Can crypto be regulated globally without sacrificing decentralization?

[dave_strider]

Is there no solution? Is decentralized cryptocurrency really not globally adopted?

Government regulation of crypto can be strict sometimes, take the U.S. for example, with Gary Gensler and the sec attacking crypto firms and projects nonstop. We must understand that the government would never fancy a decentralized project that they cannot control, but we can do with a lenient kind of regulation and not constant attacks.

Do you think that in the future we would see somebody else with better views on crypto? 

[nakmantu99]

We know that the government's principle of managing this spatial plan is a bit contrary to the decentralization principle of cryptocurrency... some of us have little hope for mass adoption of cryptocurrency, while we also realize that the concept of cryptocurrency is very much contrary to what the government expects...

Is there no solution? Is decentralized cryptocurrency really not globally adopted?

I think this is a difficult discussion because I see that the regulations for one region are different. There are countries that do not agree with the existence of cryptocurrency and there are also those that are widely open to crypto adoption. If there are many statements like this, the results will definitely depend on all countries, whether the country opens its eyes or closes its eyes to all the technology produced by cryptocurrency.

Yes, each country has its own policy in accepting crypto, some give crypto permission for investment and some open crypto to be used as a payment method. And we also know that there are countries that do not allow both at all.
whereas the government should allow crypto to enter their country because they can take taxes from every transaction on the local exchange.

[electronicash]

Who will regulate globally?
If each country may be yes, but if globally, is there a global body that is responsible for regulating something, especially crypto?

Usually it will be large countries that are indeed very influential in global world developments that provide certain rules related to cryptocurrency, and in the end the news affects the crypto market in general. but if it is regulated globally, hmm I'm not sure, because each country has its own interests and authorities. like right now there are countries that free and legalize it but there are also those that strictly make crypto illegal and regulate crypto in their country according to the provisions of each country.

not globally but the ruling party in the region. say Europe they already have Markets in Crypto-Assets Regulation (MiCA). given that every corner of the globe already are member of an economic bloc. so their own regulatory body shall regulate the member countries but all exchanges as well will need to comply to the regulations of these countries

those exchanges not complying or the DEXes can operate in the deeper web using the onions. 

[robelneo]

Mainstream adoption compels that all transactions goes through regulations and all holders be accountable on what they are holding for taxation and compliance purposes, so its going to be very hard, the regulators will not give way; their reason is that they are trying to protect their citizen from bad actors and errors, so it has become the choice of the holders if he wants to be under the government watch or try to hide his activity related to Cryptocurrency.

[bitcoin-shark]

I believe this is the biggest dilemma in the crypto world, for me it is not technically possible, then why regulate on a global level? just to pay more taxes? it goes against the very principle of altcoins, that is, the elimination of intermediaries and decentralization

[kai]

We know that the government's principle of managing this spatial plan is a bit contrary to the decentralization principle of cryptocurrency... some of us have little hope for mass adoption of cryptocurrency, while we also realize that the concept of cryptocurrency is very much contrary to what the government expects...

Is there no solution? Is decentralized cryptocurrency really not globally adopted?

I think this is a difficult discussion because I see that the regulations for one region are different. There are countries that do not agree with the existence of cryptocurrency and there are also those that are widely open to crypto adoption. If there are many statements like this, the results will definitely depend on all countries, whether the country opens its eyes or closes its eyes to all the technology produced by cryptocurrency.

Yeah, the govs are not united in their beliefs, currently.
....

Why don't all governments in a country or state unite to accept Bitcoin?? The reason is because there are so many factors that consider the effects of Bitcoin's badness, such as theft, hacking, unstable prices. As far as I know, the government doesn't like something that is uncertain, such as the price of Bitcoin which is uncertain when it will go up and down.

We know that the government's principle of managing this spatial plan is a bit contrary to the decentralization principle of cryptocurrency... some of us have little hope for mass adoption of cryptocurrency, while we also realize that the concept of cryptocurrency is very much contrary to what the government expects...

Is there no solution? Is decentralized cryptocurrency really not globally adopted?

I think this is a difficult discussion because I see that the regulations for one region are different. There are countries that do not agree with the existence of cryptocurrency and there are also those that are widely open to crypto adoption. If there are many statements like this, the results will definitely depend on all countries, whether the country opens its eyes or closes its eyes to all the technology produced by cryptocurrency.

....
whereas the government should allow crypto to enter their country because they can take taxes from every transaction on the local exchange.

This position is if only the country opens its eyes to the presence of cryptocurrency but still if a country is not open minded to cryptocurrency then the result is that they will not collect taxes from the results of crypto trading.

[EluguHcman]

Is there no solution? Is decentralized cryptocurrency really not globally adopted?

There is absolutely no negotiation on decentralization especially on at the concerns of no third parties required to facilitate on transactions like the cryptocurrency facilities.

Perhaps, cryptocurrencies is already a global source acceptable currency which means it is potential for global adoption but the governments would always disagree to it to an extend because the government only facilitates on sectors that they have rights on its regulations.

To me the government's are mere entities while individuals making a massive bodies are also entities so, let ignore the persistence of the government agitation on regulating crypto currencies before it is massively adopted.
We are the bodies and the entities which we can always adopt the use of crytop currencies even While the government are not in support of it.

The only problem we would have is when a specific government pronounces it an illegal technology.
So giving it upon the government regulations is a compromise as Cryptocurrency is designed to be decentralized.

