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RE: White House Says It Is "Monitoring The Bitcoin Situation"

in #bitcoin7 years ago

I am not sure there is much that the US government can do....

They can pass their little rules, but cryptocurrencies are outside the control of any government.

De-centralized exchanges are opening up and many are able to circumvent the regulators.

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Decentralized exchanges are a relatively new tecnology.
At the moment, in terms of volumes, they are not relevant and this trend will continue for a lot of time: people are flowing into crypto using centralized exchanges that allow to pass from fiat to crypto.
And this is a work that a decentralized exchange cannot do, because you need a central bank account to manage fiat funds and so in my opinion there is no possible decentralization at the moment..