Will bitcoin ever get regulated

[Botnake]

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

Right. It was built as decentralized so no group or entity can ever regulate it. Although there are some government policies for bitcoin users, but for bitcoin itself, it won't never be regulated. But i think once it will adopted globally and act as an alternative to fiat, maybe by that time the government will be able to regulate it slowly. For now, as long as its fully decentralized and not yet fully backed by the government, it remains to be unregulated.

[Hioth666]

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?

Peoples in power never like this, and they never allow to be regulated because these culprits hate all decentralized things. Just because of this now they are tightening their grip on centralized exchanges with regulations and bringing KYC policy very stick.

[carlfebz2]

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

Right. It was built as decentralized so no group or entity can ever regulate it. Although there are some government policies for bitcoin users, but for bitcoin itself, it won't never be regulated. But i think once it will adopted globally and act as an alternative to fiat, maybe by that time the government will be able to regulate it slowly. For now, as long as its fully decentralized and not yet fully backed by the government, it remains to be unregulated.

They could regulated only on platforms/services which do involves with crypto and not directly technically with it because it cant really be possible as we do all know.

We've seen several countries now are  making it as a legal tender which is great but it would still takes time about this adoption to move further and i dont really believe that it could
replace fiat soon but rather be always staying up as an alternative.

People shouldnt really think off about this way because it wont really happen no matter what.

[RILWAN]

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

Right. It was built as decentralized so no group or entity can ever regulate it. Although there are some government policies for bitcoin users, but for bitcoin itself, it won't never be regulated. But i think once it will adopted globally and act as an alternative to fiat, maybe by that time the government will be able to regulate it slowly. For now, as long as its fully decentralized and not yet fully backed by the government, it remains to be unregulated.

They could regulated only on platforms/services which do involves with crypto and not directly technically with it because it cant really be possible as we do all know.

We've seen several countries now are  making it as a legal tender which is great but it would still takes time about this adoption to move further and i dont really believe that it could
replace fiat soon but rather be always staying up as an alternative.

People shouldnt really think off about this way because it wont really happen no matter what.

Well despite the fact that many countries are begging to adopt Bitcoin as a legal tender, the fact still remains that Bitcoincan never get regulated as no one have the power to do so not even the FED their can only adopt Bitcoinas a secondary currency to tap into the many advantages of bitcoin ecosystem 

[BuNga_cute]

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

Right. It was built as decentralized so no group or entity can ever regulate it. Although there are some government policies for bitcoin users, but for bitcoin itself, it won't never be regulated. But i think once it will adopted globally and act as an alternative to fiat, maybe by that time the government will be able to regulate it slowly. For now, as long as its fully decentralized and not yet fully backed by the government, it remains to be unregulated.

They could regulated only on platforms/services which do involves with crypto and not directly technically with it because it cant really be possible as we do all know.

We've seen several countries now are  making it as a legal tender which is great but it would still takes time about this adoption to move further and i dont really believe that it could
replace fiat soon but rather be always staying up as an alternative.

People shouldnt really think off about this way because it wont really happen no matter what.

If Bitcoin can be regulated, it means that it is not decentralized, then however the government tries to regulate Bitcoin it is impossible. The reason
why many people trust Bitcoin, is because it is different from fiat which can be regulated by the government. Because the government is having
a hard time regulating Bitcoin, therefore the majority of countries in the world are neutral by banning Bitcoin as a payment and only allowing it
to be used as a digital asset. So not many countries will legalize Bitcoin as a legal tender, but with time, many countries will begin to follow
in El Salvador's footsteps legalizing Bitcoin as a legal tender. Because in the end the government will realize Bitcoin will not replace fiat, but will
only be an alternative. It's actually very good if fiat and Bitcoin can co-exist and complement each other.

[isaac_clarke22]

~

They regulate it through some means by having 3rd party apps that allows their people to hold cryptos, while at the same time requiring them to comply with KYC policies which would require an ID from their people before having the means to sell them or even buy services with the use of it. This is at least from my experience, though it doesn't literally "regulate" crypto like controlling the whole blockchain itself as that is a complete BS to happen.

[aejay420]

Hello BTT family,
What if bitcoin was legal in India?
When there is talk of cryptocurrency, how bitcoin can be excluded from the discussion. Right? As bitcoin has shown the entire world of investment that cryptocurrency can give high value return on investment. The highest ROI given by bitcoin in last 10 years than anyother project.
So if bitcoin becomes legal in India it could benefit everyone in the country like firstly the government. Government can make it legal or regularise so that it can earn from the tax which can help in economic growth and development of the country. Moreover India which in last 6 years has encouraged online transactions through UPI payments want to make aware of online transactions and which has been a great success. As government encourages online transactions next could be cryptocurrency. As I think so let's see. What you think about it?
Secondly India which has so much potential young youths in every field and sees opportunities in new sectors for growth. Bitcoin launching could provide a great opportunity for these young youths for there personal and financial growths.
Third is mining of bitcoin on a large scale should be encouraged with the help of renewable energy sources like wind, solar, hydro. This type of mining could increase in rise of new mining companies and which in return would provide good job opportunities.
This type of mining could control pollution also thus not harming our environment and this is good news for every one
So more jobs, new online transactions in form of cryptocurrency/ bitcoin, new companies, less pollution. Isn't this futuristic?
That's why I believe Bitcoin/cryptocurrency is future of our world.
Indian government do it fast don't be late on this.
Thanks guys for reading my views.
Was it good? I'm open to feedbacks  and discussion.

