Regulating Bitcoin

[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.

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[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.