Government regulations regarding bitcoin

[hariette10]

What will happen if the government of each country put regulations regarding bitcoin..I just read in the internet about our Central Bank putting regulations in joining bitcoin..do you think they can do that?, will it be bad or good for us..

[Pursuer]

it depends on what kind of regulations we are talking about. it is not always bad and it is not always good either.

for example the regulations that Japanese government put in place helped bitcoin grow to what you see today. they made it not only legal to use bitcoin for payments but also made it easy for anyone to do it. and on top of that they removed taxes on bitcoin payments.

other countries are also following this more or less. and those that do will help increase bitcoin's adoption. those that go other ways may not.

[darrly]

It really depends on the regulations to be imposed to bitcoin. If they are going to put tax on it, that will kill the main feature of bitcoin that is being Decentralized. If the regulation will help the bitcoin grow then its fine.

[Harlot]

Well it will really depend on what kind of regulations that country will put in for the use of Bitcoin. Because based on what I am reading and experiencing there are two types of regulations it can either be limiting the use of Bitcoin or it can be identifying the user of the Bitcoin. Both have different effects of course on the cryptocurrency or the worst thing is it can be both.

[KimMinChi]

Well it will really depend on what kind of regulations that country will put in for the use of Bitcoin. Because based on what I am reading and experiencing there are two types of regulations it can either be limiting the use of Bitcoin or it can be identifying the user of the Bitcoin. Both have different effects of course on the cryptocurrency or the worst thing is it can be both.

This is true. It really depends on what regulation they will put. For example, it will be really helpful if the regulation can identify, or if not, at least decrease the chance of those scammers in the bitcoin world.

[Juzion]

its hard time, but so many ways to overcome   

[master2080]

'Regulation' is too general of a term.

Japan has made Bitcoin a currency, some other countries ban it completely.