Regulation of Bitcoin

[Cofee.BLUE]

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 believe that f government do some actions regards to bitcoin regulations, for sure that will be the assurance that it will comes with the taxes issue because this is the government wanted to do in cryptosystem, to put some taxes to the people which is actually means that if it's happened our financially freedom that we have in here are definitely disappear because our earning profit are now controlled by the government so it has a big effects to us.

[r32godzilla]

Yes.Without regulation,no government would be ready to allow bitcoin in to their country as it would be otherwise just like a suicide.But we need not worry about such regulation since we could see Japan as a setting example of successfully contributing to bitcoin by regulation.Regulation might affect the price temporarily but in long term,it would only help increase bitcoin price.

[Superways]

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 ?

Now no more regulations will be done by the governments to harm bitcoin. After the G20 summit they will prepare a list for the rules which will used by the country for bitcoin who want to work with bitcoin and that rules will not be against bitcoin but they will be implemented in a way that the crypto start working in a country in a better way so that not even the users of bitcoin face any hard time.

[Moblie_Legend]

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 ?

indeed regulation can affect the price because maybe its development is regulated and limited but if I feel safe and profitable for the investors it might also be better

[bocyaj]

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 of bitcoin is very good one.At first,if bitcoin is regulated .You can show it as a source of income and pay for the tax.Once it regulated.Many money holding people will inverse in bitcoin.When the demand of certain product is increased.It directly increase the price of that product.

[Rubick99]

I don't think about regulation in every country, at least they will be accepted cryptocurrencies in their country. If I hear news about banning bitcoin in a country, I will not be thinking a lot. I believe cryptocurrencies will be accepted in world wide. But, I don't know it will be.

[Al-e_x]

the government can not regulate and control blockchain system and crypto volatility, but government regulation can help to stabilize the market and also make preventive measures when crypto is used to commit criminal acts.

[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.

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.

and what's the problem with that?

[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.

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/

don't mistake "regulations" with "moral laws". It's not the same thing.

Regulations is the kind of law where the state control the regulated thing through a lot of limitations and fees. Moral laws only make some rules so people can do that thing better.
Regulations stop the free market capitalism, harming it and taking out the individuals freedom. Moral laws protect the individuals and moralize the capitalism.

For example, regulations at Brazil restrict telephonic companies with a couple of rules which they need to follow so they can start to sell. These rules are arbitrarian and only benefits big companies, letting small companies die, because they can't compete. If the laws were only moral, the rules would be minimal to protect the CONSUMER and the fair competition. not the big companies.

Yes, socialists states like to use regulations to control everything. They are doing this at many countries, including here in Brazil. Don't underestimate them.

[GaryCynthia]

may governments want's to regulate it, but it is the beauty of cryptocurrency that it's not regulated and free at the same time. regulation will harm it i guess.

[mlsbd]

To justify taking away your choices because of what you 'might' do in the future/pre crimes.Even taking street drugs is only statute violation it is not UNLAWFUL as there is no injured party.

[Nelly.G0211]

i think regulations like everything has its advantages and disadvantages. If we talk about advantages, regulations will provide safety for fair investors. ICO will be more responsible and hopefully we'll see much less scam ICOs than we do now. Although the worst disadvantage of regulations is that crypto world will be controlled by "Big Brother", the freedom of this new crypto world will definitely become limited.

[LadyCoin]

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 ?

The attention of governments and financial regulators around the world to try to regulate Bitcoin and other cryptocurrencies greatly affects bitcoin prices. Because the tightening of rules usually makes investors rush to sell coins owned, thus creating price instability and wild changes in the market. Drastic policy changes can have a major impact on the direction of short-term price movements. While in the long run, the impact may be different from the short-term effect rhythm.

[isaac_67]

Nowadays many countries are accepting btc based on this they may apply some rules and regulations which may affect on price because if they accept the price of btc will increase because many people can use this also govt. can charge tax so that they will earn money also befits & their economy will improve too.

[rodel caling]

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 ?

Always i answer every time asking mine about regulation for the crypto currency i'm not favor on that idea but if regulation are the solution for the cryptocurrency become stable and legal at all countries worldwide.
 

[bitvalak]

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 ?

as long as there is blockchain, I think it would be useless to give regulation to bitcoin. Because basically all the databases are in the blockchain ledger.
Slightly a lot of regulation will also affect the price changes, moreover until now no bitcoin balance price has been found because price fluctuations are still very sharp. There is still a possibility for the price to go up or down.

[ladydark]

Regulation would be the only way which would lead to mass adoption and we have already seen this in Japan.I would say that regulation is far better than completely banning bitcoin.Regulation would make even the traditional investors to invest in bitcoin.

[cah ndablek]

The rule in my opinion is a new policy that must be made by governments for that communities to comply so when the government does not formalize the existence of bitcoin automatically people do not dare use digital currency as payment process in that country.

[dragoz11]

if the governmetns issue some regulations about btc than the price will become more stable in my opinion and people would have much more confidence in market as it will be officially regulated.

[jobel]

according to this statement the bitcoin are already registered at sec?

After months of rumors that US financial regulators might come for cryptocurrencies, the Security and Exchange Commission (SEC) has issued dozens of subpoenas (paywall) and information requests to companies involved in crypto markets.

In a statement today (March 7), the SEC argued that digital assets, like coins and tokens offered and sold in initial coin offerings (ICOs), fall within the definition of a “security” under US security laws.