Bitcoin and other Cryptocurrencies live in a decentralized ecosystem. Viewed as a volatile, high risk, high return investment tool, in fact this has become a special attraction for hodlers (Crypto investors).
However, it is very unfortunate, there are also quite a few bad people who are looking for profit in the crypto ecosystem. They cunningly create scam projects, steal through hacking, and deceive people.
Like the problems created by Do Kwon Founder of Terraform Labs $LUNA , and Sam Bankman Founder of FTX $FTM are small examples of problems that exist in the crypto ecosystem.
The emergence of cases like this has made several figures and government organizations issue statements to regulate cryptocurrency.
The emergence of this statement for crypto regulation has received a lot of support from several parties, including crypto users themselves. However, can a decentralized crypto ecosystem be regulated?
The meaning of decentralized is without a center and not bound, while regulation means centralized and bound.
Currently there is no best way to regulate Bitcoin and Cryptocurrency because regulating it means throwing away the decentralization of Cryptocurrency itself.
By implementing limited regulations on Crypto, Bitcoin and Crypto can no longer be called a decentralized system.
Things like this give rise to dilemmas in cryptocurrency regulation efforts.
