Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Domithra on July 24, 2018, 02:30:44 AM

Title: Will Bitcoin ever undergo regulations?
Post by: Domithra on July 24, 2018, 02:30:44 AM

Bitcoin has seen a lot of tribulations since its inception and till date Bitcoin has experienced some regulations in certain countries. Due to its decentralized nature, the governments always want to take control over it and manipulate its market to suit their preferences. In order for Bitcoin to meet a peaceful transaction throughout its lifespan, i believe it should rather adhere to the terms and conditions of the various governments in order to receive the legalization status.
What do you think?

Title: Re: Will Bitcoin ever undergo regulations?
Post by: sugarchrisp on July 24, 2018, 08:20:26 AM

I think they've been trying to figure out ways to regulate bitcoin for the past couple years, but it's a really hard problem to crack.  With things being decentralized there's no specific point anyone can try to impose rules.  There's been decent pushback from the banking industry though, I've heard lots of banks have tried to directly prohibit people from spending money on website like coinbase.  They eventually caved and allowed it, but it took people threatening to take their funds elsewhere.  Who knows where this next battlefield will be.