More Regulations For Cryptocurrency?

[Jateng]

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?

Yes I think there will be more regulations regarding crypto currency. Since 2009 up to now, lot of things already change in bitcoin. A simple example: before the creation of account in this forum is very easy but now you have to pay some bitcoin to able to use that account, another is before there is no recaptcha when we will log in our but now it has and then the latest which is the merit.

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[hashshashin]

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?

At the moment, cryptocurrencies do not threaten the world economy and banking system, and each country treats crypto-currencies differently, how events will develop further - it is not known, but I think that with increasing popularity of cryptocurrency, countries will pay more attention to them.

[fileo]

Precisely, the government will insist to regulate crypto as they wanted to control this system to have more power in handling the world of cryptocurrencies which is I think the most motive of the government. There should have some difficulties to regulate crypto as we all know the world now is experiencing war and poverty in some countries that I think affects the growth of crypto.

[BlackRacerX]

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 bitcoin regulations would kill the best feature bitcoins have. I don't want my bitcoins regulated by some government or a single body because then, my bitcoins would taxed aside from the transaction fee per exchange per transfer. Bitcoins would probably become less attractive.

[Plecet Bank]

Yes, they set about Cryptocurrency and they now make it a rule that is very difficult. And I am sure that regulations made very tight because it has a good purpose. And now many multi accounts that are already reduced and fraud could be reduced because of very strict rules.

[Daman009]

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[131tc01n]

in my opinion, of course that will happen, because with the development of bitcoin, more and more will want to drop it. Maybe now there are only a few governments that call bitcoin illegal, but there will come a time when other governments will call the same thing. This in my opinion will not affect the state of bitcoin because at that time bitcoin already had very many users

[FunGate]

Governments will understandably fight to regulate it and already have started (it's banned in some countries). If regulations are put in place, the purpose of decentralization is defeated. Once the need for exchanges to make transactions is gone, they won't be able to regulate cryptocurrencies even if they tried.

[saumang2m]

I do not think that by introducing some new rules in the cryptow market, the government will be able to get information about crypto consumers. Because the government has not been able to control any country on the crypto market. The government will not have any advantage over making new rules of government.

[jtrapirap]

When the time comes where Bitcoin & all other cryptocurrency will be fully accepted and adopted by the majority worldwide, then i guess government will have great chance of imposing rules and regulations on this field. This could have both pros and cons i think. The disadvantage might be greater fees since government may impose taxes on every transaction we have. The advantage maybe this would be more organized and the scam & fraud ICOs will be lessened i guess.

[bitbunnny]

To my opinion regulation in the field of cryptocurrencies is not a bad thing. It can help in many aspects like defining illegal and legal in the field of crypto, protection of users, regulation of market, introducing cryptocurrencies into economy and businesses. All this can help Bitcoin and other cryptocurrencies to be further adopted and introduced in the general society.
The problem is that many users see regulation just through governments control and to my opinion this is the wrong angle.

[PalindromemordnilaP]

More regulatory moves by government on cryptocurrencies can somehow forfeit the purpose of cryptocurrencies being a decentralized assets. Additionally, tax will be implemented too so don't expect for tax-free crypto income anymore.

[Gheka]

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?

At the moment, cryptocurrencies do not threaten the world economy and banking system, and each country treats crypto-currencies differently, how events will develop further - it is not known, but I think that with increasing popularity of cryptocurrency, countries will pay more attention to them.

Well, although it has no threat in the present, but with such a new field, it will always have a certain impact in the future and the government as the guardian and controlling of everything, they have always paid attention to the crypto for a long time. They already have certain rules on crypto, mostly forbidding or preventing people from coming close to crypto, but over time, when the development of crypto is sufficiently large and the government can benefit from it, they will certainly have more new regulations on crypto

[alex_gr_cc]

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?

Everything will depend on the demand for bitcoin. If we talk 100k, then, first of all, we should see approval from the government. From this it follows that large investors will invest in bitcoin, and then already small investors. Therefore, I believe that the high price of bitcoin will be accompanied only by approval from the government.

[West0813]

I don't have any problem if there will be more regulations for cryptocurrency. As long as it will make every traders, investors and crypto holders more safer from scammer or hackers.

[petrcoin]

Not for cryptocurrency but for icos we need more regulations. Ico owners should do a kyc for preventing fake team members and also, they must put a deflation model for utility tokens mandatory. Otherwise, they are meaningless.

[Mhd-Bobbi]

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.

May be taxed, I agree they charge taxes as long as they legalize the use of bitcoin, of course this really helps me.

[drachman]

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?

Why should government interfere just because something is gaining value?
They just have to make sure that ID regulations are respected and thus the risks are managed as highly as possible.

Because they are the government, governments at first do not interfere with new industries because it is not worth for them to spend resources to try to regulate the market but once it becomes big enough it becomes profitable for them to do so, but it seems to me they are going to find out this is not going to be the case with cryptocurrencies and they will be confused about what to do.

[KingOfWinterfell01]

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?

With bitcoins hitting a record of $100,000, I won't be surprised that the government would do all of its efforts to finally put regulations on the trading and transaction of bitcoins in their country. However, with this kind of regulations comes with a ball and chain to the main feature of bitcoins which is decentralization.

[ngm22585]

It will all depend on the region, but similar to the internet, hopefully, every country sees the potential for innovation with blockchain, and tries to foster a pro-blockchain environment for the best startups to succeed.