Will bitcoin ever get regulated

[Argoo]

Regularly new information regarding adoption and regulation of bitcoin by different countries of the world is happening. Recently El Salvador made a strong decision against opposition. Now they've made a good return out of the Bitcoin. Government have come up with plans of constructing schools and hospitals with the profit.

Now another country Zimbabwe is with the plans of regulating cryptocurrency and accept it as legal tender. This being a small country there is more good to happen on adoption. As of now nothing officially declared from Zimbabwe government, they're on consulting stage. Soon we can see a country getting added to the list.

About Zimbabwe, as far as I remember, they talked earlier only about the fact that cryptocurrency was prohibited in this state. Do they want to move from a direct prohibition to the recognition of bitcoin as a means of payment? Not bad. This means that states may still be able to change their position on cryptocurrencies in the direction of mitigation.
As for the regulation of bitcoin, only the order and conditions of its circulation in society can be regulated by states. Internal regulation is beyond the powers of states.

[1715509150]

1715509150

[MrcMrc]

Regularly new information regarding adoption and regulation of bitcoin by different countries of the world is happening. Recently El Salvador made a strong decision against opposition. Now they've made a good return out of the Bitcoin. Government have come up with plans of constructing schools and hospitals with the profit.

Now another country Zimbabwe is with the plans of regulating cryptocurrency and accept it as legal tender. This being a small country there is more good to happen on adoption. As of now nothing officially declared from Zimbabwe government, they're on consulting stage. Soon we can see a country getting added to the list.

About Zimbabwe, as far as I remember, they talked earlier only about the fact that cryptocurrency was prohibited in this state. Do they want to move from a direct prohibition to the recognition of bitcoin as a means of payment? Not bad. This means that states may still be able to change their position on cryptocurrencies in the direction of mitigation.
As for the regulation of bitcoin, only the order and conditions of its circulation in society can be regulated by states. Internal regulation is beyond the powers of states.

Sometimes I can't help but wonder if cryptocurrency can ever get regulated in a real sense of it, because government regulations policy can only cover those services that are within their control so then what happens to decentralized services this will become the major issue in cryptocurrency regulation.

[habebe]

correctly regulated a bitcoin with financial institutions and where it has centralized and decentralization in governments to accept a bitcoin existence, the government will provide a centralized exchanges wallet like the cryptocurrency method must also provide to everyone which  is also has privacy of its own.

[Finestream]

No. Bitcoin is decentralized and censorship resistant. Only exchanges and centralized services will be regulated and this is not new.

That's the main point. Government and centralized bodies don't like decentralized crypto aka Bitcoin. If we talk about currencies like XRP, BnB and exchanges like Binance they are not decentralized cryptos rather centralized one. Governments have no issue in accepting the centralized cryptos that can be traced and taxed. I keep writing on such posts (since they pop up every other day) that governments all around the world have zero tolerance for decentralized P2P cash transfer.

Bitcoin is a decentralized currency so definitely, it will never be regulated by the government and cannot be controlled or manipulated by any group or entity. But i believe all its crypto related activities and its centralized platforms and exchanges can be totally regulated by the government knowing they will take full control on it. So once crypto will be considered legal by the government, all its bitcoin transactions and other crypto related things will  now be traced by government's banks and all its legal financial institutions.

[Sled]

Regularly new information regarding adoption and regulation of bitcoin by different countries of the world is happening. Recently El Salvador made a strong decision against opposition. Now they've made a good return out of the Bitcoin. Government have come up with plans of constructing schools and hospitals with the profit.

Now another country Zimbabwe is with the plans of regulating cryptocurrency and accept it as legal tender. This being a small country there is more good to happen on adoption. As of now nothing officially declared from Zimbabwe government, they're on consulting stage. Soon we can see a country getting added to the list.

About Zimbabwe, as far as I remember, they talked earlier only about the fact that cryptocurrency was prohibited in this state. Do they want to move from a direct prohibition to the recognition of bitcoin as a means of payment? Not bad. This means that states may still be able to change their position on cryptocurrencies in the direction of mitigation.
As for the regulation of bitcoin, only the order and conditions of its circulation in society can be regulated by states. Internal regulation is beyond the powers of states.

