Bitcoin Forum

According to my analysis,  Means chairman Richard Neal was a Democrat politician in a Federal showed concern for retiring employees though I'm not sure if I understand this correctly however, you are free to correct me just in case I am wrong. Retirees need to be careful to put their savings on cryptocurrency investors due to the lack of government regulation. And I think his request to the GAO to provide data to cryptocurrency employers so that it can be regulated where they are obliged to pay taxes to the government.

I also like to ask everyone of you here, where if you are in favor that all cryptocurrency
must be regulated under byt the government?

my opinion - If ever all cryptocurrency will become regulated, that means all crypto employers can able to contibute in the economy.
if that happens the economy of the country could also increase, although it will in control by the government.

Do you also think that all retirees savings are prohibited to invest in the cryptocurrency?

my opinion - Not all retirees are open minded into cryptocurrency, there are some of them have an idea about this industry of business.
so if I am one of the retiree and have an idea about in cryptocurrency, I maybe put some of the percentage of my retiree savings
where even I know there is risk, but it still fine due to I am willing to loss it if ever I encounter bad things happens in the market.

Which is more safe Regulated Cryptocurrency or not Regulated?

my opinion - whether cryptocurrency is regulated or not they have both advantages and disadvantages.
Though its another topic, and I don't want to elaborate that.

Crypto market is regulated now. The government however is not in control of it so there is the bipartisan collaboration in the name of Senators Lummis and Gillibrand both from different party passing this new bill. I think it will be regulated still despite the government not able to control Bitcoin and few others but most altcoins can be easy for them to regulate.

Defi is probably going to be regulated too. As for retirees not able to invest in crypto, that would be sad and scary because its what Davos meeting was about also. "You will own nothing and be happy."

All cryptocurrrency can be regulated because most of people trading their coins on centralized exchanges rather than decentralized exchanges, this make regulating all cryptocurrency is possible. But some decentralized coins e.g. Bitcoin and privacy coins e.g. Monero and Zcash can't really be said government have a full control over those coins since some users can use decentralized exchanges. I'd say it's regulated for people who're using centralized exchanges and not decentralized exchanges.

The advantages of government will regulate cryptocurrency is they're give legal permission to buy and trade Bitcoin, this will increase the adoption and in the same time government can earn money through taxing the crypto as trading asset or income. It's both win-win situation for crypto enthusiast and government.

But the disadvantages is some users who have high privacy concern will lose their privacy since regulating Bitcoin and Monero will make them reveal their identity.

Retirees saving shouldn't be forced to paid with Bitcoin, instead offer them to choose either Bitcoin or fiat money.

Safer or not it depends on the crypto itself, if they regulating shitcoins, it's useless since shitcoins is pump and dump coins which easily to be manipulated.

Yes, I don't know about the whole world, but in the vast majority of the world's countries for sure. What I also believe is that regulations are going to become stricter and stricter, imposing more and more KYC. It is as if the authorities, when they realised that they could not put an end to bitcoin, decided to tolerate it in order to control it in a subtle way.

It's pretty much impossible to regulate all cryptocurrencies. It's true that more and more cryptocurrencies, exchanges etc keep getting regulated in different ways as time passes, but there will always be a decent portion of the crypto market which will stay unregulated.

Personally, I don't like regulations since the whole point of BTC and other popular cryptocurrencies is to conduct financial transactions anonymously away from the prying eyes of the government.

Anyone who says that the crypto market is completely regulated now needs to improve his/her brainpower.

Like everything else in the world, cryptocurrrencys is also evolving and changing, so I think that in order for government to not be able to regulate, there will be more services that allow to buy and sell crypto without centralized exchanges.

Oh yeah. Any government wants to get taxes on it, but what they hate the most is that it allows people to get out of their financial control.

A win-win situation is not possible here due to the fact that cryptocurrencys were created in order to be independent of the financial system of governments. By linking crypto with the government, we get the same traditional banking system, but already more rigid for users due to blockchain.

The downside is that everyone will lose privacy, whether anyone cares about it or not.

Crypto and regulations are two different things. Bitcoin was designed to be anonymous and sensorship free. While regulations bring bitcoin under sensorship. I don't think we can call a regulated cryptocurrency as cryptocurrency its just a digital currency. Cryptocurrency at its core is decentralized not centralised.

No, never. I am against this act and government should not interfere with the crypto currencies at all. Crypto currency's first ever agenda by Mr. Satoshi was to create self working systen and ownership of transaction. How can anyone deny the fact that we are able to control our own assets and that to be given into the hands of Government, the same Government whose not supporting you when you need financial assets with their hard rules and regulations.


Why they should care about our retirement money? If I am saving up anything into my retirement plans then thats because I want enjoy my after retirement life, and want to do whatever the hell I want with that money. So if invest it into crypto then I invest into it!


Bite me, Definitely unregulated.

But bitcoin is used by people in different countries led by respective governments. That government has not fully recognized bitcoin and wants to regulate bitcoin or crypto. So even though bitcoin is anonymous, it remains under the control of the government as it runs the government. Indeed, crypto is decentralized but when it enters a country, it must comply with the rules that exist in that country.

How can an argument be built on something meaningless if the United States regulates Bitcoin, will this ensure that its value is stable or less volatile, or what are the risks it is talking about?
What is the role of regulatory frameworks that he talks about? To own fake bitcoins or invest in mutual funds/ETFs?


Governments can impose exorbitant taxes and thus force users not to use cryptocurrencies.
The role of the government, especially at this stage, as the price in the weakest cases may lead to a return the price to 2016 levels.

Many aspects of cryptocurrencies are difficult to regulate and governments cannot easily regulate the content of blockchain, which is essentially a decentralized ledger.
and besides, the crypto market is global and does not depend on financial support or infrastructure from any particular country and which is actually one of the reasons for the existence of cryptocurrencies.
However, moderate pro-regulation administrations can do more to regulate crypto. For example, it is possible to implement regulations to integrate cryptocurrency exchanges into the financial system and although they can regulate them, appropriate taxes and regulations may be imposed.

Which would we rather ask for:  An external/foreign Regulator regulating a living human body which is already self-regulating (or can be self-regulated), Or Regulating the external activities of the Body by external/internal Regulators?
Well, I believe most activities should be done internally and regulated by Internal Regulators.

Neal concern for regulation of cryptocurrency investment is important for this retirees because the market is highly volatile and many might not understand the risk involved coupled with their advanced ages. Regulation of crypto in this context is important.

GAO requested data is to first get the type of employers who offers this crypto investment in tax-advanced accounts using 401(k) plan ( a company-sponsored retirement account that employees can contribute income, while employers may match contributions.) as instance and how the determine crypto valuations and fees, alongside safeguard easures related to those investments.

Well, in as much as we all want total freedom from the government and banks, we must all face the fact, and that fact is that we need or will  definitely need that all cryptocurrencies be regulated if full adoption must happen, and also this will help bring down the number of scammers that go about creating different cryptocurrencies with a target of scamming unsuspecting victims.

This should be an individual decision, no one should be prohibited or stopped from investing their pension savings in crypto if they so choose to, its their money, they have a right to invest it where ever they choose to.
Governments and banks having control over ones financial decisions is the highest form of slavery, and this is one of the advantages of governments regulating crypto.

Like i said earlier, crypto needs adoption, we all want crypto to gain full adoption all over the world, this adoption is likely not going to happen without regulation, and its eminent that without regulation, alot of newbies will continue loosing their hard earned money to scammers and fraudsters through scam and fake coins that are being developed everyday, and the more the news of people loosing money spread, the more many people will get scared and will do all they can to stay away from crypto, so i think regulation is needed so as to bring the full adoption we all want,  but it should be done in a way that makes sure that we still have power over our money and are free to decide what to do with it or where to invest it, this freedom should be maintained.

In general, the crypto market is already regulated now.

yes, we can still transact crypto using our wallet and maybe sell through a p2p transaction, however, we cannot be confident that regulators are not looking into this, their job is to regulate everything, and that's why most of the crypto exchanges are operating under a license because it's the government that wants to ensure financial institutions like exchanges are regulated well.

Regulation is way to mass adoption. Unless and until a robust legal framework is available, merchants will not be accepting cryptos as a payment method. Once a legal framework is available, then it will pave the way for adoption. However, regulating a cryptocurrency is not possible. What possible is to regulate the crypto market within a certain country. Many countries have started doing that but we are still missing a legal framework except few countries like Japan, Germany etc.

It is possible and probably will happen.

You just can't spend your coins legitimately if the government don't allow you to. That's just the way of life and we can't do anything about it. Companies pay taxes and that makes the government their biggest shareholder/partner. Not only that, the government has the power to enforce the law via police. If the gov wants something from you, they get it one way or the other.

It isn't impossible and most likely what will happen if we wish for adoption tbh. There's a reason why fiat still stands even though a lot of people have been saying that inflation has pretty much ruined it. It's not a negative thing, it just controls what crypto originally is, or limits its original capacity. And tbf, even if all users were to be against crypto regulation, they still hold the power to make stores, services, or businesses in general to regulate crypto that comes in or outright not allow it.

Not to mention how most of the people entering crypto themselves are using centralized exchanges.

Retirement money used for crypto is the most logical thing ever. Assuming you are 20 year old right now, keep investing each time you get a salary (considering you get paid monthly) means that you will be able to invest for 40 years, so for 480 times. Not only does this make it automatically DCA as well, it also means that in 40 years god knows what bitcoin will be.

This is why I believe that it is quite important for people to invest into bitcoin for their future. When you are 60, you will retire as a very very wealthy man, in fact, if you start doing it that early, you may retire even earlier if you want to, maybe at 40-50 years old because bitcoin may bring you that much money.

surely the centralization coins will be subject to regulation from the government...

being pseudonymous like satoshi is a genius move because the government will find it difficult to intervene in bitcoin. but for bnb or eth, surely the government will easily intervene both because the creator is known. I agree with regulation it definitely has pros and cons but I personally don't see regulation as good for the crypto market.

Realistically, in everyday living, regulation will come sooner or later. But in another hand, if as an example that the Bitcoin protocol or network must adhere to government regulation, it's not a matter of favour or not, since it will obliterate the foundation that built Bitcoin anyway. Bitcoin itself is apolitical, it only follows the majority of what the nodes agreed, not governments.

But in meatspace, of course, governments want their own percentage. So if the adoption in some countries is growing up, the regulation will come whether we like it or not.

Weirdly enough, even that could possibly happen if people wanted it to happen. Doesn't mean that it will happen, just means that the technicality of it is there. Anything on bitcoin could be changed, as long as everyone agrees to it, which is a weird thing but it shows how decentralized and democratic it is. For example, we all know that it is 21 million bitcoins max right? What stops people to build a new version, where it is 210 million instead, and everyone approves it and moves to that? Or maybe government wants something, and want to control it or see it better and remove privacy, well if everyone accepts it, then we will move to that chain. So all in all, its not "impossible", highly unlikely and won't happen but I just wanted to remind everyone that its not technically impossible.

