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Author Topic: Will bitcoin go under regulation  (Read 16531 times)
Kez1817
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August 10, 2018, 10:39:50 PM
 #801

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 ?

   Yes of course they can regulate it if they will make it legal in every country. There is no impossible for the government. There are only two ways Government can do either they make bitcoin legal or they ban it.

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Wish 107.5
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August 10, 2018, 10:52:25 PM
 #802

For me looking at how things are going and the way various government are trying to sabotage the system, i think a time will come that many governments will ask for that but i don't see it happening now.
I think bitcoin will go under regulation, sooner or later government will ask for it but yes, today is not the right time for it. In tge near future it will.

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August 11, 2018, 12:17:05 AM
 #803

Unfortunately, governments have some problems about bitcoin and other cryptocurrency. It’s true that they see crypto as a threat. I know there are people who use btc for financing terror organizations or illegal things, but on the other hand it has a great potantial to use for goodness. Governments can do some regulations but i don’t think it will end the btc.

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Zaarin
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August 11, 2018, 04:35:06 AM
 #804

I think regulations will be pleasurable for Bitcoin and the crypto currency world. I think that regulations will at the forefront happening happening the governments and vast financial institutions to believe and run Bitcoin improved. They will as well as be dexterous protect their people from those fraudsters and scammers who are using Bitcoin, alt coins and ICOs to maltreat some people. I succession on that as soon as that happens, people will have more confidence upon cryptos so it is easier for them to invest upon it.




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August 11, 2018, 04:37:28 AM
 #805

Whether it is bad for the world or not no taxes, low transaction fees and no KYC are the main attraction for some user's in the Bitcoin system but once it goes under regulations everything will change and it won't be any different than a fiat currency   
Viendong6158
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August 11, 2018, 05:26:30 AM
 #806

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
 #807

Hi,

everybody.
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August 11, 2018, 05:35:45 AM
 #808

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
 #809

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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BertoloyBTC
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August 11, 2018, 06:05:27 AM
 #810

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
 #811

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.
fipper
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August 11, 2018, 06:50:16 AM
 #812

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

Bdstar
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August 11, 2018, 06:59:44 AM
 #813

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
 #814

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
 #815

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
 #816

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.
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August 11, 2018, 01:12:55 PM
 #817

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
 #818

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
 #819

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
 #820

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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