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The good news for the rest of us is that it is very difficult to "ban" cryptocurrencies. That's a feature of them, of course. You can try to crack down on excha
by noarchy 9y ago
The good news for the rest of us is that it is very difficult to "ban" cryptocurrencies. That's a feature of them, of course. You can try to crack down on exchanges and methods for converting crypto to/from state-backed currencies, but that doesn't actually stop crypto.
- thkim 9y agoyou can make it illegal for a bank to do business with crypto exchanges like what SK is doing right now. If all G10 currency do this then it can kill the bubble in crypto. I actually think this is a better move for crypto's future.
- noarchy 9y agoI suspect we'll see other states angling to see what kind of tax revenue they can squeeze out of crypto, rather than banning it. The problem, of course, is how to set up such a system. They can enforce it with the exchanges (witness the recent IRS request that Coinbase faced) and banks. It will be hard to cover all crypto transactions.
- passwordreset 9y agoI see you haven't answered giblaz's questions yet. Valid answers to his questions would clear up much of the confusion about your arguments. Please answer his questions, and continue. How would G10 nations kill the crypto bubble by banning Bitcoin business by banks? Why is this a better move for crypto's future?