If we are to say we will all go by all cryptocurrencies being regulated then i think we are missing the vital part here which is bitcoin, decentralized and altcoins, these three mentioned are different things that neede to be considered first, we cannot assume all cryptocurrencies to be digital coins of value since many of them fail the test of time, bitcoin can be regulated but cannot be centralized, while it will be difficult to make altcoins go regulated since many of them were seek and hide coins and stand to loose nothing at worst case.

I think when cryptocurrency is legal in your country the government must regulate it and provide special laws such as tax rules, transactions and permits, not regulating how cryptocurrency itself works because cryptocurrency is decentralized which the government cannot take part in

If we do really want massive adoption, let us admit this consequence already.
Because in every aspect of the government's responsibilities, they need to make sure that everyone is abiding their laws and regulations.
So if they won't address this new market, everything will be chaotic if there will be no protocols to follow.
They may not implement high taxation laws, but they need to contain this industry for the protection of their people from these fraudsters.

Cryptocurrencies have got integrated with the traditional market. This has happened through the increasing usage of the technology as well as the regulatory framework developed around. In few countries the government have provided a list of Exchanges through which trading can be done. This means each and everything happening through that particular exchange is taken for the taxation purpose. In such situation coins that are listed to those exchanges fall under the regulated category. However when cryptocurrencies as a whole is regulated there won't be exception. Maybe through decentralised exchange usage one can enjoy the benefits without taxation.

There are several issues that are generated based on what you present in the OP, e.g. You mentioning pensioners; many years ago, at least in my country, used the fixed term or simple savings accounts with interest at 10-15% They vary according to the time and that is where the phrase comes from in my country; "living on interest," according to my grandparents sometimes paid up to 20%, good times!. But it does actually not exist, today!

In fact they do not even reach 1% and that is not the worst, they have account maintenance although sometimes they are not important but it is annoying to know that you have to pay for ATM withdrawals, account maintenance, balance inquiries, etc. . Old people in my country have their money devalued.

So a controlled crypto environment and well-defined "regulated" parameters could make a certain sector, for example, pensioners, be able to opt for crypto-based investment funds or trusts.

Now you ask yourself the following question:
Which is more safe Regulated Cryptocurrency or not Regulated?

Define what parameters for you means "regulated" in a crypto system, if it the same Fiat so does not work, then it is relative to define if it is beneficial or not, it depends on those regulations.

A reasonable amount of regulation will do. In general, I am in favor of crypto regulation. If it's only Bitcoin, I guess it could be left untouched by the government. But the larger crypto market is more complicated. It is full of risk. It is full of scam. Security is questionable. They have to be regulated. They simply can't be left unchecked.


Probably not all. If crypto is within their risk appetite, why stop them? But it will always have to be moderate, perhaps just for the sake of diversification. But age also matters. Bitcoin investment might take years before it assures investors of a return.


Regulated, of course. Look at all those failed ICOs after raising billions, hacked DeFi projects, exit scams, Luna 5.0, and so on. You can't just allow them freely roaming around looking for innocent victims.

If cryptos are regulated the crimes can get lessened and hackers can now be tracked easily but there's still a risk since regulations cant stop volatility, manipulation and other factors which can affect the price of cryptos and can make someone lose his money.

I think I now know why they badly want to regulate cryptos and that is because of the tax that they can imposed after it. Retirees should not be prohibited on using their money to the things that they want because they work hard for it for many years. Though there are advantages if crypto is regulated but I think for me, I want cryptos to remain the way it was meant to be. Sorry.

It all boils down on what you mean by regulation.
Personally, these while I have seen regulation as some kinds of rules or laws put in place and maintained by a particular group (mainly the government).

Lolx... I have lied to myself for long time. I have now realised that everything we witness including the crypto is regulated.

If the weather is not regulated, it should be raining forever. Why not night last for ever? Yes, even the nature is regulated.

If the bitcoin is not regulated, bitcoin should be about $1 million by now. Lolx..

The difference is who regulates? Our country's economy is regulated by the government while bitcoin is regulated by the people. Not only me and you, but there are stronger hands that are regulating it, but the good thing is that it's the people.

I find the question the op aska too broad. In some countries, cryptos are already regulated, while in some they are not. I think more will move toward regulation but some will probably remain as those that don't regulate cryptos. Then there is a huge difference in the regulations. There can be restrictions (for example, yes to trading but no to mining or yes to hodling but no to using as payment), there can be tough regulations that don't encourage usage and getting out from the shadows (high taxes, bureaucracy, mandatory KYC for everyone). So regulation doesn't always promote usage and growth of the economy. As for retirement, I think a person should be able to invest in what they deem fit, but funds can't deem cryptos as a low-risk investment.

As for your questions, it would be good for me personally if the cryptocurrency would be partly regulated, and partly unregulated. This would allow you to compare both of these directions and, if possible, choose the best option for yourself. But if we talk about full regulation, then there are both pluses and minuses. Of the pluses, there will be less fraud from the minuses, that a number of restrictions on the use of cryptocurrencies will be introduced. So it's hard to say which is better, since both of these directions have both pros and cons. As for the investment of the pension fund in cryptocurrencies. Well, why not? If it will bring income, then this is the right decision. But it is best to invest in different assets, then it is more likely to both receive income and not lose all investments.

To control the development of bitcoin or crypto, of course, it will be very difficult for the government, but the government can only make regulations that do keep crypto under their control without them being able to fully control it, now many governments are starting to regulate crypto as a type of investment that is indeed allowed as long as it is not used as a means of payment.

