Post
Topic
Board Economics
Re: Regulating Bitcoin
by
winterland
on 16/04/2018, 18:35:38 UTC
Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?

I think its hard to regulate bitcoin, what government can do is regulate bitcoin trade. Only bitcoin trade can be regulate because bitcoin it self using decentralized system and its hard to regulate bitcoin
Even regulating the trading of bitcoin is going to be very difficult, right now governments think they can do it because they can regulate exchanges, but right now there are many decentralized exchanges being produced and if one of them or a few of them are able to become successful then that body of regulation is going to become completely useless.