Regulation of Bitcoin

[NelfiNovita]

Many governments are concern about cryptocurrency and they think it should to be regulated. What do you think regulation and how is it going to effect the price ?

I do not believe that the government is concerned about cryprocurrency and they think it should be regulated, it's a strategy for them to get a share of it, so far they do not approve of bitcoin and crypto because it is out of reach of taxes and if their crypto is dealt with then they take advantage of the situation this.

[Rosscy]

Bank Indonesia (BI) states that the regulation concerning the ban of bitcoin will be limited to cover all forms of transactions using bitcoin as a means of payment.

In this regulation, BI again confirms the non-recognition of bitcoin as a legitimate payment instrument in Indonesia. There will be closing-door points for all activities that facilitate payments with bitcoins and so on.

[dutchkay]

I don't think bit needs regulations but there are parts of cryptocurrency that need serious regulations. ICO needs to be regulated if not it will kill the crypto community. Most ICOs are scams and coming ones are just doing it because of the free money. You will see companies that have existed long ago announcing ICO. They just mop up free cash and won't list on better exchange and still dump on investors I pity those falling for their gimmicks. Besides ICO is contributing to the less growth of crypto market cap money needs to be invested in already existing coins not chasing a new project without prototype and bunch of whitepaper written by school boys.

[tikanima]

This will allow many people not afraid to invest in electronic money.
Blockchain technology will perform properly afterwards. But there are some rules that can be set to prevent illegal tasks with bitcoin.

[cabitu]

Many governments are concern about cryptocurrency and they think it should to be regulated. What do you think regulation and how is it going to effect the price ?

Really the only thing governments can do is regulate exchanges that Bitcoin is traded on. They could never regulate it on the base layer. It likely would have a negative effect on price in the short term, but long term it would be bullish as BTC would be more legitimized as an asset.

Bitcoin regulation is needed to support bitcoin grows legally. The government should issue formal regulation
Relating to btc operation. Exchange rule  transaction fee, taxes on btc transactions, etc.should be regulated to ensure btc operates fluently and gives better services to customers or people.

[Getmon]

Many governments are concern about cryptocurrency and they think it should to be regulated. What do you think regulation and how is it going to effect the price ?

They are concerned about cryptocurrency because it works fully well away from any single connection with them. The governments do not see this as a good way for the world to develop. That is why they are looking for ways to get into the game. And they think of releasing certain regulations to force cryptocurrency to somehow pay attention to them. This is not going to affect the price if it does not go as far as declaring crypto and all related activities illegal.

[whirlcoin]

Many governments are concern about cryptocurrency and they think it should to be regulated. What do you think regulation and how is it going to effect the price ?

I do not believe that the government is concerned about cryprocurrency and they think it should be regulated, it's a strategy for them to get a share of it, so far they do not approve of bitcoin and crypto because it is out of reach of taxes and if their crypto is dealt with then they take advantage of the situation this.

Governments are afraid of the crypto currencies because it cannot be uncontrolled by anyone so they think that it can be used for illegal activities.And also they can get benefits by regulating it so regulation is a good thing and it also can increase more adoption among that country.

[CGPA]

In national currency, Regulation is bullshit!! It's fully depended on control your money. If bitcoin has their own regulation in each country, It would be a lot of change can happen.

[indog]

Regulatory statement about crypto ban or not, very sensitive to the market, affect the price according to published rules. If the regulation of crypto is a ban can reduce the level of confidence, the circumstances are very difficult to pass and the market price is difficult to predict, otherwise if the positive regulation of crypto trust rate is high

[Desscount]

I am not sure about this. but if in every country that legalize bitcoin makes the regulation to prevent on scam and ico projects that do not have quality, I strongly agree. as this would make a good reputation for the crypto industry.

[jamesmitchel018]

Yes the only thing governments can do is regulate exchanges that Bitcoin is traded on. Regulation it differs country to country, depends on governments how they set the price. BTC

[appleyard]

Many governments are concern about cryptocurrency and they think it should to be regulated. What do you think regulation and how is it going to effect the price ?

Regulation in many country has a huge impact to bitcoin price for example if some country with a large bitcoin community banned bitcoin it will have a negative effect to the price of bitcoin, recent news that argentina use bitcoin as payment transfer internationaly this will have an effect to the price but not much because of th small papulation of bitcoin user in that country.

[markleal]

Many governments are concern about cryptocurrency and they think it should to be regulated. What do you think regulation and how is it going to effect the price?

Hi there altcoinanalyst1! I think almost all government or administrator in each country already knew the cryptocurrencies. The could be skeptical of this technological change in the financial system but I think they are not closing their doors to discuss it.  There could even be a group of people that have been tasked to research the benefit and the disadvantages of it if implemented or adopted by their country. At first, the government will have an unconsiderable policy about cryptocurrencies, but after that, the system could go smoothly.

[Juggy777]

I'll agree the regulations are confusing and scary, recently I was doing a deal with a Poland seller, to save on my fiat I decided to pay him in btc, when we reached final conclusion he send me a invoice for Btc and I told him I don't want him to record it, as it's btc. He then made me aware Poland people need to record it, which was sad I had to pull the plug on the deal but ya regulations are scary and can have retrospective effect.

[jshealth]

The regulation of bitcoins will be attempted by the government as they do not want loosening of their grip over money. The basic excuse will be taxation, money laundering etc

[Powerpuff]

Despite regulators’ best intentions, cryptocurrencies’ values remain heavily tied to speculation and optimism. For this reason, drastic policy changes can have an outsized impact on short-term direction, as several prominent examples revealed over the past year.

The original boom in cryptocurrencies occurred in an unregulated environment. Even as news outlets and investors paid closer attention to the market, regulators and international actors remained largely distant from the action, and prices continued to soar unabated.

[novsali]

Many governments are concern about cryptocurrency and they think it should to be regulated. What do you think regulation and how is it going to effect the price ?

Regulation will come with both benefits and demerits so we have to weigh both before deciding on it. In my opinion, the huge success of bitcoins is because of the fact that there is no regulation.

[angchosenone]

It is exceptionally important and indispensable for a digital money to reach and have a hold to an expansive userbase. That is the reason a lit of cryptocyrrencies recently are pointing towards guaranteeing that their coins would be utilized by many individuals. What's more, it is fine to ubdergo a few measures in the event that it implies that it would pick up something from it over the long haul. That is the reason I think it is okay for cryptpcurrency exchanges to be controlled by the neighborhood government.

[PM.coins]

Many governments are concern about cryptocurrency and they think it should to be regulated. What do you think regulation and how is it going to effect the price ?

I think regulation is needed to support bitcoin grows better,legally and acceptable. Under this regulation, price of btc might be more stable and illegal use cab be avoided or at leat can be minimized, like buying drugs,weapons, terrorist funding, etc. So, we call for regulation issued by the government to support or promote bitcoin growing and globally accepted.

[basyang]

Many governments are concern about cryptocurrency and they think it should to be regulated. What do you think regulation and how is it going to effect the price ?

In point of view, if the governments create a regulation in cryptocurrency for sure their are lots of change in it, because many countries would make a regulation regarding to bitcoin and how it will transact. Well, for me is it bad at all because before the government legalize bitcoin they will study about it and they will make a law or regulation to the people to follow it. Of course, it means government will control bitcoin and we can not do anything about it. And as far as I concern the government did not make any regulation for the sake of us. We need it to get this thing well.