How is bitcoin supposed to be?

[palle11]

I really hope that all cryptocurrencies would be exempt from taxes on each trade, just like with Forex.

I think forex doesn't include tax because there are no conversion just exchange  but from fiat to fiat.

It's better in my country, Belgium, as crypto is only taxed when it's exchanged for fiat. You pay a flat rate of 33% on taxes on your profit.

Wow.... This is really high. The tax rate is outrageous. This is a reap off I must say.

[gwapo.zylle]

If you search at the google about bitcoin for criminals, there is a lot.
For example at this link https://www.thesun.co.uk/tech/5092224/criminals-use-bitcoin-for-dark-web-illegal-activity/amp/.
So if there is nothing correct regulations, maybe a lot of countries will be block this payment system.
And as the effects, price of BTC will be drop soon.
So let's start to discuss, what it the right regulations to avoid Bitcoin used as a payment for crime. 

Bitcoin is very useful and we can use bitcoin in any transaction. The main purpose that we need to resolve is the impropoer usage of btcoin that turns to crime. The regulations must be our lead ro be on the right path. The rumor said that btc will drop soon, I disagree because many years passed by and btc is keep improving even it is flactuated we consider it as a challenge because you are in the right track to become successful.

[Kakmakr]

The way that the USA is doing this, is in my opinion the correct manner to handle this. They have the SEC to handle most of the complaints and they also regulate exchanges by applying strict AML/KYC regulations. There are not a lot they can do about the pseudo anonymity, so they just concentrate on the registered services and the regulations that apply to them.

They have also declared Bitcoin as a commodity, so people can pay their taxes based on that definition. <Capital Gains>

[UAE Seasider]

Why would you even search for Bitcoin and criminals???

Bitcoin has more legal usage than illegal in any event, what you are looking at are simple ways to do money laundering and exchange value for illicit goods

[Theo222]

If you search at the google about bitcoin for criminals, there is a lot.
For example at this link https://www.thesun.co.uk/tech/5092224/criminals-use-bitcoin-for-dark-web-illegal-activity/amp/.
So if there is nothing correct regulations, maybe a lot of countries will be block this payment system.
And as the effects, price of BTC will be drop soon.
So let's start to discuss, what it the right regulations to avoid Bitcoin used as a payment for crime. 

make it traceable and every wallet or address has an kyc to know if that is legit and not a dummy. this will reduce the number of illegal transaction and it will be manage easily.

[Haxor321]

If you search at the google about bitcoin for criminals, there is a lot.
For example at this link https://www.thesun.co.uk/tech/5092224/criminals-use-bitcoin-for-dark-web-illegal-activity/amp/.
So if there is nothing correct regulations, maybe a lot of countries will be block this payment system.
And as the effects, price of BTC will be drop soon.
So let's start to discuss, what it the right regulations to avoid Bitcoin used as a payment for crime. 

It is true that for now there are many news regarding in many illegal activities that happen because of bitcoin and because of that I think it's really effects the value and the recovery of bitcoin. But as we all known bitcoin is really decentralized therefore it is hard to control it. However, I think it can able to have a much strictly regulation where in it can possible to catch up and block the illegal transaction that possible to happen and I think it's hard to do that but the important thing is they must try to do some solution for this problem.

[GamblingPurveyor]

Bitcoin it self cannot be regulated because it is anonymous and decentralized,  it cannot be traced to a person who owns it,  government bodies of the world can only succeed in regulating only centralized companies built on around bitcoin , such as the mining companies who mine bitcoin,  centralized wallet providers,  and also centralized exchanges who might need license to operate freely.

[Odlanyer]

It depends in the users if they used bitcoin in criminal things, bitcoin has a rules and regulation that they need to follow.

[blockchainwriters]

I think a consensus must be developed by all the companies involved in the development as a team. Then, they should take steps and assist governments in order to avoid Bitcoin for being used for crimes. The cryptocurrency being used for crimes is making the governments being unable to liberally support for its development. I hope situation changes.