I am in favor of regulating central exchanges, and crypto projects that ask to crowdfund.  For cryptocurrency to be adopted by the government it needs to be regulated.  Government adoption is very important because it boosts the trust score of the cryptocurrency industry.  Thus, mass adoption is very possible with the government as a supporter.


Only retirees have the right to their savings.  So it depends on the retired person whether he will invest his saving to Bitcoin or not.


I believe regulated cryptocurrencies have lesser risk than unregulated ones.  With regulated crypto, people have somewhere to go if the crypto project turns out to be a scam and the authority can easily trace the people involved in that fraudulent activity.

So, what the point is?  :-\
Indeed, crypto nature is decentralized but the government can regulate CEX (centralized exchange), and can make certain regulations to use crypto as an investment or a currency. However, I don't think the government can regulate crypto world as a whole in that way. The government only regulates the use of crypto so that it does not have a bad impact on society. But for the development or adoption of crypto, the government has no control over it.

First of all, it isn't a surprise that it's a democratic politician in your original post that is looking for the regulation. Liberal politicians don't like cryptocurrency because it doesn't centralize fiscal powers within a main banking system. It makes it harder to pander to their constituency with free social service programs funded by money printed from thin air. Not that conservative politicians are much better, but at least they try to pretend to be fiscally responsible.


Consider what happens when the government involves itself between the employer and the employee. It usually involves a lot of regulation and taxes. Doesn't create incentives for an employer to expand business, so why would crypto employers need to undergo regulation from policy makers that don't understand anything about the industry? The economy is currently in a ditch because there's been an abundance of regulation and top-down government control by the central banks. QE induced inflation, COVID lockdowns generated by future borrowing -- You want these folks involved in crypto regulation?


There are no advantages to a regulated crypto industry. Investors don't need to be saved by the government, they need to be saved from the government.

This is not possible - the crypto will not be regulated.
The power will remain in the hands of government and this dream of being cyto regulation will remain the same.

Well, based on what I had read to this discussion the majority of the statement or opinion by the others here in this thread section
is that Regulated Cryptocurrency is for real to all crypto enthusiast, the risk obviously will be lesser unlike for unregulated cryptocurrency,
am I right? Besides, most the exchange now where a lot of the community in the crypto space are more in favor to use centralized exchange site platform rather than decentralized exchange. Because it is more secure in terms of our assest be loss.


Nowadays, there are some of the countries are crypto enthusiast just like in Russia, Korea, and in Europe where the majority of the
merchants they have are adopting the high branded top coins as mode of payment to their business such Bitcoin, Ethereum, Bnb, Xrp
and Monero and more.


Yeah, some of the government nowadays are really accepting little by little the adoption of the digital currency like Bitcoin or cryptocurrency,
They can't stop this is true and can't be defeat by it. Although, the government of each nations has the power to ban it or not, where it will always depend in the leader official of their estate of republic.

I think that unregulated crypto currencies are more safe for the investors than the regulated ones. Unregulated coins will probably have higher price movements and volatility compared to regulated coins. But atleast they are save from being intervened by some government agency. When it comes to regulations by the government it's always the question which government is doing it. China has a very different understanding of regulation than the USA. And the crypto coins lose some of its independence. I think retirement funds should allow investment in regulated and unregulated crypto coins. In the end it's our money we invest for our old days, as long as we understand the risks involved we should be able to choose where our money is invested.

Even this is also a little difficult if it uses the concept of "organizing" as a whole. We know that Crypto is one of the investment instruments that is very difficult to regulate and this is clear because they are still in an anonymity system and carry volatility.
As @dark1234 said a rule like this can only be done from a few angles and the biggest one may be from a tax point of view but after that nothing.

I think it's possible. But is there a need for this? We all understand that the money from taxes can be directed to the development of the country. But won't it cause the opposite reaction? Cryptocurrency legalization may provoke an increase in cryptocurrency crimes and hacker attacks on wallets. Of course it can happen now, but with an increase in interest in cryptocurrency, new processes in the criminal environment will begin to work. But that's just my guess.

That's what the governments want to be able to regulate all the cryptocurrency while if you are familiar with the base of the cryptocurrency you can understand that there is no way for them to take control over it completely and regulate everything, however, I believe they do not have and will neven have enough power to do such thing anytime soon. Currently, all they can do is mostly control the exchanges between fiat and cryptocurrencies because they can track the bank accounts and understand if the account is related to cryptocurrencies or not. On the other hand, some cryptocurrencies are made to be anonymous, and being regulated is against their rule.

I personally think the chairman, Mr Richard Neal is actually trying to in real sense protect a larger number of retirees who are conspicuously ignorant about the working of cryptocurrency, and mind you this is about people that have spent most quality part of their years in rendering services to their state or country and now totally depending on their retirement benefits for survival, and we all know about the volatility of cryptocurrency "how many retirees can cope with that"?,
 So for me I don't support the savings of retirees to be invested on cryptocurrency. Especially as it is non regulated and decentralized.

They have been doing their best on stopping crypto since from the start because anything that can't be controlled or be taxed is really against their interest which it isn't surprising that they would really be having that kind of impression and steps against overall crypto market.Regulation can't be possible of we do talk technically but they could possibly make out involvement via regulating platforms that involves crypto.
There's no way that they could extent out even if they wanted too thats why one of their ways is to make out some false news or information via those bias media which could really affect the way
others think or impression towards crypto and this is one of their main plans because they cant just easily control so they would really be doing this way instead.

I agreed that Crypto is differ to regulations. Moreover, not all cryptocurrency also are under by decentralized, assuming that the crypto is
decentralized and of course, this coins in the future possible to be list in the centralized exchange, is it? And once the coin which is decentralized will be list at centralized exchange, will that coins remain decentralized?


