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?
Nope and this will definitely destroy the purpose on why cryptocurrencies are created in the first place.
The reason on why Satoshi Nakamoto created bitcoin is because he wanted to have a currency which is decentralized (no regulation from any third parties) in which anyone can transact along the blockchain. Since this removes completely any third parties from accessing or recognizing your transactions, miners are the ones who are responsible for validating your transactions as you use your BTCs.
Again if BTC were to be regulated, this will be no less than fiat- meaning governments or third parties would be able to regulate its transactions, which ultimately contradicts on why BTCs were created in the first place.