This topic have taken the center stage of my thought we have seen how countries around the world are gradually opening the economy to adopt bitcoin and as a result a lot of government policies are already underway to develop a framework that allow regulation of the bitcoin ecosystem which have made me to wonder on this topic. Can a decentralized currency like bitcoin ever get regulated?
Over the years we've seen multiple countries express hostility towards Bitcoin and have also issued/imposed sanctions and regulations over the network in their country, the thing is, this countries are constantly irked that they can't control the Bitcoin network just as they do with their fiat currency, and again, they do not want their citizens to experience the freedom of funds and control that Bitcoin offers its users, they want them to only use fiat and cbdc's that's controlled by them.
Having said that, there is definitely a limit to their level of regulation, they can't control the network, they can only make it somewhat difficult for their citizens to purchase or use Bitcoin, but the network will always be away from the reach of the government.