Regulation of Bitcoin

[3acaga]

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 moment, the third part of all bitcoins are in the purses of the miners from China. How do you think who regulates bitcoin for now?
Not so many people own bitcoin to say that he can not be regulated by anyone !!!

[Winterwood21]

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 ?

bitcoin can never be regulated by the government because the original purpose of its creation is to make a currency free from intervention from any party, the system can only be controlled by blockchain. But all transactions are public and transparent so if crime rates with bitcoin tend to be small.
The way the government can do is they have to make their own digital currency so they can regulate and monitor it, this trend has also started to be done in some countries in europe.

[gorokill]

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 ?

They can never set it in the base layer. It is likely to have a negative effect on prices in the short term. The only thing the government can do is set the exchange traded by Bitcoin. But the long run will be bullish because Bitcoin will be more legitimized as an asset.

[Offece]

We get to listen of the strive of the authorities to regulate bitcoin and different cryptocurrencies handiest while the fee is booming. once there may be a prolonged bearish market, the whole lot dies down. i am starting to assume there's an ulterior reason at the back of this law talks.

[nydiacaskey01]

When we start to hear the word "regulation" we cringe, we try to look the other way and say we don't like Bitcoin to be regulated because it beats the purpose of transacting in full anonymity, however, when we hear of someone getting scammed, we want full investigation and wants the authorities to step in to put the culprit behind bars. So what direction do we really want Bitcoin to go?

[dgoswami12]

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 ?

Look regulations are needed but clean regulation , many government regulate only for their own profit that is really bad. You need to pay taxes for what you profit in Crypto because if crypto is not taxable amount , then in fiture one day will come when everybody will invest in crypto to get free from taxes , and that will be very bad and the economy of the country will collapse . So the best solution for all government is to announce Crypto as a legal tender and making it taxable assets but too much regulation can kill Crypto and i dont think there will be any price effect on crypto for regulation as far as regulation is simple not too much complex.

[GG_Maker]

There are a couple of ways in which government intervention can influence the price of cryptocurrencies. First, governments can regulate the price of assets, such as fiat currencies, through buying and selling actions in international markets. Second, they can tamp down excessive enthusiasm for an asset class by saddling it with regulations that increase the cost of doing business. An example of this approach is bitcoin regulation being considered across various states in the United States. Most states require surety bonds or an equivalent amount in fiat currency for cryptocurrency exchanges within their jurisdictions. Finally, governments can also make the asset scarce by imposing controls on it. An example of this is the case of gold, which has import restrictions in several countries.

All three types of actions have the potential to fail in the case of bitcoin and cryptocurrencies. This is because cryptocurrencies are extra-national and have decentralized ledgers that are spread across multiple countries. Their regulation will require a well-coordinated effort across several economies. This might be a difficult task, given varying levels of interest in cryptocurrencies and their impact on national economies in different places.

[Phil315]

I would prefer Bitcoin to remain unregulated as it is. Regulating it puts it under the governments control again. I don't think this may be a good idea.

[Ahsan Aly]

Regulation is part of government involvement in our money. I think Crypto should be independent and pure. This is just my perception.  

[Ramonranger]

Regulating Bitcoin is a win win solution to both government and developher of BITCOIN;

Bitcoin has a good reputation when regulated by government thru their economy which make people understand that bitcoin is more secured in dealing with transaction with the help of government anti-hackers and etc.

[bere1993]

I think regulation on cryptocurrencies like bitcoin has advantages as well as disadvantages. Suppose you send a huge sum of money using bitcoin and you get to know its completely scam, you have to stay silent without doing nothing as there is no any regulation, you cant seek government assurance. This made me to think that regulation is quite good. But on the other hand you will have to pay more and more taxes if there is a regulation.

[Ava Duvall]

Regulations?  In other hand its a taxes!  They just trying to make regulations just to make an excuses,  because your cryptomoney is not a goverment controlled!  They just want money from us goverment do not want if they do not controlled it which means they want a taxes from it!

I don't agree. taxes are our duty and as citizen of a country we pay for different  expenses. Regulations on the other hand are sets of rules to abide by, yes some fees will be applied where necessary but those aren't taxes .

[renc77]

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 ?

If that's the case, I believe the government want to be part of this famous digital currency. They want it to control as their power dominates in this system. Moreover, the manipulation of the government about Bitcoin could lead into various digital issues like corruption.

However, it is quite good on the other perspective.
The government has the power to protect citizens and even netizens. If they can make a good regulation and laws that will follow by the society, it will lessen the cases of cybercrime here in cyberspace.

[Sbdip]

Think positive.. Regulations are means that that country is indirectly legalising the crypto currency..  And to becone legal from illegal is better.. As we have seen india banned crypto. but thinking about regulate it. That means they are indirectly legalising it.

[Doctor4You]

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.

Right. This is what I always think about when it comes to regulation. It does have certain benefits.

[Raiden0729]

I consider controls bitcoin will oversee how bitcoin will spread among the general population so they don't need to stress over bitcoin itself. other than that, this will makes bitcoin as another component of advanced money and bitcoin can develop more than before in light of the fact that the legislature at long last backings bitcoin as well. perhaps after the controls are executed, this will be an approach to forestall bitcoin for unlawful movement in light of the fact that on the off chance that we break the directions, we can get correctional facility or discipline from the law.

[Pattart]

When we start to hear the word "regulation" we cringe, we try to look the other way and say we don't like Bitcoin to be regulated because it beats the purpose of transacting in full anonymity, however, when we hear of someone getting scammed, we want full investigation and wants the authorities to step in to put the culprit behind bars. So what direction do we really want Bitcoin to go?

Lol yeah is awry, the user wants bitcoin to remain anonymous but they also want the existing regulation so bitcoin usage can be easier, but they we know that the government would want a condition like verification. yeah it's hard to do because every party wants a condition..

[snaper14]

I do believe that regulations would bring more benefits especially to the btc as when a country regulates it, thats mean that they do officially accept btc and make it legal. The prices would be more healthier and dumps or pumps would be decreased.

[universal3ee]

There will be 2 scenario, the first one will be the people that like bitcoin will like bitcoin more as it is less scam and drama happening in the crypto space, the second will be it will affect many investors or bitcoin users in leaving bitcoin due to the rules that will affect them in their countries and make bitcoin difficult to be trade in their country.

[melted349]

When we start to hear the word "regulation" we cringe, we try to look the other way and say we don't like Bitcoin to be regulated because it beats the purpose of transacting in full anonymity, however, when we hear of someone getting scammed, we want full investigation and wants the authorities to step in to put the culprit behind bars. So what direction do we really want Bitcoin to go?

Lol yeah is awry, the user wants bitcoin to remain anonymous but they also want the existing regulation so bitcoin usage can be easier, but they we know that the government would want a condition like verification. yeah it's hard to do because every party wants a condition..

that was right what the both side needs some condition that are pretty good to say that they are been made to be as the thing that we can be used in anywhere or as the easiest thing that we can ever have to use for so better be have some condition of being stable for on how is this can be used for.