They might ignore Bitcoin before or might have no capability to adopt the system due to poor economic system but for now, with the spread of crypto adoption, they are finding a way to make it possible. But kinda be a huge challenge with them and it can be hard in a situation where the interest of the community isn't strong that certainly will just fail.

As far as the concern of their people, they needed more job opportunities and I think this should have given the first priority than pushing crypto adoption on their place coz that seems useless and hopeless.

[Dewi Aries]

This topic have taken the center stage of my thought we have seen how countries around the world are gradually opening the economy to adopt bitcoin and as a result a lot of government policies are already underway to develop a framework that allow regulation of the bitcoin ecosystem which have made me to wonder on this topic. Can a decentralized currency like bitcoin ever get regulated?

I think government will regulate like legalization about exchange or any other which is about permission. But for ownership or how people access bitcoin sites, i think government can do that because people will have other ways to save their coins or maybe access sites that related with crypto. I hope in my country there are no regulation for crypto because people will forced to pay tax about crypto and honestly i don't want it. 

[Oilacris]

This topic have taken the center stage of my thought we have seen how countries around the world are gradually opening the economy to adopt bitcoin and as a result a lot of government policies are already underway to develop a framework that allow regulation of the bitcoin ecosystem which have made me to wonder on this topic. Can a decentralized currency like bitcoin ever get regulated?

I think government will regulate like legalization about exchange or any other which is about permission. But for ownership or how people access bitcoin sites, i think government can do that because people will have other ways to save their coins or maybe access sites that related with crypto. I hope in my country there are no regulation for crypto because people will forced to pay tax about crypto and honestly i don't want it. 

They could only regulate people or users on exchange accounts or any services or platforms that do offer or in relation with crypto but talking

it directly handling it out then its impossible and thats what government is trying to do but still failed even up to these years.

We dont need regulation actually but for some point on which we do need some full scale adoption then we would really be touching up
this part.

[Natalim]

This topic have taken the center stage of my thought we have seen how countries around the world are gradually opening the economy to adopt bitcoin and as a result a lot of government policies are already underway to develop a framework that allow regulation of the bitcoin ecosystem which have made me to wonder on this topic. Can a decentralized currency like bitcoin ever get regulated?

I think government will regulate like legalization about exchange or any other which is about permission. But for ownership or how people access bitcoin sites, i think government can do that because people will have other ways to save their coins or maybe access sites that related with crypto. I hope in my country there are no regulation for crypto because people will forced to pay tax about crypto and honestly i don't want it. 

They could only regulate people or users on exchange accounts or any services or platforms that do offer or in relation with crypto but talking

it directly handling it out then its impossible and thats what government is trying to do but still failed even up to these years.

We dont need regulation actually but for some point on which we do need some full scale adoption then we would really be touching up
this part.

yeah, in the situation that gives us no chance but to seek support from the government which leads to strict rules and market regulation.
However, I don't think that we need to become wary seeing these changes, merchants and business owners are very confident when they know that the government is involved with this. But for us who are just normal investors and wanted to still become anonymous, that will become a problem.

[MaDeidre]

When Bitcoin becomes a payment trend, it will be more or less regulated. If the government does not regulate Bitcoin, it may make legal currency the mainstream. The government will hinder the development of Bitcoin. The government wants to control people and will not give up control over financial resources.

[Leviathan.007]

Depending on what you mean by regulation, bitcoin shouldn't be and cannot be regulated because of the decentralization of bitcoin this cannot be managed, monitored, or watched by any government or organization so that's why even if a country tries to force people to do a legal transaction or even they take another step and try to ban bitcoin this would fail just like what happened to China. But still, any government can decide to announce bitcoin is legal and use it as a legal currency just like what happened to El Salvador. However, there are still many people against this theory.

[syedakhlaque]

Bitcoin and cryptocurrency have been legalized in some countries of the world. Some countries are trying to design a framework to legalize it. Some are thinking, How to legalize it.
The Bitcoin and cryptocurrency can be regulated in all countries after
(i) Strong KYC (Acceptable by all countries).
(ii) There will be only its legal use not illegal(rules and regulations should design to stop its illegal use)
(iii) Acceptable decentralized policy for all countries.

