Post
Topic
Board Bitcoin Discussion
Re: Bitcoin must be regulated!
by
CordandAN
on 20/08/2018, 13:37:41 UTC
When you want bitcoin to be regulated you haven't understood the actual idea of decentralization. Regulation will lose faith in the cryptocurrency idea.

Regulation does not effect on decentralized system. Regulation from government just for transaction in country because we still can transaction using bitcoin across the world. Regulation needed for government because government want to collect taxes

Right. They cannot control or rule it because of decentralization, but they can control our operations outside the system, like buying fiat, etc. just to make us pay taxes.