Is Bitcoin at risk of regulation?

[sort_cirkit]

No country's government will be able to control 80 percent of Bitcoin. As a result, they are banning Bitcoin out of frustration. The stricter the law, the more crime will develop. The government does not want to get in trouble, so it is banning or banning Bitcoin. The government will never be able to take control of Bitcoin.

The first will be tightly regulated by the authorities, while the second will remain for adherents of libertarianism and privacy.

This is the only realistic opinion. Whether we like the government or not, this is how it will continue and will continue.

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[yohananaomi]

I think KYC and regulation are okay, You can avoid KYC if you want, KYC is not required in all exchanges, and if you don't use third-party exchanges, you can avoid government's bans by trading p2p bitcoins from your local users. if you complete the KYC and use the exchange, then the way you use the local bank account is exactly the same. The government only takes KYC to prevent money laundering, ordinary users should not have any problem with it.

true, I agree that KYC is clearly needed if the government considers that bitcoin will be used as a legal medium of exchange, all of that is to avoid money laundering which we know that in bitcoin is difficult to control. as long as for the improvement of KYC it is appropriate and very necessary. agree with our colleagues that if you want to avoid KYC there are still many ways that can be used because that convenience is available.

[heztida3]

If in the end bitcoin has been controlled and limited by government rules, I feel extremely go amiss, which we will feel we don't have the complete open door over our own bitcoin ownership. this is incredibly distressing. When bitcoin was comprehensively known, clearly, the public authority certainly knew bitcoin stipulations in giving enormous advantages.It's uncommonly inappropriate us to direct bitcoin in the way where we foreseen.
This is so hopeless sibling.

[ichi]

In the event that in the end bitcoin has been controlled and restricted by government guidelines, I feel very deviate, which we will feel we don't have the total opportunity over our own bitcoin proprietorship. this is extremely stressful. When bitcoin was broadly known, obviously, the public authority definitely knew bitcoin provisos in giving immense benefits. It's exceptionally uncalled for us to oversee bitcoin in the manner in which we anticipated.

[Crptomagma]

It’s obvious the government is against bitcoin technology and these is devastating I must admit because couple of hours ago I was reading a post where the Writer is complaining bitterly of how the government rejects bitcoin technology and even went ahead of asking the police to punish those using bitcoin in the country. It’s really devastating that a bitcoin enthusiasts would have to use vpn before he/she can use bitcoin technology. The regulations on most, if not all countries to bitcoin is not favorable. So bitcoin continue to strive to stand even in the whole circumstance.

[adzino]

If you want bitcoin to go mainstream, then this regulation is inevitable. I doubt the government from any country in the world would allow free access (that is without regulation) of crypto currencies. I know some people might say it is just the government that wants to control everything. Part of it is true, but then it would be stupid to deny that keep it unregulated would keep things normal. Just too many risks that can be avoided with regulation.
So yeah, bitcoin is at the risk of regulation, but there are both good side and the dark side to it.

[Nellayar]

It might be a threat for bitcoin community to have a full regulation of the government. Many of us here, I know, doesn't want to have KYC process because of security and identity matters. However, if there is a full regulation we can't avoid to pass our identity online. Specially, if the third party wallet will advise to have KYC process. But because of full regulation, we can't deny as well that cryptocurrency community will boost its popularity. In result, users will confidently use bitcoin anywhere in globe.

[Rengga Jati]

I thought how do they regulate Bitcoin where it is used by people all over the world? And maybe this will happen in certain countries only. However, this may not be the case globally. And if Bitcoin were to be properly regulated, it would be wrong, not quite the way Bitcoin was originally intended.
Or maybe the regulations are not on Bitcoin but how to cash out or how to get to the platform in that country.

[South Park]

This is the problem in India adopting cryptocurrency, they are having a hard time regulating it in their economy.

It is not that impossible for a country to allow and legalize bitcoin unless they can regulate it properly so that they will not have a problem on exchange and transactions.

Bitcoin is really new for some developing countries especially that it is decentralized and governments have nothing to do with it but to legalize it or not. Not all countries do have guts to accept bitcoin and let it circulate in the market because they have different mindset towards its existence.

In a way I can understand governments, they see something like bitcoin and they see risk, not only the risk that something really illegal could be going on but they also see that if people really begin to use this they could miss in a bunch of taxes so they do not want to legalize it and regulate it, but if they refuse to do so then people are going to use it anyway and they are going to miss on that money as well, so they are trying their best to regulate bitcoin so they can get profits out of it but at the end I think regulation is going to fail as well as people are simply going to do whatever they want with their bitcoin.

[Ladyvirgo]

  Need to understand that governments for the most part have an innate desire for centralized things,they will do the same,but doing so will still not give bitcoin control.They want every single aspect of life the the citizen is go through their hands.why do you think allow social networks to serously invade the privacy of their citizens?because they benefit from it,instead of detecting their own citizen the economy.At the time bitcoin challenged them and they don't like it a bit..

