Is Bitcoin at risk of regulation?

[mikeauerbach]

Crypto regulation is inevitable if we want the huge adoption.

Will the government be able to take all control measures and ultimately make bitcoin centralized?

But how could you imagine centralized Bitcoin?

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[zanezane]

I don't think that bitcoin is at risk of regulation since there are lots of big companies are now adopting bitcoin, primarily as a payment method since it is safe and faster than doing bank transaction or fiat transaction. But still there are lots of people who are still doubting bitcoin, there are still countries that are banning bitcoin and prohibiting the people to use it. I hope that someday those countries are gonna recognize bitciin as a good investment and a good way of payment method.

As long as the regulations are reasonable I do think that it will be for the better. The companies that will be using it will not be in favor of a regulation in my opinion, this could be a good exit strategy to launder your money without going for shell companies or better yet. I am not against bitcoin but I think that we have to look at the negatives with the same equality. Doubt will always be on the minds of the people, it is only a matter of time before they regret their decision. Prohibition will get these countries nowhere to be honest, the more you tighten your grip, the more your subjects will try to break free.

[Sithara007]

I am OK with some level of regulation. But the recent moves by FinCen does concern me. They are trying to identify personal wallets, i.e those outside the mainstream cryptocurrency exchanges. I won't be surprised if they ask online wallet providers such as Blockchain.com to make KYC mandatory for those who use their wallet services. If that happens, then installing a desktop wallet maybe the only solution.

[LittleBitFunny]

Even when the price of Bitcoin was 4k, many people thought that buying Bitcoin is very risky, the price has already come down a lot, the price can fall at any time. When the price went up to 10k, people were afraid more,They started saying that the price of Bitcoin has gone up a lot and now it cannot be bought. Then when the price went up to 20k, a group of people said that Bitcoin has gone up in ATH, now the price will fall.
Today when I'm writing this post  the price of each bitcoin is going to 25800+ , some people are still scared and talking about the risk of regulation.
Alas Seleucus!

[Swopon]

It can't say risk almost because without regulation nothing is perfect. But there should be a form of perfection mistakes. The Crypto world is an insecure field that no one can sure that they surely avoid scams and they will never get into speculation. So if governments accept crypto as a payment method, there may be one way is settle regulation to get the whole matter systematically.

[0t3p0t]

I don't think that Bitcoin can be regulated, it is the exchanges instead. The fact is that no one can ever control a decentralized asset like Bitcoin even the government. For me there is no problem with the current situation here in my country wherein the central bank implemented regulations on local cryptocurrency exchanges.

[ninabobo]

Indeed, the guideline of utilizing bitcoin will be subject to every nation, if the public authority accepts that directing the bitcoin network in their nation, I trust it should be expected to at any rate counter those criminal operations that their residents are doing through the assistance of Bitcoin.

The trade will be managed, not simply the Bitcoin.

[BADecker]

Bitcoin is not at risk of regulation. Rather, it is under regulation by the blockchain and the various Bitcoin clients.

Governments regulate only one thing... as many people as they can get away with regulating.

[tinopener]

I think from global acceptance and regulation, ESG (Environmental, Social and Governance) concerns is a bigger problem. The climate has dropped off the radar during Coronavirus.

For every millennial into bitcoin, there will be two concerned about the climate and will position their portfolios accordingly.

Although, there are of course green energy mitigations which can become part of the discussion.

[Swordsoffreedom]

Some people are always trying to find out something better than bitcoin and arguing. Then, IMO it is not possible to find out any other redundant & reliable file storage mechanism. The main thing is maybe BTC suppose to very expensive but in 2021 there is no doubt that it is 100% reliable.

[erikoy]

Regulations is the greatest threat for bitcoin because of the bitcoiners identity possible exposure especially in the KYC process. KYC is really one of the most dangerous form of process that has been mandated by the exchanges. Bitcoin had been created for decentralization and anonymity but it has slowly change due to KYC procedure. However, KYC has a good purpose so if it can do more good than harm then let it be.

[Abiky]

Probably that's the only way in order for this technology to achieve acceptance across the globe. Not all people are aware of the nature of this technology and one way to push this towards more people is to boost its reliability through government regulation. But I doubt it would be a total regulation. My idea to this is an optional regulation not a mandatory regulation. And this will be made possible through third party networks which will be an alternative to crypto exchanges, for those who are just knowing only the "surface" idea of this technology.

Total regulation would be impossible to achieve due to the decentralized and open source nature of Bitcoin. But it's possible to regulate centralized entities which provide crypto-related services in the mainstream world. Considering that centralized exchanges dominate the market, it's easy enough for governments to regulate the industry. KYC and AML laws will be the norm in the centralized crypto space, forcing some people to rely on decentralized alternatives. A regulatory-compliant environment for Bitcoin, would give people a greater level of confidence. This will make the entire crypto/Blockchain industry "legitimate", attracting institutional investors and traders alike. Only then, Bitcoin will achieve non-stop growth in the mainstream world.

Nonetheless, it's safe to say that Bitcoin is NOT at risk of regulation. The pioneer cryptocurrency has grown into a "force to reckon with" since its inception. With many ways to get access to Bitcoin, trying to regulate the industry in its entirety will become extremely challenging to mainstream governments. They will eventually face the fact that Bitcoin is truly unstoppable. As it's said in the real world, "if you can't beat them, join them". In other words, if governments can't beat Bitcoin, they'll have no choice but to join the crypto/Blockchain movement. Just my opinion

[Asuspawer09]

I've think about that so many times, bitcoin could maybe be the future with its technology a digital currency or number 1 digital currency that everyone could use.

Just comparing it to fiat money which is regulated I cant imagine bitcoin to be over fiat money at this point without getting regulated, bitcoin is still in the process of adaptation and still growing so it is possible for bitcoin to evolve or maybe get regulated by the government to evolve or else we might see a new technology that is above bitcoin.

Most of us think that bitcoin could be the future but still i know that somehow we have doubted bitcoin at some point and we cant see it clearly how it is going to process in the future. Maybe the bitcoin could be regulated when all of the 21million supply is already mined.

[Conley]

Currently, cryptocurrencies are regulated in the US by several institutions – CFTC, SEC, IRS – making it difficult to create overarching regulatory guidelines. In short, yes – Bitcoin can be regulated. In fact, its regulation has already started with the fiat onramps and adherence to strict KYC and AML laws.

[emmybd]

Bitcoin is not legal in most of the countries, as the price is skyrocketing, so many governments are thinking of regulating bitcoin, so that they can also cash in. There are many rumors about bitcoin. Most of the people think that using bitcoin is risky and illegal.
As Bitcoin is still not regulated. Only users of bitcoin can regulate it. Bitcoin has no financial existence. It is still not regulated because is not considered to be electronic money according to the law. Central banks don't permit bitcoin transaction.
But gradually importance of bitcoin is increasing incredibly. As a result, most of the countries are thinking about legalizing bitcoin. China already took the initiative of legalizing bitcoin.
Regulation of bitcoin will be a great news. After regulating bitcoin, it will be a safer transaction system. But regulations of bitcoin will decrease the trading value of bitcoin. But it will also help bitcoin in many ways. At that time bitcoin transaction system will act like banks and other traditional currencies. More people will be able to use it. People will accept bitcoin more.

[n0ne]

Regulated usage will make majority of the people know about bitcoin. When regulated the government also gets benefitted out of it. In reality it is really a hard task to regulate the usage of cryptocurrencies.

Under regulated usage bitcoin will loss its importance, that is pseudonymous. When something needs to be regulated, government needs everyone to get interconnected and fulfill KYC norms. This will affect the decentralisation and the freedom of banking which is the core of bitcoin over traditional fiat.

[tinopener]

Many people think regulation will increase bitcoin adoption.

I think that's a good thing.

My main reason for holding bitcoin is to get profit from the demand.

(it also impresses the girls though 

[raise001]

Regulation of Bitcoin has the potential to make the market better. It will also be a risky investment but it is more safer with protections for investors, it's less likely that the market will be able to face as much outside manipulation. Overall, this is a good thing for people who want to invest in cryptocurrency.

[MyCryptoDomains]

Obviously, bitcoin is decentralized and the government will never acknowledge it.
Bitcoin is now regulated in numerous nations like japan, south Africa, and my nation as well. On the other side, there are still a few nations that permitted their people to utilize bitcoins and they'll never regulate it.
Be that as it may, I don't think regulation can be effected on bitcoin's market, since its uncontrollable government can ban the exchange but they're unable to take bitcoin's down.

Severe crackdown can shake the 'digital gold' narrative and kill the high price, but I won't be taken down completely.

[Rishabh riyz]

in  my opinion regulation might lead to acceptance of BTC worldwide by major governments,
not full scale regulation I meant some regulation to make BTC less anonymous , if we see the only reasons why governments are not accepting BTC as a currency is because of  its highly fluctuating nature and anonymity in transactions, some regulations in at least tracking BTC transaction through different addresses might help BTC  to be accepted across globe.