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Binance Probed by U.S. as Money-Laundering, Tax Sleuths Bore In
- ethbr0 5y agoCryptocurrency is a union of people who hate banks, people who hate taxes, and people who hate financial transparency. Sprinkled with a dash of the newly wealthy who aren't informed about legal ways to dodge taxes. Somehow, I am less than surprised that population includes a large percentage of folks tax authorities would be interested in... Which has nothing to do with the technology itself, only those it's marketed to.
- cma 5y agoNot to mention shutting down the gas pipeline for a crypto-based ransom. I'd imagine there is going to be a lot more regulatory look at it very soon.
- TechBro8615 5y agoThat would be a stupid idea for the US government. They want to encourage crypto because they know it’s unbanable and if the US doesn’t control it then other countries will.
- cma 5y agoHow would a legit company like a grid operator pay a ransom in it if it is banned?
- tldrthelaw 5y agoThis is only the beginning, there will be a massive crypto tax-reckoning in the coming years and it will, unfortunately, come on the backs of relatively small time investors.