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Author Topic: Will bitcoin go under regulation  (Read 211082 times)
paulk11087
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June 05, 2018, 07:32:16 PM
 #121

I think it would be better for everyone to go to an arrangement on security. We both feel more comfortable with our users and are more legally legalized by governments.
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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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June 05, 2018, 07:33:17 PM
 #122

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 are the government so they do whatever they want. They can't control bitcoin and it's blockchain? well their solution will be regulation.
So that's an obvious answer to say that they can regulate bitcoin, not the entire blockchain system but the people who are using it can go under their rules.

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bananaunana
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June 05, 2018, 08:04:03 PM
 #123

Some countries government are always against bitcoin because they feel if bitcoin available in the market then they will destroy the economy system. But some countries are also accept bitcoin but bitcoin honor those countries regulation.
This is true, I think there will be some countries agitate very agressive against Bitcoin and other countries are very open to it.
You can see it already that some contries have big restrictions against Bitcoin and other crypto currencies.
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June 05, 2018, 08:30:18 PM
 #124

Seeing cryptocurrency as a threat may not just be the reason for the government to attempt to regulate cryptocurrency. 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.
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June 05, 2018, 08:36:26 PM
 #125

Well, it cannot be unregulated forever, someday bitcoin will go under regulations, as more and more country thinking about it. I believe if its go under regulation, more and more people will have trust in it and value will increase like crazy.

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June 05, 2018, 08:37:17 PM
 #126

Bitcoin being regulated is the next and the impossible option to the authority and government because bitcoin as a highly decentralized digital currency can never be control and at that what you don't have control over you can regulate its activities. Bitcoin is above the world government and the financial revolution in the world financial system.
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June 05, 2018, 08:55:45 PM
 #127

the government will not be able to control the system and the workings of bitcoin. the government can only limit, and also manage from outside the blockchain system. such as maintaining the popularity of bitcoin, and also make preventive rules not to be used as a criminal tool.

the regulation also helps bitcoin to be stable, but regulation cannot cure bearish market.
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June 05, 2018, 09:11:01 PM
 #128

I think it should be regulated because bitcoin is a threat for conventional financial systems. But the regulation should be carefully designed to avoid the market growth of these innovations. The regulation regulates in such a way that are needed to make it easier for people to trust bitcoin as a digital investment asset.
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June 05, 2018, 09:18:39 PM
 #129

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 think it's still possible to regulate the use of Bitcoin as well as to regulate other financial instruments. Just like the dollar, Bitcoin can be used for various purposes, some of which may be considered legal or illegal depending on the laws of a country. Related to that, Bitcoin is no different from other devices or resources that must follow different rules in each country. Bitcoin can also be complicated by strict regulations, making it difficult to determine how many percent of users will keep using this technology. The government that prohibits Bitcoin will prevent its business and domestic market from growing, thereby shifting the chances of innovation to other countries. The challenge for policymakers, as it always does, is to develop efficient solutions without hindering the growth of newly emerging businesses and markets.
Ishiro5
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June 05, 2018, 09:22:43 PM
 #130

We would inevitably see some structures built around bitcoin as we progress, but maybe it would actually be regulation in the real sense of it, i doubt.
towi078
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June 05, 2018, 09:24:56 PM
 #131

By looking at the current situation or condition, there seems to be an attempt by the governments of many countries to make rules about crypto, especially bitcoin. Moreover, do they want to be able to control the development of bitcoin? I have no idea
Vart4varta
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June 05, 2018, 09:27:33 PM
 #132

Governments do not need to create a "ministry" to regulate crypto currency. However, we must provide business with the opportunity to raise money through these instruments and provide security guarantees to investors who want to invest in these financial instruments
gilangIDR
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June 05, 2018, 09:31:48 PM
 #133

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 ?
The government does have these traits, they still feel the fear of bitcoin price movements. Although bitcoin now has a very good reputation, but the government feels that very high bitcoin price volatility is a matter of course becomes a very serious issue. If there is to be a regulation there must be support from many governments, therefore the regulation made and determined by many countries will make the bitcoin position stronger and more stable.
Tylev
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June 05, 2018, 09:32:31 PM
 #134

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 ?
Governments can not interfere with the decentralized nature of bitcoin. The technology blockchein is designed in a way that will not allow it to do. The state can classify bitcoins and other crypto currency, determine the conditions for its circulation in the country, including its relations with other currencies and establish the conditions for its taxation. Such regulation of bitcoin is possible and quite acceptable.
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June 05, 2018, 10:40:42 PM
 #135

I think yes and I am not against to bitcoins under government. Because in my opinion it is good for us if this bitcoins will be on the government hands to make it legit. I think if this will happen government will gain the rights to control the price of this bitcoins that will make it stable.
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June 05, 2018, 11:20:44 PM
 #136

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 ?

Government can't control BTC net but can control people in own countries. It could be some laws and people will have to pay some tax for coins exchange and etc

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June 05, 2018, 11:37:51 PM
 #137

bitcoin can not be set by anyone, is individual.I think so that the government is not worried about the existence of bitcoin, the government should cooperate with cryptocurancy with the results of negotiations every government transaction gets a fee of several percent of cryptocurancy.
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June 05, 2018, 11:44:36 PM
 #138

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 ?

Government can't control BTC net but can control people in own countries. It could be some laws and people will have to pay some tax for coins exchange and etc
Yeah, they can't control bitcoin but they can make regulations that can affect the market of cryptocurrency in your place.
Government are too desperate to make a regulations so they can still collect taxes which they really need to improve their economy.
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June 06, 2018, 11:04:31 AM
 #139

Ecли кpиптoвaлютa, любaя, нe тoлькo Биткoйн, бyдeт yзaкoнeнa, тo этo пoдpaзyмeвaeт и peгyлиpoвaниe. Boпpoc в тoм, кaк этo peaлизoвaв, нe дoвeдя дo пoлнoгo aбcypдa или нe пepeкpывaют пoлнocтью вoздyx тeм, ктo нaxoдитcя в тeмe. Beдь, кaк гoвopилocь yжe, Биткoйн дeцeнтpaлизoвaннoй и в paмкax oднoгo гocyдapcтвa ocyщecтвлять кoнтpoль и peгyлиpoвaниe кaжeтcя пoчти нeвoзмoжным.
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June 06, 2018, 11:39:22 AM
 #140

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!
According to your logic, the government should ban Fiat money, as they also buy drugs and weapons. I believe that the regulation of cryptocurrency is not necessary otherwise the meaning of cryptocurrency ? might need a regulator with the entry of new companies on the ico
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