[Spontebob]

If you search at the google about bitcoin for criminals, there is a lot.
For example at this link https://www.thesun.co.uk/tech/5092224/criminals-use-bitcoin-for-dark-web-illegal-activity/amp/.
So if there is nothing correct regulations, maybe a lot of countries will be block this payment system.
And as the effects, price of BTC will be drop soon.
So let's start to discuss, what it the right regulations to avoid Bitcoin used as a payment for crime. 

The "right" regulations would be all the new rules that remove the anonymousy of btc transactions.
"Know your customer" policies and ID verifications would become mandatory for all online bitcoin wallet services and all exchange platforms.The harder for criminals to stay anonymous ,the better for the bitcoin community.I know that a lot of crypto supporters hate the KYC regulations,but there`s no other way to reduce the crimes and fraudulent activities with btc involved.

I'm not sure if I agree with this but it can't be solved by just motivating every user to be honest, after all. This is why governments should study and learn how bitcoin works first before making decisions.

[rolerVX]

I think the reason of implementing kyc because of bitcoin use for crimes so that by passing the ID of bounty hunters, investors they can easily and immediately recognized the wanted person in the world. I think kyc is a good regulation.

[lulutika]

bitcoin i want anyone to be able to access and invest in it, bring profits to the players

[Bughah]

I think Bitcoin should be classified as a currency instead of an asset, at least in the USA this is something that needs to be changed.
Now the IRS is demanding taxes between each trade, because cryptocurrencies are seen as an asset, so each trade between cryptos is seen as a taxable instance.




I really hope that all cryptocurrencies would be exempt from taxes on each trade, just like with Forex.

It's better in my country, Belgium, as crypto is only taxed when it's exchanged for fiat. You pay a flat rate of 33% on taxes on your profit.

Hoping someday bitcoin will be legalize in different countries,so that many people can benefits on this.And also the value become more higher.

[PaulTrace]

At present the rules of bitcoin is good but i think it need to imposed more strict rules.

[nellakarisma]

if in my opinion and my suggestion. bitcoin world preferably. if the price rises gradually little by little and takes a longer time if compared when the price of bitcoin down within one day the price directly down as if going free falling .meaning that if the down should be gradually do not go down sharply.

[kleaty Virus]

If people search to know what is bitcoine, they can easily produce theire ans, is the bitcoine is a harmful way to earning money. People fall in the danger by using and earning bitcoine. But its not reality. Actually, bitcoine is that way to earning more coine to improving there loyal condition from past. Its a great way to take a benefit from bitcoine.

[mung_nasib]

Perhaps a powerful way to avoid the bad behavior of government bitcoin enthusiasts can make a stricter regulation of the world of cryptocurrency for example by requesting a report to them about the transaction each month so that this step is very helpful to the state to stay in the situation awake from a bad problem later.

[Doterti]

Perhaps a powerful way to avoid the bad behavior of government bitcoin enthusiasts can make a stricter regulation of the world of cryptocurrency for example by requesting a report to them about the transaction each month so that this step is very helpful to the state to stay in the situation awake from a bad problem later.

Bitcoin is very useful and powerful in any aspects especially developing a better nation but also it is also the worst if they abuse it, and make some problems to make the world to be inequality, that's why we should use bitcoin for good purposes especially having a better life and sustain better future too.

[arief.sutono]

Well, if criminals use on behalf of Bitcoin then they use fiat currency before 2009, right? So if the government forbids Bitcoin, for this reason, the same logic must exist for the fiat currency. However, coming to the fact, the government can not ban crypto to crypto transactions and they should not blame Bitcoin for criminal activities. Everyone will use what is convenient for him and it does not make sense to destroy the whole system simply because a small group of people use it for illegal activities. How do you think Thanks

[IndigoRed]

I agree that there should be some level of regulation to protect users or at least to prevent malicious activity. But with the way it is designed, I’m not sure how this can be done.
Also, criminals will always find a way to do what they do. We have laws in the real world and yet they’re still wreaking havoc on the streets.