Will bitcoin ever get regulated

[virasog]

I think yes,Bitcoin already some countries legal. Bitcoin ever get regulated i think It’s possible. Many companies and many countries they are interested in cryptocurrency in bitcoin. Many investor comes in last 2-3 year in crypto World. I think It's Very tough to government regulation in bitcoin but i hope one day It's possible to happen.

As this moment it seems quite impossible to regulate bitcoin in each and every country but with the passage of time the thinking of the governments will change and they will have no option but to regulate bitcoin.

The pressure of people will be enough for the government to take this step in the best interest of the public and the country.

[Luzin]

It depends on what you mean by regulation. I believe you are not mistaking it with centralization.
Bitcoin is not centralized but Bitcoin can be regulated.
Currently, many countries are regulating Bitcoin in different ways according to their country’s policies.
They regulate it to enable it to be legal or legitimate in their country. The people that cannot find a way to regulate Bitcoin are the people that is always afraid of what Bitcoin will develop to, so you will see them ban Bitcoin in their country.

That's bitcoin's external rule, but the network system won't be able to regulate it. Countries do that because they are worried about the negative impact. Even world institutions like the IMF will not be able to set up a blockchain network.
Just look at Elsalvador they dare to legalize bitcoin, despite interference from the IMF. The legalization of bitcoin is the right of every country, which has its own. So it is quite possible to set Bitcoin on its users rather than on the network or internal of Bitcoin technology.

[Tellek Garing]

I think yes,Bitcoin already some countries legal. Bitcoin ever get regulated i think It’s possible. Many companies and many countries they are interested in cryptocurrency in bitcoin. Many investor comes in last 2-3 year in crypto World. I think It's Very tough to government regulation in bitcoin but i hope one day It's possible to happen.

Bitcoin's decentralized nature makes it hard for it to be regulated in many cases but for sure so many Bitcoin services are being regulated daily, such services as exchange and Bitcoin payments gateways can easily get regulatory attention. But Bitcoin itself is very difficult to be regulated at the moment unless future development counters that aspect of its decentralization.

[savetheFORUM]

I think yes,Bitcoin already some countries legal. Bitcoin ever get regulated i think It’s possible. Many companies and many countries they are interested in cryptocurrency in bitcoin. Many investor comes in last 2-3 year in crypto World. I think It's Very tough to government regulation in bitcoin but i hope one day It's possible to happen.

Yes, but there is a limit to the extent at which it can be regulated. That it is legal in in a country doesn’t mean that the government can fully regulate it. The regulation is still going to be limited. In a country where it is legal means that people are free to make use of it and there wouldn’t be any punishment for making use of it. There are also countries that are neutral on Bitcoin.

In a country where it is legal the government only had control over the centralized exchanges , but they don’t have control over exchanges that are decentralized and some people can decide to make use of DEX and the government wouldn’t know about them and their activities.

[KaliLinux]

It depends on what you mean by regulation. I believe you are not mistaking it with centralization.
Bitcoin is not centralized but Bitcoin can be regulated.
Currently, many countries are regulating Bitcoin in different ways according to their country’s policies.
They regulate it to enable it to be legal or legitimate in their country. The people that cannot find a way to regulate Bitcoin are the people that is always afraid of what Bitcoin will develop to, so you will see them ban Bitcoin in their country.

I don't think that they cannot find a way because I believe every Government of a country knows what policies to put in place if they really want to regulate Bitcoin but they just don't want Bitcoin around because they want to keep a hold on their citizens financially.

[stepwilli]

I am not sure, maybe in the future the government might figure out a way for them to be able to regulate Bitcoin, although I still think that would be impossible because of the way that Bitcoin was set up. But the government are steady doing research and digging into Bitcoin, so we just don’t know  what might happen in the future. Left for me I would say that it is better that Bitcoin stays the way it is, because it wouldn’t cool as it is now if the government should start regulating it.

Bitcoin was created to be something that is not in control of anyone. Although I know that some people would give excuses that it would be used for the wrong purposes for the fact that it is not controlled, but that’s not mostly true, because Bitcoin can be traced.

[amihada]

Bitcoin can't be regulated, bitcoin creator satoshi nakamoto can't regulate bitcoin, satoshi nakamoto makes bitcoin and releases it on the trading market, even though there are countries that legalize bitcoin but that country can't regulate bitcoin.

[Ryker1]

Well, in my own opinion --hardline cryptocurrency supporters and mainstream investors alike have raised the subject of how the government can control bitcoin and its equivalents. But then, whatever your view is about the bitcoin mania, it has the capacity to drastically upset monetary policy across the globe. With hundreds of new tokens being released each month, it appears that regulating cryptocurrencies will always be a hard game.

[tippytoes]

Bitcoin is far from being regulated as the digital currency is built on a decentralized network, but if you talk about it services such as exchange and other Bitcoin service providers yes there can be regulated as we already have some centralized exchanges e.g Binance.

One good example also are local crypto-exchanges. Because they are under the jurisdiction of their Central Bank. So in a way, they are abiding the laws and regulations of their Central Bank when it comes to crypto business. But bitcoin itself, won't be regulated because of its decentralized nature. Only the businesses employing bitcoin or other crypto services. If the government can get taxes out of these businesses, why not? Rather than treating them as illegal market because they won't get anything, only their underground market will benefit from it.

