Will bitcoin go under regulation

[Virtual miner]

Many government are seeing Bitcoin or cryptocurrency as a threat to their financial system and they think it should be regulated to solve the problem. Do you think they can regulate Bitcoin ?

Regulation of bitcoin is not an easy task to be accomplished. The crypto space is vast and is spread beyond infinite limits. To put a control around such a vast space is not an overnight phenomenon, for sure. It needs time to get accomplished. Governments worldwide are not ready to yet to accomplish such a huge task. But of course the issue is under so many controversies as of now and different issues like:

-legality of the bitcoin
-taxation of bitcoin
-regulation of the crypto exchanges, etc. are being raised in the market space.

So what I think regulation once done, won't be bad for the market. So it would be a watchdog against all the scammers that have come forward to defraud the innocent peeps!

[1714859673]

1714859673

[wewe123]

It is design from the beginning that bitcoin is a decentralized type of digital currency , and it run as independent from any offices in the government or bureau that are given authority to regulate any business which are under the government and bitcoin is not under any government totally because some countries are going into cryptos.

[demonist]

Government cannot be regulated Bitcoin. too hasty if the government set the bitcoin and would misstep if they did not know about bitcoin and blockchain.The market should regulate its price and all. but now a large amount of bitcoin is in the hands of a small circle of people, and if they agree they will be able to influence its price

[Budugbass]

the government can regulate the circulation and use of digital currency to become more controlled. the government can play an active role in regulating the regulation of crypto and the impact on an increasing economy. cyrpto very vulnerable misused and thus require crypto legality and legal order can be beneficial for everyone.

If indeed the country really insists on having high intention to accept crypto... all will be more protected and will be further from scams until advance its citizens towards the more advanced, including financial problem. This is supposed to be done, but it has not been fully seen until now, there are still many out there who really opposes it, it's still in the big question mark between accepting it or continuing to oppose it because of certain risks.

[artichandra]

Many government are seeing Bitcoin or cryptocurrency as a threat to their financial system and they think it should be regulated to solve the problem. Do you think they can regulate Bitcoin ?

Bitcoin or maybe all cryptocurrency will get banned if government realize they didn't see anything benefit toward cryptocurrency only giving them many disadvantage. Hopefully my country didn't banned bitcoin.

[Jolozxc]

It's been a long time ago issue but I think I until now theres no way they can control or regulate the bitcoin. I think they want to regulate it because they saw a great potential from it or yes a big threat to each country financial system. But based on some articles I read there government really can't regulate it.

[rh72]

I think that is possible. Bitcoin under regulation will make for transactio  will be better and make many people interested in bitcoin because there is regulation clearly.

[Arwinkim]

Many government are seeing Bitcoin or cryptocurrency as a threat to their financial system and they think it should be regulated to solve the problem. Do you think they can regulate Bitcoin ?

They should regulate Bitcoin to prevent money laundering. Decentralized doesn't always mean ignoring safety because of its anonymous system. Honestly, I don't think Bitcoin should be treated as a threat because its influence to financial system is not really that strong and worrying. Centralized financial system is too big to fight. Instead of thinking Bitcoin as a threat, why don't we offer its blockchain technology for them to adapt? I believe products generated by traditional financial system and blockchain combined can make a better financial world efficient, easier, and even cheaper.

[richchard3]

Well, it cannot be unregulated forever, someday bitcoin will go under regulations, as more and more country thinking about it. There are other factors such as scams, money laundry and terrorism financing. Regulating cryptocurrency may have disadvantages but the advantages too can't be ignored.

[dany23]

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[nguyenduc474616@gmail.com]

They only provide Bitcoin's information and regulators who hold Bitcoin as they continually sell it, which will drastically cut Bitcoin prices.

[sukatuku]

Bitcoin will not be able to follow the rules, regulations may diminish the value of Bitcoin, the rules governing the use of Bitcoin as a means of trading that may be used outside of the main currency. If Bitcoin is not available, no rules will be enforceable. Because the value or price of Bitcoin is not affected by the rules applied in a country

[fianaindriati]

if indeed the country wants to enforce the rules and to be able to set the bitcoin, I feel it's all tough to happen. especially now that the longer the bitcoin is increasing, but for now the bitcoin is still in a state of decline. so the longer managing the bitcoin is quite difficult.

[fritzwalter195]

it is already under regulation in many countries

[Samaaliu]

Bitcoin was designed to be decentralized P2P platform transactions without intermediaries. If it bitcoin becomes regulated, I am afraid the government may want to start seeking other ways to monitor the transactions that go on with bitcoins or exchanges. My thought though.

[MartinAK]

I think bitcoin can not be regulated by government, this is because the internet can not be restricted by government policies. I really wonder why people think bitcoin is a threat to government and by so doing they might regulate its usage. But from my perspective i see it as a good opportunity for government to endorse it to better the life of its country members.

[JPage]

Governments could not regulate Bitcoin directly IMO, but to do it indirectly, sure, they can have big influence to the market.

The government of any country wants to get money from people for nothing. The same with Bitcoin, You earn it, you study it, and you must pay them? For what?

[Mersterious]

if bitcoin is limited to assets and commodities like investing in stocks, bitcoins need to be under state regulation because it seems like it will be good for the country and all parties.

[shashkova]

probably not. it is made t o be decentralized. not for one authority to control. probably not gonna happen

[TontomHit]

Governments could intervene Bitcoin easily by banning crypto related websites, centralized exchanges, ICO-s. So if they want, they can cause some negative effects. Hope if they make regulations, they do it smart, and fair.