Can Bitcoin Regulations Make Cryptocurrency Safer?

Can Government Regulate Bitcoin?

Can Government Regulate Bitcoin? submitted by uixnetwork to u/uixnetwork [link] [comments]

How the South Korean Government Regulates Bitcoin?

How the South Korean Government Regulates Bitcoin?
The South Korean government has started to conduct an onsite investigation on how Bitcoin was being exchanged in the domestic market. It comes after the South Korean authorities legalized Bitcoin to facilitate transfers, trades, travel and payments in 2018. This legalization has spurred the growth of the cryptocurrency in this Asian Country through Blockchain Travel Platform. It is estimated that almost 40% of the working population in South Korea owns at least cryptos worth $3000 each.


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In August 2018, there were speculations that North Korean hackers were targeting South Korean Bitcoin exchanges. These rumours made the South Korean government impose strict regulations on Bitcoin exchanges. The government then formed a task force that could regulate and monitor Bitcoin tokens and other cryptocurrencies operating in the country. The task force was composed of the Central bank of South Korea officials, cryptocurrency companies and financial regulators. The task force discussed issues relating to the banning of ICO fundraising that was violating the Capital Market Act. They also discussed issues on how they would deal with cybersecurity practices that have caused significant client data breaches and in turn customers had lost their money.

The South Korean government aims to implement new regulations that will curtail the cryptocurrency boom. The new rules will restrict investors who are not accredited from using the Korean trading platforms and new exchanges will have to be approved before they are brought to the market. However, the South Korean authorities have not so far implemented the regulations on bitcoin. South Korea is a leading cryptocurrency hub in Asia.
submitted by cyrilmartinnn to CryptocurrencyICO [link] [comments]

How (technically) can governments regulate bitcoin?

I have been in the P2P game for a long time and watched it evolved and seemed nearly unstoppable by gov't. I am wondering, how can the US government truly, long term control bitcoin w/ regulation?
It seems to be that if gov'ts block exchanges, they can be made decentralized as well or just done through tor.
If they make the transactions illegal then they would have to know every transaction that is happening which would be illegal as well and still could be worked around using something other means.
Short of cutting off access to the internet, I dont understand how gov't can get in front of it. If adoption continues, then it will become too big to avoid. So what happens then. Right now the 1.4trl produced in fiat by the reserve doesn't seem concerned with the mere 0.1trl global market cap of crypto but when that market cap is 0.5trl, 1trl.
I mean, lets face it, if the govt said tomorrow that Crypto is illegal, would just toss your coins away or would you still find a way to trade w/ them?
In my mind, Bitcoin is building infrastructure and trust as we watch fiat's trust and infrastructure crumble (Panama papers) and become contentious.
submitted by spire8901 to Bitcoin [link] [comments]

How could a government regulate bitcoin?

Could it influence internet service providers to refuse traffic if they know it's a bitcoin being transacted? Or physically shut down miners? Both of those don't seem too feasible. Would there be another way?
submitted by autonova3 to Bitcoin [link] [comments]

So HOW does a government regulate Bitcoin?

I'm puzzled how exactly a government could go about regulating bitcoin. Could they actually regulate transactions in the sense that identities could be tied to each address? Even if they could, wouldn't the extent be to require all US based exchanges to send records of IDs with addresses?
I understand this would still hurt Bitcoin, but it won't really discourage anyone who really wants to use it for anonymity purposes if they are already familiar with it. Couldn't people still obtain BTC from p2p means or through a foreign exchange if they this were the case?
submitted by lechango to Bitcoin [link] [comments]

How could a government regulate bitcoin? /r/Bitcoin

How could a government regulate bitcoin? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Can a government regulate Bitcoin? /r/Bitcoin

Can a government regulate Bitcoin? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin mentioned around Reddit: Should governments regulate bitcoin? /r/AskReddit

Bitcoin mentioned around Reddit: Should governments regulate bitcoin? /AskReddit submitted by BitcoinAllBot to BitcoinAll [link] [comments]

How (technically) can governments regulate bitcoin? /r/Bitcoin

How (technically) can governments regulate bitcoin? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

How can the government regulate Bitcoin?

I always hear the government is going to regulate Bitcoin and then it will lose its appeal. What regulations can a government impose that will regulate Bitcoin? (don't say they will out-law it)
submitted by silver-saguaro to Bitcoin [link] [comments]

Worried about governments regulating Bitcoin, Dont be!

Worried about governments regulating Bitcoin, Dont be! submitted by BitcoinAllBot to BitcoinAll [link] [comments]

GOVERNMENT REGULATING BITCOIN?

GOVERNMENT REGULATING BITCOIN? submitted by BitcoinAllBot to BitcoinAll [link] [comments]

GOVERNMENT REGULATING BITCOIN?

submitted by BitcoinAllBot to BitcoinAllTV [link] [comments]

GOVERNMENT REGULATING BITCOIN?

GOVERNMENT REGULATING BITCOIN? submitted by craigrant to Bitcoin [link] [comments]

Is the U.S. government regulating Bitcoin usage? Bitpay's Stephen Pair explains

Is the U.S. government regulating Bitcoin usage? Bitpay's Stephen Pair explains submitted by bubbafreedom to Bitcoin [link] [comments]

Venezuelan government plans to regulate all Bitcoin mining.

Venezuelan government plans to regulate all Bitcoin mining. submitted by HibikiSS to vzla [link] [comments]

"I just don't understand the computerization of how you create Bitcoin" says Ron Paul.

