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Author Topic: More Regulations For Cryptocurrency?  (Read 3765 times)
DOGECOIN92 (OP)
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July 08, 2018, 11:13:01 AM
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Hello, would love to get your opinion on this topic. Do you think there would be more regulations regarding cryptocurrency by the Government? Both now and the future? Let’s say bitcoin price rises to $100,000 per bitcoin, Do you think the government would actually let it be and function on its own without constant regulations? Well, personally I think we would see more regulations from the government down the line to a 1 Trillion Dollars total market cap and above. But I’m positive such regulations won’t hamper on the further growth and advancement of cryptocurrency. So tell me, what do you think?
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July 09, 2018, 05:55:41 PM
 #2

I think if the government fully have control over crypto currency then crypto currency will loose their identity as a decentralization project. However, few regulations would be good, like imposing tax on it. People will consider it legalized and the demand for it will increase more further.
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July 09, 2018, 06:08:24 PM
 #3

We will see more regulations no matter the Bitcoin and no matter its market. It's already taking place slowly. It's up to us to accept it or reject it and raise our voice. Making a currency has no use if in the end it is regulated. Basically, Bitcoin was created to get back some privacy and to be free from governments and banks

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July 09, 2018, 06:12:38 PM
 #4

Hello, would love to get your opinion on this topic. Do you think there would be more regulations regarding cryptocurrency by the Government? Both now and the future? Let’s say bitcoin price rises to $100,000 per bitcoin, Do you think the government would actually let it be and function on its own without constant regulations? Well, personally I think we would see more regulations from the government down the line to a 1 Trillion Dollars total market cap and above. But I’m positive such regulations won’t hamper on the further growth and advancement of cryptocurrency. So tell me, what do you think?
Already many governments have regulations for the bitcoin usage and they may upgrade them in the upcoming years as theur wish but most of the government  creatimg regulations not for the weldare of citizen they just doing this for theor own purpose so more or less regulations just use bitcoin as your wish.
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July 09, 2018, 06:14:10 PM
 #5

I think moderate supervision is necessary and there are some norms that can promote the development of the community. But those media should not exaggerate the negative news of encryption.
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July 10, 2018, 06:28:29 AM
 #6

The market of crypto currency is out of reach of any third party or the government. This is an advantage for the investors in the market as well as both party who exchanges it. Yet at some point the government will eventually start tapping into the market and put regulations on it, it is hoped that the regulation does not hamper the market
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July 10, 2018, 06:36:38 AM
 #7

Hello, would love to get your opinion on this topic. Do you think there would be more regulations regarding cryptocurrency by the Government? Both now and the future? Let’s say bitcoin price rises to $100,000 per bitcoin, Do you think the government would actually let it be and function on its own without constant regulations? Well, personally I think we would see more regulations from the government down the line to a 1 Trillion Dollars total market cap and above. But I’m positive such regulations won’t hamper on the further growth and advancement of cryptocurrency. So tell me, what do you think?

Id the government implemented rules and regulations, they need to be sure that it is not just for there interest but also for the welfare of the users of bitcoin, and other coins or the crypto itself. Putting taxes will do but if they implemented something that concerns with the identity of users well it will definitely undergo in a debate. The regulations must only concern with the security the users will have.
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July 10, 2018, 06:41:27 AM
 #8

Hello, would love to get your opinion on this topic. Do you think there would be more regulations regarding cryptocurrency by the Government? Both now and the future? Let’s say bitcoin price rises to $100,000 per bitcoin, Do you think the government would actually let it be and function on its own without constant regulations? Well, personally I think we would see more regulations from the government down the line to a 1 Trillion Dollars total market cap and above. But I’m positive such regulations won’t hamper on the further growth and advancement of cryptocurrency. So tell me, what do you think?

Id the government implemented rules and regulations, they need to be sure that it is not just for there interest but also for the welfare of the users of bitcoin, and other coins or the crypto itself. Putting taxes will do but if they implemented something that concerns with the identity of users well it will definitely undergo in a debate. The regulations must only concern with the security the users will have.

I dont think that government will make regulations which wont try to get identity of users because they are implementing the rules and regulations in which their main criteria will be to show the identity of users. If you see last all ICO are asking KYC procedure, which means their is identity verification's of users who wanted to be in crypto world.
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July 10, 2018, 06:43:49 AM
 #9

I think regulations are good for Crypto and Bitcoin if they ar einclusive of crypto as an asset class. We need a good infrastructure and framework around Bitcoin so that the bigger entities like pension funds, hedge funds and Indeces can start utilizing this asset class for the benefit of their very wealthy clients. These peeps kind of hodl long term and it's what we need in crypto, not just pump n dump groups and whales constantly manipulating the prices.


