Post
Topic
Board Economics
Re: Important conditions for the progress of bitcoin
by
metalglowd
on 22/04/2019, 18:29:30 UTC
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First, of course, the recognition of bitcoin through regulation, so clearly the digital currency can be used as a payment tool for certain posts.

The second is from the crypto market side, there must be an official exchanger and be recognized by the government of each country.
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First of all, we do not need regulation for bitcoin/cryptocurrencies to be recognized. Regulation would just bring more chaos to the current system. It will some what end up making the currency more centralized system. Although, a light and not so strict regulation might do good.
You second point is also a bit problematic. We do not want the government to be involved in these kind of system.

Previously I also thought about the same thing, but if we look again for the future, this regulation will actually have many benefits, especially if we are dealing with political / governmental matters.
if we allow without regulation, the government will instead choose to ban rather than just let it. I'm also not sure if they will allow crypto to just let it go without them taking any advantages from us