Is Bitcoin at risk of regulation?

[dothebeats]

Most certainly, though the lengths and depths of these regulations are still unknown. I’m kinda expecting that everything would be focused more on investor protection and taxation, with some of the tidbits kinda hanging on other aspects of the coin. Regulation is to be expected ever since big companies came and took over, so as to “formalize” the space and make it a decent environment for one and all.

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[Spack17]

I think that Bitcoin will be regulated on most of the countries eventually. I also think that it is important for Bitcoin's adoption process too. But there is no such thing as Bitcoin can be turned to a centralized cryptocurrency. Being decentralized is Bitcoin's nature and it will always be like that.

[Innerpumper]

If in the end bitcoin has been regulated and limited by government regulations, I feel very disagree, which we will feel we do not have complete freedom over our own bitcoin ownership. this is very worrying. When bitcoin was widely known, of course the government already knew bitcoin loopholes in providing huge profits. It's very unfair for us to manage bitcoin the way we expected.
This is so sad bro.

However, if we are not welcome to use bitcoin like the united states and china, how can we freely develop bitcoin? whether we can thrive without any regulation from the government. Right now it's really confusing.

[BTCappu]

I don’t see no lies in what Raoul Pal has said, the Government wouldn’t leave Bitcoin without regulation, they are already penetrating, and there are already countries that are trying to make their citizens declare their assets and take taxes from them.

Centralized exchanges are just like tools that are being used by the government to penetrate into the cryptocurrency environment and have it in their palms. But I think there is still a way to avoid the government and have that same privacy that most of us are looking for and that’s by making use of DEX or P2P. I don’t know for people in other countries, but this works for me where I live, P2P is always the way to go. If you rely on centralized exchanges you’re the one losing.

[NotFuzzyWarm]

One has to wonder if Raoul is one of the folks behind what Blockseer is trying to do with their tx-censored pool? Per their marketing crap they will process only 'clean' transactions...

Now while the assurance of 'clean' tx's may be helpful to Institutional investors, odds are the mainstream miners will avoid Blockseer like plague.

[lifeforcepools]

Regulation is inevitable for bitcoin. You must understand this. They want to control all segments of the financial market.

[target]

Regulation is inevitable for bitcoin. You must understand this. They want to control all segments of the financial market.

Misconception however is that people use BTC is because they want to avoid tax. It's what some thought like some friends I know reacted like BTC is very private that is why it's used for blackmailing.  And this is where it gets its value but we know that it isn't true.

Regulations will come whether we like it or not and it had started a long time ago just when we asked to send IDs. We are not at risk but those who are using BTC in their crimes are.

[Zemomtum]

That is against the spirit of the blockchain revolution which prohibits central control. This is where DEX will shine and is the future of crypto trading. In few years ahead, centralized exchanges will not so that popular as they are now due. Not your key, not your coins, identity stolen is another issue.

[Kocret02]

Definitely at risk. We don't know yet how much they'd grip but if it's enough to only regulate what is going in and out of the exchanges, they will lose tax money. Will they allow that to happen? It depends on the kind of government where you are. But surely crypto users will try to get away using DEX like blocknet up to the extent of using the privacy coins.

these risks only exist in their respective countries. because we know that every country imposes a different risk for bitcoin, so I agree with your statement that the risk depends on which country and how is the regulation in each country

[lebregone]

I fully agree to this statement where the only way for the governemnts to fully accept bitcoin is by regulating it. No governments will try to adopt a certain currency that they don't have a control of or there are no regulations that will give them an advantage.

That is what I saw to most of the governments especially that there are very few yet who welcome crypto in their country and this is the biggest reason that I saw why they are not ready to fully adopt crypto currencies. They don't have a control of it, the same to what happen to China and other countries where they decide to create their own crypto currencies in order to combat the crypto adoption so they will have a full control over the crypto that are being used in their country.

[imstillthebest]

if your from a country where btc is not yet accepted and this is the only way to accept it i dont have a choice but to agree with that regulation and that was better compare to by not experiencing to hold a btc in your hands
 but i dont know about the others if they are also going to agree with that agrement .

 to other countries that btc is already accepted they are lucky because most of these countries didnt start like this but they are freely using thier btc unregulated .

