Regulation of Bitcoin

[yoseph]

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 ?

With the proposition of the governments, we are going to do away with the anonymity that we enjoy on the exchanges where we do most of our trading and they are going to tax the people accordingly. This regulations is all about getting money for the governments.

[jerrison]

bitcoin was not designed for any form of interference from the governmental agencies or even by financial backed law system but for it to stand alone and function on its own, the idea of regulation cannot be considered as it can not be influenced by anybody. thanks

[K.Tumpa]

I think so bitcoin can't regulate for crypto currency. It's the coin market of 1st crypto currency. Bitcoin earning many people. Many people knolage bitcoin.Thay are Part time income source bitcoin.They are student developing there life.So I there for Bitcoin can't regulation form the country.

[Sam San]

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 ?

With the proposition of the governments, we are going to do away with the anonymity that we enjoy on the exchanges where we do most of our trading and they are going to tax the people accordingly. This regulations is all about getting money for the governments.

this will continue until a massive fake KYC appears. this technology does not provide reliable identification of the person. Soon there will be more and more ways to destroy it.

[thepers0n]

Many countries restrict using of BTC because of  banking systems. I think Btc will lose its unique meaning if it is controlled so developers should save it

[cryptodalton]

If government's regulations are included then, what's the difference between bitcoin and fiat currency ?

[ayubadairo]

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.

[bungsoh]

If Bitcoin is meant to be officially regulated by government regulations, I think it's difficult (like gripping smoke).
I think that can be regulated is the exchange of bitcoin or another crypto. this is true in some countries. such as examples of KYC implementation for its users.

[Phlaser]

Government is just seeking ways to control the Cryproworld solely to their advantage. Time will tell what the regulations actually got to offer. The market will always be what it's meant to be, a decentralized platform.

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 ?

[0t3p0t]

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 governments can only regulate local and international cryptocurrency exchanges not cryptocurrency system as some of them are based on blockchain technology which is decentralized and from that it can never be controlled. I think governments must regulate ICO's rather than Bitcoin itself. Well, regulations of echanges and restrictions that may  disturb the investors or enthusiasts privacy would really affect it's price and market.

[creeps]

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 ?

Regulations will be fine for me since this mean that using cryptocurrency will be legal now to use in many countries. I think if cryptocurrency is highly regulated more investors will come since they are now confident about cryptocurrency and the price of good coins may continue to pump now.

[gbale]

in fact the government just needs to arrange it and take taxes from it without having to ban it. and any rules that come out will certainly affect the bitcoin price,

[greenvally]

Government cannot have full control over crypto currency. What they can do is imposing tax on it. This will also be a seal of legality and it'll inspire a lot of investors to invest in this field.

[Johnny_ric0]

In my opinion certain form of regulation can affect Bitcoin and other cryptocurrencies in a possitive way - states could just set the framework for these technologies, clear things according to taxes related to cryptocurrency world and force law, when neccesary to avoid scams. The total opposite is when state wants to ban all transactions with cryptocurrencies, although in my opinion there is zero chance, that every country in the world would have done this, because there are tons of money in this business and they want to get their share.

[yousuf123]

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.... 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.

[cotton ball]

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.... 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.

there will be a profit-reduction effect, different things will happen if the regulation has been made, we will not easily get 1 bitcoin for free because it will be deducted by the tax.

But you are right if that regulation will be the answer to consumer protection about any investment that takes place. I just hope the regulation will make all the positive activity in crypto become legal and there is no longer any restriction that can destroy the current price fluctuation structure as a result of government intervention.

[mktpromp]

Cryptocurrency can never be regulated. It is a decentralized network and all the transaction occurring here are anonymous. If government puts regulations here, then there might appear many changes in the market.

[Dudeperfect]

Well, Bitcoin is not something like any other innovation out there. It is based on the blockchain technology which relies on the principle of the decentralization. That means, the users are willing to control their own funds and they are willing to take the responsibility for it. There is no practical reason or the way to regulate Bitcoin. However, governments can always regulate the exchanges and pressurize them to share the user's data.

[primarydumz]

I think regulation of bitcoin is good, its an opportunity, there are investors who only invest in pre-regulated financial company, it attract them to invest. But it should be regulated in a good way, where everyone can benefit from it.

[Kavee]

With the growth of demand for cryptocurrencies, global regulators are divided on how to keep up. Most digital currencies are not regulated by any central government, hence each country has different standards.

Each seemingly small announcement on regulation has driven the price of bitcoin and other cryptocurrencies in this year.

The legal tender on the point of view of bitcoin depends on the particular country. On its exchange policy, there is no global regulator exists at the moment.