So for you Sir, it is too impossible in the near future that cryptocurrency will become regulated or will in control by the government?
Although, I believed that don't put our eggs in one basket.

Governments will do whatever they think will benefit them the most. Tomorrow if banks all get together and decide that they would love to pressure the government to ban bitcoin and all crypto, then they will bribe all the corrupt politicians and we are going to see no crypto support from that government at all and even make it banned thing.

This is why never put all of your trust towards any government or bank, they are only caring about what they make as a profit and nothing more. Things may look like it is regulated and doing great for the time being, but we have seen so many laws in all over the world that got overturned after a while.

It's very possible that it will become regulated in the end and this could be the greatest thing ever to happen to cryptocurrency. There are some people who cannot separate the supposed anonymity that crypto gives you and the benefits of a decentralized currency. It is the latter which will really shine through, because it offers less weak points than traditional payment networks if it is properly monitored. If crypto is to compete with regular transactions then it requires the cooperation of central banks, they currently have visibility of people conducting transactions within their jurisdiction and will only accept crypto fully once they can properly gain access to the same information for all sorts of purposes - including taxes and monitoring potential criminal activities.

Just take a very good example, the Monero coin, can the government regulate a privacy coin? I don't think so. So only few of these coins can be regulated by the government, most are those that are heavily used in the market like BTC, LTC, BNB or XRP. But about 90% of alts, won't make it in the regulation board of the government. Besides, let us admit that only few alts are being used by crypto users on a daily basis. Most of them are just used for possible short-term profits and very few for long-term investments, because their lifespan is too short.

Exactly, the volume of new coins created only grows more every day and without any control. I think it would be valid if the regulations were made before the project was launched, because that would bring more security to those who were going to invest.

Not really. The true decentralized currency can never be regulated by the government. The only way they can regulate crypto currency is through an indirect way. The government can take control (regulate) those centralized exchange, wallets and crypto currencies. So anyone as long as they are not using those centralized institution or interacting with fiat currency will be able to evade those regulation.

1. I am not too worried about "regulation" ...because I know, governments will not allow a competitor "currency" to function without regulations. (Bitcoin must get the same treatment than any other financial instrument)

2. The contribution in the global economy from a Bitcoin perspective, will be less exclusion to the financial system from poor people that are currently excluded from the Banking system.

3. I think every pensioner should have a balanced portfolio. A small portion of their savings must also be in Crypto currencies, because they want to benefit from a large spike in the Bitcoin price.. when it happens. (They should be restricted into investing in Shitcoins / NFTs ...and Ponzi schemes that are linked to Bitcoin payment)

4. Regulation of Crypto currencies will satisfy the government and also give people a false sense of security. (The will feel safe)

It's time for cryptocurrencies to implement strict regulations, the presence of regulations can convince investors to invest and avoid scam projects, nowadays many people use cryptocurrencies as a means of scam, so based on reports that cryptocurrencies are the second position for scams.

They can regulate but only into those coins which are centralized and those platforms involved which government could able to take hold because we know that not all coins does have that feature which could be controlled or simply centralized and that what makes the market does have division in between centralized and decentralized.

Speaking of regulating all crypto? It can't really be possible yet main supporters of crypto does give out importance about anonymity and being decentralized which they can't just able to control even if they wanted to.

Maybe for now the majority of the coins are under by decentralized based concept. While in the private coins example that are regulated by the government was XMR or known as Monero, and Ripple(XRP) if I am not mistaken. And there are only two thing may happens if ever one cryptocurrency enter into one country, they can ban it or regulate it or sometimes the government adopted it, same scenario with the banks as well not all of them are accepting the fact, but few of banks are accepted Bitcoin or crypto like Unionbank and more.


You are certainly correct Sir, the advantages of the coin once it become regulated is that, scamming the community here in the crypto space will be disappear little by little, security will be going to level up, though tax will come to us for every transactions for sure in the end. What do you think? am I right?

Regulating or restricting the use of cryptocurrency would be a daunting task for any Govt. There are many ways to buy, sell, and trade Bitcoin/crypto, even without a centralised exchange
Most of the trading in the crypto world is not regulated by any federal authority, and there is a reason for that. The core idea behind this decentralised crypto ecosystem has this independent system.
 However, due to fake/scams, some regulation is needed to make the market safer.
Governments in many countries are considering regulating cryptocurrencies to ensure their control remains intact and tax revenues aren't affected.

That is correct. Its like giving the authority and power to everyone. The supreme power would like to keep it in their hands.
Who would be slave if everyone will be having power in their hands. But yes if USA wants - i would happen.

A government can regulate the amounts coming in and out of an exchange and thereby tracking the KYC of the accounts running those trades. From that a lot of information regarding owned assets, taxation and possible tax evasion could be checked. But for that centralized exchanges need to run under government reins which has not started yet. DEX and how they operate is also vulnerable to government crackdown. But these things should only instill fear in the minds of criminals, average Joes like the major number of users in this forum need not worry.

This is what I feel how regulation will start. In my opinion any change is good for the future. While some people might argue otherwise, the number of scam coins on the market is way more than the number of legitimate projects.

Therefore in future some middle-ground needs to be reached and a type of regulation may happen. How? we have to wait and see.

The legalization of crypto will certainly increase interest and crypto will quickly become more popular. But this does not mean that there will be an increase in crime in the crypto industry, once legalized and regulated by regulations, scammers and hackers will be more closely monitored by the government.

