Regulation of Bitcoin

[pejuang_mamak]

we know for ourselves that bitcoin can not be regulated by the government because bitcoin is individual and government can only monitor the development of bitcoin itself and according to bitcoin regulation should be legarized because it will also provide benefits

[komisan]

Numerous countries have launched major crackdowns. And many more might be coming.  Bitcoin has been surging and falling in recent weeks. And it seems mostly to come down to one thing: regulation.

The lack of regulation is, for now, a large part of bitcoin and other cryptocurrencies’ intrigue: they seem to allow people to avoid the traditional restrictions in place in money and other assets. But they’re also part of their bad reputation, with the same anonymity and decentralisation allowing them to be used for crime.

Many governments have suggested they could introduce such rules. But it’s still not clear what they’d look like, or how they’d arrive.

[setialovers]

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 needed for bitcoin trade. With regulation, many investor will more believe on bitcoin as investment. Beside that, with regulation investor in cryptocurrency more protected and feel safe with their investment

[acord00]

I also agree more if bitcoin is regulated by an authorized institution. I prefer bitcoin to be made system centralized and not anonymous. This is to minimize bitcoin used as a crime. If the bitcoin is not set then I pity the bitcoin users who are beginners or bitcoin users with little capital because they can be the target of big bitcoin investors to be panicked so they do "panic sell" or "panic buy". When in fact, it's part of their strategy to do market manipulation.

[gunungkembar]

the existence of regulation for bitcoin seems to make bitcoin very good and safe to use because it already has regulation and bitcoin will be very expensive from the existence of it.

[samarabtc]

Many govt. are concern about crypto currency where as usa, Russia also gives this facilities to use so they think its should be regulated because based on this many crimes are happening and if they expose taxes in here then the users have to pay lots of money based on this investors may decrease.

[maminelly]

if bitcoin in each country has their own regulation it would be a lot of changes can happens, even the price also would change. And I think the government will get so much profit by the taxes also, because if they wanna make a regulation it must be with taxes....

[MaryKiTy22]

I mean if bitcoin in each country has their own regulation it would be a lot of changes can happens, even the price also would change. And I think the government will get so much profit by the taxes also, because if they wanna make a regulation it must be with taxes.

I have not heard the Regulation of Bitcoin if you have heard and you have been told you can tell them to me, please explain to me what rules are needed for btc to develop

[batang_bitcoin]

Many governments are concern about cryptocurrency and they think it should to be regulated.

They are concern not because they are trying to protect their citizens but they are concern to chase those citizens that are making that much money with crypto so the solution would be regulation and taxation.

What do you think regulation and how is it going to effect the price ?

There are people who are saying that regulations are good but crypto's aren't meant for that but most see that it can be a good boost for the market.

[cryptomonotize]

If govt can pull off this then there will be both negative and positive side for bitcoin. Negative is that govt will then impose taxes over the use and transaction of crypocurrency, positive is that it will be no longer illegal and more people will invest.

[funchiestz]

There are also points that governments are right in this regard. For this reason, if a monitoring environment is created without a control mechanism, the viewpoint of the state can be positive.

[Ronni]

Government will interfere with bitcoin regulations as it is designed to favor their side. They are going to put tax and thats a downside for us who earn in bitcoin although its nice because it is such a help for the country but when you look at it deeper, money on tax are actually just going to those corrupt politicians' pocket which is not great. Really.

[wtbhitlv]

The price of bitcoin is likely to fall sharply at the time of the regulation, but bitcoin will come back after proper regulation, like last year's Chinese regulation, which broke through 20K at the end of the year.

[Ridwan Fauzi]

Any regulation of the state will always have an effect on bitcoin price changes, be it a regulation that receives bitcoin and regulases that banning bitcoin. But this time, many countries are still reluctant to accept bitcoin and can be used as a legitimate payment system within a country. I will always hope that countries that have not received bitcoin and quickly provide regulation against the use of bitcoin. Of course, if some countries that open and regulate bitcoin will contribute positively to market changes.

[Kprawn]

There are many different levels of regulation before we get to a 100% ban of the technology. In many countries governments

have just started with limited regulation and also the defining of the technology. In some States in the USA, they over

regulated the technology. { A good example would be the BitLicence in New York } Governments should only take a oversight

role in the regulation, to make sure that consumers are protected and not exploited by the technology. Some governments

wants to control the technology and then we get regulations like the BitLicence in New York.

[oni4an]

At the initial stage, many governments do not know how to properly regulate the crypto, so many want to ban and restrict their distribution, but it is not the right step, who will not keep up with the technology, the latter would lose a lot.

[Liternyy]

Australia seeks to provide an enabling environment for the development of technology
companies and the creation of their own finteh centers. The state demonstrates the
to become one of the most progressive jurisdictions. Government of Australia
Does not exclude the possibility of using Blockchain technology in different spheres
State administration (for example, in the management of land transport). WHO-
The possibility of applying Blockchain is also considered by the Australian Post.
Non-state projects related to digital money-
and decentralized technologies.

[Liternyy]

The UK is a leader in crypto-currency integration and one of the most favorable
and convenient jurisdictions for conducting a crypto-currency business. Moreover, the state
It supports the startups associated with the digital currency.

[Liternyy]

The European Union is the unification of 28 countries, each of which
level there are certain features in the legal regulation of both traditional,
and the crypto-currency business. At the same time, the member states of the European Union
traditionally considered favorable for its conduct.

[voltagecrypto98]

I think that bitcion might loose its feature if a set of regulation imposed over it by govt. Blockchain technology will perform properly then. But yes some regulation could be set to stop the illegal task with bitcoin.