[pecson134]

This is bound to happen even how eager bitcoins wants to be independent with government regulations. If the government sees an opportunity to have something at their advantage they would do anything to integrate it their system like bitcoin for example which could bring vast opportunities economically.

[Imran232]

I don't think that blockchain technologies Bitcoin care about government thought. What government want that is bitcoin need should legalization or not. Bitcoin don't need any government support. Bitcoin is its own boss, its own country, its own government. If government approve bitcoin then its okay or if government says we are not agreed to legalize it. Then bitcoin will be replied so what i don't care we are our own country. Now what do YOU think? Its my opinion.

[lepbagong]

This is bound to happen even how eager bitcoins wants to be independent with government regulations. If the government sees an opportunity to have something at their advantage they would do anything to integrate it their system like bitcoin for example which could bring vast opportunities economically.

all countries will do this if it is very profitable for state revenue as a result of the rules made by the acceptance of bitcoin. but the decision will clearly be well thought out because bitcoin is known to be difficult to check if there is no clear regulation from the government that wants to adopt it.
profit and loss will be considered as carefully as possible because it is feared that the government will actually be made difficult on the way after the receipt of bitcoin.

[icy3]

They can take their regulations and shove it up their a**holes.
Bitcoin is cross border, once enough people enter the world of Bitcoin, no regulation ever would be able to undermine it.
you can't have the same stupid regulations all over the world, so there is always a way for Bitcoin to thrive!

[so98nn]

I always keep saying this is not a big deal if you are earning bucks in bitcoin and paying your returns or at least showing up the income in your IT returns then you are good to go! In our country the crypto currency concept is completely ban or at least unofficially declared illegal but still I always show my assets in it. This is far better than hiding it and then regulatory authorities finding about it. So if I have use to Kyc to adopt any process then I'm completely fine about it and would use it in normal way only.

I think people who are more or less into black money or money laundering business are the one who fear the crypto Kyc. I mean come on we keep doing KYC for so many things in our real life so what difference it makes if you do it in the crypto sphere.

[btctaipei]

regulation? Of course! How about Constitution amendment?
the sheeple in US of A can roll back the debt clock; if U.S. Constitution be amended so:

1) In the purest form, Gubment needs BTC since it was created by the people and for the people.
2) State official shall have honorably served and be an veteran of foreign campaign and engaged in hostilities.
3) All Excise, tariffs, and duties shall be remitted with BTC
4) Under Congressional supervision, Secretary of the Treasury shall maintain convertibility of BTC to basket of commodities to include major domestic agriculture specimens, Energy, and the like to the best interest of the United States.
5) Under Congressional supervision, Federal Reserve shall maintain liquidity and ensures decentralization
and of BTC offchain payment channels.
6) Commerce Department shall maintain sufficient channel capacity to facilitate for BTC offchain payment.
7) No commercial entity, including bank and covert elites shall fund campaign to public offices unless publicly declare and provide cryptographic signatures to attest all BTC holdings.

Instead of servicing public debt with ever dwindling dollar, by having Treasury increase its BTC holdings,
U.S. will dominate the BTC space by adopting an unit of account that appreciate
at a rate to outpace current rate of compound interest and put an stop to monetary policy that are inflationary and based on fractional reserve borrowing.

Make America Rich Again [MARA] is possible,
U.S Debt clock would immediately run backward upon adoption of aforementioned policy.

[sapnu]

I don't think that bitcoin is at risk of regulation since there are lots of big companies are now adopting bitcoin, primarily as a payment method since it is safe and faster than doing bank transaction or fiat transaction. But still there are lots of people who are still doubting bitcoin, there are still countries that are banning bitcoin and prohibiting the people to use it. I hope that someday those countries are gonna recognize bitciin as a good investment and a good way of payment method.

[Dsdaq]

Regulations are need in other to keep bitcoin healthy as I see it. If you look at the number of illicit activities that criminal are using bitcoin or crypto for that's to bad. We should be expecting some upcoming blocking technology that will as kyc from users very soon especially government owned ones.

[Luzin]

I hope that someday those countries are gonna recognize bitciin as a good investment and a good way of payment method.

Yes, bitcoin does have its advantages, but the country is scared because it can't control it. The value is also always changing so that it can cause losses. That is the reason why some developing countries still have difficulty legalizing bitcoin. Many thought it could destroy the country's economy. In addition, the issue of using bitcoin as a means of transacting illegal goods has made Bitcoin's image negative. In contrast to fiat, which has been recognized around the world and has become a legal payment that can be controlled existence.

[greenbee]

In fact, Bitcoin is an unlikely situation with centralized regulation, at least it may not be global in nature