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Comment by ChrisRR | Hacker News Reader

"Licence" to trade bitcoin. I thought bitcoin was supposed to be free of all those pesky regulations?

Bitcoin as a protocol can’t be regulated, but anyone using Bitcoin can be regulated. Same with taxes. In practice this means any entity that operates a registered company has its crypto operations regulated, while entities that operate fully on chain may not be regulatable (depending on structure and operational security decisions).

I don't know what point you tried to make. Claiming that a protocol can't be regulated is completely irrelevant as the selling point of crypto as a currency is that it's operations are immune to regulation.

Yeah if someone is telling you that crypto is immune to regulation they’re lying and probably trying to scam you.

> Yeah if someone is telling you that crypto is immune to regulation they’re lying and probably trying to scam you.

Isn't crypto synonymous with scams?

https://time.com/personal-finance/article/popular-crypto-sca...

> selling point of crypto as a currency is that it's operations are immune to regulation.

It's not that they are immune, it's that no one can stop you. That doesn't mean tat you won't have consequences, but if you live under an unethical reigme, the consequences may be worth it.

I mean, if it was sold to you on that basis, the person doing the selling was lying to you; that’s obvious nonsense.

Bitcoin is. The intersection of Bitcoin and fiat isn't.

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