Hi all!
People in this forum and in many other discussions are fast to talk about the 'need for regulations'.
Most of the times it is in connection to mass adoption and for price speculation ideas.
Is regulations really only for Bitcoin to increase in price? What about the whole idea about a P2P currency without governments and banks being involved as a middle man .... Regulations issued by authorities, is that not only for the old system to take control of this emerging p2p currency market? I dont know but why should Bitcoin be regulated by governments and other authorities according to you?
Regulations made by the government solely to oversee the circulation of BTC used for legal activities are not illegal. The term is that all transactions using BTC or activities related to BTC are legal. And the government cannot mix hands, in my opinion, the government actually gives free access to BTC in the region. The biggest role of the government will be supervising, not taking control.
And in my opinion, if the government legalizes and provides clear regulation on Bitcoin, the best impact is mass adoption and use of BTC as the mainstream of transactions. This will trigger price increases,