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July 10, 2018, 07:41:42 AM
 #10

Hello, would love to get your opinion on this topic. Do you think there would be more regulations regarding cryptocurrency by the Government? Both now and the future? Let’s say bitcoin price rises to $100,000 per bitcoin, Do you think the government would actually let it be and function on its own without constant regulations? Well, personally I think we would see more regulations from the government down the line to a 1 Trillion Dollars total market cap and above. But I’m positive such regulations won’t hamper on the further growth and advancement of cryptocurrency. So tell me, what do you think?
I think regulations such as Tax, KYC, etc won't inhibit the growth of Cryptocurrency, I'm only worried about prohibitions such as shut down the access of cryptocurrency exchange to Bank account and ban the use of Cryptocurrency as payment, Governments will create more regulation in the future because they want to control this industry in their country, control is an annoying thing for us but we can't avoid it

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July 10, 2018, 07:55:16 AM
 #11

In my opinion the only thing that the government has a right to regulate in crypto is to secure its people to scammers.The government can take actions on it especially when it comes to illegal activities.Then also the government can also implement tax collections because even if its decentralized we are still had a responsiblity as a citizen to pay back not that much as what you think but to pay in return for helping even just a little for contributing to our economy.
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July 10, 2018, 08:47:55 AM
 #12

I think it's good for more regulations for crypto currency. but government can use the part of someone as pension, tax etc instead of all over use the crypto currency results will happen loose popularity.
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July 10, 2018, 09:19:04 AM
 #13

since there aren't that many regulations regarding bitcoin now I would say yes there will be a lot more regulations in the future because this is currently a raw market with no regulations and it needs them. so as the market grows and more people get involved and more importantly as the popularity of bitcoin grows and more businesses and merchants start accepting it as payment, the government has to put some regulation guidelines for them to follow in order to keep everything in line.
that has already happened in some countries like Japan though. and the rest will eventually follow.

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July 10, 2018, 09:28:27 AM
 #14

Hello, would love to get your opinion on this topic. Do you think there would be more regulations regarding cryptocurrency by the Government? Both now and the future? Let’s say bitcoin price rises to $100,000 per bitcoin, Do you think the government would actually let it be and function on its own without constant regulations? Well, personally I think we would see more regulations from the government down the line to a 1 Trillion Dollars total market cap and above. But I’m positive such regulations won’t hamper on the further growth and advancement of cryptocurrency. So tell me, what do you think?

I do not think adding regulation may change bitcoin as it is. As we all know, bitcoin is actually doing its job well and for the past few years, there are no regulations being added or get rid with it. Bitcoin plays as it is. And as time goes by, regulations do so. If we choose to, then lookin toward it is a great hook.
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July 10, 2018, 10:10:48 AM
 #15

the only thing you need to keep in mind is that you should not confuse regulations with restrictions. the regulations can be both but it doesn't have to be either. for example the Japanese regulations of bitcoin led to a huge rally and a lot of adoption in their country. regulations can also be restrictive and bad and prevent the growth.

will we see more regulations for bitcoin? yes
will they prevent the growth? maybe not, maybe they do. it depends on which country sets what.

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July 10, 2018, 10:15:07 AM
 #16

the government has full control over the crypto currency then the crypto currency will lose their identity as a decentralized project. However, some rules will be good, such as imposing a tax. People will consider it legalized and the demand for it will increase further. Thus, crypto currency enthusiasts will multiply
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July 10, 2018, 10:50:04 AM
 #17

yes. indeed, the more rules and regulations the more the safer btc will be. btc need to be more strict for the new investors.
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July 10, 2018, 11:39:00 AM
 #18

If crypto currency regulated with rules and regularions then it would be better for itself as people will do more investment on it and the popularity will increase more.
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July 10, 2018, 11:48:28 AM
 #19

For a country that has already received and regulated bitcoin well at the present moment may have an effect. They will raise taxes to all users of cryptocurrency in their country. But I am a little confused given the volatile bitcoin prices so the rules they make will always change.

And for countries that are still neutral and banning bitcoin they will be indifferent to bitcoin price changes. But there is little possibility for a neutral government to use bitcoin, I guess they would be interested in receiving bitcoin and deduct tax on each withdraw made by bitcoin users.

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July 10, 2018, 12:20:56 PM
 #20

Hello, would love to get your opinion on this topic. Do you think there would be more regulations regarding cryptocurrency by the Government? Both now and the future? Let’s say bitcoin price rises to $100,000 per bitcoin, Do you think the government would actually let it be and function on its own without constant regulations? Well, personally I think we would see more regulations from the government down the line to a 1 Trillion Dollars total market cap and above. But I’m positive such regulations won’t hamper on the further growth and advancement of cryptocurrency. So tell me, what do you think?

Definitely more regulations will be coming our way. And with the G20 meeting for the third time coming and with crypto regulations on top of their agenda, I'm sure that there will be a lot of debates and eventually government will have to put up their own regulations.

But I'm sure that it wouldn't have a long term effect on the price though, we might see the price suffers a little but in the long run if this regulations becomes effective and governments satisfied, crypto will flourished in the next decade or so.
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