wallets to store bitcoin already using KYC, I think that is enough to set bitcoin, where KYC serves as security guard our money on the internet, as long as we do not forget the account and password then our money will remain safe in it.

[JPablo]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

Honestly to regulate bitcoin is to regulate our self on how we should follow the rules and especially to be positive always of what we are going to do to help bitcoin.

[esa2782]

well, regulating bitcoin means government, that's what come to my mind when word regulation come up, of course it is not generally correct but it is not wrong either, because when we say regulation, it will be followed by institution and sanctions, so probably the only adequate institution is the state, so how far and how willing are the government around the globe to finally acknowledge and accept bitcoin as a digital currency and as a technology and taking a real action to let bitcoin become integral in daily basis and keep stand aside as a "guardian" angel, that would be perfect. 

[Sitipxz]

The lack of regulation of government with bitcoin is making its security easy to breach. Well although a lot of senior users here are very much knowledgeable in securing their bitcoins, a majority of new users - like me doesn't have an assurance that my bitcoin is safe. I'm just storing it on an online wallet because my bitcoin savings is not that big. However, I'm not sure that if ever my account got hacked, I can still process to make a run for it or like file a complaint. If the government is controlling/regulating bitcoin, there will be protocols that will be followed in every transaction, and they can trace any illegal doings. However, they can get a significant amount of money from bitcoin, well I just hope that if that time will happen, they will use the money for the people of the government.

[Seeker#9]

Regulating bitcoin is possible and many governments around the world have been plannng jmpose regulations to prevent the cryptocurrency from falling into the hands of elements that deals with the money laundering, drug trafficking and other illegal activities. This regulation might include cryptocurrency exchanges and they all subject to monitoring by the appropriate government agencies.

[Jazvebtc18]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

Absolutely I agree with you! Bitcoin should have a regulation in order to have a good system. Cryptocurrencies and blockchains are here to stay, so now more than ever it’s important governments get ahead and regulate it correctly.

From the banks point of view, this is understandable. Without tight regulation, they fear the funds could be used by criminals on the dark web or for money laundering. If they are part of that process, they could get fined or shut down. It simply isn’t worth it.That’s why the solution is to regulate the exchanges. If that happens, then the big banks will open their doors, making life easier for exchanges and investors alike. The banks will win from this too, because they can stop customers drifting away to more daring competitors.

[Ngewex Yuk]

I think that regulating crypto currencies is almost impossible for governments around the world. They can only "adapt" to all the mechanisms of the crypto. Where we are now ......... it is impossible to go back or cancel ...... only adaptation

nothing is impossible, if bitcoin users continue to increase then there is no reason for the government not to make regulations, let alone other countries have made regulation and legalize cryptocurrency then this will give a domino affect.

[fluctuations]

I think that regulating crypto currencies is almost impossible for governments around the world. They can only "adapt" to all the mechanisms of the crypto. Where we are now ......... it is impossible to go back or cancel ...... only adaptation

nothing is impossible, if bitcoin users continue to increase then there is no reason for the government not to make regulations, let alone other countries have made regulation and legalize cryptocurrency then this will give a domino affect.

it's correct . Nothing is uncontrollable. If there is a poison, there must be an antidote. In this world there is always balance of yin and yang to survive. Actually, this market I see is not big enough to be able to control and set the rules with it.

[Activitycoin]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

Honestly to regulate bitcoin is to regulate our self on how we should follow the rules and especially to be positive always of what we are going to do to help bitcoin.

Yes we cannot make it regular but at least we can play our role for the regulation of bitcoin.  if we will use bitcoin as much as we can use then I think bitcoin will get more famous and as we know that bitcoin is helping our community to get jobs and bitcoin is allowing us to pay our bills and our renting for house so we should encourage our government to make this unique profit worthy and beneficial currency as legal currency, bitcoin is very strong and people are feeling free to use bitcoin so I think bitcoin will be legal currency very soon.

[Lexurdania]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

Its hard to regulate bitcoin because bitcoin data not in certain country. Regulation maybe on exchanger because government want collecting taxes from crypto trade, but to regulate something like bitcoin is almost impossible because bitcoin doesn't have management and transaction data spread around the world

[Zenixin]

I think it will not happen, may some government will ban the bitcoin in their country but they can't regulate it because there's no operator controlled the running of bitcoin.

it is just due to being decentralized od bitcoin that no one can manipulate it, regulation will be based to a government if they will allow it to be used in the different establishment.

