3min chapter

Decoder with Nilay Patel cover image

Is there a future for Bitcoin? An investor and a skeptic make their case

Decoder with Nilay Patel

CHAPTER

Regulating Bitcoin

Bacoin is regulated by the protocol, but it doesn't purport to speak for much. The protocl itself isn't concerned with very much aside from the cor nature of the money and what's a valid spend. When it comes to the intermediaries that are present in the system, like talking about the coin basis of the world right at the bikuin banks, those are regulated by the state. But yes, so there those intermediaries are regulated. They're not exactly regulated the same way banks are.

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