Post
Topic
Board Bitcoin Discussion
Re: Will bitcoin Die because of global Regulations?
by
Sexie
on 02/08/2018, 07:56:31 UTC
Frist China want to ban all the foreign exchanges in their country.
https://www.ccn.com/china-looks-ban-centralized-cryptocurrency-trading-reports/

then France Creates Working Group for Cryptocurrency Regulation
https://cointelegraph.com/news/just-one-person-found-to-have-caused-bitcoins-jump-from-150-to-1000-in-2013

then German Central Bank Director: Crypto Regulations Must Be International
https://cointelegraph.com/news/german-central-bank-director-crypto-regulations-must-be-international

Also India already setup a board for crypto regulation.

What is happening all over the world?Something whats soul purpose is to be decentralized will eventually be centralized?

How much do you think a global regulation on crypto will affect the overall market in this year?




As Bitcoin been created as a decentralised digital currency  ,a peer to peer and  there is anonymity for those globally using it ,  I think , it Will affect the Bitcoin community, if ever there will that global regulations. Or even a Very long process to  trace people who owned such Bitcoin and  another thing , corruption Will have a greater chances because regulating it Will impose higher fees , more people involve in every transactions.