[bitterguy28]

FWIW, government could try to regulate how people and company use their cryptocurrency rather than attempt to regulate cryptocurrency directly.

i doubt many of them would be inclined to protect the cryptocurrency industry without having any access/control over it many governments still like to paint crypto as dangerous and useless thus shall not be used they know that crypto can have some impact on fiat and obviously they don’t want that so if their citizens will be asking for protection they’ll find a way to involve themselves and get something out of it in the process

[Baki202]

We know that the government's principle of managing this spatial plan is a bit contrary to the decentralization principle of cryptocurrency... some of us have little hope for mass adoption of cryptocurrency, while we also realize that the concept of cryptocurrency is very much contrary to what the government expects...

Is there no solution? Is decentralized cryptocurrency really not globally adopted?

Well I doubt if that will be possible stating the fact that decentralization in crypto currency is one of the major factors that influences the crypto market because it is a safe space when investors can or have a chance to influence the way the market moves.
Withdrawing decentralization from crypto is also withdrawing investors since decentralization as a factor is the joy of investing in crypto currency.

[Hinata]

We know that the government's principle of managing this spatial plan is a bit contrary to the decentralization principle of cryptocurrency... some of us have little hope for mass adoption of cryptocurrency, while we also realize that the concept of cryptocurrency is very much contrary to what the government expects...

Is there no solution? Is decentralized cryptocurrency really not globally adopted?

I don't really think so.
Mainly because decentralization is seen as one of the key features that shapes the crypto market.
Decentralization in cryptocurrency basically involves how investors like us are able to shape the crypto market.
Sacrificing decentralization from cryptocurrency takes away the joy of cryptocurrency which makes it unique unlike other fiat currrencies

[Agbe]

Is there no solution? Is decentralized cryptocurrency really not globally adopted?

  I think what makes crypto currency unique and different from another another market is decentralization and that is what actually defines it so any thing that will affect the decentralization of crypto will affect the future of crypto currency and that is what government of many nations which are too blind to see the good side of crypto currency is fighting against but I don't see that happening because all over the world today crypto currency has gotten allot of awareness and allot of persons have already keyed in to this . The fact is that the so called regulation of crypto currency is not going to work the highest that a government can do is to band it in that particular country but people will still go and do investment in crypto currencies because crypto currency is decentralized and can't be controlled

[nakmantu99]

Is there no solution? Is decentralized cryptocurrency really not globally adopted?

  I think what makes crypto currency unique and different from another another market is decentralization and that is what actually defines it so any thing that will affect the decentralization of crypto will affect the future of crypto currency and that is what government of many nations which are too blind to see the good side of crypto currency is fighting against but I don't see that happening because all over the world today crypto currency has gotten allot of awareness and allot of persons have already keyed in to this . The fact is that the so called regulation of crypto currency is not going to work the highest that a government can do is to band it in that particular country but people will still go and do investment in crypto currencies because crypto currency is decentralized and can't be controlled

Decentralization is the advantage of crypto currency, where no one can control it. This is what makes governments in some countries hesitate to not allow crypto. But in my opinion no one can reject technological progress, because even though it is prohibited I think its citizens still use and own it. The government should support it and give an appeal to its citizens not to misuse this technology.

[Crwth]

Like in every place and with every person that surrounds the control of a specific place, like governments, there would be antagonists who wouldn’t support anything in the future that they think is not beneficial for them. However, for those countries that see it as a potential way to improve their economy, I think it would be a good approach with regulation.

I think it can be done as long as there are set rules and agreements.

[Gurujebs]

We know that the government's principle of managing this spatial plan is a bit contrary to the decentralization principle of cryptocurrency... some of us have little hope for mass adoption of cryptocurrency, while we also realize that the concept of cryptocurrency is very much contrary to what the government expects...

Is there no solution? Is decentralized cryptocurrency really not globally adopted?

At this stage, I'm not sure if people really do still care about decentralization. Centralized exchanges came into the crypto party and everyone don't trust the system but it seems they have won the hearts and now it's global for daily use, if they should combine the total number of decentralized exchanges in crypto, I'm not sure they can sum up to Binance and Coinbase volume of traded coins.

The fact the government want to adopt crypto, it will come with a regulatory frame work, the government wouldn't associate itself with something they know it can affect them. If government want crypto for certain, then we should be ready for regulations but decentralization can still exist in the network.

[lombok]

We know that the government's principle of managing this spatial plan is a bit contrary to the decentralization principle of cryptocurrency... some of us have little hope for mass adoption of cryptocurrency, while we also realize that the concept of cryptocurrency is very much contrary to what the government expects...

Is there no solution? Is decentralized cryptocurrency really not globally adopted?

At this stage, I'm not sure if people really do still care about decentralization. Centralized exchanges came into the crypto party and everyone don't trust the system but it seems they have won the hearts and now it's global for daily use, if they should combine the total number of decentralized exchanges in crypto, I'm not sure they can sum up to Binance and Coinbase volume of traded coins.

The fact the government want to adopt crypto, it will come with a regulatory frame work, the government wouldn't associate itself with something they know it can affect them. If government want crypto for certain, then we should be ready for regulations but decentralization can still exist in the network.

For some reason, decentralisation is a concept that should be in the centre of the crypto world, but sometimes, it simply isn’t. Indeed, centralized exchanges provide convenience, velocity, and inclusiveness for users which creates a lot of attraction. But it does not mean that potential of decentralized systems should be overlooked. We can stimulate the invention processes to enhance the applicability and competitiveness of decentralised solutions in the financial market, for instance by improving the security, effectiveness and comfort of transactions carried out through decentralised protocols.

When regulation is made as an integral part it is also a prospect for expansion together with the essence of crypto. It is important that we as a community are prepared to continue to work with other parties while not losing sight of decentralisation. Building a separate network, but the ability of which will allow to react to regulations is the step that will contribute to the creation of balance between technology development and compliance. It is important that decentralisation has not lost its place in a rapidly expanding ecosystem.