Regulatory issues for cryptocurrency have actually been around for a long time. In fact, it was several years ago. But it seems, in the past year or so, it has become a serious topic of discussion in several countries. And it seems, some countries will soon implement it. What I personally think is, if true, many countries start implementing regulations for crypto currency, will this change the nature of crypto, namely decentralization to not being fully decentralized? What do your friends think here? Please share, hopefully this can add insight for all of us 😊🙏
Regulation does not limit decentralization, it's just that regulations regulate some that need to be added, on the one hand regulation provides a sense of security to invest, on the other hand the more different regulations, the harder it is for crypto to develop, considering that other countries will apply different regulations, and this will limit crypto in making non-binding decisions, crypto attitudes will definitely change if there are different regulations.
in my opinion a cryptocurrency was built with the primary purpose of being decentralized and distributed, two very important qualities that could make or break crypto regulation. by being decentralized, Bitcoin doesn’t have a single controlling entity. The control is shared among several independent entities all over the world, making it nearly impossible for a single entity to wrangle full control over the network and manipulate it as they please.