Currently, many countries do not consider bitcoin to be legal, so criminals who have taken advantage of that loophole can blatantly create scam projects to profit without harm.

I believe that the future belongs to the cryptocurrency. But for this we need to do a lot of work. A strong mechanism for control, supervision and regulation of the cryptocurrency market must be created. We must be protected not only from hackers, but also from additional government payments. The legalization of cryptocurrency is a matter of time.

When it comes to regulation as that is the aim of governments around the world and they would stop at nothing until it is archived or they totally fail at it and get to accept that, its not possible! Cryptocurrency shouldn't be regulated.
I mean, should Cryptocurrency be regulated, of what difference would it be to fiat or the CBDC as we have it these days?
It's as well as pushing it off the market or out of existence. I don't see that happening anyways!

So where does this prohibition of retirees savings come in. Do they get go monitor what you do with your earned money after you withdraw them? It's always going to be entirely up to you to decide where to risk it.

Perhaps we should live our regulated digital currency in the CBDC for those who care to use those and the unregulated in actual cryptos, especially Bitcoin.

I believe it wont happen in coming next 10 decades.
But maybe - some people realize the importance of crypto and regulate them. In my country almost 10% of the population is only aware of the crypto. And there is a lot of people who spend so much time in watching Tiktok but they never would watch what crypto is. Silly people

Despite that the government may later become very interested in it and try to do a regulation on cryptocurrency, they can only succeed in their digital currency and not in crypto. Moreover also they can regulate centralised cryptocurrency but not decentralised like bitcoin. They can also have control on the exchanges in operation in the areas they control and the friendly countries around them to restrict their citizens.

Sure it's possible for it to become regulated, actually, that's something crypto will have to tackle with / decide how it wants its future to be shaped, because if it wants to go on the path of mass adoption then it will have to give up some (if not all) of its deregulation philosophy. That might not be such a good idea, at least not just yet.

Indeed. Since it is decentralized, cannot be regulated by the government. But CEX can be regulated by making some regulations for them. And the government also can apply crypto taxes both for payment purposes and for investment (digital assets). Although the government cannot fully regulate crypto with this policy, it can bring effect quite a lot of crypto users. The government may have no power to regulate crypto world, but they can regulate the use of crypto in their country.

The sooner they do it the better it will. It is a good source of gathering tax as well. IT will benefit both the people and the users.
People are happy and enjoy where the government is regulating it. But where crypto is banned ... it is a stress for the gamblor. They look for the alternative all the time.

Bitcoin is a dual edged sword, on one end of spectrum it provides avenue for saving, purchasing and money transfer without use of conventional system in a secure manner which actually decrease the financial costs in long run and provides a flexible system for financial transactions across borders. But it also scares governments who are the default custodians of economies in countries, So governments are desperately trying to bring crypto in centralized controls.
Yes they have succeeded to some extent. But remember crypto is not a currency, Its a technological revolution. Just how internet can never be tamed. Crypto can never be truly regulated, yes a lot of it can be.  

I think this will happen. Maybe it will take a long time, but this option is possible. Who do not hide their activities in the field of the crypto industry and are ready to cooperate with the state will be satisfied. For those people who want to stay in the shadows, this process may not be very pleasant. The most important thing is that in the future the whole mechanism is simple and understandable to everyone. Otherwise people will want to hide.

I still have a doubt it will be all regulated someday because Bitcoin can't be controlled by anyone but if the government main target are the exchanges then maybe it might be. But this will take some time that would lead sometimes to not getting where they want to that would be left forgotten but since crypto and Bitcoin is getting a lot of attention to the people and media.

But I like the idea if their main target are those new crypto projects that sometimes end up scamming lots of people. I do hope developers will take full responsibility to what they did to the market and should be held accountable if they ever scam people/investors.

The government won't be able to regulate Bitcoin but for sure, they will find ways to control it. The government is now seeing the potential of crypto to provide higher taxes so there's also a big possibility that they will use exchanges to control crypto in a single country as well as the users and investors. Bitcoin has a strong foundation and it couldn't be regulated by any organization.

That is correct - government wants to keep the power in the hand of authority.
Regulating crypto means giving the power to the people which is a daunting task. Some countries like Russia and Korea are accepting but not all.

DEX only reduces the effect of govt regulation to some extent, not complete as full tho. Because as always, govt can still request those DEXs to give the user's information which they can track and inquire about or force that person to pay tax,...

Of course it is very possible, it is time for all cryptocurrencies that are currently officially listed on exchanges of more than 20k, if there is no regulation I'm sure it will continue to grow and remember the LUNA case when dev. stabilize the coin trying to change the algorithm so there is pressure and many investors cry.

Maybe they can but not completely. Crypto became a trend and already part of society/economy. There is no way government can't stop the public by using crypto so their only solution is to regulate it by enforcing stricter KYC in different exchange site. However, the purpose of crypto is to have an anonymous transaction and users will always make a way to avoid those hustle implemented by government.

This is quite a possibility as it seems central governments want to control it, but know they can't and would settle for containing it.  Regulation is one of the tools to help accomplish this.  I wouldn't be surprised if a coalition of central governments formed in order to do so.

with honest saying this would have been the best advise and a well recommendable option for all retirees to use, pension funds and gratitude can be used as an investment for the over aged ones instead of having thier funds with fiat banks without any significant yield or benefit over years, the only challenges here is that the adults may find it difficult to operate or make use of crypto operations.


that's just a mere assumption which is not possible, government cannot control a single crypto not to talk about all, their regulatory aspect is in demand for tax payment, bitcoin on its own is a decentralized digital currency, so how is that possible for government to use a centralized authority on it.

