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
Cryptocurrency regulation works differently in most countries. Do we cryptocurrency is being regulated in the United states, is not the same way that it is being regulated in Canada, United Kingdom, and other countries. So, it all depends in the country that you are living. And the way these countries sees Bitcoin is different from each other: take for example in the United Kingdom Bitcoin is seen as a property, but not as a legal tender. Then in the United States some agencies sees it as an asset, and some sees it as a security.
Most of them do regulate cryptocurrency, but I don’t really think that they can have the power over exchanges that are decentralized. Only centralized exchanges are the ones who register with the government agencies and are being regulated. So I don’t think this is going to affect bitcoin's nature of decentralization.