Regulation of Bitcoin

[altcoinanalyst1]

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 ?

[masterfocus]

Regulations are bullshit. It's just an excuse to control your money. Because cryptocoins are outside the government taxes reach, they are trying to get some for them.

This is an agenda of socialist states. That's all.

Our cryptomoney is OURS only. Don't let the government get them.

[Rossy Akbar]

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.

[KingScorpio]

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 ?

how the hell do you want to regulate bitcoin?

the way to regulate bitcoin is basically to burn down or confiscate it, using the anger of the poor blaming bitcoin for it. with good reasons

[BitcoinNewbie15]

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.

[chocopapaya]

It's a double edged sword.

On the good side, it will allow institutional money to start pouring in to crypto, boosting the market to incredible new heights and mainstreaming blockchain technology.

On the bad side, there are so many ways that the regulations can minimize the true potential of decentralized systems.

Personally, I do want regulations to come in.
So many investment firms, vcs, and hedge funds are wanting to jump in but won't do so until there is some semblance of stability and control.
My hope is that things will finally be laid out for securities and that more exchanges will become compliant to list securities.

This will bring in a lot of money and open the doors to investments with real value.

Also, isn't the scam situation getting ridiculous?
So many icos, so many shitcoins, so much ability to screw people over.
It's a welcome change to have order.

[Macaronnie]

Regulations are bullshit. It's just an excuse to control your money. Because cryptocoins are outside the government taxes reach, they are trying to get some for them.

This is an agenda of socialist states. That's all.

Our cryptomoney is OURS only. Don't let the government get them.

Of course the government want to control that funds. Just imagine — you're living in the country but sending a huge sums of money abroad. And receiving them. That's not damn normal. Also you isn't paying any taxes on that but spending an electricity and using some government-provided things like medicine or just owning the land/property of that country.

[coin163]

Government all want to regulation bitcoin and all other coin but cryptocurrency don't have border so they will never can control it.
that's why we love crypto

[rickyNmorty]

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 ?

It is very necessary and vital for a cryptocurrency to reach and have a hold to a large userbase. That's why a lit of cryptocyrrencies lately are aiming towards assuring that their coins would be used by a lot of people. And it is fine to ubdergo some measures if it means that it would gain something from it in the long run. That's why I think it is just fine for cryptpcurrency transactions to be regulated by the local government.

[bittnick]

Regulation can pull the market out of the current stalemate. This will enable many people are not afraid to invest in cryptocurrencies.

[ranochigo]

If you mean regulation by a complete ban, it definitely wouldn't be beneficial to Bitcoin; the price would tumble by leaps and bounds depending on which country it is in.

Regulation is good for Bitcoin, in general. If they are willing to regulate (not ban) Bitcoin, then it simple goes to show that they recognise Bitcoin as a form of currency and transaction method. If anything, it shows the general public it is legitimate. From past experience, any sort of regulation has a positive impact towards the price of it.

[demenBTC]

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 ?

at the beginning of the formation of the state rules would be the price will drop, the stability will happen again after all resolved and even bitcoin can fly kebulan if all countries have legalized it

[dothebeats]

Personally I don't think regulations would harm bitcoin in the long run given that people also need to find some sort of legal assurance if in case they decided to dive in the world of cryptocurrencies. Short-term, bears would make a fuss out of it to make it look like regulations spelt the doom for cryptocurrencies when in fact, it will actually do more good than harm. Long term, you'll see developments in services since consumer protection would probably be in place, helping consumers out if in case a 'hack' takes place. Price-wise, this isn't much of a concern unless regulations placed are unfair and don't help the consumers in any way.

[MintDice]

Regulation doesn't equate to a complete undermining of the cryptoworld. For example, most consider Japan as a crypto-friendly nation and they also happen to be one with significant regulations on their exchange platforms. Overall, the gov't sees crypto as a beneficial for their interests, sure, but with certain regulations they are also able to protect their citizens from fraud. It CAN be a win-win situation if done right.

[Skieleton]

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 ?

You can not regulate cryptocurrencies. The only option to create a token that will do this is suitable. BTC was first. This is the idea of cryptocurrency.

[siagh357]

Regulations of bitcoin by governments will boost people faith in bitcoin and drive more investors to it. This demand will help bitcoin price to increase. With this regulations, will enable the crime rate with bitcoin to reduce

[walemil]

I used to have great dislike for the attempt of government to regulate cryptocurrency. Now I am beginning to like the idea as it may do more good than harm. A huge sum of money is lost to  scam on daily basis and with no trace. This is the kind of thing that is impossible in a well regulated system. Though government will be able to earn taxes but it is incomparable to what has been lost to scam

[eternalgloom]

Regulations are bullshit. It's just an excuse to control your money. Because cryptocoins are outside the government taxes reach, they are trying to get some for them.

This is an agenda of socialist states. That's all.

Our cryptomoney is OURS only. Don't let the government get them.

I don't agree with this at all and you mentioning 'socialist states' doesn't make me want to believe you either.

I think it's fairly logical that crypto should be somewhat regulated, regulations aren't always a bad thing.
Especially when you see how successful it could be to get some form of regulations for cryptocurrency.

Take Japan as an example, crypto is booming there since they've issued clear regulations for crypto.

Regulations shouldn't be draconian, but should provide us with clear guidelines on how crypto is taxed and possibly add rules for tax exemption in some cases (for long term investments for example).

I have no problem paying taxes, there are enough public expenses that I'll gladly pay for.

Sources:
http://www.atimes.com/article/survey-shows-japans-crypto-sector-continues-boom/
http://bitcoinist.com/bitcoin-boom-japan-97-billion-one-month/

[Syunusa]

It will be nice if government can regulate bitcoin as it will solve the issue of money laundering and it will bring cooperation between bitcoin and govenment

[Washball]

Since bitcoin was created as a decentralized cryptocurrency, meaning authorities should not be involved, there should be no need for regulations. However, authorities want to keep control and take their share by tax. To protect the consumer that is...
On the other hand, with so many scams, perhaps it's bettee to have regulations. Since we do not self regulate.