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Feuerbach
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August 07, 2018, 02:05:28 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 ?
They are not what they can, they already regulate it in many countries. And in some cases, cryptocurrency is generally prohibited |
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Awhore
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August 07, 2018, 02:09:18 PM |
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I don't see that ever happening, if it should be regulated then it has lost its decentralization that qualifies it to be what it is today. Governments will always fight for regulation but at some point they will have to give up on it because Bitcoin is simply a decentralized currency.
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Cangkeman Wae
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August 07, 2018, 02:19:59 PM |
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Of course everyone hopes that bitcoin will soon get regulation, with the large number of users globally I hope to be immediately regulated so that it can avoid criminal users.
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Cobrak777
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August 07, 2018, 02:44:13 PM |
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Trying to regulating bitcoin is like trying to control the direction of the see waves. It will be very impossible to control bitcoin due to its decentralized nature. The best solve for the government, is to accept this new revolution because no matter how they make bitcoin illegal, people will still use it. All they need is the internet to make their transactions.
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pernah ada
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August 07, 2018, 03:08:50 PM |
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for me, I don't know exactly when this will happen because I'm just a worker and can only work with bitcoin.
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qwerty12
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August 07, 2018, 03:13:42 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 ?
Actually, Bitcoin is no different from other devices or resources that can or must follow the rules that apply in a country. In other words, the government can regulate bitcoin, but not in the true sense. The government can only regulate or give regulations for individuals or the bitcoin exchanges. |
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KingBit.io
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August 07, 2018, 03:14:42 PM |
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The decision to regulate must come from each country. The debate is very wide and will last a long time. Some countries have already regulated, while others prohibit, while others only observe a better definition of a "global" form.
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denzkilim
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August 07, 2018, 03:32:07 PM |
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I don't know exactly, but as bitcoin decentralized online digital currency, bitcoin makes transactions anonymously, then there has no chance to add bitcoin under regulation. This is just my observation. We will see in future
If you're in a country that doesn't require KYC then you will surely be anonymous, but if you're in a country that implements KYC on the usage of Bitcoin or other forms of crypto currencies, anonymity is just an imagination. How I wonder if there are still countries that don't implement KYC system on the usage of Bitcoin,  Because in my country it is impossible to exchange your Bitcoin to fiat if you don't provide documents like an identification card, proof of residence and etc. I don’t think bitcoin would go under regulations for thecreason that it has a feature called decentralized control meaning no other third party shall control or regulate bitcoin. Unlike fiat money where the control is under the government.
It can be regulated in terms of usage and who is using it by implementing KYC "Know Your Customers" in the majority of the countries in this world but in terms of price or value it is kinda impossible because Bitcoin is decentralized and people will decide about its value. It is not impossible for governments to regulate the usage of Bitcoin and it only takes time and effort to do so, to be honest, any person that uses crypto currencies are not anonymous with their transaction histories and this is the ultimate medium to track people if you only knew what am I talking about and understand the whole process. KYC + Bitcoin/Blockchain/CryptoCurrencies = Ultimate tracking device.  |
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prettymargaux
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August 07, 2018, 03:33:38 PM |
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Surely, bitcoin will be regulated one day, otherwise, the government will always see it as an illegal rival. If it's going to replace the fiat currencies, then it must be regulated, so as to polish its flaws also. One thing is for sure: nothing can stop bitcoin and the other cryptocurrencies. Adopting it is an inevitable thing. Whether the government likes bitcoin or not, it would have to, and it'll soon find itself finding ways to regulate it, so that it can adopt it. But of course, they would go a long and hard way doing it. There are a lot of factors to consider.
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Squishy01
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August 07, 2018, 03:44:01 PM |
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you CANNOT regulate beer, people will always find ways to create and consume and swap beer with others.
you CAN regulate PEOPLE/BUSINESSES use of beer. in which if caught people/businesses could end up with fines.
but in short beer will continue to be made no matter what.
take the 1920's alcohol prohibition(regulation) for instance(moonshiners/gentlemens clubs era)
now swap the word beer for bitcoin and you will understand
That's one hell of an analogy hahahaha and really effective too. I believe this reasoning answers your question, but if I might add, I do believe the government will never be truly able to regulate bitcoin, and this is why: Unlike regular currency, all of those have their value in gold stashed away in every country's secret vault in their central bank. That's how money gets its value, because it has an equivalent amount of worth stashed away by the government. Bitcoin, on the other hand, well the governments of the world do not have the "gold" behind bitcoin. They may impose rules, but bitcoin and the digital world is so broad and complex that it would be near impossible for governments to fully regulate them. |
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adadaorlina
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August 07, 2018, 04:05:00 PM |
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The economies were already there and the bitcoin was in their midst. I believe that it remains for us to wait very little, when every government of its state will start issuing laws about the crypto currency. Almost everything is regulated by some set of rules hence it would not be surprising when some regulations are implemented
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Sircoss
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August 07, 2018, 04:32:13 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 ?
Bitcoin will definitely go on the regulations from the side of governmental system of every each country but it doesn't mean that it will have a bad effect on it, sometimes this effect would be good and a man who can improve it. |
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12tribes
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August 07, 2018, 04:48:28 PM |
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First let me point out that regulation in itself is not a threat to bitcoin. What is a threat to bitcoin is centralization. The truth is that in an attempt to allow the crypto space to run without any form of regulations, extant laws and rules, anarchy becomes the system and did ear dog the rule. A measure of regulation will bring sanity and stability and see real growth.
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perova93
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August 07, 2018, 04:55:50 PM |
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Now in many countries bitcoin is banned, this is a consequence of the fact that it is not regulated! we need regulation from the state! if the crypto market is legalized around the world, then the big money and big investors will enter the crypto market! I want the state to learn how to regulate the crypto market faster!
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GreenEarth22
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August 07, 2018, 06:03:09 PM |
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It is a burning question and i believe bitcoin will never be regulated and only for this regulating problem many country banning bitcoin but still bitcoin is running in its own way.
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cuteboy2016k
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August 07, 2018, 06:07:38 PM |
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Global regulation is one reason of bitcoin price falling, I think market manipulation is the main thing, many big investors are buy back when price is reached low level,I believe this is the best time to buy bitcoin may be in near future you will never seen the same price again, bitcoin has great future and same like crypto currency, so bitcoin never die, this market correction is temporary and will change soon Its hard to take bitcoins down. Since every person is now connected with bitcoins. There's no power exist in this world which can shut it down.
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HasiViraj
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August 07, 2018, 06:18:11 PM |
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possibly they can make a control for bitcoin in their nation yet I figure its not finish in all area of their nation, since I think the most ideal way government make a direction is from the neighborhood exchange, the legislature get some information about the proprietor of the exchange record and I think from that administration can make a regulation about bitcoin in their nation
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DianaZher3
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August 07, 2018, 10:28:09 PM |
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Bitcoin can not be regulated, since this crypto currency is completely decentralized and anonymous. Therefore, the government will simply need to measure up and learn to live in the crypto currency world, since the crypto currency can no longer be stopped.
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splash914
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August 07, 2018, 10:32:40 PM |
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Hardly. Too difficult to perform this action. I would even say that it is impossible. Progress can be slowed down, but it is impossible to stop.
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prehisto
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Your Data Belongs To You
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August 07, 2018, 10:33:28 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 ?
The regulation wont solve the threat, the smart economies and governments will embrace and understand the crypto potential but then again those who will try to ban it, will lose since they will fail to get any taxes or benefits from this industry and also capital will flow away. |
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