Will bitcoin ever get regulated

[peter0425]

Can a decentralized currency like bitcoin ever get regulated?

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

agree. government just regulated exchanger and the other service that relate with cryptocurrent.
maybe, in some country, they make new crypto current than they regulated it as much as they can. what make people attract maybe just available bonus, then back to primary coin.
in my place crypto is bad thing, but there is a big party make new currency based on crypto.

it has been mentioned completely to the post you quoted so i can't see what you are pointing here?

hmm, i think it will hard to answer your question, right now there are 195 countries in the world, and if we want to makes bitcoin regulated in a good way, we must need 195 countries to makes the rules about bitcoin, and i think from 195 countries, there are countries that disagree about bitcoin, why? because they can't track the money, so it can makes the criminals in that country increasing, so if you think about the regulated bitcoin, i think we need a long way to go there

if you will just spend some time scrolling above , all the answers had been given and completely , so what is hard for you here?

Bitcoin cannot be regulated but exchangers and services will be fall from regulations but not bitcoin.

[Cindella]

Bitcoin is a decentralized currency and cannot be manipulated or fully controlled in any way.
When Bitcoin is legally used in some countries, the government will supervise and track its transactions.

[Dhaniii]

If bitcoin users become more massive then all countries will immediately implement regulations, I'm sure there is no reason for any country to stop and refuse bitcoin so giving permission is a better thing. the presence of regulations can certainly reduce project fraud that is increasingly massive.

Bitcoin is a decentralized asset and a randomized system making it difficult for anyone to manipulate. the government can only regulate and supervise crypto whether the crypto is using the wrong system so that it can result in the loss of others while bitcoin itself cannot be regulated by any government.

[Connor Britton]

Bitcoin is decentralized. If Bitcoin is used frequently, the government will find ways to regulate it. The economy occupies an important position in the country. But I still hope that Bitcoin will not be regulated so that people can freely pay for what they want.

[Davidvictorson]

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?

Governments could ban the use of bitcoin even if they can’t take over the system at the technological level. People could keep using bitcoin in that scenario, of course, but it would be like dealing drugs. Most people don’t want to deal drugs even if it’s profitable because the consequences of being caught outweigh the profit for most. That said, I’m a bitcoin speculator. I believe in it’s medium-term growth and, potentially, long-term success if it’s not banned or heavily constrained by regulations. But I prefer to speculate instead of holding because of this potential ban/regulation that could destroy bitcoin’s price overnight.

[leverageguy]

I doubt if it will ever be because bitcoin being a decentralised currency is a major reason why people trust it. If it comes into the hands of the government, people will start dumping it.

[haasanjui]

Bitcoin server is controlled by Bitcoin Users. It is first server in the world which is controlled by users. Company of bitcoin only manage and develop hardwere amd software for bitcoin.

[qwertyup23]

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?

Nope and this will definitely destroy the purpose on why cryptocurrencies are created in the first place.

The reason on why Satoshi Nakamoto created bitcoin is because he wanted to have a currency which is decentralized (no regulation from any third parties) in which anyone can transact along the blockchain. Since this removes completely any third parties from accessing or recognizing your transactions, miners are the ones who are responsible for validating your transactions as you use your BTCs.

Again if BTC were to be regulated, this will be no less than fiat- meaning governments or third parties would be able to regulate its transactions, which ultimately contradicts on why BTCs were created in the first place.

[taufik123]

I doubt if it will ever be because bitcoin being a decentralised currency is a major reason why people trust it. If it comes into the hands of the government, people will start dumping it.

the government will never even be able to fully regulate bitcoin. the government only regulates the use of bitcoin and cannot change the system that has been created in it. Regulations are only as rules regarding the use of bitcoins and nothing more than that. Even though the government enforces strict regulations, bitcoin users will still use bitcoin.

[Desmong]

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 know this will happen one day. It will be regulated surely since the government has no choice than to adopt Bitcoin since it's what the people are running after. We all want to get in to the crypto market and benefits more from buying the dip and selling the top. We all should be prepared for this day or else we might get curt. 

[Ziskinberg]

I doubt if it will ever be because bitcoin being a decentralised currency is a major reason why people trust it. If it comes into the hands of the government, people will start dumping it.

the government will never even be able to fully regulate bitcoin. the government only regulates the use of bitcoin and cannot change the system that has been created in it. Regulations are only as rules regarding the use of bitcoins and nothing more than that. Even though the government enforces strict regulations, bitcoin users will still use bitcoin.

That only they can touch people who use Bitcoin but not the system. It remains uncontrollable, unregulated, and it remains decentralized as it was to be from the very beginning. The only thing that the government is going to do is to impose taxes for all the users, nothing else. But somehow, it was still in their struggles since not all will able to pay it and the people remain anonymous which becomes their burden. That is why they hated Bitcoin, they don't like how the people could even lie with them. And this is to see the market price remains unpredictable as it freely moves in different directions.

