Legalization of Bitcoin in many countries has proven to be a very hot topic since there are countries which viewed Bitcoin as a threat since the currency is decentralized, not backed by anything and is gaining a strong following and use in such a short period of time. Bitcoin has become a phenomenon which caught many by surprise.
Perceived as threat, there are some government authorities who are proposing to regulate the cryptocurrency but as a compromise make it legal. It is as if they want a give and take kind of game.
Should we allow to get into the compromise as long as Bitcoin can be legal or should we make a strong stand against this scenario?
This is exactly the kind of position we all found ourselves or say bitcoin found itself that it not possible for whatever reason that bitcoin will be legalized without any form regulation because in as much we want recognition from government it has to come with a price but the government regulation I fee with be hard in those who wants to HSE bitcoin for illegal purpose which will make me go for the legalization with regulation option if I am to choose.