Regulations will be put in place and they will get stricter the more time it passes, however the question is if people will actually comply with those regulations? Right now people are complying to a certain extent, however what will happen when the economic conditions deteriorate to the point inflation gets out of control? At that point harsher regulations or even bans against cryptocurrencies will emerge, but many people will simply disregard them as when people have to choose between following a set of arbitrary rules or to benefit themselves in some way or form they will always choose the latter instead of the former.

Most all cryptocurrencies are already being regulated.  It's important to remember that regulation is handled by each nation independenly, and so many countries have already been regulating these currencies. 

In my opinion I am all in favor of cryptocurrencies being regulated, at least to an extent.  If you don't regulate them, then most nations will inevitably ban them.  Love it or hate it, that's a simple fact.  This is also one reason I am not a fan of making bitcoin completely anonymous/private.  This would put bitcoin on the fast track to being banned.   

Regulating cryptocurrency is actually a very possible thing to execute but from the look of things, if the digital currency gets regulated, a few things are definitely going to start going wrong and when that happens, Bitcoin is no longer what we now know it to be. Actually, one of the weird feeling is to be in charge or in control of a particular place and something comes in and as the leader you are, it’s difficult or nearly impossible for you to have control over the operations of that thing in your territory, feels like you’re are being kicked off balance :D.

So, it’s totally normal for them to want to be in control of everything but it seems like it will take a longer time to achieve that.

People who want bitcoin to reach a wider audience should embrace more regulation because it brings additional structure and legitimacy to cryptocurrency overall. Like it or not, criminals have identified bitcoin as a means to move money around with less detection than existing banking networks, just because it's newer. Regulation will help add tracking and make it more functional, allowing more investment money to join in with increased protections.

Regulation does not necessarily mean tracking at all, tracking is more about control. The whole question is the degree of regulation, because cryptocurrencies were created as decentralized mechanisms that do not have the generic problems that are inherent in centralized mechanisms. In any case, if cryptocurrencies are increasingly integrated into the traditional economy, then regulation in this area by the state cannot be avoided, especially when it comes to such a sensitive topic as pension savings. Nevertheless, a person is very vulnerable in old age in terms of earnings and can no longer start from scratch in case of failure, so it is necessary to act with repeated caution with investments of such a plan in such risky areas as cryptocurrencies. I am not sure that the state should encourage direct investments of pension funds directly into cryptocurrencies and should limit itself to derivative financial instruments related to cryptocurrencies such as ETFs or shares of mutual funds.

we need regulations from the government in carrying out the development of cyptocurency in the country, regulations really need to be implemented and it is possible that all crypto actors must comply with the applicable laws. But will this be the right system to protect crypto entrepreneurs because unwittingly this becomes a strong grip for crypto authorities if at any time crypto falls big and should the government be held responsible for that incident? In my opinion, regulation in cryptocurrency is only limited to ratification by the government to provide freedom for newcomers to cryptocurrencies, not to complicate the development of crypto.

Well in my own opinion --cryptocurrencies are now regulated and we have been regulated already.
There is nothing for me if we are regulated by the government but as long as we are not under manipulation which is more than worst than in a regulated mechanism. All altcoins can be regulated but it is the opposite of bitcoin, --bitcoin has a truly decentralized nature that no one can regulate it since the start.

But it depends on the kind of regulation that is put forward, if the community ends up accepting regulations which take away the essence of what bitcoin is about then at that point even if bitcoin kept existing and it was popular it would have failed, which is exactly what governments want to do by trying to force wallets providers to make everyone to go through KYC or by charging a tax on each and every single transaction, stuff like that should be unacceptable even if that means a slower rate of adoption.

If all will be regulated, it's no longer working the purpose of what cryptocurrencies are. But that's just a fact that we're be there someday and yet, it's not the cryptocurrencies that they'll be regulating but the platforms where most trades are happening.
And this is happening actually already even before you've asked it. Well, it's for most of the exchanges that they're regulating and if you consider that as the actual regulation of crypto, it's your point of view. But for me, it's just part of a business establishment that should be done.

Regulation of cryptocurrency is something that is determined by the people and the crypto market. Government cannot regulate cryptocurrency because they don't have any impact to playing cryptocurrency because cryptocurrency is a decentralized currency of which have no affiliation with decentralized currency so it is difficult before cryptocurrency can be regulated only the regulation can come through the market and through people who invest in crypto not by the government so nobody can regulate cryptocurrency to regret his self

Not possible in the near future - but may be in coming years this may start from developed countries where people are educated and have smartphone and an access to internet all the time.ALthough internet is getting cheaper day by day but than again a smart phone and proper education is needed.

Not sure that makes sense. People can control what they invest in, but they dont have the power to regulate the flow of crypto from the wrong hands.

Governments can do that by making all exchanges follow a strict KYC procedure and tracking the crypto trades being done by specific users. While there will be some loopholes, majority of the scammers will get caught in this net, since the only way to get fiat out of that crypto would be via an exchange. OTC markets are more risky and they will see a boom if this type of regulation does happen.

Of course the currencies are decentralized but that does not mean they cannot be overwatched.

Government regulation is clearly one of the factors that must exist if you really want to put Crypto into something that is recognized there but regardless of what kind of regulation you want to say because regulation is very important but the government obviously won't regulate everything about what will happen with the government and Crypto.
Maybe the arrangement that can happen is when there are some restrictions and there are some extras from taxes or something but this is only partly because obviously in any case the government will not be able to control crypto as a whole.