[8Habits]

Yes indeed with this bitcoin certainly requires a very important regulation for a country so one does not become hesitant when going to invest in bitcoin and able to generate profit in the future.

government regulations mean control over bitcoin - I may be ok with some parts of the trading and investing but not full control like deciding some caps as to daily cashout of bitcoins, putting taxes in all of bitcoin transactions, asking for full identity disclosures to the governing regulative body, and the like - because all of these defeats the real purpose of bitcoin being independent, bold, and revolutionary way of handling our own money.

[winterland]

Yes indeed with this bitcoin certainly requires a very important regulation for a country so one does not become hesitant when going to invest in bitcoin and able to generate profit in the future.

government regulations mean control over bitcoin - I may be ok with some parts of the trading and investing but not full control like deciding some caps as to daily cashout of bitcoins, putting taxes in all of bitcoin transactions, asking for full identity disclosures to the governing regulative body, and the like - because all of these defeats the real purpose of bitcoin being independent, bold, and revolutionary way of handling our own money.

As you say it depends on the regulation, it's obvious that some regulation is needed for example to avoid that people are able to create fake exchanges that eventually scam people, so we need some oversight over the market but at the same time we do not want every single thing to be regulated or that has the potential to kill the market of cryptocurrencies

[binhvo1505]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

I agree with you, bitcoin really very lack of regulation. Hackers and fraudsters can take advantage of this lack of bitcoin to cheat people.
The law does not have a responsibility in the Crypto market, so this is a very bad omen of Crypto. I hope in the future the government will impose taxes on Crypto and protect the traders like us.

[themughni]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

I agree to regulate bitcoin but if all control I am not agree. the government only can take taxes with their regulations, especially the transaction in their country.

[jamids]

I think there is still a need for regulation of it not just in bitcoin but in cryptocurrency as a whole because there are too many people who are taking advantage of the situation being unregulated so they can scam other people. In dealing with fiat when it comes to businesses, we are looking for licenses first before we give our money to others to grow and it shouldn't be different with crypto. The more that we should look out for our money because most of the time we don't know who we are dealing with so it is just right that we know we are dealing with a legit company by seeing their license through blockchain as well. I don't know how the other government will do it but Japan did it already.

[omar bakrie]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

It's true that you say and there should have been a set of Bitcoin to make Bitcoin better and countries around the World can legalize Bitcoin. But this is very difficult because there are so many countries that prohibit Bitcoin in his country. So the good name Bitcoin becomes more tarnished.

[Ridwan Fauzi]

I think there is still a need for regulation of it not just in bitcoin but in cryptocurrency as a whole because there are too many people who are taking advantage of the situation being unregulated so they can scam other people. In dealing with fiat when it comes to businesses, we are looking for licenses first before we give our money to others to grow and it shouldn't be different with crypto. The more that we should look out for our money because most of the time we don't know who we are dealing with so it is just right that we know we are dealing with a legit company by seeing their license through blockchain as well. I don't know how the other government will do it but Japan did it already.

I think japan really doesn't did what you mean. The nature of cryptocurrency is not centralized, but cryptocurrency is decentralization of all rights set by the user. If this is really happened or there are regulatory arrangements, cryptocurrency is not decentralized anymore but centralized because there is a regulatory party. We are comfortable with this condition, there is no intermediary that regulates all our investment. But if the government only announces some recognized and registered site exchange or trading place from the government system I strongly agree, because this can reduce fraud against people who want to invest in the world of crypto.

[rambak]

Yes, I realize that Bitcoin has a lot of criticism, of course, criticism is not good about the regulation.
Regulations on Bitcoin may be made in every country and become the rule on which Bitcoin is used in every country.
Meanwhile, the more stringent KYC and appropriate legal tools will be the reason for achieving effective regulation of Bitcoin.

[maydna]

I think soon, many countries want to make a regulation to control bitcoin but I don't think that they can control bitcoin as we know, bitcoin is far from their regulation. maybe they can control the bank account which has a big withdrawal amount and they can investigate if that income is from bitcoin or not and if it's from bitcoin, then maybe they can apply the tax for bitcoin user and I think it's part from their regulations too. if they apply the tax, then the amount of the tax will be different in the country.

