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[aryan4]

Lloyd Blankfein, a guest on CNBC's Squawk Box program, noted that Bitcoin could be beneficial.
Thinking that Bitcoin could work, Lloyd Blankfein is still very skeptical about the future of Bitcoin. Because, according to Lloyd Blankfein, the upcoming legal regulations could damage Bitcoin.
What do you think of these thoughts?

 

[aryan4]

Legal regulations related to Bitcoin are more on the agenda now. Someone who says that it is useful for Bitcoin is uneasy about legal regulations. I hope these arrangements will be made as soon as possible.

 

[Niftyicon]

I feel that his skepticism is partly justified. The benefits of bitcoin as a cryptocurrency is quite huge but at the same time its volatility makes its future unsure.

 

[fastmoney1]

Legal regulations related to Bitcoin are more on the agenda now. Someone who says that it is useful for Bitcoin is uneasy about legal regulations. I hope these arrangements will be made as soon as possible.

Well there are still some people doubting bitcoin while there are others who are obtaining their benefits by investing in cryptocurrency, the regulations are not bad and it all depends on what purpose they are carried out.

 

[Josemendez]

Lloyd Blankfein, a guest on CNBC's Squawk Box program, noted that Bitcoin could be beneficial.
Thinking that Bitcoin could work, Lloyd Blankfein is still very skeptical about the future of Bitcoin. Because, according to Lloyd Blankfein, the upcoming legal regulations could damage Bitcoin.
What do you think of these thoughts?

To an extent , I think I quite agree with him on this. There may come a time when the government rules on bitcoin will affect the interest of investors

 

[Wisdom01]

The legal regulation would only help bitcoin and not damage it because a lot of people would have confidence to invest in it , since there is some level of regulation

 

[GoldenLady]

Legal regulations related to Bitcoin are more on the agenda now. Someone who says that it is useful for Bitcoin is uneasy about legal regulations. I hope these arrangements will be made as soon as possible.

Anybody that's serious about cryptocurrency, especially Bitcoin knows that legal regulations about it are a cause for concern.

The only thing hindering these is that there is no culprit to place the full blame on yet.

 

[Josemendez]

The legal regulation would only help bitcoin and not damage it because a lot of people would have confidence to invest in it , since there is some level of regulation

To an extent this is true ,however it is also possible that the regulations may not be convenient for small investors due to the high fees in place .

 

[SCAMEXPOSER]

If cryptocurrencies must exist fully or in a very friendly environment there is definitely going to be in regulation because no government will definitely be happy or comfortable having a an asset that is been traded under ut watch without having the knowledge or accountable fact about it.

 

[Josemendez]

If cryptocurrencies must exist fully or in a very friendly environment there is definitely going to be in regulation because no government will definitely be happy or comfortable having a an asset that is been traded under ut watch without having the knowledge or accountable fact about it.

Well , this is quite true but the issue here is , what type of effect will the regulation have on the citizens ? Will the government seek for more of their own benefit ?

 

[SCAMEXPOSER]

Well , this is quite true but the issue here is , what type of effect will the regulation have on the citizens ? Will the government seek for more of their own benefit ?

Very likely the government Will license the exchange platforms that will run Crypto to fiat currencies in it Local currency and enforce full time KYC to all members and other measure I don't know of.

 

[Josemendez]

Very likely the government Will license the exchange platforms that will run Crypto to fiat currencies in it Local currency and enforce full time KYC to all members and other measure I don't know of.

I see that too. And whatever exchange they are going to put in place will have strict regulations and taxation policy that may or may not discourage people