I doubt if it will ever be because bitcoin being a decentralised currency is a major reason why people trust it. If it comes into the hands of the government, people will start dumping it.
the government will never even be able to fully regulate bitcoin. the government only regulates the use of bitcoin and cannot change the system that has been created in it. Regulations are only as rules regarding the use of bitcoins and nothing more than that. Even though the government enforces strict regulations, bitcoin users will still use bitcoin. 
Topic: Will bitcoin ever get regulated - page 6. (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?
Nope and this will definitely destroy the purpose on why cryptocurrencies are created in the first place.
The reason on why Satoshi Nakamoto created bitcoin is because he wanted to have a currency which is decentralized (no regulation from any third parties) in which anyone can transact along the blockchain. Since this removes completely any third parties from accessing or recognizing your transactions, miners are the ones who are responsible for validating your transactions as you use your BTCs.
Again if BTC were to be regulated, this will be no less than fiat- meaning governments or third parties would be able to regulate its transactions, which ultimately contradicts on why BTCs were created in the first place.
Bitcoin server is controlled by Bitcoin Users. It is first server in the world which is controlled by users. Company of bitcoin only manage and develop hardwere amd software for bitcoin.
I doubt if it will ever be because bitcoin being a decentralised currency is a major reason why people trust it. If it comes into the hands of the government, people will start dumping 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?
Governments could ban the use of bitcoin even if they can’t take over the system at the technological level. People could keep using bitcoin in that scenario, of course, but it would be like dealing drugs. Most people don’t want to deal drugs even if it’s profitable because the consequences of being caught outweigh the profit for most. That said, I’m a bitcoin speculator. I believe in it’s medium-term growth and, potentially, long-term success if it’s not banned or heavily constrained by regulations. But I prefer to speculate instead of holding because of this potential ban/regulation that could destroy bitcoin’s price overnight.
Bitcoin is decentralized. If Bitcoin is used frequently, the government will find ways to regulate it. The economy occupies an important position in the country. But I still hope that Bitcoin will not be regulated so that people can freely pay for what they want.
If bitcoin users become more massive then all countries will immediately implement regulations, I'm sure there is no reason for any country to stop and refuse bitcoin so giving permission is a better thing. the presence of regulations can certainly reduce project fraud that is increasingly massive.
Bitcoin is a decentralized asset and a randomized system making it difficult for anyone to manipulate. the government can only regulate and supervise crypto whether the crypto is using the wrong system so that it can result in the loss of others while bitcoin itself cannot be regulated by any government.
Bitcoin is a decentralized currency and cannot be manipulated or fully controlled in any way.
When Bitcoin is legally used in some countries, the government will supervise and track its transactions.
When Bitcoin is legally used in some countries, the government will supervise and track its transactions.
Can a decentralized currency like bitcoin ever get regulated?
No. Bitcoin is decentralized and censorship resistant. Only exchanges and centralized services will be regulated and this is not new.maybe, in some country, they make new crypto current than they regulated it as much as they can. what make people attract maybe just available bonus, then back to primary coin.
in my place crypto is bad thing, but there is a big party make new currency based on crypto.
hmm, i think it will hard to answer your question, right now there are 195 countries in the world, and if we want to makes bitcoin regulated in a good way, we must need 195 countries to makes the rules about bitcoin, and i think from 195 countries, there are countries that disagree about bitcoin, why? because they can't track the money, so it can makes the criminals in that country increasing, so if you think about the regulated bitcoin, i think we need a long way to go there
if you will just spend some time scrolling above , all the answers had been given and completely , so what is hard for you here?Bitcoin cannot be regulated but exchangers and services will be fall from regulations but not bitcoin.
Can a decentralized currency like bitcoin ever get regulated?
No. Bitcoin is decentralized and censorship resistant. Only exchanges and centralized services will be regulated and this is not new.maybe, in some country, they make new crypto current than they regulated it as much as they can. what make people attract maybe just available bonus, then back to primary coin.
in my place crypto is bad thing, but there is a big party make new currency based on crypto.
hmm, i think it will hard to answer your question, right now there are 195 countries in the world, and if we want to makes bitcoin regulated in a good way, we must need 195 countries to makes the rules about bitcoin, and i think from 195 countries, there are countries that disagree about bitcoin, why? because they can't track the money, so it can makes the criminals in that country increasing, so if you think about the regulated bitcoin, i think we need a long way to go there
The world is a competitive scene where capitalists are trying to make maximum profits from every goods and services.. and if Bitcoin is accepted by the two powerful financial capitalists institutions (IMF and World Bank), to exchange goods and services, Bitcoin can be regulated. Because if Bitcoin affect dollar exchange rate.