Cryptocurrencies are gaining a lot of popularity and will be used in a greater number of areas in the near future, so regulations are inevitable in our time. The government is the creator of this world and controls us, so they won't let anyone unchecked live in the world they govern. Crypto is a highly profitable sector, so I don't think the government will want to skip a big tax from crypto, like it or not, we'll have regulations from them soon.

There is no "regulation" for crypto itself though, that is the good thing. Like for example bitcoin itself won't be regulated, however what you do with that crypto will be regulated, and is regulated in most parts of the world. Which means that if you decide to stay anonymous then there is nothing that anyone could do to you.

Of course this brings in some scare, if you get caught for example, but it shows the world that it's such a decentralized market that you are not going to be getting that money stolen even by government. This allows people to feel free, and that freedom is the reason why I picked crypto, because I didn't want government to be able to screw it up.

But the regulation is not possible - not in the recent future.
Government will keep the power in their hands and regulations will not be an option for the gov to consider.

The majority of countries know that they should let BTC in, the best way and that it does not look so bad is through regulations, that is, governments go ahead, they can adopt BTC as long as they impose their rules (so that they do not looks so bad) and they remain as heroes, but this implies that it can be managed through banks or organizations arranged by themselves for their own benefit, in addition to being accompanied by a good tax for the use of BTC and crypto . It is not bad, but if we opnmos to see one of the reasons why Satoshi created the BTC was to manage our own money without the need for third parties.

Although Bitcoin's goal is to promote privacy and decentralization but it would be wrong to state that the government has no role to play in the crypto space of any nation. No government would gladly accept or promote any financial system that it doesn't have a means of watching over. Although government involvement has its own disadvantages but there are also benefits that could impact positively on the cryptocurrency. Government can provide finance for research and development of the sector. It also serves as a security watchdog that tracks and recover illicit funds acquired through hacking. I am not supporting the government to totally regulate the sector, but my view is that the government has a vital role to play.        

The country I live in doesn't have any crypto regulations yet, but it is reported that the government is asking relevant departments to draft specific regulations for cryptocurrencies and will be submitted soon Government pear is approved. Without regulation, we would be more comfortable in our investment and freedom, but without regulation scammers would be more and more rampant and risks would be more and more for investors.

Likewise - the country I live in doesn't have any crypto regulations yet. Also there is no possability in the near future that the crypto in my country will be regulated. Since there are so hurdles in this and I don't think so in will be done in my country anytime sooner.

Crypto regulation in my opinion is needed in every country rather than banning in plain without any good reason. and yes like the OP said if we can regulate crypto we can help the country's economy too. Based in my country Indonesia, here we can't spend crypto as regular currency but is free to trade as an asset on the exchange who have a license from the government, and of course, the country gets a fee for every we trade and helped the economy.

Don't take it for granted,still you owe taxes for the revenue you're making from cryptocurrency in any form so pay the taxes if you're earning more and refer with the consultant in your country for proper way of doing it. Some countries are bringing regulations which actually discourse the usage of crypto by imposing high tax rate even for small traders which will eventually end up in black market and no tax revenue at all so make fair tax rates or the loss is for government.

We need a great authority over there- the one who would be aware of all the if and buts for the regulation
yes - we pay taxes but still there are so many problem. If these are given due importance - than there would be more prosperity in the country.

You are very kind in thinking that. But do you know many county do not have even PayPal authorized there.
The gamblers - the freelancers faces so much difficulty in transections.
What to talk of crypto - it is a big market and there is so much engenniering behind it.

Cryptocurrency can't regulated because cryptocurrency is a decentralized currency  is well known that nobody can regulate it except it regulates itself. I believe that cryptocurrency especially Bitcoin have its own way of regulation which government of any country cannot regulate each with their own power what government can regulate is something that is centralised currency so from my own understanding no country can regulate cryptocurrency and if country can regulate currency it should be a Fiat currency not cryptocurrency

I'm sure all governments would love to see cryptocurrencies fully regulated. In my opinion, however, it is not possible. Blockchain technology offers too many opportunities to remain anonymous. I think it is only up to cryptocurrency users whether they want to use services in which they have to undergo KYC verification, or simply choose an anonymous service.

If governments want to regulate the flow of crypto they will force KYC on exchange users. The exchanges have to follow because they are under the control of the government.

I dont see this as something bad - the ones who should be scared by this are the ones laundering money and those are trying to evade taxation through use of crypto. This can cut down the number of stolen coins getting sold on exchanges and help law enforcement catch the scammers too. That is a good thing for the crypto economy and the users who made mistakes in their use of crypto.

To be honest, the number of scam project putting down the name of crypto is way more than the positive attention that bitcoin generates. Hence this is something we need in future.

Based purely from my experience, cryptocurrency exchanges have become so stringent with its regulation and rules. They also ask for tons of KYC documents in order to secure the veracity and origin of BTCs coming into one's wallet.

Unfortunately, my account verification level was restricted since my exchange imposed on its rules that the BTCs entering my account should not come through gambling websites. Due to these regulations, exchanges have become so strict and regulated with its rules that it is borderline restrictive in its use.

In my opinion, cryptocurrencies will never become fully regulated.  

For example, in addition to Bitcoin and Ethereum, there is an anonymous and confidential cryptocurrency Monero (XMR).  There is also a technology for exchanging one cryptocurrency for another without the mediation of cryptocurrency exchanges (atomic swap technology).  

Strengthening state regulation of the crypto industry inevitably leads to the development of new anonymity and confidentiality technologies.  

There is a good proverb - "Money loves silence."  

Financiers around the world need a crypto offshore, so anonymous coins and other technologies that provide anonymity and privacy will always be.