Perhaps, it was started already in some places. Like those countries that legalized Bitcoin is something that has been applied but I believe it was for the good of everyone and to stop any illegal activities (fraud).
People will then think about losing their anonymity and that can be possible and besides, even using exchanges we've been losing it. To comply with KYC as we are worried about once it becomes regulated, that would be asked but why we should have not complied with it if we don't have any illegal intentions?
As it was started, that certainly be going to continue but I think, the volatile nature of the market remains.
Topic: Will bitcoin ever get regulated - page 11. (Read 1628 times)
This topic have taken the center stage of my thought we have seen how countries around the world are gradually opening the economy to adopt bitcoin and as a result a lot of government policies are already underway to develop a framework that allow regulation of the bitcoin ecosystem which have made me to wonder on this topic. Can a decentralized currency like bitcoin ever get regulated?
in theory a decentralized currency such as bitcoin cannot be regulated because it is only based on supply and demand, besides that the creator of bitcoin is anonymous, so it is very difficult to regulate it. the government can only regulate platforms where bitcoins circulate such as crypto exchanges and crypto wallets by requiring taxes or other rules.Decentralized currencies like Bitcoin are difficult to regulate, so where are countries that prohibit the use of Bitcoin, some of its residents are still finding
ways to keep investing in Bitcoin. This means that the government cannot regulate Bitcoin as a whole, therefore most countries still limit the use of
Bitcoin, usually only allowed as a digital asset. Even in my country, the government is only able to regulate local exchanges that are used to trade Bitcoin
or some online wallets. Therefore, what the government of El Salvador did by legalizing Bitcoin as a legal tender was really very brave, because it is
not easy to regulate Bitcoin.
Can a decentralized currency like bitcoin ever get regulated?
yes you can, if we look at history a hundred years ago things like gold, diamonds, iron, oil, were not fully regulated, there were no laws around the world about these things I mentioned, but with the passage of time they already have laws about these things. in the case of bitcoin it will also be regulated in each country a few years from now, this is unavoidable
This topic have taken the center stage of my thought we have seen how countries around the world are gradually opening the economy to adopt bitcoin and as a result a lot of government policies are already underway to develop a framework that allow regulation of the bitcoin ecosystem which have made me to wonder on this topic. Can a decentralized currency like bitcoin ever get regulated?
in theory a decentralized currency such as bitcoin cannot be regulated because it is only based on supply and demand, besides that the creator of bitcoin is anonymous, so it is very difficult to regulate it. the government can only regulate platforms where bitcoins circulate such as crypto exchanges and crypto wallets by requiring taxes or other rules. 
If there's a law of regulation in your country on bitcoin and that is it's up to you if you will follow the law that can be you are regulated. But if not, you can do it too, because being regulated is our option but not directly on bitcoin, it's on exchange and wallet that we used, it's a 3rd party that implements regulation towards bitcoin users. But in fact, if you really become completely anonymous on bitcoin and yes, you can. So the answer is it will depend on us and the regulation will not hit directly on bitcoin.
Can a decentralized currency like bitcoin ever get regulated?
Technically, it can to an extent. And that will be by way of regulating CEXs it's traded on. But beyond that, no; it can't. Even without exchanges, Bitcoin can still be traded via wallets. The only reason people go through exchanges is because exchanges offer more options and numbers for trades. Minus that, Bitcoin trades can easily go on without exchanges. At the moment, that's the situation.Regrettably however, I think at some point in future various governments will introduce more measures that are likely to strip Bitcoin of its privacy. You know, it's often a little to the right and a little to the left sort of thing with government.
As Bitcoin is fully decentralized by nature so it is not possible to regulate it. But we have to use broker or exchange to liquidate or trade our coin and most of the reputed exchange are centralized and required KYC documents to withdraw funds, that's why our Bitcoin can be regulated by the government or exchange. Since we don't have the private key, hence we don't have any control over our funds in exchange.
Bitcoin cannot be regulated and no countries may be able to do this.
