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Author Topic: Is Bitcoin at risk of regulation?  (Read 1054 times)
angrynerd88
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February 04, 2021, 04:09:29 PM
 #121

It can say here truly a tall likelihood that the circumstance will drop into that situation of Bitcoin being controlled by the government of certain nations to permit its individuals upon utilizing and executing Bitcoin into the region of their country's assets. In long run the government see that individuals are more likely locks in into a modern thing, they will without a doubt and continuously be get in between and direct everything for they are claiming that it is fair for the purpose and welfare of its individuals.

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February 09, 2021, 03:22:55 PM
 #122

Well, with the fact that Bitcoin can be accepted only with the help of regulation, I completely agree, after all, for many states, cryptocurrency is, in principle, a kind of threat, in fact, this is in fact the main currency on the dark side of the Internet and with the advent of cryptocurrency in everyday life, it will have to be regulated that at least there was no high crime. But I agree, this fact is very alarming

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February 09, 2021, 03:57:33 PM
 #123

In fact, KYC is now needed to use more foreign exchange. The only exchange here is that you can still use it for a small limit but in order to expand it to a greater extent you need to comply with the requirements that they ask for the verification process
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February 09, 2021, 09:25:47 PM
 #124

Right now there's no correct expectation of future, we do not really know in case this could be the as it were way for mass selection of bitcoin to require put, this looks like a danger to crypto, the government despises decentralization and they will halt at nothing until they can be able to direct bitcoin, and we the clients of bitcoin do not need to be controlled by the government, so it's kind of a battle between the government and the individuals, but actually I do not want bitcoin to be regulated by the government, but let's see how it's attending to be within the future.

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February 11, 2021, 05:10:07 PM
 #125

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.

Regulated how? Bitcoin by itself cannot be regulated because of its decentralized and censorship-resistant nature. Governments have only been able to regulate centralized exchanges, but that's it. Decentralized & non-custodial exchanges, as well as, atomic swaps, are out of reach from the government. The blockchain itself will be impossible to regulate given that it's widely distributed around the world. To become successful at the task, governments from around the world are going to need to reach a common agreement. But we all know that largely impossible.

As long as Bitcoin remains decentralized, it'll be truly unstoppable. We can thank Satoshi Nakamoto for his/her/their efforts in bringing financial freedom to the world. With money being separated from the state, people can truly control their lives. Once governments realize that their efforts to ban Bitcoin are in vain, they'll join the game. This will lead us to a point where CBDCs (Central Bank Digital Currencies) and crypto will co-exist for many generations. Let's hope for a fruitful relationship between mainstream governments and the crypto/Blockchain industry for the benefit of all. Just my opinion Smiley

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