Can REGULATION Really Be Beneficial to Bitcoin?

[ethereumhunter]

The regulations will be important for bitcoin because with the governments make regulations of bitcoin, people will see the legitimate of bitcoin so they don't think the negative only, but they will think about the positive of bitcoin. So after they realize the benefits of bitcoin by learning on many sources, then they will accept bitcoin and will use bitcoin for making a transaction besides of transaction with fiat.

[Anonylz]

I also do think there is the need for government regulations in the crypto space in general, an unregulated environment is often filled with chaos and unpleasant news, once there are any form of government regulations in crypto, it will attract many by standers who are looking to be a part of this space but too afraid because of it's vulnerability, regulations will help to reduce the level of fake and scam projects we currently have around.

[dat.ho12492]

I also do think there is the need for government regulations in the crypto space in general, an unregulated environment is often filled with chaos and unpleasant news, once there are any form of government regulations in crypto, it will attract many by standers who are looking to be a part of this space but too afraid because of it's vulnerability, regulations will help to reduce the level of fake and scam projects we currently have around.

Agreeing that without the rules in crypto and bitcoin, this market is really risky and chaotic, especially we can face fraudulent projects but in return, we will have many opportunities to make a profit when no one closely controls this market. But if the government appears with regulations, the risk will be reduced, the projects will be more reputable but the market will start to stabilize under the administration of the government, we will no longer see giant pumps and dumps, all of which will only stop at a low level of stability and vibration

[FlightyPouch]

Regulation is a legal basis for determining how Bitcoin can be used. With the regulation, everything related to bitcoin will have a clear rule.
With things like this, investors can make decisions, when regulations support the development of Bitcoin, it will make investors more convinced to invest in Bitcoin.
For me regulation is an urgent matter, when everything has been regulated then everything will be much better.

yes you are right, the existence of regulations will encourage mass adoption. but unfortunately the government is still considering it. they are too afraid to make regulations because they fear bitcoin threatens state finances.

I don't believe that regulation will be beneficial to it. I am from a third world country that is regulating Bitcoin. For other people, it will be a good thing and I know they will be usually using Bitcoin but in reality, not that many are using Bitcoin in our country. A lot of people don't even know what crypto currencies is. So I think regulating is not that beneficial.

[bitcoin-shark]

no in my opinion the regulation will not benefit bitcoin at all, btc was born as an anonymous alternative to fiat...

[raise001]

Joseph Stiglitz, the Nobel Prize-winning former chief economist of the World Bank, Nouriel Roubini and Kenneth Rogoff were in unity in claiming that Bitcoin’s value could drop to just $100 after being "regulated into oblivion".
However experts from trading platform Blocktrade.com and LoyalCoin stressed that "REGULATION WILL NOT MAKE BITCOIN PLUMMET TO $100. It will not kill off cryptocurrency but will in fact be vital to crypto's growth. It will be essential to the adoption of cryptocurrency on a global scale. And will encourage more businesses to start taking the emerging technology seriously. The key issues affecting cryptocurrency, like security and volatility, can be rectified through regulation". [https://www.businesscloud.co.uk/news/regulation-will-not-make-bitcoin-plummet-to-100]
 
I've read this somewhere; The currencies that succeed, are not those that circumvent the state, but rather those that are legitimised by the state.
But it is a known fact that, Bitcoin is a decentralized digital currency. Free from government interference and manipulation.
Does this mean that Bitcoin, being the most popular and most sought after cryptocurrency, still cannot be considered a successful currency?
How can regulation help Bitcoin along with other cryptocurrencies? Will it benefit the investors as well?
Your thoughts guys...

As bitcoin is unregulated most governments and big financial institutions don't take it seriously and don't want to adopt it in their financial systems. If it is properly regulated then the governments all around the globe would be encouraged to adopt it in their financial systems and it would also help mass adoption of bitcoin all over the world.

Bitcoin regulation is most important because of unregulated bitcoin many countries and mercent  do not want to accept as legal currency if the regulation be happen most of the countries accept bitcoin the its price will be growing day by day. so because of regulation people who hold bitcoin will be beneficial.

[Sithara007]

If the government gets involved in Bitcoin trading, then it can have both positive and negative impact. On the negative side, the crypto users may lose their anonymity, as the government agencies will make KYC mandatory. Also, the tax rules will be strictly implemented, and this can dig a deep hole in to the pockets of many of the users.

[Daniel91]

I can't say that bitcoin is fully regulated in my country but recently tax office issued guidance how to pay taxes on the profit from crypto trade.
After that already one company, business start up, started business with crypto, basically exchange between crypto and fiat so that people can pay different services with crypto but sellers receive money in fiat.
So, it seems that any kind of regulation is good for us

[gesdan]

if the regulation suport bitcoin i think it will, but if there are the regulation that makes the bitcoin can't make somthing new i think it will not give the benefit for bitcoin, and bitcoiners. we all hope here that regulation about bitcoin in the future will makes big changes

[BeGoods]

If the government gets involved in Bitcoin trading, then it can have both positive and negative impact. On the negative side, the crypto users may lose their anonymity, as the government agencies will make KYC mandatory. Also, the tax rules will be strictly implemented, and this can dig a deep hole in to the pockets of many of the users.

