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You changed the subject completely. What does your comment have to do with it being regulated or not?
by colordrops 6y ago
You changed the subject completely. What does your comment have to do with it being regulated or not?
- camgunz 6y agoYou're trying to make a semantic argument and say that cryptocurrencies aren't regulated until you sell them for other currencies that are. My counterargument--where admittedly I skipped some steps and didn't explain very well--is that that turns cryptocurrencies into a commodity, not a currency, and that cryptocurrencies are particularly valueless commodities. FWIW, you're saying that while cryptocurrency stays on the blockchain it's not regulated. That's definitely not true in the US--people have gone to jail for not complying with financial regulation and reporting laws [1]--and is likely soon to be even less true [2]. [1]: https://digitalcommons.nyls.edu/cgi/viewcontent.cgi?article=1412&context=fac_articles_chapters https://digitalcommons.nyls.edu/cgi/viewcontent.cgi?article=... [2]: https://news.bitcoin.com/cryptocurrency-act-of-2020/ https://news.bitcoin.com/cryptocurrency-act-of-2020/