Will bitcoin go under regulation

[Ezenwanyi1]

Bitcoin is a decentralized virtual currency.
It can only be regulated if the structure is changed from decentralized to centralized.

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[Genamant]

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 ?

It will be hard but i think regulation will be coming in the future for bitcoin. It won't be drastic but 7 think it will come. But majority will be on the coin exchanges as they can track the bad guys. But i am only speculating here...

[sintecan]

the government can create its own crypto currency so that all crypto transactions made can be watched, and this will also benefit the government because they can assign taxes applicable to each cryptocurrency transaction.

[regnidorhcs]

I think regulations will be good for Bitcoin and the crypto currency world. I think that regulations will help the governments and big financial institutions to understand and manage Bitcoin better. They will also be able protect their people from those fraudsters and scammers who are using Bitcoin, alt coins and ICOs to take advantage of some people. I believe that once that happens, people will have more confidence on cryptos so it is easier for them to invest on it.

[honey7]

It will not ever. It cannot be controlled by the govt.

[Crystal24]

I dont think its possible now . Maybe in the future it wil be under regulation.
Its not just possible now because of the decentralized structure of blockchain ecosystem.

[Captainhoook01]

It cannot be regulated and that's the whole point of Bitcoin, to be free from government regulation and manipulation. The value of Bitcoin has surged this high based on this one selling point alone.

Actually bitcoin is under regulation in other big countries now, but most of the countries are still just planning to do it but I think it will take some time to happen but there is a possibility it will happen soon.

I think this is a big advantages for people who invested on bitcoin and other cryptocurrency if happens that the government will regulate no more huge fluctuation that market may encounter.

[Yoo]

to can regulate bitcoin, the government takes a long time. besides the government must create new rules that can regulate bitcoin.
Perhaps the government will also make tax rules for bitcoin owners. well this will be difficult for the government to can regulate bitcoin.

[ChaChaiTL]

f governments accept bitcoins as well as they provide a legal framework for bitcoin to work and be able to comply to contribute to a more stable bitcoin then bitcoin will be Compliance with the convention defines them as collective

[RudeeTam]

Yes they can if they wanted to. They are the government anyway. As long as they approve a bill then it is law. And regulating bitcoin is a long time coming. The amount of cash flow bitcoin is getting everyday will certainly get the attention of someone in the government, especially when tax is to be gained from it. We can't stop it cause such is progress.

[HasiViraj]

Bitcoin can be under direction, this must be dictated by a nation. The direction can be that, the utilization of bitcoin as a methods for monetary exchanges that can be utilized as a part of expansion to the official cash held in the nation, however for bitcoin esteem can't be under any control. This is on account of the esteem or bitcoin cost isn't influenced by the direction that is connected in a nation, however the bitcoin cost is affected by a few factors, for example, bitcoin impacted by free market activity in the market. In the event that numerous individuals purchase Bitcoin with a lot of Bitcoin costs will take off up. On the other hand, if numerous bitcoin clients are offering Bitcoin then bitcoin costs may drop strongly and quick.

[riyarana1123]

I seriously don't think so that it will happen because the GOVERNMENT of a single nation can not control the BITCOIN as it is a digital currency and control by the INTERNET so its not possible for a single government to regulate the bitcoin.However, if the whole world want to regulate the bitcoin only then it can be possible.Moreover, it take some more years for bitcoin to regulate by the whole world.Government can only control the earning which is generated by the bitcoin and other crypto currency when people exchange their bitcoin in the fiat currency at that time it is actually possible.And that is also a time when government also earn income from the bitcoin investors by imposing tax on them.

[dungthuy]

The core nature of bitcoin is to be decentralized, so I don’t think it gonna be under any regulation or it won’t be bitcoin anymore. The goverment always try to manage what they cannot control, and bitcoin might be affected by authorities’s movement but it won’t be regulated

[Acid_Laserz]

eventually it might have some regulations

[hubballi]

Bitcoin is a universal free to mine coin and it. Cannot be regulated by a single government. It can be regulated by respective country government as per their policy.

[Varcoe]

Bitcoins appeal is anonymity and the fact it's not regulated. If it becomes regulated I feel like bitcoin would die.

[indoagung88]

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 ?

Yes. Government authorities will regulate bitcoin. In a recently published article by a IMF deputy director; Mr. Dong He, there is a recommendation to regulate cryptocurrency in order to prevent regulatory arbitrage and unfair competitive advantage. I think governments will follow this recommendation and regulate bitcoin.
Actually there is no way to regulate bitcoin blockchain, what governments can regulate is the places where cryptocurrency are exchanged into fiat currency. i.e. Fiat/crypto exchanges

I agree with your explanation. and again I want to say that bitcoin can not be set. that's the reality that is on the blockchain system.
thanks for the description. may be useful

[peacefulpeace]

i think thats the issue the government is having with bitcoin, the government always want to regulate the way things are done in a sovereign system and its for the betterment of the citizenry. For bitcoin, the government will definately gain control over the digital currency else it will affect it acceptability worldwide. For bitcoin to achieve it objective of been the world first digital currency, the government must be involved in it.

[Marry Finch]

As we can see, bitcoin has already become part of the financial system. It affects the world economy and plans to strengthen its positions.
I think that central banks will emit and regulate crypto-currencies. This will help reduce the amount of cash, control illegal transactions, identify senders and recipients of crypto-currency transactions.

[Shiro21]

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 will never be under regulation, the Government must make its own digital currency if it wants to control it. The purpose of the bitcoin system created by Satoshi is that all bitcoin users can make transactions without government interference.