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Author Topic: Will bitcoin go under regulation  (Read 211082 times)
marginal
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June 29, 2018, 03:22:07 PM
 #401

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 will happen very soon, because everybody in the world attention just in concentrated on the soccer World Cup and when it would be ended they would return their attention on cryptocurrencies.
Coinlover9
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June 29, 2018, 03:24:36 PM
 #402

If we want it to become part of the mainstream it has o go through some proper regulations otherwise I don't think other big institutions would integrate it among themselves and they would continue to raise barriers against it's growth.we have to find a middle ground.
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June 29, 2018, 03:27:10 PM
 #403

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 ?
More and more are adopting to Bitcoin and other types of cryptocurrencies. they have a thing called KYC ( Know your customer ) Policy so you can sell your crypto into fiat or what kind of currency do you have in your place.  there are good and bad sides on applying a KYC Policy making the Government won on making Bitcoin kinda centralized for a bit. and the bad sides are  since they have the control over the transactions *Local wallet if there is one*.
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June 29, 2018, 03:29:51 PM
 #404

The regulation made not to regulate the bitcoin price in the market is sufficient.The regulation regulates the things that are needed to make it easier for people to trust bitcoin as a digital investment asset.Some government wants to go with the bitcoin.So bitcoin can be legalized.The problem also really does not come for granted but there is always a cause first. So we must respect the opinion of the government who wants to set the bitcoin.




I think the Government always sees bitcoin as having a threat to the global financial system, so that's why they will not stop until they succeed in managing it.
And I think for bitcoin to get global approval some rules should be implemented by different governments.
leoasdnedc
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June 30, 2018, 12:04:28 AM
 #405

The reason for under regulation of bitcoin is due to financial concept and due to income from trading people.It's already getting regulated in some countries.
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June 30, 2018, 12:46:54 AM
 #406

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 ?

To a certain extent, yes. As a matter of fact, there are already countries where there are certain regulatory measures installed for Bitcoin and cryptocurrency and any related activities and businesses. But if you mean to regulate Bitcoin itself and not its circulation and usage, it is not possible. Bitcoin is an independent entity that is not in any way under the authority of any government.

 
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rollingstorm45
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June 30, 2018, 01:00:02 AM
 #407

wait for it to happen, because patience with the movement of bitcoin may be sweet fruit
I always wait for a big surprise from bitcoin, and hopefully Bitcoin will be regulated in the law for the next few years

specsmuluk
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June 30, 2018, 01:00:24 AM
 #408

in my opinion, bitcoin is subject to regulations if the government formalizes bitcoin as the official digital currency in all countries,

perhaps with an official transaction in every bitcoin country can be subject to government regulation ...
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June 30, 2018, 01:16:03 AM
 #409

maybe if something happen with bitcoin in a country and the banned bitcoin is can't solve this problem I think makes a bitcoin regulation is the good idea for us, so it can makes the bitcoin and the user is under view of the government, it will makes the bitcoin transaction more safe than before

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Johnzky
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June 30, 2018, 01:30:52 AM
 #410

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 have been waiting for this to finally happens because this is the only reason i am seeing that we can be freely focus on our business here withour any hard issues from the governments so if that would be the case then why need to disagree and besides we have no choices but tl accept that
thenameisjay
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June 30, 2018, 02:29:13 AM
 #411

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 they don't have to regulate bitcoins as a whole because it would only defeat the very purpose of why were bitcoins invented in the first place. The government should understand that bitcoins were invented for the purpose of going off the grid; away from the thieving scum of the government.

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bling-bling
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June 30, 2018, 05:00:55 AM
 #412

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's already starting actually. KYC, limits on transactions, high transaction fees...these are signs of the impeding regulations that are soon to be imposed. It's just a matter of time before things get crazy...

looterrific
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June 30, 2018, 05:05:22 AM
 #413

Well, most of us saw that Bitcoin would be regulated for it to be a viable enough as a transaction for the masses. I know it has it's ups and downs but I think that's the only for Bitcoin to grow and to be use by people around the world with less doubt and negativity. Actually, the government as limiting some of the factors that affects people and Bitcoin. Like for example, verification of Identity for people to use an exchange and other things.
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June 30, 2018, 05:06:04 AM
 #414

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's already starting actually. KYC, limits on transactions, high transaction fees...these are signs of the impeding regulations that are soon to be imposed. It's just a matter of time before things get crazy...

Yeah, but hopefully soon all of this will be regulated fairly so that as time goes by more investors will not think that having bitcoin will be a headache because of continues additional requirements given by the governments.

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June 30, 2018, 05:17:05 AM
 #415

More and more support for Cryptocurrency usage around the world keeps on increasing. The same has been given importance as a better way for financial development and perfect administration without flaws. Possibly more countries who were against bitcoin were now coming up with plans to use it for their financial uplifting. With this I believe even the regulations put forth will not affect the usage.

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June 30, 2018, 05:20:07 AM
 #416

yes, because they can use it themselves, and alter any aspect they want, but they can not change the whole bitcoin system.
taeewo
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June 30, 2018, 07:11:57 AM
 #417

it will be better it goes under regulations quickly now before things get out of hand, they have been manipulations and also scam project flying around, regulations is really needed to be set by the SEC..
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June 30, 2018, 07:26:35 AM
 #418

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 ?
For now there's a lot of regulations that government want to implement about bitcoin but its hard to put tax on bitcoin because the user is hard to identify and if the government successfully put a regulation on bitcoin I hope it will not lead it to the corruptions because we cannot deny the fact that many government officials are corrupt. 
railyako
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June 30, 2018, 11:49:24 AM
 #419

bitcoin will always be a threat to the global financial system. i think governments will not stop trying to regulate bitcoin but will surely not succeed in the near future.
Tiger Junk
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June 30, 2018, 12:09:56 PM
 #420


Gradually BTC will be legalized in other countries, Bitcoin as a means of trading may be used outside the official currency held in that country, but for Bitcoin's value there are no rules. can adjust it. Because the value or price of Bitcoin is not affected by the regulations applied in a country,


Bitcoin is decentralised in nature meaning the no other parties even the government have no control over it. I think it would only be go under regulation if it involves in any fraudulent activities. It may not be totally be regulated but it is  possible that government put some restrictions with regards to it.
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