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Author Topic: Will bitcoin go under regulation  (Read 2496 times)
Winterwood21
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August 11, 2018, 05:17:20 AM
 #881

The Bitcoin protocol cannot be modified without the cooperation of almost all users, but it is still possible to regulate the use of Bitcoin as well as regulating other financial instruments. Just like dollars, Bitcoin can be used for a variety of purposes, some of which may be considered legal or illegal depending on the law in a country.
The challenge for policymakers, as always happens, is to develop efficient solutions without hindering the growth of emerging businesses and markets.

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Viendong6158
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August 11, 2018, 05:26:30 AM
 #882

Some countries have started the regulations already but the real actualization may not be possible. The government are not doing this for the good of their citizens but for their selfish interest.

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August 11, 2018, 05:33:45 AM
 #883

Hi,

everybody.
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August 11, 2018, 05:35:45 AM
 #884

I personally think bitcoin should not allow others in order to regulate it because if others got the power to regulate it bitcoin will lose its existence and people accept it as it is.

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August 11, 2018, 05:47:09 AM
 #885

Bitcoin is a decentralized blockchain system so it might be a difficult decision for any government to just wake and take, nevertheless, am of the opinion that it should be regulated so it could reduce the rate of crime involve and give acceptance of it anywhere in the world. Government will find it difficult to do, we need to make bitcoin a wold legal tendency anywhere in the world but this can only be achieved by regualated system.

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August 11, 2018, 06:05:27 AM
 #886

If bitcoin will be legalized in the different countries in the world , there should be a conditions and terms in bitcoin and the government because cryptocurrency is a decentralized kind of currency, if the government would regulate it then there will be new sofware for the government to regulate crypto acyivities , I do not think if this soon be realized ,the regulation of  botcoin in the internet.

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August 11, 2018, 06:47:06 AM
 #887

If SEC approve the Bitcoin ETF then it will be somewhat regulated but we can expect that minimum hundreds of millions will be poured into bitcoin which would be a game changer for whole cryptocurrency market.

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August 11, 2018, 06:50:16 AM
 #888

Many government are seeing Bitcoin or cryptocurrency as a threat to their financial system and they think it should be regulated to solve the problem. Do you think they can regulate Bitcoin ?
in my opinion, managing bitcoin cannot do that by regulating its investors, if the government regulates I think bitcoin is an official currency and applies to transactions if the government regulates it certainly must guarantee the security of each investor

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August 11, 2018, 06:59:44 AM
 #889

I think so. Day by day Bitcoin is becoming a popular and acceptable virtual currency around the world so that it should be under regulation. If you want to establish this system for a long time then you have to focus on this system by regulation. So discipline would bring you a credibility and that's the important thing for the monetary issue.

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kiky03
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August 11, 2018, 07:50:13 AM
 #890

I think the world of bitcoin is going to grow bigger, and many governments now worry about the threat of bitcoin and introduce some regulatory measures. If bitcoin is used by more people and industries, the government may relax control of the encrypted world, thinking that it would have a lot of benefits for the economy.

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August 11, 2018, 08:09:13 AM
 #891

Most of the government on the world know see bitcoin as a helpful resourceful for the economy and advance technology. As time goes by it will become regulated in the most part of the world. but we cannot deny that there are still minor who doesn't want to complicate their economy with the bitcoin o they remained the ban on their country.

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August 11, 2018, 09:19:45 AM
 #892

Most of the government on the world know see bitcoin as a helpful resourceful for the economy and advance technology. As time goes by it will become regulated in the most part of the world. but we cannot deny that there are still minor who doesn't want to complicate their economy with the bitcoin o they remained the ban on their country.

Most? I certainly don't think most governments see it as helpful. They view it as a threat to their established dominance over the financial systems. How else could they afford such lavish lifestyles if they weren't collecting immense amounts of tax from the people and huge "donations" from corporate interests? How else could they keep spending fearlessly if they didn't have central banks printing money endlessly to supply their needs? If the people switch to an asset (bitcoin) that has a finite limit and doesn't involve the government, they will lose complete control over this. Therefore, they don't want it to happen.

Honestly, we need a dose of reality around here.
Laily alie
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August 11, 2018, 09:54:43 AM
 #893

I think it's a win for btc if government's accept it and regulate it with fair amount of tax and rules.Strange why some people here are afraid of governments and yet wants bitcoin to become mainstream. No regulation, no chance of going mainstream. Lips sealed Lips sealed

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August 11, 2018, 01:12:55 PM
 #894

Bitcoin going under regulation means like making it centralized which is not a way to solve the problem and it will make Bitcoin core values disappear forever and most people may avoid using Bitcoin due to that so it is a bad idea according to my understanding   

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August 11, 2018, 01:28:14 PM
 #895

Bitcoin going under regulation means like making it centralized which is not a way to solve the problem and it will make Bitcoin core values disappear forever and most people may avoid using Bitcoin due to that so it is a bad idea according to my understanding   

Well people have different opinions and understanding about bitcoin going under regulations, but whatever happens I hope that bitcoin will still going strong and continue to increase its price.

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August 11, 2018, 02:31:38 PM
 #896

I think at some stage governments will be able to influence the price of bitcoins. But... This technology calls into question the existence of the state itself or its individual bodies.

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August 11, 2018, 02:36:51 PM
 #897

Many government are seeing Bitcoin or cryptocurrency as a threat to their financial system and they think it should be regulated to solve the problem. Do you think they can regulate Bitcoin ?






If government accept bitcoin and not ban it they can give rules and regulation on their people on how to use it to avoid using bitcoin in a wrong way. Just like other money, Bitcoin can be used for a variety of purposes, some of which may be considered legal or illegal depending on the law in a country.

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August 13, 2018, 04:01:37 AM
 #898

No one can do that and how that is possible because Bitcoin is build upon a system that no one can interfere or interrupt so it has it's own way of doing things within processes during transactions and making regulations for something in such nature is very difficult to do and even it is does it won't be effective

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August 13, 2018, 05:18:14 AM
 #899

I don't think any government can regulate bitcoin itself or material in every country. In fact, only a few rules at the world level are possible, but I doubt it will happen soon. it would be very disturbing in exchanging banknotes too if the government could control Bitcoin which from income would be taxed or even greater.
In most countries, I am sure, you will not report it and pay taxes.

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August 13, 2018, 05:27:09 AM
 #900

It might be the stake someday that bitcoin will go under regulation but it may take years to that. Some advantages and disadvantages may occur if bitcoin are regulated by a government or institution but most importantly that bitcoin will be here to stay and will always serve the people to its core ideology.

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