Quote from: Henrobakkara on February 01, 2022, 08:51:01 AM

Quote from: Tellek Garing on November 08, 2021, 07:08:11 PM

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?

It depends on what you see as regulating Bitcoin. Can the Government determine how miners mine Bitcoin? how many Bitcoins are sent to exchange by miners? the price at which Bitcoin is sold? I don't think all these are possible however, I do believe that regulation will mostly be on the exchanges in reporting suspicious Bitcoin transactions and putting other measures in place like AML/KYCs

Bitcoin is a decentralized asset and a randomized system making it difficult for anyone to manipulate. the government can only regulate and supervise crypto whether the crypto is using the wrong system so that it can result in the loss of others while bitcoin itself cannot be regulated by any government.