[sheryllmcnulty]

Bitcoin is operated by a non-government decentralized authority, which is the prime reason behind its transparency. All transactions through Bitcoin undergo massive computerized verifications. Anyone can access the public ledger where the Bitcoin balances are stored. IMHO, it will never be possible to regulate Bitcoin by any one centralised authority.

[Questat]

Bitcoin is operated by a non-government decentralized authority, which is the prime reason behind its transparency. All transactions through Bitcoin undergo massive computerized verifications. Anyone can access the public ledger where the Bitcoin balances are stored. IMHO, it will never be possible to regulate Bitcoin by any one centralised authority.

The transactions can't be regulated but in the price, that could be possible if the government will impose laws and certain regulations. In fact, this has been started by some countries, their strict regulation makes even get stricter but it gives safety to their people. Why? because this makes stopped any act of fraudulent activities that involve crypto. As with the transparency it have, the easier for the authorities to track activities like this. That is why it has been ask to comply KYC verification, not just for taxes but for the safety benefits.

[Bombbi]

Bitcoin will not be regulated. It is decentralized, has the characteristics of resistance to censorship and resistance to supervision, and it will not be manipulated by any institution in any way.

[phillipjackson]

As Bitcoin is a decentralised digital currency, with no central bank or single administrator, it's not possible to regulate it directly, but after making it a prominent currency, there is a possibility that indirect regulation will be implemented on the transactions of Bitcoin.

[Tellek Garing]

As Bitcoin is a decentralised digital currency, with no central bank or single administrator, it's not possible to regulate it directly, but after making it a prominent currency, there is a possibility that indirect regulation will be implemented on the transactions of Bitcoin.

I believe bitcoin regulations may be possible in some cases because when the government decided to fully get involved in decentralized cryptocurrency in it economy policy formulation that will see how to regulate Bitcoin.

[dunfida]

As Bitcoin is a decentralised digital currency, with no central bank or single administrator, it's not possible to regulate it directly, but after making it a prominent currency, there is a possibility that indirect regulation will be implemented on the transactions of Bitcoin.

Not really that possible if we do talk directly which people should really realize that but in terms of regulating those services and platforms do get involved with crypto or bitcoin itself then it could be done but somehow we had already seen some countries had made out bitcoin on being a legal tender or currency which means that it could really be done but not really as that  rampant.

We dont actually need on being regulated on general sense of bitcoins existence but due to fiat transactions between crypto then it
couldnt really be somewhat able to avoid.

[gloriamartin]

As Bitcoin is a decentralised digital currency, with no central bank or single administrator, it's not possible to regulate it directly, but after making it a prominent currency, there is a possibility that indirect regulation will be implemented on the transactions of Bitcoin.

Even I believe that Bitcoin will never be regulated, but that the government will put some regulations in the transaction.

[Oasisman]

This topic have taken the center stage of my thought we have seen how countries around the world are gradually opening the economy to adopt bitcoin and as a result a lot of government policies are already underway to develop a framework that allow regulation of the bitcoin ecosystem which have made me to wonder on this topic. Can a decentralized currency like bitcoin ever get regulated?

Bitcoin has been designed to be decentralised and it's being made for the main purpose of it, nothing can ever change it even If Satoshi has the ability to change it he'll never do it.
Now, If we're talking about regulating crypto currency, then I can say no government can regulate Bitcoin and other cryptos. That's why they put regulation and mandatory KYC verification for the crypto exchange and trading platforms. Though there were just a few who have full compliance, but I guess as time passes by all trusted exchange will follow suit.

[bounceback]

This topic have taken the center stage of my thought we have seen how countries around the world are gradually opening the economy to adopt bitcoin and as a result a lot of government policies are already underway to develop a framework that allow regulation of the bitcoin ecosystem which have made me to wonder on this topic. Can a decentralized currency like bitcoin ever get regulated?

Bitcoin comes fully with a decentralized system which means that no single government can regulate or manage bitcoin like paper currencies in general, they can only monitor and restrict bitcoin by regulating the exchange platform and it seems that the policy on regulation will be stricter as bitcoin's popularity increases.