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Tuesday, 20 February 2018 12:37

Bitcoin and the need for its regulation

Currently bitcoin has become one of the biggest trends among young people and adults, this being a virtual cryptocurrency capable of exceeding eleven thousand dollars.

However, due to its extreme value in the electronic market, some experts have finished studying its phenomenon; thus arriving at the conclusion that its purchase and sale must be regulated, as it only threatens many unwise users.

WHY SHOULD THE PURCHASE AND SALE OF BITCOIN BE REGULATED?

Bitcoin has become a terrible global threat to the economy of all people, capable of changing it completely.

This is not only due to the fact that its price has ended up multiplying considerably with the passage of time, thus exceeding the price of eleven thousand dollars per unit; it is also due to the fact that its technology can end up damaging the position of the banking assets, and, consequently, the economic policies.

WHICH ENTITIES HAVE STUDIED THIS THEORY?

The first to discover the consequences that bitcoin can cause at present was the OECD, informing the whole society in the Technology Outlook. The need to create an international regulation for this novel was established.

Then it was the US Federal Reserve, together with the ECB, who were obliged to recognize that all the cryptocurrencies used today, especially bitcoin, are an economic phenomenon that must be regulated.

It has been demonstrated that these digital currencies are destabilizing elements in the world economy; to such an extent that some banks in the world have implemented the recognition and reception of bitcoin as money.

IS IT STILL SAFE TO INVEST IN BITCOIN?

There are many prohibition proposals that have been requested for bitcoin, from different sectors. But it gives the impression that, in spite of everything, this cybermoney will not stop following its path. Its use has spread throughout the world, making it difficult for the ban to be one hundred percent effective; we must remember, in this sense, that the Internet has no borders.

To all of the above is added the fact that the use of credit cards today has decreased considerably, at the same time as the charges for transactions, which facilitates the appearance and consolidation of new technological payment instruments.

It is easy to predict that the price of cryptocurrencies, and even more so bitcoin, will have ups and downs, but it will never disappear.

A COIN IN EXPERIMENTAL PHASE

Despite the risk of seriously affecting the current economy, there is no doubt that bitcoin can be used for beneficial reasons; as is the case of reducing costs in financial transactions.

Bitcoin can be considered as the first digital currency that does not need the work of an intermediary. In this way, the presence of banks or other processing intermediaries in payments is avoided. The only necessary thing is an Internet connection.

Although it is still in the experimental phase, in many sectors Bitcoin is considered as the digital currency of the future. How to try Bitcoin? The first thing is to visit your home page and set up an account.

https://bitcoin.org/es/

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