[Viscore]

I think it would be hard for the government to regulate bitcoin because it is decentralized digital currency,which means there is no physical entity like central banks.It is also highly volatile.Maybe if the regulation work out, it will really affect the future of crypto.The whole purpose of bitcoin will be vanished.The value of bitcoin will become stable like any fiat currencies.

[panukurap]

In my opinion, BItcoin cannot be regulated at any time by arbitrary people. Maybe Bitcoin can only be regulated by the creator himself who has the code. If Bitcoin can be regulated arbitrarily, I am not sure the value of Bitcoin will be as high as it is now, in fact its value will decrease. This can happen. The thing behind Bitcoin still a mystery or a secret it seems, we only know what lies ahead now. Compete in the race to have Bitcoin from mining, trading and so on. In fact, many people commit fraud, theft or other crimes to get BItcoin more easily without mining or buying it.

[thecryptoconsultant]

I kind of agree

[Renampun]

I think yes,Bitcoin already some countries legal. Bitcoin ever get regulated i think It’s possible. Many companies and many countries they are interested in cryptocurrency in bitcoin. Many investor comes in last 2-3 year in crypto World. I think It's Very tough to government regulation in bitcoin but i hope one day It's possible to happen.

I'm not sure if you understand more about Bitcoin...

Bitcoin is not fiat that can be regulated by the government, Bitcoin is a decentralized cryptocurrency that is difficult to get regulated. but things related to Bitcoin such as wallets, gambling sites or exchanges can get regulation from the government at any time because they can control it.

[boyptc]

One good example also are local crypto-exchanges. Because they are under the jurisdiction of their Central Bank. So in a way, they are abiding the laws and regulations of their Central Bank when it comes to crypto business. But bitcoin itself, won't be regulated because of its decentralized nature. Only the businesses employing bitcoin or other crypto services. If the government can get taxes out of these businesses, why not? Rather than treating them as illegal market because they won't get anything, only their underground market will benefit from it.

The government can regulate all of those businesses that are related to cryptocurrencies.

The need to have a license as a business for their operation is already enough to be said that they're regulated and controlled by the government. What you said about bitcoin and the others, they can't really be regulated at all.

That's why exchanges are asking for KYC.

That's part of the regulation so if you enter their platforms, you're using a regulated platform but outside of it, they have no control over us.

[Abiky]

The government can regulate all of those businesses that are related to cryptocurrencies.

The need to have a license as a business for their operation is already enough to be said that they're regulated and controlled by the government. What you said about bitcoin and the others, they can't really be regulated at all.

That's why exchanges are asking for KYC.

That's part of the regulation so if you enter their platforms, you're using a regulated platform but outside of it, they have no control over us.

Exactly. At its core, it would be impossible to regulate Bitcoin because of its decentralized and censorship-resistant nature. What governments can only do is regulate businesses and exchange operators dealing with cryptocurrency. Centralized exchanges are required by law to comply with KYC/AML regulations in order to prevent money laundering and terrorist financing. If they don't do that, governments will close up their business. It's the way it works.

For Bitcoin to achieve its true potential, it needs to be traded on decentralized exchanges. Fortunately, there are some DEXs and even atomic swaps which allow people to gain access to the world of crypto without limitations. These alternatives cannot be regulated because of their decentralized nature just like Bitcoin. Depending on how crypto develops over time, governments can either decide to ban Bitcoin completely or continue to regulate the industry. Either way, Bitcoin will survive as it's too big to fail. Who knows how our future will look like with Bitcoin as the epicenter of our mainstream economy? Just my thoughts

[TribalBob]

it is difficult to regulate BTC because from the start BTC has been designated as a decentralized currency, and transparent in its management, but with a centralized platform owned by governments or individuals that can be regulated as said, using fiat currency as a means of illustration

[rozak]

it is difficult to regulate BTC because from the start BTC has been designated as a decentralized currency, and transparent in its management, but with a centralized platform owned by governments or individuals that can be regulated as said, using fiat currency as a means of illustration

which can be well regulated by the government as the exchange platform in the country. I think the government can tie taxes on the platform. while asset ownership will be very difficult to regulate by the government.
so the ownership tax by each person will be charged when there is a withdrawal from the exchange platform. I don't think crypto-assets can be regulated and set as income tax.

[dataispower]

Bitcoin is decentralized currency that government don't have authority or power to regulate it speculation, if bitcoin will be regulated in future it will be when fiat currency is no more and Bitcoin will take over Fiat currencies. I think it is the time Bitcoin can be regulated, the regulation of bitcoin start from the market cap, due to the demand of bitcoin and the supply of bitcoin, that is what makes Bitcoin and any cryptocurrencies different from fiat currencies.

[LUCKMCFLY]

France, Germany, Japan, Mexico and many of other big succesful countries have regulated Bitcoin. And many of big companies also accepted bitcoin as a payment asset and BTC will regulate in the whole world  in some years then it will have bright future.

It is that these countries the BTC must enter at any rate, it is not possible that a third world country has advanced so much to Europe and North America, it does not matter that the price of BTC is low, which represents having in the economy to BTC is shielding against inflation, if we take into account that all economies are vulnerable, including the United States and the European, BTC sometimes represents being its best outlet, even above gold, gold will always represent the best support, while BTC represents to be the best investment of all.

[macson]

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?

"wind is something that cannot be touched but can be felt", as well as bitcoin, the government cannot regulate bitcoin but can only regulate things related to bitcoin such as bitcoin owners, exchanges, gambling sites or digital wallets.  but if bitcoin is a centralized crypto asset then the government can regulate it.