[jamkesmas]

I don't think bitcoin can be regulated, because bitcoin is independent, it can't be regulated by several countries, I think it's the state that has to adjust to the bitcoin system.

[retreat]

bitcoin can only be regulated if satoshi is found, but that will never happen because satoshi is so anonymous. Countries can only regulate bitcoin exchange in their country but cannot legally bind bitcoins because bitcoin is a decentralized asset.

[Mr.sprin]

bitcoin can't be regulated bitcoin is independent and bicoin doesn't need support from anywhere the proof was yesterday there were countries that banned bitcoin mining like china maybe they want the value of bitcoin to go down but until now bitcoin prices are still expensive this proves bitcoin is independent and can't be regulated.

[Dhaniii]

The government cannot regulate the market price of bitcoin, although it can legalize bitcoin as a legal currency. bitcoin can be the digital currency of the whole world and not some countries, so countries can use bitcoin as a medium of exchange only, but cannot control bitcoin.

[PreciousH]

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 the answer is Yes. Bitcoin get regulated. There are still a great way to buy , sell and trade bitcoins without a centralized exchange.

[Bloodseekers]

By looking at how long bitcoin has been around, it's been 11 years in the world but a superpower like America can't regulate it. I don't think bitcoin can be regulated by anyone. Its decentralized nature makes investors confident. If it can be regulated by several countries, I'm sure investors will doubt its honesty, I'm afraid the market will be manipulated by people with an interest.

[MIner1448]

And who told you that eo is not regulated ... We all watched how whales and manipulators in the market collapsed bitcoin to a price of $ 42,000, is this not control over it. Any structure has its own regulators, in this case, the regulators are manipulators and whales in the market.

[Tellek Garing]

And who told you that eo is not regulated ... We all watched how whales and manipulators in the market collapsed bitcoin to a price of $ 42,000, is this not control over it. Any structure has its regulators, in this case, the regulators are manipulators and whales in the market.

Well I can't refer to whales as regulators because they don't have direct control over the market and the whale can only influence the market for just a single time and if he is out of Bitcoin the power is gone but a regulator is a policymaker that makes a law that determines the direction the market will go so whale are just big bag holders.

[jhonjhon]

More than a decade after bitcoin introduces, government around the world still trying to figure out ways to regulate bitcoin and other cryptocurrencies. The reason why they cannot regulate bitcoin because it is decentralized or there is no central entity that prints money. And it can be also used by criminals. If the government wants to, it can. It is impossible to regulate, only the imaginary ecosystem

[CDC AP]

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.

[Argoo]

And who told you that eo is not regulated ... We all watched how whales and manipulators in the market collapsed bitcoin to a price of $ 42,000, is this not control over it. Any structure has its regulators, in this case, the regulators are manipulators and whales in the market.

Well I can't refer to whales as regulators because they don't have direct control over the market and the whale can only influence the market for just a single time and if he is out of Bitcoin the power is gone but a regulator is a policymaker that makes a law that determines the direction the market will go so whale are just big bag holders.

In fact, you yourself answered your own question about the possible regulation of bitcoins and other decentralized cryptocurrencies. The legalization of cryptocurrency by the state without fail includes determining the legal status of cryptocurrency in the state, the conditions and procedure for its circulation on the territory of the state, and the procedure for possible taxation. If the order and conditions of circulation of cryptocurrency is its regulation, then such regulation will be in any case in every country. In this case, we do not say that the state will make changes to the cryptocurrency software, this is impossible to do.

[kobir6678]

Bitcoin in Futher fully Lead Economic Service, Strong Support maney company or Country Money Security Authority Except Bitcoin Payments or Big Financial Deal

[LUCKMCFLY]

Under the regulation criteria of all the governments of the world, I think they could make them regulate it, however I think that those regulations will be skipped by people to not comply with them, nobody likes to leave their money to the government, however they are currently creating Laws in some countries for the adoption of BTC and cryptocurrencies, in the case of countries like Venezuela that has a totally fragmented economy and without a solution, BTC circulates normally, but the only regulation that exists is in BTC mining, since They have to register with the SUNACRIP body which is mandated by the government.