But, each country can make certain regulations related to Bitcoin. For example by making new rules when going to invest in Bitcoin or cryptocurrency, making some new taxes or higher taxes, banning Bitcoin, legalizing Bitcoin, and some others.
And some countries may also create some limitations in order that their citizens will not be involved again to Bitcoin, or reduce the involvement to Bitcoin such as making more strict regulations to the selling or trading of Bitcoin, exchanges, certain crypto platforms, and some others.
but with those, all limitations and regulations to the people, will it mean to regulate Bitcoin? No.
Because those people can still reach Bitcoin, can still be involved in Bitcoin, can trade or even invest in Bitcoin even with very difficult ways to get it.
But, each country can make certain regulations related to Bitcoin. For example by making new rules when going to invest in Bitcoin or cryptocurrency, making some new taxes or higher taxes, banning Bitcoin, legalizing Bitcoin, and some others.
And some countries may also create some limitations in order that their citizens will not be involved again to Bitcoin, or reduce the involvement to Bitcoin such as making more strict regulations to the selling or trading of Bitcoin, exchanges, certain crypto platforms, and some others.
but with those, all limitations and regulations to the people, will it mean to regulate Bitcoin? No.
Because those people can still reach Bitcoin, can still be involved in Bitcoin, can trade or even invest in Bitcoin even with very difficult ways to get it.
It can be regulated through financial channels like exchanges, as you have noticed, the decentralized exchanges now are not as decentralized as before and they are not popular anymore. People trust a regulated market and that's the only way to see a growth of adoption on bitcoin. We were happy when El Salvador regulated bitcoin as we thought it will increase the price, so that's the hint to give us an idea of what would happen in the long run if more countries will adopt and regulated bitcoin.
So question is, can it help the crypto market, of course, yes because whether we like it or not, our government will always find a way to regulate any financial tools so they cannot be used for illegal transactions particularly in money laundering and most importantly they can monitor it.
So question is, can it help the crypto market, of course, yes because whether we like it or not, our government will always find a way to regulate any financial tools so they cannot be used for illegal transactions particularly in money laundering and most importantly they can monitor it.
It's very difficult before you can see decentralized platform been regulated, which is obvious and understandable that bitcoin is decentralized currency, and it can't be manipulate or control in any means or factor, so therefore it's only centralized platforms own by government or individuals can be regulated as per say, using fiat currency as means of illustration, since each country have their own fiat and centralized platforms that form a committee that controls and deliberates on its value via economy, it's their right to regulate to any kind of their test or measure, so in bitcoin their is no organization that superhead the regulation of bitcoin. So in conclusion bitcoin can't be regulate.
There'll probably be more laws introduced about bitcoin which will regulate it. For instance, they may make it disgustingly difficult to avoid KYC or illegal use bitcoin without reporting it.
If the government can completely cease decentralized exchanges and most importantly the P2P means of exchanging. The effective tools of the governments are the centralized exchanges, centralized wallets and other centralized crypto service providers. For people that are privacy concerned and do not joke with privacy and anonymity, the governments will find it hard. This topic have taken the center stage of my thought we have seen how countries around the world are gradually opening the economy to adopt bitcoin and as a result a lot of government policies are already underway to develop a framework that allow regulation of the bitcoin ecosystem which have made me to wonder on this topic. Can a decentralized currency like bitcoin ever get regulated?
If the purpose is necessary and a must, I think it should be regulated but if not, then it must leave like that (decentralized) forever. I know that some merchants may have wanted to control it, they wanted assurance that they never lose because of the volatility of the market, and regulating it helps to have a less volatile. This can be good, it is not a problem but somehow, due to the greediness of many, that likely it becomes purely manipulated and that certainly has no difference then to fiat money in which crypto holders don't want it to happen, ever. 
Which government do you mean? maybe certain governments just want to adopt bitcoin but not necessarily they can control it, because it can't be an antonym for the government that has prioritized centralization. Two different and contradictory points of view cannot be combined, unless both are given a place according to their respective concepts, namely bitcoin with its decentralization and centralized government that accepts bitcoin's existence.
