On the one hand, the news is good as bitcoin is gaining legal status.
On the other hand, everything that has a legal status should be regulated. If bitcoin is money, then it must be regulated in some way.
The question is how they are going to do it or they will simply determine its status legally on the occasion.
This is also partially good for me. At least the legal recognition that Bitcoin is indeed money is there. It's a good start. It may bring together with it some regulations but those regulations are part of legal recognition. There is no getting away with those. It's either you will not be recognized at all or be recognized and regulated at the same time.
What do you mean how they will do it?
I mean the fact that their recognition is only local. Bitcoin can be called international over the state currency. It is everywhere.
The fact that it was relatively accepted in the United States only means something for the people of the United States but not for the rest of the world.
If the whole world completely legalizes bitcoin, then the United States will have problems, because they will have to make a decision and vice versa.
In addition, it is not so easy to regulate bitcoin; it does not carry with it any informational data regarding the identity of the owner.
It cannot be locked unless it is on a platform you manage, so it is difficult to call it managed.
How to regulate what is not manageable?
