More Regulations For Cryptocurrency?

[cacvy3]

Let's be honest, regulations are more than needed if you want to have a clear cryptocurrency ecosystem without any scams, so that is the main reason of why i really support some kinds of regulations coming from some countries.

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[careCentre7]

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.

I totally agree with you. The main idea of cryptocurrency is decentralization. More regulations on it will make it a centralized system, where the government have some kind of control over it.

[Kez1817]

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 sooner or later government can regulate cryptocurrency for a reason that they can hold bitcoiner,put taxes and rules to follow speacially if crypto will continue to develop and become accepted anywhere in the world. But it is all depend on us if we accept those regulation or not. I believe while cryptocurrency continue to spread and become broad there are also a lot of changes may happen because i know government will not stop finding a way to regulate it.

[AimHigh]

No one can govern, manipulate cryptocurrency even the government they can't control if they put rule and regulation to regulatr the world cryptocurrency i agree because it can less risk and avoid some scammers we cannot be afraid to invest and trade in cryptocurrency because we know that have an regulation to less those scammers. Government cant control special bitcoin they can manipulate the value and it is centralize.

[MI6]

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 government will do anything to jump and change everything in crypto, i'm sure they can because they have regulation power and we cryptocurrency user will forced to followed it. it will be have positive and negative affect for it

[vnck25]

I personally believe that more stringent regulations on Bitcoins and other altcoins will make them more safer for mass adoption. Many people get into cryptocurrencies without giving much thought about the scams, the high volatility of them and make huge loses trading them. Centralized bodies should intervene and regulated the use,trade and invest of cryptocurrencies. I think involvement of regulatory bodies is justified since almost all are going to convert cryptos in to fiat, which is a centralized currency.

[Gypat]

Once we are crying for governments to accept Btc across the globe then we should now that there will be some forms of regulations from the government.

[snaper14]

as the price and users go up the attention of btc in the governments rises proportionally. If it reaches 100k than inevitably there would be more regulations as the center of attention would be concentrated on crypto.

[amacar2]

Government will always try to regulate bitcoin regardless of the price but when its price will surge like crazy tax department will get crazy and hungry for quick hot bucks. Many countries have already placed heavy taxes on crypto related gains as capital gains after last year surge. I expect taxes to rise more on crypto if price will start to make another big run again.

Governments and tax officers are trying to squeeze every profit citizen have ever made by holding bitcoin from the start date. One of the major drawback is that you can't always provide enough documents to show the origin of fund for tax purposes which create more problem even if you are willing to legally earn bitcoin or cryptocurrencies.

[pitiflin]

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?

There's not many regulations, except for KYC regulations for exchanges, and the countries that have banned crypto. Governments see crypto as an asset, they would just put taxes on the capital gains which almost half of the countries have. And stop building castles in the air when it comes to price.

[Mia Wallace]

The crypto currency is a new form of economy which is totally contrary to the present form of economical concepts.So the economically and industrially developed countries of the world are trying to study and understand the in and out of the new theory and they will decide it whether to accept or reject by the help of their technical know how .Mean time the developing countries are mostly not in a position to analyze it so easily and they will try to impose different types of regulations on it.They might be fear of the new economical theory to topple the current systems etc.

[chocolaty]

I think the government can make more regulations for cryptocurrency but mostly against fraud, theft, money laundering and many more illegal stuffs. It is their duty to protect their people and since cryptocurrency is an unstoppable trend as of the moment, if they won't be able to get full control of it with their own hands, they will control it indirectly using regulations. The government will never have full control because there are private companies working with cryptocurrencies as well and that is beyond their control. Their only role is to assure that everything in operation that involves crypto is legal and is not harming any group of people or any living thing.

[entrepmind23]

as the price and users go up the attention of btc in the governments rises proportionally. If it reaches 100k than inevitably there would be more regulations as the center of attention would be concentrated on crypto.

The government wouldn't let this opportunity to pass to get some money from the people who earn from it. There would be a huge addition to funds then if they can track the people who are earning from it and then levy tax. As what I have observed from our country, those local exchanges that were issued licenses require its users to provide documents for KYC to prevent illegal activities and I can sense that eventually they will have taxes in the transactions because it is easier for the government to collect it from one place than for them to collect it individually.

As for regulations, it is unavoidable I think because the more people getting involved in cryptocurrency, the more the government wanted to control it so they will have more regulations applicable to it. It would make more people trust cryptocurrency though because there are already legal implications related to it.

[coromabur]

I think that any government regulation will not affect the growth of cryptocurrency only if there is a ban on the use or ownership of bitcoin or other cryptocurrency in a country may have an impact on growth because fewer people want bitcoin.

[gesdan]

if the bitcoin affect economic of a country i believe that government can take action for bitcoin and maybe will make a regulation for bitcoin or the worst thing that they will banned bitcoin in their country, that is the worst thing, we all hope that it wouldn't happen and all government can accept bitcoin around the world

[JeramiParan]

Yes, it is expected to have more regulations on cryptocurrency from different government for both profit and security purposes, cryptotocurrency getting bigger and bigger everyday, some government sees this as great source for countries income.

[rosepetals]

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 there would be big possibilities that regulations become more strict towards cryptocurrency when its price would reach to $100,000.Thats alot of money for only one bitcoin.

[kidsrock]

I am sure that there will be any regulation from the government as I think they don't like to see cryptocurrency is grown too fast and they are not ready to see the changing of the finances system. maybe someday, they will add tax for cryptocurrency user so we need to pay some amount to back up the economy of the country. or maybe they will make a new law that will control cryptocurrency user

[befriendmywater]

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 the government will let the Cryptocurrency market grow so easily. Because a market with too high a market capitalization will be heavily regulated by the government. By the way it will affect the economy of the world. The early Crypto market will want to be protected and become healthier if market capitalization is high.

[jonaire99]

In the recently concluded meeting of G20 summit for cryptocurrencies, they decided to wait some recommendations from other countries implementing the rules or regulations for the cryptocurrency exchanges. Regulations can't be avoided and many countries are planning to make their own regulation based on the recommendation. It will be implemented to protect users and investors from scams and illegal use of any cryptocurrency.