franciscoDC
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June 03, 2018, 02:04:46 PM |
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For me its depends only in currently situation,but not all banks was scared in bitcoin like my country which is the Philippines our banks was looking to use it for good and also many branches here was tottaly accepted bitcoin as a payment method.
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Javanewstar
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The Experience Layer of the Decentralized Internet
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June 03, 2018, 02:06:13 PM |
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Bitcoin is certain to be regulated, but for now, there is a positive attitude towards it, so don't worry too much.
However, countries are not friendly to ICO and altcoin.
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leostrong.mo
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June 03, 2018, 02:14:24 PM |
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Because BTC is used by some criminals to launder money or carry out other criminal activities! BTC is forbidden by the governments of many countries!
If BTC and some cryptocurrencies are supervised, BTC may be protected by law in these countries!
This is beneficial to the development of BTC!
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beliomir
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June 03, 2018, 02:24:48 PM |
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I think that bitcoin will be regulated by the states, since if regulation will include new investors
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Musia
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June 03, 2018, 02:31:25 PM |
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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 ?
I also think you have an interesting statement about this. But I'll add from myself too. Yes bitcoin will soon have to be regulated and again become more stable. |
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nebuch
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June 03, 2018, 02:39:01 PM |
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Yes in their own particular area but not all over the world. Regulating bitcoin is possible but impossible to implement all over the world for there are different kinds of culture and traditions all over the world. Government is not the same and also the citizens have different capacity to think about crypto.
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Sexie
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June 03, 2018, 02:42:44 PM |
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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 ?
As of now, I never heard yet any country that regulates Bitcoin or even the central bank. They are still studying about it, if they are going to regulate it. What if some investors of Bitcoin are government employees? Are they going to declare their assets as crypto? I dont think so that government can be trusted regarding your investment or assets in Bitcoin . Because even just in bank alone, your money been taxed accordingly. |
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LeGaulois
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Top Crypto Casino
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June 03, 2018, 02:44:17 PM |
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Seeing how is the crypto industry currently I don't think there is a need to regulate the market. Perhaps once cryptos become mainstream then "maybe" it will be needed. What we need to consider is that basically cryptocurrencies are created to avoid banks, govt., regulations, etc.
So I would say it goes against the crypto ideology
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lynttrs
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June 03, 2018, 02:45:58 PM |
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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 ?
Seeing the popularity and uprise of bitcoin, it’s a natural response for the government to consider implementing regulations. Some countries have already done so. But with the technology behind bitcoin, there are limits to what they can regulate. There is still some degree of freedom for the crypto world unless the government totally declares it against the law. |
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chidrawarster
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June 03, 2018, 02:52:16 PM |
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If the btc goes through the kYC procedures only then it can be regulated and can then gel with the government procedures. But i still see some ray of hope that in the future btc will be regulated which in turn can increase the countries economies and then also provide more usage of btc as well globally.I myself want btc to be regulated so that we can trade safely without any hassles in the mind.
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rawr1620
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June 03, 2018, 03:00:12 PM |
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they cannot regulate bitcoin even if it s a threat in their finance in their country rather they can make laws that insinuate that bitcoins are illegal to transact or use in their country
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thepers0n
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June 03, 2018, 06:56:49 PM |
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The future can be changed and future of bitcoin too. I don't think that governments will control them. Crypto currency can become an alternative to real money but they need to save their principles
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ronnis.gomes
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June 03, 2018, 07:09:01 PM |
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It is difficult to predict how regulations will affect the crypto market. There is a need for some sort of regulation, but this can not suffocate and bring difficult rules to be fulfilled in order not to end this innovative market
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jak3
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June 03, 2018, 07:12:36 PM |
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of course not. The point is not about can they regulate this technology or not but the real deal is that is they are worth to do business anymore because everyone's point of view has changed and now they really have a second or third option at everything even at payment.It clearly shows they have to change there way of thinking instead of trying to make the competitor bad. Competition is like giving a better stuff than your competitor at a better situation.
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Reagan_alvaro
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June 03, 2018, 07:23:25 PM |
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I think there is no rule that can set the bitcoin
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chillitabit
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June 03, 2018, 07:30:49 PM |
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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 ?
I'm not sure how they would regulate bitcoin, all I can think of is that the transfer between bitcoin and fiat will be regulated, which is already taking place and is fine with me. |
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Your Point Is Invalid
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June 03, 2018, 07:31:37 PM |
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It's essentially impossible and useless to regulate bitcoin, the thing is that its near impossible for the government to track transactions therefore they wont know who has bitcoin and who deosn't.With the current decentralized system that we have, it cannot be done.
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FeatherFan
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June 03, 2018, 07:39:55 PM |
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I do not think any government can manage bitcoin, because the way bitcoin works with the internet and runs in a blockchain network. blockhcain technology can not be governed by the government because blockchain is decentralized. so what the government can do is to legalize the bitcoin / cryptocurrency in the country.
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Abdullah.dhariwal
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June 03, 2018, 07:44:38 PM |
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Bitcoin itself can not be controlled or regulated. governments can only regulate exchanges on which we are trading bitcoin and other thousands of crypto currencies.
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kojoannan
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June 03, 2018, 07:58:50 PM |
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It is possible for government to regulate bitcoins and all other cryptocurrency if it is convince it will be a threat to its fiscal and monetary policies. It will be very easy for government to do that. Chasing exchanges out of business and even banning or crypto related website in its jurisdiction can force people to accept regulations from government.
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