Bitcoin has been characterized as a decentralized digital currency, which is not regulated or controlled by any financial institution or United States.
This article discusses what is currently used in various highly successful and positioned platforms as a means of payment, replacing Fiat money; since its creation, it has been characterized as being considered the future currency.
Although Bitcoin does not have any tangible asset, mineral resource, or physical support, these coins are not issued physically but digitally.
A regulation that was seen coming
The excessive increase that Bitcoin has had in the purchase and sale of this digital asset and its market capitalization has caused great expectation and curiosity in many of the global financial entities regarding the type of investments that revolve around it.
On the other hand, they consider that too much money fluctuates in their investments, which should be regulated and controlled by the relevant entities, as with assets, shares, and funds listed on the stock market.
It is no secret to anyone that there are many interests behind cryptocurrencies; it is a matter of waiting for the right time for all of these to come to light and to be able to evaluate the financial action scenario of the moment.
The regulation of cryptocurrencies is a topic circulating among the most critical and notorious headlines worldwide through various communication and information platforms.
Since September 2021, part of the Securities and Exchange Commission has been considering the regulation of cryptocurrencies as an option because they consider that this will be the only chance of survival that these digital currencies may have.
One of the aspects that strengthens this decision by the United States is that the financial sector is endorsed and backed mainly by operations that give its users confidence.
Although for many, the main attraction of cryptocurrencies is that there are no intermediaries who can control the operations carried out in the blockchain, only the users who participate in the processes, with a possible regulation of this exchange.
On the other hand, the collection of commissions per transaction should be considered accordingly so that the regulatory bodies must accrue some economic benefit for the simple fact of monitoring financial operations with Bitcoin.
Will the digital dollar arrive behind the regulation?
The expectations regarding the crypto environment make the US government consider the regulation of these digital currencies, thus leading to a more significant number of restrictions for their operation.
This type of measure would go totally against the principles of Bitcoin creation, thus disrupting the nature of these crypto activities and the impact they want to create in the financial world.
Not only is regulation in the eye of the financial hurricane, but also the possible creation of a digital dollar that contributes to the decrease in the rate of inflation that has recently affected the US.
The current government of the United States sees digital currencies as an opportunity for positioning and innovation for the American financial system in the global environment.
In addition, the desire to be able to cross technological borders somehow and adapt to the Blockchain platform that until now has stood out for being remarkably safe and attractive for the management and control of logarithmic operations.
For now, the main objective of the North American nation is to stabilize the Country’s production rates and, in turn, stabilize the economy.
According to statements given by the President of this Nation, the main aspects of assessing with a possible regulation of cryptocurrencies focus on the security and protection of users or consumers of this type of digital asset.
In turn, the financial stability and security of the nation’s financial resources, without leaving aside the climatic aspect, which, as we know, the cryptocurrency mining process notably affects.
The expectations regarding the creation of a digital dollar do not diminish; on the contrary, the administration of President Biden has considered continuing the necessary investigations to issue a cryptocurrency backed by the Country.
Conclusion
The impact that the digital market and its leading financial figure, cryptocurrencies, have had worldwide is remarkable. The profits they generate are enormous, and, to a certain extent, they cause discomfort in governments and financial institutions.
As a consequence of said income, there is no control regarding the distribution of wealth, thus generating only benefits to its users or investors, leaving aside the hand of governments and banking entities that want to take advantage of this digital market.
