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Bitcoin must be regulated

By jobeard ยท 9 replies
May 24, 2018
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  1. BITCOIN and cryptocurrencies must be regulated (as) head of the International Monetary Fund (IMF) Christine Lagarde has declared as she calls for global co-operation on how to govern the digital tokens.
     
  2. captaincranky

    captaincranky TechSpot Addict Posts: 13,843   +3,247

    But wouldn't that take all the income tax evasion, fraudulent new coin startup schemes, coin exchange ripoffs, and similarity to a chain letter scam, fun out of it?
     
  3. MaikuTech

    MaikuTech TS Maniac Posts: 785   +140

    Its about time that finally took place, atleast it will start to stablize digital currency, so would be people can't do what they want behind the scenes.
     
  4. Netfox

    Netfox TS Member Posts: 55

    I'm sure that there are no person or bank for now that can regulate a Bitcoin course. It's almost impossible as it depends on lots of factors that can't be regulated.
     
  5. Scarletemilye

    Scarletemilye TS Rookie

    The bitcoin is popularly known for its decentralized nature. So how it can be tapped or regulated by the central authority? It's not possible.
     
  6. MaikuTech

    MaikuTech TS Maniac Posts: 785   +140

    Yes it is bitcoin won't be going away, the more bitcoins are used, and become an economic problem world wide.
    I'm betting the United States of America, U.K. and some other countries governments will regulate it.
     
  7. GaryMove

    GaryMove TS Member Posts: 88   +6

    No way.
    if it will be regulated it will lose its decentralized status.
     
  8. MaikuTech

    MaikuTech TS Maniac Posts: 785   +140

    Thats fine with me, I rather not have a new loose currency that isnt being monitored and regulated correctly.
    Wether it be rich people, cyber criminals, criminals, normal consumers.
    People will abuse the living **** out of it if isn't watched properly.
    Go take a nice long read about bit coins causing issues.
    To be honest I don't like bitcoins period, I rather deal with real money and not some stupid data bit thats called *money*.
     
  9. Denise Hilton

    Denise Hilton TS Rookie

    Do you really think Big fishes will let that happen? They don't want crypto currency to replace their original cash currency at all.
     
  10. Mightweb

    Mightweb TS Rookie

    Before you keep the bitcoin a international monetary fund . You need to wipe out smuggling, terrorism, control over banks and foreign exchange from one single control that is when you don't have any country but a single country called earth .
     

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