[Murtaza345]

I think very soon like 5to 10 years many of countries like  middlest,and many African countries Will tegulate bitcoin reason they get good gain From bitcoin and we can say it's their good source of income.and not only Those countries but may Asian countries also will regulate bitcoin, because it's their people ,s demand. so we can see good move about bitcoin near future restated regulated of bitcoin.

[tippytoes]

I don't see any reason to make it regulate either in the future as it's decentralized and can not be controllable, so it's a high possibility that the government never wants bitcoin or any cryptocurrencies to become regulated. The most significant fact is mining, and usage of mining has become common, and as everybody wants free money, they'll start earning bitcoin through mining. I believe it makes people lazy and they'll work at home instead of going outside.

Regulation is hard for a decentralized currency. But if the government just want to get a hold of some of its crypto users, they are already doing it by regulating the local crypto exchanges. Because most local crypto exchanges are under the jurisdiction of the local Central Bank. So in some way, they have the picture of what's going on in their crypto community. But of course, it is not the absolute picture because some users will use p2p and other independent platforms. So it is like partially regulated but I doubt they can have a full grasp of the crypto movements. Because they can't. This is why the governments are hesitant towards crypto. They have no way of fully controlling its existence.

[rodskee]

I think very soon like 5to 10 years many of countries like  middlest,and many African countries Will tegulate bitcoin reason they get good gain From bitcoin and we can say it's their good source of income.and not only Those countries but may Asian countries also will regulate bitcoin, because it's their people ,s demand. so we can see good move about bitcoin near future restated regulated of bitcoin.

If bitcoin will be a currency then regulation will surely take place because a Government will never allowed this to function without their conditions and regulations.
and also this is the reason why Bitcoin is still pending to be adopted because of the decentralization and volatility of cryptocurrencies .

I don't see any reason to make it regulate either in the future as it's decentralized and can not be controllable, so it's a high possibility that the government never wants bitcoin or any cryptocurrencies to become regulated. The most significant fact is mining, and usage of mining has become common, and as everybody wants free money, they'll start earning bitcoin through mining. I believe it makes people lazy and they'll work at home instead of going outside.

If this will never happen , then expect a long term fight of crypto against many governments .

and yes this will run for long time .

[Drnice]

No. Bitcoin cannot be regulated by some government bodies anytime soon, otherwise it's unique feature is taken away from it. Bitcoin as a digital currency, now being tagged to be an asset or store of value is already something the government are interested in so as they can have their lead on it and know everything going through it. For now, there are lots of countries working towards the regulation of Bitcoin, while some are taking the action of banning Bitcoin use, this will be, but the future will tell, if the regulation will suit the interest of the people and be accepted or be against the interest of the people and be reject. To an extent, this will be a big fight in the future, there will always be a winner, with some serious injuries.

[henryvuong]

The whole purpose of cryptocurrency is to be free of any governmental regulation, and we have achieved that goal.

[btc78]

Bitcoin is actually a digital currency.

Oh thanks for this trivia as we don't know about this fact 

Is controlled by a whole human hand.

What is not controlled by Human hands in this world? even robots are controlled by Humans .

If ownership of Bitcoin can be ascertained then this Bitcoin can be well controlled from any place through any means But I think bitcoin will come under control one day.

One control in terms of what? country ? individual? sorry but I can't figure out what you mean by that.

I think something must go out of ownership I think something must go out of ownership and Bitcoin is a completely controlled human.

same statement? lol do you really understand what you are telling us here?

[Peanutswar]

The bitcoin itself has decentralized the reason why it looks like being controlled because of the large investors who hold their assets and make a market manipulation another factor is the exchange too some of them controls their way the transaction fees well it's their right because it's their services. It depends on the country too if they are willingly accepted the use of bitcoin or not.

[goldkingcoiner]

The whole purpose of cryptocurrency is to be free of any governmental regulation, and we have achieved that goal.

The government is a bit more powerful than you can imagine, I have to say. Decentralised or not, if the governments of the planet went full-on China dictatorship mode, we would find it very hard to find value in Bitcoin, as the governments would find a way to make it impossible to buy or sell anything with it, legally. And they would make miners illegal and that would scare people off too.

[Tellek Garing]

The bitcoin itself has decentralized the reason why it looks like being controlled because of the large investors who hold their assets and make a market manipulation another factor is the exchange too some of them controls their way the transaction fees well it's their right because it's their services. It depends on the country too if they are willingly accepted the use of bitcoin or not.

Tried so hard to understand the point you are trying to make, but if I get you currently you point out quite a good number of points such as the decentralized nature of Bitcoin which is the bedrock of its strong security, and the government inability to regulate and control Bitcoin, but the other challenges are bitcoin scalability problem and how it decentralized nature have made it impossible for developers to add some setting software that will make bitcoin mainstream adoption flexible and easy.