Not all users will do kyc right? how does the government ensure that bitcoin users are the people of their country?
in my opinion, whatever the clause is from the government, legalization will still be useful for all of us

[idham29]

if the regulation suport bitcoin i think it will, but if there are the regulation that makes the bitcoin can't make somthing new i think it will not give the benefit for bitcoin, and bitcoiners. we all hope here that regulation about bitcoin in the future will makes big changes

I am sure that the regulations issued by a country's central bank against bitcoin will have a big impact, because with the regulation it means that bitcoin users are legally protected.
Another impact is the increase in bitcoin users because of the calmness in conducting trade transactions so that there is no doubt that bitcoin is getting wider and the price will be even higher.

[iqlimasyadiqa]

A regulation will have a positive impact on the development of digital currencies. regulation is very necessary because with the regulation there will be a public trust and this will be a good start for the future increase in the price of the digital currency.

[karanggatak]

in my opinion, with the rules, bitcoin will be more developed and successful and can prevent the use of bitcoin for criminal acts such as money laundering and drug purchases. regulated by the government is the process of bitcoin transactions rather than going up and down in value or the amount of bitcoin circulating. so that bitcoin remains decentralized but has rules for the use and bitcoin investors to be more secure and comfortable.

[Xenrise]

in my opinion, with the rules, bitcoin will be more developed and successful and can prevent the use of bitcoin for criminal acts such as money laundering and drug purchases. regulated by the government is the process of bitcoin transactions rather than going up and down in value or the amount of bitcoin circulating. so that bitcoin remains decentralized but has rules for the use and bitcoin investors to be more secure and comfortable.

This is the idea of regulation. Regulation wanted bitcoin to be regulated and as far as regulation is concern, it will help bitcoin to not be connected to money laundering and other bad acts. And by regulation, this will help bitcoin to have a massive adoption in the future. Since, it is not linked on bad acts.

[naufals4]

Joseph Stiglitz, the Nobel Prize-winning former chief economist of the World Bank, Nouriel Roubini and Kenneth Rogoff were in unity in claiming that Bitcoin’s value could drop to just $100 after being "regulated into oblivion".
However experts from trading platform Blocktrade.com and LoyalCoin stressed that "REGULATION WILL NOT MAKE BITCOIN PLUMMET TO $100. It will not kill off cryptocurrency but will in fact be vital to crypto's growth. It will be essential to the adoption of cryptocurrency on a global scale. And will encourage more businesses to start taking the emerging technology seriously. The key issues affecting cryptocurrency, like security and volatility, can be rectified through regulation". [https://www.businesscloud.co.uk/news/regulation-will-not-make-bitcoin-plummet-to-100]
 
I've read this somewhere; The currencies that succeed, are not those that circumvent the state, but rather those that are legitimised by the state.
But it is a known fact that, Bitcoin is a decentralized digital currency. Free from government interference and manipulation.
Does this mean that Bitcoin, being the most popular and most sought after cryptocurrency, still cannot be considered a successful currency?
How can regulation help Bitcoin along with other cryptocurrencies? Will it benefit the investors as well?
Your thoughts guys...

i think with the regulation for cryptocurrency it might make bitcoin or cryptocurrency easier to legalize in the area, so if it has been legalized then people
will know about bitcoin and may also be interested in buying it so bitcoin will be more popular

[Viscore]

in my opinion, with the rules, bitcoin will be more developed and successful and can prevent the use of bitcoin for criminal acts such as money laundering and drug purchases. regulated by the government is the process of bitcoin transactions rather than going up and down in value or the amount of bitcoin circulating. so that bitcoin remains decentralized but has rules for the use and bitcoin investors to be more secure and comfortable.

This is the idea of regulation. Regulation wanted bitcoin to be regulated and as far as regulation is concern, it will help bitcoin to not be connected to money laundering and other bad acts. And by regulation, this will help bitcoin to have a massive adoption in the future. Since, it is not linked on bad acts.

It will change the view of the people about bitcoin, at the early stage, they think bitcoin is an dirty online money, it's not a usual money and it's use for money laundering or illegal activities online. Things will change once regulation step up, because this means that the government recognizes crypto and they regulate it to punish abusers and protect real users.

[okala]

When you say regulations there is a.point I will always want to be clear with, because bitcoin as a decentralized currency if and when regulated two thing may happen to it. Is either the government will have control on how it activities are run within they jurisdiction or the government will be at the central of it operations, but to say bitcoin will lose it decentralized nature to the government that is not possible. And if bitcoin is regulated that will only result into one thing for the market that is legitimacy the people will have confidence in bitcoin.

[bitbunnny]

if the regulation suport bitcoin i think it will, but if there are the regulation that makes the bitcoin can't make somthing new i think it will not give the benefit for bitcoin, and bitcoiners. we all hope here that regulation about bitcoin in the future will makes big changes

It's hard to tell in advance which country will regulate Bitcoin in some specifuc way. But I think most of countries would make positive regulation that would give Bitcoin legal framework and some limitations, of course, but will not ban it or put it on the nargins of financial world so I think that regulation could really benefit the Bitcoin.

[Ezenwanyi1]

I think regulation of bitcoin would be beneficial in the struggle for mass adoption.
Regulating it means making it stable to serve efficiently as a medium of exchange for goods and services.
But in the other way round, it won't be beneficial to investors because regulation takes away the power of volatility .
It is the volatility that makes it attractive for investment purposes.

[Akagum]

Yes regulation of bitcoin can be beneficial for mass adoption ....this is because I would be more stable and so people will start accepting it as a payment medium for purchasing goods.
But I do not think that same would be said of investors..... because a stable bitcoin can not give profit.