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Banks and brokers are required, by law, to report similar information. Cypto-exchanges might be able to skirt those laws for now, because they're slightly diff
by leereeves 9y ago
Banks and brokers are required, by law, to report similar information.
Cypto-exchanges might be able to skirt those laws for now, because they're slightly different, new, and small, but if cryptocurrencies become mainstream the laws will be updated to include them.
- deftturtle 9y agoand this speaks to the fundamental issue: governments intrude upon new freedoms and pure environments. There is no place free of control. What right does the government have to inject itself, ultimately resorting to violence, into a new economic system. In this way, it is the government who commits a crime, crusading into new territory and plundering those who object.
- Joakal 9y agoI think you meant injustice. Doesn't sound like a crime for the government to legislate bitcoin unless there's a law forbidding creating laws against bitcoin?
- eldavido 9y ago"We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed."