Will bitcoin ever get regulated

[mitchr4]

Bitcoin will lose its value if it gets regulated. We will not be free to use, sell or buy Bitcoin with the policies made by the government. The government will always take advantage of every policy they make.

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[Kez1817]

Bitcoin is decentralized digital currency that no single authority can control it neither in the past or in the future. Only Centralized crypto exchange will be under the regulations imposed by the government for the purpose of taxation but the bitcoin directly.

[noormcs5]

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 will get regulated but it is hard to predict when this will happen and how it will happen. The decentralized nature of bitcoin is totally opposite the current economic system of the  world. How it will be integrated in the current fiat system is something which is yet to be experiment and implement.

[dbc23]

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?

Many government agencies are trying tooth and nail to see to it that Bitcoin get regulated but the edge Bitcoin has over most policies is that it's temper resistant and the highest that could be done is to regulate centralized exchanges but for Bitcoin it self it's strictly on a peer-to-peer network base and no form of regulation can alter it's flow

[TheGreatPython]

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 have also been having this same thought, and so far I don’t think that it would be possible for the government to be able to directly regulate bitcoin. The only thing that they have been doing is to regulate the centralized exchanges.

Centralized exchanges are like the tool for them to regulate cryptocurrency, and when you’re making use of exchanges like which are centralized, like Coinbase, they will be able to know what you’re doing with this cryptocurrency. And that’s because these exchanges will request info from you such as name, ID, photo, address, etc. And these information that are being gathered by these exchanges can be used by the government at anytime.

[Gyfts]

Short answer is yes.

Long answer involves a look at the way a country conducts its economic regulation, aka taxes. Theoretically, any government could make bitcoin virtually illegal by hiking up taxes on any transaction involving crypto, or any currency conversion involving crypto. Or, consider a wealth tax. You invest in BTC at 50k/coin, and BTC reaches an all time high of 100k/coin. Do you have an unrealized gain on the crypto of 100 percent? Yes, will the government come in and say that you now owe 20 percent, or more, to the tax collection agency? And if you do not have the liquidity to pay up, you must divest your coin.

Wealth taxes are already being considered, it worries more for the crypto world than it does for institutional investors that dump all their money into stocks. If the US or China tamper down crypto growth, it's not a good sign for everyone else.

[Hamphser]

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 have also been having this same thought, and so far I don’t think that it would be possible for the government to be able to directly regulate bitcoin. The only thing that they have been doing is to regulate the centralized exchanges.

Centralized exchanges are like the tool for them to regulate cryptocurrency, and when you’re making use of exchanges like which are centralized, like Coinbase, they will be able to know what you’re doing with this cryptocurrency. And that’s because these exchanges will request info from you such as name, ID, photo, address, etc. And these information that are being gathered by these exchanges can be used by the government at anytime.

They cant really touched crypto market without exchange platforms involvement or any other things that do involves crypto payments like businesses or something like that.Government could able to touch up crypto

directly if they wanted to then they had already done this a long time ago specially with Bitcoin which is already making some huge influence and popularity in the market today.

We are already experiencing that exchange platforms are becoming more strict because government do really requires them to do so.

[rizqoAD]

Bitcoin is a decentralized coin whose number and circulation cannot be regulated as Bitcoin has a limited number of only around 21 million. Indeed, there are several countries that have adopted and legalized Bitcoin, but what the government can regulate is a tax for every transaction. The government cannot regulate the amount and price of Bitcoin itself because it is a decentralized Bitcoin whose price depends on supply and demand, this is what distinguishes Bitcoin from centralized fiat money.

[NelfiNovita]

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?

For now Bitcoin will not be regulated by anyone because bitcoin is a decentralized crypto currency.
It may have been done by some countries to try to regulate Bitcoin but can't and they can only ban bitcoin in their country.
In my opinion, if in the future the entire supply of Bitcoin has been mined, then that is where all countries will create a program to regulate Bitcoin so that every transaction can be monitored and no more criminals will use Bitcoin.

[nicolerichardson]

I don’t think so. In fact, bitcoin not being regulated is a major reason why people invest and trade it. I don’t see any chances of bitcoin getting regulated any time soon.