Time to let him know what Bitcoin is and how it works. You contact Ron Paul through this online form:
http://www.campaignforliberty.org/contact-us/
I say Ron Paul is going to accept Bitcoin for his 2016 campaign.
http://www.ronpaul.com/ronpaul2016/
You can find the original video here:
http://www.ronpaulchannel.com/video/dont-ask-government-regulate-bitcoin/?utm_source=RPFBG&utm_medium=Social&utm_campaign=DailyUpdate
submitted by _professorcrypto_ to Bitcoin [link] [comments]

Regulation?

What are your thoughts, if you have any, on the government regulating bitcoin?
submitted by Ray20995 to Bitcoin [link] [comments]

10-24 08:13 - 'Libra the most ill thought out project.' (self.Bitcoin) by /u/herewegohaveago removed from /r/Bitcoin within 136-146min

'''
Interesting read Libra is a silly notion can’t understand yet why FB would put resources into something that’s untimely at the hands of the government regulators.
Bitcoins on the other hand has many faults but most in governments now clearly understand you can’t stop it globally.
Wake up Zuckerberg lose the narcissistic nature and implement Bitcoin into your plans.
[link]1
'''
Libra the most ill thought out project.
Go1dfish undelete link
unreddit undelete link
Author: herewegohaveago
1: www.forbes.co*/s*tes/kt*rpey**019/10/2*/congr*ssma*-warns*b**coi*-is*a*t*re**-**-t*e-u*-d*ll*r*
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

Are shitcoins just a convenient smokescreen which keeps governments and regulated distracted from Bitcoin? This has to be the most memorable and controversial part of this season 3 finale with Christian (@ck_SNARKs on Twitter).

Are shitcoins just a convenient smokescreen which keeps governments and regulated distracted from Bitcoin? This has to be the most memorable and controversial part of this season 3 finale with Christian (@ck_SNARKs on Twitter). submitted by VampireVlad to Bitcoin [link] [comments]

Columbia Law Professor writes that Bitcoin's only use is crime and all cryptocurrency should be illegal. These are the academic cronies advising the government and scaring regulators

Columbia Law Professor writes that Bitcoin's only use is crime and all cryptocurrency should be illegal. These are the academic cronies advising the government and scaring regulators submitted by jamesishere to CryptoCurrency [link] [comments]

If sometime in the future governments decide to adopt cryptocurrency, will federal regulation of cryptos make bitcoin obsolete?

I was having a conversation with my roommate about how well BTC is doing since I first decided to start buying as an investment. He had a lot to say as a rebuttal was to why he thinks it’s not something that can be sustainable. The main point he brought up is how he believes if governments decide to adopt cryptocurrency at some point, they will create regulations that make it difficult and more expensive to use bitcoin as opposed to the federally controlled cryptos, creating incentive for people to opt for the fed regulated options. I stated that I believe the people who use bitcoin will likely stand by it because of the fact that it is NOT controlled by any single entity. His response was that the controlling elite will always overpower the desires of the majority and either way people who invest in BTC to hold for the long run will end up suffering. All that being said, my roommate always has something to say contrary to any good idea people have and I would say is very much a pessimist, but I did not have any explanation or viewpoint that could sway him in any way. So I’d like to hear what you all have to say about this so that maybe I can be more informed and have different thoughts to challenge his perception on BTC if we do have this conversation again at some point .
submitted by Xitobandito to Bitcoin [link] [comments]

Bitcoin News - Regulated, Government Issued Cryptos to Challenge Bitcoin in 2018 Korean gov't plans to regulate Bitcoin market Korean government holds meeting to regulate cryptocurrency Government is ready to regulate virtual currencies_ hindi भारत बढ़ा Bitcoin की तरफ - Supreme Court Pushes the Government to Regulate Bitcoin

Here’s the thing though, cryptocurrency is not centrally regulated by any government, so every government is taking different approaches to regulating Bitcoin and other cryptocurrencies. There are several areas of regulation that look like they’re coming pretty quickly. Bitcoins themselves cannot be regulated under current law, at least not directly. But certain activities involving bitcoins can be regulated. This came out in a recent hearing held by the Senate Committee on Homeland Security and Governmental Affairs focused on the necessity and ability for the federal government to regulate virtual currencies, such as bitcoin. Discusses the Government Regulation Paradox of cryptocurrencies, which is that cryptocurrencies need government regulation for stability but one of the reasons that investors are buying it in the ... In December 2013, the Chinese government banned financial institutions from using bitcoin, causing a downturn in the cryptocurrency’s value that would set a precedent for its worth over the ... So, too, for many players, is the fact it has been, so far, largely free of government regulation. Bitcoin has been irresistible to get-rich-quick speculators, some of whom made enormous amounts ...

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Bitcoin News - Regulated, Government Issued Cryptos to Challenge Bitcoin in 2018

Indian Government Planning to regulate #BITCOIN. Indian Government Planning to regulate #BITCOIN. Skip navigation Sign in. Search. Loading... Close. This video is unavailable. Watch Queue Queue ... ©BBC 2017 - COPYRIGHT REMAINS WITH THE ORIGINAL OWNER AND IS USED FOR EDUCATIONAL & REFERENCE USE. The British Government is set to regulate cryptocurrencies such as Bitcoin. Emma Vardy takes a look. The Data Protection Commissioner of Schleswig-Holstein, Marit Hansen, explains what crypto is, how it works and why crypto regulations are doomed to fail. Vi... Government-issued cryptocurrency seems to be a likely answer for countries that are looking to ban or regulate the likes of Bitcoin. BTC News is the world's premier 24/7 news feed covering ... 정부, 비트코인 등 가상화폐 규제 Investors in cryptocurrencies like bitcoin have made a lot of money this year. But concerns of a bubble have got the Korean government's attention.

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