Will bitcoin ever get regulated

[blatchcorn]

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

This issue is as old as hills. There is dire need of understanding among BTC community that its a decentralized financial system developed to remain free from manipulation and censorship. Centralized crypto and exchanges join the crypto much later just to have bigger piece of the cake. I dont consider coins  like XRP, BnB part of crypto ecosystem. 

[LUCKMCFLY]

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

This issue is as old as hills. There is dire need of understanding among BTC community that its a decentralized financial system developed to remain free from manipulation and censorship. Centralized crypto and exchanges join the crypto much later just to have bigger piece of the cake. I dont consider coins  like XRP, BnB part of crypto ecosystem. 

Well it is a respectable opinion, obviously these coins that you name are just a few more, the one that matters most is BTC, if we take into account the possible regulation of cryptoactives, the governments will take into account those coins that you name, plus the possible tokens that They will also be used by the governments to extract the maximum possible tax, so part of all this, although the other currencies are not as relevant compared to BTC, belong to the same technology and in different networks, but they have a different approach.

[TribalBob]

I don't think it will ever be possible, because of the decentralized nature of btc, and this has become the initial provision of its ownership, but if the exchange can be regulated by the government at least an exchange that will operate in a certain country must follow the laws in force in that country regarding existing finances

[lenovop-70]

That's never will, Bitcoin will remain decentralized no matter what, because it was born that way and will continue to be, if you mean market centralization of Bitcoin is possible, and it is today, but if you mean centralized Bitcoin is Can not.
Bitcoin is decentralized and immune to censorship restrictions everywhere.

[Wiwo]

That's never will, Bitcoin will remain decentralized no matter what, because it was born that way and will continue to be, if you mean market centralization of Bitcoin is possible, and it is today, but if you mean centralized Bitcoin it Can not.
Bitcoin is decentralized and immune to censorship restrictions everywhere.

Whenever bitcoin ever gets regulated it will lose its original nature and that will affect its performance greatly that is why Satoshi makes sure to make the bitcoin network highly decentralized and uncontrollable by any individual or group left alone by the government.
Bitcoin can never get regulated but the government can rather adopt Bitcoin just like in the case of El Salvador

[Odusko]

I don't think bitcoin can be regulated by government, it decentralized nature can't be changed if any one tries to change it,bitcoin will be disvalue,government has no right on bitcoin because its not created by them.

[Quidat]

I don't think bitcoin can be regulated by government, it decentralized nature can't be changed if any one tries to change it,bitcoin will be disvalue,government has no right on bitcoin because its not created by them.

Talking technically then there's no way that it could be regulated and this is the main reason on why most governments do really hate it and doesnt tend to adopt
or simply wont fit out on their likings which it isnt surprising knowing that government do really loves on controlling everything thats why they do  really put up
their focus on platforms which do deal with crypto on where they do set out regulations and to those people who do uses will simply abide with the laws
that had been put in. Any choices? None but if you are a long term holder then it wont really be much an issue.

[ChiBitCTy]

Those who said no are wrong. Now technically you can always buy and sell OTC ( Over The Counter) which can be done completely unregulated but if all governments were to ban bitcoin that would mean they’d not allow for exchanges to be operational in their countries and that would ruin bitcoin. Period.

[Doan9269]

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?

One of the cores of the founder Satoshi Nakamoto is to make individuals have independence in their daily life business activities using a digital currency other than the fiat currency, if by any means Bitcoin get regulated by the governments then the founders pseudo anonymity would have been denied,  if they can't apprehend Satoshi identity and personality then getting it regulated is a big threat of an unresolved puzzle to them

[peterpanda]

Those who said no are wrong. Now technically you can always buy and sell OTC ( Over The Counter) which can be done completely unregulated but if all governments were to ban bitcoin that would mean they’d not allow for exchanges to be operational in their countries and that would ruin bitcoin. Period.

But if you think logically, is it really possible in this modern age? I am not saying that Bitcoin can not be regulated but it may regulated some reasons. Bad news and banned news about Bitcoin may arrive but all the countries won't banned this where new countries are accepting Bitcoin now.

[AakZaki]

I don't think bitcoin can be regulated by government, it decentralized nature can't be changed if any one tries to change it,bitcoin will be disvalue,government has no right on bitcoin because its not created by them.

The government can only manage its external relations. That is the relationship between the government and crypto actors. They will never be able to control the flow from the transacation of their blockchain. So they could have set the tax, although it could have been ineffective because they had to work with the exchange to be able to withdraw taxes according to the rules. Or they give the rule as an income tax and are obliged to report income. But I would prefer that than the government to freeze all activities related to crypto.

[LUCKMCFLY]

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.