[RILWAN]

I don’t think so. In fact, bitcoin not being regulated is a major reason why people invest and trade it. I don’t see any chances of bitcoin getting regulated any time soon.

Bitcoin can not get regulated but its services may undergo some form of regulation since some of its services require physical representations.
The inability of the government to regulate Bitcoin is the major set back facing Bitcoin adoption.

[peter0425]

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?

No and will never, Bitcoin decentralization is also the reason why most government don't wanted to adopt this legally or becoming their legal tender because of this characteristics , they cannot control  nor regulates the currency so why adopting?
so in closer answer this cannot happen for bitcoin .

I don’t think so. In fact, bitcoin not being regulated is a major reason why people invest and trade it. I don’t see any chances of bitcoin getting regulated any time soon.

Yes that is the reason why we are all here because of our freedom capacity to act that government cannot intercept .

[Sanitough]

Bitcoin will never be regulated because it's decentralized.

What can be regulated is the 3rd party entity or online wallets because they exist or operate to make a profit from transactions. Taxes exist because we do convert our bitcoin to traditional money, with that, we are required to pay taxes especially if we earn profit which we called as capital gain tax when paid to the government.

Regulation is happening already in countries where they accept bitcoin, but for countries who does not like bitcoin, they will just simply ban it and make it illegal for anyone who transact bitcoin in any form or purpose.

[marilynmanson21]

I don't think it will ever be regulated, because as we all know, the system is decentralized and it is difficult for the government to enforce the rules of ownership.
however bitcoins can be regulated through financial channels such as existing exchanges and, as you may have noticed, decentralized exchanges are now not as decentralized as they were before.
The point is that bitcoin will not be regulated by anyone because bitcoin is a decentralized cryptocurrency

[glendall]

bitcoin can not be regulated, that's the reason many governments reject the existence of bitcoin,
However, the government can pressure the exchanges where they are sheltered by implementing KYC if they are going to make financial transactions with the central bank.

[lucates]

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?

Maybe cryptos will regulate in future. Regulation could be a kind of KYC system through a government mediated wallet or maybe the exchanges will be regulated by a government body. Some are believe crypto can't to be stopped but it has to be regulated and they think regulations are good. When regulated risk issues of crypto is reduced, institutional investors are enter the crypto world, could get trade license and start a crypto related businesses so many people believe regulation is good for investors. Almost all countries welcoming crypto and every country accepts the facts that block chain technology is future. Every technology have both advantages and disadvantages so it should be regulated and govt will bring some actions to regulate it.

[LUCKMCFLY]

I think that by nature Bitcoin should never be regulated, Bitcoin should not remain under rules to be used by people, that is the main legacy that Satoshi left us, neither governments nor third parties should regulate them, what happens is that in the type of society that we live where they fud Bitcoin everywhere, saying that it is a volatile and high risk asset, as long as people continue to faithfully believe in the news and in economists where they do not give btc cavities those things will continue to happen, and for the majority of people the traditional economy is the most reliable where there is security and control, that includes complete identity, that is, zero anonymity, for many that is the right thing to do.

[blockman]

I don’t think so. In fact, bitcoin not being regulated is a major reason why people invest and trade it. I don’t see any chances of bitcoin getting regulated any time soon.

Investing in bitcoin is fine and it would be regulated because, in a country where dislikes bitcoin, they can implement a set of rules that will prohibit their people in investing in bitcoin. But that country alone cannot regulate the bitcoin network, they're just good at giving instruction on what people must not take but they cannot wholly stop the network that completely operates bitcoin. We're going to the point that each country that sees the possibilities of bitcoin will just accept it and regulate it all at once. Because if they ban bitcoin, it's not a good decision.

[carolynpatterson]

Since Bitcoin is a decentralised currency, nobody can regulate it. However, it's access can be regulated to an extent by various governments to avoid frauds and its illegal use. For example, governments can introduce tough KYC approvals and bring strict policies related to cryptocurrencies, to regulate it indirectly.

[CDC AP]

As Bitcoin is fully decentralized by nature so it is not possible to regulate it. But we have to use broker or exchange to liquidate or trade our coin and most of the reputed exchange are centralized and required KYC documents to withdraw funds, that's why our Bitcoin can be regulated by the government or exchange.  Since we don't have the private key, hence we don't have any control over our funds in exchange.