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A cryptocurrency that is being influenced by the forces of demand and supply has still got some regulations in the sense that it is people that makes those demands and supplies. If you are talking about the government taking full charge in the future, then I don't see that as a nice idea since it might make many traders lose hope in getting involved with Bitcoin.

I guess one way of putting it is the government has no control over it. It seems like they want to find a way to put tax on it just like everything else. But I doubt they'll succeed any time soon. It's currently used by many people all over the world. So having no tax to pay makes for a unique advantage.

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