Bitcoin regulation has the potential to make the market much safer. It will still likely be a risky investment, but with protections for investors, it’s less likely that the market will be able to face as much outside manipulation. Overall, this is a good thing for people who want to invest in cryptocurrency.
While a ban on private crypto currencies will kill all future innovations in the crypto space, the virtual currencies do need a regulatory framework to protect the interest of investors. Finance Minister Nirmala Sitharaman recently said that the government is going to take a calibrated position on cryptocurrency.Mar 12, 2021
Currently, cryptocurrencies are regulated in the US by several institutions: CFTC, SEC, IRS, making it difficult to create overarching regulatory guidelines. In short, yes– Bitcoin can be regulated. There are still ways to buy, sell, and trade Bitcoin P2P, without a centralized exchange.