Post
Topic
Board Bitcoin Discussion
Re: If you were the government, how would you fight against bitcoin?
by
albertorma
on 28/11/2022, 22:33:26 UTC
If I was the government, I would regulate every CEX as much as I could. I would forbid bank transfers happening when the receiver is a cex unless It's strictly regulated (this is already happening, but I would endure It). I would regulate stablecoins, those owning these assets on omni or EVM chains would have to provide KYC or else would get their assets burnt. And lastly, I would encourage banks to offer bitcoin products to clients as long as they follow my regulations, this way not only I stop bitcoin, but also profit from It.

But of course, 10 minutes later after I impose my regulations, a bitcoin block would be found. There is no way to fully regulate bitcoin.