France Wants G20 Nations to Discuss Bitcoin Regulation.

[nmax21]

At first, some countries tried to prohibit the crypto currency, then create their own crypto currency, then they wanted to mine at the government level. Nothing succeeded. It remains only tax imposed

[Denies]

France's finance minister is planning to push for a discussion on bitcoin regulation at a G-20 summit in 2018. How would this influence the development of Bitcoin?

Looking forward to hearing different opinions!

I dont really know what the french country is planning. let's follow its development, what are the benefits or threats to bitcoin.

[BitChief]

France's finance minister is planning to push for a discussion on bitcoin regulation at a G-20 summit in 2018. How would this influence the development of Bitcoin?

Looking forward to hearing different opinions!

That's a good thing since my government still forbid bitcoin because of security reason.
Hope when G-20 conference decide to discuss about bitcoin, they can become more subjective and wise since bitcoin is something that people need on digital era !

I have a feeling it's not going to be a very constructive discussion, based on some of their statements around bitcoin.

[thesavoyard]

France's finance minister is planning to push for a discussion on bitcoin regulation at a G-20 summit in 2018. How would this influence the development of Bitcoin?

Looking forward to hearing different opinions!

France is one of the first EU nations to regulate Bitcoin after Germany. The Paris attack terrorists used pre-paid Visa cards, so they cracked down on all anonymous forms of payment.

Overall, regulation is good for cryptocurrencies. The EU Central bank (ECB) has been asking for the authority to regulate digital currencies since 2014. They've been ignored by the EU parliament and most states haven't done much either. The ECB instructed banks operating in the EU to not do business with people using cryptos until they could get jurisdiction, most were happy to exclude us because it poses a threat to their cash cow. A few banks and countries ignored the EU central bank.

 There is also word they will regulate them coming January or February. I'm not sure what has changed though, the EU Parlament seems as corrupted by banking as ever. I'm not aware of any motion to give authority tot he ECB.

[icanscript]

France's finance minister is planning to push for a discussion on bitcoin regulation at a G-20 summit in 2018. How would this influence the development of Bitcoin?

Looking forward to hearing different opinions!

That's a good thing since my government still forbid bitcoin because of security reason.
Hope when G-20 conference decide to discuss about bitcoin, they can become more subjective and wise since bitcoin is something that people need on digital era !

What is good for individuals is not always good for the state.
I'm sure that governments do not have the technical ability to control crypto-economics. Conflict ripens, this will lead to financial confrontation in any case.

[macleangh]

If World Leaders wants to sit and have talk about bitcoin, then there is something peculiar about it that has caught their attention. The first question that comes to mind. Why would they wanna regulate it? Well, if you were to ask me, I'd say prolly because they wanna make the virtual currency a more official means of payment so that they can also milk whatever loot they can from it, simple!

[soham]

France's finance minister is planning to push for a discussion on bitcoin regulation at a G-20 summit in 2018. How would this influence the development of Bitcoin?

Looking forward to hearing different opinions!

It is now evident that bitcoin can't be avoided. So I will take it as a positive development. While discussing, they certainly can take up examples from Japan which is the most progressive nation on the earth and how its economy is being impacted by bitcoin adoption. I hope something good will happen for the crypto community in upcoming G20 summit. Banning bitcoin is not a solution, instead taxing on it will be beneficial for all.

[bitart]

France's finance minister is planning to push for a discussion on bitcoin regulation at a G-20 summit in 2018. How would this influence the development of Bitcoin?

Looking forward to hearing different opinions!

That's a good thing since my government still forbid bitcoin because of security reason.
Hope when G-20 conference decide to discuss about bitcoin, they can become more subjective and wise since bitcoin is something that people need on digital era !

What is good for individuals is not always good for the state.
I'm sure that governments do not have the technical ability to control crypto-economics. Conflict ripens, this will lead to financial confrontation in any case.

Just have a look at Estonia. They're small, but they will benefit from it, because if they want to tokenize the country (lands, identities, real estates, etc...) they can do it fairly quickly. They are thinking about issuing  'Estocoins' which will help the digitalization and they're already set up a digital nationality program, so they have the resources and the knowledge, what they don't have is the consent of the EU to issue a cryptocurrency for the country

[Luckylegs]

If governments can get taxes from capital gains then it wouldn't be in their interest to ban it. Hopefully their meddling will stop there...

[Irvinn]

If the countries of the Big Twenty next year will negotiate the situation with bitkoynom, this summit may become one of the fateful for bitkoyna. One country can do practically nothing with bitkoynom and greatly affect it. However, if a general decision is made on the G-20, it can greatly affect the fate of bitcoins. Here, even the issue is not in taxation, although G-20 countries can develop their own unified approach in this matter. Most likely there will be discussed more global issues, such as the influence of bitcoins and general crypto-currencies on the economies of the world, whether the crypto-currency generally threatens the normal development of states. After all, states can not not react at all to the appearance in them of some kind of uncontrolled currency, which already costs almost 20,000 dollars and it is not known how much it will cost in the near future.

[orka39]

Well they want to create a new world currency to replace the dying fiat currencies, so of course they wantr to regulate Bitcoin. They should be looking at the Renminbi and the Ruble - those are much bigger threats to them.

If regulation really applicable, the transaction of bitcoin will be accesable by company. It will make company easy to see and apply tax. It is nothing for me but bad for some people who hide from tax.

[audaciousbeing]

France's finance minister is planning to push for a discussion on bitcoin regulation at a G-20 summit in 2018. How would this influence the development of Bitcoin?

Looking forward to hearing different opinions!

Regulation in itself is not bad but the extent of such regulation is what will cause conflict. Today virtually every exchange sites, wallet providers, have their KYCs in place with some even going as deep as going for a Visa interview that is also a form of regulation that a lot of people in the crypto community can still put up with and its powerfully in practice. The concern here is if there is no discussion about it yet and the above is already in place, when discussion starts at the point of G20, how far would such regulation go?

The fear is that when the implementation of such discussion is rolled out, it might end up bringing to the end of bitcoin as we know it so, for those saying regulation is a welcome idea, lets also proceed with caution because it could negate the very objective of bitcoin which could then be interpreted to be hijacked and when that happens, the core developers providing support could be forced to abandon bitcoin and that is the beginning of the end.

[timikulit]

This news is good for bitcoin. it will give more popularity however, how can they regulate a decentralized thing? or maybe bitcoin will become centralized soon?