Bitcoin global regulation

[almersyn]

please note that each country has a digital currency related policy or also called bitcoin. For example in my country the government still mengokgap illegal digital currency or bitcoin because it is reasoned bitcoin the currency used by hackers to launch crime in cyberspace

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[rickadone]

A few have banned outright but with most countries its a grey area since it doesn't have solid regulation about its legality.

Yeah, I guess that would be more of the advantages it would bring anyway. I still wonder why a lot of people are against regulation since it does not really affect anyone in anyway except for those who are going to be doing some fiat related exchange with bitcoin. KYC would become a norm in most exchanges like we already have in most of the US based exchanges and this is just a way for government to monitor some shady movements anyway and it changes nothing with our normal P2P way of transacting.

[suzanne5223]

A few have banned outright but with most countries its a grey area since it doesn't have solid regulation about its legality.

Yeah, I guess that would be more of the advantages it would bring anyway. I still wonder why a lot of people are against regulation since it does not really affect anyone in anyway except for those who are going to be doing some fiat related exchange with bitcoin. KYC would become a norm in most exchanges like we already have in most of the US based exchanges and this is just a way for government to monitor some shady movements anyway and it changes nothing with our normal P2P way of transacting.

You're right but something like that also have disadvantages cause it also make the customers or exchange users vulnerable because any of the exchange official can sell their customers tangible info to theft. With that aside, I think it will better more preferable if the government of each countries told every ICO owner to registered their ICO or project before any pre-Sale and public sale.

[Johnyz]

please note that each country has a digital currency related policy or also called bitcoin. For example in my country the government still mengokgap illegal digital currency or bitcoin because it is reasoned bitcoin the currency used by hackers to launch crime in cyberspace

Well, not all country are making move with regards to cryptocurrency some are just neutral about this technology. Regulations will be done in the future and it will help us to move forward. I hope for a good result of every regulation because at the end of the day we need this kind of technology.

[katiecbell]

What it would take for other countries to allow Bitcoin though, if currency is being primarily aimed and other government would just see it as an investment rather than a medium to pay expenses? Does it need to be more stable in price? I am quite happy that major countries supported these. Japan? They were the one that used Bitcoin to its fullest, so it is like a lock-in that Bitcoin is stable already there.

Too much change in the prices and too much volatility is another factor why people are not using it for mainstream payment method. Also all the governments at his moment wants to regulate bitcoin so that they may have some control over bitcoins and digital currency.
No matter what regulations they implement,  bitcoin can't be controlled in the true sense.

Lack of the awareness regarding the crypto coins and having not that much of the money to go and make an investment in any of the digital coin are the few things which are not favoring most of the people and because of that, people are still unable to make some good decision.

It is just the matter of time which will settle down the things for all of us and that after some time, we will be able to see much better reputation of the crypto coins and more regulation in the entire world.

[Dancobit]

Many countries around the world, especially Asia, are busy installing their respective rules regarding the use of Bitcoin and other virtual currencies. Different regulations in each of these countries actually generate a polemic. Owners who are not allowed to use Bitcoin in their country, will look for other ways such as crossing into neighboring countries that have more friendly rules. It is considered inefficient.

Yesterday, representatives of the German Central Bank expressed his opinion regarding regulation. Any attempt to set cryptocurrencies such as Bitcoin should be set on a global scale because national or regional regulations will be difficult to apply in communities indefinitely.

[Silberman]

What it would take for other countries to allow Bitcoin though, if currency is being primarily aimed and other government would just see it as an investment rather than a medium to pay expenses? Does it need to be more stable in price? I am quite happy that major countries supported these. Japan? They were the one that used Bitcoin to its fullest, so it is like a lock-in that Bitcoin is stable already there.

Governments most of the time only care about two things power and money, right now they are not very happy with bitcoin because they feel that they are losing power because of it, but if in the future they lose power because of their own ineptitude to manage their economies it is possible that at that point they will prefer to get more money in taxes and accepting bitcoin and regulating it could be good business.

[Alpinat]

In your statement there are some of them that are now facts and nothing to do with. But Global Regulation Will be difficult for bitcoin because it is decentralized and so many people out there still don't know what bitcoin is. In the future  it can be but for now it just can't happen.

[CrazeCoinz]

The outcome of the next G20 summit on July will determine the future of regulation for cryptocurrencies. If the member countries agrees on creating a global regulation for cryptocurrencies then other countries that banned virtual currencies and coin exchanges might follow later. Instead of having many different regulations, it will be unified under single internationa regulation.

I'm hoping that the G20 summit will come out with a good global regulation that will use globally it can be applicable to ICOs, exchangers, and government sides.

[aencarnaci]

please note that each country has a digital currency related policy or also called bitcoin. For example in my country the government still mengokgap illegal digital currency or bitcoin because it is reasoned bitcoin the currency used by hackers to launch crime in cyberspace

This is just the beginning of an era of the crypto currencies and that things are not that much well organized and well established as they need to be and that the government is not also very much interested in taking any constructive step to promote the crypto coins in their countries. It is just a matter of time and that after some time, most of the crypto currencies will surely prove out their worth and they will help in making the economy stronger.

[ayiaye]

hopefully this G20 summit will be the bright spot of bitcoin, which brings a positive trend in cryptoworld. considering all this time, bitcoin is being attacked by negative news, which affects bitcoin prices. and hopefully, bitcoin can also be accepted by the whole country, to be more trusted by everyone. also, can be a guarantee for someone, to be able to achieve his dream in the future, to succeed. because I know, the price of bitcoin is very high, just imagine, if bitcoin is acceptable in the world, maybe bitcoin price becomes higher than now. then, support bitcoin. spirit!

