ECB signals possible regulation of Bitcoin
an analyst named Tuur Demeester has issued a warning regarding a recent document released by the European Central Bank (ECB), which suggests that regulation, heavy taxation, and even a complete ban on Bitcoin may be imminent.
The report, titled "The Distributional Consequences of Bitcoin," argues that the benefits of rising cryptocurrency prices are disproportionate to early adopters, putting later investors at a disadvantage.
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Historically, the cryptocurrency industry has always carried the mission of decentralization, while the centralized regulation by governments has always been an unavoidable pressure in its development. Although each strengthening of regulation may cause the industry to experience some turbulence, the resilience and innovative capability demonstrated by the cryptocurrency industry always allow it to be reborn from the ashes.