annaso
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August 25, 2018, 03:52:49 PM |
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It appears from the outside that regulators are taking a cautious approach, gathering data to make an informed decision. Whatever they do decide to regulate or not, it will spark a reaction in the bitcoin markets. Everyone knows that regulatory clarity is arguably the single most important issue facing bitcoin right now. Increased adoption should lead to an increase in bitcoin's price, and many businesses and consumers are reluctant to adopt bitcoin because of negative headlines and the currency's uncertain regulatory status. Fundamentally bitcoin is not designed for central regulation so I believe BTC direct regulation is not possible but regulating tradings, exchanges etc is definitely possible.
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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polyballz
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August 25, 2018, 04:03:25 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 ?
Until now, I have never heard of any country that regulates Bitcoin or even the central bank. because bitcoin is decentralized online digital currency, bitcoin makes transactions anonymously, so there's no chance to add bitcoin under the rules. This is only my observation. We will see in the future.
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Renai0925
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August 25, 2018, 04:06:04 PM |
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For me, it is better if it is regulated to an extent since if it is, then it would be totally legalized. Not that it is illegal or anything. But just that people will be more assured that crypto is legit.
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maichimoto
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August 25, 2018, 04:21:49 PM |
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Yes its threat to them just because they are trying to protect the citizens against any form of scammish investment,regulation will still be adopted by them so that it can be trusted by many people.
it's noit a threat. I fhtye really do it the way to protect people, it can only do good and help. But if they will try to protect centralized systems and banks, then not really
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SarahAfiah
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August 25, 2018, 04:36:56 PM |
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in my country there is absolutely no regulation and especially the government only considers bitcoin as one of the dangerous investments so they recommend not investing in crypto currency. different from the European states that have good blockchain regulations in the development in the industrial business and I really appreciate it. I hope my country is like a European country
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Piggymonster
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August 25, 2018, 04:40:33 PM |
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We all know that since the invention of bitcoin, it is still not reach it's full potential but the government should not underestimate bitcoin because it could greatly affect once economic status. Perhaps they're finding ways and making guidelines on how to regulate it.
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Hasbro27
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August 25, 2018, 04:57:54 PM |
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I don't think that there is a single country or government that can regulate bitcoin, now the government regulates bitcoin buyers because there are many local excells that require KYC, if no bitcoin prices can intervene.
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callyf
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August 25, 2018, 04:59:05 PM |
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Yes it is because this is the current situation and bitcoin is future
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fredo123
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August 25, 2018, 05:23:47 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 ?
Regulatory clarity is is arguably the single most important issue facing bitcoin right now. Increased adoption should lead to an increase in bitcoin price, and many businesses and consumers are reluctant to adopt bitcoin because of negative headlines and the currency's uncertain regulatory status.
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kelenikels
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August 25, 2018, 07:53:08 PM |
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The issue of regulating bitcoin or cryptocurrencies has been in the front burner with the various governments of the world.It is the evidence of that they have failed to control Bitcoin due to its decentralization. They are unable to put it under their control, so they deny its usefulness and superiority. In short, Bitcoin will not go under regulation.
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MrRiuss
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August 25, 2018, 07:55:26 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 ?
yes, i think so. i think they should regulate bitcoin so bitcoin has a legal aspect in the country
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Akpuv
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August 25, 2018, 08:04:51 PM |
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The government in several countries want to ensure they control Bitcoin. That is why they are just all pushing for regulation. Once they succeed in regulating it, then the control is theirs.
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teejayrichard2
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August 25, 2018, 10:43:09 PM |
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bitcoin will surely go under regulation. it is because government for now cannot regulate bitcoin, that is why a whole lot of them are strongly againist it. government find it difficult to accept anything they cannot control
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JakenBake
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August 26, 2018, 03:26:06 AM |
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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 ?
Yes the government is going to regulate it. You don't think they are going to allow a competing currency run right along side the Dollar and be cool with it do you? Crypto will be put under the firm control of the government and I'm pretty sure everyone is going to take it and most of you will prob cheer for it.
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letzdodiz
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August 26, 2018, 03:29:31 AM |
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It relies upon the nation that will acknowledge bitcoin. In the event that they will acknowledge bitcoin and on the off chance that they need to set an impediment for the client of bitcoin in their nation then they will make a control which will set decides on the things that they can do with bitcoin and the things that they can't do with bitcoin so there will be no issue and turmoil from utilizing bitcoin.
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daotan123
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August 26, 2018, 03:44:03 AM |
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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 think it will happen. Bitcoin is very new and has no legal framework to protect investors as well as fight fraud. Gradually, when the market is more mature and legally clear, large companies will invest in the market and we will see growth in price.
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Tinker18
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August 26, 2018, 03:57:25 AM |
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Many will try to regulate it, that's for sure, but I'm not sure they will manage to do it actualy. The whole point of cryptocurrencies is not to be regulated by any state institution.
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CrossSignal74
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August 26, 2018, 03:58:45 AM |
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It is really complicated because bitcoin is beyond regulation but it can go under regulation if bitcoin doesn't have any other option only then.
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sabarr
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August 26, 2018, 04:06:17 AM |
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in my opinion, the government will still continue to look for ways to regulate bitcoin, because bitcoin can make the economy chaotic and there are some who use it for crime that will harm the country
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rancakadu
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August 26, 2018, 04:16:05 AM |
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As long as bitcoin goes through various obstacles like that many regulations also affect bitcoin in many countries and like now the price of bitcoin is down because of some bad news and many other regulations and restrictions from various countries but soon the price of bitcoin will stabilize,
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