Regulation of Bitcoin

[letzdodiz]

By and by I don't figure directions would hurt bitcoin over the long haul given that individuals additionally need to discover a type of legitimate affirmation if on the off chance that they chose to make a plunge the universe of cryptographic forms of money. Here and now, bears would make an object out of it to influence it to look like directions spelt the fate for cryptographic forms of money when truth be told, it will really accomplish more great than hurt. Long haul, you'll see advancements in administrations since customer insurance would most likely be set up, bailing shoppers out if in the event that a 'hack' happens. Value shrewd, this isn't a lot of a worry unless directions put are unjustifiable and don't help the purchasers in any capacity.

[1714831470]

1714831470

[1714831470]

1714831470

[Lorna111]

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.

The issue on Regulation on Bitcoin is never ending concern by the business community, financial institution of the government with resistance on the Digital Crypto currency trading, the entry of Bitcoin or crypto currency in the market change the outlook of financial market trading. Yes, it does affect  the price value of Bitcoin, we had seen the ups and down of Bitcoin in the market preview. The good news is, there are some financial institution a bit liberal on Bitcoin as digital currency, with the growing numbers of investors coming in which indicate that Bitcoin is acceptable in the market.

[maxman190]

While authorities in most countries are only warning about the risks of investing in Bitcoin, and Canada and New York are only considering new regulatory measures, Russia's first developed country completely banned bitcoin, and China imposed serious restrictions in December. Although governments are trying to address the issues that bitcoin poses to them in different ways, they are afraid of digital currencies for the same reason.

[mrben77]

this widespread inability to understand the fundamental principles and capabilities of the bitcoin protocol can lead the authorities to decisions that will only harm their economic development without having any impact on criminal activity. One of the most obvious flaws in the patriotic actions of such countries as Russia, which seeks to protect its citizens from terrorists and money laundering, is the simple fact that the government can not enforce its demands.

[addeqt]

The government want almost everything around this world under their control. I am not saying that regulation is bad for the crypto, it is just not the nature of the blockchain technology and the bitcoin to be controlled by a group of people. The regulation could hit and shutdown some of the current startups and business involving crypto but some that are concrete enough and have big man behind could stand strong and face several policies and regulation required by the government. However, at the end of the day, the government have the last say to everything.

[dongosquad]

The government want almost everything around this world under their control. I am not saying that regulation is bad for the crypto, it is just not the nature of the blockchain technology and the bitcoin to be controlled by a group of people. The regulation could hit and shutdown some of the current startups and business involving crypto but some that are concrete enough and have big man behind could stand strong and face several policies and regulation required by the government. However, at the end of the day, the government have the last say to everything.

You are right, the government just wants to give protection to the country. They are concerned about the possible adverse effects of using cryptocurrency, so most governments limit the use of cryptocurrency. For me it does not matter although cryptocurrency is not allowed to be used as a means of payment, because for me it is more profitable to use it as an asset.

[Aryadwipanggah]

regulation will have no effect on bitcoin prices, as bitcoin prices are more influenced by the power of its buyers and sellers and some news about both positive and negative bitcoin.

[Bitfling]

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 make investor more relief and more confident. Regulation from government needed to make investor more calm because right now many scam in cryptomarket. Beside that, with regulation, government earn taxes from crypto trading

[Jihuny23]

I also prefer if the bitcoin is regulated. This will have an impact on the increasingly stable price of bitcoins. If bitcoin prices tend to be stable then investors will be more calm in investing bitcoin. I am also more pleased if bitcoin can eliminate its anonymous facility because of  to avoid crime transactions through bitcoin. I am very sad if bitcoin continues to be the cause of the irresponsible crime. I am sad if bitcoin name becomes bad because it is used by this responsible person. Hopefully, the news becomes true that bitcoin will be governed by world's official institutions.

[upinros]

If Bitcoin in each country has its own regulation will be many changes that can occur even the price will change. And I think the government will get a lot of profits with taxes as well because if they want to make the rules it is definitely with tax. Long-term, you will see developments in services because consumer protection may exist in place of helping consumers in terms of hacking. Price-wise, this is not much of a concern unless the regulations are placed unfairly and do not help the consumer in any way.

[arguelles84]

Swiss law presupposes minimal interference, with the exception of strict regulation of the exchange of crypto-currencies and anti-money-laundering policies. The somewhat more integrated approach of Russian regulators so far covers the exchange and storage of crypto-currencies, the ICO procedure and mining, but there is a possibility of introducing additional restrictions. Time will tell which approach will be more effective in the long term. To date, Switzerland - one of the most attractive jurisdictions for crypto-currency projects, which in Russia registered only about two dozen.

[taksrkanah]

The government imposed the rules only to get their share of the tax on the bitcoin exchange results not to ensure the security of bitcoin users and I think it was nothing more than greed.
After they are content to say bitcoin fraud, bitcoin is not a currency, bitcoins are not safe for investment, in the end they say bitcoin is part of the technology they have to accept, is not this hypocritical?

[DanyJr]

Government just want to find a suitable way to control bitcoin.

[samvel86]

At first glance, it seems to me that you can not say anything, but what I think deeply understands is that it is impossible to develop at this rate, but not to regulate it. It will also lead to cooperation with the government.

[Rakabel619]

Hello. in my opinion, if governments will try to stabilize the fifth of the money crypto, automatically and prices will be influenced. they will probably raise prices and will not fluctuate so much by increasing and lowering prices from heaven to earth and vice versa

[kaybounty]

Due to the fact that Bitcoin is decentralised and operates without the authority or administration of the state or the banks, some users have questioned its trustworthiness. This leads to various issues including concerns about taxation, circumvention of exchange control regulations, loss of fees for banks, and even a diminishing demand for local currencies. It is however the ease of use and low transaction costs that provide an attractive alternative to traditional banking.
As a result of these, governments of different countries are looking for a way to be in charge of crypto activities (regulations)

[awawo]

Well to regulate crypto currency is like making it to lose it original statues as a decentralized currency that is free from all other third party involvement, and which regulations is part of third party allowing the government to control and regulates it activities. The KYC software was base in that but bitcoin among other crypto can not be regulated.

[PacePay]

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 governments if want to regulate bitcoin for the use of their country then they have to do but in a way that they do not harm bitcoin and its features while if they are hostile to bitcoin and want to restrict bitcoin with their regulations then it is bad and they are giving harm to their country and to their people because they will deny them from the future success.

[AfterTheFork]

There has been concerns about the regulation of Cryptocurrencies for a long period of time that has led to governmental wars between cryptos and the governments especially BTC, i don't think cryptos will do well under regulations, the thrive on freedom and regulations will only limit their potentials and success. Cryptocurrencies were designed to exist and flourish in a decentralized manner, regulations may not do lots of good to any oth the cryptos including BTC

[tuturutmunding]

in my country there is currently no clear rule if people do bitcoin transactions. The government is concerned about the risks of using bitcoin due to the absence of a regularor of a responsible institution.