Does bitcoin need to be regulated in a global scale?

[PRDAEcontact]

"The director of German's central bank believes that bitcoin should be regulated through an international set of rules rather than on a national scale."

Does bitcoin need to be regulated in a global scale?

[1715486559]

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[Ranker]

"The director of German's central bank believes that bitcoin should be regulated through an international set of rules rather than on a national scale."

Does bitcoin need to be regulated in a global scale?

No way, the point of bitcoin is to exist beyond national lines.

[aleksej996]

How surprising that a director of a central bank believes that Bitcoin should be regulated.
Why do you think that people who are asking for regulations are the ones that will be in charge of writing them.

Bitcoin can not be regulated and it will not be regulated. Power that made Bitcoin in the first place will fight for it to be unregulated.
If you can regulate a cryptocurrency, it is not a cryptocurrency, it is fiat. Only rules that exist for Bitcoin are written in the protocol and any outside intervention will have to fight against it to control it.

[cr1776]

"The director of German's central bank believes that bitcoin should be regulated through an international set of rules rather than on a national scale."

Does bitcoin need to be regulated in a global scale?

Of course central banks want it regulated so that they can keep control of people and thereby take a cut of everything.  If they want to turn it into digital fiat, what is the point?

So, no, it shouldn’t be.

And this topic should be in a different section - doesn’t seem at all Dev and Tech related.

[abaidudez]

I don’t really know how it will affect BTCitcoin when it is regulated. Does it mean that the price will be regulated too? Someone will decide on what will be the price of BTCitcoin? So if it is regulated will it be allowed and will be adopt in all market as payment? If regulating BTCitcoin will be for good then why should we be against it? If I will to decide I can say BTCitcoin should be regulated for the benefit of all.

[Wind_FURY]

I believe some regulations are good to stop and protect the people from fraud, scamming and exploitation. But no more than that. Some country's politicians idea of "regulation" is an out and out ban on Bitcoin, which is stupid.

[xiguadady]

  it needs some trade regulations and the decentration of bitcoin determined it canot be control

[player514]

"The director of German's central bank believes that bitcoin should be regulated through an international set of rules rather than on a national scale."

Does bitcoin need to be regulated in a global scale?

No, as that will remove one of the most important parts and principles of Bitcoin which is decentralization. Once you introduce a set of rules to Bitcoin, you have to have some kind of organization or group of people regulating those rules. When you have that, it's essentially a government that controls bitcoin's moves. Bitcoin was made so that people could use it anonymously and without having to worry about inflation/deflation from a centralized agency. In fact, if that agency ends up being scammers or people who are not true to Bitcoin, you'd end up with a true mess in your hands.

[Haunebu]

How surprising that a director of a central bank believes that Bitcoin should be regulated.
Why do you think that people who are asking for regulations are the ones that will be in charge of writing them.

Bitcoin can not be regulated and it will not be regulated. Power that made Bitcoin in the first place will fight for it to be unregulated.
If you can regulate a cryptocurrency, it is not a cryptocurrency, it is fiat. Only rules that exist for Bitcoin are written in the protocol and any outside intervention will have to fight against it to control it.

Well said buddy. I am not surprised by such news since this has become a regular occurrence in the crypto world. The hidden fact here is that majority of the big shot bankers tend to make these statements in a well planned smart manner in order to manipulate the market in their favor and earn big profits in the short term. This is simply a tactic employed by many celebrities for their own personal gains. I advise people to not fall for such tactics and HODL their coins no matter what which is the best way to earn big profits in the long run. As you said, no government can ever regulate a force like bitcoin.