The founder of Bitcoin should maintain his part of the agreement on terms and conditions.
The founder of Bitcoin should maintain his part of the agreement on terms and conditions.
So do you expect Satoshi to take care of this matter. We all know that up until now, his identity is a mystery. So whatever people want to do with btc, government or regular user, it is up to them. But I don't think, he will come out and say something about his decision on this matter.
But regulate bitcoin? This is hard as it is decentralized. They may regulate it at a certain level, but they can't get the whole picture of it. So if they just want to get some share from crypto businesses they can. But to have full control, I don't think so.
Bitcon is decentralized which means government cant regulate it,
Not only government cannot regulate it, but any institution or individual cannot control it as well. Bitcoin is purely decentralized, it is the advantage of Bitcoin. As far as I know, there is no way to regulate Bitcoin, Satoshi made it with a perfect plan. ~Bitcoin can be regulated. Because if Bitcoin affect dollar exchange rate.
How to regulate Bitcoin?Please tell me if you know that way.
I think when btc has been accepted by various sectors and society then that's when bitcoin regulations will be developed by both the government and the bitcoin authorities themselves.
Usually when a system has involved more people it will be more complicated and complex, that's where regulation is needed to break that complexity.
We dont need regulation but rather acceptance but theres no way we coul avoid such scenario because government would really make involvement no matter what and they dont really like to get behind and on things which cant really be controlled. Regulation is something that cant really be avoided Usually when a system has involved more people it will be more complicated and complex, that's where regulation is needed to break that complexity.
and speaking with those platforms then they cant avoid such thing but regulating technically couldnt really be possible on Bitcoin.
We dont actually need that but there are things which cant really get rid of.
The world is a competitive scene where capitalists are trying to make maximum profits from every goods and services.. and if Bitcoin is accepted by the two powerful financial capitalists institutions (IMF and World Bank), to exchange goods and services, Bitcoin can be regulated. Because if Bitcoin affect dollar exchange rate.
The founder of Bitcoin should maintain his part of the agreement on terms and conditions.
The founder of Bitcoin should maintain his part of the agreement on terms and conditions.
Bitcon is decentralized which means government cant regulate it, I believe because government believe they can't control bitcoin that's why they are finding it difficult to adopt it because they believe it can't be controlled by them not like the normal fiat which we know they are do anything they like at any moment for example government of a country can decide to print more money at any moment but bitcoin is not like that we are having only 21million bitcon and after all bitcoin have been mined then no more new bitcoin will be created.
We acknowledge presently Bitcoin is mot powerful,efficient and transparent.Bitcoin is decentralized which provide you independance and no limits to induce endorsement from third party. On the off chance that the government need to follow the wallet of a particular person, they can do so without prevention. Also If govrnment legalize it at that point it'll be advantageous for government to produce income from the exchanges and keep up solid Kyc that follow the exchanges.
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?
Over the years we've seen multiple countries express hostility towards Bitcoin and have also issued/imposed sanctions and regulations over the network in their country, the thing is, this countries are constantly irked that they can't control the Bitcoin network just as they do with their fiat currency, and again, they do not want their citizens to experience the freedom of funds and control that Bitcoin offers its users, they want them to only use fiat and cbdc's that's controlled by them.Having said that, there is definitely a limit to their level of regulation, they can't control the network, they can only make it somewhat difficult for their citizens to purchase or use Bitcoin, but the network will always be away from the reach of the government.
I think when btc has been accepted by various sectors and society then that's when bitcoin regulations will be developed by both the government and the bitcoin authorities themselves.
Usually when a system has involved more people it will be more complicated and complex, that's where regulation is needed to break that complexity.
Usually when a system has involved more people it will be more complicated and complex, that's where regulation is needed to break that complexity.
I don't think government could regulate this. Bitcoin is a decentralized program. There's miner's are still here so it's impossible to own all of bitcoin and manipulate this.
Just think about it when government will be aware of this currency and start to adopt this peoples will also aware of this. There was a tweet in past I've seen that If every millionaire started to buy bitcoin then they won't be able to buy a bitcoin.
If you are aware of that government are starting to manipulate you will you support that government for next year ?
Overall I think it's not possible
Just think about it when government will be aware of this currency and start to adopt this peoples will also aware of this. There was a tweet in past I've seen that If every millionaire started to buy bitcoin then they won't be able to buy a bitcoin.
If you are aware of that government are starting to manipulate you will you support that government for next year ?
Overall I think it's not possible
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