In the last few days government in countries like south Korea & India are talking about regulation bitcoins and other crypto currencies. now South Korea is taking about banning it and all the news ?
what exactly they mean by regulation ??
And now after days of understanding it they are deciding to ban it as they are not able to regulate it is it so?
or there is some other story to it?
guys what do you think?
Regulating means to take control of something by imposing strict rules and policy. Bitcoin right now is decentralized. Hence the government has no power over it. But by regulating that is imposing some certain laws, rules and policies they can bring it to under their control - this is what the government thinks and this won't be happening.