[ausbit]

What it would take for other countries to allow Bitcoin though, if currency is being primarily aimed and other government would just see it as an investment rather than a medium to pay expenses? Does it need to be more stable in price? I am quite happy that major countries supported these. Japan? They were the one that used Bitcoin to its fullest, so it is like a lock-in that Bitcoin is stable already there.

Too much change in the prices and too much volatility is another factor why people are not using it for mainstream payment method. Also all the governments at his moment wants to regulate bitcoin so that they may have some control over bitcoins and digital currency.
No matter what regulations they implement,  bitcoin can't be controlled in the true sense.

Lack of the awareness regarding the crypto coins and having not that much of the money to go and make an investment in any of the digital coin are the few things which are not favoring most of the people and because of that, people are still unable to make some good decision.

It is just the matter of time which will settle down the things for all of us and that after some time, we will be able to see much better reputation of the crypto coins and more regulation in the entire world.

Things are not very well organized and that still there is no such kind of awareness campaign or anything like that which can help the people to understand this concept of the crypto currencies in a better way and that people are still confused and are reluctant in making this decision of investing their money into any of the crypto coin. Regulation of the crypto coins will surely work in the favor of the crypto coins and will help them in having a better reputation.

[huige007]

What it would take for other countries to allow Bitcoin though, if currency is being primarily aimed and other government would just see it as an investment rather than a medium to pay expenses? Does it need to be more stable in price? I am quite happy that major countries supported these. Japan? They were the one that used Bitcoin to its fullest, so it is like a lock-in that Bitcoin is stable already there.

Too much change in the prices and too much volatility is another factor why people are not using it for mainstream payment method. Also all the governments at his moment wants to regulate bitcoin so that they may have some control over bitcoins and digital currency.
No matter what regulations they implement,  bitcoin can't be controlled in the true sense.

Lack of the awareness regarding the crypto coins and having not that much of the money to go and make an investment in any of the digital coin are the few things which are not favoring most of the people and because of that, people are still unable to make some good decision.

It is just the matter of time which will settle down the things for all of us and that after some time, we will be able to see much better reputation of the crypto coins and more regulation in the entire world.

Things are not very well organized and that still there is no such kind of awareness campaign or anything like that which can help the people to understand this concept of the crypto currencies in a better way and that people are still confused and are reluctant in making this decision of investing their money into any of the crypto coin. Regulation of the crypto coins will surely work in the favor of the crypto coins and will help them in having a better reputation.

This is just the start of the crypto currencies era and that it will surely take lot of time for things to be settled down completely and to make some better reputation of the bitcoin and the rest of the crypto coins in the international market as well as amongst the common people. If this global regulation of the bitcoin happens, then this will result in a huge increase in the market value of the bitcoin.

[Silberman]

What it would take for other countries to allow Bitcoin though, if currency is being primarily aimed and other government would just see it as an investment rather than a medium to pay expenses? Does it need to be more stable in price? I am quite happy that major countries supported these. Japan? They were the one that used Bitcoin to its fullest, so it is like a lock-in that Bitcoin is stable already there.

Too much change in the prices and too much volatility is another factor why people are not using it for mainstream payment method. Also all the governments at his moment wants to regulate bitcoin so that they may have some control over bitcoins and digital currency.
No matter what regulations they implement,  bitcoin can't be controlled in the true sense.

It is true, that the changing nature of the price of bitcoin makes it very difficult to use it as a mainstream payment method, but to me this is something that we will learn to eventually get used to, I know a lot of people are scared of using bitcoin because if they buy bitcoin with their fiat a few hours later they could have less money, that is why I think many people are just going to buy bitcoin and will immediately use it to avoid the volatility of the market.

[KennyR]

Bitcoin global regulation in an unified manner might take place when the bitcoin gains good support from the governments functioning around the world. In specific when there is a global regulation, automatically the price will increase due to the increased demand from the common people. Similarly it might also begin to function as a centralized system.

[yojodojo21]

This is somewhat an idea which would be like the most of the common user of crypto but to whales this is not a good idea, if you are regulating some thing then you should hover all of the information regarding to transaction and the blockchain will be widely open, whales doesn't support the way that clearer transparency should be regulated. We are decentralized, but there are countries working it to be centralized.

[nieninja53]

I think bitcoin global regulation may fail to make any official office of bitcoin Bitcoin is the most powerful decentralized currency in digital world and every one like to work on this blockchain technology Bitcoin demand and need is increasing and it is also attached with bank accounts in developed countries and allow you to take any financial action by using bitcoin and the time to close when bitcoin will considered as an official currency in future,

[Marcel555]

Global regulation would revolutionize bitcoin as we know it, making it an accepted currency for trading. It would favour the top dealers generally, but with tax reforms e.t.c... Some would lose out.

[Wipro]

Global regulation would revolutionize bitcoin as we know it, making it an accepted currency for trading. It would favour the top dealers generally, but with tax reforms e.t.c... Some would lose out.

Bitcoin is not a centralized crypto currency to see the coin regulated as whatever they want mate. If the bitcoin is been regulated also they can do until the coin has comes to the trading site which is based on the country you part of it.
If you use exchange like localbitcoins to change the bitcoin into fiat cash then how it is possible with the regulation nothing works dude.
Do not share the ID documents with  the trader if they requested to share with them. Instead of you check with someone who is not looking for the ID verification.

[Silberman]

Global regulation would revolutionize bitcoin as we know it, making it an accepted currency for trading. It would favour the top dealers generally, but with tax reforms e.t.c... Some would lose out.

Traders are already investing in bitcoin to earn money even with the very low amount of regulation that we have, also bitcoin is already an accepted currency for trading you only need to look at any exchange and the huge volume that they have, regulation is not meant to help bitcoin, governments are going to try to impose regulation in order to control the market but no matter what they do they will never be able to completely control it.