Post
Topic
Board Bitcoin Discussion
Re: UK Makes Rules About Crypto
by
bill gator
on 28/03/2022, 13:03:41 UTC
In your opinion does this become one of the new supports for the development of bitcoin in the future?

I'm not sure that I fully understand the question being posed, however I think that any regulation of bitcoin at this point would be either to collect taxes/data and limit the freedom that is enabled by cryptocurrency. With BTC being worth over $40,000 and going strong for over a decade there isn't much more excitement that can be generated.

Regulations like this are harmful to the development of bitcoin; it goes against the spirit of BTC as I understand it, which is (partly) to be free from third party involvement in your private business.