Governmental control of the monetary system (AKA "oversight") is one of the biggest reasons Bitcoin was invented in the first place. The last thing this world n

Governmental control of the monetary system (AKA "oversight") is one of the biggest reasons Bitcoin was invented in the first place. The last thing this world needs is more oversight and control by disconnected bureaucrats with no skin in the game. Long-term, however, such attempts at regulating cryptocurrency simply make it even MORE decentralized / antifragile as people stop using traditional exchanges (which can be easily regulated) and start using decentralized options such as LocalBitcoins.com (which is all but impossible to regulate). EDIT: website link