This topic have taken the center stage of my thought we have seen how countries around the world are gradually opening the economy to adopt bitcoin and as a result a lot of government policies are already underway to develop a framework that allow regulation of the bitcoin ecosystem which have made me to wonder on this topic. Can a decentralized currency like bitcoin ever get regulated?
It is, has and will be regulated - there is no doubt about it. People who sit on cryptocurrency as a large investment inevitably cash it out as the price goes up in order to meet their living expenses or simply put it into other assets such as property. When you make that transaction and large sums of money suddenly appear in your bank account, you better be sure that your financial transactions and traceability are all in order because the tax man will come knocking very shortly. Banks receive the money and have to comply with local regulators along with anti-money laundering regulations which means you need to explain where that cash is coming from in most countries. It has only got stricter over time as governments see the vast amount of money that is slipping through their fingers and new taxes are often being introduced all around the world to target crypto and similar forms of tradeable items.
In fact, Bitcoin is more transparent than Fiat Money. Bitcoin's transparent ledger makes it possible to trace all transactions easily. If the government wants to trace the wallet of a specific individual, they can do so without hindrance. Various coin mixing services and now under KYC and AML law, meaning the government can trace you if it wants even if you use mixing service. Technically it is censorship resistant but practically I don't know how effective is it.
We all know about this but as mentioned already many times authorities sitting in governments and having controlled things are not feel better with this way so just because of this trying to control indirectly they feel it's not possible to do this all directly. KYC is also just part of this all because they need all updates about peoples involved in this all.Personally I am not worried about bitcoin regulation because government definitely will do it in one way or other. When we prepared to face any such kind of situation then I guess there will be no problem at all on having bitcoin regulations at any near future.
Only exchanges and centralized services will be regulated and this is not new.
That's one big "only", because overwhelming majority of bitcoiners use those services. Without centralized exchanges Bitcoin wouldn't reach even close to the current price, and adoption would not be as high without convenient and safer buying and selling.
Government doesn't really care if some crypto geeks are sending each other $500 in BTC without KYC, as long as they control the large flows of money, they will consider it regulated enough.
It will be regulated but not directly because only a 3rd party financial institution which is centralized can be regulated, when we see regulation, that means the essence of decentralization will not be completely enjoyed because once we use it through exchanges and other similar institutions, we have to comply with the basic requirement like the banks are imposing which is the KYC.
Can a decentralized currency like bitcoin ever get regulated?
Capital No.This topic have taken the center stage of my thought we have seen how countries around the world are gradually opening the economy to adopt bitcoin and as a result a lot of government policies are already underway to develop a framework that allow regulation of the bitcoin ecosystem which have made me to wonder on this topic.
You shouldn't expect something less from the government than a centralization method operation and they now want to support Bitcoin because they see that it is impossible for them to stop its existence. However, they can only regulate crypto exchange sites not Bitcoin and that will be also CEX exchange cause they cant regulate fully DEX exchange.
In fact, Bitcoin is more transparent than Fiat Money. Bitcoin's transparent ledger makes it possible to trace all transactions easily. If the government wants to trace the wallet of a specific individual, they can do so without hindrance. Various coin mixing services and now under KYC and AML law, meaning the government can trace you if it wants even if you use mixing service. Technically it is censorship resistant but practically I don't know how effective is it.
This topic have taken the center stage of my thought we have seen how countries around the world are gradually opening the economy to adopt bitcoin and as a result a lot of government policies are already underway to develop a framework that allow regulation of the bitcoin ecosystem which have made me to wonder on this topic. Can a decentralized currency like bitcoin ever get regulated?
Talking about Bitcoin itself, as what others mentioned above, hell no. You already mentioned "decentralized" there, buddy.Using custodial wallets that allow people to receive and send Bitcoin? Yes, in fact KYC is a lot stricter on my own custodial wallet whenever someone is freshly registered.
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