Bitcoin Regulation Imminent?

Whenever Bitcoin starts an upward rally, discussion about its regulation and warnings from regulatory authorities about the risky nature of crypto-assets in general starts again. And this is what the ECB's Christine Lagarde recently did in an interview stating that Bitcoin is a "speculative" asset that has conducted some "funny business" and needs global regulation.

Against this background the central question remains as to how this shall be done. Bitcoin's code is publicly available on the web and is not controlled by anyone. In other words, there is no issuer of Bitcoin where regulations can usually be linked to.

U.S. congressmen already admitted during last year's hearings on Libra before the U.S. Congress, that Bitcoin can neither be banned nor stopped by the state.