I think that the only way it can be regulated is when a town allows it and even so, if you want to be irreverent you can be, because a government cannot manage 100% control of a town that trades with BTC, there are many ways to bypass prohibitions, there are many VPNs and there are many computer tools that still allow privacy and anonymity in some operations, the most reckless go directly into the deep web where there are exchanges that make their transactions totally almost imperceptible, and although it is very delicate , some choose to do so, yet there are many ways to evade a government that wants to regulate BTC.

[adzino]

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.

You are contradicting yourself. You are saying bitcoin is decentralized and it can never be regulated by the government. But then you are saying bitcoin can be traced by government and regulated. Yes, bitcoin is decentralized but can be regulated. There are already some countries that have imposed strong policies and regulations on crypto currencies. Now whether people will abide by the regulation or not depends on them. As long as they don't have any interaction with fiat currencies, the government can't do anything because all those regulation involves fiat currencies. If you are making a p2p transaction with someone else using only bitcoin,  the government won't know anything (unless your address is somehow associated with your identity or you have declared your assets officially). In other words you will be hiding your coins from the government and do everything illegally.

[ShowOff]

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.

The truth is bitcoin can be regulated by most countries in the world but cannot be controlled by any central authority. The rules I mean are compliance with applicable laws in a country such as the prohibition of using bitcoin as a legal currency or means of payment. You have to comply, but the government cannot control bitcoin but can only control its users.

If you are making a p2p transaction with someone else using only bitcoin,  the government won't know anything (unless your address is somehow associated with your identity or you have declared your assets officially). In other words you will be hiding your coins from the government and do everything illegally.

Regulation and control are never the same, You have explained it. So it is true that P2P transactions will provide better privacy for bitcoin users regardless of whether a ban has been imposed in a country.

[isaac_clarke22]

~

Adding it up to what you had mentioned, using custodial wallets that are widely recognized by your country would require you to comply to their KYC requirements especially that they knew that cryptos aren't purely traceable with ownership and only by addresses.
Here in my country, KYC policy is quite strict when it comes to those. It's like Binance that has various levels of verification (email -> POI -> address).

[Vaskiy]

These days cryptocurrencies have turned to be the preferred one for money laundering. This is all because of its anonymity, cross border transaction, easy access and it continues. Same as the growth, there is also increase in the number of cybercrime related with cryptocurrency.

Based on the data provided by chainalysis there is a 30% up in the money laundered than the year 2020. Likewise there is more tax revenue loss happening for the government and this makes governments to push regulation than just leaving it without any policies for cryptocurrency.

[decodx]

Various nations are looking for ways to regulate the use of cryptocurrency. There are different types of such regulations. Some countries are cracking down on the use and buying of bitcoins in exchange for fiat currency. Some governments are also trying to regulate the taxation and trading of cryptocurrency. Some countries are exploring to regulate the use of cryptocurrency in the form of personal accounts and wallets. Moreover, some countries are even exploring to ban cryptocurrency all together.

But as far as bitcoin is concerned, there is no real regulation on cryptocurrency. This is because it is an entirely digital currency which is based on blockchain technology and is totally decentralised. Hence, it cannot be governed by a central bank or any other financial agency.

[Gyfts]

https://www.forbes.com/sites/jackkelly/2022/01/28/president-joe-biden-is-going-after-bitcoin-cryptocurrencies-and-nfts/?sh=424c574657b9

Take this article with a grain of salt, no one can verify what exactly any proposed executive order might accomplish, but given the expanded powers of the executive, the overreach through executive action generally isn't something that's challenged through the courts. Biden administration is planning on regulating Bitcoin, NFT's, etc.

In this case, as we all know, "regulating' merely means excessive taxes on anyone who decides to hold/trade Bitcoin. We all knew it was coming.

[JayTrain]

in my opinion, this is the only cryptocurrency that will be difficult to regulate, decentralization and anonymity are just about bitcoin, because no one knows the creator, the blockchain also works by itself, unless the owner of the bitcoin wallet himself will not give the private key to the regulator and tell his identity, then it is impossible to regulate it.

[Ultegra134]

Various nations are looking for ways to regulate the use of cryptocurrency. There are different types of such regulations. Some countries are cracking down on the use and buying of bitcoins in exchange for fiat currency. Some governments are also trying to regulate the taxation and trading of cryptocurrency. Some countries are exploring to regulate the use of cryptocurrency in the form of personal accounts and wallets. Moreover, some countries are even exploring to ban cryptocurrency all together.

But as far as bitcoin is concerned, there is no real regulation on cryptocurrency. This is because it is an entirely digital currency which is based on blockchain technology and is totally decentralised. Hence, it cannot be governed by a central bank or any other financial agency.

I'm not sure how banning cryptocurrencies all together would work, how is that even possible and how would they possibly track such movements? Anyway, I hope we don't learn the hard way, however, the most likely to happen is to have them taxed, most exchanges would be blacklisted, thus, any financial movement would trigger alarm bells, forcing you to declare any earnings that are a result of dealing with cryptocurrencies.