[fauzan123]

I think that Bitcoin will be regulated on most of the countries eventually. I also think that it is important for Bitcoin's adoption process too. But there is no such thing as Bitcoin can be turned to a centralized cryptocurrency. Being decentralized is Bitcoin's nature and it will always be like that.

As we know that some countries have adopted bitcoin as an alternative payment transaction apart from using conventional transactions, indeed in the majority of countries they have not adopted bitcoin, but I think time will tell.

Because technology cannot go backward, so it is necessary to continue to develop it, especially in terms of finance, so digital finance such as bitcoin will certainly be needed in the future.

[juliejane]

I don't think regulation is a risk at all. For everyone's safety in trading Bitcoin, I think regulation is great since there are those who are abusing the freedom that Bitcoin offers. I think a balance between regulation and keeping the foundation of why bitcoins exists should be found and cultured.

[yenom1997]

We will come to the day where owning bitcoin is a huuuuge crime! Wait for it.

[AakZaki]

Regulation is inevitable for bitcoin. You must understand this. They want to control all segments of the financial market.

Everything needs regulation, including bitcoin. This happened because I thought the risk posed by bitcoin was enormous. They want to protect their citizens from crime, inflation, and AML which can ultimately harm the country or society itself. Seeing this, I think a country has the right to make rules on the scope of power so that everything runs smoothly. So as long as the regulation does not change the nature of bitcoin I think all will be well.

[South Park]

If the government controls bitcoin, it has lost its essence as a decentralized currency. Although the government has good reasons to regulate bitcoin, however bitcoin holders do not have complete freedom over the assets that we own. why doesn't the government just create a centralized cryptocurrency that they can control?

They are going to do that as well, but doing that is still not going to give them control of bitcoin, you need to understand that governments for the most part have an inherent desire to centralize things, they want every single aspect of the life of their citizens to pass through their hands, why do you think that they allow social networks that are so invasive to the privacy of their citizens? Because they benefit out of it, instead of having to spy their own citizens their citizens offer that information for free to private companies that then sell that information to them, they want the same level of information when it comes to your money and they had that when banks were in complete control of the economy, but now for the first time they are being challenged by bitcoin and they do not like it one bit.

[Kelvinid]

Regulation is inevitable for bitcoin. You must understand this. They want to control all segments of the financial market.

Everything needs regulation, including bitcoin. This happened because I thought the risk posed by bitcoin was enormous. They want to protect their citizens from crime, inflation, and AML which can ultimately harm the country or society itself. Seeing this, I think a country has the right to make rules on the scope of power so that everything runs smoothly. So as long as the regulation does not change the nature of bitcoin I think all will be well.

Could be everything needs regulation but not Bitcoin. I don't think it is for a reason just to be legally accepted and stop those scamming activities or fraud cos literally it will still exist no matter if there is regulation. It is the government that wanted to control and benefit from Bitcoin, and this will issued a higher risk than keeping in a decentralized market.

There is no such protection, regulation means controlled IMO and if that be going to happen, that is the time also that we lose our freedom.
I don't think that we want it.

[LittleBitFunny]

I think KYC and regulation are okay, You can avoid KYC if you want, KYC is not required in all exchanges, and if you don't use third-party exchanges, you can avoid government's bans by trading p2p bitcoins from your local users. if you complete the KYC and use the exchange, then the way you use the local bank account is exactly the same. The government only takes KYC to prevent money laundering, ordinary users should not have any problem with it.

[Latviand]

This is the problem in India adopting cryptocurrency, they are having a hard time regulating it in their economy.

It is not that impossible for a country to allow and legalize bitcoin unless they can regulate it properly so that they will not have a problem on exchange and transactions.

Bitcoin is really new for some developing countries especially that it is decentralized and governments have nothing to do with it but to legalize it or not. Not all countries do have guts to accept bitcoin and let it circulate in the market because they have different mindset towards its existence.

[Karartma1]

Bitcoin as a protocol will probably be free of regulation: the ecosystem moving around bitcoin (being miners, devs, holders, etc.) get to decide how to treat the protocol. Mostly are devs who get their say, and I think that's right.
If you think of bitcoin in terms of its relationship with fiat money nothing stops the old world to regulate bitcoin as a value exchange mechanism: there you will have KYC, AML and all the rest of it. And, remember, that is unavoidable, don't be so naive.
You get to decide on which side you rather prefer to move to. Will you remain in bitcoin or will you go to the old world? It's up to you to decide.