[chengyinoing]

It is necessary to regulate bitcoin transactions, improve transparency, strengthen investor education and risk alerts. It is necessary for regulators to take this as a hand to build a complete regulatory mechanism for various digital currencies and promote the healthy development of bitcoin.

[Sakash]

Yes, it is necessary to form a control structure for bitcoin. Nothing can be achieved successfully without control. If bitcoin control is positive then it will be good for everyone. Bitcoin will also bring success to individuals, society, country and the world.

[VZ Chains]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

I don`t think it should be regulated very strictly because blockchain has so many advantages to give to existing businesses, new and more regulations will delay or even stop the evolution of cryptocurrency and blockchain adaption.

[Maslate]

It is necessary to regulate bitcoin transactions, improve transparency, strengthen investor education and risk alerts. It is necessary for regulators to take this as a hand to build a complete regulatory mechanism for various digital currencies and promote the healthy development of bitcoin.

The government possess the power so it they will choose to regulate we do not have any choice but to adopt.
Their actions is surely be for the benefit of all, especially those who are victims of scam, when it's regulated, there will be a massive
dissemination of information to educate people and that will give positive impact to the market in overall.

[Darwinie]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

Maybe, they can formulate regulation exchanging or using if Bitcoin but controlling it i dont think so it'll be hard to controll something you cant barely monitor. That is the main reason why bitcoin is formulated so that no one can interfere or stand as middle man on your transactions.

[Aristus]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

Maybe, they can formulate regulation exchanging or using if Bitcoin but controlling it i dont think so it'll be hard to controll something you cant barely monitor. That is the main reason why bitcoin is formulated so that no one can interfere or stand as middle man on your transactions.

Maybe they can formulate but maybe no. Because if there will be a regulation it could be possible that bitcoin is already invaded by someone, and if someone has already control it then that is the time that bitcoin purpose is dead and failed to execute freely from any authority.

I believe instead of giving regulations, the one that could help is to make a renovation to upgrade anything that needs to be.

[KnightElite]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

Creating regulations about bitcoins are necessary. The governement can easily protect its citizen by implementing different regulations. The users of the bitcoins are also safe if regulations are implemented.

[Carreuh]

If I do not have the right to make a rule about this bitcoin but akali such as moderators or staff working in bitcoin companies maybe they have the right to manage everything related to bitcoin and hear that bitcoin holders or bitcoin miner map will be more controlled in order do not go about doing things about bitcoin and maybe bitcoin would be better.

[Tenderino]

Who has widely criticized crypto currencies for lack of regulation? The users like me surely not. The advantage of crypto currencies is that it is not regulated. Because regulation means that the government has its fingers in the game and also try to take fees and taxes out of the system and from us users. This is exactly what we do not want!

[laracastvue]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

I think that regulations is not required because you are already paying a decent amount of cryptocurrency in every transaction that you want to make so there is no way for bitcoins to become illegal.

[Ann Impas]

Everything can be regulated by the government. They can regulate companies involve in bitcoin or cryptocurrency, KYC and many other way to control it. It's just that once your inside, at least we have to freedom to transact but still in the bounds of the governments regulations. Yes, it can be regulated in certain ways.

[mia khalifa]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

it seems that regulation is not really used because I think bitcoin is a digital currency that does not require government regulation in every country, if government regulation seems to make bitcoin as controlled by the government, while government should not be able to control bitcoin.

[The_Dark_Knight]

I think soon, many countries want to make a regulation to control bitcoin but I don't think that they can control bitcoin as we know, bitcoin is far from their regulation. maybe they can control the bank account which has a big withdrawal amount and they can investigate if that income is from bitcoin or not and if it's from bitcoin, then maybe they can apply the tax for bitcoin user and I think it's part from their regulations too. if they apply the tax, then the amount of the tax will be different in the country.

Any big amount that comes to your bank account is going to be monitored and if you are unable to explain where that money came from you are going to get a visit from the tax authorities in your country and if they discover that your income comes from bitcoin then you can be sure that you're going to get a lot of trouble if you have a huge amount of not declared income.

[phpartisanmaster]

Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

Those who invest a huge amount are already paying a decent amount of transaction fee and if you are going to send it to another wallet then you need to pay a transaction fee as well so i think that it is already enough to compensate with the regulations.